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Forget Gold: Shiny Stuff Outperformed By Garlic......
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Despite the lunatic ramblings of the gold bugs on here, there were many commodities that outperformed Gold's 24% rise in 2009.
To name a few....... cocoa (+25 per cent), palm oil (+53 per cent), cotton (+54 per cent), rubber (+102 per cent), orange juice (+107 per cent), zinc (+111 per cent), raw sugar (+127 per cent), lead (+145 per cent) and garlic (+300 per cent).
Yes, you would not have done as well in gold last year as in garlic, which outperformed gold by a factor of 12.
So how about 2010?
Silver, Copper and Tin have all had similar returns to Gold so far this year, in the high single digit range.
But the real stars have been far more mundane commodities.
Like Coal + 16% this year, Nickel + 33% this year, and Steel, up a whopping + 49% this year.
A store of wealth?
Hardly.....
Just another commodity, outperformed by many, and more useless and risky than most.;)
To name a few....... cocoa (+25 per cent), palm oil (+53 per cent), cotton (+54 per cent), rubber (+102 per cent), orange juice (+107 per cent), zinc (+111 per cent), raw sugar (+127 per cent), lead (+145 per cent) and garlic (+300 per cent).
Yes, you would not have done as well in gold last year as in garlic, which outperformed gold by a factor of 12.
So how about 2010?
Silver, Copper and Tin have all had similar returns to Gold so far this year, in the high single digit range.
But the real stars have been far more mundane commodities.
Like Coal + 16% this year, Nickel + 33% this year, and Steel, up a whopping + 49% this year.
A store of wealth?
Hardly.....
Just another commodity, outperformed by many, and more useless and risky than most.;)
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Don't think i'd get very far with plentiful cloves of garlic though.0
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Graham_Devon wrote: »Don't think i'd get very far with plentiful cloves of garlic though.
Ah but if you had a bike as well you might.
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Graham_Devon wrote: »Don't think i'd get very far with plentiful cloves of garlic though.
Certainly more useful than gold......
And if the !!!! really does hit the fan, and I mean really hits the fan, there are many, many things more useful and valuable than gold to have around.
Fuel of any kind, shotguns and ammunition, salt (in huge quantities, for preserving food), medicine stockpiles, painkillers, antibiotics, etc. Even dried food, seeds and access to agricultural lands and a fresh water supply.
In fact, in a post apocalypse world, gold and silver are utterly useless. You can't eat them, they have no utility value, and they won't keep you warm.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »And if the !!!! really does hit the fan, and I mean really hits the fan,
It certainly would with that amount of garlic
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I bet if the poop really did hit the fan salt and other natural preservatives would be worth more and be more practical to trade than gold.
It is fairly hard to take a bar of gold round with you and breaking chunks off.0 -
HAMISH_MCTAVISH wrote: »Despite the lunatic ramblings of the gold bugs on here, there were many commodities that outperformed Gold's 24% rise in 2009.
To name a few....... cocoa (+25 per cent), palm oil (+53 per cent), cotton (+54 per cent), rubber (+102 per cent), orange juice (+107 per cent), zinc (+111 per cent), raw sugar (+127 per cent), lead (+145 per cent) and garlic (+300 per cent).
I ask as a genuine question and not to take the p*ss. How would one go about investing in orange juice or garlic? Obviously you could do your research and invest in a company that manufactures or sells these items, but is there any type of futures or general market where you would invest in, or speculate on the price of, these things? I feel really, really stupid asking that question as my common sense says there isn't, but you seem to be able to invest and bet on anything nowadays.0 -
:rotfl:
A frenchman with some garlic got a better investment return last year than the goldbugs like Asheron and Lisbonlaura.
Absolutely priceless.:D“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »A frenchman with some garlic got a better investment return last year than the goldbugs like Asheron and Lisbonlaura.
Absolutely priceless.:D
And yet gold still outperformed a property in Aberdeen over the last year. That's priceless.
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does this mean that at other times you do take the p1ss?I ask as a genuine question and not to take the p*ss.
i'm disappointed in you cleaver - i thought better of you
you need to watch Trading Places again - it's a complete education in how to short orange juice on a trading exchangeHow would one go about investing in orange juice or garlic?0 -
And yet gold still outperformed a property in Aberdeen over the last year. That's priceless.
Not by much.....;)
And you can't live in the gold......“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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