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tommy Eternal Order Devil's Island 16544 Posts |
In England it has made a profit this last 12 months actually. England is best place to be if you are gold bug, as it made 16.9% on average over the last ten years. In the USA its only made a 14.7% profit over the same ten years and loss of 5.3% over the last 12 months. That is because the USA dollar is holding its value better than the pound. If one happen to be in Japan right now it would be a good time to use your Yen to buy gold as the Yen has been dropping like a stone due to them printing a vast amount of money this week. There is little chart here, if scoll a little down the page, that shows how its doing in different places.
http://goldprice.org/
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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balducci Loyal user Canada 227 Posts |
Quote:
On 2013-04-05 18:59, Kevin Connolly wrote: Hope you sold when you had the chance ... http://www.guardian.co.uk/business/2013/......e-crisis The price of gold fell to its lowest level in more than 18 months on Friday night amid fears that sales of the precious metal forced on Cyprus by its desperate financial plight would lead to wholesale dumping by hard-pressed countries in the coming months. At the end of a week dominated by the plight of the troubled Mediterranean island, gold slid below $1500 an ounce for the first time since July 2011 in anticipation that Cyprus would seek to raise €400m (£340m) by offloading a chunk of its reserves.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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balducci Loyal user Canada 227 Posts |
The slaughter of gold bugs continues apace ...
http://www.cnbc.com/id/100640665 "Gold prices broke below $1,400 Monday, their lowest level since March 2011."
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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tommy Eternal Order Devil's Island 16544 Posts |
What is Cyprus doing? See Brown's Bottom.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Al Angello Eternal Order Collegeville, Pa. USA 11045 Posts |
Cyprus is taking their depositors money.
Al Angello The Comic Juggler/Magician
http://www.juggleral.com http://home.comcast.net/~juggleral/ "Footprints on your ceiling are almost gone" |
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tommy Eternal Order Devil's Island 16544 Posts |
Yes Al also Cyprus is about to sell its gold reserves. So knowing this the big boys sell thier gold driving the price down so to buy the Cyprus gold cheap, then they buy what they sold and send it up again. Easy peasy japanesey when you are the big boys.
I just to follow them but I just buy a lttle a month. So its not I am a player, buying and selling but long a term invester.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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tommy Eternal Order Devil's Island 16544 Posts |
I mentioned rumors of Cyprus being forced to sell gold. I apologize for the inaccuracy of that rumor.
? http://www.cnbc.com/id/100642838 I told you there was a crash comming in April.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Woland Special user 680 Posts |
More on the gold crash here. Some folks think that tons of gold futures were dumped on the market in order to prop up the dollar.
Quote:
The Federal Reserve began its April Fool’s assault on gold by sending the word to brokerage houses, which quickly went out to clients, that hedge funds and other large investors were going to unload their gold positions and that clients should get out of the precious metal market prior to these sales. As this inside information was the government’s own strategy, individuals cannot be prosecuted for acting on it. By this operation, the Federal Reserve, a totally corrupt entity, was able to combine individual flight with institutional flight. Bullion prices took a big hit, and bullishness departed from the gold and silver markets. The flow of dollars into bullion, which threatened to become a torrent, was stopped. |
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