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Author Topic: Buying Gold to hedge against inflation  (Read 74623 times)

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Offline leeholsen

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Re: Buying Gold to hedge against inflation
« Reply #1125 on: September 11, 2012, 09:22:58 AM »

 i've been following a lot of sites that think that way cuff, just to see what happens, as even though IMO; spain, italy and greece are already in depressions and the US, europe and much of Asia has declinined in production big time; the world has still kept rolling(although at a slower pace economically).

i think the US and Canada(because its been the most fiscally responsible in the past 5 years) will weather whatever becomes of southern european countries. my prediction is another longer recession and a quicker road back as in this next one, countries  and people that did not deal withthier indebtedness(i hope thats right) will be forced to this time.

if you ever want to buy stored food at the cheapest price possible, you should have your chance 1 day after the gloomers figure out the world isnt going back to the 16th century.
Eat 'em up Houston Cougars !

Offline kievstar

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Re: Buying Gold to hedge against inflation
« Reply #1126 on: September 11, 2012, 09:38:55 AM »
A good stock to gage the economy in USA and Europe is Rockwell Automation.  They are a big player in factory automation - when they decline or stall in sales usually indicates a slowdown on plant investment (new or rebuild of old).  They do not do as well in Asia so you need to use a different stock for Asia.

Regarding gold more than a year ago I mentioned would it go to 1,000 or 2,000 first - I did not know.  But we know the answer neither as it hovers in the middle.  Gold is not a great longterm investment its more of a short term play right now.  I may start day trading it again - as mentioned 1 plus year ago was making 30 times my initial investment by day trading it.  When you have fear gold is an easy short play. 

The OP has not been here once this year (per his last login) and I remember him telling me it would be 5,000 plus by now on gold price.  He mentioned he was going to live in Ukraine maybe someone knows his whereabouts or did he start posting here under a new name?




Offline leeholsen

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Re: Buying Gold to hedge against inflation
« Reply #1127 on: September 11, 2012, 11:03:58 AM »
A good stock to gage the economy in USA and Europe is Rockwell Automation.  They are a big player in factory automation - when they decline or stall in sales usually indicates a slowdown on plant investment (new or rebuild of old).  They do not do as well in Asia so you need to use a different stock for Asia.

Regarding gold more than a year ago I mentioned would it go to 1,000 or 2,000 first - I did not know.  But we know the answer neither as it hovers in the middle.  Gold is not a great longterm investment its more of a short term play right now.  I may start day trading it again - as mentioned 1 plus year ago was making 30 times my initial investment by day trading it.  When you have fear gold is an easy short play. 

The OP has not been here once this year (per his last login) and I remember him telling me it would be 5,000 plus by now on gold price. 

yes, i've heard some saying silver is going over $100; that stuff is just crazy.

my short plays are volatiltiy - vix etfs and s+p shorts. you dont make as much as shorting a stock, but itsd a lot safer.

and my 2 favorite stocks are john deere and catepillar. when we hit the bottom of this next recession; i'm buying a whole lot of both of them. i own neither now as i think we're at a mkt top.
Eat 'em up Houston Cougars !


Online AvHdB

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Re: Buying Gold to hedge against inflation
« Reply #1128 on: March 19, 2013, 08:24:41 AM »
There are various notes about possesion of "your" precious metals.

This article caught my eye.

http://jessescrossroadscafe.blogspot.nl/2011/12/attempt-to-seize-and-liquidate-customer.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29

Anyways where is your silver and gold presently?
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Offline Eduard

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Re: Buying Gold to hedge against inflation
« Reply #1129 on: August 28, 2013, 04:52:56 PM »
Haha, just came across this Ukrainian woman's profile, she says: "Don’t steal, don’t lie, don’t cheat, don’t sell drugs. The government hates competition......)) )))". 

How very true! :))) So wise and she is a beauty too!

Offline Turboguy

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Re: Buying Gold to hedge against inflation
« Reply #1130 on: August 28, 2013, 08:15:00 PM »
I have always found it interesting to look back to see what our crystal balls were telling us and comparing the ideas to what has happened since. 




Regarding gold more than a year ago I mentioned would it go to 1,000 or 2,000 first -  When you have fear gold is an easy short play
The OP has not been here once this year (per his last login) and I remember him telling me it would be 5,000 plus by now on gold price. 

