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  1. #1
    Thailand Expat

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    Where To Put your Money

    Given the state of the Financial World and the interest rates offered by Banks makes the decision as to where to put your cash very difficult

    This is what I did

    Bought a very large amount of physical Gold at $910 oz
    Now $978 oz
    As I stated in another thread, because Gold is priced in Dollars the exchange rate determines your worth
    In this case as I bought at $1.49 /GBP now 1.64 , I am making a near 7% loss if I sold
    I invested in Aliquot Gold Bullion Fund 4 months ago, they finance Gold Miners
    17000 GBP gain in 4 months
    So it seems that investing in Gold = stupid, funding miners OK

    So I reasoned that Black Gold given it,s low price( 4 weeks ago ) was a no brainer punt

    I invested heavily into several Oil based ETFs 4 weeks ago

    Result 37000 GBP Gain

    One ETF Power Shares DB Crude Oil double long has made 23 grand in 4 weeks
    its risky -ish but will double any gain in OIL or the reverse can happen

  2. #2
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    Quote Originally Posted by TSR2
    Where To Put your Money
    under your bed seems to be the best place these days

    Quote Originally Posted by TSR2
    I invested heavily into several Oil based ETFs 4 weeks ago

    Result 37000 GBP Gain
    I would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders

  3. #3
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    I am in the process today of buying Gold. Fingers crossed that it goes better then my shares.

  4. #4
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    I am in the process of trying to make some money to put somewhere.

  5. #5
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    ^ Very Droll

  6. #6
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    Quote Originally Posted by Butterfly
    would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders

    Not sure BF ,US oil reserves are low, the Oil Industry needs the price to be around $70 to encourage exploration

    Its a tough call , my head says sell , or at least bank half the profits,

    Oil [at] $ 68 is close to my target of $75.by year end , it,s only June

    MMMHHH

  7. #7
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    Are we not expected another summer Oil Shock?

  8. #8
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    I will sell when Gold gets to $1,300.

  9. #9
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    Quote Originally Posted by TSR2
    Not sure BF ,US oil reserves are low, the Oil Industry needs the price to be around $70 to encourage exploration
    Of course the industry would like to see the price higher, doesn't mean it's going to happen, don't forget you need to have demand to follow

    I wonder how they manage explorations for all those years when it was 30 USD

    Quote Originally Posted by mrsquirrel
    Are we not expected another summer Oil Shock?
    It's already happening, the second shock wave is going to pull back Demand even more, creating another mini shock and forcing the world economies into a bigger recession, just because stupid oil speculators live in lala land and the arab are tired in being paid in low value currency. They rather keep it in the ground.

  10. #10
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    Quote Originally Posted by Butterfly
    It's already happening, the second shock wave is going to pull back Demand even more, creating another mini shock and forcing the world economies into a bigger recession, just because stupid oil speculators live in lala land and the arab are tired in being paid in low value currency. They rather keep it in the ground.
    Been about an 8% increase at the pumps in the UK in the last two months

  11. #11
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    Quote Originally Posted by Butterfly
    They rather keep it in the ground
    So given your comment thats a sure sign that higher prices are happening and will continue although not to last years levels maybe

    A few years back you could rely on Kenya.Venezuela to piss on the party, but not now!!

  12. #12
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    ^ yes it the short term, there could be a rally, which would shift demand (decrease) even more

    again the price rally has no justification except speculation (keeping in the ground and betting on higher future prices)

  13. #13
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    Never mind where to put it, its getting harder to get it in the first place thats worrying me

  14. #14
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    With the world starting to lose some faith in the future value of the $US and with this little surge in world stock prices, money is going out of the $US and into stocks and other currencies more than gold. Many people, including myself, believe these little green shoots of recovery in the stock market are just a false start in the economic situation that will be devastated by a crash of the $US. A lot of that money coming out of $USs and now going into stocks is going to end up in gold when the bottom falls out of stocks again.

