Thread: Buying Gold with my Thai savings?

ah, priceless, the small player in vice games making those kind of calls

You can't start a SWAP with a value that is different from a MV of 0, it's neutral for both parties that enter into a SWAP deal. There is no cash exchanged, the Market Value of the SWAP is 0. If I start the SWAP with a "strike" of 500, I am already in the red and the burden of risk remains with me from the start.

as usual, all you know is petty games and trying to hustle players on the table with your unrealistic conditions.

The Strike will be the market price of Gold at the time the contract is originated.

Originally Posted by Butterfly

ah, priceless, the small player in vice games making those kind of calls

You can't start a SWAP with a value that is different from a MV of 0, it's neutral for both parties that enter into a SWAP deal. There is no cash exchanged, the Market Value of the SWAP is 0. If I start the SWAP with a "strike" of 500, I am already in the red and the burden of risk remains with me from the start.

as usual, all you know is petty games and trying to hustle players on the table with your unrealistic conditions.

The Strike will be the market price of Gold at the time the contract is originated.

No wonder you dont understand gold. YOu are just a gambling son of of a bitch

Glad to see Butterfly and Socal discussing the value of something.
Just buy it and don't worry about the price. Just take care crossing rivers.

Originally Posted by Butterfly

You can't start a SWAP with a value that is different from a MV of 0, it's neutral for both parties that enter into a SWAP deal. There is no cash exchanged, the Market Value of the SWAP is 0. If I start the SWAP with a "strike" of 500, I am already in the red and the burden of risk remains with me from the start.

No shit it's a losing prop for you. You're the one that called $500 in a few months (but of course are not willing to put your money down).

You think these 'financial instruments' you claim such authority on are so complex? Don't flatter yourself. Nice wriggle anyway, make a huge call then be totally unwilling to back it up.

Of course the burden of risk is with you if you are willing to put your money where your mouth is calling gold to be cut in more than half in the next few months.

And you make no sense anyway, you are willing to go with a $1K bench? does this still not put you behind from the start? What a tangled web you have weaved assuming everyone is so stupid. This is just like the light saber app prop bet you welched out of.

And don't kid yourself by thinking that any of these highly complex derivatives only your are smart enough to understand, are anything but gambling.

Say what you want about poker players but it was not us that brought down the entire US financial system with toxic mortgage bundles and and other such derivatives that prey on the weak.

Originally Posted by socal

I have 6 figures worth of gold.

But did you start with 7 figures worth of cash, just thought I would ask?

Originally Posted by 9999

Originally Posted by Butterfly

You can't start a SWAP with a value that is different from a MV of 0, it's neutral for both parties that enter into a SWAP deal. There is no cash exchanged, the Market Value of the SWAP is 0. If I start the SWAP with a "strike" of 500, I am already in the red and the burden of risk remains with me from the start.

No shit it's a losing prop for you. You're the one that called $500 in a few months (but of course are not willing to put your money down).

You think these 'financial instruments' you claim such authority on are so complex? Don't flatter yourself. Nice wriggle anyway, make a huge call then be totally unwilling to back it up.

Of course the burden of risk is with you if you are willing to put your money where your mouth is calling gold to be cut in more than half in the next few months.

And you make no sense anyway, you are willing to go with a $1K bench? does this still not put you behind from the start? What a tangled web you have weaved assuming everyone is so stupid. This is just like the light saber app prop bet you welched out of.

And don't kid yourself by thinking that any of these highly complex derivatives only your are smart enough to understand, are anything but gambling.

Say what you want about poker players but it was not us that brought down the entire US financial system with toxic mortgage bundles and and other such derivatives that prey on the weak.

my little schizo friend, I understand you hear voices in your head, but really nobody is going after you.

I made a call that Gold could reach 500 in a few months because it's on a losing trend, and in your typical hustler and petty criminal fashion, you need to transform this into some kind of bets with asymmetric payoffs, basically shifting the burden of risk on your betting "mark". How typical of your mindset.

next, nobody said those financial instruments were difficult to understand, if you can understand a SWAP with my simple explanation above, then even a monkey can understand it. So again, stop making silly assumptions.

as for poker players, you would find a lot of them are working in the financial industry, in particular a lot of high profile Hedge Fund managers are into hard core poker playing games, so that could explain why we went on the verge of collapse with all those poker risk takers who were too happy to shift the burden of risks on everyone else except themselves, like you just did above with your bet proposition.

