GOLD

Post by **tigerryan** » December 24, 2012, 10:04 am

Negative real intrest rates are here to stay thanks to market manipulations by the Fed. The Fed is attempting to protect us from all things that are natural and often painfull. The inverse correlation of gold and intrest rates is not perfect but we are in uncharted waters the ralation seems to be holding for good reason like the obvious....... risk adversion. This little correction we have just witnessed is a blip in the long term bull gold market, thats my call.

Post by **rick** » December 24, 2012, 5:15 pm

No, Gold is over priced. Noticeably both myself (via financial marketing) and my wife (via friends who want to sell her there gold) have seen a marked increase in 'offers'. A sure sign that those with some acumen are trying to unload. it has been falling for 3 months, but mainly in the last month - down a $100 in the last month alone. it may rise again, but i cannot see big gains for a couple of years - if then.

But i must admit where to put your money is now problematic - interest rates are still falling, so cash now offers a poor return - depends where you invest, but in the UK shares are only back where they were 5 years ago, house prices still down, and no signs either will rise much.

Post by **parrot** » December 25, 2012, 7:24 am

http://mobile.nytimes.com/article?a=100 ... =Columnist

Paul Krugman offers his assessment of financial 'Doomsday Preppers '.

Post by **leterry60614** » December 26, 2012, 3:35 am

parrot wrote:http://mobile.nytimes.com/article?a=100 ... =Columnist

Paul Krugman offers his assessment of financial 'Doomsday Preppers '.

Liked this article up to the conclusion, when Krugman wrote this "So we cannot and will not persuade these people to reconsider their views in the light of the evidence. All we can do is stop paying attention. "

Seems to me that it' only natural that Doomsday Preppers and the opposite side of the aisle won't talk. And it's fine to stop paying attention to some media but elected representatives have a duty to communicate.

Post by **bumper** » December 26, 2012, 6:51 pm

Well it would seem that if the guy had acted in 2010 he would made a few bucks.

The prices today scare me. Things really don't seem to be following the norm. Dollar down Gold up.

Post by **wiking** » December 26, 2012, 7:10 pm

this whar happend is the golden rule

when the small money start to buy the big guys going out

Post by **KHONDAHM** » December 26, 2012, 8:23 pm

This sort of action happened just before the boom dropped in 2008. Big money preparing for redemptions. I'm not saying it will happen, but I sure would not be surprised...

Post by **bumper** » December 27, 2012, 6:09 pm

Worth keeping an eye on. A lot of gold I'm told was purchased by nations last year. How accurate that is I have no idea.

In watching a history special program the most sought items in the next decade will be water and food.

Post by **udonthani** » December 28, 2012, 6:04 pm

Gold prices unchanged
Thu, 27 Dec 2012 09:32:00 +0700 : The Gold Traders Association this morning announced the buying prices at 23,695.08 baht per baht-weight for gold ornaments and 24,050 baht per baht-weight for gold bar.

Post by **kjellsnell** » December 29, 2012, 8:30 am

The price allways goes down after new year....

Post by **pienmash** » December 29, 2012, 8:34 am

kjellsnell wrote:The price allways goes down after new year....

very true ........ then rise again for the Chinese new year

Post by **pompui** » January 1, 2013, 12:21 am

What time do the gold shops open this morning

Post by **KHONDAHM** » January 1, 2013, 6:16 am

pompui wrote:What time do the gold shops open this morning

0800-1000 depending on where they are located and how drunk they got last night.

Post by **udonthani** » January 5, 2013, 6:03 pm

Gold adjusted 8 times, down B500
Fri, 04 Jan 2013 17:27:00 +0700 : The Gold Traders Association at 16.17pm announced its eighth price adjustment on Friday with the buying prices set 23,361.56 baht per baht-weight for gold ornaments and 23,700 baht per baht-weight for gold bar.

Above is a clip from bangkok Post

Post by **bumper** » January 5, 2013, 6:05 pm

Anyone got a clue on whats going on with this? The Cliff issue wasn't solved just kicked down the road.

Business > News
Gold adjusted 8 times, down B500

Published: 4/01/2013 at 05:27 PM
Online news: News

The Gold Traders Association at 16.17pm announced its eighth price adjustment on Friday with the buying prices set 23,361.56 baht per baht-weight for gold ornaments and 23,700 baht per baht-weight for gold bar.

The selling prices were set at 24,200 baht per baht-weight for gold ornaments, and 23,800 baht per baht-weight for gold bar.

The price was adjusted down five times and raised three times. At the end, the price was down 500 baht from Thursday’s close.

The buying prices on Thursday closed at 23,846.68 baht per baht-weight for gold ornaments and 24,200 baht per baht-weight for gold bar.

The selling prices closed at 24,700 baht per baht-weight for gold ornaments, and 24,300 baht per baht-weight for gold bar.

