FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 Will Gold continue to rise? View next topic
View previous topic



Post new topicReply to topic
Author Message
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Will Gold continue to rise?
PostPosted: Tue Nov 08, 2011 10:42 pm Reply with quoteBack to top

Taxi License ‘Medallions’ Outperform Stocks, Gold



Hailing a cab takes on a whole new meaning, as Wall Street’s search for alpha has taken it to an unusual place—right out its front door.

Bloomberg reports that the surging price of New York’s taxi medallions (known to everyone outside of New York as licenses) and their promise of steady cash flows have investors interested, and bolstered shares of a company that finances their purchase to a four-year high.

“Investors are pooling funds to buy the 6-inch-wide aluminum disks affixed to the hoods of cabs after two of them sold for a record $1 million each last month,” Andrew Murstein, president of Medallion Financial Corp. (TAXI), told the news service. Shares of the New York-based firm have climbed 17% since the Oct. 19 sale, compared with a 6.4% gain for the Russell 2000 Financial Services Index.

“A lot of people have been loading up recently on medallions because they think it’s a safe asset,” Murstein said.

A regulated supply has helped taxi permits outgain equities, oil and gold for the past two decades, Bloomberg notes.

“With New York City unemployment at about 9% for over a year, more drivers will fill shifts and pay garages to drive cabs, giving medallion owners a profit of about $2,500 a month, said Simon Greenbaum, a broker at NYC Medallion Brokers Inc. That’s about a 3% return for a $1 million medallion.

Compare that with the 2.16 effective yield on U.S. triple-A-rated corporate bonds, down 75 basis points, or three quarters of a percentage point, this year, according to a Bank of America Merrill Lynch index. Yields on 10-year Treasuries have dropped 126 basis points this year to about 2.03%.”

Bloomberg quotes Nat Goldbetter, 67, who brokered the sale of the two $1 million medallions, as saying he fielded about 15 calls in October—50% more than usual—from investors not involved in the taxi industry looking to put money into medallions. He said each New York medallion reaps about $40,000 a year in profit.

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Will Gold continue to rise?
PostPosted: Thu Dec 15, 2011 11:03 pm Reply with quoteBack to top

Will gold rise again?

Dollar trade, flight to quality (insert laugh track, here) seems to be taking the steam out of commodities.

March 2012 next entry?

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
mahalo guy
Demolition Man


Joined: 28 Jun 2008
Posts: 2082
Location: Honolulu

Re: Will Gold continue to rise?
PostPosted: Tue Jan 03, 2012 4:43 pm Reply with quoteBack to top

Sure is starting the year out right!
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Will Gold continue to rise?
PostPosted: Tue Jan 03, 2012 8:55 pm Reply with quoteBack to top

Gonna be a volatile year. My trading vehicle of choice is probably gonna be the 3X gold bull - NUGT.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
lupitarupert
Dud?


Joined: 06 Jan 2012
Posts: 1

Re: Will Gold continue to rise?
PostPosted: Fri Jan 06, 2012 5:13 am Reply with quoteBack to top

Oh-oh, I already know it here so thanks for the information. Well, anyway nothing bad about the issue will the Gold continue to rise probably for me yes because there is no other thing like Gold right, so it will rise.
View user's profileSend private message
Ebenezer
Dud?


Joined: 06 Jan 2012
Posts: 1
Location: USA

Re: Will Gold continue to rise?
PostPosted: Fri Jan 06, 2012 4:18 pm Reply with quoteBack to top

In my opinion gold will continue to rise considering the current economic crisis.Many people have kept reserves in gold due to its current rise in its price.I hope my forecasting is right.

_________________
vista health insurance
View user's profileSend private messageVisit poster's website
achtung
Nitroglycerin


Joined: 03 Jun 2010
Posts: 716
Location: Germany

Re: Will Gold continue to rise?
PostPosted: Sun Jan 22, 2012 4:33 pm Reply with quoteBack to top

http://www.thetrader.se/2012/0.....verything/

_________________
“Debt and deficits are not inventions of ideology. They are facts of arithmetic.”

– Paul Martin
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Will Gold continue to rise?
PostPosted: Thu Jan 26, 2012 12:42 am Reply with quoteBack to top

NUGT up 18.44 % today...

Gold this year $1700 to $2100...Jim Sinclair

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Will Gold continue to rise?
PostPosted: Fri Jan 27, 2012 4:22 pm Reply with quoteBack to top

NUGT up 28+% so far this week...looking to go to 40+...

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
dreamer
Demolition Man


Joined: 09 Aug 2007
Posts: 2101
Location: Northern California

Re: Will Gold continue to rise?
PostPosted: Wed May 30, 2012 7:06 pm Reply with quoteBack to top

Gold ranged $40 today and silver almost a buck. Volatility surpreme. Gold down almost $30 and rallied back to up $11 so far...So many variables in play internationally: military, war drums, finance, bankster thefts, bankster fear, sheeple control, lies, deceipt at the highest levels of power in our face, elections of the newest liars. Gonna be an interesting year.

_________________
There isn't anything so bad that the Government can't make worse...

The 4-functions of government today are the same as a criminal enterprise: Lie, Cheat, Steal, and Kill...
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT