Warren buffet don't prefer gold as investment. He thinks it don't make good returns compare to buying crops field . What u Guys think , is he making sense or just a personal preference.

Tells you WB is a pure fiat luver...........where gold is its antitype

Where was 'fear' from 2002 to 2008? 

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Added on February 28, 2012, 10:48 am
He doesnt want to mention it......fear of collapse of the Financial system that he(WB) believes and
thrives in..........

He has mentioned many times........USA will be better.......Oil at $105 is no problem for US economics.
Unemployment will improve..........blah blah spin

Unless we change to gold as medium of trade/exchange.
Yes, I agree with you an ounce of gold is an ounce.

But
kid : Father what is the use of an ounce of gold? Can I use it to buy sweet, toy, Ipad?
Father : No, they don't accept gold as payment.
kid : Then what is the use of an ounce of gold? Can I chew them? 
Father : Gold is valuable, you can buy toy, Ipad by selling the gold to get the fiat money the pat for it.
kid : Oic, cannot buy with an ounce of gold, but can only buy with fiat money. Gold never to convert to fiat money term/value before can buy.

Then why is the price of gold dropping like crazy as we chat here?

I don't know if you guys realize but the value of gold has been the same for a long long time.

When the price of gold goes up, it doesn't mean that the value of gold has also gone up - all it means is that the paper in your bank and wallet / purse is worth less (worthless) or depreciating.

Due to reasons stated above, I do not think it's right to look as gold as a way to make massive amounts of cash.

What I'm trying to say is that Gold is the kryptonite to today's crazy world of leveraging. Gold & Silver are the only currencies on earth that forces society in general to be honest - that's why the banksters HATE it!

Some of you guys are doubting the fact that Gold prices will continue to climb, it will continue to go up (although the value will remain the same) - why you ask? Simple! because governments are addicted to cheap money, they've dug a hole so deep that they can't get out of.

The only way to keep the world going is to keep interest rates close to zero, you can google the interest rates in every country - try it. If you keep rates so low, people (greedy as they are) will keep borrowing to try and leverage themselves by buying property etc etc. Where will all this money come from? Simple! Central Banks will print and print and print and print thereby depreciating currencies which drives the gold prices up.

Mark my words, the ringgit will also have to one day face a devaluation, the signs are everywhere. Just listen to the people around you, cash is cheap and they're borrowing and borrowing to leverage themselves, why do you think property prices in Malaysia are so high? Where's all this money coming from?

Fact of the matter is, most of you guys reading this post right now - already know this, you're intelligent enough to figure it out but like everyone else (me included) you just end up going with the flow.

All you gold bugs reading this, I wish you good luck! If you buy gold, make sure, and I can't emphasize this enough - MAKE SURE you buy physical. Cause if you can't hold it in your hands - you don't own it! Paper gold is just that, paper - weren't dollars once paper gold anyway? Worked out great didn't it? You doubt it? Look up Executive Order 6102

simple... after the gold rush, people start getting more confidence in local investment like properties or stock market...
gold is just the last thing they will invest into it when they lost confidence on the other investment field...
the more stable the other investment are, the more investors will cash out from Gold...
besides, is a safe heaven investment due to the fact that it is rare...
new technologies are coming in and the usage of Gold will be less, including recycling Gold from electronic circuit board...
Gold price will be more stable in the future...
Panic also a major cause in the previous Gold rush...

I mean in a shape of a thin foil in Ø60mm x 0.1mm.

AIYO RELAX LA  tis thread must hav those pro & anti gold forumers, then its more balance & shiok mah 
anyway, hav to wait for the time to short, not just main hentam onli  very leceh la to explain
alwiz pro-gold only, very boring. in bolehland, erection also cuming. so u pro or anti? tat is y must be balance la 

Taking a Breather

Monday March 26, 2012 11:35
Gold and silver have been falling this month.  

The correction has so far been moderate, but don’t be surprised if gold moves within a consolidation area for a few months.  Upcoming weakness will be the time to add to your positions.

The markets are sensitive and volatile.

This is why keeping focused on the major trends is important. Staying focused on demand is also vital because a demand based rise is the best and strongest rise in any market.

STRONG GLOBAL DEMAND

It’s not surprising that global gold demand was impressive again last year.  Investment demand was the main driver, according to the World Gold Council.

Central banks made up a good part of this demand as their gold reserves have increased by more than 500 tonnes over the past two years... And the central banks are buying for the same reasons this year.

They want to diversify their reserves and protect themselves against relying on one or two foreign currencies. They want to continue restoring a balance and capitalize on gold’s rise as a means of preserving national wealth and financial market stability.



Plus, China and India will continue to play important roles in consumer demand, in spite of the recent global slowdown. And with the average Chinese citizen being encouraged to buy gold, it nearly guarantees that gold will continue rising.

FOCUS ON BIG PICTURE

Chart 1 shows gold’s big picture, which is always a good picture to keep focused on. When you see the over 40 year old mega upchannel develop as it has, you can see how close gold is to reaching the $2,500 level, the top of this channel.

We think gold is poised to rise much further than this in the years to come, but for now this is our next target area, once gold breaks above the $1900 record high level.

The bull market has completed several milestones with the first one being a rise above $500, then $1000, and now it’s $2500.

But first consolidation  

Chart 2


Before any further record highs can be attained, it looks like gold needs to take a several month breather. This will be our next great buying area. Chart 2 shows this.

Gold tends to move in an A-D pattern on an intermediate basis, as our subscribers know. The 16% rise from December to late February was ideal for an “A” rise. They tend to be moderate and they tend to recuperate a good part of the prior decline, which was from September to December (D decline).

More important, the ‘A’ rise and the ‘B’ decline together form a consolidation time, which is probably where we are today. If gold now stays below $1,795, we could see it decline further to possibly the $1,600 level in a normal B decline.

Even if the December lows are tested, it would be fine within the bull market, and this would provide a great buying time.

On the upside, gold would look good again above $1795. It could then test the record highs. A break out into new high territory would mark the next bullish C rise. Keep in mind, as long as C rises continue to reach record highs, the bull market is strong and healthy.

By Mary Anne & Pamela Aden,
Courtesy of www.adenforecast.com

will buying and selling like mad affect gold price globally?

yeah, i mean as individual investor like us, trading gold nowadays is like playing share. for instance, if everyone is selling their gold, then the world gold price will eventually drop?