Monthly savings

[Mecisteus]

its recommended to keep a maximum of 10% of one's portfolio into precious metals or commodities. so there shouldnt be great doubt or scepticism unless you dump all your money into gold.

 

[Shiny Things]

the biggest mover of gold is not the retail. central banks are in fact holding large hordes of gold. so you think the central banks are wrong themselves?

Dude, a decade ago the central banks were falling over themselves to sell gold in the 300s. Gordon Brown famously smashed out most of the BoE's gold at the ding-dong low (and at the time he was hailed as a hero).

Now they're all buying it back $1500 higher.

Yeah, I reckon the central banks could be wrong at 1800, just like they were wrong at 300. I wouldn't be putting my hard-earned in Trade Like A Central Bank Capital Management LLC, at least.

 

[Mecisteus]

Dude, a decade ago the central banks were falling over themselves to sell gold in the 300s. Gordon Brown famously smashed out most of the BoE's gold at the ding-dong low (and at the time he was hailed as a hero).

Now they're all buying it back $1500 higher.

Yeah, I reckon the central banks could be wrong at 1800, just like they were wrong at 300. I wouldn't be putting my hard-earned in Trade Like A Central Bank Capital Management LLC, at least.

10 years ago? sounds like after the dot com bubble. there could be a reason for selling. probably to raise funds during the crisis.

like i say, limit one's exposure to precious metals. dont dump ie more than 10%.

 

[Mecisteus]

rumours saying QE3 is coming. and you know what will happen if its true.

US keeps on insisting that China's currency is undervalued. Since they dont want to appreciate their currency, another alternative is to devalue the USD.

 

[marnee]

Anyone can help clarify....if these central banks are the the world or 1 of the worlds large gold owners y cant they easy bail their economies out..US & Europe has so much of them..

 

[FP_IFA]

Anything that raise so parabolically will always correct. And note that this is not the first time gold ever raise in such a pattern. Go and look at the last 36 years gold price history. There was once gold went into the exact same pattern going up by 425% over a 2 years period. The important thing is what happen after.

Back in 2011 when gold was at $1800 and I was warning of a sharp retracement. Expecting support at $1200 though.

 

[FP_IFA]

Back in 2011 when gold was at $1800 and I was warning of a sharp retracement. Expecting support at $1200 though.

Lets see how long $1200 can hold. Its been holding for more than a year now and each time the rebound is getting weaker.