GOLD

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bumper
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GOLD

Post by bumper » September 27, 2014, 12:21 pm

Someone was asking about silver some time back, this is the only thing I've seen on it.


http://www.cnbc.com/id/101978880


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bumper
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Post by bumper » October 1, 2014, 12:29 pm

A Scaring the heck out of $1,200 I really don't think it's done yet. So I will remain patient.

http://www.bangkokpost.com/business/fin ... -to-b18600
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BigRick808
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Post by BigRick808 » October 1, 2014, 9:44 pm

Just bought 100 of these yesterday(here) when silver was 16.95. I still think silver will go to $16 and gold at 1100$ by January, but since these are 2014's and limited at a low markup, I went for it. http://www.jmbullion.com/on-sale/

bumper
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Post by bumper » October 3, 2014, 9:55 am

Thai Gold price 1860, I think it will go to the 1700 range and that is when I plan on buying Ingots, for a long term hold.

Those who bought at higher prices more then likely will recover what the bought at and some. If the economies look good Gold should go down. When it goes bad again and it will, Gold goes up. Gold is tricky as you have be careful of all the hype. Will Gold hit $5.000 an ounce yes it will will it be in my lifetime I don't know.

I still remember when we were going to use the dollars to start our fires with. Well it's still here America hasn't folded up its doors and went away. Those who bought good U.S. companies prior to 2008 and held on got rewarded for it.

I watched Buffet for an hour on CNBC last night I can sum up his success easily, never buy any business that you don't understand.

To add a bit what the market is doing today has little to do with what that business will do in 10 years.

Always buy at the right price. It was interesting he wasn't really basing that on what the market was doing but more on what the business itself would do

However he did admit he bought more when the market and prices were down.

Gold is not hard to understand, all the hype can be tricky.
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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joepai
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Post by joepai » October 3, 2014, 1:01 pm

Shame Buffet does not do what he preaches - he screwed up on Tesco's and even admitted it.
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JimboPSM
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Post by JimboPSM » October 3, 2014, 2:35 pm

joepai wrote:Shame Buffet does not do what he preaches - he screwed up on Tesco's and even admitted it.
Shame you can't get your facts right [-X

Buffet did not screw up Tesco, he (Berkshire Hathaway) was an investor in Tesco not part of its management; what he admitted to was that he had made a mistake in investing in Tesco.

From BBC Business:
Billionaire investor Warren Buffett has described his decision to invest in Tesco as a "huge mistake".

Mr Buffett's Berkshire Hathaway firm owns a 3.7% stake in Tesco, worth hundreds of millions of dollars.

But the supermarket's share price has fallen to an 11-year low this year on the back of declining sales and an investigation into its accounts.

"I made a mistake on Tesco. That was a huge mistake by me," the legendary investor told CNBC.

Original article: http://www.bbc.co.uk/news/business-29457053
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joepai
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Post by joepai » October 3, 2014, 4:20 pm

Yep agreed he screwed up with Tesco
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BigRick808
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Post by BigRick808 » October 3, 2014, 11:05 pm

wiking wrote:I wrote for long time ago - 900 dollar - and this is still the target

but off course with 1 step up and two down

The stuff is dropping! Care to put a quarter(3 months) or even a half(6 months) and a year on that number? The lower it goes, the easier that should be :lol: Jim Rogers has been calling for gold under $1000. Many others have, too, but their dates have passed by a year or so. I'm listening....

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Laan Yaa Mo
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Post by Laan Yaa Mo » October 4, 2014, 8:57 pm

Gold is down to $1190 (Canadian) or so, far from the $2,000+ (U.S.) predicted by Khon Dahm in what seems aeons ago.
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bumper
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Post by bumper » October 5, 2014, 2:02 pm

A lot of what was being said was just hype, to make sales. We have learned that it can be manipulated. But there is a real value, not so sure we are there yet.
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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