desib0y2011
Newbie
Good Evening friends,
I'm going to put in my opinion about Gold in here (you are free to follow/believe in your own).
Now, I'm not a gold bug but at the present economic situation, I'm a big fan of this metal. Now when I'm talking about Gold, my favorite is the physical metal and lesser preference is towards the electronic gold. well, firsts I'd like to present the big picture here ...
As you can see above, since Oct 2008, we're in this Mega Uptrend till Sept 2011 where it topped out and toppled. I believe there was a massive attempt to suppress the price in futures market - where central banks all over the world woke up and wished to purchase this physical metal at better and cheaper prices.
We(central banks) wrote and distributed/sold paper/electronic IOU in heavy quantities (trillions) so that prices depreciates. We also benefited with the magic QE word. At lower prices (say approx US$1550) we buy back physical metals.
Why are WE buying so much physical gold?
Think about it!
consider this as a tiny effort on my part to alert you at the nick of time. Feel free to laugh.
I'm going to put in my opinion about Gold in here (you are free to follow/believe in your own).
Now, I'm not a gold bug but at the present economic situation, I'm a big fan of this metal. Now when I'm talking about Gold, my favorite is the physical metal and lesser preference is towards the electronic gold. well, firsts I'd like to present the big picture here ...
As you can see above, since Oct 2008, we're in this Mega Uptrend till Sept 2011 where it topped out and toppled. I believe there was a massive attempt to suppress the price in futures market - where central banks all over the world woke up and wished to purchase this physical metal at better and cheaper prices.
We(central banks) wrote and distributed/sold paper/electronic IOU in heavy quantities (trillions) so that prices depreciates. We also benefited with the magic QE word. At lower prices (say approx US$1550) we buy back physical metals.
Why are WE buying so much physical gold?
Think about it!
consider this as a tiny effort on my part to alert you at the nick of time. Feel free to laugh.