Home › Forums › Financial Markets/Economics › Help w/buying gold
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4plexowner.
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March 23, 2009 at 7:07 PM #15353March 23, 2009 at 7:13 PM #371997
Arraya
ParticipantMarch 23, 2009 at 7:13 PM #372279ParticipantMarch 23, 2009 at 7:13 PM #372452ParticipantMarch 23, 2009 at 7:13 PM #372495ParticipantMarch 23, 2009 at 7:13 PM #372609ParticipantMarch 23, 2009 at 7:22 PM #372001Diego Mamani
ParticipantWhat if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days. It would be a way to scare speculators away from this metal and back into equities, treasuries, even good old fashioned CDs.
This is easy to do because the gold market is relatively thin, unlike that of oil, for instance. Back in 1980 there was a speculative bubble in gold, with prices exceeding $840 an ounce, only to drop to $300 in the following months and years.
The price of gold didn’t go back to $840 until Jan 2008!! (That’s 28 years waiting for the price to come back…) Of course, you may be thinking “this time is different!” But, haven’t we heard that before?
March 23, 2009 at 7:22 PM #372284ParticipantWhat if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days. It would be a way to scare speculators away from this metal and back into equities, treasuries, even good old fashioned CDs.
This is easy to do because the gold market is relatively thin, unlike that of oil, for instance. Back in 1980 there was a speculative bubble in gold, with prices exceeding $840 an ounce, only to drop to $300 in the following months and years.
The price of gold didn’t go back to $840 until Jan 2008!! (That’s 28 years waiting for the price to come back…) Of course, you may be thinking “this time is different!” But, haven’t we heard that before?
March 23, 2009 at 7:22 PM #372457ParticipantWhat if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days. It would be a way to scare speculators away from this metal and back into equities, treasuries, even good old fashioned CDs.
This is easy to do because the gold market is relatively thin, unlike that of oil, for instance. Back in 1980 there was a speculative bubble in gold, with prices exceeding $840 an ounce, only to drop to $300 in the following months and years.
The price of gold didn’t go back to $840 until Jan 2008!! (That’s 28 years waiting for the price to come back…) Of course, you may be thinking “this time is different!” But, haven’t we heard that before?
March 23, 2009 at 7:22 PM #372500ParticipantWhat if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days. It would be a way to scare speculators away from this metal and back into equities, treasuries, even good old fashioned CDs.
This is easy to do because the gold market is relatively thin, unlike that of oil, for instance. Back in 1980 there was a speculative bubble in gold, with prices exceeding $840 an ounce, only to drop to $300 in the following months and years.
The price of gold didn’t go back to $840 until Jan 2008!! (That’s 28 years waiting for the price to come back…) Of course, you may be thinking “this time is different!” But, haven’t we heard that before?
March 23, 2009 at 7:22 PM #372614ParticipantWhat if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days. It would be a way to scare speculators away from this metal and back into equities, treasuries, even good old fashioned CDs.
This is easy to do because the gold market is relatively thin, unlike that of oil, for instance. Back in 1980 there was a speculative bubble in gold, with prices exceeding $840 an ounce, only to drop to $300 in the following months and years.
The price of gold didn’t go back to $840 until Jan 2008!! (That’s 28 years waiting for the price to come back…) Of course, you may be thinking “this time is different!” But, haven’t we heard that before?
March 23, 2009 at 7:33 PM #372016Eugene
Participant[quote=Diego Mamani]What if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days.
[/quote]Here’s another scary thought. What if private investors decide that stock market is looking attractive and start moving money from gold into stock market?
SPDR Gold Shares Trust (ticker GLD) has more gold in its vaults than China and Russia combined …
March 23, 2009 at 7:33 PM #372299Participant[quote=Diego Mamani]What if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days.
[/quote]Here’s another scary thought. What if private investors decide that stock market is looking attractive and start moving money from gold into stock market?
SPDR Gold Shares Trust (ticker GLD) has more gold in its vaults than China and Russia combined …
March 23, 2009 at 7:33 PM #372472Participant[quote=Diego Mamani]What if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days.
[/quote]Here’s another scary thought. What if private investors decide that stock market is looking attractive and start moving money from gold into stock market?
SPDR Gold Shares Trust (ticker GLD) has more gold in its vaults than China and Russia combined …
March 23, 2009 at 7:33 PM #372515Participant[quote=Diego Mamani]What if the U.S., European, etc. governments decide to sell gold in the open market? The price would collapse in a matter of days.
[/quote]Here’s another scary thought. What if private investors decide that stock market is looking attractive and start moving money from gold into stock market?
SPDR Gold Shares Trust (ticker GLD) has more gold in its vaults than China and Russia combined …
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