Gold

[AtW]

Why do you have to be so offensive? Did mummy not give you enough cuddles or did daddy give you the wrong type of cuddles?

He's a font of misplaced rage. Name your cliché; Mother held him too much or not enough, last picked at kickball, late night sneaky uncle, whatever. Now he's so angry moments of levity actually cause him pain; gives him headaches. Happiness, for that gentleman, hurts.

HTH

[Jog On]

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.

I'm afraid the 'financial professional' industry is as stuck up and pleased with itself as ever. I'm sick of having to sit around them all day with their snooty dirty looks and "we are the beautiful ones" attitude.

I'm just here for the money, so I can use it to take their money mwuhahahahahaha!!!

[TimberWolf]

He's a font of misplaced rage. Name your cliché; Mother held him too much or not enough, last picked at kickball, late night sneaky uncle, whatever. Now he's so angry moments of levity actually cause him pain; gives him headaches. Happiness, for that gentleman, hurts.

HTH

Eh . That doesn't sound like AtW, and it's well before your getting up time.

[Churchill]

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?

The people buying Gold now are not in search of a safe haven - the price is too high for that - they're speculators looking to get on the bandwaggon. Once the number of people buying Gold drops as drop it will the price will go through the floor.

Just a theory you understand.

[DimPrawn]

The people buying Gold now are not in search of a safe haven - the price is too high for that - they're speculators looking to get on the bandwaggon. Once the number of people buying Gold drops as drop it will the price will go through the floor.

Just a theory you understand.

I disagree. Last time we had big falls in the stock market, and a recession (official), US and UK responded with money printing, destroying the value of money. EU may yet follow suit. In this environment of destroying debt by destroying money, what price to own something of lasting value?


Just a theory you understand.

[TimberWolf]

I disagree. Last time we had big falls in the stock market, and a recession (official), US and UK responded with money printing, destroying the value of money. EU may yet follow suit. In this environment of destroying debt by destroying money, what price to own something of lasting value?


Just a theory you understand.

How fast did gold drop last time there was a bubble? Is a half-life hours, days, or week or more?

[Jog On]

The people buying Gold now are not in search of a safe haven - the price is too high for that - they're speculators looking to get on the bandwaggon. Once the number of people buying Gold drops as drop it will the price will go through the floor.

Just a theory you understand.

I'm sure it is overvalued but that doesn't mean it will drop any time soon. However when it does I'm sure it will drop hard and fast just like the Euro/shares etc on a bad day.. Until it does I'll stay in and keep adding positions and moving my stop loss to lock in more profits.

Things are so unsure at the moment with the Euro mess, the US losing it's safe haven status, the Swiss and Japanese central banks taking whatever measures they can to weaken their currencies while people are piling into them...

Gold is the only sure safe haven people seem to have in these highly volatile and uncertain times. Yes it's massively overvalued but I wouldn't go picking tops and trend reversals just get. There are a few fat ladies in Europe and the US yet to start singing..

Just my outlook... I'm long gold with stops in place to lock in profits

[Churchill]

I'm sure it is overvalued but that doesn't mean it will drop any time soon. However when it does I'm sure it will drop hard and fast just like the Euro/shares etc on a bad day.. Until it does I'll stay in and keep adding positions and moving my stop loss to lock in more profits.

Things are so unsure at the moment with the Euro mess, the US losing it's safe haven status, the Swiss and Japanese central banks taking whatever measures they can to weaken their currencies while people are piling into them...

Gold is the only sure safe haven people seem to have in these highly volatile and uncertain times. Yes it's massively overvalued but I wouldn't go picking tops and trend reversals just get. There are a few fat ladies in Europe and the US yet to start singing..

Just my outlook... I'm long gold with stops in place to lock in profits

Good for you. You know what you're doing, I've a feeling that there are a lot of people who are currently buying that haven't got the relevant safeguards in place.

It'll end in tears for most.

Oi DimPrawn, you're sounding more and more like a panicking sheep in a field all alone with AtW.

[Mich the Tester]

Actually I think all this chaos is going to lead to a nasty combination of nationalism and socialism as electorates start to demand heavy handed regulation of financial services and protection of national economies. Not what I want to see, but I think it's going to happen before long.

[TimberWolf]

Thank goodness the Chinese didn't insist on debts being paid back in so many kilograms of gold (whatever the weight would have been at the time of the loan), but just in fiat money. We would have been well screwed.