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  1. #2601
    Thailand Expat
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    Quote Originally Posted by Iceman123 View Post
    A click on the link will help you. China and India not even close.
    When did the ameristani company audit the "gold"?



    Quote Originally Posted by OhOh View Post
    Imaginary, audited, smoke and mirrors or 5 miles below land owned by it's citizens?

  2. #2602
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Iceman123 View Post
    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!
    I have no problem with gold, it has intrinsic value, it's safe, I've owned hard and soft almost continuously since my teens and increased vastly over the years, but I do take issue with fantasy predictions of >50k.

    That said, for me there's no benefit since every penny currently invested in gold is dead money, just like bitcoin, it's there for others to enjoy or invest or squander.

  3. #2603
    The Fool on the Hill bowie's Avatar
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    Gold - to each their own. Beauty's in the eye of the beholder and, more importantly - It is Your Money, you suffer the benefit and/or the consequence


    The Oracle on Gold - redacted for size

    http://www.cnbc.com/2020/07/29/gold-hits-all-time-high-but-warren-buffett-wont-buy-it-should-you.html


    Despite its many attractive qualities, it’s not obvious that everyone should own gold. It has been a fairly poor performer against stocks and even bonds over the last several decades. One study found that from 1972 to 2013, stocks outperformed gold whether rates were rising or falling or flat.

    It also has not proved to be a very good hedge against inflation.

    Another problem with gold: It doesn’t do anything. This is Warren Buffett’s big beef with gold — it is an unproductive asset. Unlike stocks, it doesn’t throw off earnings in the future that you can lay claim to, and it doesn’t pay a dividend. Unlike bonds, it doesn’t pay interest. It just sits there, and it costs money to store it, even if you own an ETF.

  4. #2604
    Alpha Monger
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    Quote Originally Posted by bowie View Post
    Gold - to each their own. Beauty's in the eye of the beholder and, more importantly - It is Your Money, you suffer the benefit and/or the consequence


    The Oracle on Gold - redacted for size

    http://www.cnbc.com/2020/07/29/gold-hits-all-time-high-but-warren-buffett-wont-buy-it-should-you.html


    Despite its many attractive qualities, it’s not obvious that everyone should own gold. It has been a fairly poor performer against stocks and even bonds over the last several decades. One study found that from 1972 to 2013, stocks outperformed gold whether rates were rising or falling or flat.

    It also has not proved to be a very good hedge against inflation.

    Another problem with gold: It doesn’t do anything. This is Warren Buffett’s big beef with gold — it is an unproductive asset. Unlike stocks, it doesn’t throw off earnings in the future that you can lay claim to, and it doesn’t pay a dividend. Unlike bonds, it doesn’t pay interest. It just sits there, and it costs money to store it, even if you own an ETF.
    How much is your International Harvester stock (a dow stock in 1982) worth today Bowie ?

    You see, stock indexes are a red herring. The DOW is a mathematical construct. The Dow is not an index fund that you can invest in. Its just 30 stocks added up. And with indexes, badly beaten stocks are neatly replaced by winners. Citibank goes under in 2008 ? Great, lets replace it with Apple.

    The stock index you are using to grade gold, does not exist. In order to capture the index, you need a daily actively managed account so that you can sell the losers and replace them with the winners.

    Find me the investable index fund from 1972 that is beating gold. The gold from 1972 is the same gold as today. Its not playing any games.

  5. #2605
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    ^^
    This is the same sage of Omaha who bought 3,500 tons of silver in 1997 returning a $97 million dollar profit the same year from the purchase for his company Berkshire Hathaway. - must really hate those precious metals!

    The same sage who hated dot.com companies and would never invest in them.

    Yep, look at what he does not what says.

  6. #2606
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    Quote Originally Posted by Backspin View Post
    Find me the investable index fund from 1972 that is beating gold. The gold from 1972 is the same gold as today. Its not playing any games.
    Up until 1st January 1975 the American public was not allowed to buy gold bullion, therefore 1972 as a start date would be redundant.

    The figures can all be seen on Gold Price

  7. #2607
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Backspin View Post
    you are using to grade gold
    I'm not using any index nor am I grading gold - got a problem with the article, take it up with CNBC. They published it.


    Quote Originally Posted by Iceman123 View Post
    Yep, look at what he does not what says.
    OK, let's see what he does...

