Thread: Buying Gold with my Thai savings?

Originally Posted by 9999

Gerald Celente, a guy who's opinion I respect, values gold at anywhere from $2500 - $5000 an oz.

great opinion, a range of 100%

an accurate assessment of his value

Originally Posted by DrAndy

great opinion, a range of 100%

those gold gurus don't like to take risks with their predictions

who is Gerald Calente ? let's see, a chartist maybe ?

Gerald Celente - Wikipedia, the free encyclopedia

In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012.[18] Celente also predicted an "economic 9/11" and a "panic of 2008."[19]

hey 9999, didn't take you for a delusional doomer, but apparently you like that guy who seem to be another doom nutter

Hugo Lindgren and ABC News have labelled Celente's predictions "pessimism porn" for their doom and the alleged eschatological thrill some people receive from imagining his predictions of the collapse of civil society in the wake of a global economic crisis.[22][23]

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 :-)

And other people who have invested in "blue chip" companies have lost 100% of their "investment".

Originally Posted by 9999

Originally Posted by socal

So I lose the bet with 9999.

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

I think gold is undervalued right now. Gerald Celente, a guy who's opinion I respect, values gold at anywhere from $2500 - $5000 an oz.

Also interesting to not that physical gold is going for as high as a 20% premium in some places over it's paper/ digital fake version.

I sure hope Im in Thailand soon. I havn't been in awhile because I've been too busy dating western hoes and hanging around in Mexico.

Originally Posted by Butterfly

more useless graph by the usual nutters

Even when you are shown a graph of how the dollar has lost purchasing power over time you claim its a conspiracy theory graph with no meaning. But hey let's not let facts get in the way of things?

Originally Posted by Butterfly

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

Seems you defaulted on your last bet with 9999 so maybe even that bet is a little rich for you?

Originally Posted by Butterfly

Originally Posted by DrAndy

great opinion, a range of 100%

those gold gurus don't like to take risks with their predictions

Unlike your predictions which are.............
The ultimate hypocrite.

Originally Posted by draco888

Originally Posted by Butterfly

Originally Posted by DrAndy

great opinion, a range of 100%

those gold gurus don't like to take risks with their predictions

Unlike your predictions which are.............
The ultimate hypocrite.

Butters Belgian ?

Feck. that puts him closer to me.

He has french written all over him.

Originally Posted by OhOh

Food riots - check the increasing numbers receiving US food stamps, check the numbers in Greece rioting, check the numbers in Spain rioting.

Gerald Celente, you know, the guy I idolize and take his word as gospel, in the wharped world of butters' assumptions anyway, predicted food riots in America in 2013-2014, about 2 years ago.

Originally Posted by draco888

it is time you just SURRENDER now

how old are you again, Socal 2.0 ?

Originally Posted by draco888

Even when you are shown a graph of how the dollar has lost purchasing power

at the cost of growth, so we get more USD than ever before, so not a bad thing. For every effect, there is a counter-effect.

we could do like the Brits in the 80s, have a strong pound but a weak economy with no growth. Very stable, but being poor would be the standard.

Originally Posted by Butterfly

Originally Posted by draco888

Even when you are shown a graph of how the dollar has lost purchasing power

at the cost of growth, so we get more USD than ever before, so not a bad thing. For every effect, there is a counter-effect.

we could do like the Brits in the 80s, have a strong pound but a weak economy with no growth. Very stable, but being poor would be the standard.

So you are also in favour of currencies losing their value? I suppose this is in line with your investment advice of buying expensive cars and not buying gold so at least you are consistent.

Originally Posted by OhOh

31/01/2013 gold at 23,600THB/one baht weight in Bangkok

Purchased at 18,000THB 32 months ago

5,600THB profit approx 11.6% per year

31/03/2013 gold at 22,250THB/one baht weight in Bangkok

Purchased at 18,000THB 34 months ago

4,500THB profit approx 8.9% per year

Originally Posted by OhOh

4,500THB profit approx 8.9% per year

very low return considering the risk taken,

Originally Posted by Butterfly

Originally Posted by OhOh

4,500THB profit approx 8.9% per year

very low return considering the risk taken,

Yeah should have invested in the mystery cannot mention buttercup fund which returns 7.5 zillion percent per year.

Originally Posted by Butterfly

Originally Posted by OhOh

4,500THB profit approx 8.9% per year

very low return considering the risk taken,

Risk in what currency ? Usdollars ?

What currency are u so bullish on ?

The only bull you know is bullshit

Originally Posted by OhOh

Originally Posted by OhOh

31/01/2013 gold at 23,600THB/one baht weight in Bangkok

Purchased at 18,000THB 32 months ago

5,600THB profit approx 11.6% per year

31/03/2013 gold at 22,250THB/one baht weight in Bangkok

Purchased at 18,000THB 34 months ago

4,500THB profit approx 8.9% per year

that's a low return

TLS is returning 10% in dividends plus growth of 50% in 2 years

By virtue of the authority vested in me by ... an Act to provide relief in the existing national emergency in banking, and for other purposes ... I, Franklin D Roosevelt ... do declare that said national emergency still continues to exist and ... do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations ..."
These are the opening phrases of Executive Order 6102, issued by FDR 80 years ago on Friday. The order has become notorious among gold investors. Some fear something similar could happen again, that their government might seek to take their gold away as part of some trumped up "solution" to a "national economic emergency".
Events in Cyprus, where at one point it seemed that the state was going to levy a 6.75pc tax on "insured" deposits below €100,000, have served only to heighten fears that private wealth can, under certain circumstances, simply be appropriated.

Roosevelt's gold confiscation: could it happen again? - Telegraph

Even though this has been an interesting thread to read, I will have to use my gut and past history to soon invest in gold. With the world situation, precious metals just makes more sense to me than investing in paper, even though many things may give a higher yield of return.

If everything were to go south, gold is something that always could be used to buy whatever one needed during a world disaster. Paper would be worthless, as would much of the world currency. Since I will be gaining some disposable income in the near future, I will be putting most of it in gold and stash it away. Hopefully, we will never have a world disaster, but nothing is for sure.

As I said, interesting thread, but a little too speculative and technical for me. I am just someone who wants to have some reserve buying power and gold seems to be the best bet at the moment.

The platinum group metals are the best performers of the precious metals complex this year, with platinum up 1.5 percent and palladium 8.1 percent, against a 6.2 percent drop in gold prices and a 10.5 percent fall in silver.