GOLD BULLS...........ROARING AGAIN?


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infocan   
Member since: Sep 03
Posts: 281
Location:

Post ID: #PID Posted on: 20-07-11 10:16:40

came down. It has slide back. The gold price slid $4.22 to $1584.27


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infocan


jigz787   
Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 20-07-11 22:41:17

Quote:
Originally posted by ashedfc
To answer your specific question: among the 2 choices CGL (Claymore) is far better than GLD. Giving individual recommendation is difficult, without understanding complete financial situation (as the same suggestion might not be appropriate for everyone). I can only give a macro view, on a general public forum..
ASH



Can you suggest a silver ETF that has allocated accounts for Silver ?
Similar to CGL for gold ??
Is HUZ good ?
Thanks



vikshr   
Member since: Aug 07
Posts: 157
Location:

Post ID: #PID Posted on: 21-07-11 13:23:22

Quote:
Originally posted by jigz787

Quote:
Originally posted by ashedfc
To answer your specific question: among the 2 choices CGL (Claymore) is far better than GLD. Giving individual recommendation is difficult, without understanding complete financial situation (as the same suggestion might not be appropriate for everyone). I can only give a macro view, on a general public forum..
ASH



Can you suggest a silver ETF that has allocated accounts for Silver ?
Similar to CGL for gold ??
Is HUZ good ?
Thanks



'SVR' from Claymore..... same group that offer CGL for Gold

PSLV (at NYSE) or PHS.U (at TSX) from Sprott ..... (USD denominated)


Ash probably can suggest more options....


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Vik


Canadianraja   
Member since: Jul 11
Posts: 26
Location:

Post ID: #PID Posted on: 21-07-11 14:43:25

Ah...we Indians had predicted the value of gold over 5000 years ago! :cheers:



vikshr   
Member since: Aug 07
Posts: 157
Location:

Post ID: #PID Posted on: 08-08-11 13:51:32

Quote:
Originally posted by ashedfc

Gold above $1700 USD.
A clear indication of what's a safe heaven.
Last time US Dollar was the safe heaven. Everything went down, only US dollar went up. This time its:

https://lh3.googleusercontent.com/-T_r9vt7qHzc/Tj-HwXVmN8I/AAAAAAAAGC0/mQAqAee7A6U/Screen%252520shot%2525202011-08-08%252520at%25252008.53.53.png" border="0" alt="https://lh3.googleusercontent.com/-T_r9vt7qHzc/Tj-HwXVmN8I/AAAAAAAAGC0/mQAqAee7A6U/Screen%252520shot%2525202011-08-08%252520at%25252008.53.53.png" />



Looks like USD still hasnt lost the status of safe-heaven :) , i dont understand otherwise why with US credit rating going down, USD would go up..... no doubt USD is a piece of paper with an arbitrary value assigned to it by the regulators/market, but there is no better currency out there as well.... and when market looks for safe-heaven, like it is right now, apparently USD still provides them with that avenue....




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Vik


peacock1   
Member since: Jul 04
Posts: 1040
Location: Woodbridge

Post ID: #PID Posted on: 09-08-11 13:08:53

Hi CD friends,
Gold held in RRSP account with ``QUESTRADE``, is they term as allocated gold, however they do not issue any confirmatiion of serial nos and like ,
can the experts on the platform sharte their opinion on this, ?
I did inquire with Questrade they said it is held physically by by the royal canadian mint, however they do charge fees to hold the same .


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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.


bhootnath   
Member since: Mar 11
Posts: 969
Location:

Post ID: #PID Posted on: 10-08-11 15:28:34

No matter Diwali or Holi...gold steadily rose..no more dependant on cnusmption but rather became a dependable currency. I would see a correction (not major one) right before it reaches 2K.




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