gold, page-18199

I like your kind self would like nothing more than invest in company that are stable, make things that people want and employable real people and all that jazz... None of the shipping out jobs to low cost country to cut cost and maintain expanding margins at the cost of local human resources. This is what Globalisation does to the Industrial revolution of human capital. Just like capital, human services are mobile hence the low cost jobs are exported out to BRIC countries and the West import the goods and services in return. The is the way things are done these days, out of our ethical control. Trump is trying to balance this side effects of globalisation for better for worse.

You and I are but two little twerps trying to create some financial independence or retirement nest egg in this climate of financial engineering now on a Central bank scale. Of course there are systemic dangers/failures and I can only pray that if it should happen my exposure to risks (stocks and all asset class) is set at manageable levels so it does not wipe me out. When the damage happens blame isn't going to recover the losses and I was not fortunate enough to survive through GFC and actually prosper (luck) as well as China mother of all stimulus post GFC. It is because of these lessons of the past when given another chance to come back and invest that I don't take things for granted regardless of asset class. Most here see gold as a saviour of their financial souls with the view that what they hold cannot corrode and difficult to extract. It is fine thinking this way but 1900 to 1170 currently should alert that something is wrong with this form of 'solid money'. Even the mighty USD, world's reserve currency, suffers demand and supply issues!

The consensus view here is that long term, it will come back to the glory days and the minute some esteemed poster make a case using market crash, bankrupt Feds, bank failures, WW3 and all the kitchen sink Friday 13th frighteners, the number of TU suggest the pied piper leading the crowd into the hills beyond (LT).

When real info is posted such as USDX or stock indices are showing the opposite, out comes conspiracy theories to suggest the system was broken then manipulated to show fakery. The mind boggles how some folks can't distinguish between facts and fictions. Fictions in my view are theories with the benefit of hindsight can offer a logical explanation of past events. So the fiction that QE 1&2 were hyper-inflationary was "proven" incorrect as gold shot up then fell back. On QE3 the goldbug were wanting the hyper inflationary side effects but fighting a losing battle as succeeding CPI figures indicated otherwise. However you won't find anyone admitting to this! Ditto Trump the saviour of gold turned the instigator of stock crash with piling more debt with the help of Yellen's anticipated rate hike.

We don't hear anymore about DBK/Banco Peschi and when I brought out the SP of DBK, it was ridiculed with manipulation etc..... We now have moved from Bible Shemitah, Jubilee to 1bil Muslims rushing to fill their coffers will gold. If I ask why gold was falling as I feared from Sept/oct all I got was confirmation bias trendlines but somehow magically disappeared from the weekly trendline that clearly showed price struggled to break the top!

Now we have move on to the ethics of investing, looking for company that makes ethical products and none of the cost cutting, optimise accounting to look after shareholder. Maybe you guys should pressure your gold company CEO especially those with a pile of reserve cash to start paying their employees a batter rate. Eshmun said gold long term will see glorious days so nothing to fear for these profitable gold producers.

If only investing was as easy as BHP strategy, bottom drawer or stick head in the sand "time in the market instead of timing the market".... Amen.