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  #1  
Old November 8th, 2011, 05:32 AM
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What is the future of Gold

A falling US Dollar,worldwide recession all this took Gold to the current peak of something $1600+ after touching a peak of $1900.

Will Gold be the currency of the future, along with yuan, yen and the rupee.

Or we wait for yet another bubble to bust.
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Old November 8th, 2011, 06:55 AM
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Re: What is the future of Gold

gold has reached immense highs. not sure of short term but long term it is supposed to never disappoint anyone. like if u want to invest for children, gold should be good anytime.
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Old November 8th, 2011, 09:22 AM
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Re: What is the future of Gold

I am thinking of buying land on mood... for my kids its probably gold, but 2 generations down mere bachho ke bachhe mujhe dua denge
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Old November 8th, 2011, 02:16 PM
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Re: What is the future of Gold

Gold prices will come down soon .
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Old November 8th, 2011, 02:23 PM
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Re: What is the future of Gold

On what basis are you saying that gold prices are going to come down soon.
As for now I feel the gold prices are up due to a weak US economy,european crisis.Do you see an improvement in both of these and even if there is an improvement what price level can we see gold in near future.
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Gold prices will come down soon .
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Old November 8th, 2011, 02:23 PM
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Re: What is the future of Gold

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Originally Posted by swami View Post
A falling US Dollar,worldwide recession all this took Gold to the current peak of something $1600+ after touching a peak of $1900.

Will Gold be the currency of the future, along with yuan, yen and the rupee.

Or we wait for yet another bubble to bust.
INR is trading @ ` 49.38 against the $ .. Currency of the future?
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Old November 8th, 2011, 02:25 PM
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Re: What is the future of Gold

Another reason I see for the gold price rise is online trading earlier only banks/financial institutes could trade online, but now with gold included in forward markets people play on a daily basis and to take home quick money at the end of the day the prices are rigged.
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  #8  
Old November 8th, 2011, 02:33 PM
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Re: What is the future of Gold

Today the world is looking up at Asia for recovery and we have only China and India strong in Asia.
This evening I heard one forex trader talking about swiss banks and how China is willing to bail them out against gold as security
Iski maa ka...BC, public bhi bindaas fekti hai.
But yaar I started this thread before meeting him
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INR is trading @ ` 49.38 against the $ .. Currency of the future?
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  #9  
Old November 8th, 2011, 02:53 PM
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Re: What is the future of Gold

Quote:
Originally Posted by swami View Post
On what basis are you saying that gold prices are going to come down soon.
As for now I feel the gold prices are up due to a weak US economy,european crisis.Do you see an improvement in both of these and even if there is an improvement what price level can we see gold in near future.
Gold prices will stay up if US infuses more prinnted money in the economy , in short takes on more debt . If not gold prices is coming down .
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  #10  
Old November 8th, 2011, 02:57 PM
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Re: What is the future of Gold

Gold is just a bubble waiting to bust nothing else,first we saw the stock market,then came Y2K,then it was real estate and now its gold.The average bubble time is 10 years so we can expect gold prices to stable after few more years.

Now dont expect people to throw away their gold but it will come out from this unrealistic high,as it was with the property markets.
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  #11  
Old November 8th, 2011, 09:16 PM
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Re: What is the future of Gold

a friend asked me to invest USD 57k to buy 1kg gold coz by the next monthit going to be USD 65k
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Old November 8th, 2011, 09:21 PM
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Re: What is the future of Gold

I don't own even a single gram of gold

jeetIAF
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Old November 9th, 2011, 08:43 AM
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Re: What is the future of Gold

Quote:
Originally Posted by marvelous View Post
a friend asked me to invest USD 57k to buy 1kg gold coz by the next monthit going to be USD 65k

and how much ur friend is investing in that?
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Old April 15th, 2013, 05:11 AM
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Re: What is the future of Gold

Gold futures hit lower circuit at Rs 26,250 per 10 grams



NEW DELHI: Gold futures prices on Monday plunged by 6 per cent to hit lower circuit at Rs 26,250 per 10 grams, a level last seen in September 2011 on sustained offloading by speculators after it dipped to over two-year low overseas.


At the multi-commodity exchange, gold for delivery in June fell sharply by Rs 1,675, or 6 per cent, to hit lower circuit at Rs 26,250 per 10 grams, the lowest level since September 2011. It recorded a business turnover of 62,884 lots.

Similarly, gold prices for delivery in August declined by Rs 1,700, or 6 per cent, to hit a lower circuit at Rs 26,643 per 10 grams, in a business volume of 2,910 lots.




At the Delhi bullion market, gold prices fell by Rs 750 to close at over 15-month low of Rs 27,600 per 10 grams on Monday.

Analysts attributed persistent fall in gold prices at futures trade to speculative selling by participants after the yellow metal dropped to a two-year low on fears of central bank sales and less monetary stimulus, while holdings on global exchange-traded funds hit their lowest in more than a year.

"Meltdown in gold prices in the global market, where it dropped to a two-year low mainly weighed on the precious metal prices at futures trade here," said a Delhi-based analyst Shree Bhagwan Garg.

A weakening trend on the domestic spot markets as a falling rupee hit buying activity also weighed on the bullion prices, they said.

Meanwhile, gold dipped below $ 1,400 mark by dropping $ 90.70, or 6.14 per cent, to $ 1,386.30 an ounce in London on Monday.



http://timesofindia.indiatimes.com/b...w/19559507.cms
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Old April 15th, 2013, 06:15 AM
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Re: What is the future of Gold

It looks like gold investors are throwing in the towel...or selling their positions in order to rotate money into the stock market.

Also, there is increased talk about Euro nations selling their gold holdings.

Several narratives are at play here.

For folks who have not invested anything in Gold, this is probably one of the best entry points. It might head a bit lower (say low $1300s - high 1200s), but the overall bullish trend is still intact.

Just my $0.001 oz of gold.
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