Gold - just how high will it go
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Gold - just how high will it go
i was listening to analysts last night on some american news channel and while amercan crude has dipped to $80/barrel, brent crude at $105, $40Bn wiped of shares, gold just seems to keep moving up. now over $1800/oz with analysts saying possibly $2000/oz before the end of the year. my question is, as gold continues to get stronger will it come to a price point that seems to plateau? or with the volatility in the markets will it continue to feature strongly as people rein in their exposure to more risky commodities for something a bit more solid and dependable?
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To the guys that hold gold, do you hold physical, (I'm assuming that means that it's in your possession)? Or paper?
What additional costs are involved in holding physical over paper?
Thanks.
What additional costs are involved in holding physical over paper?
Thanks.
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Upside targets on gold using Fib Projection 1,779 then 1,842 followed by 1,905
If we see gold trade below 1735 then potential long entry areas would be 1,708 then 1,677 followed by 1638
If we see gold trade below 1735 then potential long entry areas would be 1,708 then 1,677 followed by 1638
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that 1905 would be point 8 yes? are we talking days here i.e 21, 35 and 56?
Last edited by bigsinky; 09 August 2011 at 04:05 PM.
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Fib can be used for time projections but i never use them in that sense. I dont trade time horizons i just trade price action, best guess would be early Oct, that is however a pure guess
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Here's the chart with the fib grid on....also note today we have an inverted hammer, i'd be tempted to get short if we take out the low of the day on the downside with a stop above the high.....
also FYI
Aug. 9 (Bloomberg) -- Gold at current $1,730/oz “likely
discounting something far worse than realistic future events”
and will probably fall back to ~$1,600/oz over next month, say
MF Global technical analysts Craig Peskin, John Kolovos.
* $1,600 marks center of rising trading channel
* Says oil should bounce, is oversold; will face resistance in
$85-$90/bbl range
* Says stocks “extremely oversold,” would need to see
“signs of significant internal accumulation” before
calling for an exploitable rally
also FYI
Aug. 9 (Bloomberg) -- Gold at current $1,730/oz “likely
discounting something far worse than realistic future events”
and will probably fall back to ~$1,600/oz over next month, say
MF Global technical analysts Craig Peskin, John Kolovos.
* $1,600 marks center of rising trading channel
* Says oil should bounce, is oversold; will face resistance in
$85-$90/bbl range
* Says stocks “extremely oversold,” would need to see
“signs of significant internal accumulation” before
calling for an exploitable rally
#14
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#15
I've got £10k to invest in something safe - as in, I don't really want to lose it.
I could put this years allowance into an ISA paying 3% but that'll leave me nearly £5k left for putting elsewhere.
Buy gold now?
I could put this years allowance into an ISA paying 3% but that'll leave me nearly £5k left for putting elsewhere.
Buy gold now?
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Upper limit is £15k. That surely has to be the way to go if you want safety.
Gold is only 'safe' in the sense that you will definitely have something real to hold on to - in that respect it would give you safety from the absolute worst case, which is a collapse of the fiat money system. But guessing at the likelihood of something like that would be highly speculative. And the price of gold will only hold up or keep rising as long as the people in charge keep making the same mistakes. If, all of sudden, they begin to address the real problems and the underlying issues driving the price of gold up, you could see your gold halve in value. All you need to ask yourself is whether you could stomach that and whether that kind of safety is what you're after.
But certainly, for all but the very worst case, government guaranteed bonds would be the way to go, and you can't really go wrong with a tax free rate of inflation + 0.5%. At the current rate of inflation you're going to be losing at least 2% a year in that ISA paying 3%; whereas at least with the NS&I bonds you are seeing some kind of real return and guaranteed return of the principle - although, as I said, in the worst case a full return may equal 0.
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The bad thing about investing in gold is that it is only worth what someone else is willing to pay, there is no yield, it is a precious metal of no use. Platinum today is cheaper than gold, this is a very rare occurence perhaps maybe 3 times over past 25 years i'd prefer buying platinum than gold, maybe even sell gold to buy platinum.....all depends on what your own view of gold is of course!
If you want exposure to gold, have a look at some gold proucing miners.....they will benefit from their correlation to their underlying product and they at least will pay you a yield...
If you want exposure to gold, have a look at some gold proucing miners.....they will benefit from their correlation to their underlying product and they at least will pay you a yield...
#18
Thanks for that.
I never even thought about NS&I.
I guess they're safe as long as UK PLC doesn't go bust...
Anyway, I'm going to look into them
Would this be the one?
http://www.nsandi.com/savings-needs-help-decide/6/11
I never even thought about NS&I.
I guess they're safe as long as UK PLC doesn't go bust...
Anyway, I'm going to look into them
Would this be the one?
http://www.nsandi.com/savings-needs-help-decide/6/11
Last edited by zip106; 09 August 2011 at 08:18 PM.
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...except for its industrial and commercial uses, of course.
http://geology.com/minerals/gold/uses-of-gold.shtml
http://geology.com/minerals/gold/uses-of-gold.shtml
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...except for its industrial and commercial uses, of course.
http://geology.com/minerals/gold/uses-of-gold.shtml
http://geology.com/minerals/gold/uses-of-gold.shtml
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The bad thing about investing in gold is that it is only worth what someone else is willing to pay, there is no yield, it is a precious metal of no use. Platinum today is cheaper than gold, this is a very rare occurence perhaps maybe 3 times over past 25 years i'd prefer buying platinum than gold, maybe even sell gold to buy platinum.....all depends on what your own view of gold is of course!
If you want exposure to gold, have a look at some gold proucing miners.....they will benefit from their correlation to their underlying product and they at least will pay you a yield...
If you want exposure to gold, have a look at some gold proucing miners.....they will benefit from their correlation to their underlying product and they at least will pay you a yield...
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With the price of gold as it is - maybe you want to invest in firms recovering gold from old electronics etc - they were profitable pre-2008 - must be coining it in now.
Other solid investment is waste management - we are making more and more waste and someone needs to take it away! Not glamorous but an interesting area, especially as everyone goes eco!
Other solid investment is waste management - we are making more and more waste and someone needs to take it away! Not glamorous but an interesting area, especially as everyone goes eco!
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There lies the truth.
Oil is useful and the price is therefore driven by demand. With global recession lurking again - particularly in the largest consuming economy the price of oil will soften.
Oil is useful and the price is therefore driven by demand. With global recession lurking again - particularly in the largest consuming economy the price of oil will soften.