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Originally Posted by Connecting with Sauce
Pretty much all the ones here are selling... only a couple of red (unsold items)...
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Well, this does indicate that a lot of the average punters out there are buying gold. But we must bear in mind that a lot of average punters bought bull market stock and property a few years back too .........
Quote:
Originally Posted by Connecting with Sauce
What is your agenda for pushing this 'gold isn't selling' line?
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I am not advocating alternatives, thus there can be no other agenda. Save an alternate point of view, perhaps worth considering.
Quote:
Originally Posted by Connecting with Sauce
If anything this suggests they are moving away from fiat currency and counters your argument...
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You will also see that there are very strict rules in India regarding gold sales. Bullion can not be sold - only value added gold (jewelery ect) and apparently scrap as well.
So we have Indian bullion dealers who's imports of gold have slumped 83%. And they are offloading what they can. We have ebay dealers selling gold like hotcakes.
If gold was destined to go up, up, up... you would assume these dealers would hold on to their gold like dear life wouldn't you? If gold was going up, up, up, you would assume they would be buying rather than selling?
If the dealers are not buying, but rather selling, well I personally would consider this fact very carefully before buying into gold