EPTgorden brown is pretty silly, with hindsight.
Invest in gold? - Page 4
| Forum Index > Closed |
|
funk100
United Kingdom172 Posts
gorden brown is pretty silly, with hindsight. | ||
|
Fluffet
Sweden47 Posts
| ||
|
craz3d
Bulgaria856 Posts
| ||
|
Blix
Netherlands873 Posts
The price of gold fluctuates around an inflation corrected mean. If you buy gold when it's far above its mean (like now or 1980) and hold it, there is a good chance you will *never* make an inflation corrected profit. The people who bought in 1980 are still like 600$/oz away from inflation corrected break-even. | ||
|
iPlaY.NettleS
Australia4315 Posts
In short silver requires less cash upfront and has more upside. I've got 40 ounces silver which is worth around 1200$ or so (heard on the news the other day silver was up to 30/ounce but may have retreated since then) , i did have 1/2 ounce gold but sold it for a small profit about 5 months ago to help buy a new PC. | ||
|
iPlaY.NettleS
Australia4315 Posts
On December 12 2010 20:38 funk100 wrote: best time to buy gold was when the chancellor of england decided it was time to sell it off in 1999, as you can see from the graph gold prices were at there lowest point as such a vast amount of gold went on the market. gorden brown is pretty silly, with hindsight. The man was keynesian through and through , a complete idiot. Still in the scheme of things the gold wasn't worth much in comparison to how much they paid to bail out the banks. The price of gold fluctuates around an inflation corrected mean. If you buy gold when it's far above its mean (like now or 1980) and hold it, there is a good chance you will *never* make an inflation corrected profit. The people who bought in 1980 are still like 600$/oz away from inflation corrected break-even. Sorry but until the US raises rates i see gold only going one way.And having your money in something like gold is a heck of a lot better than keeping it in cash when theres high inflation around. | ||
|
stanik
Canada213 Posts
On December 12 2010 14:28 reg wrote: I know... I even said so in my post. Thats the point. Gold is on a steady increase despite what happened in 'X' year. My point was one of the graphs are not accurate. Take a look at 1993. One graph says a value of 400 and the other graph says 1000. Someone labeled the graphs inaccurately. | ||
|
Hatsu
United Kingdom474 Posts
Gold, however, is and always will be a core holding of my portfolio. In the end of the day, a good mix of commodities, bonds, shares and currencies is what you should be looking for imho. | ||
|
iPlaY.NettleS
Australia4315 Posts
On December 12 2010 19:10 TheGiftedApe wrote: All The people who bought gold in 1980 and then sold i in 1983 haev a lesson to teach you about economics. Also you are about 7 years late for the gold rush....... Do a little research on a guy called 'Paul Volcker' and what he did during the early 80s to get inflation under control. If Bernanke ever lifts interest rates to 20% i'll eat me hat. It'll never happen in a million years but thats the only thing that'll drop the price of gold now. | ||
|
Blix
Netherlands873 Posts
On December 12 2010 23:09 iPlaY.NettleS wrote: Sorry but until the US raises rates i see gold only going one way. And having your money in something like gold is a heck of a lot better than keeping it in cash when theres high inflation around. There are other investment choices besides cash and gold. Also, there isn't any high inflation around (yet?). It is possible that gold will go higher in the near future (so for a speculator it might be interesting), but i don't see how an inflation corrected profit can be made over say the next decade (investing point of view). | ||
|
iPlaY.NettleS
Australia4315 Posts
It hasn;t even been the public driving the rise in gold , have you noticed all those cash for gold websites and stands in shopping malls lately? Public is selling gold , it's being bought by investors and reserve banks.Therefore gold is still early in the cycle. ![[image loading]](http://www.thefinancialhelpcenter.com/Real-Estate-Pics/Bubble-Psychology.jpg) | ||
|
stenole
Norway868 Posts
Good things about gold: - good amount of value compared to weight and size. - It doesn't spoil. - It's shiny. | ||
|
sikyon
Canada1045 Posts
On December 12 2010 12:58 mainerd wrote: my friend inherited some money and has been buying silver and copper, he seems to think them better investments than gold he likes to trade with people for their penny hordes, sort the copper pennies out into their own container, then use the newer pennies to buy more unsorted pennies from ppl... he's got a nice bucket full of shiny coins so far  Haha not only is that probably a waste of his time as far as returns go, but if he tries to melt down those pennies it's a federal offense :O | ||
|
hypercube
Hungary2735 Posts
On December 12 2010 23:15 stanik wrote: My point was one of the graphs are not accurate. Take a look at 1993. One graph says a value of 400 and the other graph says 1000. Someone labeled the graphs inaccurately. reg's graph is actually the Dow Jones Index on a logarithmic scale. | ||
|
sikyon
Canada1045 Posts
| ||
|
Hatsu
United Kingdom474 Posts
On December 13 2010 03:48 sikyon wrote: I actually really hate the fact that gold is traded as a precious metal commodity since I'm trying to use it right now to synthesize some gold-coated nanoparticles and it's mad expensive. If it makes you feel better, other metals such as iridium skyrocketed even more, it's not just precious metals. | ||
|
BeaSteR
Sweden328 Posts
| ||
|
iamho
United States3345 Posts
| ||
|
Zato-1
Chile4253 Posts
On December 12 2010 13:39 WAAA wrote: I like how the graph doesnt deal in real dollars... my advice is if you have to ask a gaming forum do not invest in anything. Wisest comment in this thread. | ||
|
iamho
United States3345 Posts
![[image loading]](http://goldnews.bullionvault.com/files/gold_real_value_2.png) Gold is basically worthless, it has few industrial uses. People invest in it because they think the dollar is worthless too, but if the dollar goes to shit its not like you can actually go to the supermarket and buy food with your gold. Its based on pure speculation (Currently speculation about the euro/dollar failing) and as soon as thats over, gold prices will CRASH. | ||
| ||
