Buying in to Gold

nitrocat

Deemy -

Property/ pensions / savings are assets and yes should not be included in inflation.

lol Why not?
People have to live somewhere. So of course the cost of living somewhere should be included. It is perhaps the most expensive thing we buy or rent. It is a crime against the citizens to exclude it.
To exclude from inflation the really important things in our lives such as houses and pensions will make the inflation measure meaningless, which IMHO is what we have now.

Reaper

Not quite, I believe that China, India, Asia for example are strong forces of deflation acting to reduce everyone in the UK net worth (globally speaking) by competing with UK wages. BUT the bankers are trying to counteract it by inflating. I think they are doing very well at it btw, and suspect they will for a long time yet, until the inflation leads to too much mal-investment and over consumption (the peak oil production wall is a problem).

Fantastic. Both in the sense I love it and in the sense it has no relation to reality!

There are so many errors in your logic and understanding of economics that there is no way I can begin to respond. I suggest you grab a textbook from the library and have a read. I'm afraid I'm going to duck out of the debate. Have fun guys.

deemy2004

Deemy -
lol Why not?
People have to live somewhere. So of course the cost of living somewhere should be included. It is perhaps the most expensive thing we buy or rent. It is a crime against the citizens to exclude it.
To exclude from inflation the really important things in our lives such as houses and pensions will make the inflation measure meaningless, which IMHO is what we have now.

How can it be in the inflation when you can sell it at a profit ?
Thus your GAINING bEYOND the rate of inflation by holding the asset. Its like saying the stock market should be in inflation, so if the stock market crashes - by MAGIC inflation disappears, If the stock market booms 100% - Core blimey inflations 30% !

I think we will still be talking when golds trading below $300

deemy2004

Deemy, was this another shot at winning "Top financial absurdity of all times"?

Now who you think manipulated statistics and headlines are going to benefit?  Citizens like me and you? Or small elites of super rich bankers?  


Protect yourself.

LOL

Thanks for the nomination  ;D

Likewise

I'm thinking but I just cannot respond mon capitan, without recycling what Ive already said..............................................

Good luck with your gold bullion.............

cgnao

Good luck with your gold bullion.............

Thanks, but I don't need luck. On the contrary you and your shares need it. A hell of a LOT of it......

deemy2004

You forgot

Protect yourself

Laters...

nitrocat

Reaper

There are so many errors in your logic and understanding of economics that there is no way I can begin to respond.

More likely you are unable to provide a good rational counter argument because there are so many errors in your own understanding of economics. Afraid of what you see?

Reeper

I suggest you grab a textbook from the library and have a read.

Thank you, I might do that, always a good thing to do.

I suggest you open your mind to what is really going on and wake up! ::)

cgnao

You forgot

Protect yourself

Laters...

You're right.

Protect yourself.

diggingdaddy

"truth does not need libraries and universities."
http://www.honest-money.com/

Reaper

"truth does not need libraries and universities."
http://www.honest-money.com/

LOL. Your "truth does not need libraries" quote would be much more profound if your link didn't go to a web site trying to sell a book ::)