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Social Clubs / Deranged Monkey Criticism
|Subject: Re: Poll: Technical Analysis||Date: 5/15/2013 1:09 AM|
|Author: Garranova||Number: 17130 of 22401|
What gold is...is just an alternative form of money/currency. Now it lacks the medium of exchange function so it has to be converted back to dollars or yen or loonies but it has the store of value function.
MDCigan - Do you think defining gold as an alternative form of currency might cloud one's ability to interpret the TA? Wouldn't it be less of an intellectual burden to treat it as simply another commodity?
Also, along these same lines, did the charts leading up to the yen's drop in recent months show the same sort of thing as the charts ahead of gold's drop from 1800 - 1400?
I would love to be able to make money off of this stuff but there's so much other stuff to make money off of (says guy who missed out on move from $300 to $1000). More and more I think Buffett's anti-gold stance is about eliminating potential investment categories in order to simplify one's life, rather than a judgement on its merits as an investment.
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