Thread: Buy Gold ? Or Sell Gold ?

Originally Posted by Backspin

What are the chances of losing all of your money investing in physical gold ? The chance is ZERO.

...what are the chances of receiving a regular return (like dividends, for example) on physical gold speculation while you're waiting for the next gold high?...
...what are the fees paid for storing physical gold while waiting for the next gold selling opportunity?...

Originally Posted by tomcat

...what are the chances of receiving a regular return (like dividends, for example) on physical gold speculation while you're waiting for the next gold high?...
...what are the fees paid for storing physical gold while waiting for the next gold selling opportunity?...

That isn't risk. It is opportunity cost. You receive a dividend return because you are risking your capital.

There are fees with everything. Including cash in the bank. Everyone makes a big deal about the cost of storage. A checking account costs money. So does a savings or brokerage account

Thailand Tales:

1) A friend of mine had a mother-in-law who didn't trust banks. One day, she went to fetch some gold from her safe, intending to sell it and use the proceeds to bail out a wayward son who had been arrested for possession of amphetamines. The safe was empty. This solved the mystery of where the useless little turd had been getting the money to buy drugs.

2) Walking back to work after lunch one day, I heard a man screaming from some way down the side street where my assistant lived. I have honestly never heard anybody so angry. Confident that my interference would not be in any way helpful to anyone, and being a dreadful coward, I continued to my workplace, where I related all this to my assistant. The following day, having caught up with the local gossip, she told me the story....

Her neighbour had owned quite a lot of gold. As was his habit, he had gone to work that morning leaving his home in the charge of his housekeeper. When he returned for lunch, he was surprised to find the woman standing on the roof. She had been there for some time. Apparently, a chap had come to fix the television, and had asked her to hold the satellite dish steady while he worked inside. There had, of course, never been anything wrong with the television. There was, of course, no sign of the TV repair man, or the gold.

Originally Posted by Backspin

What are the chances of losing all of your money investing in physical gold ? The chance is ZERO.

As evidenced elsewhere, you haven't entirely grasped the concept of zero, have you?

Originally Posted by TheMadBaron

Thailand Tales:

1) A friend of mine had a mother-in-law who didn't trust banks. One day, she went to fetch some gold from her safe, intending to sell it and use the proceeds to bail out a wayward son who had been arrested for possession of amphetamines. The safe was empty. This solved the mystery of where the useless little turd had been getting the money to buy drugs.

2) Walking back to work after lunch one day, I heard a man screaming from some way down the side street where my assistant lived. I have honestly never heard anybody so angry. Confident that my interference would not be in any way helpful to anyone, and being a dreadful coward, I continued to my workplace, where I related all this to my assistant. The following day, having caught up with the local gossip, she told me the story....

Her neighbour had owned quite a lot of gold. As was his habit, he had gone to work that morning leaving his home in the charge of his housekeeper. When he returned for lunch, he was surprised to find the woman standing on the roof. She had been there for some time. Apparently, a chap had come to fix the television, and had asked her to hold the satellite dish steady while he worked inside. There had, of course, never been anything wrong with the television. There was, of course, no sign of the TV repair man, or the gold.

As evidenced elsewhere, you haven't entirely grasped the concept of zero, have you?

Obviously I am talking about the nominal performance of the asset. And not freaking theft of the asset. Jesus Christ.

But at least gold has to be physically stolen. There's a hell of a lot easier ways to get fleeced. And it happens every day.

As evidenced elsewhere, you haven't entirely grasped the concept of zero, have you?

Tell me what the chances of physical gold in your hand going to zero is..... I'll wait.

Originally Posted by Backspin

Tell me what the chances of physical gold in your hand going to zero is..... I'll wait.

It would depend on the initial quantity, the environmental conditions, and how long I kept it in my hand before I got bored or tired. Assuming a manageable quantity, an optimum environment and infinite patience, my best guess is that if I kept it quiet, and didn't put it down, most of it would still be there at cessation of life, after which somebody would probably remove it.

There would be some decay, since gold (₇₉Au) has 36 radioisotopes, the most stable of which is ¹⁹⁵Au, with a half-life of 186 days.

I'll let you do the math.

Originally Posted by Backspin

There are fees with everything. Including cash in the bank. Everyone makes a big deal about the cost of storage. A checking account costs money. So does a savings or brokerage account

...I have free checking and savings accounts at BofA...free storage of cash...gold: fees for secure storage reduce profits (if any) after an indeterminate wait...but go ahead and speculate...try pork bellies next: at least you can eat those if there's a market downturn...

