Thread: Buying Gold with my Thai savings?

Originally Posted by OhOh

Originally Posted by Butterfly

you mean financial brokers ?

If you mean the bastards who sold policies 25 years ago promising the moon but now surprisingly have not met expectations, yes.

you mean life insurance brokers ? they sell to UK expats investment packages offshore and promise them all kind of performance they never see

the industry is full of oil snake salesmen, but if it wasn't for the stupidity of the majority of people when it comes to financial matters, this wouldn't happen

we see it here in this thread, nutters putting all their life savings and more in Gold, they are advertising their stupidity, like most small investors, and that's a breeding ground for "financial" advisors and their like (Gold commentators among others)

education is the best answer to deal with snake oil salesmen

Originally Posted by Butterfly

Originally Posted by OhOh

Originally Posted by Butterfly

you mean financial brokers ?

If you mean the bastards who sold policies 25 years ago promising the moon but now surprisingly have not met expectations, yes.

you mean life insurance brokers ? they sell to UK expats investment packages offshore and promise them all kind of performance they never see

the industry is full of oil snake salesmen, but if it wasn't for the stupidity of the majority of people when it comes to financial matters, this wouldn't happen

we see it here in this thread, nutters putting all their life savings and more in Gold, they are advertising their stupidity, like most small investors, and that's a breeding ground for "financial" advisors and their like (Gold commentators among others)

education is the best answer to deal with snake oil salesmen

Back to the same old question... U have 100,000 to invest today. Where are u putting it ? The last time I asked this u muttered about some over priced real estate with almost no yield inflation considered. Because like allot of fools, you are still wandering around in the housing bubble.

Originally Posted by OhOh

Small jump in gold today to US$1780 - up US$20+ in an hour, on absolutely no global news of circumstance.

Update, seems that Reuters issued a report, at 1819GMT, regarding the IAEA/Iran meetings, they are saying the "meeting" has failed. I would assume that was the trigger. The oil price jumped a US$ as well.

Alternatively the fact that Greece has just been gelded, (their gold has been taken) may be a reason.

the reasons might simply be technical, a lot of those Gold traders create spurious correlations that eventually evaporate, which make those trades quite risky at the end

very typical situation created by those dumb Gold traders is to price the DJIA in Gold, so when the DJIA falls on some bad news and they still think the DJIA is fairly priced, they price it in Gold

They could use pork barrels to price the DJIA, and it would be the same

Originally Posted by socal

Back to the same old question... U have 100,000 to invest today. Where are u putting it ?

well what would be the objective of the investment ? to meet some later obligations ? to speculate ? to play casino and make it rich quickly ? and how long would that money be committed for ?

you need to answer that question before putting any amount,

Originally Posted by Butterfly

Originally Posted by socal

Back to the same old question... U have 100,000 to invest today. Where are u putting it ?

well what would be the objective of the investment ? to meet some later obligations ? to speculate ? to play casino and make it rich quickly ? and how long would that money be committed for ?

you need to answer that question before putting any amount,

Money is money

[quote=Hampsha;2025340]

Originally Posted by socal

Originally Posted by Hampsha

Carold.

Doug Casey , Eric sprott , Jim Sinclair

Can't see to find too much on them on the net.

Ben Graham’s Curse On Gold


How can it be that Buffett, perhaps the most successful (and definitely the most well-known) investor of our time, believes that gold has no place in an intelligently allocated investment portfolio?
Perhaps it has something to do with his mentor, Benjamin Graham.


Graham, author of Security Analysis (1934) and The Intelligent Investor (1949), is correctly respected as one of history's most knowledgeable investors. Over a career spanning 1915 to 1956, he refined his investment theories, in time becoming known as the father of value investing. Much of modern portfolio theory is based upon Graham’s work.


According to Graham, while no one can tell the future, there are periods when the valuations of stocks and bonds would deviate from fair value by becoming excessively over- or undervalued. To enhance returns and reduce risk, investors should alter their portfolio allocations accordingly. A quick look at a long-term chart supports Graham's theory clearly shows periods when one asset class offered a better value than the other:



But what of the periods when both stocks and bonds stagnated or fell together? For much of the 1970s and again from 2001 through today, any portfolio allocated solely between stocks and bonds would have at best treaded water and at worst drowned in a sea of stagflation.

