[Goanet] Goanet] Gold Rush !!

2009-11-05 Thread MD 
Welcome back, big Bro.
Hope u had a nice time.

MD.
Message: 4
Date: Wed, 4 Nov 2009 23:29:21 -0500
From: Bosco D bos...@canada.com
To: Goanet goa...@goanet.org
Subject: Re: [Goanet] Gold Rush !!
Message-ID: blu0-smtp9629a4fd5d58f5afbf913b3...@phx.gbl

For the Gold Pundits..

Nov. 4, 2009
Goldman: India Has Been A Horrible Gold Trader

http://www.businessinsider.com/goldman-goes-gaga-for-gold-2009-11


June 7, 1991
20 Tons of Gold Sold by India

http://www.nytimes.com/1991/06/07/business/20-tons-of-gold-sold-by-india.html

This is post-Rajiv-Gandhi assassination, pre-Narasimha/Manmohan regime.


- B

[Goanet] Gold Rush !!

2009-11-05 Thread manuel tavares 
India's purchase of the gold is a commendable stratrategic move. It is a pity 
that India is exporting Iron Ore to China instead of using it for India's own 
manufacturing industries or holding it in reserve for when it is needed. Here 
again our politicians are at it. Personal enrichment at whatever cost as 
observed in Orisa and other states where forced land acquisitions and 
displacement of populations is carried out with brutal force in the guise of 
ridding India of terrorist Insurgents. Who are these insurgents? The poorest of 
the poor  People who have lived on these lands from time immemorial who will 
not benefit in the least from these mining activities.

Manuel (Eddie) Tavares.
duk...@bell.net

Re: [Goanet] Gold Rush !!

2009-11-05 Thread Mervyn Lobo 
marlon menezes wrote:
 Unlike fiat currency, it is true that Gold is of limited supply. 
 But then, so is land and we all know how that ended up. The uncertain 
 economic climate has resulted in fear, 
 which is obviously leading to a gold bubble. Like with the property bubble, 
 as long as one is able to time the 
 entry and exit points, one should be ok to ride this bubble for a while. 
 The question is for how long?

-


Marlon,
A fair question. 
And one which has a simple answer:
The time to sell is when you see the first picture of people standing in line, 
outside a US bank, waiting to buy gold.
That is when you know that there is a real bubble, one waiting to burst.



The most recent bubble was the one in California where people with no jobs, 
income nor assets could get a loan to
buy a $400,000 house. Surely, that was a screaming exit point for those already 
with real estate investments?


Mervyn1090Lobo
-My favourite poem is the one that starts 'Thirty days hath September' because 
it actually tells you something.- Marx


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