Who is buying all the gold?
georgiesdad94 asked:
are certain individuals buying it to make money for themselves or are intermediaries buying it for other nations,just why is there such a demand.
Probably,you seem to suspect something untoward in all this?
Mark,i’m not after getting rich on the stockmarket,i want to know who’s buying all the gold!
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are certain individuals buying it to make money for themselves or are intermediaries buying it for other nations,just why is there such a demand.
Probably,you seem to suspect something untoward in all this?
Mark,i’m not after getting rich on the stockmarket,i want to know who’s buying all the gold!
November 25th, 2009 at 4:58 am
me Lola
November 26th, 2009 at 8:56 am
Cash 4 Gold elem
November 26th, 2009 at 10:08 pm
The falling value of the American dollar is one reason. The poor economy also drives up the demand for gold. In both cases, gold is seen as a more secure investment. Braden
November 29th, 2009 at 9:00 am
It’s a stable commodity, guaranteed to be worth a reasonable amount regardless of market fluctuations because it’s prized for its appearance and industrial applications. It’s why currencies used to use gold as its standard. Therefore, it’s a good way of storing your funds in a form that can easily be converted without loss. Finchy
November 29th, 2009 at 3:20 pm
You know that goose in Jack and the Beanstalk that lays the golden eggs?
Well she has been taking all the gold, grinding it up and putting it in her feed like a fiber powder. That’s how the eggs come out gold. And that is who has been stealing it all. Her and that giant. twistdelegance815
December 1st, 2009 at 8:56 am
i dunno… but everyone wants in on the deal….
money generaly gets dumped into gold when we head for war…. so… im not sure what this spike is telling me,? i’m not sure who’s doing the buying…. i hope its just greed orientated… and not war mongerers making there money safe, da’zone
December 3rd, 2009 at 3:22 pm
In my opinion, it is mostly speculation. Many people get attracted by the rising price of gold, and that activity pushes its price up. I think it is easy to get burned in such a market. Something similar happened back in early 1980’s when people actually lined up to buy gold at $800 per ounce. Soon after that, the market fell, and gold did not do anything for almost 25 years! Prof. CSB
December 5th, 2009 at 6:04 am
That is a good question.
It’s speculation at the moment and so it is probably a mixture of lots of different sources.
It will crash just as the oil price bubble did.
What worries me more is how all the other metal prices have shot up. Lead? Who needs lead? (or rather who needs so much lead that the price shoots up like mad?)
EDIT: “Untoward” is not the word I would use but the whole thing is definitely being driven by people with power and huge amounts of money (including governments).
When the bank crash started, the gold price didn’t rise in such a “panicky” way as it has in the last few weeks. The news is now full of “look at the price of gold” stories. The people with the money will wait until everyone jumps on the bandwagon (i.e. Joe Public), sell their interests and watch as everyone gets caught out. That’s what happened with oil and it will happen with gold. If only we knew when…… probablygraham
December 6th, 2009 at 6:46 am
People are buying gold as a hedge against the US dollar. The dollar is dropping due to gross government spending and a ridiculously huge, growing national debt. If your dollar is loosing value, trade it for something that’s not, gold. Socrates
December 7th, 2009 at 3:04 pm
Not me ! Honest guv ! marcus VI
December 9th, 2009 at 4:29 pm
Part of the ‘gold rush’ is due to the flood of paper money being printed by central governments looking for investment. Many fear rampant inflation as a result, and so look to and buy ‘good old gold’ to hold its value. Another reason for purchasing gold is the uncertainty and fear of a recession, as gold has always been a real store of human value since time immemorial. This is partly because it is malleable, ductile and attractive and can therefore be made into beautiful jewellery. Another reason is its proven scarcity on earth and the expense to extract it from tons and tons of rock. It is becoming more and more scarce, making mining it more expensive. All of the planets gold could fit inside a square tennis court.
Conspiracy theorists claim governments are trying to support their fiat (worthless paper) currencies by selling there gold to keep gold’s price artificially low. They now claim much of the gold is now held by private individuals. Could all of the firms springing up and buying gold be secretly selling the gold back to Government, which can just get the Bank of England to print more money to buy it back??? These groups also believe gold is being sold and ‘held’ on the stockmarkets for the buyers which does not physically exist and that if people realised the real demand and scarce supply it would fly higher and higher. Ever since paper money ceased to be backed pound-for-pound by gold reserves at the start of World War 1, its value has only been on trust. Trust is on the slide, so people are buying gold. There are also conspiracy theorists who believe that the global corporations and financiers are working in collusion to reduce the individual to a mere working ant. What you can be sure of is that gold is having a real rush, and who knows where it will end? Beastmaster General
December 12th, 2009 at 10:01 am
1990 “buy tec stocks its only going up up up……CRASH!
2005 “Invest in restate you house never goes down…..CRASH!
2008 “Oil futures is the way to go….CRASH!
2009 ” Gold! Put your money in gold ……..????
oh I forgot the stock market CRASH
When people are buying SELL!
When people are selling BUY! chris
December 15th, 2009 at 8:46 am
As has happened throughout recorded history, utter fools are; whether they are individuals, corporations or nations, it is always the idiots that are buying the gold.
It is yellow metal that sits there as “does” nothing other than retain its “buying power” consistently. No dividend, no earnings, no “contribution to society”, no job creation…
An ounce of gold will buy a quality Mens’ suit. The price of gold (like the price of a suit) has doubled since the 1980’s. Roughly $900 used to buy Dow stocks (instead of an ounce of gold) in 1980 would today be worth (after this latest “crash”, LOL!) about $10,300…
I’d rather have the $10,000 than the $1,000, thanks! Mark
December 16th, 2009 at 6:32 am
According to Forbes, Central Banks are buying gold as a reserve currency. jeff410
December 19th, 2009 at 12:50 am
China & India for a start raysor