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Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high

 
Anonymous Coward (OP)
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02/14/2013 10:27 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
The chinese get a lot of it. All our electronics, cell phones etc use gold. Demand is huge
 Quoting: Anonymous Coward 1327425


Yup - Asian demand is very strong... Q4 demand in India was up 41% Q/o/Q FFS!!!!
Anonymous Coward
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02/14/2013 10:36 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.
Anonymous Coward
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02/14/2013 10:57 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
i was always under the impression that when so many people bought something like that in MASS that the price would go UP. why does it keep DROPPING?
 Quoting: Anonymous Coward 17578310


We all know why...............................paper !
Anonymous Coward (OP)
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02/14/2013 10:58 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.
 Quoting: Anonymous Coward 33034699


We have a winner - ding...ding...ding!
Anonymous Coward
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02/14/2013 11:09 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
i was always under the impression that when so many people bought something like that in MASS that the price would go UP. why does it keep DROPPING?
 Quoting: Anonymous Coward 17578310


We all know why...............................paper !
 Quoting: Anonymous Coward 33034699


Stock options expiry tomorrow, be ready for a pounding going into tomorrow!
Anonymous Coward (OP)
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02/14/2013 11:25 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
i was always under the impression that when so many people bought something like that in MASS that the price would go UP. why does it keep DROPPING?
 Quoting: Anonymous Coward 17578310


We all know why...............................paper !
 Quoting: Anonymous Coward 33034699


Stock options expiry tomorrow, be ready for a pounding going into tomorrow!
 Quoting: Anonymous Coward 33034699


Looks like the turned up a day early to hammer the metals!
Anonymous Coward
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United Kingdom
02/14/2013 11:56 AM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.
 Quoting: Anonymous Coward 33034699


I think if the entire world jumps into the gold and silver markets as a result of a global financial crash there will simply be too much wealth chasing too few ounces.

Once gold becomes out of reach, silver will spike too, probably becoming out of reach also, once silver becomes out of reach, everybody will pile into other metals, Platinum, Palladium, Copper, Rhodium, Iridium, Osmium, Gallium.

People would rather have something than nothing, lots of people may horde, jewellry, fuel, food, batteries, alcohol, tobacco etc.

IMO the main ones will be Gold, Platinum, Silver, Palladium.

Copper will do well too, but nothing as extreme as the main four, it may get to the levels for an ounce of pure copper that say silver is at now.

I can see the main four becoming stores and the lesser metals becoming coins, it wont matter about face value, it will be weight.

If you have 1kg of copper right now its probably pushing 10 dollars, thats not much, but it will keep that purchasing power and probably even increase beyond that.

Wouldnt shock me if 200g of copper gets you some eggs or a loaf, but 200g of gold buys you a small hotel.
Anonymous Coward
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United Kingdom
02/14/2013 12:01 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.
 Quoting: Anonymous Coward 33034699


Historically speaking thats 100% correct.

But you cant have 7 billion people chasing the gold and silver, this time platinum and palladium will be used in the same way, perhaps even other rare metals.

Eventually 99.999% of people, especially in a hyperinflatory collapse wont be able to afford more than a few grams of anything it because the ones left are the ones who own/hold it.

Once gold and silver sky rocket people will turn to other stuff, food, alcohol, and its highly possible coins will be worth much more than higher denomination notes because they have a value in their metal weight.

A bag of 100 copper coins should keep its value relative to its metal weight, but a note that is worth the paper value of those coins, nobody will want it.
Anonymous Coward
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United Kingdom
02/14/2013 12:06 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
In an hyperinflationary transition everyone will try to find a medium of exchange before the guy next to him, as the price and scarcity of that element/medium increases; to store their generational wealth in. Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, is accepted all over the world through all language barriers.

There are only 2 elements that meet this criteria.
 Quoting: Anonymous Coward 33034699


I think if the entire world jumps into the gold and silver markets as a result of a global financial crash there will simply be too much wealth chasing too few ounces.

Once gold becomes out of reach, silver will spike too, probably becoming out of reach also, once silver becomes out of reach, everybody will pile into other metals, Platinum, Palladium, Copper, Rhodium, Iridium, Osmium, Gallium.

People would rather have something than nothing, lots of people may horde, jewellry, fuel, food, batteries, alcohol, tobacco etc.

IMO the main ones will be Gold, Platinum, Silver, Palladium.

