Thread: Buying Gold with my Thai savings?

Originally Posted by socal

I wouldn't advise anyone to jump into the Tech/internet bubble 2.0

You are getting to sound like Butterfly with this talk of "bubbles".

Let every man decide for themselves.

Sorry ohoh.. These arent my words but we are talking gold and uncle warren...

Submitted by Azizonomics
Warren Buffett Priced In Gold
Can you say bubble? Or, more to the point, can you say bursting?



Warren Buffett loves to bash gold — claiming that stocks are inherently superior, because they produce a return, whereas gold just sits. Trouble is, stocks (and all paper assets) are subject to counter-party risk, whereas physical gold isn’t. Gold doesn’t overcompensate its CEOs, it doesn’t leverage its productive capital in toxic derivatives, it doesn’t cause industrial disasters like Deepwater Horizon, its value isn’t dependent on central banking, or securitisation, or American imperialism, or the machinations of the military-industrial complex. It just sits, retaining its purchasing power.
Warren Buffett had a great ride: he grew his wealth and businesses in an era of unprecedented growth powered by OPEC oil, and later by Chinese industrialism. That era — the era of the American free lunch — is coming to an end. His insights are applicable to that era. Today is a different world.

^ no, it's gold

but it is under $1700 now, sell, sell, sell

Originally Posted by Hampsha

Gold does ruin enviroments. There are plenty of places where strip mining or mrecury use in gold mining has done damage to environments and poisoned people's water supplies.

Do you really think there aren't middlemen making money off gold? What about all the companies trading on the stock exchanges? Even the mining companies have CEOs.

It's not black and white at all.

when we mention gold, we are talking physical only in your hands. not futures contracts or mining stocks

80% of the Gold that was extracted since 1900 is still around,

that alone speaks volume about supply of Gold available,

and of course if the scam regarding brokers selling more than they have in vault is true, that won't stop Gold to crash even for those who own the physical assets. Once investors get spooked by scandals, the asset is "tainted" and everyone will do a runner from it and dump the fucking thing, making it no better than any other financial assets.

Originally Posted by OhOh

Originally Posted by Hampsha

Gold does ruin enviroments. There are plenty of places where

many other industries from farming to chemical plants can ruin the environment or did you think that the ipods, wheat, milk, fishing............are all "clean" products, producing no CO2, no environmental affect. Get real.

Guess you didn't read Socal's post.

Originally Posted by Butterfly

80% of the Gold that was extracted since 1900 is still around,

oh dear, what happened to the other 20%?

Originally Posted by DrAndy

Originally Posted by Butterfly

80% of the Gold that was extracted since 1900 is still around,

oh dear, what happened to the other 20%?

Its more then 90% and this is a good thing..

Gold does not get consumed. It is this fact that makes it not a commodity. It is only a commodity to brainwashed westerners.

Gold has 71 years worth of stock to flow. All commodities have barely 71 days worth of stock to flow.

interesting thread, some good advice and banter, makes a refreshing change


so, do i buy some?

The Greek deal will go through today, the euro will rise against the US$ and gold will go up!!

It's also US$ 100+ less than it was recently, so buy if you want to add even more value to your savings.

^The Greek deal appears to be done.

The euro has risen.

Gold is back up to US$1,706, (US$20 today)

Originally Posted by OhOh

The Greek deal appears to be done.

really, that's nice

You can have a pot of gold. I'd like a nice house up in the cold mountains of New England with a trout stream running along the back and deer out in the yard every morning.


"He'll take his gold to where he is lying cold. Six deep in the grave."

Germany's Gold appears to be mostly in the US

sell sell sell

Originally Posted by DrAndy

sell sell sell

What are you suggesting one does with this new found wealth?

Originally Posted by Butterfly

80% of the Gold that was extracted since 1900 is still around,

Originally Posted by socal

Its more then 90% and this is a good thing

Originally Posted by socal

Gold does not get consumed

some contradiction there

Originally Posted by OhOh

Originally Posted by DrAndy

sell sell sell

What are you suggesting one does with this new found wealth?

I don't care but


sell sell sell

Originally Posted by OhOh

What are you suggesting one does with this new found wealth?

if you don't need the money then look around for property, it is low at the mo

Originally Posted by DrAndy

look around for property it is low at the mo

Still dropping as well, then you have rates/property taxes, insurance, maintenance, security......... is that a better return?

Originally Posted by DrAndy

Originally Posted by Butterfly

80% of the Gold that was extracted since 1900 is still around,

Originally Posted by socal

Its more then 90% and this is a good thing

Originally Posted by socal

Gold does not get consumed

some contradiction there

That was the 10% dug up before 1900

I used some when I went to the Temple and rubbed it on a little stone fella, and some more painting a starlet for my upcoming film - well that's what I told her.

Originally Posted by OhOh

Originally Posted by DrAndy

look around for property it is low at the mo

Still dropping as well, then you have rates/property taxes, insurance, maintenance, security......... is that a better return?

don't get all technical

yes, a much better return than from $1760 down to $1450, coming soon