Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

Evident when the GDP figures was released this morn, gold popped...

First 52 Last

Share
Profile

Follow
bennybecks

7 Posts.

31/01/15

18:39

Post #: 14675059
Share

Originally posted by bennybecks ↑

Yes but looking at the USD across the board, it has demolished all the other currencies, even if you take away EUR. The underlying factor is what I'm trying to get that, people channeling their money into somewhere 'safe' which seems like it is in the US 'superficially', every news anchor screaming US.. US.. US... But when people read between the lines, eg. GDP figures that came this morning, 2.6%, people start realising that 2-3% of GDP was actually printed to give that 5% figure in Q3, only 2% organic. Hence, not as 'safe' as people once thought.. and relating it back to the topic, gold will rise because of the intrinsic value that it holds.

As the world deflates, gold will emerge the ultimate victor.

Expand

Evident when the GDP figures was released this morn, gold popped back up to 1280+ from 1250
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 152 more messages in this thread...

First 52 Last

Add GOLD (COMEX) to my watchlist