Top reasons why Gold is tanking/tanked?

are we talking silver or gold here?

beeb

300,000 Tons of Gold and other treasures

This gold find in the 1940's would have crushed the value of monetary gold around the world, per Weir. Because the US Government was the largest holder of monetary gold, it would have significantly devalued the US monetary reserves if made public . Too, its revelation would allow claims from certain Asian countries that the gold belonged to them. This would upset the balance of power and wealth in the region.

http://www.marketoracle.co.uk/Article8813.html

The latest high was appx 1478 where did gold tank?


Stop trading tick and M1 and open your eyes.

chum - very little credence is given to unsupported assertions in the real world......can you supply evidence or technical analysis to back this up?



beeb

very interesting, but without supporting evidence it is mere assertion and is about as much use as a chocolate teapot.....



beeb

Gold is known as a last result when all the market shows
red screen, also known as a "bear market". Its seems that within the last
decade gold has displayed strength against the financial Crisis in 2000
when the gold was at $300/ounce and in 2008 with the sub-
prime collapse when it was on $1000/ounce.

It seems the safest investment is within the gold and start to play a significant role by dealers like a sole currency. Why it's so? Gold is tangible; psychologically, traders view gold as something real enough to hold onto as compared with other currencies or commodities. Another reason is, if the dollar continues to weaken as it appears now, there is no reason to stop at $1500 per ounce.
Therefore, it seems like the safest investment are within the gold, but what
if the Federal Reserve would restrict Nominal income to the gold or
if The EU recovers from Deficit of Greece and Spain, Will gold continue to
reach its peak?

Sorry - could you explain what it is that you are stating or asking....

beeb

Most people comments are bearish. How can you not be bullish? People do not see the trend until its over. Gold been in a bull run since 250 in 1999. All currency across every nation is now losing value and is totally fooked.

There are several reasons why gold has declined in its ranking in the last few years. One reason can be attributed to the progress of technology; this increases the demand for gold in order to produce electronic devices and chips. Additionally, experts estimate that more than 50 percent of world's gold inventories are already used. The combination of these two elements makes the gold's price to rise.
Another aspect of reasoning is psychological. Finance markets have suffered from extreme crisis during the past 3 years, and investors looked for solid investments when stocks are shocking. They have found this kind of investment in commodities and especially in gold, because the believed that it was a safer investment. Obviously, it is no safer than putting your money in stocks.
Hope this was helpful. Happy Trading
Sam

Hope everyone is ready for the new reserve currency, the Bancor and the wealth transfer that will take place along with it. It is refreshing to see the average person is as well informed about monetary history as people were in the past, when there paper became worthless paper overnight. Gold just keeps going, 6000 years of value, who owns the Gold makes the ...........