You really think actual supply and demand dictates gold price.

Yes, right now it is like a casino. No doubt. The way gold price is trading right now is more of a game rather then based on supply and demand.

In fact, most people who trade gold are not even interested in the actual delivery.

So if people listened to you. They would not have sold when gold reached 1900.

And I am pretty sure when it went to 1900, you kept quiet. Because you know you were about to be wrong. You took the opportunity though when it went to freefall mode after that. That's pretty cheap actually.

I can bet with you right now that the most gold can go down to is 1000 but it cannot stay there for too long. You are oblivious obviously to the actual supply and demand of gold.

If you are so sure that gold would go to 800 -1000 why dun you buy put positions. If you were so sure that it is not sustainable, why didn't you short when gold went to 1900.

Talk is cheap. It's real cheap.

Unfortunately, it will not make you a somebody.

This post has been edited by sylar111: Dec 4 2014, 02:29 PM

You can wait forever.
I got to admit that after the swiss referendum, there was a chance it could go down to 1000.

But looking at price movement right now, nope. Impossible.
The swiss ref was the best chance you got.

You can wait forever to make your next purchase.

sylar111 is a gold bug...

Is very different how... a gold bug view gold.. they never want to earn divine on it.

As you said, if you invest currency into prop, stocks or FD to earn divine is 100% correct.

But you get this point true Bravo.. when potential economic collapse is when your hard earn currency defaulted.

Prop, Stock and FD.. is wipe out... what happens now.. As a form of trade.. Gold will be used back.. that is why a gold buy keep gold..

if ringgit drops further vs dollar, gold in malaysia will increase in price because its value in usd.. If you selling/export something in usd, you gain. If you sell in RM for export, you will lose in currency exchange but you will gain in orders because your item are now cheaper and more people are buying

This post has been edited by Sham903n: Dec 4 2014, 02:54 PM

According to behavior economy, the herd was blinded by greed, won't listen to alternate opinion. So was fruitless in saving their money.

When gold went to 1,900 why i was wrong? didn't the gold price tumbled after the peak?

after indians accepted gold price is on downward trend, buying will be slowed.

we only read fundamentals i.e. long term equilibrium; short term volatility is trader/gamblers specialty. due to market volatility, we could forecast price range but hard to judge the timing hence unwise for us to bet with time frame.

if that's so, why does the Dutch Central bank secretly repatriated their gold?why don't they just sell it off?

You are right, Professional Traders do not and would not see things long term, they just follow the market, market goes up they are LONG, market goes down they are SHORT, market goes sideways they a LONG/SHORT/LONG etc.

You are right again, most traders lose money... believed to be more than 95% whereas only 5% make money on a consistent basis and become Professional Traders.

How many and how often central banks or anyone announce their gold bullion movement publicly?

Gold eases back towards $1,200/oz ahead of ECB meeting

Gold is doing 1208/T.Oz and maintaining the minor uptrend which started 06.11.14. Crude Oil appears to slipping and doing 66/barrel now. USD going strong giving RM3.45. Most index are either going up or holding sideways BUT FKLI futures (KLCI) has dropped about 95 points in the last 5 days with fears that the worse is NOT over.

You can ask Mr. Google for those numbers if you try. (or you can read the links below). Anyways, here are some of the links for the benefit of others...

http://online.wsj.com/articles/dutch-repat...rves-1416568527

http://www.globalresearch.ca/122-tons-of-g...erlands/5416127

http://www.zerohedge.com/news/2014-11-21/g...ns-gold-new-yor

From 2009 to 2014, foreign gold deposit at ny fed is reduced by less than 2%.

How will this gold relocating could effect gold price or fiat money?

As I said,
you probably went all quiet. The fact was at that time, anything could have happened from 1900 onwards. It could continue to go up even shoot up. If that happened, many people who head your advise would probably be cursing you.

No I did not say you were wrong. But then when it went to 1900, did you tell others to stop buying gold? Nope. Because at that point, there is a huge possibility you could be very wrong.
Again you did not read what I have said properly.

You compare Properties with Gold.
The thing is for properties, there is no fundamentals for the upward trend.
For Gold, there are fundamentals backing up why it should go up even based on simple supply and demand.

The problem is. You really take the spot gold price too seriously. As I said, the spot gold price does not reflect supply and demand. Spot Gold price is only based on sentiments of what the paper gold price means at that time. The people are not interested in the real gold as I have said countless time.
The thing is, you probably take the spot gold price seriously even though I have said countlessly it is not a reflection of real supply and demand.

I am not.

I am in favour of gold because I know what is happening right now.

When gold becomes over valued, I will still exchange it for something else that is undervalued.

This post has been edited by sylar111: Dec 5 2014, 02:38 PM

Who says you cannot earn dividend on gold investment.

You can buy mining stocks right?

But I rather not earn dividend because they are taxable.

Just because the fed does not value gold, does not mean others dun.

You are obviously myopic. Just looking at 1 side of the coin.

Many central banks every where are starting to accumulate gold silently or openly.

Obviously it shows that gold is in demand right now.

This post has been edited by sylar111: Dec 5 2014, 03:00 PM

this thread used to be a free trade ideas and opinion on gold...

now it seems as if u are trying to corner the market and forces the majority to follow your instruction.

The way u and the feds-giant bankers behave is the same...u shud join them

I'm merely answering your question on "How many and how often central banks or anyone announce their gold bullion movement publicly?" since you initially posted "Given gold is on the downward trend, buying gold in the near future is likely to loss value for a number of years." to which I asked why then the Dutch Central Bank repatriated their gold instead of just selling it off. Why DCB go through the fuss since you said gold is on the downward trend and likely loses its value in coming years?


About your new question, "How will this gold relocating could effect gold price or fiat money?"(out of the blue?I'm not sure why it's linked to my previous post about Dutch central bank gold repatriation), maybe some other member here can give their views on it.

Anyways, in my opinion, from what I understood in short term, that action of repatriating gold from the Fed probably doesn't affect gold prices at all. But the fact that the Dutch did it, the Germans tried, the Swiss initiated a referendum, India, China and Russia stocking gold, it signifies something; they're starting to lose confidence in USD as the world reserve currency. All will still go well, if everyone still have faith in it but with so many USD printed(thru deficit spending), it's losing is value gradually and there will come a time when everyone loses their confidence in it since it's inherently just a piece of paper backed by nothing but the good faith of the US government i.e. the US Government assures you that it's worth something. Because everyone has started to lose faith(because of the currency printing), the USD loses its worth. Everyone will try to ditch USD but there's no world reserve currency to fall back to except for gold. That's when gold would rise.

Any input/comments from other members are welcomed.

Don't need to argue whether gold is high demand or being accumulated by whom.

Price of gold reflect the demand situation, this is the most solid fact.

High demand --> price soar

This is the basic fundamental of economy, supply & demand.

Repatriating gold has nothing to do with USD either.
it is not like US will pay the gold in USD as well when they repatriating.

1 ton of gold repatriating is 1 ton. Whether USD rise or plunge, it is still 1 ton.

Any fiat money is backed by nothing but confidence about the gov issued it.
There is no way everyone ditch USD, as worldwide trade majority is in term of USD, which is not going to change in short or near term future.
As long as worldwide major trade and economy needs US to consume their goods, no other alternative currency can be used widely, situation remain status quo.

Second largest economy, China RMB is not a freely trade currency internationally, so it poses problem for worldtrade to use it.

Gold is never enough nor feasible as trade medium, nor a good source as currency in any economy.

Currently, USD currently is one of strongest around, rise against all major currency, from Yen, Aud to RM.