Thread: Buying Gold with my Thai savings?

Originally Posted by 9999

Originally Posted by Butterfly

typical day trader thinking,

Some of these typical day traders manage to get even fatter than wage slaves such as yourself butters. Do you really think day traders are still going long on gold?

some pimps and drug dealers, and even poker players, could manage to get even fatter than those day traders,

is that the point you are trying to make ?

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

what a silly counter argument, draco, even by your standard

try harder,

Originally Posted by beazalbob69

Originally Posted by socal

Originally Posted by beazalbob69

Originally Posted by socal

Is anyone really selling real gold ?

Yeah estate sales from old people who collected gold their whole life and then died without actually selling any of it to make a profit.

Why buy physical gold as a investment if most people never sell it to take advantage of price spikes?

Whenever my Wife and I have some extra money we(She) like to buy some gold jewelry usually Thai gold 1 baht chains. We will probably never sell any of this gold. Is it just nice to have so when the price spikes you can say to everyone "We just got rich because we have a lot of gold and it just went up 40%" even though you are never gonna take any of it to the gold shop and cash it in?

The way I see it most people who own gold have money already and never get rid of their gold so it's kind of pointless other than just for collecting and hobby. Edit: and oh yeah arguing about the pro's and con's of it on the internet of course!

So storing value, untaxed, over time is pointless ?

What would you do with $200,000 right now if you had to invest it ?

I would find a growing and prospering country and invest that money into land in said country. And I would also make sure this land had a nice large supply of clean fresh water preferably underground and out of site, as I believe drinking water is a solid investment for the future especially in the countries that are growing now like Asia.

I fear the day when the shit hit's the fan and all I have left is a lot of physical gold. Who is gonna take it? How much will it get me in food and water? How will I protect it from others wanting it for themselves?

I dont discount the likelyhood of the the price of gold rising in the future as it most likely will rise, but like I said most people I have seen with gold never sell it. They hold onto it because it's valuable until they die which made that gold useless to them, plus they had to spend the money on the gold in the 1st place.

Still wallowing in the real estate bubble eh... What makes you think farmers havnt had access to credit like everyone else ? Farm land prices have never been higher. And farmers with cheap credit will keep pushing prices up. What do you know about farmland anyway ? You are getting into an industry that you know nothing about. There is no low hanging fruit in any industry right now. If there is any deals, the insiders buy them up themselves.

The shit won't hit the fan the way you think it will. Paper and digital currency will still exsist and it will work fine as a medium of exchange. The diffrence is, nobody will be saving their excess income in it.

Super rich people like oil shieks and old European familys will never have to worry about starving. Those are the people that will bid gold higher and higher. The only thing they have to worry about is protecting a fortune.

Originally Posted by beazalbob69

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

It is useless the same as buying a nice restored shelby mustang and putting it in storage, never driving it, and also never selling it for some outrageous price is useless. Except as I said before as a hobby just because you already have money.

As for the recipients of my assets on my death, I am sure they will be very happy that I amassed a fortune during my lifetime and never spent or sold any of it for things that could bring me pleasure. I am positive they will not have that problem.

super rich people already have everything they want. They own a pro sports team or 2 as a hobby. But what do they do with what is left over ? Buy gold. Can't you see the utility gold has to the super rich ?

Originally Posted by Butterfly

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

what a silly counter argument, draco, even by your standard

try harder,

What? Explain please?

Originally Posted by beazalbob69

And I would also make sure this land had a nice large supply of clean fresh water preferably underground and out of site, as I believe drinking water is a solid investment for the future especially in the countries that are growing now like Asia.

Interesting, how are you going to ensure that "your" underground water is not going to be polluted?

How are you going to buy "drinking water", who will stop the hordes of thirsty people from helping themselves to this resource when the "shit hits the fan"?

Originally Posted by socal

Originally Posted by beazalbob69

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

It is useless the same as buying a nice restored shelby mustang and putting it in storage, never driving it, and also never selling it for some outrageous price is useless. Except as I said before as a hobby just because you already have money.

As for the recipients of my assets on my death, I am sure they will be very happy that I amassed a fortune during my lifetime and never spent or sold any of it for things that could bring me pleasure. I am positive they will not have that problem.

super rich people already have everything they want. They own a pro sports team or 2 as a hobby. But what do they do with what is left over ? Buy gold. Can't you see the utility gold has to the super rich ?

They buy gold for show not to make money. Super rich people make money from businesses with cashflow.

You really don't know anything.

Originally Posted by waradmiral

They buy gold for show not to make money.

so you agree with Socal that is what the super rich do with their cash left over?

buy gold?

Originally Posted by DrAndy

Originally Posted by waradmiral

They buy gold for show not to make money.

so you agree with Socal that is what the super rich do with their cash left over?

buy gold?

Who are the super rich? They are all different people.

Buffett and Gates have given away half their money.

Socal wouldn't have a clue what the super rich do. He's probably read some get rich quick book from some "guru" and thinks he knows it all.

What they do with excess cash is hardly relevant to the average person. Copying one thing they do is not going to make you super rich.

