New Zealand Gold Prospecting & Metal Detecting Forums Archive

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Gold still going up...

Juggie		Posted : Thursday, 11 August 2011 12:12:05 PM(UTC)
Rank: Gold Nugget Groups: Registered Joined: 4/11/2010(UTC) Posts: 32 Location: Wellington Was thanked: 14 time(s) in 9 post(s)		And now my Windows Gadet is showing US$1802.0 as at 11:10am 11th. With France the latest european country facing downgrading ... I see $2000 rapidly approaching & won't be suprised if it's before the end of the month. Edited by user Thursday, 11 August 2011 12:16:25 PM(UTC) \| Reason: Not specified

oroplata		Posted : Friday, 19 August 2011 4:26:02 AM(UTC)
Rank: Gold Ingot Groups: Registered, Moderators Joined: 16/06/2011(UTC) Posts: 1,040 Location: Christchurch Thanks: 23 times Was thanked: 211 time(s) in 152 post(s)		Boom! There goes NZ$2200! Get used to it folks. Probably caused by the more bad news in Europe and the USA today, but here are two items of particular interest... http://www.zerohedge.com...las-entire-gold-industry and http://www.zerohedge.com...ramble-physical-starting The rumours are flying that places like JPM do NOT hold enough physical gold to satisfy all their clients they've been charging to store their physical gold (read: massive fraud). If this is the case whoever gets their gold out first will be the only ones to get the real stuff rather than empty paper promises. If this ends out to be true (I for one believe it is) then JPM will be forced on to the market to buy the gold they said they had. If you thought the price of gold now is high, when that happens.... BTW, if you want to get a good feel for the entire global disaster, zerohedge is the place to hang out.
		WWW

gjj109		Posted : Friday, 19 August 2011 10:06:21 AM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 14/03/2011(UTC) Posts: 464 Location: Thames Thanks: 217 times Was thanked: 194 time(s) in 115 post(s)		Oroplata, you are such a bundle of joy. How come shares in Oceana Gold have dropped so quickly then?.

oroplata		Posted : Friday, 19 August 2011 4:06:33 PM(UTC)
Rank: Gold Ingot Groups: Registered, Moderators Joined: 16/06/2011(UTC) Posts: 1,040 Location: Christchurch Thanks: 23 times Was thanked: 211 time(s) in 152 post(s)		Because the global share markets are disconnected with reality, dominated by computers trading with each other (and screwing small investors in the process) and propped up at the expense of other investments.
		WWW

only1gold		Posted : Tuesday, 23 August 2011 5:51:51 PM(UTC)
Rank: Gold Flake Groups: Registered Joined: 12/07/2011(UTC) Posts: 18 Location: Wgtn, New Zealand Thanks: 31 times Was thanked: 2 time(s) in 2 post(s)		Gold passed $1900 USD this morning. Which is ~$2300 NZD. RISING RISING RISING. Hehehe, it could be a bubble about to burst though...
		O1G

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