Gold

[BlasterBates]

Return of the Gold Standard as world order unravels - Telegraph

One of the big US banks texted me today to say that if QE3 actually happens, we could see gold at $5,000

[DimPrawn]

DimPrawn, no longer a millionaire.


.......



Now a multi-millionaire.

I've produced a video I'm so excited.

[DiscoStu]

George Soros reckons gold's a bubble waiting to burst.

So do I empty my BullionVault account or dump more cash in it?

[sasguru]

I seem to have wandered into the stupid thread. Bye!

[DimPrawn]

George Soros reckons gold's a bubble waiting to burst.

So do I empty my BullionVault account or dump more cash in it?

Gold will plummet 99% in value when interest rates are well above inflation. As US are talking about an even bigger money printing exercise instead, I'll leave you to decide which way gold is going to go in the meantime.

[PAH]

As I don't own any physical gold (the only type that matters) I'm hoping these announcements are by gold rampers looking to cash in at the peak they create.

There seems to be some enormous bubbles in the invesment world. Gold, property, various internet companies valued in the billions or trillions that are making relatively sod all profit. The last one seems familiar.

What will eventually pop all these bubbles this time?

[DimPrawn]

As I don't own any physical gold (the only type that matters) I'm hoping these announcements are by gold rampers looking to cash in at the peak they create.

There seems to be some enormous bubbles in the invesment world. Gold, property, various internet companies valued in the billions or trillions that are making relatively sod all profit. The last one seems familiar.

What will eventually pop all these bubbles this time?

All tanglible physical things as opposed to paper being printed in it's trillion. Have a read of this Hyperinflation in the Weimar Republic - Wikipedia, the free encyclopedia

And then decide whether you would rather own some gold, some property and some shares in a business or a billion paper marks.

[PAH]

Difference is we have the internet now and all money is just digits in a computer.

If things got so bad as to be truly comparable to the 1920s depression I don't think people will sit at home while those holding gold laugh at them on facebook.

The breaking point may well be when they can't afford the Sky subscriptions.

I think a global debt write-off is more likely. Who are the real creditors to all the national debts anyway?

[alreadypacked]

You can't be sure if the gold is real

BBC NEWS | World | Africa | Arrests over Ethiopia's fake gold

[BlasterBates]

Who are the real creditors to all the national debts anyway?

That will be your pension fund.