This isn't a precision problem, this is a 'being right in any capacity' problem, so far.

You've got a lot of posts... why don't you show us some of your predictions from 4 years ago Arturius? One relatively bad year isn't the end of the world... I'm not trying to defend 100% of Fishhead's ideas or investments but IF he actually has followed through on his own advice and bought farmland and commodities, he is doing very well right now. In my opinion, over the next few years I think we will see a real division in society because the haves and the have nots. And this will largely be determined by who got out of the way into sound, unencumbered assets in time. Whether you have seen this coming for a long time or are new to the show, I guarantee you that these silver prices are not going to last. In another year from now, I personally doubt you will be able to find any real silver less then 20$ an ounce or any real gold under $12-1300. That's just my opinion, but it is an opinion shared by a growing # of people both on and off the board. There is not enough gold in the world for every person to own even one ounce. Once a little more faith is lost in paper money, the run to metals will be explosive.

CAN ANYONE PLEASE post a graph of GOLD priced in POUNDS STERLING over the past 1-3-5 years? Anyone have a similar graph priced in ICELANDIC KRONA?

Bump.

Why do you hate America?

urgghhhhhhhh gold at almost $1k. cue headlines. cue wrong time to buy! though hopefully nobody will take gold seriously given it hit $1k before and given the risk aversion of people to volatility hopefully the masses wont start buying yet.

been planning to load up more for about a week now, missed some good monies!

Oh, plenty of reasons.

Time to come back out of the woodwork

hehe i couldnt believe it when i checked silver went up 70 cents today. then i thought for the zillionth time why havent i bought any silver yet! though the gold mining fund is doing well.

just always in the back of my mind that at some point ive got to get out, and not sure when to work out when the masses will properly start buying. though part of me thinks so long as i dont get too much into gold (currently have about 20% in gold mining fund and 10% in a zurich vault) i am relatively safe in case of a gold price plummet.

interesting read this:

http://goldnews.bullionvault.com/fil...rinflation.pdf

it's by the founder and ceo of bullionvault.com (where i buy my physical gold, even though i cant get my hands on it, it is apparently i a zurich vault).

gogo gold!

Gold up if dollar down. Anyone see anything (outside of short-run risk-asset profit taking) that's gonna change that? 'Cause I'm just not seeing anything standing in the way of that move continuing.

Actually where's Stephennuts? LOL

Thought I'd chime in...Go Go Sliver Wheaton!

LOL @ StephenNutts.

This was posted March 18, 2008. StepenNUTS came to taunt the day after the 2008 peak. LOL at StephenNUTS for calling "gold bugs" selective in their timing.

Yeah, LOL @ StephenNuts.
The guy's only a ridiculously talented, real world trader. LOL @ that.
What we need less of is experienced, successful guys like StephenNuts and more of clueless internet ******s without any real world experience, like he has.

I'm kind of a gold bug and really liked it when it took a **** in October of 08 and M/A of 09, but I don't think that one decision remotely qualifies me to LOL at someone like him, seeing as he probably has more $$$ in the cusions of his couch than I do in the bank.

Let he with more overall success cast the first LOL.

Why not? He was LOL'ing at you as a fan of gold based on ONE day. Pretty ******ed...yes?

My interest in gold is reflective of a belief that it's globally accepted as a hedge for inflation and I believe inflation is going to get bad in the years to come (not exactly a complex or pioneering idea- just a simple concept I happen to buy into)

SN tends to view things as a 'trader'. His opinions are usually based on 'ONE day' simply because that's the time frame people who play his game tend to work within. You have to asses the nature of the person who is proffering the opinion. A trader (and a very, very successful one like SN) might have an entirely different outlook than an "investor" or someone who is taking position XYZ for a longer timeframe- their "opinion" being dictated solely by the rules of the game they play. Their opinions are usually snapshots of very narrow fragments of time, since that's how they operate.

I've been in the chatroom when he's trading. It's very rapid-fire and 'opinions' are usually situational, measured in moments, rather than in "overall philosophies".

I agree...so LOL at him again. He didn't assess the nature of the persons who were proferring their opinions about gold.

Not many of them were "one day" traders.

Look....he stuck his neck out and he's been proven wrong. Good trader or not....he deserves a rib tickle.

Fair enough. Just providing a little context.

Fair enough.

I guess if we stopped printing money. Could happen in short-term I guess. Definitely not long-term.

stephennuts might get the last laugh wen the SP is around 100 and every 1 dumps gold and goes into stocks...wonder how long the train wreck can be contained.

Yes- central banks don't like gold going up. They want devaluation but dread replacement- as such they could do several things to halt (in the short term) the decline. Selling some of their reserves, a temporary tightening to hammer those who are long gold.

The Chinese seem interested in buying any gold the IMF or govt's would care to sell.

I think there is a growing distrust of fiat currencies in general, but particularly the dollar- that increasingly gold is being viewed by wealthy people as an alternative to bank deposits/money markets as a viable store of value. That it makes sense to diversify savings/cash just as you would/should diversify the rest of a portfolio.

i have been a gold bug for 10 years now its my time to shine.

Probably headed for $3k with all the money that's being printed now.

Any chance the big retail crowd starts piling in?