Thread: Buying Gold with my Thai savings?

Stay away from gold, way too risky. Invest in 3rd world indexes such as the SET, much safer

Originally Posted by OhOh

Don't be so hard on Butterfly. There was a company which supplied bars of marijuana from vending machines; its share price rose from $0.03 to $215, 7,166% in one day. That's a 2,600,000% in one year. It did go down to $25 the very next day

typical amateur projection of performance, no wonder they go for Gold and every other bubble assets

Originally Posted by 9999

Invest in 3rd world indexes such as the SET, much safer

SET is a bit overpriced, might go for a correction, I will be there to buy en masse when it does

Shares are much better if you know what to look for. Warren Buffet didn't build an empire from buying gold.

I reckon BHP is a buy later this year. It's in a downward move atm but I can see some value soon.

Gold hit a 10 mth low today :-)

Unless North Korea starts full on war it could easily slide more.

Originally Posted by waradmiral

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

Did you own TLS before 2008 ?

Some then it went down and i bought some more. It was always going to come back and the dividends totally covered any ST fall.

I wish I had won jackpot lotto a couple of years ago because it was the surest bet I've seen. I would have put half of it on and would never have to work again and still have a big income.

If you buy gold and it falls for a year or 2 then you are sitting on a loss and it may take 20 years to come back.

Those people who paid $1900/oz must be wondering if they still have it.

Originally Posted by waradmiral

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.

White metals, all of them, are precious metals but they are not monetary metal. Only gold is a monetary metal.

Gold's anual stock to flow ratio is 71 to1. White metals, less so with silver, have almost the same stock to flow as pork bellies or wheat.

gold support levels
1350
1100
1000

without north korea doing something drastic i could see the first level being tested over the next 12-18 mths.

[quote=waradmiral;2409874]

Shares are much better if you know what to look for. Warren Buffet didn't build an empire from buying gold.

Warren Buffet built his empire on the back of the USD and bond bubble that started with the end of the gold standard and has nold iot ended yet. 33 year rise in the price of bonds and people think gold is a bubble..

Warren Buffet also admitted that Birkshire would have went bankrupt in 2008 if there was no government assisted bailouts.

I reckon BHP is a buy later this year. It's in a downward move atm but I can see some value soon.

Gold hit a 10 mth low today :-)

Paper gold hit a 10 month low. Sure doesn't look like a bubble to me.. Do you think gold is a bubble ?

Originally Posted by socal

Originally Posted by waradmiral

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.

White metals, all of them, are precious metals but they are not monetary metal. Only gold is a monetary metal.

Gold's anual stock to flow ratio is 71 to1. White metals, less so with silver, have almost the same stock to flow as pork bellies or wheat.

You can trade any commodity and make money.

[quote=socal;2409942]

Originally Posted by waradmiral

Shares are much better if you know what to look for. Warren Buffet didn't build an empire from buying gold.

Warren Buffet built his empire on the back of the USD and bond bubble that started with the end of the gold standard and has nold iot ended yet. 33 year rise in the price of bonds and people think gold is a bubble..

Warren Buffet also admitted that Birkshire would have went bankrupt in 2008 if there was no government assisted bailouts.

I reckon BHP is a buy later this year. It's in a downward move atm but I can see some value soon.

Gold hit a 10 mth low today :-)

Paper gold hit a 10 month low. Sure doesn't look like a bubble to me.. Do you think gold is a bubble ?

Nice pretty chart but pretty useless. Gold is overvalued and there's no reason to hold it when equities have stronger futures all around the world.

You can jerk off all you want about gold but you've been wrong 10 months in a row and all the excuses in the world don't matter.


Apart from North Korea I see no reason to hold gold.

Originally Posted by waradmiral

Some then it went down and i bought some more. It was always going to come back and the dividends totally covered any ST fall.

I wish I had won jackpot lotto a couple of years ago because it was the surest bet I've seen. I would have put half of it on and would never have to work again and still have a big income.

If you buy gold and it falls for a year or 2 then you are sitting on a loss and it may take 20 years to come back.

Those people who paid $1900/oz must be wondering if they still have it.

I bought some gold for $800 and some for $1800. My non taxable capital gains have covered it just fine.

If you want to be a part of the system then go ahead. Take your after tax income and invest it in things that cost commissions, fees and taxes that have to be re invested.

My gold is a currency so my raw capital gains re invest themselves with no taxes or fees.

I also trade and hold stocks but I would never recommend it. By the time the government and your broker is done with you, you might as well shoot yourself.

London Fix Historical gold - result

that's a top pattern

How much gold does a case of beer cost?

"Warren Buffet built his empire on the back of the USD and bond bubble "

Umm no he built his empire on the back on buying quality companies and holding them for 30 years.

The US is pretty stuffed now due to debt but during the 20th century it was very strong with decades of growth.

Gold only became good again due to crisis.

2 bull markets in 100 years, both due to crisis.

When crisis ends gold tanks, already started.

Originally Posted by waradmiral

Originally Posted by socal

Originally Posted by waradmiral

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.