Jitti Tangsithpakdi, president of the Gold Traders Association, said the gold price dropped in line with the trend in the global market. Investors had no confidence in US monetary policy as they were afraid that the US Federal Reserve may increase interest rates quicker than expected after the US Congress passed legislation solving its “fiscal cliff” issue.

Post by **KHONDAHM** » January 6, 2013, 4:17 am

The Fed clearly indicated interest rates won't rise until employment drops to 6.5%, so that much of the article is waaaay wrong. They also clearly announced QE injection at set monthly amounts at the expiration of Operation Twist which converted shorter term debt into long term debt to reduce the annual liabilities burden.

My sources indicate front-running by HFT algorithms in the paper gold market as a major culprit to the price action. That would explain the multiple price adjustments.

Post by **KHONDAHM** » January 6, 2013, 4:35 am

This is just a partial list compiled by some analyst. I'm aware of many, many more. Today's prices at 24,000-ish will soon seem like yesterday's prices of 16,000.

I have compiled a list of events, quotes, and facts from several sectors of the financial world regarding gold in the last year. I think it’s important to not only keep an eye on what people are saying, but exactly what are they doing. Below you will find "Just the Facts-2012". Please feel free to Google any one of them to learn more about the details. No opinions or conjecture, pure facts…

Amir Ness
http://www.thecovenantgoldfund.com

Famous Investors

Jim Rogers (Co-Founder of the Soros Quantum Fund) publicly stated in December: "I plan on selling federal debt and purchasing more gold and silver."

George Soros Increased his gold investment by 49% in 2012.

Marc Faber Laughed at the news caster who asked him if he thought gold was in a bubble and continued to say this: "It’s nowhere close to that stage; I keep a picture of Mr. Bernanke in my toilet, and every time I think of selling any gold I look at it and know better!"

Rob McEwen former ceo of GoldCorp. (GG) says he’s personally buying gold and silver; predicting that gold will eventually reach $5,000 oz. and silver $200 oz.

Central Banks

South Korea’s central bank purchased 450,000 oz of gold from 2011 to 2012. This represents a 600% increase in a little over 1 year. The central bank was quoted as saying "gold allows us to deal with the changes in the financial environment more effectively."

Brazil’s central bank bought 607,000 oz. in just the last three months of 2012.

Turkey’s central bank purchased 135,000 oz of gold in November, representing a 100% increase from last year’s purchases.

China, we cannot know exactly how much gold and silver China purchases because they only report the amount that goes through Hong Kong. However, we know that China has repeatedly purchased a lot more gold and silver than they admit to. Most recently, the banks in China have begun encouraging people to buy gold and silver coins by airing commercials on Chinese television.

India, gold imports have more than doubled since 2011 and investment demand inside India has reportedly increased 500%.

Germany, The Bundesbank has formally requested the Federal Reserve to return Germany’s gold.

Commercial Banks

J.P. Morgan now accepts gold as collateral.

Bank of America says "Gold will hit at least $2,000 oz in 2013"

Deutsche Bank released a new report, in it they say "We see gold as an officially recognized form of money for one primary reason: it is widely held by most of the world’s central banks as a component of reserves; we would go further to characterize gold as ‘good’ money as opposed to ‘bad’ money, which is fiat currencies.

I thought you would appreciate these facts, void of anyone’s opinion. Next week, I will be sending out a quick word on the new Basel III law that classifies gold as a tier 1 asset within the financial system. This is the process of what is called the "re-monetization" of gold. Gold is working it’s way back into the monetary system, and it has officially started effective January 1, 2013.

Post by **bumper** » January 6, 2013, 1:19 pm

Might be time to start taking a nip at monthly. I can't see anything that says the States have really done anything constructive towards debt.

Who ever wrote the Thia article seems to not be in touch with reality. If your buying paper gold, then you have paper. Here you can own the actual commodity.

Post by **Laan Yaa Mo** » January 14, 2013, 11:07 pm

I can't locate the thread on gold so a mod might want to move this there when found.

Monday, Jan. 14, 2013 9:30AM EST
Gold stocks to surge as much as 90% this year: fund manager
MARTIN MITTELSTAEDT

Gold will surge to new highs this year, a push upward that will cause a big rally in the depressed shares of precious metals miners, says John Hathaway, portfolio manager at New-York based Tocqueville gold fund.

How good might it get for gold miners? Pretty stupendous, in his view. Mr. Hathaway believes that when gold starts to trade sustainably above the $2,000 U.S an ounce level, shares could run up by 60 per cent to 90 per cent.

http://www.theglobeandmail.com/globe-in ... he-market/

Mod Note: Merged with Gold thread

Post by **fatbob** » January 15, 2013, 6:58 am

Economists all have there different views, who do you believe? I listened to one from Aus last week saying the gold price will go down as world economys recover.

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