Wt Gold 2x Discussion Threads

[deanroberthunt] 23/6/2016 07:21

yep, If we get a strong rally today on the markets and gold falls, I'll be buying actually the 3AUL, 3 x Leveraged Long Gold. as a hedge for Brexit....plus Gold has pulled back anyway and we can't be far off recession, so it'd be worth it anyway.

[ifthecapfits] 10/6/2016 16:35

Thinking about it. Might buy ahead of possible brexit.

[wizard7] 10/6/2016 15:43

Been buying back in on this latest dip - anyone else here?

[ifthecapfits] 08/3/2016 09:53

Might be time to buy ahead of ECB Thursday

[goldenshare888] 24/2/2016 21:01

Nice cup and handle forming?!!

[wizard7] 15/4/2013 08:08

Crumbs - hope holders are not holding too many...

[adv rob] 21/3/2013 15:07

Saw this over on the Leveraged Silver (LSIL) thread:

Where are the Stops? - Thursday, March 21: Gold and Silver

[adv rob] 06/3/2013 23:45

I'd expect to see strong support around these levels.

[buffett100bln] 27/2/2013 23:51

Yep. Am buying more bullion on a weekly basis.

[wizard7] 27/2/2013 09:44

Anyone brave enough to dive in yet??

[buffett100bln] 16/5/2012 14:10

If you don't trust the whole financial system then you're basically saying you don't trust any counter party risk. The only way to protect yourself completely is to be 100% in charge of your money and put it in either cash (NOT a good idea) or Gold bullion. We all need a bit of cash to survive and pay bills. But take Selftrade. If you have an ISA with them for instance, you're basically trusting SocGen....(who many say are allegedly basically bankrupt).

So yeah, there is a strong argument for holding assets (coinage, bullion) outside the banking system. It just depends whether you can store it safely an inexpensively.

In the mean time, the derivative illusion will one day explode and go to zero. So if you hold any ETFs which aren't backed by real assets then you are playing with fire and you could lose everything.

But short of anyone robbing you of your coins, if you hold Gold then you're pretty much 100% protecting your wealth from having it stolen either by financial ineptitude of City boysee or by the silent stealth of inflation.

Physical Gold will never lsoe 100% of its buying power. Of that, you can be 100% certain!

[buffett100bln] 15/5/2012 12:31

I was out and took profit but not as much as I could have. (106p)

To be honest I actually don't trust these derivative derived ETFs - they will one day go to zero.

Just buy sovereigns from a dealer and hide them well.

This metal is going to $3000 everntually. Make use of this retrace becuase the next leg up on Fed and ECB printing is going to see over $2100 for Gold.

[wizard7] 09/5/2012 17:04

Buffet - did you take any profit or are you back to square one?

[buffett100bln] 30/12/2011 08:39

I think $1525 might have been the low but lack of volume means it can't be verified as yet.

Either way, an $88 buy in here is good enough for me.

[wizard7] 15/12/2011 08:06

Anyone playing here? Must be a good entry point ... unless POG drops to the 1300 nigtmare scenario...

[wizard7] 03/10/2011 17:07

looks more likely to me than a silver bottom for now - but would happy to see another dive to 1500 ish before loading up here.

[traderabc] 29/9/2011 10:41

Gold bottom?