Trading Financial markets : Gold

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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superfrank
Posts: 2245
Joined: Fri Aug 14, 2009 8:28 pm

Tue Sep 04, 2012 11:22 am

Fool’s gold standard
http://www.marketwatch.com/story/fools- ... e_carousel

arguments against a new gold standard but he spouts some rubbish in there...
Gold is pretty, but it’s just a piece of metal. Its uses are limited. It can be dug out of the ground. In other words, it’s really all about human confidence that gold is worth something.
he fails to mention that the fiat system is all about confidence in intrinsically worthless pieces of paper (or numbers in a database) - the supply of which can be doubled at the press of a button by central banks.

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superfrank
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Fri Oct 05, 2012 12:12 am

gold-in-fx-terms.png
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luckystar
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Sun Oct 07, 2012 6:36 pm

gold a piece of metal? gold is a currency and accepted anywhere in the world. The troubles for countries start when they start printing money like there is no tomorrow.... Look at central banks today - they are hoarding gold because people are losing trust in their fiat currencies. Thus central banks can say their claims are backed by physical holdings...

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

Mon Oct 08, 2012 10:55 am

luckystar wrote:gold a piece of metal? gold is a currency and accepted anywhere in the world. The troubles for countries start when they start printing money like there is no tomorrow.... Look at central banks today - they are hoarding gold because people are losing trust in their fiat currencies. Thus central banks can say their claims are backed by physical holdings...
The 10 Countries With The Biggest Gold Reserves In The World

http://www.businessinsider.com/gold-res ... 012-8?op=1

Britain doesn't rank very well after Gordon Moron Brown flogged most of ours when the price was at historic lows...
Image

this still makes me laugh (and cry)... http://www.youtube.com/watch?v=RDm8zGwcdZ4

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

Wed Nov 28, 2012 4:42 pm

Some sell off in Gold at 13:20 today :!:

Some people must have been spanked on that move.


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superfrank
Posts: 2245
Joined: Fri Aug 14, 2009 8:28 pm

Wed Jan 16, 2013 2:17 pm

Germany gold: Central bank to bring home some reserves
http://www.bbc.co.uk/news/business-21040214

the German's quite rightly want to keep their gold at home now.
It has even suggested some of the bars may not have been checked to see if they are real, he added.
:shock:

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Euler
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Wed Jan 16, 2013 2:44 pm

superfrank wrote:interesting infographic http://demonocracy.info/infographics/wo ... /gold.html
That's neat.

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Euler
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Thu Jan 17, 2013 8:49 pm

Sorry to say, looks like we have wasted our time; what we needed was a metal detector: -

http://www.bbc.co.uk/news/world-asia-21055206

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superfrank
Posts: 2245
Joined: Fri Aug 14, 2009 8:28 pm

Thu Jan 17, 2013 9:18 pm

Euler wrote:Sorry to say, looks like we have wasted our time; what we needed was a metal detector: -

http://www.bbc.co.uk/news/world-asia-21055206
yeah i read that earlier, what a find!

let's hope he doesn't swap it for some paper ;)

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