Gold up on the quarter but down on the month
Disappointing to see that gold could not hold on to its recent gains although it is still up on the quarter. It is down 3.2% in March but up 6.8% on the quarter. I’ve had many people ask me if it can fall below $1200. Of course the answer is “Yes it could” but …. and its a big but ….. many gold mining companies are finding it costs around $1200 to dig gold out of the ground. If the gold price falls below $1200 many minors will simply have to shut up shop. This reduces supply … and guess what? That’s right, the price goes up again.
I know many people are maddened by the fact that physical gold seems to be the only sane thing in an insane world yet is not making the kind of returns they hoped for in the short term. I would have to agree. The reality is, w’ve been putting up with the idea that debt can be used as equity in lieu of things with real value (like gold) for a long time now. The so called “paper gold Market” is much bigger than the physical gold market. Some say by a factor of 100-1. At the moment insanity reigns but that should not put you off holding something that has proven itself a store of value for thousands of years. The day will come when fiat currencies and multi-trillion dollar national debts disappear up their own orifice and when that happens you had better be ready. Ditto for all you silver lovers too.
Related Posts
Comments are closed.
6 Comments
At £100 to double-you’re not really competing with large scale seasoned professionals.
Once you go down the doubling numbers you begin to compete in effect with institutions and or Goverment policy etc(as that kind of continual doubling becomes an Intrest to the other 7 billion people and stated Goverment)
As a result-after a handful of these ‘doubling’ moves…the ability and time and competing positions from other investors and said governments etc just make the ability a compounded hardness.
Hopefully as we become more sophisticated we can enjoy these posts but realise they are like any other headline….attention seeking!
I’m afraid that none of that is even remotely true, Gerry. Remember, DYWTAM was written by not one, but two, multi-millionaires using these very techniques. I suspect that you’ve been ripped off in the past by the many “get rich quick schemes” that are out there. That’s a real shame. Having done all of the fourteen levels myself, (and I watch others do the same every week), I feel highly qualified to disagree with every single one of your comments. If you’re not rich now then you have to change your thinking if you want to make serious money. Here’s the thing; “If you keep doing what you’ve always done – you’ll keep getting what you’ve always got”. Stop and think about that for a minute. I don’t know if you live in a two million pound house but if you don’t, here you are telling someone who does that this won’t work. Really? The DYWTAM Programme is a genuine no-nonsense guide on how to become a millionaire – and absolutely anyone can do it.
Barry, is it only 10 issues of Double your way to a Million? A friend of mine who is interested wants to know, thanks.
Yes. That’s correct. One a month for ten months.
hi barry i am interested in your horse racing course and your recommendation of using isiris,i understand kevin booth has resigned from isiris do you still recommend we use this company still thank you,and also i notice on your websitethat it is still dated 2017 .
Good question. I have not used the Isiris service recently. I had a brilliant 11 year run but eventually I got closed down by all the bookmakers. I guess that’s a real sign of success but it was fun to do and I actually miss it. I did not know that Kevin had actually retired but I understand that the results this year have been extremely good. Maybe regular readers who still use Isiris can update me on that one and let me know how they are doing.