Thinking of buying gold bars !!

sabretoothtigger

Setting a nominal price for gold is not an accurate way to gauge its progress. Since dollars are actively diluted over time this is inaccurate and does not match progression of events relating to central bank demand for gold anyway

I do agree there are better things to hold but its not always clear which and the case for gold is consistency.
I do expect a price fall at some point because some only bought due to debt ceiling doubts but its unlikely any of the news will actually force USA to improve dollar fundamentals. If anything I expect the Fed to worsen dollar again regardless of politics

jimjames

pinkoo wrote: »

I don't underatand why the gold is more and more expensive.Many people invest it.such as my grandmother.maybe it is agood choice at this moment

I'd say that was exactly the reason why it is not a good time to buy! Remember the saying that time to sell is when your shoeshine boy gives you share tips!

Asset bubbles have been happening for hundreds of years. Google "south sea bubble" or "tulip bubble" and you'll see how human reaction to prices rising is nothing new.

DiggerUK

buddy143 wrote: »

.......Whats the difference between Pamp, Valcambi, Umicore, Emirates 100g gold bars ??......

Nothing.
Gold, is gold, is gold. Let price be your only guide.

Vortigern

SergeyLEM wrote: »

Give me link for this article, pls!

Here you are but note that linked article is date October 2007

Is Google not working for you??

lvader

DiggerUK wrote: »

Nothing.
Gold, is gold, is gold. Let price be your only guide.

It might make more of a difference to a private buyer, I'd rather have something well presented with a serial number. A dealer is just going to pay you for the weight.

sabretoothtigger

jimjames wrote: »

I'd say that was exactly the reason why it is not a good time to buy! Remember the saying that time to sell is when your shoeshine boy gives you share tips!

Asset bubbles have been happening for hundreds of years. Google "south sea bubble" or "tulip bubble" and you'll see how human reaction to prices rising is nothing new.

Did you just call his grandmother a shoe shine boy :eek:
:rotfl:


The modern day equivalent would be when the gold adverts on tv switch from sell to buy.
So if we get on mainstream tv an advert for investment coins. Avoid inflation, buy gold. Get yours now, limited stock, etc


Your right about bubbles and thats just human nature. The herd effect, its instinctive to match or even compete similarly with what others do.
So with any luck gold will get far too much of a premium at some point and hopefully it will be possible to recognise.
I imagine alot of fear will exist at that point, fear of selling gold. That'd be quite a change



more contrarian examination from 1979 republished March 2009:
http://www.businessweek.com/investor/content/mar2009/pi20090310_263462.htm





Also an old commodity guy speaks about 1982 etc,


[url][/url]
The Arrogance Of Investing In Gold

bobbi_o

Ark_Welder wrote: »

Any facts to back up your statements and figures?




Official debt numbers (currently £900bn, or 60 per cent of GDP) do not convey anything like the whole picture. Unfunded public sector pension commitments and obligations under PFI contracts add £1.35 trillion, taking the debt figure to £2.5 trillion or 167 per cent of GDP. The potential costs of financial sector intervention add a further £1.3 trillion. The grand total comes to £135,000 of public debt for every household. Now add private debts such as mortgages and consumer credit, and the total rises to £5 trillion, or 340 per cent of GDP

Ark_Welder

bobbi_o wrote: »

Official debt numbers (currently £900bn, or 60 per cent of GDP) do not convey anything like the whole picture. Unfunded public sector pension commitments and obligations under PFI contracts add £1.35 trillion, taking the debt figure to £2.5 trillion or 167 per cent of GDP. The potential costs of financial sector intervention add a further £1.3 trillion. The grand total comes to £135,000 of public debt for every household. Now add private debts such as mortgages and consumer credit, and the total rises to £5 trillion, or 340 per cent of GDP

In other words, you are adding up irrelevant figures - including 'potential' debt (without supporting evidence as to either the amount or its relevance) - to make a number. The link in my previous post will give you a better idea of the actual numbers - and why certain items, e.g. pensions and PFI , should not be included (namely, they may be due for payment over a period of time at some point in the future, but they are not [edit] debts here and now).

I assume that you think that the banking system will never pay anything back for their rescues? Try this: http://uk.reuters.com/article/2011/03/31/uk-northernrock-idUKTRE72U1IJ20110331

Jegersmart

Please also bear in mind the not insignificant currency risk you are taking on if USD is not your "native" currency.....

sabretoothtigger

The risk is that sterling will be a strong currency, stronger then dollars or gold meaning you do not gain from gold.

The main argument is still that dollars as a world currency will be less useful and gold will be more useful and therefore in demand.

The uk runs a deficit so not much risk imo