Who Do You Rate as Best for Explaining Gold Trends ?

[Pete]

Just had another bit of financial analysis arrive in my inbox today from Bullion by Post.

 

Not sure I agree with their comments but you can fit any explanation you care to pull from the press and it will sound plausible.
My alternative - and it works 50% of the time is the good old faithful crystal ball !!

 

[Roy]

[Toddie]

It's almost as if they have a vested interest in gold...

[sixgun]

That's a woman's eyes and a man's hands holding his crystal ball. Is that like a transsexual?

Looks like Roy is drinking green tea.

The analysis on Sterlling by Bullion-by-post is pretty much correct.

[Kookaburracollector]

7 minutes ago, sixgun said:

That's a woman's eyes and a man's hands holding his crystal ball. Is that like a transsexual?

Looks like Roy is drinking green tea.

The analysis on Sterlling by Bullion-by-post is pretty much correct.

I hadn’t noticed that until you pointed it out @sixgun .

I don’t mind looking into those eyes, but those hands certainly ain’t going anywhere near my crystal balls.

Do you think she’s called Lola.?

[sixgun]

4 minutes ago, Kookaburracollector said:

I hadn’t noticed that until you pointed it out @sixgun .

I don’t mind looking into those eyes, but those hands certainly ain’t going anywhere near my crystal balls.

Do you think she’s called Lola.?

It could be Lola

 

[Kookaburracollector]

She might look like a woman but does she talk like a man!

[Kookaburracollector]

...and I’m way too young to remember The Kinks!

You are clearly more of a Barry Manilow fan!

[sixgun]

1 minute ago, Kookaburracollector said:

...and I’m way too young to remember The Kinks!

i was thinking of Barry Manilow

[Kookaburracollector]

Don’t you just love this forum sometimes!

[KDave]

People blame Brexit, or Kim Jong Un slinging nukes around like its still Christmas - those things do not matter. The explanation comes after the move, filling the gaps, telling a story to explain the price action. The trend is important. Where are we. Where did we go from here last time.  

Chris A told me that gold miners are priced for gold to be $200 lower than today. They would need 60% increase to match the historical relativity between the two. When we see this happen it has always historically resulted in gold price falling vs miners rising. But maybe this time, miners will rise and gold will keep going up. Maybe this time is different. Maybe Bullion By Post is doing you a massive favour by flogging you gold at the new high and locking in their profits  Hey there is a first for everything. Who knows what will happen, I don't. I want to know who is driving the long term trend, is it God? Or is it Kim Jong Un slinging nukes. 

[Scuzzle]

I think you have to simply look upon gold as a long term hold and as insurance against paper ponzi running into trouble, the control structure doesn't want gold competing with their paper currencies so it will never be allowed to break out - if possible.

In 1970 gold was £16 by 1980 it was £240, in 2000 it was still round £240 but a decade later it was over £1000,  Now I look at this and think - I wish I owned some gold bought at £16 before it went to £240 and I wish I owned some gold bought at £240 before it went to £1000.  Well now I do own some gold and I won't have to look back with wishful thinking or regret in hindsight if something similar happens again and there is every likelyhood as the world is awash with debt like never before.

[KDave]

 

[RoughDog]

On ‎15‎/‎02‎/‎2019 at 18:54, sixgun said:

It could be Lola

 

Is this her grandmother?

[Pete]

On 15/02/2019 at 22:53, Scuzzle said:

I think you have to simply look upon gold as a long term hold and as insurance against paper ponzi running into trouble, the control structure doesn't want gold competing with their paper currencies so it will never be allowed to break out - if possible.

In 1970 gold was £16 by 1980 it was £240, in 2000 it was still round £240 but a decade later it was over £1000,  Now I look at this and think - I wish I owned some gold bought at £16 before it went to £240 and I wish I owned some gold bought at £240 before it went to £1000.  Well now I do own some gold and I won't have to look back with wishful thinking or regret in hindsight if something similar happens again and there is every likelyhood as the world is awash with debt like never before.

You also need to factor in inflation.
Back in 1970 a graduate might earn up to £1,500 p.a. so an oz of gold would have been equivalent to £250 today so gold has increased in value by about 400%.
My house on the other hand purchased in the mid 1980's has risen in value by almost 700% i.e. twice that of gold.