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Marc Faber: "I Would Recommend People Buy Every Month Some Gold For Ever"

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Comments

  • SilverStandard
    SilverStandard Posts: 174 Forumite
    Supply/demand fundamentals of silver will mean price could go higher than gold

    http://www.youtube.com/watch?v=8fmtpMQSBLU&feature=PlayList&p=7E3D78848D3BD5AB&index=1&playnext=2&playnext_from=PL
  • Californication
    Californication Posts: 177 Forumite
    because everyone on the Savings and Investment board was taking the !!!! out of them?

    --C
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    DiggerUK wrote: »
    But as we all know, gold is a no risk asset.

    Right, buy at the peak of the bubble? As you are well aware, gold is NOT risk free.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • LisbonLaura
    LisbonLaura Posts: 1,121 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Jonbvn wrote: »
    Right, buy at the peak of the bubble? As you are well aware, gold is NOT risk free.

    Quite right. Brown paper money is the only way to go as you can't have a bubble of paper.

    'Sterling to rocket in value' ........... is a line you wont see for a while
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    Nothing wrong with having some gold in a portfolio.

    If it goes up in value, I make.

    If it goes down in value, I lose.

    My risk....and my return :)

    At least people don't sit at dinner parties and crow about how their gold has doubled in value since they double-glazed it.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    StiflersMom wrote: »
    Because few sane people actually believe it is a good idea to invest your life savings in an extremely volatile, non-sterling demoninated, zero-yield bearing shiny metal, and would rather put their hard earned cash into buying a home.
    A sense of balance is required.

    No sane person should chuck all their life savings into gold, or into a house for that matter.

    If you had bought gold in Autumn 2008, you would be able to turn it into a real profit now.

    That's real pound notes which you can spend on, oh I dunno...double glazing !
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    kabayiri wrote: »
    A sense of balance is required.

    No sane person should chuck all their life savings into gold, or into a house for that matter.

    Are you saying that 70% of the UK population are not sane as nearly all will have used their life savings when buying their first house icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    kabayiri wrote: »

    If you had bought gold in Autumn 2008, you would be able to turn it into a real profit now.

    That's real pound notes which you can spend on, oh I dunno...double glazing !

    If you spent it on builders shares you would have made even more (TW went down to less that 4p), there is just as much risk in gold as shares IMHO (Accept gold cant go bust:), but can lose value as well as gain).
  • nitr02007
    nitr02007 Posts: 327 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    StiflersMom wrote: »
    Because few sane people actually believe it is a good idea to invest your life savings in...

    Investing your life savings in any one thing is always a bad idea... always... but of course you know that.. right?

    I have physical gold and silver as part of my portfolio, as a hedge against currency devaluation and rising inflation rates.. and I'm sure inflation is running a lot higher than what TPTB are telling us.
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    StiflersMom wrote: »
    Try living in your gold bars
    I have a house for that.
    Stupid comment.
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