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Something I notice about gold
agentjim007
Posts: 6,256 ✭
When it's at $1800 the TV "experts" sy it's going to $2000. At $1200 the experts say it's going to $1000. Some university genius said down to $800. Can't they just admit they don't have a clue.
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Give Me Liberty or Give Me Debt
at a "fair" price !!!
If I look at charts (the plain simple ones from Kitco) I see a downtrend. Don't know when it can start going up again.
Tough, up and down leaves room for profit anyway.
Till just last week, all I had was silver (3 Green & 1 Yellow) Monster Box and another 300+ ASE's in PCGS Slabs
I picked up 40 = 1/10 ounce GAE's would like to pick up another 60 if gold was to drop say $15-$20 more per ounce.
They don't take up as much room as my silver . . . LOL
Blessings
John
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When we step back and look at the factors that drove up the price more than fivefold in the last decade, those factors are even more prevalent today than they were at the beginning of gold’s run. Back in 2007 when gold claimed the $800 per ounce mark for the first time in over 20 years, there was no money printing, no “QE”, no global financial collapse, and no threat of hyperinflation.
Now you want to tell me that gold should be at the same level it was then? The same level it was before the Fed tripled the money supply? The same level it was before the largest experimental economic intervention in history?
<< <i>No one knows how exactly the markets are going to behave. However two of the most influencing factors that drive up or drill down gold prices are – economic outlook and strength of the dollar. This is why you gotta keep your eyes and ears open to credible precious metals market news and keep a tab on every latest development that could drive the market either ways. In fact, I buy in the prediction of gold at $800 per ounce. >>
Looks like another gold rah rah sheet to me.
<< <i>I'm still looking for some
at a "fair" price !!! >>
That means about 50 bucks under spot with free shipping.
The BST forum has a lot, what's wrong with those prices??
<< <i>When it's at $1800 the TV "experts" sy it's going to $2000. At $1200 the experts say it's going to $1000. Some university genius said down to $800. Can't they just admit they don't have a clue. >>
They just haven't a clue about market psychology.
Knowledge is the enemy of fear
<< <i>Can't they just admit they don't have a clue. >>
Funny you mention this. I'm reading through Nate Silver's The Signal and the Noise, where he talks about predictions, forecasting, guesses, and why some work and others don't. Anyway, he devotes an entire chapter to the science (and business) of weather forecasting. He mentions that you rarely see a weather forecaster giving a "50% chance" of rain/snow happening, because 50% is just not interesting enough (even if it's accurate) to tell the public. So when the weather forecast algorithms- which can rack up some heavy hardware to calculate- give out a 50% chance of something happening, the weather forecasters literally flip a coin to decide whether they'll report the probability as either 40% or 60%... even though it's wrong.
Long story short, journalism has strayed away from truly being "scientific," and has gone toward whatever sells.
Interests:
Pre-Jump Grade Project
Toned Commemoratives
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