Reply to: Shiny Metal Bubble ?

[DiscoStu]

Certain. Certain we are fooked.

You mean you don't trust Prudence Brown?

[DimPrawn]

And times right now are certain or uncertain?

Certain. Certain we are fooked.

[Scary]

Gold is a safe haven in times of uncertainty - but not the best investment otherwise.

And times right now are certain or uncertain?

[sasguru]

Gold is a safe haven in times of uncertainty - but not the best investment otherwise.

[DimPrawn]

I wish it were true. Can someone please explain the 1980 peak to me, as anything other than speculation?

American economy was facing huge inflation at that time and Russia had just invaded Afghanistan and assasinated the president there sparking fears of a new Cold War.

[Julius Caesar]

People need to stop thinking about gold as gold and think of it as what it is, another currency. One that no single government controls and no one can print more of it.

It just happens to be gold as gold is relatively scarce, cannot easily be made artificially, takes time and money to "mint" and does not degrade.

Humans need a currency to represent wealth and buying power that is not subject to "quantitative easing".

Gold doesn't go up, paper money goes down.

I wish it were true. Can someone please explain the 1980 peak to me, as anything other than speculation?

[HairyArsedBloke]

Don't you just love the comments?

Young yogesh is classic.


Mmmmmmmmm. I smell a Plan B for some one - sell instructions on how to make gold to the Bob's.

[TimberWolf]

Looks like the Pound is taking another pounding today, even against other fiat rapidly inflating currencies.

[Moscow Mule]

Indeed, that's why I am wearing a 4 kg chunky gold chain round my neck.

???

[DimPrawn]

And remember, paper gold is not gold.

Indeed, that's why I am wearing a 4 kg chunky gold chain round my neck.

[Scary]

And remember, paper gold is not gold.

[DimPrawn]

thank you DP

Milan.

You're welcome.

[milanbenes]

thank you DP

Milan.

[DimPrawn]

People need to stop thinking about gold as gold and think of it as what it is, another currency. One that no single government controls and no one can print more of it.

It just happens to be gold as gold is relatively scarce, cannot easily be made artificially, takes time and money to "mint" and does not degrade.

Humans need a currency to represent wealth and buying power that is not subject to "quantitative easing".

Gold doesn't go up, paper money goes down.

[Xenophon]

There is gold in that...erm...err...gold...