but most of ur posts , I don't really know what u are trying to say .
cut things short and come straight to the point .
GoldenEuro Cross (XAU/EUR) GoldenAussi Cross (XAU/AUD) 51 replies
Gold futures & XAU 77 replies
Daytrade - XAU/USD & XAG/USD 14 replies
XAU/JPY & XAG/JPY 13 replies
Successful XAU/USD traders 7 replies
Disliked{quote} They mined (or more likely leased/licensed) those mines for five years then sold them off rather than worry about what are likely diminishing returns. Have you never sold off a successful rental property? Certainly the lower price of gold could be a factor, but there's nothing about the sale to suggest that the price of gold is going lower.Ignored
Disliked{quote} no offence intended , but most of ur posts , I don't really know what u are trying to say . cut things short and come straight to the point .Ignored
Disliked{quote} they mined and sold the 3 mines which produced 1/3rd of their total production in that country the previous year. I have a lot of questions when someone sells 5 gold mines in 2 months, sounds like a plan, but we cannot know for sure.Ignored
Disliked{quote} I agree, and I'm not sure those who stockpile gold because they believe the FIAT system will fail have really thought it all the way through. Gold and silver only have value so long as currency has value. In a global financial collapse scenario precious metals will be relatively worthless; however, they do make sense in the case of a single currency collapse where the rest of the world is still financially standing.Ignored
Disliked{quote} can we move the no.1 wave on the current bear wave from 1430 to the no.3 .. that way the fibo. nos. would matchIgnored
Disliked{quote} I think it depends on the type of financial collapse. And I definitely don't agree about gold only having value as long as paper currency has value. If by some miracle the printers fail and we have a deflationary collapse there may not be an advantage in holding gold, but if there's a hyperinflation global or not people and companies will still be earning money part of which they may want to park in something that doesn't drop in value 100% each day. It seems some people have the idea that once you get a financial collapse we all go back...Ignored
DislikedCentral banks have been buying while the price has dropped. 'Splain that?Ignored
Disliked{quote} there will always be a market for gold as long as there are human beings. Financial collapse+nuclear disaster can deprive gold of its entire value. I believe that gold reached these levels only due to central banks intervention magnified by large financial institutions. Conformity in the way we trade also helps these people a lot to plan and design the extent of market reaction.Ignored
DislikedWhat technical details. CB's are notorious for bad timing when it comes to buying and selling Gold. BTW Goldman and other big firms don't always get it right too - even when they try misdirection. But if it makes you happy run with it.Ignored
Disliked{quote} I don't think you are the kind of person who believes Bernanke when he says he doesn't understand gold prices or take each Goldman's word as the Bible. They control the dynamics of our economy. They are above the law and can buy or sell more than any other player. That's a fact.Ignored