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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 18:06
If sovereign bonds are defaulted upon in a big way governments will borrow (steal) our savings and make gold transactions illegal. You can be sure there will be no winners.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 18:00
The ultimate sanctuary considered by many. Some people do not trust soveriegn bonds :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 17:59
yeah understand yer stance cat. Physical yellow metal is bought for insurance purposes though.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Aug 8, 2011 17:54
i think you get that wrong... gold is NOT a safe heaven... this phrase is used in conjunction with inflation . Gold rises because it is liquid cash while currencies are soon illiquide . Money disappears into a black debt hole . No more cash. But when stocks and commodities crash it is just not inflation it is deflation. Why are treasuries bought ? Because there is a good chance to get cash from selling these assets later.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 17:30
yeah I been through these crashes before. Expect his gold/silver ratio will ultimately come good but right now the crisese (plural) are chronic.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 17:16
wow.. it seams just the opposite gold call from AL.. that's really brave!..

August 8, 2011 09:25 ET :

IMT ARCHIVES

August 2011

"..Meanwhile, our short gold and long silver continue working."
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 17:13
gold been acting purely safe haven since 21st July when its correlation inverted (and before that on occasions). Normally it is pretty closely correlated with stocks (spx), crude, cad/usd (not usdcad). Gold has far greater safe haven qualities than silver in times of great stress and this is why I have not bothered to featrure silver other than to highlight its tracking sideways.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 17:01
gl and gt jacek, no ill feelings.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Aug 8, 2011 16:51
sorry Dave no insinuation that you plagiarised AL calls meant.. I was just teasing you.. the only thing i took out of AL's post was a number.. and yes he has not mentioned gold in it at all but only oil and CAD..

anyway I'll take your advise and tone down my posts.. particularly the scalping ones..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Aug 8, 2011 16:48
futures 1718 HOD
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