Sell Apple stocks now? Or wait?

Fiftyshades

grey_gym_sock wrote: »

storage is an issue, i agree.

they're not too old too eat after 10 years. tinned food basically keeps for ever. pay no attention to the "use by" date.

i am perfectly serious in suggesting that tinned food has similar investment properties to gold. neither produces an income. both have inherent protection against inflation. if you look beyond the short term ups and downs (which could make you win or lose - who knows?), neither is likely to appreciate in real value. 1 difference is that there is a more developed secondary market in gold. i'm not sure which is more volatile (in price ). neither is a sensible investment for more than a tiny percentage of a portfolio.

Not sure if you are being serious or not, I will assume you are.

Assuming I sold all of my Apple stock and found a supplier who I could buy around ten grands worth of tins of food, how or where would I sell it when I wanted to?

Could I count a shed full of beans as an asset when trying to get a good mortgage deal?

I don't agree that tins last forever, though you may be right they last a lot longer than the date stamped on them. But that is if the seal stays intact and they do not rust. But they are subject to decay, even in the short term a buyer would prefer to buy a new batch over an old batch. I expect an old batch would be worth very little and very hard to find a buyer for.

If you were joking all along then I will feel very silly now for taking you seriously.

grey_gym_sock

some fair points there.

i doubt if owning either beans or gold would help when applying for mortgage.

i'm not seriously suggesting investing in beans. i am seriously suggesting that gold is almost as bad an investment as gold.

gadgetmind

My gold exposure is via Personal Assets and Ruffer, which is plenty enough for me.

Fiftyshades

grey_gym_sock wrote: »

some fair points there.

i doubt if owning either beans or gold would help when applying for mortgage.
.

Gold is now a teir 1 asset. This means it can be used to borrow funds against, but you have to let the bank hold on to it, and if you don't pay it all back, you don't get all your gold back. But you would get a much better deal than an unsecured loan.

Fiftyshades

gadgetmind wrote: »

My gold exposure is via Personal Assets and Ruffer, which is plenty enough for me.

Please forgive me but I do not understand any of that.

Do you mean by personal assets you have taken delivery of the bullion yourself? What is Ruffer, a mining stock?

What percentage of your portfolio have you put into gold bullion, and what percentage into paper gold investments?

gadgetmind

Fiftyshades wrote: »

Do you mean by personal assets you have taken delivery of the bullion yourself? What is Ruffer, a mining stock?

Personal Assets Trust (ticker PNL) and Ruffer Investment Company (ticker RICA) and multi-asset investment trusts that both have a wealth preservation mandate. PNL is usually a tad more bearish than Ruffer but there's not too much in it.

Reading some of their investment reviews will give you a flavour.

http://www.ruffer.co.uk/#ruffer/who-we-are/latest-investment-review

I have no significant holdings of gold other than via those two ITs.

gadgetmind

Fiftyshades wrote: »

Gold is now a teir 1 asset.

Really? I know there was talk of this but haven't seen anything about it actually happening.

Fiftyshades

gadgetmind wrote: »

Really? I know there was talk of this but haven't seen anything about it actually happening.

Starting next year. It makes sense since central banks have starting all buying it instead of selling.

gadgetmind wrote: »

Personal Assets Trust (ticker PNL) and Ruffer Investment Company (ticker RICA) and multi-asset investment trusts that both have a wealth preservation mandate. PNL is usually a tad more bearish than Ruffer but there's not too much in it.

Reading some of their investment reviews will give you a flavour.

http://www.ruffer.co.uk/#ruffer/who-we-are/latest-investment-review

I have no significant holdings of gold other than via those two ITs.

So you have no gold just paper?

Voyager2002

Getting back to Apple...

Here (link below) is a story from an English-language Chinese newspaper that should make anyone think twice before sinking their entire fortune into Apple:

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20120830000120

Fiftyshades

Voyager2002 wrote: »

Getting back to Apple...

Here (link below) is a story from an English-language Chinese newspaper that should make anyone think twice before sinking their entire fortune into Apple:

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20120830000120

"Apple's iPhone ranks seventh in the Chinese smartphone market according to a survey published by IHS iSuppli, a market research firm based in the United States.

Now behind Samsung, Nokia, Lenovo, Coolpad, Huawei and ZTE,"

Even behind ZTE, just shows the Iphone is going downhill in the most important market in the world.