White metals, all of them, are precious metals but they are not monetary metal. Only gold is a monetary metal.

Gold's anual stock to flow ratio is 71 to1. White metals, less so with silver, have almost the same stock to flow as pork bellies or wheat.

You can trade any commodity and make money.

You have no idea what I am talking about.

There is a reason why central banks hold gold and not platinum, silver or any white metal.

Originally Posted by socal

Originally Posted by waradmiral

Originally Posted by socal

Originally Posted by waradmiral

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.

White metals, all of them, are precious metals but they are not monetary metal. Only gold is a monetary metal.

Gold's anual stock to flow ratio is 71 to1. White metals, less so with silver, have almost the same stock to flow as pork bellies or wheat.

You can trade any commodity and make money.

You have no idea what I am talking about.

There is a reason why central banks hold gold and not platinum, silver or any white metal.

They hold it for safety. They held it when gold was $400 an ounce. The base isn't $1800. It's moved up from previous low levels but it's still under $1000.

But you're happy being wrong 10 mths in a row and I'm sure you've got lots of excuses and endless charts to try and argue a losing cause.

Good luck with your downward trend.

I'll see you in 12 mths and listen to your excuses then.

Cya.

[quote=waradmiral;2409950]

Originally Posted by socal

Originally Posted by waradmiral

Shares are much better if you know what to look for. Warren Buffet didn't build an empire from buying gold.

Warren Buffet built his empire on the back of the USD and bond bubble that started with the end of the gold standard and has nold iot ended yet. 33 year rise in the price of bonds and people think gold is a bubble..

Warren Buffet also admitted that Birkshire would have went bankrupt in 2008 if there was no government assisted bailouts.

I reckon BHP is a buy later this year. It's in a downward move atm but I can see some value soon.

Gold hit a 10 mth low today :-)

Paper gold hit a 10 month low. Sure doesn't look like a bubble to me.. Do you think gold is a bubble ?

Nice pretty chart but pretty useless. Gold is overvalued and there's no reason to hold it when equities have stronger futures all around the world.

You can jerk off all you want about gold but you've been wrong 10 months in a row and all the excuses in the world don't matter.


Apart from North Korea I see no reason to hold gold.

The chart is showing that the COMEX paper gold futures market has nothing to do with the fundamentals of physical gold.

Rising demand and falling price = a broken market.

Gold will be revalued like it was in the 30's and like it was when the london gold pool blew up. The paper market and the paper market price means nothing at this point.

How well did technical analysis work when gold was re valued in the 30's ?

Originally Posted by waradmiral

"Warren Buffet built his empire on the back of the USD and bond bubble "

Umm no he built his empire on the back on buying quality companies and holding them for 30 years.

Ah 30 years, just like I said. US bond prices have been rising for 33 years in a row which means bond yields (interest rates) have fallen for 33 years in a row. Warren Buffet has been piggy backing this economic expansion due to a bond bubble for 30 years.

It looks like this bond bubble is in its final stages.




But if you think 1st world bond markets will go up for another 33 years then go ahead and to what Buffet did.

Originally Posted by waradmiral

Originally Posted by socal

Originally Posted by waradmiral

Originally Posted by socal

Originally Posted by waradmiral

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.

White metals, all of them, are precious metals but they are not monetary metal. Only gold is a monetary metal.

Gold's anual stock to flow ratio is 71 to1. White metals, less so with silver, have almost the same stock to flow as pork bellies or wheat.

You can trade any commodity and make money.

You have no idea what I am talking about.

There is a reason why central banks hold gold and not platinum, silver or any white metal.

They hold it for safety. They held it when gold was $400 an ounce. The base isn't $1800. It's moved up from previous low levels but it's still under $1000.

But you're happy being wrong 10 mths in a row and I'm sure you've got lots of excuses and endless charts to try and argue a losing cause.

Good luck with your downward trend.

I'll see you in 12 mths and listen to your excuses then.

Cya.

I have been right for 4 years actually..

The central banks holds Gold for fools like socal so they can have confidence in the banking system

it's a political statement,

Gold has nowhere to go but down eventually, it might reach new high in between, but eventually it will return to that 30 year down cycle

^
Only if there is no major world crisis in the near future. Otherwise, your statement is true.

Originally Posted by waradmiral

Shares are much better if you know what to look for. Warren Buffet didn't build an empire from buying gold.

I reckon BHP is a buy later this year. It's in a downward move atm but I can see some value soon.

Gold hit a 10 mth low today :-)

Unless North Korea starts full on war it could easily slide more.

Warren buffett didn't build an empire in empire in telecoms either so that is an off-limits investment as well?

Originally Posted by Butterfly

The central banks holds Gold for fools like socal so they can have confidence in the banking system

it's a political statement,

Gold has nowhere to go but down eventually, it might reach new high in between, but eventually it will return to that 30 year down cycle

I boldly predict the sun will rise in the morning, it might get a little darker before then though. This prediction business is pretty easy is it not?