Holy smokes folks! Are you selling your gold/ gold shares or riding it out???
Wha an ugly market!
Goodguy
Wha an ugly market!
Goodguy
Gold
- Thread starter goodguy1977
- Start date
Bullion or shares?
It's down another 20 in electronic trade..... is there a downside throw up price?
Goodguy
I increased the holding of Central Fund of Canada in a stock portfolio
I manage for someone by 25% at today's price. Also added to my position
in Central Gold Trust in my gold stock holdings as its price plunged to $50
from $60 within less than a month. This kind of volatility of gold price is the
reason I am invested in a variety of stocks outside the natural resource
sector. Gold and other precious metals never exceed 20% of asset allocation
in my portfolio. Even within the precious metal sector it is prudent to diversify
away from gold to platinum, palladium and other industrial metals if you
have sufficient captial.
IMO investors should look to gold investments as a hedge against
the inflationary impact of currency debasement rather than as a way
to make quick and easy money. I'd never want to see gold price explode
as many gold bugs do. I'd be happy if gold move back up to the
$1600--$1800 range in the second half of 2013. A sustained top at
$2000 is sufficent to take gold mining stocks to their previous high.
I manage for someone by 25% at today's price. Also added to my position
in Central Gold Trust in my gold stock holdings as its price plunged to $50
from $60 within less than a month. This kind of volatility of gold price is the
reason I am invested in a variety of stocks outside the natural resource
sector. Gold and other precious metals never exceed 20% of asset allocation
in my portfolio. Even within the precious metal sector it is prudent to diversify
away from gold to platinum, palladium and other industrial metals if you
have sufficient captial.
IMO investors should look to gold investments as a hedge against
the inflationary impact of currency debasement rather than as a way
to make quick and easy money. I'd never want to see gold price explode
as many gold bugs do. I'd be happy if gold move back up to the
$1600--$1800 range in the second half of 2013. A sustained top at
$2000 is sufficent to take gold mining stocks to their previous high.
In theory, the massive printing of paper money should increase the monetary value of hard assets like gold but a lot of people have gone broke applying that theory.
I suspect a lot more people have gone broke buying into
Apple than Barrick. Gold mining stocks have been in a down
trend since they hit their high almost 3 years ago. Investors who
overweigh gold are a minority I believe. Gold stocks comprise
no more than 5% of total capitalization of all major stock market
indexes to my estimate. Anyway I don't see any signs of widespread
loss in Bay Street or the physical bullion market like what happened
when the technology stock bubble burst circa 2000. If anything it is
only a relatively small number of speculators who lost their shirt.
I am of the view that the impact of massive printing of USD so far
has been absorbed by the developing world. Money never stay idle
for very long. The global currency war is still in its early stage.
Buy a little gold in your portfolio for wealth protection. It won't hurt
so long as it is only spare money spent.
The recently departed MSOG must be biting his cheek. I'm really fighting the urge to pick up some more gold from my usual sources up north. It's really tempting, but I'll wait to see if it stabilizes at this level for a bit. I had someone tell when I asked why, he simply said Cyprus and China.
So so true. They can't print gold but they can manipulate the price.
http://www.paulcraigroberts.org/2013/04/13/assault-on-gold-update-paul-craig-roberts/
First of all. All markets are fixed.
http://rense.com/general52/secretsoftheplunge.htm
The plunge protection team is struggling to convince people that all is well. It's not. If you include in the US all the people that have given up looking for work. The unemployment rate is almost 23%.
If you account for the real rate of inflation. It's closer to 10%.
Always remember to buy low and sell high. Believe me. The richest of the rich are buying physical Gold hand over fist at these discounted rates. Only buy physical metal and go long. You can't trade these markets unless your an insider. This attack on Gold amounted to 20% of the annual Gold supply in the span of half n hour. If an investor really had 26 billion dollars in gold to sell do you think he would dump it and drive the price down ? No, he would sell it off in smaller amounts and try to maximize his profit. This was just another of the Banking Cartel's take downs. Just buy the dip. Get physical. Go long and sleep at night.
BS
http://rense.com/general52/secretsoftheplunge.htm
The plunge protection team is struggling to convince people that all is well. It's not. If you include in the US all the people that have given up looking for work. The unemployment rate is almost 23%.
If you account for the real rate of inflation. It's closer to 10%.
Always remember to buy low and sell high. Believe me. The richest of the rich are buying physical Gold hand over fist at these discounted rates. Only buy physical metal and go long. You can't trade these markets unless your an insider. This attack on Gold amounted to 20% of the annual Gold supply in the span of half n hour. If an investor really had 26 billion dollars in gold to sell do you think he would dump it and drive the price down ? No, he would sell it off in smaller amounts and try to maximize his profit. This was just another of the Banking Cartel's take downs. Just buy the dip. Get physical. Go long and sleep at night.
BS
he might if he owned 100B in put options......if you go physical, how do you sleep at night with 50K in gold in your house? lol...and what's your address BTW...
