• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 11 to 20 of 27
  1. #11
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    You can get gold charts from a number of places.

    Here is an example from StockCharts, with the price of gold in NZ$:



    If you go here, you can change the currency, of various other things:
    From : http://stockcharts.com/h-sc/ui?s=$GOLD:$NZD&p=W&b=5&g=0&id=p30732309963

    With 50 and 200 day moving averages (on the weekly chart needs 10 & 40). That fooled me for a while.

  2. #12
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    I'd better be polite and answer your posts!

    Quote Originally Posted by muppet View Post
    More talk about gold and silver in this forum
    https://www.propertytalk.com/forum/forumdisplay.php?f=28
    Thanks muppet. I see you've started a number of gold threads. I hpe we can have interesting discussions

    Quote Originally Posted by Austrokiwi View Post
    You should have seen that in US$ gold has dropped, though it has remained pretty static against the kiwi. 2nd and third quarters a never great for gold price rises I wouldn't buy until the 4th quarter when the gold price direction is a lot clearer( in the fourth quarter the Indian wedding season starts and thats when physical gold is purchased in larger amounts
    I know there are cycle watchers, but this appeared on Jim's site yesterday, obviously with his approval.

    Hey Jim,
    As you suggest, the effects of seasonality diminish as goldís role as money increases. Funny how seasonality discussions appear right before gold gets smashed, as if nothing has changed in the global financial system.

    Goldís role as the universal currency is largely a function of confidence in those to manage it well. I use the following chart as one proxy for that confidence. Nothing is a straight line up or down, but confidence is definitely not increasing.
    Sincerely,
    CIGA Eric
    http://www.jsmineset.com/ from the 25th.

  3. #13
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Quote Originally Posted by exnzpat View Post
    Steve,

    I donít see a correction for inflation in your graphs.


    My personal opinion (probably not shared by the masses) on Gold, is that it is not a very good investment vehicle. The reason for this is that Gold (like oil) resides in a tightly controlled marketplace. It is stockpiled by countries, which at anytime can flood the market and lower its value overnight. While I see no harm in diversifying ones portfolio with precious metals, I do see definite harm in putting all your eggs-in-one-basket, so to speak.
    Yes I know
    The question is, where do you get the REAL inflation figures ?!
    There are some well known inflation adjusted charts though.

    Here's one in GBP:



    It does show that gold is really no where near being at a peak price.

    I certainly agree about the "all your eggs-in-one-basket".
    And about the manipulation.

    But, you know prices have gone up quite a bit from 2001 despite that. So if you believe in manipulation, you may also believe they can't totally control the price.

    We could get into quite a long debate over whether we think they have much gold left to short-sell (lease out).

  4. #14
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Quote Originally Posted by Gatekeeper View Post
    Thanks Steve, for the excellent graphs. Quite a few years ago on a thread on this forum we were looking for a NZ house prices graph measured in gold, but couldn't fine one!

    You're a bit late!!!!

    I tucked away some gold in 04 as a backstop, and just to diversify a bit.
    I don't really see it as an investment as such, more as value preservation.
    Same time I got into some long term energy investments.
    The writing has been on the wall for quite a while for the USD, a global levelling is taking place. I can't see the USD going back to it's former glory, fullstop
    Sorry
    If you'd asked me......I'd have been able to tell you I hadn't got one then

    I only did them recently !

    Great intro for this chart:



    I think it says it all really.

  5. #15
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Quote Originally Posted by Orkibi View Post
    Steve,
    I see that the general trend of Gold is up but quite volatile, do you think Gold will come down to the $500us-$600us range eventually, as part of the cycle ?
    OK, I'm no expert. I just read a lot.
    From what I've read, this precious metals (commodities even) bull phase is a long way from ending. Jim is predicting $1650 by 2011, and I think he has quite good reasons for his timing. He has admitted that his price may be a bit conservative, but he is happy with that.

    Now he think that this time gold will not peak and then drop again because it will be used to stabilise the US$. I admit I don't fully understand the scheme he thinks they will use, but the result he predicts is a relatively stable price within about $200 of the peak.

