View Poll Results: Buy gold ? Or sell gold ?

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  • Sell Gold

    3 60.00%
  • Buy Gold

    2 40.00%
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  1. #51
    Hangin' Around cyrille's Avatar
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    All quite handy until you get burgled, which we did when we lived in Pattaya.

    My wife lost a few amulets she'd been given by grateful relatives of patients from the days when she was a nurse.

    Lots of sentimental value.

    These days, if I return home with a case of beer then the contents of our house double in value.

  2. #52
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by cyrille View Post
    All quite handy until you get burgled, which we did when we lived in Pattaya.

    My wife lost a few amulets she'd been given by grateful relatives of patients from the days when she was a nurse.

    Lots of sentimental value.

    These days, if I return home with a case of beer then the contents of our house double in value.
    Could have hid it a little better syb.

    Who stole it ?

  3. #53
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    Quote Originally Posted by Backspin View Post
    Could have hid it a little better syb.

    Who stole it ?
    I heard Lu and Chitty were finding it hard to sell a West Brom season ticket


















  4. #54
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    You can never rule out Ray Carey

  5. #55
    Thailand Expat Backspin's Avatar
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  6. #56
    I Amn't In Jail PlanK's Avatar
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    ^^^

    Is Lulu the one on top or the bottom?

  7. #57
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by Edmond View Post
    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.

    Quote Originally Posted by OhOh View Post
    If you had bought a gold futures "investment", at risk for two hours, at 2pm today (USD 1887) and sold at 4pm (USD 1895), the amount you bet would have gained 80%, on your "investment".
    Today's update:

    Buy Gold ? Or Sell Gold ?-gold_4th-jan-2021-png


    Today"s open $1885.

    Current price $1941

    Move + $56

    16 hours Risk 56 x 10 = a "gain" of 560% of your "investment"'

    1 troy once @ $1885 turns your investment plus $1885 x 5.6 ($10,556 )to $12,551

    Not every day is so predictable and makes one "happy".

    Here is the 1 minute chart, with plenty of "decision" points:

    Buy Gold ? Or Sell Gold ?-gold-1m-jpg
    Last edited by OhOh; 04-01-2021 at 10:54 PM.
    A tray full of GOLD is not worth a moment in time.

  8. #58
    Making people dance. :-)
    Edmond's Avatar
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    Is that good or bad?

  9. #59
    Thailand Expat Backspin's Avatar
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    Gold is currently dammed off from the flows of inflation. Obviously the monetary authorities would never have printed the kind of money they did in 2008 and now , if they didn't have a plan for gold. So far the plan is working. But all it did was create the Bitcoin monster.

    Yes Ohoh. You can lever up a gold position to make money on these moves. But these moves are nothing compared to what's going to happen when the dam breaks. It will resemble Bitcoin except with less volatility.

    The market cap of gold is 8-9 trillion. Bitcoin isn't even one trillion yet. Some would say this is actually more bearish for gold , because it's so big already. The reality is , 8-9 trillion is nothing compared to its historic correlation to monetary aggregates. Through history gold has been anywhere from 2-20% of monetary aggregates. Right now at these prices , it's not even a 1/4%.

  10. #60
    Thailand Expat jabir's Avatar
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    Not dissing gold, I own as do most of us, and it's thousands of years old, stores value, can be traded easily, but won't make you rich unless you have tons of it in which case you're rich already; for perspective, bitcoin will be 12 this weekend.

    For you young chaps that will be around to witness massive change, print this out and post it on your wall: as bitcoin's cap rises to at least a third of gold before coming of age, it will challenge gold for dominancy, and will probably end up coexisting as an alternative, recognised and accepted safe haven.

    Gold lovers will not convert, and neither will those that believe that bitcoin will soon buy 4 or 5 kilos of the stuff, but also for perspective, if you invested $1,000 ten years ago:

    Google: $6,000
    Facebook: $9,000
    Amazon: $2,2000
    Netflix: $3,4000
    Tesla: $159,000
    Bitcoin: $237,000,000

    Where would you invest your next $1,000 for ten years?

  11. #61
    I am not a cat
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    Bitcoin is the modern equivalent of the Dutch tulip mania. One day everyone will wake up and realize they have exactly - nothing.

  12. #62
    Thailand Expat jabir's Avatar
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    Sure, could be.

  13. #63
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by nidhogg View Post
    Bitcoin is the modern equivalent of the Dutch tulip mania
    Buy Gold ? Or Sell Gold ?-does-matter-jpg


    Quote Originally Posted by jabir View Post
    Bitcoin: $237,000,000

  14. #64
    Thailand Expat jabir's Avatar
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    Well, I tried, and we can revisit when it breaks $100k, more likely this year than next, at which time our more vocal critics will still be chanting about tulips instead of the wheel, electricity, internet, and other inventions that have changed the world.

    I think they call it cognitive dissonance, when people reject the obvious based on their earliest beliefs.


  15. #65
    Making people dance. :-)
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    ^^ She has a nice tulip.

  16. #66
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    Think about it like this, If you don't have any gold. Can i give up a can of coke or a coffee,something like that a day and put towards a lay-by, on a gold ring, something small, you won't miss it after a few weeks, build on that, get something more expensive or just double up if thats what is conmfy for you. Don't ever expect to be able to sell it for the same money, just store it or wear it. Grow from your experience.

  17. #67
    I am not a cat
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    Quote Originally Posted by jabir View Post
    Well, I tried, and we can revisit when it breaks $100k, more likely this year than next, at which time our more vocal critics will still be chanting about tulips instead of the wheel, electricity, internet, and other inventions that have changed the world.

    I think they call it cognitive dissonance, when people reject the obvious based on their earliest beliefs.
    No problem. I have no background in economics/monetary theory, so my opinion is probably worth less than the time it took you to read it. About the only think I think I know is that currently, money is based on a collective agreement of "value". That bit of paper I have is not really worth 100 baht, but we both agree for the sake of argument that it is. The same with bitcoin - people agree that it has "value". If enough people start thinking that it does not have any intrinsic worth (which it doesn't) then it will be worth LESS than that bit of paper (which does have some small intrinsic value).

    However, like I said, that just my completely uninformed opinion.

  18. #68
    Thailand Expat David48atTD's Avatar
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    Maybe time to spin your wheels and hop on the gold wagon.

    ---

    Gold Forecast – Gold Price Breakout Over Higher Inflation

    Gold Forecast - Gold Price Breakout Over Higher Inflation

  19. #69
    Making people dance. :-)
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    Quote Originally Posted by David48atTD View Post
    Maybe time to spin your wheels and hop on the gold wagon.
    One would be foolish not to split some into crypto.

    BTC has doubled in the last 6 months.
    Quadrupled in the last 12 months.


    It's taken gold 20 years to do that.

    (ETH 10 fold, LTC 4 fold, XRP 6 fold, etc)

  20. #70
    Thailand Expat David48atTD's Avatar
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    ^ I don't own any gold, let alone BitCoin ... Crypto is a bit of a stretch for me.

    That Squid Crypto was a real eye-opener

    I do own silver though, through 99.99% pure silver coins ... they have shown a nice appreciation in value.

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