    Warren Edward Buffett is an American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$71.8 billion as of July 2020, making him the fourth-wealthiest person in the world. Wikipedia

  8. #2608
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    ^
    Nice deflection, but no denying it, he was a serious buyer of precious metals. No one is questioning his success as an investor I was merely highlighting that his actions do not accurately reflect what he states he believes.

    Perhaps you could give a link to the CNBC article. I am pretty sure that if you torture the statistics enough they will give you the answer you want.

  9. #2609
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Iceman123 View Post
    Perhaps you could give a link to the CNBC article.
    The original Post #2603 has the link

    The Oracle on Gold - redacted for size

    http://www.cnbc.com/2020/07/29/gold-hits-all-time-high-but-warren-buffett-wont-buy-it-should-you.html




    Quote Originally Posted by Iceman123 View Post
    am pretty sure that if you torture the statistics enough they will give you the answer you want.
    Yup, you, or I, or any other person can take any set of statistical data and present it in such a way as to provide a base for the conclusion of the day.


    Investing, stocks provide dividends to reinvest, bonds provide interest which can and is compounded. And then, add in the taxation factor...

    Beauty is in the eye of the beholder and it is your money, you suffer the benefits and or the consequences of your decisions...

  10. #2610
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    One study found that from 1972 to 2013, stocks outperformed gold whether rates were rising or falling or flat.

    And that’s your evidence!
    Come on Bowie - you’re better than that

  11. #2611
    The Fool on the Hill bowie's Avatar
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    Quote Originally Posted by Iceman123 View Post
    And that’s your evidence!
    It is not MY evidence. It is what the author Bob Pisani used. Got a problem with the article, take it up with CNBC the publisher.

    On that note - if you look at investor comparatives - you will find any number of charts with statistical data to support any platform you wish to present.

    It is virtually impossible to compare apples to apples as no one size ever fits all. Especially when you start talking about investment vehicles and the associated taxation platforms.


    Now, lets go back to the bump post of this thread - #2553
    Quote Originally Posted by Backspin View Post
    Gold at all time highs. Still pretty lame. It was the one and only dog asset of the last decade.
    Gotta luv it - the one and only dog asset of the last decade - lets hear it for Midas's yellow stuff

  12. #2612
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    Quote Originally Posted by Backspin View Post
    And with indexes, badly beaten stocks are neatly replaced by winners.
    Historical components of the Dow Jones Industrial Average

    Historical components of the Dow Jones Industrial Average - Wikipedia

    The site lists the companies included each year.

    Comparing the 1976 list with the 2020 list illustrates why many scoff at the illusion of comparing the stock market value and one of it's investment competitor, Gold, value.

    Of the 30 companies in the year lists my cursory "analysis" suggests only one, has survived.

    Meaning 29 have been replaced over the 44 years. Why were they replaced, mergers, bankruptcy .... ?

    The kg gold bar is still there sitting and waiting to be occasionally caressed or dumped at your local Thai gold shop, "tax free".
    A tray full of GOLD is not worth a moment in time.

  13. #2613
    Alpha Monger
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    $2000 USD gold. Whoopy doo. It's just getting back to where it should have been 8 years ago. I have high expectations for gold.

    But I started investing in it when I was 24 for my future. I'm a 36 now. My future was yesterday.

    Life is timing. And nothing else.

  14. #2614
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    The reason this took so long with gold is that ponzi rich Boomers are too stupid to buy it
    Last edited by Backspin; 05-08-2020 at 09:12 AM.

  15. #2615
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    Gold up 2.3% today. More in one day than bank depositors would get if they kept their money in for a year.

    Glad I started buying in March.

  16. #2616
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    Quote Originally Posted by Backspin View Post
    EDIT
    Quick heads up. I would edit or delete that before a ban comes your way.

    The mods have tightened up on this kind of thing the past month.
    Last edited by Bogon; 05-08-2020 at 10:22 AM.

  17. #2617
    Alpha Monger
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    Quote Originally Posted by Bogon View Post
    Quick heads up. I would edit or delete that before a ban comes your way.

    The mods have tightened up on this kind of thing the past month.
    Done. Now can you delete the comment to get rid of the evidence

  18. #2618
    Thailand Expat David48atTD's Avatar
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    Quote Originally Posted by Iceman123 View Post
    What are you buying that is giving you a reasonable return?
    Iccy ... if that was for me then.

