Gold

[DimPrawn]

After selling his gold stash, DimPrawn must be gnashing his teeth in frustration.

[Churchill]

There are quite a few people on here who clearly have no clue about finance whatsoever but pitch in with the most obtuse remarks and then give us the "what I would do if I were in charge" story like a fat man watching the football telling Wayne Rooney he can't play football.

Comes a time you just have to let people know they don't know anything.

Why? Where's your evidence that you have it sussed out any better than anyone else.

Anyone can churp up with "You're talking sh!te!", or "You haven't got a clue", and "You're a cretin!".

Tell us what's really going on and why and given your experience how would you fix things.

In other words, put up or shut up.

[minestrone]

Why? Where's your evidence that you have it sussed out any better than anyone else.

Anyone can churp up with "You're talking sh!te!", or "You haven't got a clue", and "You're a cretin!".

Tell us what's really going on and why and given your experience how would you fix things.

In other words, put up or shut up.

I am too busy working in the finance industry today to educate you on subjects quite clearly above your intelligence.

[TimberWolf]

Gold Bullion prices soared to a new record high of $1826 per ounce by about 10am EST on Thursday, before falling back off a bit in the last few hours of trade, but they still ended with a gain of 1.64%. The spot market Gold Bullion price was up to $1866 shortly before 9am London time.

The Gold Price in Euros also jumped to a new record high above €1271 per ounce.

Silver Bullion prices climbed to as high as $40.858 and ended with a gain of 0.87%.

Silver and Gold Mining stocks fell throughout most of trade and ended with about 2% losses.
Gold Bullion Hits $1866, Stocks Hammered | Gold News

Gold up and gold mining stocks down. Maybe AtW could explain that one.

[Churchill]

I am too busy working in the finance industry today to educate you on subjects quite clearly above your intelligence.

Thought so.

[Churchill]

Gold up and gold mining stocks down. Maybe AtW could explain that one.

My suggestion would be that mining and processing the stuff takes time and costs money. Given that the bubble is about to burst I would suggest that any future Gold produced won't be anywhere near as valuable as the current stock as of 10:32 19/08/2011

Just a guess.

[Jog On]

There are quite a few people on here who clearly have no clue about finance whatsoever but pitch in with the most obtuse remarks and then give us the "what I would do if I were in charge" story like a fat man watching the football telling Wayne Rooney he can't play football.

Comes a time you just have to let people know they don't know anything.

I've discovered that no matter how much arguing I do on the internet or however wrong I am about something and however right someone else thinks they are it doesn't make the blindest bit of difference to how much I make from the markets.

People just love to sound off about this stuff, however I've noticed that the people who actually do really well tend to just quietly get on with it. I'm working on getting into this camp but my ego is putting up quite a fight

[TimberWolf]

My suggestion would be that mining and processing the stuff takes time and costs money. Given that the bubble is about to burst I would suggest that any future Gold produced won't be anywhere near as valuable as the current stock as of 10:32 19/08/2011

Just a guess.

We'll see. My speculation was edging more toward that of stocks of all sorts being overpriced, including gold stocks.

[Jog On]

My suggestion would be that mining and processing the stuff takes time and costs money. Given that the bubble is about to burst I would suggest that any future Gold produced won't be anywhere near as valuable as the current stock as of 10:32 19/08/2011

Just a guess.

How do you know it's going to burst any time soon? This Euro/US crap is only really starting to take hold.. Yeah they'll try and kick the can some more and keep playing smoke and mirrors but the market knows the real story. For gold to stop trending up we would need some global financial stability - any of that around?

[Mich the Tester]

I am too busy working in the finance industry today to educate you on subjects quite clearly above your intelligence.

Now then Mr Minestrone, I often enjoy your postings and I think you're actually quite an intelligent fellow below the occasionally pugnacious surface. However, given the financial chaos of the past 5 years that has seen many people's pensions destroyed, many people's businesses reduced to rubble and many people's jobs lost, do you not think it would be more helpful if those in the financial services business were to show just a modicum of humility and open themselves to learning from other people who have taken the trouble to learn a profession or trade?

As I say, I am skeptical about the 'expertise' of those in a business which would appear to have comprehensively bolloxed everything up so badly.