Thread: Where To Put your Money

Given the state of the Financial World and the interest rates offered by Banks makes the decision as to where to put your cash very difficult

This is what I did

Bought a very large amount of physical Gold at $910 oz
Now $978 oz
As I stated in another thread, because Gold is priced in Dollars the exchange rate determines your worth
In this case as I bought at $1.49 /GBP now 1.64 , I am making a near 7% loss if I sold
I invested in Aliquot Gold Bullion Fund 4 months ago, they finance Gold Miners
17000 GBP gain in 4 months
So it seems that investing in Gold = stupid, funding miners OK

So I reasoned that Black Gold given it,s low price( 4 weeks ago ) was a no brainer punt

I invested heavily into several Oil based ETFs 4 weeks ago

Result 37000 GBP Gain

One ETF Power Shares DB Crude Oil double long has made 23 grand in 4 weeks
its risky -ish but will double any gain in OIL or the reverse can happen

Originally Posted by TSR2

Where To Put your Money

under your bed seems to be the best place these days

Originally Posted by TSR2

I invested heavily into several Oil based ETFs 4 weeks ago

Result 37000 GBP Gain

I would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders

I am in the process today of buying Gold. Fingers crossed that it goes better then my shares.

I am in the process of trying to make some money to put somewhere.

^ Very Droll

Originally Posted by Butterfly

would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders

Not sure BF ,US oil reserves are low, the Oil Industry needs the price to be around $70 to encourage exploration

Its a tough call , my head says sell , or at least bank half the profits,

Oil [at] $ 68 is close to my target of $75.by year end , it,s only June

MMMHHH

Are we not expected another summer Oil Shock?

I will sell when Gold gets to $1,300.

Originally Posted by TSR2

Not sure BF ,US oil reserves are low, the Oil Industry needs the price to be around $70 to encourage exploration

Of course the industry would like to see the price higher, doesn't mean it's going to happen, don't forget you need to have demand to follow

I wonder how they manage explorations for all those years when it was 30 USD

Originally Posted by mrsquirrel

Are we not expected another summer Oil Shock?

It's already happening, the second shock wave is going to pull back Demand even more, creating another mini shock and forcing the world economies into a bigger recession, just because stupid oil speculators live in lala land and the arab are tired in being paid in low value currency. They rather keep it in the ground.

Originally Posted by Butterfly

It's already happening, the second shock wave is going to pull back Demand even more, creating another mini shock and forcing the world economies into a bigger recession, just because stupid oil speculators live in lala land and the arab are tired in being paid in low value currency. They rather keep it in the ground.

Been about an 8% increase at the pumps in the UK in the last two months

Originally Posted by Butterfly

They rather keep it in the ground

So given your comment thats a sure sign that higher prices are happening and will continue although not to last years levels maybe

A few years back you could rely on Kenya.Venezuela to piss on the party, but not now!!

^ yes it the short term, there could be a rally, which would shift demand (decrease) even more

again the price rally has no justification except speculation (keeping in the ground and betting on higher future prices)

Never mind where to put it, its getting harder to get it in the first place thats worrying me

^

I welcome your input Panda , you always seem to make sense

^ unfortunately he doesn't, he has no clue

if you are just looking for confirmation of your buying decision (confirmation bias), you should try a real investment forum, see what the bloggers are saying over there

bet they all are predicting oil at 80, the silly fools, be careful not to get caught in the speculative wave, because when it's time to get out, you will be the last to know

It's always been said that gold will always hold it's value {historically} with little change, as it will remain the standard for solidity. But remember, the same elites that invent wealth and economies are the same circles that can do whatever they wish when it comes to the value of gold or even set a standard of what or what isn't of said value. Perhaps 200 years ago, there might have been enough physical gold to match and reflect the illusional ideal of physical wealth {worldwide}. Today....not a chance. Not even close. Comical. Those comments said.....hypocritically, we've invested in real physical gold holdings. Having a superficial piece of paper or an electronic guarantee reflecting your physical gold investment means nothing compared to aquiring gold. Familiar land is your greatest asset.....

Originally Posted by Butterfly

I would start taking profit in oil if I were you, it's going for a reversal soon, demand is not there, and it's all speculation by idiot traders

I agree with this, traders are idiots but one thing I will add, oil price is going up due to the projected demise of the dollar. The price rises over the last few months have nothing to do with demand. If oil was priced to demand it would be 30 bucks a barrel now. Its all about the dollar now, the demand levels are irrelavent right now, in fact they have been irrelevant for about 6 months as oil has traded with general economic data, as this so called "green shoots" (dont ya fecking hate that term?) data comes out oil rises in anticipation of demand return. As I watch this data daily, its clear to me that oil is going back above 100 in the not too distant future but could well see 50 again before a hundred.

AH there is the problem, many opinions , so which would you back?

So Spin if you believe that oil is going back to $100 despite the $50 blip

Why not buy the ETF Power Shares Double long, and make a fortune, depending of course what you stake is

Originally Posted by TSR2

One ETF Power Shares DB Crude Oil double long has made 23 grand in 4 weeks its risky -ish but will double any gain in OIL or the reverse can happen

Originally Posted by TSR2

Why not buy the ETF Power Shares Double long, and make a fortune

you probably answered the question earlier

Originally Posted by Spin

I agree with this, traders are idiots but one thing I will add, oil price is going up due to the projected demise of the dollar. The price rises over the last few months have nothing to do with demand. If oil was priced to demand it would be 30 bucks a barrel now.

That's Thai logic thinking, the lower the demand, the higher the price, which is exactly what the Hotelling principle is all about, except it's coming from the Arabs

Originally Posted by Spin

As I watch this data daily, its clear to me that oil is going back above 100 in the not too distant future but could well see 50 again before a hundred.

Wishful thinking, but again possible, greater fool theory and bubbles are never in short supply

Originally Posted by TSR2

Why not buy the ETF Power Shares Double long, and make a fortune, depending of course what you stake is

I did, a while back, for the ficticious TD stock portfolio, here (Teakdoors stock portfolio)
Its up about 60% since I bought it when oil was at about 40$.

^

Looks like a good Portfolio

Shame that it was on paper though

When it comes getting your hand in your pocket and backing your hunches there are always nerve twitches

I monitor my list every day and read the various opinions ,charts etc