Good call on gold.  Both were close, it got close to 2000 and then dropped back to a 9 iron from the 1000 price.  I do recall when gold was at the top someone said it was then a perfect time to buy.   I do agree, Gold is good for short term trading other than that it is just a slab of metal with little real value.

I don't understand your comment that when you have fear gold is an easy short play.   When people have fear gold will go up, why short it?

my short plays are volatiltiy - vix etfs and s+p shorts. you dont make as much as shorting a stock, but itsd a lot safer.

and my 2 favorite stocks are john deere and catepillar. when we hit the bottom of this next recession; i'm buying a whole lot of both of them. i own neither now as i think we're at a mkt top.

Interesting.  You felt it was safer to short stocks a year ago and during the following year the market has gone up 40% or so and also you thought we were at a market top a year ago and 40% lower than the market is now.  Two of the laggards that haven't had those gains were JD to some extent and Cat in a big way.  Of course most were bullish on those two stocks when you said that.

It is really hard to predict what the market or individual stocks will do.  The only universal rule I have found is the more people think something will happen the greater the chance the opposite will happen.   

It's been a great time to be in the market but not a great time to be in gold.

Offline Eduard

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Re: Buying Gold to hedge against inflation
« Reply #1131 on: August 28, 2013, 10:10:29 PM »
but now it's back to 1420... some people think that by the beginning of next year it's going to be over 2000

Online AvHdB

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Re: Buying Gold to hedge against inflation
« Reply #1132 on: August 28, 2013, 11:14:21 PM »
but now it's back to 1420... some people think that by the beginning of next year it's going to be over 2000

I would now ask them how much they have bought recently and how much they purchased a few years back.

Ask again on the 15th of January, well after Eastern Orthodox Christmas.
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Offline Eduard

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Re: Buying Gold to hedge against inflation
« Reply #1133 on: August 28, 2013, 11:28:58 PM »
but now it's back to 1420... some people think that by the beginning of next year it's going to be over 2000

I would now ask them how much they have bought recently and how much they purchased a few years back.

Ask again on the 15th of January, well after Eastern Orthodox Christmas.
AV, are you saying it ain't gonna happen?

Online AvHdB

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Re: Buying Gold to hedge against inflation
« Reply #1134 on: August 28, 2013, 11:33:59 PM »
AV, are you saying it ain't gonna happen?

I am not saying either if I knew what was going to happen I would not be posting.

It is just a good habit to see what happens with assumptions, for some it keeps us honest.
“If you aren't in over your head, how do you know how tall you are?” T.S. Eliot

Offline cufflinks

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Re: Buying Gold to hedge against inflation
« Reply #1135 on: August 28, 2013, 11:36:31 PM »
With this Syria situation getting white hot - all bets are off on the accuracy of any prognostications up or down.... stocks etfs bonds or commodities - only one thing is sure and that is volatile swings will be forth coming in all sectors.

Offline Muzh_1

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Re: Buying Gold to hedge against inflation
« Reply #1136 on: August 29, 2013, 09:13:35 AM »
Haha, just came across this Ukrainian woman's profile, she says: "Don’t steal, don’t lie, don’t cheat, don’t sell drugs. The government hates competition......)) )))". 

How very true! :))) So wise and she is a beauty too!

Hmmm, looking for her contact information.

Nope, nowhere to be found.

Is she one from your stable?

Offline Eduard

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Re: Buying Gold to hedge against inflation
« Reply #1137 on: August 29, 2013, 10:19:06 AM »
Haha, just came across this Ukrainian woman's profile, she says: "Don’t steal, don’t lie, don’t cheat, don’t sell drugs. The government hates competition......)) )))". 

How very true! :))) So wise and she is a beauty too!

Hmmm, looking for her contact information.

Nope, nowhere to be found.

Is she one from your stable?
Dear Muzh, I see you are back to work today!  :-X 
FYI: I don't "have" any girls and I have no "stable". I help my clients find women according to their criteria on local Russian social networking sites. These women are not looking for foreign men, but some of them would be open to getting to know one if they find him interesting, intelligent and attractive. I give cultural advice and guidance on developing a relationship with a RW since I've done it since I was in my early teens. This makes the process go a lot smoother and my clients end up developing a good connection, friendship with romantic possibilities with 5 or 6 women in just a couple of months. Obviously I translate for them, so the language barrier is completely eliminated and they really get to know each other without much guess work, just as you would get to know a woman you met locally. 

Some of the WM who've been trying for a while on Russian sites like mamba surely have found out that getting and keeping a good looking RW's attention isn't that easy for a foreigner. They would be pleasantly surprised how their luck would change quickly if they decided to use my help.

I hope this helps and that now you understand that I don't have a "Stable" of women. I am NOT an agency, Muzh. You can think of me more in terms of a head hunter, consultant, relationship manager, translator, cultural adviser, logistics coordinator, a wing man, a sounding board and a guide. 

By the time we travel to FSU we would have worked for about 3 months together, gotten to know each other well and developed a friendship. This changes the dynamic of the whole process greatly. It's more like 2 friends travelling together and having fun. When my clients meet their dates for the first time they are usually a bit tense and worried. I help take the edge off by throwing a joke here and there, making every one laugh and relax, it really does make a difference. Also the fact that I'm happily married with children helps a lot, it makes my client seem more serious about family in their eyes as they think of me as his friend. Pulling out my iPhone and showing them the pics of my wife and kids always works wonders and puts them at ease.
There is a lot more to it, but that's enough for now. I don't want to distract you from your job  :)     

Offline Muzh_1

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Re: Buying Gold to hedge against inflation
« Reply #1138 on: August 29, 2013, 10:50:16 AM »
The following has been brought to you by:

 ED - Your Trusted MOB Broker. "If you can't find happiness with an American Feminazi, I'll show you a place where you will find women your daughter's age outnumber men 8 to 1 and are dying to make your house cosy and cook tasty dishes."

Offline Anteros

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Re: Buying Gold to hedge against inflation
« Reply #1139 on: August 29, 2013, 11:07:40 AM »
The following has been brought to you by:

 ED - Your Trusted MOB Broker. "If you can't find happiness with an American Feminazi, I'll show you a place where you will find women your daughter's age outnumber men 8 to 1 and are dying to make your house cosy and cook tasty dishes."

I see you're being a Putz again.  Stick to being a Muzh.
Be careful what you wish for, you might get it.

Offline Eduard

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Re: Buying Gold to hedge against inflation
« Reply #1140 on: August 29, 2013, 11:11:47 AM »
The following has been brought to you by:

 ED - Your Trusted MOB Broker. "If you can't find happiness with an American Feminazi, I'll show you a place where you will find women your daughter's age outnumber men 8 to 1 and are dying to make your house cosy and cook tasty dishes."
why not take it a step further and say "your great, great grand daughter's age". If you're going to come up with BS claims might as well :)
I always found it so disingenuous of you, the man who married a bride from Ukraine stigmatising others who are trying to find love in that part of the world. What a hypocrite!
How is your work day going? Must be real busy today  :laugh:

Offline Muzh_1

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Re: Buying Gold to hedge against inflation
« Reply #1141 on: August 29, 2013, 11:46:51 AM »
The following has been brought to you by:

 ED - Your Trusted MOB Broker. "If you can't find happiness with an American Feminazi, I'll show you a place where you will find women your daughter's age outnumber men 8 to 1 and are dying to make your house cosy and cook tasty dishes."
why not take it a step further and say "your great, great grand daughter's age". If you're going to come up with BS claims might as well :)
I always found it so disingenuous of you, the man who married a bride from Ukraine stigmatising others who are trying to find love in that part of the world. What a hypocrite!
How is your work day going? Must be real busy today  :laugh:

Erm..., I'm on ignore. What part of ignore you don't understand?  :ROFL:

Offline cufflinks

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Re: Buying Gold to hedge against inflation
« Reply #1142 on: September 26, 2014, 03:47:07 PM »
Time for an update; Gold at $1,218.00 and Silver at $17.62 at close of the market on 5PM Friday, September 26, 2014...

So projections of Gold $2,000 were incorrect and looks like Gold is hedging against Deflation versus inflation at this rate...

Looking like Polar Vortex II in North America winter 2014 and perhaps even colder and more snow than 2013 - Fracking supplies of NatGaz are high but many wells in the Bakken of Dakotas burning off as much as 25% of their NatGaz production flows due to a lack of Pipeline Capacity and rail/storage capacity to deliver this abundant cheap energy to the major demand/population Centers in the Cold North USA and even Canada.

Many pundits proclaiming that the vaunted Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total Market Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.

Yet the Obamunists and Senator Karl Levine, Michigan the are screaming that any Company trying to minimize their usurious onerous 40% Corporate Tax Rates by moving offshore (like the Manufacturers that moved to Communist Red China) who were not immoral and anti-American in a globalized economy...  have been shaming Walgreens, Burger King and a number of other major US Companies pursuing international inversions to remain competitive in the reality of global competition...  such that US multinationals are sitting on a war chest of over $2 Trillion USD "locked" in overseas operations and reserves...  Obamunists and Levine Marxists socialist anti-capitalists trying to pass laws to seize this international capital reserves via new tax edicts and congressional and executive action - these fools will just see many companies decide to pivot to the Asia Pacs and simply move the companies to where they are treated best - especially since the NYSE is a go to capital Market for the Chinese mega techs like Alibaba group - could be the model for most multinationals moving forward - Mandarin classes anyone.?.

So barring another CDO/CDS freeze up of the international finance systems (unlikely due to all the US real estate being bought by USA and international investors and just about anyone eligible to apply for MHAA/HARP modified mortgages setting an absolute floor under real estate in most markets...  looks like investors consider that a change in regime in DC or at least a Republican mid term landslide will offer some global rationalization to our insane US Corporate Tax code and repatriate with carrots rather than sticks the offshore US Corporate cash hoards with tax incentives to reinvesting in the USA and creating 30 Million USA jobs over the next 10 years...  One can hope the large and small business conservatives will cancel out the Obamarxists economy killing policies.

Offline tfcrew

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Re: Buying Gold to hedge against inflation
« Reply #1143 on: September 26, 2014, 06:42:24 PM »
I could make gold & silver triple in value overnight....
.....by selling all of mine.

Me the next day ----->   :GRRRR:

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Re: Buying Gold to hedge against inflation
« Reply #1144 on: September 28, 2014, 06:43:43 PM »
I could make gold & silver triple in value overnight....
.....by selling all of mine.

Me the next day ----->   :GRRRR:

I have been driving around to all the new england antique "malls" where they rent booths to dealers and buying up any proof sets pre-1964 I can find for about $20 each+/-  ... about $15 Metal value Silver Nickel and Copper and then double for numismatic value (currently approx $40 USD per proof set up to $600/700USD for early 50s proof sets) and 100% profit not to0 bad - silver goes back to $40 an oz after QE downward stimulus on interest rates removed and will at least double my money again - a fairly safe bet and US recognized currency and known precious metals content - who knew solid copper pennies would also become valuable.

http://www.coinflation.com/unitedstates/

Description   Denomination   Metal Value   Metal % of Denomination
Lincoln Copper Cent Price   1909-1982 Cent (95% copper) *   
$0.01
$0.0203170   
203.17%
Jefferson Nickel Price   1946-2014 Nickel   
$0.05
$0.0463992   
92.79%
Lincoln Zinc Cent Value   1982-2014 Cent (97.5% zinc) *   
$0.01
$0.0059102   
59.10%
Roosevelt Dime Value   1965-2014 Dime   
$0.10
$0.0172319   
17.23%
Washington Quarter Value   1965-2014 Quarter   
$0.25
$0.0430820   
17.23%
Kennedy Half Dollar Value   1971-2014 Half Dollar   
$0.50
$0.0861647   
17.23%
Ike Dollar Value   1971-1978 Eisenhower   
$1.00
$0.1723306   
17.23%
Susan B. Anthony Dollar Value   1979-1981, 1999 SBA Dollar   
$1.00
$0.0615459   
6.15%
Sacajawea Dollar Value   2000-2014 Sacagawea Dollar   
$1.00
$0.0529059   
5.29%
Presidential Dollar Value   2007-2014 Presidential Dollar   
$1.00
$0.0529059   
5.29%


United States Circulated Silver Coinage Intrinsic Value Table
These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). I recognize that the silver Eisenhower dollar was issued as a collectible only, but I'm still categorizing it with this group. This table illustrates how far the metal value has progressed compared to the denomination's purchasing power after the debasement.

*** Check out our easy-to-print guide on silver coin values including Canadian silver coins.

Table based on September 28, 2014 live precious metal prices:
Silver $17.54/oz  -0.10

Description   Denomination   Silver Value   Silver % of Denomination
Silver War Nickel Value   1942-1945 Nickel **   
$0.05
$.9868   
1973.73%
1916 Mercury Silver Dime Value   1916-1945 Mercury Dime   
$0.10
$1.2688   
1268.82%
1964 Silver Roosevelt Dime Value   1946-1964 Roosevelt Dime   
$0.10
$1.2688   
1268.82%
Liberty Silver Quarter Value   1916-1930 Standing Liberty Quarter   
$0.25
$3.1720   
1268.82%
1964 Silver Quarter Value   1932-1964 Quarter   
$0.25
$3.1720   
1268.82%
1947 Silver Walking Liberty Half Dollar Value   1916-1947 Half Dollar   
$0.50
$6.3441   
1268.82%
1962 Silver Franklin Half Dollar   1948-1963 Half Dollar   
$0.50
$6.3441   
1268.82%
JFK silver half dollar   1964 Kennedy Half Dollar   
$0.50
$6.3441   
1268.82%
40% JFK silver half dollar   1965-1970 Half Dollar (40% silver)   
$0.50
$2.5940   
518.81%
Morgan Silver Dollar   1878-1921 Morgan Dollar   
$1.00
$13.5663   
1356.63%
Peace Silver Dollar   1921-1935 Peace Dollar   
$1.00
$13.5663   
1356.63%
Silver Ike dollar   1971-1976 Eisenhower Dollar (40% silver) **   
$1.00
$5.5467   
554.67%
Silver Eagle   1986-2013 Silver Eagle (.999 Silver)   
$1.00
$17.5224   
1752.21%


United States Circulated Gold Coinage Intrinsic Value Table
Gold coin values below are based on the live bid price at the CME. These coins were in standard circulation until gold was removed from all circulating coinage in 1933. The values below only reflect the gold value, not rarity or numismatic value. All values shown in USD.

Coin value calculations use the 5:40 PM PDT gold price for September 28, 2014:
Gold $1217.50/oz  -1.70

Description   Face Value   Gold Value
Liberty Gold Dollar Type 1   1849-1854 Liberty Gold Dollar Type 1   $1.00   $58.89
Liberty Gold Dollar Type 2   1854-1856 Liberty Gold Dollar Type 2   $1.00   $58.89
Liberty Gold Dollar Type 3   1856-1889 Liberty Gold Dollar Type 3   $1.00   $58.89
Liberty Quarter Eagle   1840-1907 Liberty Quarter Eagle   $2.50   $147.24
Indian Quarter Eagle   1908-1929 Indian Quarter Eagle   $2.50   $147.24
Liberty Half Eagle   1839-1908 Liberty Half Eagle   $5.00   $294.47
Indian Half Eagle   1839-1908 Indian Half Eagle   $5.00   $294.47
Liberty Eagle   1838-1907 Liberty Eagle   $10.00   $588.96
Indian Eagle   1907-1933 Indian Eagle   $10.00   $588.96
Liberty Double Eagle   1849-1907 Liberty Double Eagle   $20.00   $1177.93
Saint Gaudens Double Eagle   1907-1933 Saint Gaudens Double Eagle   $20.00   $1177.93

Offline cufflinks

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Re: Buying Gold to hedge against inflation
« Reply #1145 on: October 31, 2014, 10:08:21 AM »
Holy Silver Collapse Batman:

Today at 1PM on Friday 10/31/2014 Halloween day the market trick is the collapse of silver...

A very wise investor I know thinks silver will drop all the way to $7.00 USD per troy ounce - I will be paying attention for purchase of additional silver (.999 Fine One Ounce Silver Eagle modern US Dollar coins quite popular as the coins are among the best Silver value to Numismatic value ratio coins on the market...

Silver was bouncing around $17.40 last week and dropped all the way to $16.05 today.

Gold is likely to drop to less that $1,000/Troy Oz than hit $5,000 like many of the gold bugs were predicting just 3 short years ago.

Gold, silver tumble on strong U.S. growth data, Fed view
Reuters
 
By Frank Tang and Jan Harvey

Related Stories

Gold hits six-week high on concerns over slowing growth Reuters
Gold near 3-week low after Fed optimism over U.S. economy Reuters
Gold dips from six-week peak as dollar firms, physical demand eases Reuters
FOREX-Dollar stands tall after Fed's optimistic economic view Reuters
Gold set for weekly loss on dollar, strong data Reuters

NEW YORK/LONDON (Reuters) - Gold dipped below $1,200 an ounce on Thursday and silver plunged 4 percent to its lowest since March 2010, a day after the U.S. Federal Reserve gave upbeat comments about economic growth and ended its year-long bond-buying stimulus program.

