Thread: Buying Gold with my Thai savings?

Originally Posted by Butterfly

buy a car,

I already got one.

buy a very nice car,

if you got to loose money, which is more than likely, might as well enjoy it

Socal is likely to be correct. China is targeting 6000 - 8000 tonnes of gold over the next couple of years and once they are ready to do so, are linking the Yuan to gold. At this announcement gold will fly and anyone with investments based upon the pie in the sky dollar will be selling their copper pipes to trade for a tin of horse meat stew. The Fed has sold all of Germany's gold, and most likely America's gold. A good guess is that before the 7 year time line they gave for giving Germany's gold back, the Fed will shut up shop and run to the hills Keyser Söze style.

The advice right now from the money men is sink your cash into something tangible like gold and silver.

Originally Posted by Butterfly

Originally Posted by waradmiral

Please do tell me why gold will reach $3200 an ounce within the next 5-10 years.

Should be worth a good laugh.

because there is a conspiracy out there with the Fed debasing all major currencies

No there is no debasing is there? 1 dollar today buys the same quantity of goods as it did 100 years ago and will buy the same in 50 years time....

Originally Posted by Butterfly

Originally Posted by superman

If I had a large sum of money say 40,000 GBP

buy a car,

Of course butterfly has too many 'morals' to recommend anything, he just says in hindsight what has done better than gold. That's hard to do is it not?

Actually butterfly as a used car salesman sounds about right actually

and enter Draco888

Originally Posted by superman

Originally Posted by Butterfly

buy a car,

I already got one.

$40,000 could fetch you 25 of these. Just think of how much more gold you would have then any of the average people you know. They will all be getting fucked over and confused with various financial products while you sit and watch them slowly figuring it out.

Originally Posted by Butterfly

and enter Draco888

Fascinating analysis and insight as usual. Even socal has the confidence to come out and be judged, you? Nothing but cowardice

Keep it up socal the warmonger has gone quiet or may be reading the other 80+ pages for his education.

Originally Posted by superman

I'm confused with this in fighting. If I had a large sum of money say 40,000 GBP. What would be my way forward for the future, knowing that the UK banks are fcuked. Serious question as I know nothing.

Nor does anyone here allegedly.

But buy physical gold and get it out of the UK as soon as you can.

Originally Posted by OhOh

Originally Posted by superman

I'm confused with this in fighting. If I had a large sum of money say 40,000 GBP. What would be my way forward for the future, knowing that the UK banks are fcuked. Serious question as I know nothing.

Nor does anyone here allegedly.

But buy physical gold and get it out of the UK as soon as you can.

Or you could follow butters investment advice which so far has consisted of:

1. Don't buy gold (which direction has the price of gold gone since then?)

2. Buy a 40k car (which direction will the price go after depreciation?)

Top investment advice so far

Originally Posted by OhOh

Keep it up socal the warmonger has gone quiet or may be reading the other 80+ pages for his education.

Education

You dimwits don't understand the basics on investments.

Let me educate you

XYZ Ltd

Price $10
Yield 5%
DPS 50c

15 years later

$40
Yield 4%
DPS $1.60

1.6/10 = 16%

So the LT investor now holds shares yielding 16% plus a 300% capital gain.

There have been many companies that have achieved results like this while Gold has had 2 bull markets in 100 years and pays NO DIVIDENDS

I admire your ability to see 15 years into the future so clearly

Originally Posted by waradmiral

Originally Posted by OhOh

Keep it up socal the warmonger has gone quiet or may be reading the other 80+ pages for his education.

Education

You dimwits don't understand the basics on investments.

Let me educate you

XYZ Ltd

Price $10
Yield 5%
DPS 50c

15 years later

$40
Yield 4%
DPS $1.60

1.6/10 = 16%

So the LT investor now holds shares yielding 16% plus a 300% capital gain.

There have been many companies that have achieved results like this while Gold has had 2 bull markets in 100 years and pays NO DIVIDENDS

Originally Posted by draco888

I admire your ability to see 15 years into the future so clearly

Originally Posted by waradmiral

Originally Posted by OhOh

Keep it up socal the warmonger has gone quiet or may be reading the other 80+ pages for his education.

Education

You dimwits don't understand the basics on investments.