    The British pound doesn't have much going for it long term and its got to be the next big casualty after the $US. Thats going to make your gold purchases look pretty profitable then. The only thing thats going to kill the gold price is when the economy finally really does recover and money migrates back into actual productive industry. Thats when oil and minerals will come into their own and gold will sink once again.

    I agree with you that the price of oil will probably level off at around $70 OR $80 at current $US value for the foreseeable future. The Saudis have openly said thats where they need the price to be. OPEC is reducing supply to match demand in order to get the price up and thats been buoyed by the optimism of this minor stock market surge.
    Last edited by Panda; 02-06-2009 at 05:56 PM.

  15. #15
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    ^

    I welcome your input Panda , you always seem to make sense

  16. #16
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    ^ unfortunately he doesn't, he has no clue

    if you are just looking for confirmation of your buying decision (confirmation bias), you should try a real investment forum, see what the bloggers are saying over there

    bet they all are predicting oil at 80, the silly fools, be careful not to get caught in the speculative wave, because when it's time to get out, you will be the last to know

  17. #17
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    It's always been said that gold will always hold it's value {historically} with little change, as it will remain the standard for solidity. But remember, the same elites that invent wealth and economies are the same circles that can do whatever they wish when it comes to the value of gold or even set a standard of what or what isn't of said value. Perhaps 200 years ago, there might have been enough physical gold to match and reflect the illusional ideal of physical wealth {worldwide}. Today....not a chance. Not even close. Comical. Those comments said.....hypocritically, we've invested in real physical gold holdings. Having a superficial piece of paper or an electronic guarantee reflecting your physical gold investment means nothing compared to aquiring gold. Familiar land is your greatest asset.....

  18. #18
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    Quote Originally Posted by Butterfly
    I would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders
    I agree with this, traders are idiots but one thing I will add, oil price is going up due to the projected demise of the dollar. The price rises over the last few months have nothing to do with demand. If oil was priced to demand it would be 30 bucks a barrel now. Its all about the dollar now, the demand levels are irrelavent right now, in fact they have been irrelevant for about 6 months as oil has traded with general economic data, as this so called "green shoots" (dont ya fecking hate that term?) data comes out oil rises in anticipation of demand return. As I watch this data daily, its clear to me that oil is going back above 100 in the not too distant future but could well see 50 again before a hundred.

  19. #19
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    AH there is the problem, many opinions , so which would you back?

    So Spin if you believe that oil is going back to $100 despite the $50 blip

    Why not buy the ETF Power Shares Double long, and make a fortune, depending of course what you stake is

  20. #20
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    Quote Originally Posted by TSR2
    One ETF Power Shares DB Crude Oil double long has made 23 grand in 4 weeks its risky -ish but will double any gain in OIL or the reverse can happen
    Quote Originally Posted by TSR2
    Why not buy the ETF Power Shares Double long, and make a fortune
    you probably answered the question earlier

  21. #21
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    Quote Originally Posted by Spin
    I agree with this, traders are idiots but one thing I will add, oil price is going up due to the projected demise of the dollar. The price rises over the last few months have nothing to do with demand. If oil was priced to demand it would be 30 bucks a barrel now.
    That's Thai logic thinking, the lower the demand, the higher the price, which is exactly what the Hotelling principle is all about, except it's coming from the Arabs

    Quote Originally Posted by Spin
    As I watch this data daily, its clear to me that oil is going back above 100 in the not too distant future but could well see 50 again before a hundred.
    Wishful thinking, but again possible, greater fool theory and bubbles are never in short supply

  22. #22
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    Quote Originally Posted by TSR2
    Why not buy the ETF Power Shares Double long, and make a fortune, depending of course what you stake is
    I did, a while back, for the ficticious TD stock portfolio, here
    Its up about 60% since I bought it when oil was at about 40$.

  23. #23
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    ^

    Looks like a good Portfolio

    Shame that it was on paper though

    When it comes getting your hand in your pocket and backing your hunches there are always nerve twitches

    I monitor my list every day and read the various opinions ,charts etc

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