This the thread about the post-Thatcher British economy

stop killing the planet

Gold passed $900 today. Bubblicious

Looks like one. Except, isn't it supposed to be a hedge against inflation and aren't we merely at the beginning of the inflation game? Also how many people do you know with gold? Bubble will surely be when people at work start buying into it (maybe they already are!). Won't gold fall once things start looking ok again..and when will that be?

I know a couple of people who've been buying gold!

Some of the gold price increase is due to the collapse of the currency it is valued in, i.e. the dollar.

Gold is a stupid thing to invest in it is worth very little. Platinum would be a better hedge in this day and age.

(i think it's hilarious that the us econ thread is tom being all lolbitchy and the uk econ thread is some ancient s. clover question about simon reynolds!)

The worse it does the better everything else is so its not too bad

Platinum is subject to VAT?

is it worth very little. the central banks aren't selling it off anymore (and may be buying back in?)

almost of gold price increase is due to collapse of currency its valued in (dollar)..as pound is now falling even against the dollar it makes it go up even faster

and most importantly..what events do you think will bring gold back down?

Platinum is subject to VAt in the UK, not in the channel islands though. Palladium Bullion is also becoming popular.

and the conditions which will bring price of gold down?

(i think it's hilarious that the us econ thread is tom being all lolbitchy and the uk econ thread is some ancient s. clover question about simon reynolds!)

-- gff, Monday, January 14, 2008 7:08 PM (40 minutes ago) Bookmark Link

^^^

http://www.independent.co.uk/multimedia/archive/00263/frontpage190108_263078a.jpg