Trading Financial markets : Gold

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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Fri Jan 06, 2012 2:27 pm

If Germany were to let Italy go under, and a global financial meltdown were to ensure, Germany's gold reserves might not be worth very much anyway.

And you could argue that a nation's gold reserves are a small price to pay to prevent a financial apocalypse. I think that, like the Americans in 2008, they'd take the medicine with clenched fists, as the alternative could mean anarchy on the streets...

Jeff

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superfrank
Posts: 2272
Joined: Fri Aug 14, 2009 8:28 pm

Fri Jan 06, 2012 2:41 pm

Ferru123 wrote:If Germany were to let Italy go under, and a global financial meltdown were to ensure, Germany's gold reserves might not be worth very much anyway.
eh?!!!

where are the rich going want to put their money in the event the system blows up?

Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Fri Jan 06, 2012 2:46 pm

You're assuming that there will even be rich people post-apocalypse...

I don't think anyone has a clue what would happen in the event of a major world economy defaulting in the current circumstances. Maybe gold would soar in value. Or maybe it would become almost worthless. Who knows?

These are interesting times...

Jeff

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CaerMyrddin
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Joined: Mon Sep 07, 2009 10:47 am

Fri Jan 06, 2012 2:56 pm

I reckon it would probably soar, although you have to ask yourself, in a post-apocalypse scenario, would you like to eat gold?

:lol:

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superfrank
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Mon Jan 16, 2012 2:34 pm


Photon
Posts: 206
Joined: Mon Nov 29, 2010 10:14 pm

Mon Jan 16, 2012 8:32 pm

Downward trend which started on 6th Sep seem to have reversed and the momentum is on the up and with investor not really finding a good opportunities elsewhere and with the lending at ECB at rock bottom prices, German bond yielding negative, PIGS continuing to see negative outlook, I feel there's a real concern about the world economy and I think Gold is most likely to be the winner.

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superfrank
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Joined: Fri Aug 14, 2009 8:28 pm

Fri Feb 24, 2012 12:51 am

gold n silver on the march again... hardly surprising given the print, print, print mentality of central banks. FED next.
http://www.marketwatch.com/story/gold-g ... 2012-02-23

Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Sat Feb 25, 2012 7:50 pm

Warren Buffett: gold has no value - http://www.telegraph.co.uk/finance/pers ... value.html

"Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end."

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superfrank
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Sun Feb 26, 2012 12:43 am

buffet should stick to stock picking. the bubbles he conveniently ignores (because they bailed him out) are the ones in government debt, bonds and the monetary base.

of course gold doesn't produce a dividend - because it can't be created at the touch of a button to keep the paper asset rich rich (rich in, er, paper) at the expense of the asset-poor, the young and the unborn (for many generations to come).

http://usdebt.kleptocracy.us/


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