We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A must read if considering gold.
Comments
-
Gold, or corporate bonds (CB's), seem to be safe haven choices at the moment, I think CB's are pooh and overbought, a common criticism of gold.
Who is right?
You know the answer to that, don't you
The blogerati are beginning to witter on about bonds being the 'latest bubble' (probably the same ones saying gold was the latest bubble last week
) but anyway, I've watched my sovereigns for a while, and not one of them has gone bankrupt yet. That's a level of counter-party risk I can live with :beer: A man is rich in proportion to the number of things he can afford to let alone - Thoreau0 -
OK, before the mods step in, and as I started the thread, lets stay on topic.
Gold, or corporate bonds (CB's), seem to be safe haven choices at the moment, I think CB's are pooh and overbought, a common criticism of gold.
Who is right?
Or should portfolios have a tranche of gold 'exposure', as well as CB's.
Remind me. What income are those kruggs you have in your mattress paying?;)
Nice balanced article in the Gruaniad about Gold.
http://www.guardian.co.uk/money/2010/aug/26/gold-price-golden-goose-investorsIn case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
MacsReturns wrote: ».......The blogerati are beginning to witter on about bonds being the 'latest bubble' (probably the same ones saying gold was the latest bubble last week......
The reason savers are looking for safe havens is easy to understand, bog standard savings A/C's giving below inflation returns.
But now that yields on bonds are so low, it begs the question, what do those who seem to have done well out of CB's do now.
More to the point, why the hell is anybody thinking of going in to them now anyway!
The reason we began to move away out of 'equity' type savings from 2004 onwards, was because the amount we were putting in, compared to the return, was getting way to low.
The same is now happening with CB's, they are costing more and more, to earn less, and less.
It's just pointless, and if inflation moves on, the prices will have to come down, or who in their right mind will buy them with all the risk involved.
P.S., the term 'bubble' is misunderstood and way overused.0 -
As gold is still under 800 pounds an ounce, then still favourable for buyers. Sovereigns should be available for less than 200.
LBMA Friday 28/08/2010 fix.
http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings&show=2010&type=daily0 -
As gold is still under 800 pounds an ounce, then still favourable for buyers. Sovereigns should be available for less than 200.
LBMA Friday 28/08/2010 fix.
http://www.lbma.org.uk/pages/?page_id=53&title=gold_fixings&show=2010&type=daily
The big picture is gold has already blasted way past its previous high of $850 oz (not inflation adjusted) silver is no where near its high of $52 the same time 30 years ago. Now Gold is $1200 Silver is only $19 !!!!!
Its a no brainer which is the better investment.
James Turk says gold is started its stage 2 of this bull run when it blasted through $850. Silver wont start sage 2 until it blasts through $52.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/28_James_Turk.html0 -
What will happen when Gold suddenly lurches downwards? Rush into the street with a bar under your arms and try and sell it?Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
-
Could always rush into the street with a bar under your arm and slap people around the head until they give you their corporate bonds?"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz0
-
What will happen when Gold suddenly lurches downwards?
For most sensible investors, exactly the same as when stocks, shares, etc lurch downwards,
Nothing.
Gold should be treated as a long term investment, so a downward lurch should be viewed as a temporary drop.
How many people panic when the stock market falls only to see it creep up again later?0 -
Does anyone know any bullion dealers in Cologne?Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
-
The big picture is gold has already blasted way past its previous high of $850 oz (not inflation adjusted) silver is no where near its high of $52 the same time 30 years ago. Now Gold is $1200 Silver is only $19 !!!!!
Its a no brainer which is the better investment.
James Turk says gold is started its stage 2 of this bull run when it blasted through $850. Silver wont start sage 2 until it blasts through $52.
With such emotive prose, you must be a Sky journalist!;)
(or is that an oxymoron?)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:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards