chiefj,
despite your disclaimer indicating a jestful tone, it must be said that the printing of money thing is not a new piece of news. It has been common knowledge since Earlier in the year.
And I totally agree with your theory on gold having outstanding safe haven qualities. I accept this entirely and agree wholeheartedly with it. Only a fool wouldn't.
But i also acknowledge other market theories such as that if a commodity runs from $260 to $1000 (300% increase) in 8 years, and it had generally over the years gone up more steadily than that, and, more importantly, there was no major reason for that other than safe haven buying (its only real purpose), then it is running ahead of its LT average.
You have to remember that when oil has a run from $50 a barrel to $150 a barrel in 2 years, it has done this because economies around the world are totally reliant on oil to function. No economy is totally reliant on gold. If you can come up with a machine that runs on gold, i will alter this line.
- Forums
- ASX - By Stock
- GOLD
- just punched through 990
just punched through 990, page-29
-
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)