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  #61  
Old 01-19-2010, 05:02 PM
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You can get the same number of URLs also by Googling 'Gold is in a bubble' or maybe videos if you need to.
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  #62  
Old 01-19-2010, 08:34 PM
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Originally Posted by UnforcedError View Post
You can get the same number of URLs also by Googling 'Gold is in a bubble' or maybe videos if you need to.
Those "experts" who have said Gold is a bubble have been dead wrong for 10 straight years. Why bother listening to these "experts" with such broken track record?

Over the long term, the formula is really simple: Increased money supply = higher gold prices.
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  #63  
Old 01-20-2010, 06:35 PM
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Originally Posted by bjboy View Post
Those "experts" who have said Gold is a bubble have been dead wrong for 10 straight years. Why bother listening to these "experts" with such broken track record?

Over the long term, the formula is really simple: Increased money supply = higher gold prices.
I don't agree with your equation as fiat currencies are as free floating as the price of gold. The correlation between the two has never been proven without a shadow of a doubt. This smells of 'Peak Oil Theory' back in 2008 where a clown from Goldman Sachs even suggest $200 per barrel is round the corner. The logic behind that call was plausible but we all know how that played out. Confirmation bias at play?

Price of anything will always be a cycle - up and down - and now happens to be the upswing (which may be at its end). To suggest that pundits have got it wrong for a decade fails to point out they have gotten it right before that. Its analogous to the argument of deflation where economists point out that the world is in a deleveraging cycle but failed to point out that leverage went through the roof during the Greenspan era (velocity of money was many times more than the norm). This could all simply be a reversion to mean.

To say that gold will hit a certain lofty price neglects to see the decline after that. Its all a matter of chronological perspective, one simply have to zoom in on the upswing to proffer evidence of growth.

Anyway, each of us is entitled to our opinions and this is just for the sake of discussion. I've got nothing more to add to this, its just going to ping pong to eternity. I'll leave it here, nice yakking...
Last edited by UnforcedError; 01-20-2010 at 06:37 PM.
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  #64  
Old 01-20-2010, 07:57 PM
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Quote:
Originally Posted by UnforcedError View Post
I don't agree with your equation as fiat currencies are as free floating as the price of gold. The correlation between the two has never been proven without a shadow of a doubt. This smells of 'Peak Oil Theory' back in 2008 where a clown from Goldman Sachs even suggest $200 per barrel is round the corner. The logic behind that call was plausible but we all know how that played out. Confirmation bias at play?

Price of anything will always be a cycle - up and down - and now happens to be the upswing (which may be at its end). To suggest that pundits have got it wrong for a decade fails to point out they have gotten it right before that. Its analogous to the argument of deflation where economists point out that the world is in a deleveraging cycle but failed to point out that leverage went through the roof during the Greenspan era (velocity of money was many times more than the norm). This could all simply be a reversion to mean.

To say that gold will hit a certain lofty price neglects to see the decline after that. Its all a matter of chronological perspective, one simply have to zoom in on the upswing to proffer evidence of growth.

Anyway, each of us is entitled to our opinions and this is just for the sake of discussion. I've got nothing more to add to this, its just going to ping pong to eternity. I'll leave it here, nice yakking...
Thanks for your contribution.

If you would review all the posts in this thread, all the factors that have propelled Gold price from $250 in year 2000 to $1200 in year 2009 are still intact, if not even stronger e.g. Central banker turning from net sellers to net buyers, huge money supply expansion.

Gold price will reach a mania and bubble stage and it is not today. Some signs that Gold is in a bubble:
1) Your neighbour tells you to buy gold
2) Your financial advisor advises you to buy gold or gold stock
3) 9 out of 10 of your friends turning experts on buying gold
4) Daily advertisements on TV and newspaper on gold buying

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  #65  
Old 01-22-2010, 07:26 PM
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A clear explanation of Gold and Silver in the coming collapse of the USD

(Well worth your time to read)
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  #66  
Old 02-05-2010, 10:00 PM
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Why $15,000 gold is possible

Gold and Silver getting hammered, which offers an incredible opportunity to buy them on cheap.

Current Gold Price: USD$1,058.50/oz
Current Silver Price: USD$15.1000/oz

Mai Tu Liao!
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  #67  
Old 03-12-2010, 09:09 PM
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7 Reasons to Own Gold

Current Gold Price: USD$1,113.50/oz
Current Silver Price: USD$17.1700/oz

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  #68  
Old 04-13-2010, 01:31 PM
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Hi bjboy,

Think you'll find this eye popping...

http://theeconomiccollapseblog.com/a...l-institutions
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  #69  
Old 04-14-2010, 12:47 AM
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Hi bjboy,

Think you'll find this eye popping...

http://theeconomiccollapseblog.com/a...l-institutions
Yes, I've been following the exposure of the bullion banks price manipulation and suppression by GATA and Andrew Maguire during the CFTC meeting where the scheme has been exposed and under public records.

The recent move up in Gold and Silver is a response to the CFTC public hearing.

Get in early to maximise your returns!

Current Gold Price: USD$1,150.80/oz
Current Silver Price: USD$18.06/oz

Buy Buy Buy!
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  #70  
Old 04-14-2010, 12:53 AM
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well but the only type of gold worth buying is those that can be kept physically.. if you buy them online its not much of a use cos it will still be the same as buying money -- i.e what u get is just a receipt saying u have these x amt of gold
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