Gold is not money (but it might be a good investment)

Generali

StevieJ wrote: »

Up late Gen

We're only 9 hours ahead at this time of year so not so bad. I've been watching the Tour so not sleeping until 2am most nights.

purch

I hope you're not studying economics. If you are you are clearly struggling and I would be happy to help if you PM me

...and Gen launches an attack, just as Housebear51 loses his chain :eek:

Generali

purch wrote: »

...and Gen launches an attack, just as Housebear51 loses his chain :eek:

I guess I was a little harsh on the poor chap. Sorry Housebear51.

http://www.youtube.com/watch?v=VzTZV0TYG-U

I am Tom Steels in this video, Housebear51 is Frederique Moncassin.

Harry_Powell

Bullfighter wrote: »

No, no, no and no.

I smell systemic change.

Then you're not hedging against anything, you're gambling on the hope that we'll have systemic failure and that Gold prices will rise. Traditional hedging would be to hold some Gold in order to hedge against your other investments, such as shares. If the economy does well then you gain from your share rises, if the economy does badly then your shares fall, but you've hedged your losses against a rising Gold price.

The strange thing is that when the balloon went up in 2007, everything crashed, including Gold.

Llubrevlis

Malcolm. wrote: »

I assume you've sold all your gold to 'cash4gold' then - help you meet your overdue mortgage repayments...

All these cash for gold and silver companies are falling over themselves to buy gold.

"EXCLUSIVE MAD MONSTER PRICES EXTENDED FOR ANOTHER 14 DAYS:
50% EXTRA FOR YOUR GOLD
+ A CHANCE TO WIN £500 IN CASH!

The Money Monster is offering the HIGHEST PRICES EVER for an extra 14 days.
Just look at the comparison table below:"

If they can pay 50% extra, what are they expecting the price of gold to go to?

Generali

Llubrevlis wrote: »

All these cash for gold and silver companies are falling over themselves to buy gold.

"EXCLUSIVE MAD MONSTER PRICES EXTENDED FOR ANOTHER 14 DAYS:
50% EXTRA FOR YOUR GOLD
+ A CHANCE TO WIN £500 IN CASH!

The Money Monster is offering the HIGHEST PRICES EVER for an extra 14 days.
Just look at the comparison table below:"

If they can pay 50% extra, what are they expecting the price of gold to go to?

50% more than what? It's just an advert.

nicko33

Llubrevlis wrote: »

If they can pay 50% extra, what are they expecting the price of gold to go to?

Isn't that just 50% more than the other rip-off merchants.

How much is everyone being ripped off if they can pay 50% extra?

Jonbvn

Llubrevlis wrote: »

If they can pay 50% extra, what are they expecting the price of gold to go to?

You use such adverts to substantiate your point? Next it will be Sun headlines/;)

phil_b_2

I was just thinking the other day, where have all the cash-4-gold etc adverts gone? I havnt seen one for several weeks, maybe months. So do they still think the Price of gold is going up, or down?