Gold Drop

I hope it drops a few hundred :). I'm in the market to buy lol.

What do you mean manipulating? In the past 6 months gold is up $180.00 an ounce. A little 1% move in one day is nothing. You need to have a bit more risk tolerance man.

I figured all this talk on faulting on the national debt would have raised metal prices.

Maybe it will jump once the gov stops paying its bills.

What do you mean manipulating? In the past 6 months gold is up $180.00 an ounce. A little 1% move in one day is nothing. You need to have a bit more risk tolerance man.


Yah, gold is already out of the reach of most but some people will not be satisfied with anything less than gold skyrocketing faster and faster to infinity without an inch down.

http://www.kitco.com/kitco-gold-index.html shows daily changes due to currency vs trading.

biggfredd: Thanks for filling in what I have failed to provide.

In your link, the 10 year price graph is the most illustrative of real gold value vs. inflation.

10 years ago, the price of gold was $400 per ounce. Now it is around $1000 per ounce, inflation adjusted. That is a 2.5 X increase in real value.

I have just used a reiterative process with exponentials on my calculator.

That process reveals that gold has increased in real value by 9.5% per year, inflation adjusted. THAT is what you call a real gilt edged investment.

Currently in Australia, interest bearing deposits over this term yield around 7%, on which income tax and inflation have to be allowed for, which reduces the real rate of return to about 1%. The real yield on the physical gold investment is close to 10 times better than that of an interest bearing deposit (in Australia).

When holding physical gold, these are not allowed for, although, legally a Capital Gains Tax should be paid on the re sale. The best way out of this (in Australia), is to buy and sell gold in 1/20 ounce lots to avoid the capital gains tax, because the sale price of 1/20 ounce is still less than $100.

with gold being traded around the world, the overall market is far too large to be manipulated. However, some day to day fluctuations can and will occur if some big money investor or a nation like Russia, China, etc decides to buy or sell huge quantities. Don't worry about the day to day stuff-just look for long term trends, and follow those.

Like Hock said in another thread, the USA is just the best looking ugly girl in a beauty contest right now, and Greece and its mess has stole the spotlight. The fundamental reasons Pm's and other commodities went up to begin with, will kick back in here soon. Especially with dumb and dumber (AKA the entire US political staff) about to toss yet another stick in the spokes of the the entire system. I think it was Leslie Nielsen that kept barging in on Ted Striker saying...."Keep up the good work, were all counting on ya", even after they had crashed landed, and that is what I say to the US government today....

I am sitting at 26 grams of gold and buying when I can, as I don't think it is ever going back the other way south, via a multi hundred drop. It has went from 250 an oz. to 1550 an oz. in just over ten years, so a 50 or 60 dollar fall is not even gonna worry me personally, just another buying window.

And perhaps two more coins will get me too my first oz. of gold, and that will be in the form of 20 separate coins or bars....