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Gold, what is it telling us?

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john
17 Dec 2008
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Posted Tue 23 Nov 2010 15:24

continued...

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Firefly_au
30 Mar 2009
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Posted Tue 23 Nov 2010 20:04
Hi All:)

Well this is different he he :)

All the treads and posts are gone and we start from scratch:)

I hope this work well as I already like the new posting window :)

Cheers:)
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Jazinger
08 Oct 2008
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Posted Tue 23 Nov 2010 20:42
So much for freedom of speech. Here we go again.
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Stuart
18 Mar 2010
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Posted Tue 23 Nov 2010 22:13
 
Hi stewy here anyone holding onto Gold for investment should be pleased with the slower global growth due to the debt crisis in Europe and now north and south korea are virtually at war!!!!! it can only mean that the Bull Run for Gold is far from over!!! i think its only just begun!!! bring it on i say!!!!
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spike
07 Sep 2009
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Posted Tue 23 Nov 2010 22:53
wow where have all the posts gone?
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Rossnhoj

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Posted Wed 24 Nov 2010 09:54

KEEP DIGGING BOYS  contracts- paper -pen all going down the gurgular--THE SWORD IS GREATER THAN THE PEN.
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tub...

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Posted Wed 24 Nov 2010 11:18

This forum is Gold. .......Boooyah!

dodgey will like this  

Or maybe not...

i wonder how many posts we can make in a minuite

Anyone want a scrap..?

no one..? 

someone call me a cnut.......?..
12
tub...

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Posted Wed 24 Nov 2010 11:21

http://www.youtube.com/watch?v=byEGjLU2egA
01
Bobby Green
05 Oct 2010
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Posted Thu 25 Nov 2010 07:23
Well, here's my humble assessment of the big trends that Gold is telling us about.
Definitely Gold will hold its value for a number of reasons.
Prechter reckons GOld doesn't in a deflation scenario, but he does advise to keep some also. 
The US is definitely deflating and will continue to do so.
It has lost its Gold standard - to which any sovereign currency must aspire to. The US is using pensioners and Super funds as their new standard - and printing QE2 etc... so their US dollar will continue to fall. Having Super and GST outside of USA to inflate foreign currencies without allowing foreign printing is clever, but it won't cut it in the long term with the loss of Gold.
China looks set to prosper as it aspires to the gold standard- for its currency and it has a youthful and abundant population which can dig  for more gold, as well as develop innovative technologies, which will be supported by their real gold valued currency. Next Oil..
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Bobby Green
05 Oct 2010
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Posted Thu 25 Nov 2010 07:31
What about Oil... This is not rising , due to alternative fuels , biodiesel corn oil etc...
So we can establish the trend that USA UK EU Australia are tied to petrol based technology , and their economies will be static , not developing further , as their economies deflate - associated with pension based financing and necessary QE,.. printing cash etc..and declining populations.
China is set to develop further , if it obtains more Gold, and develops technologies supported by a real currency.
What should Australia do. Collect tax and convert it to Gold.
and Nothing else, similar to what John Howard did really, but this time , keep the value in Gold as USand EU , fall away and deflate. With this approach Australia has a chance to have an economy that is aligned with China's developing and stronger population able to dig for Gold, and develop new technologies and maintain a larger productive population. 
This is becoming a population/tech/econ. scenario
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john
17 Dec 2008
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Posted Thu 25 Nov 2010 11:40

glh40, are you still around?
02
john
17 Dec 2008
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Posted Thu 25 Nov 2010 11:41

glh40, are you still around?
02
Bobby Green
05 Oct 2010
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Posted Thu 25 Nov 2010 14:20
Can someone calculate how much real money value Australia would have now if John Howard and Treasury had bought Gold with the how many Billions of Australian dollars revenue they had collected, when they had a surplus?... if it hadn't lost its cash  value and wasn't thrown away as a result, following the GST, in 2008/9... if it was still there.
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Stuart
18 Mar 2010
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Posted Fri 26 Nov 2010 06:27
 HI mr bobby green in relation to your question i just looked up the Gold price history charts and Gold in 2008 was only roughly averaging around $800 an ounce then compared with just over $1400 an ounce today so working on that its price has jumped an incredible 80% in the last 2 years!!!! so if they had have invested all them billions of dollars into Gold one would be safe to say they would have easily nearly doubled their investment in 2 years!!!! now anyone out there tell me an investment that gives a return like that? keep investing in Gold and may all your years be GOLEN YEARS!!!!!! regards from stewy ps i hope this information helps you Bobby!!!!!
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Toby
08 Aug 2009
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Posted Sat 27 Nov 2010 15:35

I'd put the possible neckilne around 1330.


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Toby
08 Aug 2009
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Posted Sat 27 Nov 2010 18:15
I think around 70% of gold demand is for jewelry.  In markets such as India and Middle East jewelry is sold by weight at the prevailing daily rate with a supplementary "making charge" which varies according to the complexity of the piece.

Gold is worth whatever people are willing to pay for it.



(and I also called a short term top at US$1424.4 when the Gold/Silver ratio came back to 50:1 as their was negative divergence happening on the gold chart and if this Head and Shoulder pattern fruit cake mentioned plays out, It wouldn't surprise me to see the price come back to around the US$1260 support.)
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Road Runner

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Posted Sun 28 Nov 2010 02:02
Anyway fruitcake, thanks for bringing that potential Head & Shoulder formation to our attention.
You seem like one top chartist to me.
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JASON
04 Apr 2009
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Posted Sun 28 Nov 2010 18:08

http://euro-med.dk/?p=13504

A good read on gold (unsure of the trustworthyness of the source, but a good read)
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JASON
04 Apr 2009
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Posted Sun 28 Nov 2010 18:11

I still think there will be a time when countries with unpayable large debt will have to hand over their gold to pay it off, such as ireland & USA etc just not sure when.
It will be when China has greater power than the alliance of western countries.(so some time yet)
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