Reply to: Gold price drops

[DimPrawn]

I NEED it cos it's SHINY

[AtW]

No, I'll buy it for whatever reason I fooking well want.

Then do it quietly!

[OwlHoot]

Look, it's like this - if you NEED gold then buy it and use it for whatever you really need it, and if you don't then don't fooking buy it, ok?

I NEED gold as a hedge against inflation. So I'll buy lots of it. Thanks for the tip!

[Bunk]

Look, it's like this - if you NEED gold then buy it and use it for whatever you really need it, and if you don't then don't fooking buy it, ok?

No, I'll buy it for whatever reason I fooking well want.

[AtW]

Look, it's like this - if you NEED gold then buy it and use it for whatever you really need it, and if you don't then don't fooking buy it, ok?

[BlasterBates]

Has a Nick Leeson feel to it....

[Paddy]

This is exactly as Max Keizer predicted. The artificial push to lower the price of paper gold would be outweighed by people buying hard gold.

[BlasterBates]

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

It´s back on......

[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.

[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.

[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.

[BlasterBates]

Buy gold mine shares.

Most have them dropped considerably

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

[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

[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.

[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.