Comments on: Gold: Is $1000 an Ounce in the Offering? http://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Minimum Wagehttp://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/#comment-25633 Minimum Wage Sun, 14 Oct 2007 17:40:20 +0000 http://www.thesunsfinancialdiary.com/investing/alternative/gold-is-1000-an-ounce-in-the-offering/#comment-25633 If somebody is offering gold for $1,000 an ounce, I'm not buying. If somebody is offering gold for $1,000 an ounce, I’m not buying.

]]> By: Timhttp://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/#comment-25520 Tim Sat, 13 Oct 2007 15:44:04 +0000 http://www.thesunsfinancialdiary.com/investing/alternative/gold-is-1000-an-ounce-in-the-offering/#comment-25520 sun, you can assess supply/demand for gold. The bottom line is that gold didn't become that scarce within a 2 year time span after staying flat and declining since 1980.i agree that gold is old...so is the thinking about it's value. Again, ride the wave, but I'd be expecting a sharp decline to a more realistic cost around $350-$400. sun, you can assess supply/demand for gold. The bottom line is that gold didn’t become that scarce within a 2 year time span after staying flat and declining since 1980.

i agree that gold is old…so is the thinking about it’s value. Again, ride the wave, but I’d be expecting a sharp decline to a more realistic cost around $350-$400.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/#comment-25404 Sun Fri, 12 Oct 2007 15:55:02 +0000 http://www.thesunsfinancialdiary.com/investing/alternative/gold-is-1000-an-ounce-in-the-offering/#comment-25404 Tim: Unlike stocks, which you can evaluate by examining fundamentals such as earnings and cash flow, it's not easy to say about the fundamentals of gold other than supply and demand. Is the demand of gold growing? I think so. People have been using gold for centuries as currency and jewelry and once they have a piece of gold, they hold it for a long time if not forever which means that piece of gold is taken out of circulation. I have a gold coin and I don't think I will ever sell it. However, the bad thing about gold is that once it's produced, it can't be consumed like oil. It will exist almost forever. So as the production continues, there will be more and more gold on the market and in people's hands. But I don't think it will reach a point that there's too much gold out there. Then the production of gold is getting more difficult and it's not like there are lots of gold reserves to be discovered, as is pointed out in that interview. Oil is new, but gold is old. Tim: Unlike stocks, which you can evaluate by examining fundamentals such as earnings and cash flow, it’s not easy to say about the fundamentals of gold other than supply and demand. Is the demand of gold growing? I think so. People have been using gold for centuries as currency and jewelry and once they have a piece of gold, they hold it for a long time if not forever which means that piece of gold is taken out of circulation. I have a gold coin and I don’t think I will ever sell it. However, the bad thing about gold is that once it’s produced, it can’t be consumed like oil. It will exist almost forever. So as the production continues, there will be more and more gold on the market and in people’s hands. But I don’t think it will reach a point that there’s too much gold out there. Then the production of gold is getting more difficult and it’s not like there are lots of gold reserves to be discovered, as is pointed out in that interview. Oil is new, but gold is old.

]]> By: Timhttp://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/#comment-25138 Tim Tue, 09 Oct 2007 20:05:36 +0000 http://www.thesunsfinancialdiary.com/investing/alternative/gold-is-1000-an-ounce-in-the-offering/#comment-25138 sun, don't know how my reply to your reply got ahead of your reply. pretty funny.many parts of the world use gold as gifts, well primarily for a form of dowry. that said, again, gold didn't all of a sudden become scarce within a one year time span. again, the fundamentals justifying the spike is just not there. If you held onto gold from 80s to 2001, you would have had a significant real money depreciation in terms of both inflation and gold price decreases. remember 1979-1980 spike, which is similar to what is going on today followed by a plunge in gold prices. again, it is artificially inflated and will plummet, unless somehow gold becomes scarce in terms of supply/demand fundamentals.and let's just think about what you could do with gold, rather stocks in gold, if the u.s. currency bottoms out. Absolutely nothing. again, ride the wave, but the fundamentals just don't support the current prices or even higher prices. sun, don’t know how my reply to your reply got ahead of your reply. pretty funny.

many parts of the world use gold as gifts, well primarily for a form of dowry. that said, again, gold didn’t all of a sudden become scarce within a one year time span. again, the fundamentals justifying the spike is just not there. If you held onto gold from 80s to 2001, you would have had a significant real money depreciation in terms of both inflation and gold price decreases. remember 1979-1980 spike, which is similar to what is going on today followed by a plunge in gold prices. again, it is artificially inflated and will plummet, unless somehow gold becomes scarce in terms of supply/demand fundamentals.

and let’s just think about what you could do with gold, rather stocks in gold, if the u.s. currency bottoms out. Absolutely nothing. again, ride the wave, but the fundamentals just don’t support the current prices or even higher prices.

]]> By: Sunhttp://www.thesunsfinancialdiary.com/investing/gold-is-1000-an-ounce-in-the-offering/#comment-25126 Sun Tue, 09 Oct 2007 18:51:33 +0000 http://www.thesunsfinancialdiary.com/investing/alternative/gold-is-1000-an-ounce-in-the-offering/#comment-25126 Tim: If gold price rises $40 a week, that could be speculation. However, the price of gold has steadily increased for nearly 6 or 7 years. I don't think speculation can last that long. There must be substance that supports the current price level. Though currencies are not tied to hard assets such as gold any more, people are still buying the metal to hedge against the falling US dollars. Should US dollars continue to weaken, the price of gold will keep going up. There are elements from speculative activities, but not all. And, gold is still popular in China. Not that everybody wears it, but as gift Tim: If gold price rises $40 a week, that could be speculation. However, the price of gold has steadily increased for nearly 6 or 7 years. I don’t think speculation can last that long. There must be substance that supports the current price level. Though currencies are not tied to hard assets such as gold any more, people are still buying the metal to hedge against the falling US dollars. Should US dollars continue to weaken, the price of gold will keep going up. There are elements from speculative activities, but not all. And, gold is still popular in China. Not that everybody wears it, but as gift

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