mafya Posted April 16, 2013 Share Posted April 16, 2013 Gold price is being manipulated= http://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation Link to comment Share on other sites More sharing options...
Cyclone Posted April 17, 2013 Share Posted April 17, 2013 Depends. Gold has always held some kind of value. Apart from other precious metals what else has? Anything that is scarce basically. But I didn't say gold wasn't a good investment. I said that the extremely simplistic and short sighted statement "it's always worth something at the end of the day" applied to many things and didn't make something a good investment. ---------- Post added 17-04-2013 at 07:41 ---------- Mmmm!................but all those things have to be bought with some kind of exchange mechanism,and governments know they can manipulate the price of paper money more than they can gold which was the original exchange mechanism and the one that I would ultimately trust against any fiat currency. Gold will ultimately deliver! the current price is a blip.The greenback might be the worlds reserve currency,that may be because they hold the worlds largest gold reserves by far. The current price might actually be a bubble rather than a blip... It's very late in the run to be recommending that people invest in it. ---------- Post added 17-04-2013 at 07:43 ---------- What is a good basis for making an investment, gold is a pretty safe bet companies can go bust, currencies can crash and no-one knows what the future holds. There are lots of things that make something a good investment. But what you said. "It will always have some value at the end of the day" Is definitely not one of them. "Some value" sounds like a recipe for losing a lot of money. Link to comment Share on other sites More sharing options...
Oh Carol Posted April 17, 2013 Share Posted April 17, 2013 Anything that is scarce basically. But I didn't say gold wasn't a good investment. I said that the extremely simplistic and short sighted statement "it's always worth something at the end of the day" applied to many things and didn't make something a good investment. ---------- Post added 17-04-2013 at 07:41 ---------- The current price might actually be a bubble rather than a blip... It's very late in the run to be recommending that people invest in it. ---------- Post added 17-04-2013 at 07:43 ---------- There are lots of things that make something a good investment. But what you said. "It will always have some value at the end of the day" Is definitely not one of them. "Some value" sounds like a recipe for losing a lot of money. Property prices in UK are not worth anywhere near the prices asked in real terms and could collapse if not for government manipulation.Like wise gold is currently in the process of downward manipulation to protect the dollar.But like many experts have suggested,gold fundamentals for price rises are still in place,it won,t be kicked into the long grass too much longer. I will be a buyer at these prices.A few countries have no option but to sell some of there gold reserves,but other countries are secretly buying.A correction has taken place which is healthy in the longer term! ---------- Post added 17-04-2013 at 13:48 ---------- This article point the direction,..... Gold’s price is directly proportionate to the massive amount of debt that is being created to keep the current fiat system alive. This will likely continue until a crisis, such as a severe global recession or hyperinflation, strikes one of the major developed economies. Either event will be bullish for the gold price, but for different reasons. The price is being driven by the physical market in the developing countries, especially India and China. China has to continue buying as much physical gold as possible if they expect to eventually compete for world reserve currency status. Some estimates state the Chinese hope to have at least 10,000 tonnes to out-rank their main competitor for gold holdings—the United States. In 2012, the world mined gold production was approximately 2,700 tonnes. Of which India and China bought nearly 2,000 tonnes between them. Over the past five years, emerging markets accounted for 70 percent of gold demand. The question of who actually owns the United States’ gold is debatable and made particularly opaque by complex, highly secretive gold lease agreements. The increased calls for gold repatriation and for audits of Fort Knox and the U.S. Federal Reserve could shed light on this issue in the coming years. This is the perfect time to hold gold and silver for wealth protection. Fund redemptions, negative institutional sentiment, financial repression and the raging currency war ensure gold will continue its climb towards $10,000 an ounce. I expect that gold will end 2013 between $1,900 and $2,000 an ounce, and silver between $40 and $45 an ounce. In a world where financial and geopolitical certainty is evaporating, no one knows what Black Swan event could cause an explosion in the gold price. Some have suggested it will be the failure of a major bank through derivative exposure, or a Middle East war. A major downgrade of U.S. bonds might also be the catalyst. In 2013, as has been the case since 2001, the best policy for wealth protection remains to simply buy and hold uncompromised bullion until we are once again on solid economic footing. Link to comment Share on other sites More sharing options...
