When is cash King'?

bendix

purch wrote: »

Can you add some input to some of the Silver threads.

They need a bit of common sense knocked into them :eek:

I don't have the energy purch. It's like reasoning with a Scientologist . . they're too wrapped up in their dogma.

greenface

datostar wrote: »

That wouldn't be a saving on VAT, would it?

I call it saving CASH for two reasons really as you asked. I wouldnt be able to claim the V.A.T back and as the decking had a ramp and will be used by a wheelchair user they (a company)applied for vat exempt only to be refused. But by paying cash and haggling down i saved over 25% off the original price.

De1amo didnt realise you were the OP you seemed to have turned more corners than !!!!!! Dastardly.

de1amo

By the question---WHEN is cash king? suggests i do not know the answer--i am asking a question!!-

TomMK

de1amo wrote: »

By the question---WHEN is cash king? suggests i do not know the answer--i am asking a question!!-

1) In times of deflation;

2) In times of low inflation and strong interest rates;

3) Right before you want to buy something.

de1amo

thanks--a straight forward answer!--
-1) we certainly arent deflating(unless it includes house prices and rents)-
2) neither low inflation nor strong interest rates-
-3)watching gold for window of opportunity--it seems to be falling over the past 24hours but i see it as a long term bet to the devaluation of cash ie to buy something.-

2010

Of course cash is king and will always be.
You can`t take a gold/silver bar into Asda to pay for your shopping.

The time to have bought gold (if it`s possible without getting ripped off on price and charges) was when Brown the clown sold it off at $250 an ounce not when it`s $1400 like now.

jamesd

Cash is king when others don't have enough to do what they could do if they had it. That includes:

1, Buying dirt cheap investments in early 2009 and grinning madly as they rose dramatically in value.
2. Buying property during a property value drop and smiling as you gain long term.
3. Paying your mortgage instead of having your home repossessed. Not living on benefits because you have money to live better even while unemployed or in forced retirement.

Cash isn't king when:

4. It's used to buy investments at high prices, during booms, that will then drop in value during the following bust. Buy low, not high, if you don't want to throw away your cash.

greenface

de1amo wrote: »

thanks--a straight forward OPINION!--
-1) we certainly arent deflating(unless it includes house prices and rents)-
2) neither low inflation nor strong interest rates-
-3)watching gold for window of opportunity--it seems to be falling over the past 24hours but i see it as a long term bet to the devaluation of cash ie to buy something.-

just an opinion and a good one at that.Cash is king when you have it spare to enhance your or others lifestyles (in my opinion);)

smeagold

2010 wrote: »

Of course cash is king and will always be.
You can`t take a gold/silver bar into Asda to pay for your shopping.

The time to have bought gold (if it`s possible without getting ripped off on price and charges) was when Brown the clown sold it off at $250 an ounce not when it`s $1400 like now.

admittedly asda don't take gold but a banknote from from a few hundred years ago is worth nothing (except collectors value) but a gold coin will 'buy' you roughly the same amount of goods now as then. food clothing , houses etc.

In roman times an oz bought a decent tunic and today will buy a decent suit. but....


"Paper money eventually returns to its intrinsic value -- zero." Voltaire

In a few years time when golds at $3k plus or more you'll wish you had. What will your tenner be worth then?

ffacoffipawb

bendix wrote: »

How on earth can cash be king when inflation is currently 3 times the average return you will get from cash?

Cash is king.

King Canute.