patrick.net

Idea: perhaps currency trading is an exercise of comparative religion? :-)

Peter P says

Idea: perhaps currency trading is an exercise of comparative religion? :-)

And can be applied to all markets big and small....

Graybox says

Peter P says

Idea: perhaps currency trading is an exercise of comparative religion? :-)

And can be applied to all markets big and small....

Yep, trading is really an analysis of beliefs.

Peter P says

Brokers in the US are better regulated. Outside of this country, many are just modern day bucket shops.

MF Global?!!!

smaulgld says

Peter P says

Brokers in the US are better regulated. Outside of this country, many are just modern day bucket shops.

MF Global?!!!

LOL, sometimes even regulations can help you so much.

http://www.bloomberg.com/news/2015-01-16/fxcm-said-to-be-in-talks-with-jefferies-for-200-million-rescue.html

I don't know about buying gold at 1275 however it's a great spot to test short positions with a stop just above 1285.... lol While your at it get into some short OIL, CAD, CHF, AUD, and JPY products.

That way your all in.... The perfect low risk contrarian trades.
One more thing don't forget to sell when your in profit.

Blurtman says

Yes, but the change (gains) will be currency dependent and vary by currency.

That I correct- now you understand gold! Gold doesn't rise or fall it is stable and currencies react to it.
Gold doesn't perform it endures

Graybox says

I don't know about buying gold at 1275 however it's a great spot to test short positions with a stop just above 1285.... lol While your at it get into some short OIL, CAD, CHF, AUD, and JPY products.

You may be right if you are trading paper gold contracts.
Really there are far better ways to make money than trading gold paper.

Gold should be held in physical form in an insured allocated vaulted account as insurance , not for speculation

smaulgld says

You may be right if you are trading paper gold contracts.

Really there are far better ways to make money than trading gold paper.

Money is money, that's why I added;

short OIL, CAD, CHF, AUD, and JPY products.

Your all right smaulgld, you remind me of Hank Hill and his selling of propane and propane accessories... Charcoal just can't match up with propane.

I no longer consider gold sacred. It is a value store only because people believe in it, and they do so mostly because the supply is limited. In this regard, it is not better than cryptocurrencies.

Peter P says

I no longer consider gold sacred. It is a value store only because people believe in it, and they do so mostly because the supply is limited. In this regard, it is not better than cryptocurrencies.

Lets just hope that hedge is never "needed" in the form or degree it's portrayed.

BTW
BITUSD at $120+/- and LTCUSD at whatever it is if/when BITUSD gets to that level will be a great speculation trade.

smaulgld says

Blurtman says

Yes, but the change (gains) will be currency dependent and vary by currency.

That I correct- now you understand gold! Gold doesn't rise or fall it is stable and currencies react to it.

Gold doesn't perform it endures

You can say the same about escort rates. Rin?

Peter P says

I no longer consider gold sacred. It is a value store only because people believe in it, and they do so mostly because the supply is limited. In this regard, it is not better than cryptocurrencies.

Or Malomars. Just try to buy them on the west coast. The only thing gold has going for it is history. That is what backs gold.

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Silver has a similarly long history. Yet the price actions are very different.

Peter P says

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Silver has a similarly long history. Yet the price actions are very different.

Re gold-its history is its history BECAUSE people always want it not because people always have wanted it

https://smaulgld.com/silver-supply-demand/

Silver is different than gold in that it has industrial uses (electronics, solar, batteries mirror), so its valued like oil or any other commodity. Silver also has a monetary and jewelry/adornment use.
https://smaulgld.com/gold-supply-and-demand/

Crytpos have only a use as a medium of exchange like checks and have no value otherwise

Blurtman says

The only thing gold has going for it is history. That is what backs gold.

Learn more about gold!:

The Most Useful Metal

Of all the minerals mined from the Earth, none is more useful than gold.

http://geology.com/minerals/gold/uses-of-gold.shtml

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Graybox says

Your all right smaulgld, you remind me of Hank Hill and his selling of propane and propane accessories... Charcoal just can't match up with propane.

My point is most trading vehicles are superior to gold but as hard assets go, perhaps few better

Most of gold demand is NON investment 70% jewelry and more than half of silver is non investment (industrial)

So it really doesn't make sense to judge them on the same basis as currencies,(crypto or other wise) or stocks and bonds

You can see from these demand charts that most of the demand of silver and gold is for non investment.
The investment value is in the mind the rest is in real world demand.

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

smaulgld says

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

Let's agree to disagree.

Need is a perception.

Peter P says

smaulgld says

Peter P says

Value is what people give things.

Silver moves differently mostly because the traders are a different set of people.

Much of the demand for silver is based on need- not perception

Let's agree to disagree.

Need is a perception.

Not really you NEED to heat your home so you need oil.
You need electronic devices so you need silver.

Silver an oil are essential needed commodities, gold not so much.
Crypto currencies not at all