Cyclone Posted April 17, 2013 Share Posted April 17, 2013 Indian domestic purchasing is one of the largest market drivers, but the Indian government has started heavily taxing gold being bought into the country. We can check your figures at the end of the year. Link to comment Share on other sites More sharing options...
mediumfast Posted April 17, 2013 Share Posted April 17, 2013 Gold price is] being manipulated= http://www.thenewamerican.com/economy/markets/item/15116-after-gold-crash-experts-point-to-central-bank-manipulation The thing is you are using a link to an article about The Federal Reserve printed in The New American magazine which is the mouthpiece of The John Birch Society it is hardly going to be balanced is it? I am pretty sure if you look you will also find out that The NHS is a communist conspiracy and that the earth was created 5000 years ago but to base investments on such a source may end in tears. Link to comment Share on other sites More sharing options...
Oh Carol Posted April 17, 2013 Share Posted April 17, 2013 The thing is you are using a link to an article about The Federal Reserve printed in The New American magazine which is the mouthpiece of The John Birch Society it is hardly going to be balanced is it? I am pretty sure if you look you will also find out that The NHS is a communist conspiracy and that the earth was created 5000 years ago but to base investments on such a source may end in tears. Just one of many links saying the same thing! OK so you don,t think the that the gold price is being manipulated,or why would you post?...................can you advise us to the contrary,links or otherwise. Link to comment Share on other sites More sharing options...
Cyclone Posted April 17, 2013 Share Posted April 17, 2013 Why would you need a link to think it wasn't being manipulated? I don't think the price of flagstones is being manipulated, but I can't provide a link to prove it (since proving a negative is impossible that's obvious though). Who is supposedly manipulating the gold price and how? The recent drop appears to be a reaction to Cyprus selling off a large quantity for well publicised reasons and also in response to a slight firming of the global economy. Link to comment Share on other sites More sharing options...
NorthernStar Posted April 17, 2013 Share Posted April 17, 2013 Indian domestic purchasing is one of the largest market drivers, but the Indian government has started heavily taxing gold being bought into the country. We can check your figures at the end of the year. Wild ambiguity, sounds like somewhere between a recipe for disaster and a cop out to me. Can you be more specific so's we can take advantage of your apparent expertise? Link to comment Share on other sites More sharing options...
erebus Posted April 17, 2013 Share Posted April 17, 2013 Gold and silver have crashed in price, so now mining it is not economical.. Why it has been crashed might be because people want real gold, and not pieces of paper, thus selling lots of paper representing gold, allows gold to be delivered at a price that at J.P. Morgan can now afford. On the other hand with mining about to crash, gold lowest in price for years, might suggest the need to close the gold market for a time????? One assumes pushing precious metals down further????? Cyprus must have scared a lot of people, especially in countries where the banks rule, through imposed debts obligations. Something is in the air, and the bankers are up to something, as the apparent drop in gold prices suggest people are selling the metal like no tomorrow. Well tell that to China, India, Russia, and the rest of the cash rich countries. They have been buying whatever they can get hold of for years now, and maybe that is the point, we are all going to have to pay the banks more money. We pay in paper like Cyprus, easy to steal when in accounts, just a click of a switch. They never reveal their true debt obligation, letting us know they need more cash, and then they are given billions through continuous QE. The banks chose Greece first, as it represents the founding of democracy, now the banks rule, thus lost sovereignty . The UK has the most lax rules in the world for the financial industry, hence we are the centre of global banking, not forgetting low interest rates, for being a friend. Recently the BRICKS have decided not to play by western banking rules, starting their own banking system, and currency in opposition to the dollar. We in the west are all in debt, except Germany, and in the UK thank Thatcher for turning us away from manufacturing, except defence, as in weapons, which Cameron like Thatcher's son sell, when not trying to overthrow African governments that is. Cameron Libya, and pushing for Syria, plus helping in Africa, having helped getting democracy going in Afghanistan and Iraq. Come to think about it, we sell to repressive regimes and they export it to Syria, oil for guns. Silver in 1980 was $50 an ounce, now it is $15, and falling, so no manipulation there. Name another commodity that has fallen so much in over 30 years despite being used more than ever in industry. Photovoltaic, catalytic converters, electronics, so little demand there. Link to comment Share on other sites More sharing options...
mafya Posted April 17, 2013 Share Posted April 17, 2013 Heres another link saying the same thing= http://blogs.telegraph.co.uk/finance/thomaspascoe/100024081/the-gold-price-crash-is-further-evidence-of-market-rigging/ Link to comment Share on other sites More sharing options...
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