Originally Posted by waradmiral

Who are the super rich? They are all different people.

yes, they are all rich

Originally Posted by waradmiral

they buy gold for show not to make money.

how do you know that? you must know they all buy gold as you have said that

Originally Posted by DrAndy

Originally Posted by waradmiral

Who are the super rich? They are all different people.

yes, they are all rich

Originally Posted by waradmiral

they buy gold for show not to make money.

how do you know that? you must know they all buy gold as you have said that

Never said they all do the same thing. You're a silly troll boy.

well, I may be silly but it is you who seem to be stupid

you have just proved that!!



agreeing with Socal then backtracking like a reverse Lemming

Originally Posted by DrAndy

well, I may be silly but it is you who seem to be stupid

you have just proved that!!



agreeing with Socal then backtracking like a reverse Lemming

FUCK you are thick. I've been disagreeing with him all along

You obviously have trouble with basic English comprehension.

Originally Posted by waradmiral

I've been disagreeing with him all along

Originally Posted by socal

But what do they do with what is left over ? Buy gold.

Originally Posted by waradmiral

They buy gold

right, you disagreeing with him

THEY BUY GOLD

you are funny

Originally Posted by DrAndy

Originally Posted by waradmiral

I've been disagreeing with him all along

Originally Posted by socal

But what do they do with what is left over ? Buy gold.

Originally Posted by waradmiral

They buy gold

right, you disagreeing with him

THEY BUY GOLD

you are funny

Are you mentally handicapped?

You've never seen a rich person with gold

you are not very good at that, are you?

having a little meltdown?

Originally Posted by DrAndy

you are not very good at that, are you?

having a little meltdown?

Laughing at how stupid you are. It's fuckin hilarious.

yes, it is

don't you worry, calm down, take your meds

Originally Posted by waradmiral

Originally Posted by socal

Originally Posted by beazalbob69

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

It is useless the same as buying a nice restored shelby mustang and putting it in storage, never driving it, and also never selling it for some outrageous price is useless. Except as I said before as a hobby just because you already have money.

As for the recipients of my assets on my death, I am sure they will be very happy that I amassed a fortune during my lifetime and never spent or sold any of it for things that could bring me pleasure. I am positive they will not have that problem.

super rich people already have everything they want. They own a pro sports team or 2 as a hobby. But what do they do with what is left over ? Buy gold. Can't you see the utility gold has to the super rich ?

They buy gold for show not to make money. Super rich people make money from businesses with cashflow.

You really don't know anything.

So you think super rich people recycle ALL of their cashflow into more cashflow generators ? Just so they have more tax problems and headaches on a compounded basis ?

Originally Posted by waradmiral

Originally Posted by DrAndy

Originally Posted by waradmiral

They buy gold for show not to make money.

so you agree with Socal that is what the super rich do with their cash left over?

buy gold?

Who are the super rich? They are all different people.

Buffett and Gates have given away half their money.

Socal wouldn't have a clue what the super rich do. He's probably read some get rich quick book from some "guru" and thinks he knows it all.

What they do with excess cash is hardly relevant to the average person. Copying one thing they do is not going to make you super rich.

Oil Shieks ,old European banking families, sovereign wealth , central banks. Those are the super rich. People you never heard of. None of which are your media shill token rich guys like Warren Buffet and BIll Gates are.

Piggy backing the super rich at a time when the biggest bubble in history (govt bonds) is about to blow, is a good idea for the average person at this point in history.

Taking part in the "anything but gold" trade is not going to get the average person anywhere. You will lose money playing the "anything but gold trade".

Originally Posted by socal

Originally Posted by waradmiral

Originally Posted by DrAndy

Originally Posted by waradmiral

They buy gold for show not to make money.

so you agree with Socal that is what the super rich do with their cash left over?

buy gold?

Who are the super rich? They are all different people.

Buffett and Gates have given away half their money.

Socal wouldn't have a clue what the super rich do. He's probably read some get rich quick book from some "guru" and thinks he knows it all.

What they do with excess cash is hardly relevant to the average person. Copying one thing they do is not going to make you super rich.

Oil Shieks ,old European banking families, sovereign wealth , central banks. Those are the super rich. People you never heard of. None of which are your media shill token rich guys like Warren Buffet and BIll Gates are.

Piggy backing the super rich at a time when the biggest bubble in history (govt bonds) is about to blow, is a good idea for the average person at this point in history.

Taking part in the "anything but gold" trade is not going to get the average person anywhere. You will lose money playing the "anything but gold trade".

Central banks aren't indiividuals. Oil sheiks made their money from OIL obviously and have flashy homes fitted out with gold and $400,000 watches. They aren't buying gold as a money maker.

Good point? You are a goose.

While people are making 50%+ returns in equities over the last 2 years and good yields you are wanking yourself over gold and have no idea about the history of gold.

All the major gold analysts have reduced their forecasts by around 10% this year.

Do you really think gold is going to reach $3000/oz in the next 2 years?

You must be a genius and everybody else is wrong.

Originally Posted by beazalbob69

Originally Posted by draco888

Just because you die without having sold it how does this mean it is useless? Is the cash in your bank also count as being useless because you have not spent it? Is the aim to spend your last baht on the day you die? Will the recipients of your assets on your death view the gold as useless?

It is useless the same as buying a nice restored shelby mustang and putting it in storage, never driving it, and also never selling it for some outrageous price is useless. Except as I said before as a hobby just because you already have money.

As for the recipients of my assets on my death, I am sure they will be very happy that I amassed a fortune during my lifetime and never spent or sold any of it for things that could bring me pleasure. I am positive they will not have that problem.

People who buy vintage cars usually drive them and get a lot of pleasure out of owning them. They do have maintenance costs though.