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

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Comments

  • paulfelce
    paulfelce Posts: 132 Forumite
    Part of the Furniture Combo Breaker
    Buy the world's biggest turnip and live in that.


    Baldrick
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    StiflersMom wrote: »
    ...... non-sterling demoninated .....

    Gold is above paper denomination, it is international currency, accepted everywhere.
    Far superior to all paper money, and totally safe.
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    StiflersMom wrote: »
    ...... If gold trinkets fall out of fashion, they become worthless......

    Gold will never be worthless, tell me a time in history when it has been worthless.
    You will never hold a piece of worthless gold in your hand.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DiggerUK wrote: »
    Gold will never be worthless, tell me a time in history when it has been worthless.
    You will never hold a piece of worthless gold in your hand.

    Perhaps mainly pointless should be the phrase.
    '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
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    Perhaps mainly pointless should be the phrase.

    That is not a debating point, it's just tosh.
    Holding shares in Woolworths, Bradford and Bingley and Northern Rock is pointless.
    If all you have against gold is blind prejudice then rational comment is impossible. Same as with any prejudiced point of view.
    The bottom line security with gold, is that it will never be worthless.
  • purch
    purch Posts: 9,865 Forumite
    The bottom line security with gold, is that it will never be worthless

    Yes, but it might be worth LESS than it is today :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    purch wrote: »
    Yes, but it might be worth LESS than it is today :eek:

    That is a valid debating point, wrong, but still a valid comment.

    Given the history of the price of gold over the periods that it has been recorded, it has not been the case that it has trended down over time, but has indeed trended up.

    Paper on the other hand, has only ever trended one way.

    Lunch, be back later.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    DiggerUK wrote: »
    That is not a debating point, it's just tosh.
    Holding shares in Woolworths, Bradford and Bingley and Northern Rock is pointless.
    If all you have against gold is blind prejudice then rational comment is impossible. Same as with any prejudiced point of view.
    The bottom line security with gold, is that it will never be worthless.

    When the great Armegeddon is upon us I would suggest you have more security with a gun (and perhaps a map of where all the squirrelers are to be found).
    '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
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    edited 5 March 2010 at 12:30PM
    DiggerUK wrote: »
    Lunch, be back later.
    Gordo Gekko said lunch is for wimps :eek:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    DiggerUK wrote: »
    That is a valid debating point, wrong, but still a valid comment.

    Given the history of the price of gold over the periods that it has been recorded, it has not been the case that it has trended down over time, but has indeed trended up.

    You mean long term, like house prices. I get ya;)
This discussion has been closed.
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