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Old 18th September 2007, 07:31 PM
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Rate cut, time to buy gold?

Rate cut, probably more to come, so time to buy gold? Any thoughts?
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Old 18th September 2007, 07:56 PM
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Re: Rate cut, time to buy gold?

Visit http://CommodityTrading.com for more info
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Old 18th September 2007, 08:06 PM
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Re: Rate cut, time to buy gold?

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Old 18th September 2007, 09:16 PM
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Re: Rate cut, time to buy gold?

For some reasons, gold reacts better when the dollar goes down.

By cutting interest rates and giving it into wallstreet, there will be an outflow of investment funds, and the dollar would fall. From what i gather from various analyst reports, an outflow of funds will lead to further credit problems later, and further rounds of cuts, and the cycle repeats. So while we had only been speculating previously, now the fate is really sealed. :o

Last edited by touchring; 18th September 2007 at 09:34 PM..
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Old 18th September 2007, 09:24 PM
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Re: Rate cut, time to buy gold?

I guess the instructions were "try to delay the recession until I'm safely back in Texas*".

* Conspiracy theorists, feel free to substitute Dubai.
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Old 18th September 2007, 09:42 PM
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Re: Rate cut, time to buy gold?

Quote:
Originally Posted by Drewbert
I guess the instructions were "try to delay the recession until I'm safely back in Texas*".

* Conspiracy theorists, feel free to substitute Dubai.

I see it differently. It has to be more than just delay a recession to justify such a reckless policy.

Btw, the ultimate beneficiary of this rate cut will be asia:

1. Increased outflow of funds to Asia.
2. Delayed recession means more time for asian economies to adjust to lower imports from the US when recession really comes.

Last edited by touchring; 18th September 2007 at 10:01 PM..
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Old 19th September 2007, 04:57 AM
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Re: Rate cut, time to buy gold?

Quote:
Originally Posted by Drewbert
I guess the instructions were "try to delay the recession until I'm safely back in Texas*".

* Conspiracy theorists, feel free to substitute Dubai.
Which plane is he on?
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Old 20th September 2007, 09:13 AM
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Re: Rate cut, time to buy gold?

ok, bought my first 60 lots of ETF gold. Any better alternative than ETF gold? I heard the US govt can confiscate ETF gold. :o
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Old 20th September 2007, 10:00 AM
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Re: Rate cut, time to buy gold?

Hey touchring I'm new to commodity trading but interested to know about it. What is ETF gold btw?

Cheers.
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Old 20th September 2007, 10:06 AM
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Re: Rate cut, time to buy gold?

Quote:
Originally Posted by mark07
Hey touchring I'm new to commodity trading but interested to know about it. What is ETF gold btw?

Cheers.

I'm also new. ETF is a kind of gold certificate/share. Check GLD:NYSE. The disadvantage is it provides no dividend or interest, but it's fine for me since i can barely get one percent from the savings account.
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Old 20th September 2007, 12:17 PM
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Re: Rate cut, time to buy gold?

If you guys want to invest in the actual metal I have plenty ... I'm selling it at $735 USD +7% an ounce today. (Price is subject to fluctuations) shipping is at cost and you cover paypal fees.

Last edited by mulligan; 20th September 2007 at 12:25 PM..
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Old 20th September 2007, 01:41 PM
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Re: Rate cut, time to buy gold?

What coin is it? You can register GST and get rebate on the 7%.
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Old 20th September 2007, 02:41 PM
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Re: Rate cut, time to buy gold?

I have some of these:



And some of these:



These are stock images and dates vary.

Price has fluctuated and 1 ounce is now $740 +7%
Gold is on the move and like I said on another thread I am fairly confident it will top $1000 an ounce

For those who are interested gold just hit a 28 year high:
http://www.miningweekly.co.za/article.php?a_id=117282

It is up 12.18% on 30 days ago and 26.84% on 12 months ago ~ 2.11% since the market opened this morning

A strong Euro is partially responsible for recent changes
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Old 20th September 2007, 03:23 PM
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Re: Rate cut, time to buy gold?

It may go as high as $1000 an ounce, but remember this will reflect dollar weakness as well as Gold's Strength. If you are a hard currency investor from Europe or Asia, the outcome may not be so attractive.

Even if you are a US investor, it might be better to get some foreign currency exposure in your investments and invest in something that is going to yield real growth or income. What better than ccTLDs or IDN?

Quote:
Originally Posted by mulligan
I have some of these:



And some of these:



These are stock images and dates vary.

Price has fluctuated and 1 ounce is now $740 +7%
Gold is on the move and like I said on another thread I am fairly confident it will top $1000 an ounce

For those who are interested gold just hit a 28 year high:
http://www.miningweekly.co.za/article.php?a_id=117282

It is up 12.18% on 30 days ago and 26.84% on 12 months ago ~ 2.11% since the market opened this morning

A strong Euro is partially responsible for recent changes
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Old 20th September 2007, 04:01 PM
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Re: Rate cut, time to buy gold?

Quote:
Originally Posted by Rubber Duck
Even if you are a US investor, it might be better to get some foreign currency exposure in your investments and invest in something that is going to yield real growth or income. What better than ccTLDs or IDN?
Diversification in all investments is the wisest way forward .. It's good to have your finger in as many pots as possible .. as long as you know the risks and have a reasonable understanding of what could happen to your hard-earned cash if the arse falls out of one or all of your specific markets.
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Old 20th September 2007, 04:21 PM
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Re: Rate cut, time to buy gold?

Quote:
Originally Posted by mulligan
Diversification in all investments is the wisest way forward .. It's good to have your finger in as many pots as possible .. as long as you know the risks and have a reasonable understanding of what could happen to your hard-earned cash if the arse falls out of one or all of your specific markets.


I see gold as more of a hedge in the event another war breaks out or in the event of a dollar devaluation, which will see gold soar to thousands, not just $1000.
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Old 20th September 2007, 04:30 PM
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on Wall Street gold buyer are always perceived as suckers.

On Wall Street gold buyer are always perceived as suckers.

The get fvked on the way in & the way out.
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Old 20th September 2007, 04:30 PM
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Re: Rate cut, time to buy gold?

$1000 USD at what it's worth today ~ slightly less than 500 GBP
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Old 20th September 2007, 04:39 PM
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Re: on Wall Street gold buyer are always perceived as suckers.

Quote:
Originally Posted by goidn
On Wall Street gold buyer are always perceived as suckers.

The get fvked on the way in & the way out.

btw, gold isn't the only thing i got in mind to hedge against a downturn.

does anyone know what fund can bet against UK properties?

Quote:
Goldman Sachs Profit Beats Estimates After Bets Against Mortgages Pay Off

http://bloomberg.com/apps/news?pid=2...6fk&refer=home

Last edited by touchring; 20th September 2007 at 05:00 PM..
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Old 20th September 2007, 06:10 PM
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Re: on Wall Street gold buyer are always perceived as suckers.

Quote:
Originally Posted by goidn
On Wall Street gold buyer are always perceived as suckers.

The get fvked on the way in & the way out.
Who listens to idiots on Wall Street?

Quote:
Originally Posted by touchring
ok, bought my first 60 lots of ETF gold. Any better alternative than ETF gold? I heard the US govt can confiscate ETF gold. :o
Perth Mint Gold Certs.
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Last edited by Drewbert; 20th September 2007 at 06:11 PM.. Reason: Automerged Doublepost
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