It’s clear from this next chart that gold was exactly that alternative, a powerful counter-trend investment for periods when both stocks and bonds were overvalued. Yet gold is conspicuously absent from Graham's allocation model.


But this missing asset class is entirely understandable: for most of Graham's adult life and the most important years of his career, ownership of more than a small amount of gold was outlawed. Banned for private ownership by FDR in 1933, it wasn't re-legalized until late 1974. Graham passed away in 1976; he thus never lived through a period in which gold was unmistakably a better investment than either stocks or bonds.

Perhaps now you can stop wondering why your broker, the talking heads in the financial media, and Warren Buffett continue to misunderstand gold as a portfolio holding.

Originally Posted by socal

Originally Posted by Butterfly

Originally Posted by socal

Back to the same old question... U have 100,000 to invest today. Where are u putting it ?

well what would be the objective of the investment ? to meet some later obligations ? to speculate ? to play casino and make it rich quickly ? and how long would that money be committed for ?

you need to answer that question before putting any amount,

Money is money

that's the problem, socal, you don't think and you follow crowds and amateurs blogs

this is how most people lose their shirt,

read JR book, you will love his chapter on Oil and Gold

Originally Posted by Butterfly

Originally Posted by socal

Originally Posted by Butterfly

Originally Posted by socal

Back to the same old question... U have 100,000 to invest today. Where are u putting it ?

well what would be the objective of the investment ? to meet some later obligations ? to speculate ? to play casino and make it rich quickly ? and how long would that money be committed for ?

you need to answer that question before putting any amount,

Money is money

that's the problem, socal, you don't think and you follow crowds and amateurs blogs

this is how most people lose their shirt,

read JR book, you will love his chapter on Oil and Gold

JR had his head knocked off last year in commodities. My gold only play kicked his ass.

You don't even know wtf to invest 100k in.

^ well, not everything in Gold, that's for sure

again, you have the typical mentality of an amateur, you are going to lose your shirt

Originally Posted by Butterfly

^ well, not everything in Gold, that's for sure

again, you have the typical mentality of an amateur, you are going to lose your shirt

You know... I have presented tons of information on this subject that is obviously way over your head. Then you come up with comments like that.^

You are the amateur. I feel like wrapping my my schlong with razor wire and passionately thrusting it into your ass.

Originally Posted by socal

I feel like wrapping my my schlong with razor wire and passionately thrusting it into your ass.

I think this deserves a thread of its own!

Marc Faber Bloomberg radio

^^ his reference to Chiang Mai is cute, above all when the interviewer is confusing Shanghai and Chiang Mai

well anyhow, wtf is he doing in Thailand ?

^Probably getting someones schlong thrusted passionately up him

^^^^ the reference to the US and probably other nations, taking steps to outlaw private holding of gold should point you to the real worry of the bankers.



Old but relevant explanation of financial shenanigans.

A long audio report, but interesting ideas on ensure your wealth should be protected.

Ben Davies: Greece is Just a Preview of What's Coming For the Rest of Us - YouTube!

Originally Posted by OhOh

01/02/2012 gold at 25,400thb/one baht weight in Bangkok

Purchased at 18,000 20 months ago

7,540 profit approx 25% per year.

29/2/2012 gold at 25500thb/one baht weight in Bangkok

Purchased at 18,000 20 months ago

7,500 profit approx 25% per year

So how many baht of gold did you buy?


A share of apple stock more than doubled in the last 20 months if the charts I am looking at are correct. If that were 18,000 baht it would be worth over 36,000. Of course, with gold you can beat the tax man I would think.





2010-present

^Not as much as I would have liked.

I am sure there are many stocks that have done well over the past two years. If you go further out, 5 years, they both seem to go up by approx 400%.

Originally Posted by Hampsha

So how many baht of gold did you buy?


A share of apple stock more than doubled in the last 20 months if the charts I am looking at are correct. If that were 18,000 baht it would be worth over 36,000. Of course, with gold you can beat the tax man I would think.





2010-present

There is no taxes on investment gold within the Euro system. None.

If you plan on selling, open a Eurozone bank account and sell there.

As for Apple.. I wouldn't advise anyone to jump into the Tech/internet bubble 2.0