When you think of Germany these days you think of precision cars, Fine fresh food and a tantalizing range of exotic beer… but it seems like these little critters are getting a taste for gold too now in this current financial crisis! So much so they have decided to install gold vending machines that contain real gold inside! (see pic above)
WHAT DID YOU SAY!!??
Yes!….GOLD! Not only that, but instead of having to go to a dealer, or find your way around an expensive mint, you can just walk up to a vending machine, throw in your money and HEY PRESTO, out comes your gold!
According to experts, once these vending machines are installed it will be as easy ‘as buying a chocolate bar’ after plans were announced on Tuesday to install gold vending machines in airports and railway stations across the country.
Alot of my friends where amused by this story today and I just had to pass it on. If you are thinking this is just a joke, then here is the actual NEWS STORY LINK from ft.com.
Instead of little Johnny loitering around mums knees pulling at her dress and hounding her for a chocolate bar, he will be soon asking mum for a real gold bar, more funds for college and demand dad hand over the business section of the newspaper to read before school.
I can see lots of crazy ideas coming for TV ads in regards to ‘plugging’ these Gold Vending machines!
GOT GOLD?
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Posted on June 17th, 2009 by admin | 692 Comments »
Over the last few months we have witnessed some very extreme moments in the markets. But the price of gold today dropped significantly. Recently the positive moves we saw in gold made it look like it was on a major case of ‘high grade’ steroids. These moves took the prices of silver to incredible highs and gold back to around the 1000 dollar level. (seems like a very significant psychological level for investors now)
The reason for the move ? Well, it seemed that every man and his dog was beating the “buy gold today” drum, and it sure did work! It caused a mass buying frenzy…I liken it to panicing kids chasing down the icecream van on a saturday, waving their hands about ferociously, and showing their crisp money notes screaming “WAIT….WAIT!!!”
As an avid investor, I am heavily invested in gold. I have been buying on the dips. You must realise this is one important aspect of making money on the market. The recipe for disaster is buying something that keeps hitting new highs. Remember that saying, what goes up must come down! YES! Nothing ever goes up in a straight line!
Anyway…
Have a good look at the chart below, and you will see what I mean. You see that the gold stock today has broken a major line of support! This means there is a significant chance that both gold, silver and some of the precious metals could be in a bit of trouble now…
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Posted on June 15th, 2009 by admin | 963 Comments »