Back to you, bitch.

Originally Posted by Butterfly

Back to you, bitch.

Settle petal.

So it was poker players that brought down Wall Street

Who's the one with voices in their head now.

Go ahead and draft a contract for a SWAP with a $1K bench and terms then, and find an escrow source (usually we don't need escrow for proposition betting in the petty criminal world people still trust each other).

Calling gold at $500 in a few months is so lol, because it's on a downward trend

Then when called on this, you accuse petty hustling.

I doubt you'll do it even at a bench double your prediction. You really have no clue about the real world. All you do is beat your chest. You're not even a real investor, just a corporate wage slave.

Your bluff has been called.

You sure have called his bluff - I would also take the bet that gold will not hit $1k in the next 6 months.
Come on butters how much do you have to play with?

Originally Posted by 9999

Then when called on this, you accuse petty hustling.

I doubt you'll do it even at a bench double your prediction. You really have no clue about the real world. All you do is beat your chest. You're not even a real investor, just a corporate wage slave.

Your bluff has been called.

I am drafting the agreement, should we make it a SWAP or simply a Forward contract for 6 months ?

Originally Posted by 9999

I doubt this guy has ever even put down a cent of his own money.

that's funny coming from the guy who pay his bets in beers Chang when he loses

Fcuk the 'to and fro'-ing. Can we come to a conclusion? Do I buy gold now, or wait?

Originally Posted by Pragmatic

Fcuk the 'to and fro'-ing. Can we come to a conclusion? Do I buy gold now, or wait?

Right

Fucking

Now

Currently 18,800 and still dropping. Where's the bottom?

Originally Posted by OhOh

Originally Posted by socal

I have 6 figures worth of gold.

But did you start with 7 figures worth of cash, just thought I would ask?

6 figures worth of gold, of course you do, sunshine

Originally Posted by Pragmatic

Currently 18,800 and still dropping. Where's the bottom?

It aint going back up bruv, so dont bovver, innit

Originally Posted by Pragmatic

Currently 18,800 and still dropping. Where's the bottom?

That's the price of a futures contract. Not the price of cold hard shiny gold. But the fact that you can get real physical gold for the price of a digital gabling chip in cyber space is an opportunity that mankind might never get again.

Originally Posted by flashbang

Originally Posted by OhOh

Originally Posted by socal

I have 6 figures worth of gold.

But did you start with 7 figures worth of cash, just thought I would ask?

6 figures worth of gold, of course you do, sunshine

Where would you put a hundred thousand sterling if you had it flaunce backpedaler extraordinaire !

^^
Break it to me in something which I understand please.

I'm buying some Golden Virginia tomorrow. It's 355baht for 50 gm and it's only going one way...Up!

Originally Posted by socal

Originally Posted by flashbang

Originally Posted by OhOh

Originally Posted by socal

I have 6 figures worth of gold.

But did you start with 7 figures worth of cash, just thought I would ask?

6 figures worth of gold, of course you do, sunshine

Where would you put a hundred thousand sterling if you had it flaunce backpedaler extraordinaire !

maybe something that will give me a monthly return?

Originally Posted by flashbang

Originally Posted by socal

Originally Posted by flashbang

Originally Posted by OhOh

Originally Posted by socal

I have 6 figures worth of gold.

But did you start with 7 figures worth of cash, just thought I would ask?

6 figures worth of gold, of course you do, sunshine

Where would you put a hundred thousand sterling if you had it flaunce backpedaler extraordinaire !

maybe something that will give me a monthly return?

Oh man.... Talk about starting from rock bottom as far as understanding goes..

You didn't answer the question. What are you buying that is going to give you your return ?

well, I'm talking about a cast iron return every month, not a shitty return or indeed loss in 5 years time