Buy or sell gold ?
Buy or sell gold ?
I would say buy skidmark, but don't put your entire Bt500 savings into it. Leave some for some somtam.
I say buy. Its pretty simple. Lets just use the UK as a proxy. (But all countries basically count the same way)
So a 300% increase in the BOE's balance sheet = 2500% run in gold. Now lets see the BOE's balance and the other majors sheet today....
What's happening in the frozen wasteland that I live in....
Slightly different stat. Its BS/ nominal GDP. But still
...avoid gold (and all other commodities) unless you know what you're doing...speculators are not necessarily wise investors...
I was bought gold when born, as can be seen on BS's graph, it crashed immediately after.
Currently, a lie down on the sofa.
snub^ why are you on this forum
...central bankers (usually) know what they're doing...I suspect you don't...
...it is, however, a commodity that many tend to hoard and is, like all commodities, subject to the whims and fancies of economic cycles without the benefit of interest rates or increased share value...profit depends on market timing minus holding or other fees and that is speculation...again, fine: if you know what you're doing...deeper suspicion: you don't...
Majestically enthroned amid the vulgar herd
Hang in there snubby . Now that chico the burger flippers turned up were all surely going to glean some of his vast financial knowledge. Your daddy ,another intelectual giant might even grace us with some awesome financial tips to. I cant wait. . Happy new year daddy and Chico.
Not financial advice, just opinion.
Buy, always buy gold; but not bitcoin just now, it might hit 30k but overdue for a significant correction so stand by for a better entry.
That's twaddle. Gold is saving. The thread is about physical gold. Not futures speculation. Tell us, what is the downside you see in gold ? If it is so speculative, tell us what the prospective downside price could be in 2-5 years..... ?
To the extent that gold is speculation then everything is speculation. You are speculating on the health of a bank or the fundamentals of a currency with savings deposits. You are speculating with any common stock or bond too.
Last edited by Backspin; 31-12-2020 at 12:27 AM.
...^from Investopedia:
- In investing, risk and return are two sides of the same coin; low risk generally means low expected returns, while higher returns are usually accompanied by higher risk.
- Risk and return expectations can vary widely within the same asset class; a blue-chip that trades on the NYSE and a micro-cap that trades over-the-counter will have very different risk-return profiles.
- The type of returns generated depends on the asset; many stocks pay quarterly dividends, while bonds pay interest every quarter and real estate provides rental income.
- Whether buying a security qualifies as investing or speculation depends on three factors - the amount of risk taken, the holding period, and the source of returns.
- Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain
- Without the prospect of substantial gains, there would be little motivation to engage in speculation.
- Consider whether speculation depends on the nature of the asset, expected duration of the holding period and/or amount of applied leverage.
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