Time for Gold to turn?



lLocA4e.jpg


i'm seeing strong signals to be short gold
 
I never quite understood gold investors tbh.

When the price goes up, it's because of strong fundamentals.

When it goes down, it's because of manipulation.

By conveniently blaming "those evil manipulators" whenever something you invested in goes down in value (like for example, if you bought gold in late 2011), you aren't assuming responsibility for your decisions and are therefore refusing to learn from mistakes. Bad idea.

Gold will eventually turn but in my opinion, that won't happen until most gold enthusiasts finally give up. We're not there yet.
 
Gold is not exactly an Investment.

Smart investors buy physical gold (and other precious metals) and store them in a safe place in case of a "disaster scenario".

You know that in case of another world war, major economic collapse, huge natural disaster or anything like that, there's a good chance that your dollar bill will be close to worthless.
 
avatar33 said:
Gold is not exactly an Investment.

Smart investors buy physical gold (and other precious metals) and store them in a safe place in case of a "disaster scenario".

You know that in case of another world war, major economic collapse, huge natural disaster or anything like that, there's a good chance that your dollar bill will be close to worthless.
Click to expand...

what is it you're going to do with your physical gold in this scenario?

im genuinely interested, as I reckon I'd either be killed for it, or just look at it. Where would one physically take it that could be trusted and walk out with something you could actually make use of?
 
I always see these posts about Bitcoin/gold/silver/etc...

Investing in any currency is pretty much a crap shoot because unlike a stock they face an ever-changing number of variables that you can't predict...

Last week, NUS (Nu Skincare) was accused of being a pyramid scheme by a major Chinese newspaper and their stock tanked (makes sense). You could've shorted and had an edge. Various price points presented themselves as good entry points... Tanked from $115 to $90 overnight and was an easy pre-market short... Next day opened at $80 and tried to go red/green but failed (good entry point for a short).

LKQ was accused of being a fraud by a short-biased research firm (Prescience Point) and the stock tanked (makes sense).

Companies report positive earning and a stock rises... You can buy early or dip buy and still have some sort of good risk/reward ratio.

You can backwards rationalize your investment and give me a whole bunch of reasons as to why Bitcoin/Gold SHOULD do this or that but the reality is stocks/currencies don't always do what they SHOULD do...

Especially currencies/commodities which are at the mercy of random global/governmental events.

No matter how much you convince yourself Bitcoin SHOULD go up, the reality is you have NO EDGE whatsoever if you're investing blindly with no entry/exit points based on technical analysis (which is still iffy because technical analysis is less solid on currencies)

Bitcoin is hot right now so I can see why you would be biased towards the upside, but the bottom line is that you're GAMBLING big time by investing in Bitcoin. While it's not as quick as a roulette spin, this gamble will play out over a longer period of time.

There's also so many cryptocurrencies popping up now that there's no way of guaranteeing Bitcoin will be the one that makes it, if any of them really make it at all.

You now see Bitcoin being adopted by mainstream organizations (Sacramento Kings/ Overstock) but the price has NOT skyrocketed. Looking at the chart, 600 is solid support on it but the fact that it hasn't held gains is a big red flag... It may keep holding 600, but one big negative event is all it would take to collapse the price...

Good luck...
 
  • Like
Reactions: morphy
TheLiquidWrench said:
Investing in any currency is pretty much a crap shoot because unlike a stock they face an ever-changing number of variables that you can't predict...
Click to expand...
While there will always be randomizers, there are always drivers too, both seen and unseen.

The trick is to know when you're seeing all the drivers & incentives. If you don't, then it's best for everyone to just stop talking.

I see them for bitcoin... I do not for gold. That's why I started this thread to ask.
 
AdamC said:
what is it you're going to do with your physical gold in this scenario?
Click to expand...

Use it as a bribe to buy my escape out of wherever hellhole I am in.

There have been lots of times and places the world over where a bit of gold has saved people's lives. Those were often times of war or hardship where the paper currency went to shit in hurry and you couldn't bribe people with it.

