Gold Spot Price In Huge Bear Market
"There's wholesale deleveraging going on. People are just going to cash. It's a case of throwing the baby out with the bath water — everything is just being sold" said: Mark O'Byrne, managing director of brokerage Gold and Silver Investments Ltd. in Dublin.
Gold has dropped as much as 13 percent this week, the biggest drop since the week ended March 14, 1980.
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True value is the time that it takes man to produce an item. It doesn’t matter if it is building a bridge or a wall or mining an ounce of Gold. You will not produce an item at a loss!
It is expensive to sink a mine shaft, it is expensive to dig out gold, it is expensive to crush the ore, it is expensive to extract the Gold, it is expensive to treat the waist and rehabilitate the ground. Many man hours involved. This cost my friends is the inherent value in Gold, the break even cost of the mine. If this cost is not recovered the mine is closed. Less mines results in less gold whereby, supply and demand keeps the price above this cost level. That is the value of physical gold my friends.
Sacramento Attorneys
“The reason gold is the ultimate store of value is because it can’t be printed or destroyed. Yes, it’s inflexible. That’s the point. It constrains the natural tendency for humans to exhibit herd behavior at the extremes of greed and panic”
San Francisco defense attorneys
Why isn’t the gold standard a financial system flexible enough for our global economy? I’ll see a gold standard financial system more stable and eliminates unnecessary man-made fluctuation which is risk. This in turn eliminates necessity for hedging and other complicated instruments that takes care (but they don’t) of this part of the risk.
Spot gold
Would a 5 or 10% portfolio stake be any more risky than the conventional investments that have rendered pension funds, municipalities, and investment gurus penniless?
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Not owning gold is like skipping the fire insurance – it saves you a few dollars per month at the risk of losing everything. I wonder if anybody is getting it yet.
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Not owning gold is like skipping the fire insurance – it saves you a few dollars per month at the risk of losing everything. I wonder if anybody is getting it yet.
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My wife gets an article of jewelry every once in a while, either gold or white gold (as a silver lookalike). She gives me a gold ring once in a while, preferably with Gold Coral in the mount, 18ct. is the ideal.
She likes the Jewelry aspect, I like the investment aspect.
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