Speculation & Gold

[Davo36]

Hell! Do you suppose that might explain the kiwi "love of property?"

For sure. Control of your investment is key.

[Austrokiwi]

Wheres the author

I wonder what the author of this thread makes of current trends in the gold price. I happened to noticee as late as december last year ( in his own forum) he was posting articles that were predicting gold at US$38,000.00 oz.

[Bob Kane]

Like most nutters, he only speaks when the market moves in his favoured direction.

[Steve Netwriter]

Austrokiwi, I'm pleased to hear that you at least read one intelligent website in your travels Bob Kane, it is as always a pleasure to hear from you

[Perry]

The rich continue to get richer, while the gap
between rich and poor continues to grow wider.

But what of relativity?

By that, I mean, even as the gap has grown wider (as widely asserted)
have the rich and poor both increased their standard of living? The so-
called poor all seem to be buying expensive takeaways, all have those
ubiquitous dumbphones, many have 'tick-it-up' later model cars - etc.

[Austrokiwi]

Austrokiwi, I'm pleased to hear that you at least read one intelligent website in your travels Bob Kane, it is as always a pleasure to hear from you

I scan through really ridiculous sites often but I find Fox news is the most entertaining though. So where do you think gold is heading to next, 50,000 per oz by the end of the year? ROFLMAO!!!!! MOre seriously how much money did you end up making out of gold in the end... or do you still have your gold?

[Bluecoat]

Gold heading up again..which means most develloped worlds financials are not looking good...

[Wayne]

Lego a 'better investment than shares and gold'
http://www.telegraph.co.uk/finance/p...-and-gold.html

[JBM]

ANZ analyst recentLY put a long term outlook of $2000oz USD by 2020 ...which is only 3yrs-11m away ...if right many of us that hold
ASX/AUD Gold miners will do very well indeed >>>>>>>>

[eri]

the bear market for shares since the start of 2016

has seen gold bounce back from the big sell-off at the end of 2015

could this year be a repeat of 2015?

or in japan virtually every year since 1997

everyone singing the irrational exuberance of "kumbaya - the dark days are behind us"

until the numbers show the confidence is built on nothing

and the bull shit markets tumble once again

+ again

+ again

http://goldprice.org/gold-price-new-zealand.html

select 2 year view

[Bob Kane]

Tony Alexander comments on predicting future gold prices:

Another filter which I have tried strongly to encourage you to apply these past few years is that of reasonable credibility when it comes to forecasting economic and financial variables. Since the global financial crisis our economic models no longer work because of technological changes reducing the costs of searching for alternative prices and supplies of consumer goods and services and business inputs, and because how people react to changes in key things has altered. For example the responsiveness of you and I to interest rate changes has altered. Our ability to forecast things has collapsed.
In fact, here is a list of some things which people can’t forecast – meaning not just economists but everyoneelse.
 Oil prices
 Exchange rates
 Gold prices
 Interest rates
 Iron ore prices
 Share prices
 Coal prices
 China’s growth rate this year
 Dairy product prices

Do not develop a set of business, investment, or personal consumption plans which are highly sensitive to forecasts proving wrong.
In fact this is the sixth year in which we have explicitly written here that you would be foolish to develop an interest rate hedging strategy based strongly upon a particular set of interest rate forecasts coming right. Spread your risk with a range of fixed and floating rates.

http://tonyalexander.co.nz/wp-content/uploads/2016/01/WO-January-21-2016.pdf

[eri]

.... suggests many are novices, gingerly placing their first bets against the global economy.


They are not alone. From libertarians in America to Indian housewives, gold’s fans have helped push spot prices up sharply this year, defying the rout in global commodity markets

...

Sceptics—among them Goldman Sachs, an investment bank—nonetheless argue that gold will fall for a fourth straight year in 2016, largely because of higher interest rates in America.

http://www.economist.com/news/finance-and-economics/21692942-investors-are-cautiously-returning-fickle-market-hedge-against-ignorance

[muppet]

Strong safe-haven demand for gold sent the precious metal soaring to a 12-month high above $1,260.00 Thursday.
Another big sell off in world stock markets sent investors and traders scrambling into the gold market.
There are growing concerns about the collective health of the major world economies.
Gold prices have risen around 15% the past six weeks. April Comex gold was last up $54.00 at $1,248.60 an ounce.
March Comex silver was last up $0.523 at $15.81 an ounce. There was keen worldwide investor and trader risk aversion Thursday as most world stock markets suffered sharp losses.
Falling crude oil prices, worries about the European financial system and weak overall world economic growth prospects
are combining to spook the world marketplace. The Stoxx Europe 600 index was down nearly 4% Thursday.
Hong Kong’s Hang Seng index was also down around 4% on the day.
China and Japan markets were closed Thursday for holidays.
The Japanese yen has soared against the U.S. dollar on safe-haven demand from market participants in the Asian region.

Read more at

http://www.kitco.com/news/2016-02-11/Gold-Rockets-To-12-Month-High-On-Safe-Haven-Demand-Amid-Spooked-World-Marketplace.html

[eri]

Faith in central banks is of critical importance now because conventional policy is exhausted.

To provide additional monetary stimulus, central banks can only turn to negative rates, to quantitative easing, or to jawboning of markets.

It seems to me that, as a result of central-bank missteps, markets are losing confidence that central banks know what they’re doing,

and are losing confidence that central banks are prepared to do what it takes to convince sceptical investors otherwise.

Unless and until there are adequate demonstrations, it is possible this market panic will continue.

What is especially worrying is that not too much needs to go wrong in the real economy for things to begin breaking.

There are vulnerabilities in the European banking system; in Italy, for instance, where a big bail-in, should one be required, would hit lots of Italian households

Turmoil could deepen the decline in struggling emerging markets and complicate the economic balancing act of Chinese policy-makers.

It could also start influencing elections in nasty ways.

http://www.economist.com/blogs/freee...ets-lose-faith

[Bluecoat]

anyone buying Gold , if so how ?