08-24-2015, 01:50 PM
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#41
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First Line Centre
Join Date: Oct 2001
Location: The centre of everything
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Quote:
Originally Posted by heep223
Gold is down 20% since the energy collapse. Commodities, including precious metals, look extremely weak. How would buying gold help you?
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Not in $CDN...it's actually higher. Sept 2014 was about $1350 and its about $1525 right now. The only time its been higher in the last 12 months was Jan 2015 when it was about $1575.
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08-24-2015, 01:52 PM
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#42
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Franchise Player
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Quote:
Originally Posted by FLAMESRULE
Not in $CDN...it's actually higher. Sept 2014 was about $1350 and its about $1525 right now. The only time its been higher in the last 12 months was Jan 2015 when it was about $1575.
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Nevermind gold then. Just hold something other than Canadian stocks, dollars . . . or jobs. 
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08-24-2015, 02:43 PM
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#43
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Lifetime Suspension
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Quote:
Originally Posted by FLAMESRULE
Not in $CDN...it's actually higher. Sept 2014 was about $1350 and its about $1525 right now. The only time its been higher in the last 12 months was Jan 2015 when it was about $1575.
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Are you talking stocks,mines or bullion?
Please share your secret if your trading ETF's or futures in CDN $$$.
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08-24-2015, 03:09 PM
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#44
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Scoring Winger
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Quote:
Originally Posted by T@T
Are you talking stocks,mines or bullion?
Please share your secret if your trading ETF's or futures in CDN $$$.
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Physical, it's not an investment, more like insurance on your government and its currency. 5 percent of your portfolio.
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08-24-2015, 03:17 PM
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#45
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Lifetime Suspension
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Dow almost made history as at one point it was down over a 1000 points 
Ended up down 588, which still is donkey balls on a fu'in stick.
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08-24-2015, 03:21 PM
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#46
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Franchise Player
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Pretty happy to be young, and pretty liquid right now. Waiting to see how this effects interest rates, and the Canadian housing market now.
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08-24-2015, 03:45 PM
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#47
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First Line Centre
Join Date: Feb 2014
Location: Uzbekistan
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I wished I was %100 in equities during the bull run. Today I'm glad I have a considerable bond component to my portfolio.
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08-24-2015, 04:46 PM
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#48
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First Line Centre
Join Date: Oct 2001
Location: The centre of everything
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Quote:
Originally Posted by T@T
Are you talking stocks,mines or bullion?
Please share your secret if your trading ETF's or futures in CDN $$$.
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My secret is stay away from gold ETFs. Bullion only. I don't care what price it is in $USD...I don't live there.
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08-24-2015, 04:48 PM
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#49
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First Line Centre
Join Date: Oct 2001
Location: The centre of everything
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Quote:
Originally Posted by blueski
Physical, it's not an investment, more like insurance on your government and its currency. 5 percent of your portfolio.
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Agreed...I like to have a higher target than the 5%, but its a good starting point.
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08-24-2015, 08:22 PM
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#50
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Franchise Player
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5% of your bug out kit maybe. I'm not sure what it's insuring these days.
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08-24-2015, 08:40 PM
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#51
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First Line Centre
Join Date: Nov 2010
Location: Sunnyvale
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Even the North American stock markets are made in China.
__________________
The only thing better then a glass of beer is tea with Ms McGill
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08-24-2015, 08:58 PM
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#52
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Franchise Player
Join Date: Mar 2015
Location: Pickle Jar Lake
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Not only are we getting their market crash, now we get stuck with Beijing air quality, too.
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08-24-2015, 09:20 PM
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#53
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by Derek Sutton
Even the North American stock markets are made in China.
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Actually I think this is more important than it seems, in my lifetime the world reacted to the U.S., now the U.S. Reacts to China.
It's never happened before that I'm aware of.
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08-24-2015, 10:10 PM
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#54
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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For those looking into actual gold, Scotia Mocatta is one easy place to buy actual gold bullion. They have an Estore where you can buy little bars or coins, and they have different sizes etc
https://www.scotiamocatta-estore.sco...%2fH2oZSJg46qV
I think having actual physical gold, as opposed to a piece of paper that says you have gold, is never a bad thing as a supplemental insurance policy in case crap really hits the fan.
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08-24-2015, 10:47 PM
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#55
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by afc wimbledon
Actually I think this is more important than it seems, in my lifetime the world reacted to the U.S., now the U.S. Reacts to China.
It's never happened before that I'm aware of.
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Well there was the Asian currency crisis in the late 90's. It was different, but I would consider that as a prior reaction in some ways.
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08-24-2015, 11:37 PM
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#56
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Could Care Less
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Quote:
Originally Posted by Slava
Well there was the Asian currency crisis in the late 90's. It was different, but I would consider that as a prior reaction in some ways.
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And it seems like there might be another Asian currency war brewing...
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08-25-2015, 02:18 AM
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#57
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Scoring Winger
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Quote:
Originally Posted by OMG!WTF!
5% of your bug out kit maybe. I'm not sure what it's insuring these days.
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Cash would be better for your bug out kit.
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08-25-2015, 02:28 AM
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#58
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Franchise Player
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The Chinese dump their cash in Vancouver because it's safer than China as the last week has shown. For the Vancouver market to crash, they all have to pull out of the Vancouver market for greener pastures, which isn't guaranteed. Vancouver's impending real estate crash isn't likely to happen because of recent events...
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08-25-2015, 03:13 AM
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#59
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by activeStick
The Chinese dump their cash in Vancouver because it's safer than China as the last week has shown. For the Vancouver market to crash, they all have to pull out of the Vancouver market for greener pastures, which isn't guaranteed. Vancouver's impending real estate crash isn't likely to happen because of recent events...
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Two words...
Margin call.
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08-25-2015, 07:41 AM
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#60
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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The Chinese cut rates overnight and the markets appear set to rebound today (except Shanghai).
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