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Thread: Who buys gold ?

  1. #2961
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    It looks like gold was taken down..for a short duration.

    Today it went down cca 25 $ in the morning and it went
    UP cca 40 $ in the afternoon (as I write).

    https://finviz.com/futures_charts.ashx?p=d&t=GC

  2. #2962
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    Gold forecast and analysis:

    https://www.reuters.com/markets/comm...7-27/?rpc=401&

    Gold to average 1,944 in 2023 and 1,988 in 2024

    My note: Impressive analysis and forecast ...only that today
    it went up 50 $ +, briefly surpassing 2,000 $. So my reservations
    about analysis and forecasts seem quite justified.

    "The only role of forecasters is to make fortune tellers look good."

    Warren Buffett

  3. #2963
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    Millenials have the highest percentage of gold in their portfolios: 17 %

    https://www.kitco.com/news/2023-07-2...ing-breed.html

  4. #2964
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    Gold investment demand Q2-2023 up 20 % from Q2-2022.

    https://www.zerohedge.com/commoditie...second-quarter

  5. #2965
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    Sovereign Bond Funds.

    These are bonds denominated in gold, issued by RBI (Reserve Bank of India)

    They are really safe and easy to buy.

    https://www.forbes.com/advisor/in/in...ign-gold-bond/

  6. #2966
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    Correlation US $ with gold

    This correlation is weaker than before. Nowadays the correlation coefficient is - 0.31

    https://schrts.co/xcxbhQUc

  7. #2967
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    Goldback.

    Goldback is a voluntary, local currency.

    https://www.americanbullion.com/what-is-a-goldback/

  8. #2968

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    Quote Originally Posted by oak333 View Post
    Goldback.

    Goldback is a voluntary, local currency.

    https://www.americanbullion.com/what-is-a-goldback/

    I have one of those... somewhere. Forget where I got it, probably a promotion of some sort.

  9. #2969
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    I know that buying gold is a hedge against inflation and can be a good long term investment, but wouldn't purchasing bonds from the treasury be better since they pay interest over time?

  10. #2970

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    Quote Originally Posted by jessicasyl View Post
    I know that buying gold is a hedge against inflation and can be a good long term investment, but wouldn't purchasing bonds from the treasury be better since they pay interest over time?
    have you done your math yet?

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