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#1
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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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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#2
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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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Only peace remains at last! |
#3
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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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#4
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Re: What is the future of Gold
Gold prices will come down soon .
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If you win you need not explain.. But if you lose you should not be there to explain |
#5
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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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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#6
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Re: What is the future of Gold
Quote:
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My Karma just ran over your Dogma! |
#7
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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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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#8
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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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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#9
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Re: What is the future of Gold
Quote:
__________________
If you win you need not explain.. But if you lose you should not be there to explain |
#10
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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.
__________________
There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#11
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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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nobody is perfect, perfumes that smell the best taste the worse. |
#12
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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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One isn't born one's self. One is born with mass of expectation, a mass of other people's ideas- and you have to work it all.- Sir VS Naipaul |
#13
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Re: What is the future of Gold
Quote:
and how much ur friend is investing in that?
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#14
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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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There are four kinds of people to avoid in the world: the assholes, the asswipes, the ass-kissers, and those that just will shit all over you. |
#15
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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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