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  1. #2576
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by Iceman123 View Post
    That is the reason we invest in any asset class - for future gain!
    Actually this is the debate my old boss and I frequently.

    He, like yourself, invested for a Capital Gain ... I invested for Income.

    Hence why I don't own physical gold.

    Everyone's personal situation is different.

  2. #2577
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    Quote Originally Posted by David48atTD View Post
    Actually this is the debate my old boss and I frequently.

    He, like yourself, invested for a Capital Gain ... I invested for Income.

    Hence why I don't own physical gold.

    Everyone's personal situation is different.
    With interest rates at all time 5000 year lows (no really) and therfore all capital assets at all time highs which means yields at all time lows , it's utterly idiotic to invest for nominal gains unless you need to live off the income stream today .

    Anyone with no gold , is an idiot I'm afraid.

  3. #2578
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    ^^
    There is no debate. We all invest for a gain in the future whether it is by CG or dividends. I hold gold only as a hedge against property market and share prices retreating.

    Bank interest is basically zero,
    Tesla, Facebook, Alphabet (google) pay 0% dividends. Apple is at a heady 0.83% - What are you buying that is giving you a reasonable return?

  4. #2579
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    Quote Originally Posted by Backspin View Post
    still have high expectations for gold. I think it will go up 2000% from this level.
    I think that prediction is a tad over optimistic. The real question that you have to ask yourself is: Are you still prepared to add to your holdings at these levels?

    My opinion is that if a cure/vaccine for COVID-19 does not come soon then gold will continue to rise. If a cure/vaccine is found then any pullback in the gold price would be minimal.

  5. #2580
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Backspin View Post
    ...
    Gold went up 2500% in British Pounds from 1970 to 1980. That is Bitcoin level gains. And unlike some gold bulls even in this thread, I still have high expectations for gold. I think it will go up 2000% from this level.
    I like gold, always have, but for it to rise as you suggest implies the collapse of the social order and the global economy, from which the world would take decades or generations to recover. Imo we may be on that route, but nowhere close to the tipping point.

    Btw, bitcoin levels is $0.001 to $20k in less than a decade.

  6. #2581
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by jabir View Post
    I like gold, always have, but for it to rise as you suggest implies the collapse of the social order and the global economy, from which the world would take decades or generations to recover. Imo we may be on that route, but nowhere close to the tipping point.
    So you think he's wrong...or quite possibly right.


  7. #2582
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by sqwiril View Post
    So you think he's wrong...or quite possibly right.

    Spot on, sqwiril, unlike you I don't know for sure and have to rely on opinion; well done boy, stick around, I might also post later and wouldn't want you to miss it.

  8. #2583
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    Quote Originally Posted by jabir View Post
    I like gold, always have, but for it to rise as you suggest implies the collapse of the social order and the global economy, from which the world would take decades or generations to recover. Imo we may be on that route, but nowhere close to the tipping point.

    Btw, bitcoin levels is $0.001 to $20k in less than a decade.
    Utter bullshit. This idea that gold is the disaster asset is utter poppycock.

    Besides , when gold starts to get momentum , what is going to stop it ? People have this idea that gold is a stone sober asset and its not going to rally to the moon like every other asset the last 10 years. That's what bear markets do. They reduce people's expectations. Gold can get white hot like anything else. And when it does , watch the fuck out.
    Last edited by Backspin; 02-08-2020 at 08:09 PM.

  9. #2584
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    There's never been monetary excess like this in history. Considering gold went up 2500% in GPB from 1960 to 80 , in rather ordinary monetary conditions , i am revising my estimation for gold now. 3-4000% is in the cards.

  10. #2585
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Backspin View Post
    Utter bullshit. This idea that gold is the disaster asset is utter poppycock.

    Besides , when gold starts to get momentum , what is going to stop it ? People have this idea that gold is a stone sober asset and its not going to rally to the moon like every other asset the last 10 years. That's what bear markets do. They reduce people's expectations. Gold can get white hot like anything else. And when it does , watch the fuck out.
    In that case when gold rises another 2000% (ie $40k/oz), you can have mine at half price, and it's entirely your choice but please don't hold your breath.

    And as I mentioned when you went a tad ott comparing gold to bitcoin, $0.001 to $20k in less than a decade was a pretty decent return, far better than $2k to an imaginary $40k, but that's just mho.

  11. #2586
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Backspin View Post
    There's never been monetary excess like this in history. Considering gold went up 2500% in GPB from 1960 to 80 , in rather ordinary monetary conditions , i am revising my estimation for gold now. 3-4000% is in the cards.
    Delighted to hear it's now going to $60-80k.

    I shall bury mine under our new tree.

  12. #2587
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    If it does "essentials" will mirror the move.

  13. #2588
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    Quote Originally Posted by Backspin View Post
    There's never been monetary excess like this in history. Considering gold went up 2500% in GPB from 1960 to 80 , in rather ordinary monetary conditions , i am revising my estimation for gold now. 3-4000% is in the cards.

    Forget that stuff, pure baby play.

    Get into Tulips!

    They have growth & history!

  14. #2589
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    Quote Originally Posted by Backspin View Post
    i am revising my estimation for gold now. 3-4000% is in the cards.
    Tarot?

  15. #2590
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by TheRealKW View Post
    Forget that stuff, pure baby play.

    Get into Tulips!

    They have growth & history!
    Ostrich farms look promising, worst way you eat them.

