Gold price drops

[lukemg]

What GB9 says.
Gold is a strange one, no divi's, no increase in earnings, always waiting for the greater fool.
And yet, permanent portfolio is quite convincing (google it)
And yet warren buffets view on gold is quite convincing(google it).
A bit like housing in 2007,I would like to join the charge but I know I am the last man in who always gets screwed when the bubble bursts.
Still think Gold is over-priced but I am tempted to take a small etf position for portfolio stability (its a good balance for equities) and then see how it goes over the next year, adding as I see fit.
oh - just bought some Rio Tinto to get some mining diversity, fingers crossed on China.....
Good luck all...

[bobspud]

There was a rumour kicking around that George Soros was shorting gold by quite a margin....

He does not often get it wrong.

[DimPrawn]

What to see what DimPrawn advises..... and do the opposite

WHS.

I'm a millionaire now through my cunning investments over the years....





...It's just a pity I started off as a billionaire.

[istvan]

There was a rumour kicking around that George Soros was shorting gold by quite a margin....

He does not often get it wrong.

No, but for him a billion dollar loss is not to be worried about too much... It happened to him in the past and he is still OK.

[Jog On]

Still think Gold is over-priced but I am tempted to take a small etf position for portfolio stability (its a good balance for equities) and then see how it goes over the next year, adding as I see fit.
oh - just bought some Rio Tinto to get some mining diversity, fingers crossed on China.....
Good luck all...

I'm watching gold mining stocks as well - just watching...

Why The Gold Bear Attack Crash Really Happened - Mike Swanson (04/16/2013) | WallStreetWindow.com

There was a rumour kicking around that George Soros was shorting gold by quite a margin....

He does not often get it wrong.

Was another rumor that he'd popped his clogs as well:

Soros obituary published in error; financier is alive | Reuters

Could be more downside to come, charts aren't looking like a big trend change just yet.. Just my 2c

[BlasterBates]

Buy gold mine shares.

Most have them dropped considerably

The thing about a gold mine is, that it will never go bankrupt !!!

[doodab]

He does not often get it wrong.

He probably gets it wrong more often than he gets it right. The difference is that when he's right he wins a lot more than he ever loses when he's wrong.

[DimPrawn]

Buy gold mine shares.

Most have them dropped considerably

The thing about a gold mine is, that it will never go bankrupt !!!

Except most are in debt to finance the operation and if the gold price drops too low, it costs more to mine than it makes on the gold market.

Good luck.

The price of gold is being manipulated down to make equities and bonds look attractive, which is where they want all the printed money to go.

[petergriffin]

If you treat Gold as an investment, I'd wait another 6 months and see what happens.

If you consider it money, just buy regardless of the price. In the event of a bank run Gold will be always worth something. Make sure you buy physical and store it in Switzerland, though.

[BlasterBates]

Gold Bears Defy Rally as Goldman Closes Short Wager: Commodities - Bloomberg

It´s back on......