Why is Gold still getting Arse rapped?

[icm63]

Re: Why is Gold still getting Arse rapped?

In the end the number of OZs you own will be king. Don't sweat the stupid shit.

Well thats not true, its how manty OZs you have and what you paid for them.

Point: How would you like to own 100,000 shares of Ebay @ $60.00 (from 2005).

Liquidation is not over yet. Jan 2009 will see more redemptions from the nervous nelly public in stock mutual funds.

[*T*]

Re: Why is Gold still getting Arse rapped?

I am also at phase 2.5, exiting -- the trigger was also the QE.
Very enlightening an impressive you were able to elucidate a subconcious process so clearly. I hope the realisation spreads sooner rather than later.

[blazespinnaker]

Re: Why isn't Gold still getting Arse rapped?

Because gold is the forth currency and, after all of the devaluations and reflations, may be the last one standing. From an upcoming analysis:

An ounce of gold buys a lot more oil today than it did a few months ago



Gold buys a lot more of the DJIA today than it did a few months ago, too.

Good stuff. I think it might be fair to say that gold is getting warmly valued.

Perhaps instead of betting for Gold, we should simply be betting against the dollar.

Other commodities (namely oil), might make more sense.

[jiimbergin]

Re: Why is Gold still getting Arse rapped?

You are doing a fine job of keeping you two okay just buy your investment strategy. Remember that.
And sorry for the loss of your previous spouse. Those wounds never heal completely, but I'm heartened to see that you moved past it.

(I lost my dad when I was 10 and it took me 20 years to move on from that)

Thanks, Marilyn and I had been together for 46 years since she was 14 and I was 15. My strong faith is what got me through her sickness and death. But I now have another wonderful wife and a very big family. We have 14 grandchildren between us. And all of our 6 children and spouses are doing well and are quite frugal, so they should do OK also.

[rtchoke]

Re: Why isn't Gold still getting Arse rapped?

Because gold is the forth currency and, after all of the devaluations and reflations, may be the last one standing. From an upcoming analysis:

An ounce of gold buys a lot more oil today than it did a few months ago



Gold buys a lot more of the DJIA today than it did a few months ago, too.

Is the time line incorrect on the second graph, or is the chart really looking out into 2012?

[rabot10]

Re: Why is Gold still getting Arse rapped?

I would like to explain my "gold sucks for now" comments to my fellow itulipers. I've been in the gold and silver camp for quite a few years. I have read all the books, gone to different seminars, bla, bla, bla.

I must say I have bought into the whole thing as I'm sure many of you have. I probably over allocated my portfolio into PM's in the past and lost a considerable amount of wealth. I should have more closely studied, asked questions and understood the ka-poom theory. Things are becoming more clear to me (I think). Ka isn't close to being over and I see ups and downs in the PM's with more down side pressure than up.

Over the last several years I've read articles regarding gold analogizing it to a baseball game. Some thought we were in the first inning, some the third, others heading to the top of the eighth. I don't think the game's started. I think we're just warming up. So anyone who has held pm's through all this economic turmoil should do well in the long run when we really get into the ninth inning. I just can't stand seeing my net worth go down. So I'm taking actions based on a few of EJ's predictions regarding the stock market and the commercial real estate market. Good luck to all of us. We are going to need it.

rick

[Tulpen]

Re: Why is Gold still getting Arse rapped?

there is still 12000 contracts demanding delivery for december doesn't tell me it's penny investors.

Lets see if those "investors" put their money where their mouth is.

Some gold longs are simply bad losers; rather than admitting that the price of gold failed to reach what they dreamt up in their minds they instead come up with some conspiracy or claim that the spot price of gold is not the real spot price.

[FRED]

Re: Why isn't Gold still getting Arse rapped?

Is the time line incorrect on the second graph, or is the chart really looking out into 2012?

Thanks for noting the error. Some oddball excel bug. Fixed it.

[grapejelly]

Re: Why isn't Gold still getting Arse rapped?

Thanks for noting the error. Some oddball excel bug. Fixed it.

I thought it was the WayForward machine that you have over there...whoops! The bag is out of the cat...

[jtabeb]

Re: Why is Gold still getting Arse rapped?

I would like to explain my "gold sucks for now" comments to my fellow itulipers. I've been in the gold and silver camp for quite a few years. I have read all the books, gone to different seminars, bla, bla, bla.

I must say I have bought into the whole thing as I'm sure many of you have. I probably over allocated my portfolio into PM's in the past and lost a considerable amount of wealth. I should have more closely studied, asked questions and understood the ka-poom theory. Things are becoming more clear to me (I think). Ka isn't close to being over and I see ups and downs in the PM's with more down side pressure than up.

Over the last several years I've read articles regarding gold analogizing it to a baseball game. Some thought we were in the first inning, some the third, others heading to the top of the eighth. I don't think the game's started. I think we're just warming up. So anyone who has held pm's through all this economic turmoil should do well in the long run when we really get into the ninth inning. I just can't stand seeing my net worth go down. So I'm taking actions based on a few of EJ's predictions regarding the stock market and the commercial real estate market. Good luck to all of us. We are going to need it.

rick

Rick, have I got a deal for you!

Lend me as much as you would like at 10% compounded annually.

Let me make no payments except for a balloon payment at the end. Term is 2-10 years, your choice but decided on in advance.

You'll be happy and I'll be happy, what do you say, brother?

P.S. I'll have colateral to back it up and more colateral (my own holdings) in case I come-up short.

I'm serious, PM me if you are interested.

[jtabeb]

Re: Why is Gold still getting Arse rapped?

Lets see if those "investors" put their money where their mouth is.

Some gold longs are simply bad losers; rather than admitting that the price of gold failed to reach what they dreamt up in their minds they instead come up with some conspiracy or claim that the spot price of gold is not the real spot price.

IF you find some at THE spot price, please let me know straight-away!

[Techdread]

Re: Why is Gold still getting Arse rapped?

Rick, have I got a deal for you!

Lend me as much as you would like at 10% compounded annually.

Let me make no payments except for a balloon payment at the end. Term is 2-10 years, your choice but decided on in advance.

You'll be happy and I'll be happy, what do you say, brother?

P.S. I'll have colateral to back it up and more colateral (my own holdings) in case I come-up short.

I'm serious, PM me if you are interested.

I bet your serious

Gold has been a good performer so far in this debt deflation it is near all time highs for us Uk pound earners.

Too much short term gazing methinks from the younger peeps, me I am with the old timers:cool:.

Just going to keep on loading up on the Gold, Silver, Oil and keep a bit of emergency cash.

Investing has never been so easy

[mooncliff]

Re: Why is Gold still getting Arse rapped?

Many outside Japan have been saying for months that they were having difficulty taking physical delivery of precious metal coins. The Perth Mint, US Mint, and other mints have suspended issuing coins, etc.

There has been no problem in Japan buying 1, 1/2, 1/4, and 1/10 oz gold Maple Leaf coins and other precious metal coins.

Until now.

Tanaka Kikinzoku Kogyo, a major precious metals retailer in Japan, recently announced to customers that it had no platinum coins left. Shortly thereafter, sales representatives were saying that they had essentially no gold coins left, and that they had no idea when platinum and gold coins would be available.

December 10, 2008