Copper will do well too, but nothing as extreme as the main four, it may get to the levels for an ounce of pure copper that say silver is at now.

I can see the main four becoming stores and the lesser metals becoming coins, it wont matter about face value, it will be weight.

If you have 1kg of copper right now its probably pushing 10 dollars, thats not much, but it will keep that purchasing power and probably even increase beyond that.

Wouldnt shock me if 200g of copper gets you some eggs or a loaf, but 200g of gold buys you a small hotel.
 Quoting: Anonymous Coward 34379378


It may of course not work out this way because you would assume most manufacturing would stop outright... killing the prices of industrial metals, but i dont think anybody can predict what will happen with the non precious metals that are still worth something for relatively little weight.
Punk-A$$ets

User ID: 30559668
United States
02/14/2013 12:16 PM

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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
lol GOLD UP 6% ON YEAR?

DOW WAS UP 30%
 Quoting: Anonymous Coward 19099851


How about it. If the DOW keeps going it'll be all the way up where it was 6-7 years ago.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
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United States
02/14/2013 12:28 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
Out of all the metals Gold is the hardest to fake.
Who has a silver tester, a palladium tester, a Platinum tester ? How many people could hold an ounce of gold and be pretty sure it's and ounce of Gold including the bend and bite test? How many people could take an ounce of Silver, platinum or palladium and be pretty sure it is one of those metals ? ? a few maybe but not likely.

See !

the only thing close to Golds density is tungsten and it is almost impossible to work with.

Rememeber:

Something that is non-corruptible, can't be printed, is timeless, doesn't rot, rust, decay, spoil, degrade, hard to contaminate, is portable, something that is familiar, is accepted all over the world through all language barriers.

There is only (1) one elements that meet this criteria.

Silver is iffy because of the industrial applications vs Gold. If manufacturing collapses at the same time there will be all kinds of it available ? "mmmmmmmmmmm" ?
Anonymous Coward (OP)
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02/14/2013 01:10 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
lol GOLD UP 6% ON YEAR?

DOW WAS UP 30%
 Quoting: Anonymous Coward 19099851


How about it. If the DOW keeps going it'll be all the way up where it was 6-7 years ago.
 Quoting: Punk-A$$ets


Yup!!
Anonymous Coward
User ID: 1310640
United States
02/14/2013 01:12 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
I wonder if gold will ever break trough the 1700/oz barrier again, i dont think so.
 Quoting: Anonymous Coward 14505884


Exactly, all those retards buying worthless gold!

I'm saving my money in the bank, its guaranteed by government and these idiots are buying gold that could be stolen!

cruise
 Quoting: Anonymous Coward 34379378


Govt promises?
Read up on gold and silver certificates which were specifically designed to give credibility to paper money.
Read up how gummint printed more that could account for all known mined pm's and read how they reneged on payment in pms as promised, and then raised the officialprice for gold that they confiscated from the public to profit the Fed, and not the treasury
Anonymous Coward
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United Kingdom
02/14/2013 01:17 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
Weird to think that in this paradigm shift and age of technology it'll be the commodity that has been s currency for thousands of years that we will go back to.
Anonymous Coward
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United States
02/14/2013 01:21 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
Weird to think that in this paradigm shift and age of technology it'll be the commodity that has been s currency for thousands of years that we will go back to.
 Quoting: Anonymous Coward 8526660


It remains valuable because chicks will fuk for shiny baubles even from old ugly men.
That's where its value came from, chicks dig it
Anonymous Coward (OP)
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02/14/2013 01:30 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
Weird to think that in this paradigm shift and age of technology it'll be the commodity that has been s currency for thousands of years that we will go back to.
 Quoting: Anonymous Coward 8526660


Makes perfect sense in a world that parked sanity firmly at the door 40 years ago!
Anonymous Coward
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United States
02/14/2013 03:34 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
I wonder if gold will ever break trough the 1700/oz barrier again, i dont think so.
 Quoting: Anonymous Coward 14505884


Exactly, all those retards buying worthless gold!

I'm saving my money in the bank, its guaranteed by government and these idiots are buying gold that could be stolen!

cruise
 Quoting: Anonymous Coward 34379378


Hahahahaha!!! He said, "Guaranteed"...by the government! ROFL!!!
Anonymous Coward
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United States
02/14/2013 03:36 PM
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Re: Q4 2012 gold demand up 6% year-on-year as 2012 sees demand hit a record high
...and then I realized you were being sarcastic. :(

Sorry.