Gold anyone?

IronWolf

DiggerUK wrote: »

You will note Kendall80, that my valuations were for public companies. You can't get market cap figures for any other type of company. My totaliser was turned off when I got past $4 trillion.

I do indeed frequent the watering holes of gold bugs, and I can assure you that I have a vast amount of experience in dealing with their nonsense as well.
Very easily done when you consider they are all 31 grammes short of an ounce.
..._

I guess by your silence you concede to the rest then. Even excluding the oil figures you hate so much, you could buy all agricultural land in the USA and all the companies I named.

Or how about this list of companies, that you could buy for under $6tn and have $2tn left over

Apple
Exxon
Microsoft
Alibaba
Google
Berkshire
Johnson & Johnson
Wells Fargo
Wal-Mart
General Electric
Procter & Gamble
JPMorgan
Chevron
Verizon
Facebook,
Coca-Cola
Pfizer
AT&T
Oracle
Bank of America

The dividends alone will be at least in the region of $50-150 billion a year.

So tell me why owning a pile of shiny metal is better....a pretty small pile at that, forming a pathetic 20m cube.

Killerseven

So these are the official sizes of both the total available gold and silver globally. Even Jeff Christian admit that the cube of silver would be smaller than the gold one, they say the silver cube is about 18M and the gold cube about 23M.


But this is believing only 180K tons of gold have ever been mined in 6000 years, this number purely comes from Harry Oppenheimer of the DeBeers cartel and pretty much everyone who looks into this disagrees with the DeBeers cartel just as they disagree with their amount of diamonds that have ever been mined.

The silver cube of 18M also believes JPMorgan and their friends are storing 1 oz of silver for every one of their paper promises and derivatives. This is a phantom supply of silver that should not be included in the silver cube.

Consider that even if the cubes were the same size then there would be roughly half the number of ounces of silver as it roughly half the density of gold. So silver is far more rare even going by the official numbers.

In reality the silver cube is much smaller because it is getting used up and there is a draw down of global silver stockpiles.

The gold cube doesnt get drawndown it just gets larger every year. Timothy Green made this image the one on the left is the De Beers numbers of how much gold there is and the gold tower on the right is the one Timothy Green and most other gold experts like the gold standard institute say is nearer the truth.



The plain truth is that when you ask a gold bug why gold is valuable the number one reason they give is because it is rare. Well this applies to silver far more than to gold now after 6000 years of gold stockpiles getting larger and larger.

As time goes on the amount of gold available for investors to buy is going up and the amount of available silver for investors to buy is decreasing.

planteria

can't see the image, Killerseven
but interesting post..
i have never believed the 'gold cube' idea...no way can that be right. all that jewellery and watches would squash into a very large cube imo:)
but, the demand for gold will continue to grow, i believe..

atush

Ok, so I dont hate Gold. I own some. Both jewelry and a few coins (generally gifts) and a holding via my broker.

But here's the thing. I bought what I bought when no one else was buying. If you are talking about it and Digger and others can bear to post after telling everyone to buy when the price was high, I rest my case.

Still too popular for me to buy more. I am not even asking for jewelry for xmas.

Kendall80

atush wrote: »

Ok, so I dont hate Gold. I own some. Both jewelry and a few coins (generally gifts) and a holding via my broker.

But here's the thing. I bought what I bought when no one else was buying. If you are talking about it and Digger and others can bear to post after telling everyone to buy when the price was high, I rest my case.

Still too popular for me to buy more. I am not even asking for jewelry for xmas.

Looking at long term trends its still relatively high so yes im not buying any in isolation. It is however a 12.5% component of my global resources fund which has experienced a pleasant 10% bounce this past week.

atush

So rejoice with that maybe?

For me, I only buy gold when I want some (to wear etc) or the price is low on long term trends. AS it doesn't give income so waiting for it to turn around doesn't pay.