A lot of Gold hating is coming from America
I find a lot of gold and silver hating is coming from America and I can understand why, especially by those who bought around 6 years ago. A lot of them have lost faith in the metals and have sold out or are bitter but still hanging in there. The message I would like to convey to them is that the precious metals are mainly performing badly in US dollars, other currencies like in my case the Aussie dollar and the Canadian dollar, their gold price has only pulled back from a record high of over $1800 just last year. Some other currencies that are close to their record high gold prices are the British pound, Euro, Japanese yen and the Indian rupiah, there are plenty more as well. Silver is a bit of a different story, it is still struggling for the same reason gold in US dollars is struggling, massive amounts of manipulation in a tiny little market. Looking at the charts below the difference between the two is dramatic. So all I am trying to say is to take a step back and look at the gold price from a different perspective. Cheers
Aus$ blue / US$ red
Scource http://www.kitco.com
Have you got some SILVER?
I am a very active silver stacker. I prefer silver eagles, but I have bought some small bars. I currently have about 7000 ounces with a goal of 10,000
That's an impressive stack you have there, keep up the good work. cheers
Thanks, don't pay attention to the haters. Keep buying physical metal
I will, and i hope you get your 10000.
Where do you think all the hate is coming from, are they all dumb money who thought they would be billionaires by this time next year in the last boom. I don't think that many people really get the value of gold as a store of wealth and their hard labour through good times and bad.
I think you are 100% correct, A lot people need to get rid of the get rich quick mentality and act like their own central bank and view gold as a core asset for the future. Then when you think you have enough it's ok to speculate, IMHO. cheers
I read the title as God hating and thought how do you out that in a graph.
Why would you be bitter about holding real money (golf and silver)...
I read a lot of people bagging out gold all the time. Some can be quite vicious.
Admittedly, prices are disappointing at the moment. We all know why, and that they have no connection to physical metal values.
Unless someone is forced to sell now, there is no reason for hating. PMs are not a speculative asset, so the motto is hold on to it until prices look better - and perhaps use the chance to buy some more now at a low price.
Hi, notice how they never talk on the MSM ( fake news )about the gold price in another currency. They should be saying wow the gold price in Australian dollars has hit a new record high, or the Canadian hits a record high. Totally controlled. Cheers