Unexpectedly strong third-quarter U.S. economic growth data on Thursday, coupled with the Fed policy statement which suggested the U.S. central bank could hike interest rates sooner than expected, lifted the dollar index. [FRX/]

Also weighing down on the precious metal complex was data showing weak price pressure in Germany and Spain. Muted inflation readings gave the European Central Bank some grounds to hold off more economic stimulus. [ID:nL5N0SP4BA]

Analysts said that expectations of a sooner-than-expected interest rate hike and a subsequent a dollar rally could further pressure gold prices.

"Our sense is that there are still obviously more adjustments still to come in terms of (higher) real rates and the dollar, and we do feel that gold will be breaking those lows," said Michael Lewis, head of commodity research at Deutsche Bank.

Spot gold (XAU=) fell as low as $1,195.70 an ounce, which marked a three-week low. It was last down 1.2 percent to $1,197.40 an ounce by 11:25 p.m. (1525 GMT).

U.S. COMEX December gold futures (GCZ4) were down $27.90 at $1,197.

U.S. interest rate futures shifted to show better-than-even chances of a rate rise next September. Previously, they had indicated a rise in October.

That dented interest in gold, which as a non-yielding asset tends to benefit from ultra-low rates.

The U.S. central bank largely dismissed financial market volatility, a slowdown in Europe and a weak inflation outlook as factors that might limit progress towards its unemployment and inflation goals. [ID:nL1N0SO24I]

Commerce Department data showed a smaller trade deficit and a surge in defense spending buoyed U.S. growth in the third quarter, though other details of Thursday's report hinted at some loss of momentum. [ID:nLNNULEA31]

Silver (XAG=) was down 4.1 percent at $16.35 an ounce, having earlier hit its lowest since March 2010 at $16.30.

COMEX options floor trader Jonathan Jossen said investors sold silver on heavy losses in copper and technical selling after it broke below key support near $16.80, near its recent low from earlier this month.

Spot platinum (XPT=) fell 1.5 percent to $1,235.25 an ounce, while spot palladium (XPD=) dropped 1.9 percent to $774.75 an ounce.

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Re: Buying Gold to hedge against inflation
« Reply #1146 on: October 31, 2014, 10:17:54 AM »
Futures Crashing since this summer:

Symbol   Name   Last Trade   Change   Related Info

HGX14.CMX   Copper Nov 14   3.06
12:02PM EDT
Down 0.01 (0.37%)   

ZGQ14.CBT   Gold 100 oz. Aug 14   1,319.40
Jun 27
Up 2.30(0.17%)   

GCX14.CMX   Gold Nov 14   1,168.30
12:48PM EDT
Down 29.80 (2.49%)   

PAZ14.NYM   Palladium Dec 14   789.75
12:42PM EDT
Up 9.05 (1.16%)

PLX14.NYM   Platinum Nov 14   1,227.00
10:42AM EDT
Down 19.90 (1.60%)

ZIN14.CBT   Silver 5000 oz. Jul 14   21.00
Jun 27
Down 0.11 (0.51%)

SIX14.CMX   Silver Nov 14   15.88
12:04PM EDT
Down 0.51 (3.12%)

Online shakespear

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Re: Buying Gold to hedge against inflation
« Reply #1147 on: July 21, 2015, 03:50:37 PM »
For those of you who advocated a huge rush to gold in your investment portfolio -

Gold today hit the lowest price since 2010 - 
"If you obey all the rules, you miss all the fun" - Katharine Hepburn

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Re: Buying Gold to hedge against inflation
« Reply #1148 on: July 21, 2015, 04:01:43 PM »
For those of you who advocated a huge rush to gold in your investment portfolio -

Gold today hit the lowest price since 2010 -

Not that I did, or would have done, but there seems to have been something odd going on during Sunday night.
Commentary here: http://www.zerohedge.com/news/2015-07-21/gold-hammered-down-sunday-night%E2%80%99s-2-minute-27-billion-%E2%80%9Cunprecedented-attack%E2%80%9D

There's been a pattern of hinky trading in recent months, not just in gold. This seems to be just another manipulation which has the effect of leading to aftershocks.
...everything ends always well; if it’s still bad, then it’s not the end!

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Re: Buying Gold to hedge against inflation
« Reply #1149 on: July 21, 2015, 04:41:28 PM »
For those of you who advocated a huge rush to gold in your investment portfolio -

Gold today hit the lowest price since 2010 -
Yup, China just sold a load if gold, I believe.
All I know is that Moby knows nothing - Plato.
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