Let me educate you

XYZ Ltd

Price $10
Yield 5%
DPS 50c

15 years later

$40
Yield 4%
DPS $1.60

1.6/10 = 16%

So the LT investor now holds shares yielding 16% plus a 300% capital gain.

There have been many companies that have achieved results like this while Gold has had 2 bull markets in 100 years and pays NO DIVIDENDS

The thing is YOU DONT HAVE TOO.

Go read a Buffett book and he'll explain how to do forecasts like this. It's all pretty basic and just common sense.

The only difference with Buffett is he prefers to re-invest dividends and focus on EPS rather than DPS.

Originally Posted by pseudolus

Socal is likely to be correct. China is targeting 6000 - 8000 tonnes of gold over the next couple of years and once they are ready to do so, are linking the Yuan to gold. At this announcement gold will fly and anyone with investments based upon the pie in the sky dollar will be selling their copper pipes to trade for a tin of horse meat stew. The Fed has sold all of Germany's gold, and most likely America's gold. A good guess is that before the 7 year time line they gave for giving Germany's gold back, the Fed will shut up shop and run to the hills Keyser Söze style.

The advice right now from the money men is sink your cash into something tangible like gold and silver.

America can just nick all the gold in the world from anyone they want to. Who's gonna stop em?

WW3. End of the world. Gold. What a load of tosh. Guffaw.

must be rather annoying for him and monger that berkshire has underperformed gold for years, that maybe why they feel the need to get vocal against it

Originally Posted by waradmiral

Originally Posted by draco888

I admire your ability to see 15 years into the future so clearly

Originally Posted by waradmiral

Originally Posted by OhOh

Keep it up socal the warmonger has gone quiet or may be reading the other 80+ pages for his education.

Education

You dimwits don't understand the basics on investments.

Let me educate you

XYZ Ltd

Price $10
Yield 5%
DPS 50c

15 years later

$40
Yield 4%
DPS $1.60

1.6/10 = 16%

So the LT investor now holds shares yielding 16% plus a 300% capital gain.

There have been many companies that have achieved results like this while Gold has had 2 bull markets in 100 years and pays NO DIVIDENDS

The thing is YOU DONT HAVE TOO.

Go read a Buffett book and he'll explain how to do forecasts like this. It's all pretty basic and just common sense.

The only difference with Buffett is he prefers to re-invest dividends and focus on EPS rather than DPS.

So I lose the bet with 9999. Anyways, heres where we are.





So, what are the lessons here?

1. Can't predict a bottom. Downside momentum could continue from ongoing negative media headlines that scare investors into selling. Technical traders can also push gold down further.
2. A consolidation period usually follows a large decline. Waiting is no fun, but it gives us time to accumulate the ounces we need and the stocks we want.
3. Rebounds can be HUGE after big corrections. The bigger the fall, the bigger the bounce. Once the bottom is established and the consolidation completes, the climb could be powerful.
4. Big corrections can supercharge investment returns. If you have a full position in gold and gold stocks, the strategy is simple: hold. If you have funds waiting to be deployed into the sector, we have some strategies below.

more useless graph by the usual nutters

The graph shows gold going nowhere since 2011. 2 years of under performance and no dividends. Meanwhile a lot of equities have gone up 50-100% plus dividends.

Yeah let's buy gold and wait 25 years for the next major boom :-)

Originally Posted by waradmiral

The graph shows gold going nowhere since 2011. 2 years of under performance and no dividends. Meanwhile a lot of equities have gone up 50-100% plus dividends.

Yeah let's buy gold and wait 25 years for the next major boom :-)

First of all, no dividends are beating inflation on average.

Equities have gone up 50-100% since early 2009. Not the last 2 years. But most indexes are still below 2007 highs. So as a trade, they have gone up. As an investment, they have gone nowhere for over a decade.

Equities=shitty investment

Originally Posted by 9999

let me know when you're in country we can settle up

shouldn't be hard to settle, how much was it again ? 40 THB Singha beer from the local 711 ?

Originally Posted by 9999

I think gold is undervalued right now. Gerald Celente, a guy who's opinion I respect

so without any fundamental research, you simply believe one guy completely based solely on his opinion that incidentally fits your uninformed view ?

priceless indeed

let's put those bets up, I raise you 2 Singha from Tesco Express