Trading Financial markets : Gold

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
Post Reply
ciangerry
Posts: 9
Joined: Fri Apr 17, 2009 2:04 pm

Tue Mar 20, 2012 9:45 pm

I'm reading a great book at the moment called 'Currency Wars - The Making of the Next Global Crisis' by James Rickards.

The book does a great job of outlining the role Gold has played in the monetary system. It really drives home the important role Gold can play in anchoring the monetary system and why the current on going currency wars will likely result in a return to some form of Gold standard.

User avatar
Euler
Posts: 15600
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Mon May 21, 2012 10:42 am

Japanese pension fund switches to gold

http://www.ft.com/cms/s/0/1be7a2a2-9f3f ... z1vUnVhiOU

User avatar
superfrank
Posts: 2244
Joined: Fri Aug 14, 2009 8:28 pm

Mon May 21, 2012 1:48 pm

“If you look at assets over the past couple of decades, equity has been a loser, while fixed income offers tiny coupons,” said Yoshio Kuno, Japan head of Newedge, the futures broker. “Gold is becoming an acceptable currency substitute.”
that last line made me laugh... it's rather that fiat currencies are becoming an unacceptable substitute for gold (a currency for 6,000 years) because the Japanese and others just won't stop printing it.

last year a Dutch pension fund was forced to sell its gold as the regulator considered it "too risky"!
http://www.efinancialnews.com/story/201 ... -regulator

User avatar
to75ne
Posts: 1801
Joined: Wed Apr 22, 2009 5:37 pm

Mon May 21, 2012 5:49 pm

not that i did not need convincing that the world of finance is nothing more than smoke, mirrors, snake oil, reading runes and buillshit; thats put the final nail in the coffin for me. :lol:

andyfuller
Posts: 4609
Joined: Wed Mar 25, 2009 12:23 pm

Thu Jun 21, 2012 4:49 pm

Has gold had it day? Will be interesting to see if $1,530 holds if it gets tested again. I am currently short on it.

mulberryhawk
Posts: 165
Joined: Thu Oct 29, 2009 12:37 am

Thu Jul 12, 2012 10:32 am

http://ftalphaville.ft.com/blog/2012/07 ... old-price/

This seems to lend weight to your position Andy.

User avatar
superfrank
Posts: 2244
Joined: Fri Aug 14, 2009 8:28 pm

Thu Jul 12, 2012 2:30 pm

i agree that in the short-term it looks weak (as with many commodities atm). if silver breaks $26 again it will probably trade at $22.

i didn't realise US crude had dipped below $80 last month. haven't been following things for the last 2 months.

good site for futures prices... http://finviz.com/futures.ashx

look how "cheap" natural gas is now!
http://finviz.com/futures_charts.ashx?t=NG&p=w1

mulberryhawk
Posts: 165
Joined: Thu Oct 29, 2009 12:37 am

Thu Jul 12, 2012 2:59 pm

i dont have a real strong opinion myself, although I have been wondering how gold would act in a deflationary environment.

User avatar
superfrank
Posts: 2244
Joined: Fri Aug 14, 2009 8:28 pm

Wed Aug 29, 2012 7:05 pm

Gold to be made a tier 1 commercial bank asset again under proposed new Basel III rules...
http://dailycapitalist.com/2012/08/06/t ... ea-change/

User avatar
gutuami
Posts: 1558
Joined: Wed Apr 15, 2009 4:06 pm

Thu Aug 30, 2012 6:55 am

superfrank wrote:...

look how "cheap" natural gas is now!
http://finviz.com/futures_charts.ashx?t=NG&p=w1
this might be one of the reasons ;)
http://www.youtube.com/watch?v=3AZv6MjZylo

Post Reply

Return to “Trading Financial markets”

  • Information
  • Who is online

    Users browsing this forum: No registered users and 2 guests