  16. #2591
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Iceman123 View Post
    Tarot?
    I-Ching

  17. #2592
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    Funnily enough, the missus is not too happy with my performance in the stocks as of late and wants me to sell it all and hand it all over to a wealth management advisor.

    I told her to sod off and let me do my thing, but when reading how Backspin could transform my portfolio by just buying gold and magic coins that are created from thin air with little to no intrinsic value, then I had to re-evaluate.

    Fancy a job Backspin?
    Black diamonds? I shit 'em.

  18. #2593
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    Quote Originally Posted by Bogon View Post
    Funnily enough, the missus is not too happy with my performance in the stocks as of late and wants me to sell it all and hand it all over to a wealth management advisor.

    I told her to sod off and let me do my thing, but when reading how Backspin could transform my portfolio by just buying gold and magic coins that are created from thin air with little to no intrinsic value, then I had to re-evaluate.

    Fancy a job Backspin?
    I reckon you should re-evaluate. Gold has risen 10.5% in the last 30 days and 620% in USD over the last 20 years.
    Backspin has probably well outperformed your investments.

    As for gold, he may be exaggerating the future upside but the past performance speaks for itself.

    Gold is real and will always have a value, that’s why the US govt has the largest holdings in the world.
    American citizens have only been allowed to own bullion since 1975. So much for the land of the free!

  19. #2594
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    ^ I did actually own gold until last week (I know I should have held). Never owned coins though.

    My point was these crazy XXXX% gains that are predicted. It does happen, look at Kodak last week for example, but the only way to get rich quick is by using leverage, which can wipe you out with a swift kick to the balls.

  20. #2595
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    I am not really a gold bug but do hold some as a safety check against other financial assets.
    I was mostly concerned about fluctuating currencies i.e. US and Aussie dollars versus Thai baht.
    Considering I purchased the gold I have (physical gold) back in 2009 I am happy with the latest price hike.
    But I haven't made a cracker yet because I haven't sold any much to my wife's angst. She says to me how are you going to make any money if you don't buy and sell.
    I have tried to explain that that is not the purpose of holding physical gold.

    My thought is that once the shit hits the fan and people realise that paper gold is the same as paper money then physical gold may well rise significantly.

    As for the comment about the US holding the most physical gold I am not sure that is true, China and India may well have more.

  21. #2596
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    Quote Originally Posted by Bogon View Post
    Funnily enough, the missus is not too happy with my performance in the stocks as of late and wants me to sell it all and hand it all over to a wealth management advisor.

    I told her to sod off and let me do my thing, but when reading how Backspin could transform my portfolio by just buying gold and magic coins that are created from thin air with little to no intrinsic value, then I had to re-evaluate.

    Fancy a job Backspin?
    Sure. I work for free

    Buy

    Fucking

    Gold.

    My job is done

  22. #2597
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    Quote Originally Posted by jabir View Post
    Delighted to hear it's now going to $60-80k.

    I shall bury mine under our new tree.
    Gold went from 35 to 800 in 1980. This was when the whole USSR was under communism and China was a subsistance economy. Now the whole USSR is rolled into the world banking system. And China has grown to the same size economy as the US. Not only that , the major Western economies have been under war time level monetary conditions for over a decade.

    Unlike 1980, they can't raise interest rates. If they do , the US is bankrupt 10 times over. So what's going to stop it ?

    One more thing. The banking cartel has been sitting on the gold price , trying to manage it downward since 2008. And they've had some success. The problem is , there was no "escape velocity" recovery. So they can't undo any of this.

  23. #2598
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    Quote Originally Posted by ootai View Post
    I am not really a gold bug but do hold some as a safety check against other financial assets.
    I was mostly concerned about fluctuating currencies i.e. US and Aussie dollars versus Thai baht.
    Considering I purchased the gold I have (physical gold) back in 2009 I am happy with the latest price hike.
    But I haven't made a cracker yet because I haven't sold any much to my wife's angst. She says to me how are you going to make any money if you don't buy and sell.
    I have tried to explain that that is not the purpose of holding physical gold.

    My thought is that once the shit hits the fan and people realise that paper gold is the same as paper money then physical gold may well rise significantly.

    As for the comment about the US holding the most physical gold I am not sure that is true, China and India may well have more.
    If you earn and save Aud then Aud prices is your price. Gold is $2775 in Aud right now. Not $1900.

    Gold feels expensive now. But the gold train was in station for the last 5 years. Everyone had all the time in the world to buy. Is there risks with buying now ? Maybe. Maybe they will have some more success driving it down. I don't know

    But maybe not. Even right now , the downside is limited and the upside is infinite for all intents and purposes.

  24. #2599
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    Quote Originally Posted by Iceman123 View Post
    the US govt has the largest holdings in the world
    Imaginary, audited, smoke and mirrors or 5 miles below land owned by it's citizens?

    Quote Originally Posted by Backspin View Post
    Even right now , the downside is limited and the upside is infinite for all intents and purposes.
    3 decent support platforms vs USD appreciation. Pick a horse.

    Buying Gold with my Thai savings?-1h-gold-support-jpg


    Buying Gold with my Thai savings?-1h-gold-support-ma-jpg
    Last edited by OhOh; 04-08-2020 at 01:38 AM.

  25. #2600
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    Top 10 Countries with Largest Gold Reserves - U.S. Global Investors



    Quote Originally Posted by ootai View Post
    As for the comment about the US holding the most physical gold I am not sure that is true, China and India may well have more.
    A click on the link will help you. China and India not even close.

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