Saberu

Technicals are good for short term movements and predicting seasonal behaviour but I don't think they can predict overall price direction in the long term. To say that they will discounts real world factors like sentiment which is going to be strongly affected by the wave of inflation we have coming.

I know a little about software and I think it is laughable that such a thing as a "bad tick" exists, all it is is a tracker. It tracks a number, there should be nothing fancy going on! It's definitely manipulation in these cases and probably most cases, I wouldn't be surprised if some of these institutions have planned instability randomised into the system to catch these close stops. As someone else said, just widen your spread so that the stop is lower, it's highly unlikely it would be hit then assuming your not unlucky and contending with huge manipulation in the real market at the time.

Noooo go back down again I don't want it going up yet as I haven't invested enough! If it stays at 900 for the next 6 months that would be ideal but alas that could just be a dream. Cmon you central banks, short that gold quickly! Can't let the sheeple believe in a coloured metal. I'm more worried about silver going up with it to be honest as I may end up being 2/3 silver and 1/3 gold in future

Now is a great time to sell art because the super rich are three times richer than they were a decade ago. At the expense of the rest of us..

That seems incredible, is there any evidence to back this up? Something on those dealers websites perhaps mentioning it. If so I'm going to forget gold and go all silver once I get some money

Well I think China will be the consumer of the future and pursue a strong currency policy. I told my theory to my grandad last Christmas and he agreed, he's been working in the banking industry for many years so if he agrees with me then that means a lot to me. China will move away from exporting anyway as the West's currency devaluation means there will be much less demand as peoples paper wealth evaporates and incomes don't keep up with hyperinflation, I think your failing to see the whole picture to be honest, what makes you think there will still be huge demand for China's exports? Even if you are right that despite their 1 trillion trade surplus they have somehow managed to have even more debt, at least they are investing that credit into infrastructure- and on a huge scale. China will be like how the UK was in it's hayday, decades ahead of the rest.

Shouldn't do, everyone who is an investor should know CPI is a lie as it doesn't represent real inflation yet is quoted in the context of inflation.

I'm starting to question whether gold really is the best investment in this financial crisis. Surely the best way to look at things is in terms of credit expansion and hyperinflation. It will come down to the pound and dollar being worth a lot less and the Chinese Remnibi being worth a lot more as they have a huge trade surplus in China. Perhaps it's better to invest in the RMB because in 10-15 years time the currency ratio to the pound could be the opposite (14:1). I'd rather take a bet on that than gold reaching $14,000, wouldn't you?

Yes, completely. In a stock market crash even solid companies get burned, I think it's a lottery staying in the stock market in any company to be honest. But then again I am very bearish, my opinion is probably closer to cgnao's than Dr Bubb's. I decided I'm not even going to risk using Bullion Vault because if Lloyds TSB and all the other majors collapse I could risk losing my investment. IMO 1st person physical is the only way to go, in the event of societal collapse you should be able to get on a plane tommorow, though I won't have that problem because I'm moving to Asia in May already. China will be a lot safer than the UK.

Looks like I was wrong, it will be very interesting to see what effect breaking this psychological barrier and the media coverage of hitting $1k has made. I think the reason I doubted it is because I had to take out my gold investment to invest in my business so i was kind of hoping it wouldn't haha. Nevermind I should be back in gold within 2 months!

I don't believe it will, I think because $1k is such a big psychological barrrier the banks and governments will try hard to make sure it doesn't reach that by sabotaging the gold market with gold leases. Their efforts will broken at some point so perhaps that point is a few months away rather than soon.

Ah but then some people think the quality of bottled water is better, how can you justify not letting them buy bottled water (which is healthy ofcourse) in comparison to a sugary drink which is very unhealthy and equally as damaging in terms of shipping the bottles and creating the waste packaging?

But the justification for banning bottled water without banning all the other bottled drinks doesn't follow. If they only want to ban one it seems very sinister to me, perhaps flouride poisoning is the way of the future to keep the population docile Also in places like London bottled water is your only option unless you enjoy drinking piss. Hence why it's no surprise that London Mayor Ken Livingstone wants to ban it- there must be some agenda there.

It won't unfortunately, luckily for me when I posted asking where Goldfinger had gone someone gave me a link to GEI minutes before the thread was locked. To be honest I'm kind of hoping GEI doesn't go too main stream because we all know that most people on the HPC forums don't share our intellect but then thats obvious as they didn't invest in gold

Some interesting remarks in here about silver. Personally I think silver is a bad idea because it's much more difficult to carry around with you as opposed to gold where a single kruggerand is worth ~ £500 and I have about as much faith in the global monetary system as cgnao so you can bet I will be carrying them with me when I move abroad. However I would be interested if anyone knows a big bank (HSBC etc) that offer safe holding services for valuables like gold. Also a while back a famous investor tried to buy all the silver in the world in order to force the price up, in response to this mining companies just mined a lot more silver and put all their silver stocks they had onto the market forcing the price way down, needless to say he lost a fortune. It seems to me the reason the price of silver is going up is because people are considering it as an investment and for that reason alone I'll still be going 20% silver which should only be around 100 coins if I invest £4k in gold, £1k in silver once I can afford it. Either way gold is definitely going to rocket (sorry I don't have a picture!) and I for one will be buying Goldfinger a drink when gold reaches $10k, even if he is a millionaire from his uber gold investments