    One thing I should mention. When Jim says sell. Sell.
    He wrote a story about that in the last bull market.

    I agree with you about wealth preservation. If you gain a bit fine, but it's MAINLY about safety and preservation.

  6. #16
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Quote Originally Posted by Glenis View Post
    Steve! Way hey! You da man!

    Maybe I can be a silver baronness - it's certainly more affordable although of course that's because it's worth less. :-)

    Maybe we should ask the mods to move this stuff to a new Gold post?
    Not false modesty. No I'm not the man. But I think Jim Sinclair is
    And a few others I read.
    I just pass on what I've read.
    I am quite pleased with some of the charts I've created though.
    And I enjoy creating them.

  7. #17
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    I'd just like to say, because I think some people think gold & silver investment is "only for the rich".
    I know people who buy the odd gold coin, or even the odd silver coin, when they can afford it.
    It is really no different to buying a gold ring or chain etc.

    IMO the question you should ask is, if you have a spare £100, US$200, NZ$300, or whatever, do I put it in the bank and earn interest, or do I buy a few silver coins or a gold coin etc.

    IMO we have been so used to paper money, so indoctrinated really, that we don't think anything else can be "money".
    There are people who will tell you that gold and silver are actually the oldest form of money, which has outlived all other currencies.
    That all paper fiat currencies have eventually failed !

    Why is gold & silver a good form of money ?
    Because their qualities just make them really good for it.
    They don't burn, rust etc.
    You can split them, combine them.
    They are rare, and the rate of mining them is quite small.

    History just proves that they have been and are used as money.

  8. #18
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Glenis,
    As promised, the gold price in NZ$ chart:




    And so you can see how that has been affected by the NZ$ versus the US$:


  9. #19
    Join Date
    Sep 2004
    Location
    Central Otago, ChCh, AKL
    Posts
    2,443

    Default

    Steve,
    I see that the general trend of Gold is up but quite volatile, do you think Gold will come down to the $500us-$600us range eventually, as part of the Gold cycle ?
    New Zealand's #1 Marketplace for Property Investors & Sellers!
    FREE Access to HOT Property Deals
    CLICK HERE FOR MORE INFO.

  10. #20
    Join Date
    Apr 2008
    Location
    Christchurch, New Zealand
    Posts
    1,125

    Default

    Hi Orkibi,
    I did answer your post here:

    https://www.propertytalk.com/forum/sh...7&postcount=15

    Just a few posts up. I can understand you missing it with my post blitz


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. The charts that suggest the housing bubble is out of control
    By muppet in forum Property Investment (Oz)
    Replies: 1
    Last Post: 26-02-2016, 11:31 AM
  2. Inside The Crucible (Precious Metals Updates)
    By kmor110 in forum Other Investments
    Replies: 28
    Last Post: 30-07-2015, 01:42 PM
  3. Rare Earth Metals and uses
    By muppet in forum World in General
    Replies: 5
    Last Post: 12-02-2011, 11:45 PM
  4. Replies: 0
    Last Post: 24-06-2009, 02:00 PM
  5. Charts: House prices in NZ$, Yen, gold - 26 Jan 2009
    By Steve Netwriter in forum General (NZ)
    Replies: 10
    Last Post: 02-02-2009, 07:34 PM
  6. Latest charts on houses for sale and rentals
    By Steve Netwriter in forum General (NZ)
    Replies: 2
    Last Post: 01-02-2009, 07:27 PM
  7. My NZ Housing Market Data Now in Charts
    By Steve Netwriter in forum General (NZ)
    Replies: 14
    Last Post: 20-11-2008, 01:23 PM
  8. UK House prices down 10.5% YoY - loads of charts
    By Steve Netwriter in forum United Kingdom
    Replies: 1
    Last Post: 29-08-2008, 02:26 PM
  9. Precious Metals
    By muppet in forum Other Investments
    Replies: 4
    Last Post: 14-01-2004, 07:56 PM
  10. Links
    By Sooshie in forum General (NZ)
    Replies: 5
    Last Post: 12-10-2003, 09:51 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •