More gold crystal balling...
Discussion
HowMuchLonger said:
I view gold as the thing that you buy because everybody else buys it and not because they want or need it, and for that reason I am out.
? Edited by HowMuchLonger on Thursday 3rd November 13:52
Surely that holds true for all investments then? Who truly "needs" equitites in companies they will never work for or even see?
Bluebarge said:
Yes they did (predict the current rise) - up to $1750 in November (due to Euro crisis) back to $1350 next year. Who knows whether they are right about the longer-term prediction? All I know is that gold can fall hard and fast once a crisis blows over and, if you're holding physical gold, it can be hard to find a buyer when that happens. That's why I'm oot for now.
The problem hear is that the crisis is not going to "blow over" any time soon, with the PIIGS Greece is just the opening shots and to honest, as far as the Euro goes this is the least of their problems. Over to America, well thats going to be a whole new level of s
t storm.Oh yea, inflation, inflation is the MAIN driver for gold investment. When the point comes and we are beginning to pick ourselves up from the banking and currency mess someone is going to turn round and say "Oh by the way guys, we are down to our last few barrels here". Queue the 200 dollar plus a barrel for oil and the rampant inflation that this will bring with it. As for gas prices, well, I think we should deal with the oil s
t storm first.A tad pessimistic perhaps but you get the jist.
chim said:
The problem hear is that the crisis is not going to "blow over" any time soon, with the PIIGS Greece is just the opening shots and to honest, as far as the Euro goes this is the least of their problems. Over to America, well thats going to be a whole new level of st storm.
Oh yea, inflation, inflation is the MAIN driver for gold investment. When the point comes and we are beginning to pick ourselves up from the banking and currency mess someone is going to turn round and say "Oh by the way guys, we are down to our last few barrels here". Queue the 200 dollar plus a barrel for oil and the rampant inflation that this will bring with it. As for gas prices, well, I think we should deal with the oil st storm first.
A tad pessimistic perhaps but you get the jist.
A tad pessimistic, but I'm with you on this, I see no light at the end of this tunnel !!t storm.Oh yea, inflation, inflation is the MAIN driver for gold investment. When the point comes and we are beginning to pick ourselves up from the banking and currency mess someone is going to turn round and say "Oh by the way guys, we are down to our last few barrels here". Queue the 200 dollar plus a barrel for oil and the rampant inflation that this will bring with it. As for gas prices, well, I think we should deal with the oil s
t storm first.A tad pessimistic perhaps but you get the jist.
I think we will look back on the last half of the 20th century as a golden age, if you'll excuse the pun. I really feel sorry for kids who were born today, as I don't think they've got much to look forward to.
The banking crisis is a mere blip, energy and water will be our main problems as this century moves on.
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