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  1. hobo-jo

    Gold price over $US1600/ounce

    Think it was only recently that China became a net importer of Gold, a large amount as well even though they are already the worlds largest gold producer... That really says something. They dont regularly update their gold reserve position, my epectation is that when they do next inform the...
  2. hobo-jo

    Gold price over $US1600/ounce

    Are they stockpiling for speculative purposes? I think it's certainly a possibility, but given that it reads like some of those stockpiling are state owned enterprises... where else are they going to put their reserve funds? Into US securities where they are worried about the trillions they...
  3. hobo-jo

    Gold price over $US1600/ounce

    Only problem with sovereigns is they are not fine enough to avoid GST. So dealers markups on these can be considerably higher than other forms of Gold. In my opinion sovereigns are a great SHTF scenario coin, containing slightly less than 1/4 of an ounce (.2354oz AGW), but if you want maximum...
  4. hobo-jo

    Gold price over $US1600/ounce

    The fact is we are in a rolling debt crisis that began with the implosion of the subprime market 4 years ago. The debt issue is not isolated to the US and neither is the US immune to the sovereign debt issues that are currently rolling through Europe. I've read arguments for both...
  5. hobo-jo

    Gold price over $US1600/ounce

    A much easier way to get exposure to the price of US$Gold without currency risk would be to use the (fairly recently introduced) Betashares hedged product (QAU): http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=QAU It's designed specifically to track the US price of Gold...
  6. hobo-jo

    Gold price over $US1600/ounce

    Agree and disagree. When I said physical Gold I meant physical Gold, not ETFs, Warrants, Futures or any other paper traded proxy that speculators use. I would suggest most buying physical Gold are not doing so to speculate. Further to this if you believe that the market is now just trading the...
  7. hobo-jo

    Gold price over $US1600/ounce

    Physical Gold is a security asset (insurance of sorts), not purchased for the income it returns. But I'm currently holding a Gold stock whose: - Share price is roughly 70% backed by cash in the bank - Have Gold tenements/projects & a royalty stream that is paid in Gold, so exposed to upside...
  8. hobo-jo

    Gold price over $US1600/ounce

    Public debt alone: Private and Public (does not include off balance sheet figures): Overall the US is up there with the worst of the PIIGS:
  9. hobo-jo

    Gold price over $US1600/ounce

    Which time would that be specifically? The situation now is a lot more dire than any other time in history. Their debt to GDP a lot higher than it was before the great depression and even then it took them decades to really recover (and the current debt to GDP doesn't take into account off...
  10. hobo-jo

    Gold price over $US1600/ounce

    Unfortunately the 'problems being fixed' as you have put it is rather just kicking the can further down the road. Are the US or PIIGS going to be in any better position to reduce their huge debts (or even slow the appreciation of them) 12 or 24 months down the track than they are now? Seems...
  11. hobo-jo

    Gold price over $US1600/ounce

    It's passive now, as was the last Gold bull market until it went parabolic and quintupled in less than 12 months. In my opinion we are nearing the same tipping point in the current bull market and the gains will be magnificent.
  12. hobo-jo

    Gold price over $US1600/ounce

    I dunno, $100+ move isn't bad in a couple of weeks ($1400 to $1500).
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