Gold Tumbles Most Since 08

day to day yes it can go up or down but the long term trend is definately up!

 

the paper dollar is also not magical as "YOU" seem to think!

 

it may but its dependent on a failing government, with republicans holding the ecnomoy hostage through big business it creates speculation in its favor.

so no probably wont bet against gold but wont bet for it long term.

 

Gold losing $100 is a bump in the road... it's thousands of owners selling at once (during a historial high) and the demand temporaially filled. This bump will correct itself within 3 months.

 

actually its more dependant on these super low interest rates!

 

and during the next correction these losers will once again be calling the gold bubble burst LOL

 

Fact is Gold is not worth as much as Platnum. Google Platnum and see what I mean. The small drop of $100 is just the smart people selling off gold profit to buy into platnum. You will see more of this in the months to come.

Gold is a great novelty to hold in coins and bullion. It is not a real investment. When you invest in the virtual trading world of commodities you are just at risk for loss as you are in any other digitally traded stock. Moreover, gold as the all powerfull currency is just an old jews-tail that was popular back in the 1800s when global currencies and the US national currency had not been established. In todays global economic landscape, countries print established currency so the fear of a diluted currency is far from reality. Hence, the gold will only be of value to a gold or diamond merchant who make their living hoarding and selling minerals.

To purchase gold now would be investing in fools gold as the gold is not real (it is digitally traded), and the price is way over the top. Platnum will always remain the stable king of metals, and gold will always be the bipolar queen. But silver is like a child and has a lot of room for growth before it matures.

 

You do realize that gold has gained back almost all of the $100 drop it experienced late last month?

It closed on the 22nd at $1889.70, before it tumbled.

Last Friday it closed at $1873.70.

http://www.goldprice.org/gold-price-history.html

I think as long as interest rates remain so low - there is still 'life in the old girl yet'.


As for platinum being a good investment...I know little about it...but judging by it's history, there definitely seems like there is much room for growth there.

 

dont waste your time with these keynessian fanatics...they are going to learn the hard way I guess!

 

platinum is in high demand right now because it is used for catalitic converters and platinum is more scarce than gold......but it is not a monetary metal!

 

That is great Gold is still strong and will alwasy be up over $1500 for a very long time. It is unlikly gold will tumble down under $1500 for quite some time, with the outlook of the global economy, but then again time is one of the major risk factors when investing. If you consider $1800 per oz low than it is a good investment. But for me the time to invest in gold has passed over 3-5 years ago.

In my evaluation, the loss and tie up of funds in gold investment is far to risky that the potential profit. Platnum reduces those risks. Silver is even better at under $35 per oz. A lot more room for growth. and a lot more room for profit with less risk for loss.

 

so long as interest rates are pushed down by the fed and Bernacke then no need to worry about gold........it has only one way to go and that is up!

 

It is not a currency metal but they do use it for bullion and fine jewlery.

 

yes I know and I believe in India they use it for jewelery and other things like that...even the chinese are buying platinum. Still I prefer the old reliable not that platinum is bad or anything, its just that gold and silver are more known!

 

As long as the market sellers can sell shares of gold for higer and higher prices the will keep interest rates down, but eventually the fed will need to improve the value of the USD and create some light inflation. All it will take in the digital age of trading virtual money is for the price of glod to drop below $1500 in one shot, and that could spark a sell off for no good reason but just to take some small profits.

 

I will prove to you that you are wrong.....name me one bull in the past 60 years that has ever ended with super low interest rates?

the housing bubbe.....interest rates went to 7.5 %

the dot.com bubble......interest rates peaked at 11%

the LBO market of the 80's.....interest rates peaked I think at 10%

and finally the commodities boom of the 70's........interest rates peaked at 19%

even before the great depression interest rates were much higher than the roaring 20's

 

Your evaluation is highly suspect. You fail to mention the positive positions for gold such as high demands from China and India. India's 2nd import is Gold. Until investors demand in India for gold flattens or declines Gold will be stable around $1,700. You also have the play of Gold against foreign currencies such as against the Euro. You can also use Gold for the down side.

Normal people who invest in gold don't do it for risk/reward, but keeping value of assets. Gold going down $100 oz doesn't mean they lost $100 but that their currency of choice gained strength.

 

It's dangerous calling a top or bottom in any market. Markets can stay irrational for a lloooonnnnggg time.

 

Gold is at $1899.30 - it has gained all of the 'Gold loses 100 dollars in 24 hours' losses and is set to close at a new all time high.

 

No matter how high a bird flys...it has to come back to earth sometime.

old farmers proverb.

 

Sure...but (imo) not before Bernanke raises interest rates.

And, according to him, that won't be until 2013...at the earliest.

 

You may be right...I really don't know. Someone could suddenly dump a bunch of it any minute.

It just seems overpriced right now to me...but I've been thinking that since it was at 900.00...and silver at 25.00.

 

funny how nobody is talking about the dollar and bond bubble.....and this by the way is why gold is rising!

 

the problem with most unsophisticated investors is they dont know what guidelines to use....Overpriced you say? Based on what? Just the fact it has gone up alot over the past 10 years? How about the 15 years before that? There is a reason why gold is going up....and why china and india are hoarding it. Last I checked china and india were not hoarding tech stocks or housing.

And I say again.....funny how nobody is talking about the dollar and bond bubble!

 

You are right I know little about gold investing...but I have seen this kind of thing before.

When everyone is fearfull... be bold....When everyone is bold...be fearfull.