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Gold Price Discussion
Scorpio  
Posted : Friday, 4 January 2013 4:29:17 PM(UTC)
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Was hoping someone would of brought it up but since i cant see a topic yet i thought id get something going on the current gold price....
Anyone notice over the last couple months it keeps dropping gone from nearly reaching $70 a gram NZD to nearly $63 a gram NZD now. However the US us holding there price a bit better as when we were at $69 a gram NZD they were at $55.50 a gram USD now were at $63 a gram NZD and the USD is $53 a gram. although the NZD keeps getting stronger against the USD so that's playing a part but although the overall price of gold seems to slowly be falling... Im guessing its going to come back soon and keep going up again :)

What you guys think about the gold price?

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DrunkBrother  
Posted : Friday, 4 January 2013 5:14:26 PM(UTC)
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IT a bubble mate,
as there is no gold standard currency anywhere in the world, wall street and the like will manupulate the gold price anyway they want.


*2014*Rings PlT/PD=0 GOLD=30 STG=53 Junk=46
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oroplata  
Posted : Friday, 4 January 2013 11:30:50 PM(UTC)
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I agre on the manipulation but I don't agree it's in a bubble. I think gold and silver about the only things NOT in a bubble.

They are manipulating it to try to keep a lid on the status quo. The global financial system is soaked in fraud and the continuance of that fraud (by governments and large banks) is the only thing stopping the whole system from collapsing.

When they finally run out of tricks in their bag, gold and silver will explode as all the fiat currencies will implode. You see sudden drops in the gold and silver price and then gradual recoveries - that is when governments like China and India step in and buy buy buy!
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NUGGY  
Posted : Saturday, 5 January 2013 11:00:33 AM(UTC)
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Many commodities seem to cycle from boom to bust, it's just hard to know when things have reached the top or bottom of the cycle. Everything that is being said now about gold going to rise further I remember being said in the 1980's.
Some things like flax, and kauri gum never seem to recover, or take a very long time to do so. While metals, and often other things seem to generally trend up over time, with peaks that excite new activity and attract new investment. Followed usually by troughs where these new investors bail out like lemmings, thereby making the drop worse than it otherwise would have been, as they dump their investments onto the falling market.
I have seen possum skins, spagnum moss, live deer/goats and a few other things go through these cycles, and some have never regained the lost ground, while others have stayed at a constant price for 20 or more years, while inflation makes the profit margins shrink to nothing.
The price of gold/silver should be a simple calculation involving supply and demand, but because it is held in large quantities by governments and multinational investors, the price is subject to manipulation by them withholding gold/silver, or dumping large amounts onto the market to suit their own needs.

Nuggy

Edited by user Saturday, 5 January 2013 11:01:28 AM(UTC)  | Reason: Not specified
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gogold  
Posted : Sunday, 13 January 2013 7:43:43 PM(UTC)
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so if/when the US economy complety shits out what will that do to gold price? go up,crash or be unaffected?
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oroplata  
Posted : Sunday, 13 January 2013 8:20:29 PM(UTC)
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Gold is value retention. Gold is a safe bet in times of turmoil.

The value of the gold and silver coins we pull from the ground (compared to the value of their copper-nickel replacements) is proof of that.

I think it will go up because the people with paper money will want to switch to the gold/silver safe haven when the currencies (finally) collapse.
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cherryman  
Posted : Monday, 21 January 2013 3:41:13 PM(UTC)
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How can you put a monetary value on gold when the ammerican dollar which is considered the world currentcy is devaluing its dollar by printing billions every month?

I certainly have faith in gold holding its value and people putting their trust in it but lets just consider for a moment that gold is worth $20,000 US an ounce what does that then imply about the US dollar? and has the value of gold actual gone up in value?

Perphaps if we wanted to put a value on gold it would be easier to value it in terms of head of cattle, sheep or something else that has value.
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oroplata  
Posted : Monday, 21 January 2013 4:04:27 PM(UTC)
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Exactly. Gold retains value (over generations). Paper money (these days) is only backed by the promises of a government. And you know how valuable government promises are.

Retains value:

Gold
Silver
Knowledge (how to fix an engine, how to extract energy, etc)
An honest day's work

Doesn't retain value:
Paper promises

If you have people looking for a way to acquire some silver without having to walk around with a detector all day, check out http://silver-dollars.com

You buy a 1/2oz silver coin every month, and then you actively promote the system and for every person that signs up on your account and buys a 1/2 oz coin every month, you get 1/4oz of silver for free.

So if you have 4 people underneath you buying a 1/2 oz each, you actually get your 1/2oz, plus another 1oz for free. It's a great system (is only one level so not a pyramid) and has been running for years. The guy that runs it is straight-up too. If you're in CHCH I can show the the coins you get.

If you're want to accumulate silver and have the gift of the gab, or run into a lot of people on a daily basis (maybe you're a taxi driver or suchlike :) ) then it might be worth a try. :)
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andy  
Posted : Monday, 21 January 2013 5:05:33 PM(UTC)
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One of the radio stations a few days ago said that gold prices were going to skyrocket in the near future
ATpro
ACE250
GC1010
teknetics Eurotek Pro
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oroplata  
Posted : Monday, 4 March 2013 2:29:00 PM(UTC)
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Another interesting graphic - silver this time.

http://demonocracy.info/...world/silver/silver.html
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goldstalker  
Posted : Monday, 4 March 2013 2:48:51 PM(UTC)
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Originally Posted by: oroplata Go to Quoted Post

Another interesting graphic - silver this time.

http://demonocracy.info/...world/silver/silver.html



thats cool, gives a good perspective :0
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Lammerlaw  
Posted : Saturday, 9 March 2013 10:14:42 AM(UTC)
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Interesting reading and within these pages food for thought.

http://www.stansberryres...-silver-investment-hedge

I have followed three high profile investment and financial advice organisations in the US of A over the last few years and nearly all of their advice is remarkably good. Much however relates to big companies in the US or American Government related investments or ways of getitng money ;out of the system' not swindles but rather interesting ways in which money can be made which most ordinary Americans have no idea existed.
These of curse are no use to us but anything of global interest is and it is g=for that reason that I subscribe to these newsletters.

Their advice on Gold and Silver varies in accordance with who writes the reports but always remains pretty much in agreement with other forecasts - keep silver - keep gold.
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oroplata  
Posted : Thursday, 21 March 2013 1:06:20 PM(UTC)
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Another interesting read...

http://www.zerohedge.com/contributed/2013-03-20/it’s-time-collapse-system
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Scorpio  
Posted : Thursday, 4 April 2013 3:26:08 PM(UTC)
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Gold taken a big hit today ... :( seems price has gone under $60 a gram now :( still hoping its just a bubble but man just keeps going down right now
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oroplata  
Posted : Thursday, 4 April 2013 6:00:26 PM(UTC)
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Less buyers around - lots are moving into bitcoin.
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kiwikeith  
Posted : Thursday, 4 April 2013 8:38:07 PM(UTC)
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i predict that gold will climb if the conflict in korea comes to anything
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1864hatter  
Posted : Thursday, 4 April 2013 8:52:48 PM(UTC)
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For the last 4 months I was living the dream, gold hunting I mean. Then yesterday I got a full time job (hammer hand not geologist) I guess all things have to end some time.
Shame about the gold price, I was hoping to sell a couple of ounce to part finance a trip to Europe but may wait a bit now.
And now....On sandy beaches and muddy soil, rings and coins await my coil!
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