Thread: Buy Gold ? Or Sell Gold ?

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.

Originally Posted by cyrille

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 ?

Originally Posted by Backspin

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

You can never rule out Ray Carey

^^^

Is Lulu the one on top or the bottom?

Is that good or bad?

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%.

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?

Bitcoin is the modern equivalent of the Dutch tulip mania. One day everyone will wake up and realize they have exactly - nothing.

Sure, could be.

Originally Posted by nidhogg

Bitcoin is the modern equivalent of the Dutch tulip mania

Originally Posted by jabir

Bitcoin: $237,000,000

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.

^^ She has a nice tulip.

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.

Originally Posted by jabir

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.

Maybe time to spin your wheels and hop on the gold wagon.

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Gold Forecast – Gold Price Breakout Over Higher Inflation

Gold Forecast - Gold Price Breakout Over Higher Inflation

Originally Posted by David48atTD

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)

^ 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.