Busting,
Yeah, I've been wrong for a while, and while I do have exposure to a natural resources fund I have no direct exposure to gold, but I have dabbled with gold shares from time-to-time.
I just can't subscribe to the theory that fiat moneys will be worthless and you'll pay for items in gold. The idea that it's going to be worth $5k or $10k is something I can't imagine, and as I mentioned on another thread, world stockmarkets with only a couple of exceptions have outperformed gold for 6 months.
You gotta be wondering what the big boys are thinking with loads of exposure to gold, they've got customers on their back wanting them to make money. Too bad for the funds and their managers if they start losing it. They could lose their jobs.
Gold has made several attempts break out, and while I'm no technician the longer it goes on the harder it will be to break out barring some unforeseen event. Punters will lose patience, and I think the European crisis is overdone.
Could be wrong but my personal theory is that precious metals will disconnect from other commodities like coal, food, uranium etc. I think there's going to be some food inflation, my wife keeps talking about the cost of going to the supermarket. Apparently there's a lot of concern at the top in China that the cost of food will result in rioting, and there's already been some unrest.
Cheers.
- Forums
- ASX - By Stock
- is this the start
Busting,Yeah, I've been wrong for a while, and while I do have...
-
- There are more pages in this discussion • 155 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online