Hang 0n....

80% of 1887.00 = 1509.60
1887.00 + 1509.60 = 3396.60
3396.60 - 1895.00 = 1501.60

Yup, someb0dy made a big pr0fit today. If you guys are buying and selling, I'm br0king.

Originally Posted by Backspin

You are bleating on as if physical gold is a penny stock.

What are the chances of losing all of your money investing in physical gold ? The chance is ZERO.

You are not speculating when you are investing at the very bottom of the financial pyramid. You are saving.

As you can see by tomcats follow on reply , he thinks that gold is in the purple part of the pyramid. Under non monetary commodities. Since he compared it to pork bellies.

That's called being wrong

Guy calling himself Pragmatic voted to sell gold



And buy what ?

Originally Posted by TheMadBaron

Yup, someb0dy made a big pr0fit today

Originally Posted by TheMadBaron

1509.60

Whatever, 1509 profit for a 2 hour risk.

12 risks a day x 5 days a week x 50 weeks a year = ฿฿฿฿฿฿฿฿฿฿฿฿฿฿฿฿฿

With compounding the profit it's enough to keep a harem of mia nois, possibly one for each two hour window.

Win!

Any 0f y0u fellas wanna buy a bridge?

Originally Posted by TheMadBaron

Thailand Tales:

1) A friend of mine had a mother-in-law who didn't trust banks. One day, she went to fetch some gold from her safe, intending to sell it and use the proceeds to bail out a wayward son who had been arrested for possession of amphetamines. The safe was empty. This solved the mystery of where the useless little turd had been getting the money to buy drugs.

2) Walking back to work after lunch one day, I heard a man screaming from some way down the side street where my assistant lived. I have honestly never heard anybody so angry. Confident that my interference would not be in any way helpful to anyone, and being a dreadful coward, I continued to my workplace, where I related all this to my assistant. The following day, having caught up with the local gossip, she told me the story....

Her neighbour had owned quite a lot of gold. As was his habit, he had gone to work that morning leaving his home in the charge of his housekeeper. When he returned for lunch, he was surprised to find the woman standing on the roof. She had been there for some time. Apparently, a chap had come to fix the television, and had asked her to hold the satellite dish steady while he worked inside. There had, of course, never been anything wrong with the television. There was, of course, no sign of the TV repair man, or the gold.

As evidenced elsewhere, you haven't entirely grasped the concept of zero, have you?

There's an irony in your story. All your story does is prove how marketable gold is. It's the most marketable thing in the world. Even a yabba head could sell it for cash.

The yabba heads mom knew it. The yabba head knew it. And so did whoever was buying the gold.

Originally Posted by TheMadBaron

Win!

Any 0f y0u fellas wanna buy a bridge?

Think about this for a minute. You are making fun of me for liking the most marketable good. I should be making fun of you. You are just proving that you haven't thought very much about money and economics.

It's like sitting in the middle of the desert and telling someone they are a fool for liking water. Look at these morons with their water. Water bugs.

Since 1950 gold like everything else has risen in price and gold goes from strength to strength, but the TD market analysists question golds value. WTF!

Just looked, as last bought gold in 2013 as a long term (20 year) gift.

Gold Price History

$1,300 to $1,900.

Happy enough with that.

The gift has since been topped up with a wide range of cryptos, which may be worth nothing or may be worth millions, and anywhere in between

Originally Posted by Chico

Since 1950 gold like everything else has risen in price and gold goes from strength to strength, but the TD market analysists question golds value.

Where? Some other thread, perhaps?

What is an analysist, anyway? Is it like an analyst?

Originally Posted by Edmond

Just looked, as (I was) last bought gold in 2013 as a long term (20 year) gift. The gift has since been topped up with a wide range of cryptos

Quite skilfully worded, that.

Syb's fascination with my finances continue unabated into 2021.

I fairly regularly buy the missus Thai gold jewelry. Keeps her happy, but most importantly, when bored wearing it, it gets stashed in various locations around the house - bit like a squirrel. Combined it is a fair catastrophic emergency fund for her that can be easily liquidated if needs be.

More insurance than investment.

Originally Posted by nidhogg

stashed in various locations around the house

Yer driveway need a tarmacin' Nid? Fair price boss, fair price.

Do you still need that wifi extender fitting Nid?

^ and ^^ No worries guys. You know those programs about people who never throw anything away - think like that.