If you are earning a decent amount, setting aside a few grand in gold isn't a big deal. Especially on the off chance that it proves useful one day. I think of it as more an alternative type of insurance, and for the same reason that I have a small amount of ammo and food stored. I might never need it, but if I do I'll be glad I have it.

AdamC said:
Where would one physically take it that could be trusted and walk out with something you could actually make use of?
Click to expand...

Have you never done any bartering/trading in your entire life?
 
I was big into the gold idea about 4 years ago, but I don't really see it today.

Times are changing.

The rise of cryptocurrencies kinda replaced the movement toward gold as a storage of value for people that don't trust their current currency.

Also, public perception has turned a bit.

I don't think people are as convinced the economy is gonna crash like they were four years ago.

Again, just my thoughts, but I don't envision gold having a big rise any time soon.
 
I stack silver and I have zero concern about the price of silver in terms of dollars. All I care about is ounces of silver. It's not an investment, it's money.

In the 1950's an ounce of silver could buy about 4 or 5 gallons of gas. In 2014, an ounce of silver can by about 4 or 5 gallons of gas.

Leaving this here in case anyone is interested and hasn't seen it yet... Marc Faber is the man.

[ame=http://www.youtube.com/watch?v=fWI2OPcabtk]The Bubble - Raw footage of Marc Faber interview - YouTube[/ame]
 
at this time last year gold was nearly $1700 an ounce. today its about $1250.

why?

unemployment continues to fall
stock market is kicking ass. S&P closed at an all time high 4 days ago
real estate coming back hard. last december home prices climbed in 20 metros by the most in the last 7 years.

Gold is not coming back any time soon, in fact its going to keep falling. People buy gold when they're scared. People aren't scared today.

It's not a good time to buy IMO, not yet.

Buy when they're high, sell when they're scared.

I missed the bus last recession but I learned a lot. I won't miss the bus next time.

charlie.simm said:
When the price goes up, it's because of strong fundamentals.

When it goes down, it's because of manipulation.
Click to expand...

lol
 
Why are so many people into those doomsday-scenario gold-conspirarcy things? Probably ZeroHedge is responsible for this (noticed how ZH was plain wrong for the last 4 years in nearly everything?)

This wasn't the reason why so much money went into gold pre-2011. Funds, investors, etc went into gold as a hedge against deflation, not to stack for an apocalypse.

The markets are fine again, deal with it already. So there isn't much valid reason left to hold gold any longer. And guess what the price has been reflecting that for the last 2 years.
 
Andrew Scherer said:
at this time last year gold was nearly $1700 an ounce. today its about $1250.

why?

unemployment continues to fall
stock market is kicking ass. S&P closed at an all time high 4 days ago
real estate coming back hard. last december home prices climbed in 20 metros by the most in the last 7 years.

Gold is not coming back any time soon, in fact its going to keep falling. People buy gold when they're scared. People aren't scared today.

It's not a good time to buy IMO, not yet.

Buy when they're high, sell when they're scared.

I missed the bus last recession but I learned a lot. I won't miss the bus next time.
Click to expand...

Completely agree.

I was pro Gold back then, but more as an active observer. Just by studying its trends, along with what happened, and what is happening now, I learned a ton.

There are way better returns than gold right now, and thats where the money is going.

Like you mention, Real Estate has bottomed out, and stocks have been going up for 3+ years straight.

Things look way less bleak than they did 4-5 years ago.

mailing said:
Why are so many people into those doomsday-scenario gold-conspirarcy things?
Click to expand...

I think this trend has already come and gone, IMO.
 
I understand gold is a globally recognized currency, but it just doesn't do anything for me. in the event of financial collapse, you can keep you gold and I'll hold onto my horde of booze, guns and boobies.

tumblr_mz24o84HRb1toqbaho1_400.gif
 
You must log in or register to reply here.
Top Bottom