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.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: TrueScouse who wrote (11456)	11/13/2009 1:11:37 PM
From: TheSlowLane	Read Replies (1) \| Respond to of 48092

Howy - here comes the smart money. Does that make us the super-smart money, since we were here first? Super-rich seen buying gold, selling hedge funds By Steve Lodge Financial Times, London Friday, November 13, 2009 ft.com The investment preferences of the world's wealthiest families have shifted significantly in favour of gold and other commodities and away from hedge funds in the wake of the financial crisis, according to a survey of family offices and advisers of the super-rich.

To: TrueScouse who wrote (11456)	11/13/2009 2:06:41 PM
From: Wade	Read Replies (1) \| Respond to of 48092

That rush of demand was due to build up of unbalanced distribution of gold. When a crowd start to correct the unbalanced situations due to monetary issues the price will spike. History showed this over and over again. Those events were just a small blip in the thousands years since gold was used as currency. He was only talking about a small blip. What will happen to the price of gold if all of the gold miners stop mining and delivering gold for one year, if their production is so small comparing to the world stockpile? Those trading every day trading volumes of 650 tonnes at LBMA are just paper trading by traders to scalp small profits among the traders, real physical movement is much much lower. If 650 tonnes is so big, will the market react strongly or hardly any thing if we remove 5 tonnes (less than 1% of LBMA trading) of physical gold from the market every day?