Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (40687)	10/4/2008 10:38:27 PM
From: prosperous	1 Recommendation Read Replies (2) \| Respond to of 217781

Based on recent news, central bans have stopped/reduced gold sales and many banks are in accumulation mode. The shortage of physical metal on consumer front is indicating public has started accumulating old, which I presume is backing a certain percentage of their portfolio. Are we then not indirectly moving to a gold standard where we are backing up our paper assets with gold for whatever reason? may be the only entity missing in the gold buying is corporations. It seems to me though that we will have gold sold hard in a market correction that will likely follow in next few months to clear margin calls etc by hedge funds creating even a better buy point, although I think gold will be very available for public to buy in very limited quantity even if the price drops in future (only new coins minted at a very high spread as evidenced by dealer quotes available to only early birds just like how Wii used to sell :-)). A lot of people have bought gold in the 800-950 range and unlikely to sell to create a liquid market until financial stability is back, its possible that many think that phy demand is not reflected in the price. Looks like regardless of the govt desire to keep stock and housing asset values high we will see values clearing up on stocks first, houses later, and then huge printing to push gold up in another 12-18 months.

To: TobagoJack who wrote (40687)	10/5/2008 9:51:06 AM
From: gg cox	4 Recommendations Read Replies (1) \| Respond to of 217781

<<to experiment and see if gold will work as claimed in ancient scripts>> Those days are gone and gold will not perform as before.One fifty dollar swing and the everyday generals all over the world are selling for the easy fast profit.Two upward swings in a row and everyone piles on, take profit binge, then fear of buying sets in at inflated price and the down cycle repeats.At best, creep, over many years. Hyperinflation flows to barter system for vast majority.Gather everyday goods, of everyday value, if worried about future, "everyday."Everyday skills, also useful.