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Gold

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    Gold

    " Global gold demand in the three months to September was 1,084.6 tonnes, down from a record 1,223.5 tonnes in the third quarter of 2011. However, demand remained above the five-year quarterly average of 984.7 tonnes.

    Gold buying hit a record in the 2011 period as investors sought a safe haven from an escalating eurozone crisis and steep rises in inflation. The metal is regarded by many investors as a hedge against rising prices and a safe haven during times of crisis.

    In value terms, gold demand was 14pc lower on a year-on-year basis at $57.6bn (£36.4bn), with the average price of the metal down 3pc to $1,652 an ounce. "

    Gold demand falls 11pc - Telegraph

    Not so shiny eh?


    #2
    Sell all your gold now!

    Get all that lovely paper money now!

    Gold is no use, you want money in the bank!

    Sell, sell, sell!

    Comment


      #3

      Comment


        #4
        Silver is a good bet now.

        Comment


          #5
          Originally posted by Robinho View Post
          Silver is a good bet now.
          Why?

          Comment


            #6
            Everyone flocked to gold and now they're looking at silver.

            Comment


              #7
              Originally posted by Robinho View Post
              Everyone flocked to gold and now they're looking at silver.
              And that's the reason to make a bet?

              Comment


                #8
                Gold, can't eat it, can't drink it, can't shag it, and it generates no income.

                So what's the point?

                Gold rush for 'Old Masters of the future' - Telegraph

                Contemporary art sales break records at Christie's and Sotheby's as the super-rich spend £500 million on "prudent investments".

                What about some paint splashed on a canvas?

                Or would they rather have £500m in a bank account?

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  So what's the point?
                  You need to watch Hudson Hawk again dude

                  Comment


                    #10
                    To be fair to Robhino, if you buy cheap and sell dear, thats great. but the idea that you are stupid not to get into the game, is , well, fckng stoopid


                    (\__/)
                    (>'.'<)
                    ("")("") Born to Drink. Forced to Work

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