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Time to sell that gold?

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Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:13 am

Mohit Kamboj, president of the Bombay Bullion
Association, suggested prices may have further to fall: "With more and
more countries reducing stocks, the future of gold seems bleak."

The fall means Cyprus is likely to raise less than the 400m
euros ($525m) it hoped for when it announced it was selling the bulk of
its gold reserve.

Gold mining company shares fell sharply as a result, with Fresnillo ending down 15%, and Randgold dropping 8.3%.

David Govett, head of precious metals at Marex Spectron in
London, said there was a mass flight out of gold: "We have seen massive
liquidation from all quarters... This is a market that has only got one
thing on its mind... get me out."








http://www.bbc.co.uk/news/business-22151474

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Re: Time to sell that gold?

Post by Ali on Tue Apr 16, 2013 8:16 am

Has thew price of gold started falling then?
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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:17 am

Ali wrote:Has thew price of gold started falling then?
Many metals going down right now.

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Re: Time to sell that gold?

Post by Ali on Tue Apr 16, 2013 8:18 am

jackb wrote:
Ali wrote:Has thew price of gold started falling then?
Many metals going down right now.

I didn't know that, oh well guess all the cash for gold companies are gonna be peed off right now lol
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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:19 am

When the last tree has been cut down, the last fish caught, the last
river poisoned, only then will we realize that one cannot eat money.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:19 am

Terry Fuckwit wrote:We have a load of tat at work, might weight it in soon if it's dropping in price!
Get it weighed in man!

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:26 am

Anyone want to invest in something sensible right now it has to be food.
At the moment I'm trying to set something up to make money regarding food and at almost every turn there are dark storys and misery just over the horizon.
The economic shit that's going on and more importantly environmental events of the last couple of years means this year there will be a lot of shortages and massive price spikes.
Lamb may well be a luxury.
Eggs are going through the roof and can only go higher because of grain shortages.
Grain shortages means all meat is about to rocket.
The most sensible investment right now then is tinned and dried food while it is still relatively cheap.
The next two years are going to be very very pricey.
Your not going to starve but most of your money will be going on grub.
High grain prices mean even your booze is going to be going up.
Dead simple to just overbuy and put away and your pocket won't be hammered.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 8:31 am

Terry Fuckwit wrote:My problem with investing in food is I'm a greedy fucker, i'd eat it!
That's my problem with beer.
I suggested getting a shit load put away for those more expensive times but missus isn't convinced I won't get bladdered.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:12 am

Syl wrote:Jack, last time you posted similar the price of gold shot up to an all time high.
You say this same line every time and I explain to you every time that that isn't the case.
I said gold and all metals were about to rocket but at some point gold will collapse suddenly and without much or any warning.
If you clicked the links it isn't me saying it and I aint bothering to repeat it all over for you again and again and again and v....

If any of you have been buying bits of gold the secret and the skill is knowing when to sell.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:15 am

Great article but very depressing!
Trouble is there's no way round the truth and people can't go screaming conspiracy theorist at that lot can they.
The famous invester George Soros said two maybe three years back ... forget the U.K it's finished.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:26 am

Syl wrote:
jackb wrote:
Syl wrote:Jack, last time you posted similar the price of gold shot up to an all time high.
You say this same line every time and I explain to you every time that that isn't the case.
I said gold and all metals were about to rocket but at some point gold will collapse suddenly and without much or any warning.
If you clicked the links it isn't me saying it and I aint bothering to repeat it all over for you again and again and again and v....

If any of you have been buying bits of gold the secret and the skill is knowing when to sell.

I have said it twice....and both times when gold had rocketed after your gloom and doom predictions.

Jack...most things rise and fall in price, anything is only a loss if you want to sell....hold on to it and it'll rocket again, houses, gold, stocks &shares, diamonds, etc etc......you only make a loss if you sell at the wrong time.

You haven't a clue what your talking about and twice my arse.

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:29 am

If you look at the thread title Syl it's a fecking question not a statement and it isn't even anything I'm saying.
Stick to what you know which is ....

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:43 am

When was the last time people were panicking about gold then?

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:45 am

Googled it yet?

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:48 am

Thatchers great con of the working class being share holders ... OOOOh I have five hundred quids worth of BT shares ... keep 'e ten years and I'll make fifty quid ... or lose twenty five maybe.
Wow!

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Re: Time to sell that gold?

Post by Guest on Tue Apr 16, 2013 9:55 am

Syl wrote:
jackb wrote:When was the last time people were panicking about gold then?

On forums? Probably the last time you put the wind up them on FH.
In RL....no idea, like I say prices go up then they go down....like shares....people panic and sell, when my advice would be BUY.

But as you seem to think I talk out of my arse I will leave to do the financial advising.
You just said you didn't sell when people were panicking ... I just asked when people were panicking and you couldn't answer ... that's fine but kind of proves a point.

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Re: Time to sell that gold?

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