    In Thailand, my shares look not so good.

    I'm usually a boring infrastructure man in these low interest environments which, I might add could be around for most of the 2020's ... almost a decade.


    So, on the SET ...

    Asia Sermkij Leasing PCL ... Bloomberg - Are you a robot? reportedly paying a 10.06% dividend yield ... but that ain't going to happen this FY

    Kiatnakin Bank PCL ... Bloomberg - Are you a robot? reportedly paying a 11.04% dividend yield ... see above

    Thailand Future Fund ... TFFIF-F ... TFFIF.F Stock Price and Chart — SET:TFFIF.F — TradingView pays around 4% ... and only dropped a little these past 6 months.


    I've go no issues with investing on the SET ... just that the exchange rate isn't favorable ATM.

    I sold off a fair bit of my SET holding maybe 12-18 months ago and made a tidy profit on the exchange rate.

    Heaps of Thai Lassies here want to do the swap and not go 'through the books' (or tell their husbands)
    “Someone is sitting in the shade today because someone planted a tree a long time ago”

  19. #2619
    Thailand Expat David48atTD's Avatar
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    The other thing I invest in and, I know this will follow ...

    ... is I invest in relationships.


    Divorce is fucking expensive, so I like to keep the home fires burning and contented.

    We are always a team, particularly when it comes to raising the Boys ... and we collectively invest in them also.


    Instead of being a millstone, our Family is our Future.

  20. #2620
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by David48atTD View Post
    our Family is our Future.
    A volatile market there.

    And are you still getting involved in exchange swaps with dodgy lasses in Aus?

  21. #2621
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    Quote Originally Posted by David48atTD View Post
    Divorce is fucking expensive, so I like to keep the home fires burning and contented.
    You’re on the money. Splitsville is always more expensive than any errors we make in business/investing.

  22. #2622
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    Quote Originally Posted by Backspin View Post
    But I started investing in it
    Heart ache and deliverance.

  23. #2623
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    "The dollar resumed its weeks-long decline against a basket of peers and the euro topped $1.18 as investors flocked to currencies that benefit from an improving global market outlook, while gold prices dived as expectations of a U.S. stimulus deal boosted risk appetite.

    Spot gold prices fell over 5%, on track for the largest one-day drop in over seven years and silver XAG= plunged over 12.5%, also the largest drop since 2013.

    Spot gold XAU= last dropped 5.3% to $1,919.96 an ounce."

    Stocks advance toward record high on stimulus; gold crashes - Reuters



    ทองคำแท่ง 96.5% ขายออก 29,250

    Gold Traders Association : สมาคมค้าทองคำ - ราคาทองคำวันนี้ ราคาทองตอนนี้


    Buying Gold with my Thai savings?-gold_11-8-jpg


    Spot Gold

    No problems the "experts" have spoken. :

    The Gold and Bitcoin Bull Run Is Just Beginning

    "A long-term trend of investor demand for stores of value has only just begun, with policy doors now open that won’t be easily closed again. That’s a huge mark in favor of gold and Bitcoin.

    Something changed this year. After sparking years of heated debates on the sidelines, the once-seen-as-preposterous concept of Modern Monetary Theory is being adopted by stealth with barely a whimper of protest. That means a new market paradigm that brings an end to the “default” state of U.S. real yields being positive."

    Bloomberg - Are you a robot?

    But Note:

    "
    The observations he makes are his own and not intended as investment advice"
    Last edited by OhOh; 12-08-2020 at 03:39 AM.

  24. #2624
    Alpha Monger
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    The gold run hasn't really even begun at all. Prices are back at these levels but it's not even a bull market yet. Bull markets are more than just rising prices. They surprise to the upside and go up just when everyone thinks they will go down.

    Just this week , all of these skeptical takes on gold in the media & then gold drops $100.

  25. #2625
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    Bonds & Stocks Battered After Bombed Auction, Silver Soars

    Buying Gold with my Thai savings?-bfm9c_0-jpg

    Buying Gold with my Thai savings?-bfmaacc-jpg


    Bonds & Stocks Battered After Bombed Auction, Silver Soars | Zero Hedge

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