Blood curdling doom on the Stock Market

[Mich the Tester]

When you say "we"....Explain why you sold Britain's gold, Gordon Brown told - Telegraph

He should be jailed for that IMHO.

tied to a rally car and dragged naked over a potholed Scots mountain pass

[AtW]

Although I do agree with you there, even if they recover to 1/5th of their previous market high then I make a nice profit

Ok, so you'll make a few quid, probably enough to go to a restaurant and you'd pay more. Why bother when you earn so much in a day? And that's in best case scenario, in worst you'd spend valueable time checking when stock market crashed even though you'd got a few quid in it.

If you want to punt a few quid then use BetFair, at least your expectations will be set right.

[Jog On]

Do you guys know how to go short?

[craig1]

Ok, so you'll make a few quid, probably enough to go to a restaurant and you'd pay more. Why bother when you earn so much in a day? And that's in best case scenario, in worst you'd spend valueable time checking when stock market crashed even though you'd got a few quid in it.

If you want to punt a few quid then use BetFair, at least your expectations will be set right.

Because it's a legitimate investment at the risky end of my investment scale. Also, if it recovers its share price to its 2007 high then my money will have gone up by about 1300%. Far better than the poxy interest I'm getting from my savings account.

[Churchill]

Now might be the time for some people to move out of Gold and into platinum now that they're almost at parity...

[Mich the Tester]

Now might be the time for some people to have a nice cup of tea and stop screwing up the whole world's finances...

ftfy

[DimPrawn]

Now might be the time for some people to move out of Gold and into platinum now that they're almost at parity...

Apart from a few hundred gold sovereigns in a box at home, I ain't got no gold, sold it all awaiting a big crash which will drag gold down with it.

Those coins are for swapping for food in a Mad Max scenario.

[Churchill]

ftfy

You're probably correct.

[Churchill]

I ain't got no gold, I'm just a bullsh!t merchant.

But you all knew that anyway.

Ftfy.

[AtW]

Because it's a legitimate investment at the risky end of my investment scale. Also, if it recovers its share price to its 2007 high then my money will have gone up by about 1300%. Far better than the poxy interest I'm getting from my savings account.

It might not reach that high for next 20 years.

What you need to ask yourself is why the heck would shares in something that dropped 13 times down would even retain their current value, why not drop a LOT further to be practically worthless?

Retail divisions of most banks don't generate that much profit, even if they increase prices it will never be as super profitable as those casino deals they made ... so long as they worked out.

A lot of people with money moved cash into commodities to save themselves from effective devaluations which was so clearly manifested by ... ever raising commodity prices! Now the same people who went into oil when it was $125 will now be sitting on 15-20% loss:



Most probably still holding up expecting prices to go back up, but their memory is very short due to greed:



Gold might still retain high peaks because it's more like money (unlike oil) and too many cretins believe in it.

HTH