Gold is pointless

System

Cash can grow at 5%, gold doesn't produce more of itself... Both are insurances and neither are really the growers of a portfolio. Gold value is more volatile than cash value...

The equities will grow with inflation as companies raise prices... Only hyperinflation is really a danger to them, and if global that shouldn't be a problem...

bowlhead99

Sounds like you have it all sussed. Good luck with your investments. You'll need it

masonic

mollycat wrote: »

Nearly "thanked" the OP.

Misread the thread title as "God is pointless".

The OP has started over 180 threads to date and I believe he does requests. Perhaps you'll get your opportunity to thank the OP in due course...

Keep_pedalling

MatthewAinsworth wrote: »

Are some isotopes of gold more valuable i wonder?

There is only one stable isotope of gold. Radioactive gold isotopes all have very short half lives, so if you did have a more valuable isotope, it would soon decay to stable gold, and would therefore be a very bad investment.

bigadaj

I think the OP might be Tim mcinernny or at least a character played by him.....unless he's tony Robinson of course.

System

I have a cunning plan involving digging up people's gardens for time team...

Like if Mr bobby was the banker on deal or no deal...

Pincher

When you are on the run as a refugee, having bits of gold really helps.

Post Apocalypse, I expect gold will be most acceptable for rebuilding trade.

In the TV series Revolution, they were using diamonds, which I thought was not very practical.

JamesCR

I used to be convinced that hyperinflation was coming so the vast majority of my savings are in gold/silver (i'm talking a couple of k, not a huge amount). I have no intention of selling my metal as no one seems to have any idea whether we have inflation or deflation coming. Some like Harry Dent think we have massive deflation coming and although that was completely at odds with what I believed it's hard to disagree with him when you see credit card companies offering 0% balance transfers for record amounts of time and the lowest 5 year mortgage rate ever.

I think we'll probably get neither extreme and we'll keep going very much like it is now so i'm going to balance out my savings with easily accessible cash. If I was advising someone else i'd say have 10% of your net worth (excluding your home) in gold. I think quality starter home real estate is a good bet if you're looking for cash flow. If we get hyperinflation you have hard assets. If we get inflation you can raise rents. If we get deflation you keep receiving cash each month although you might need to lower rents a bit to attract a tenant.

economic

hyperinflation in the uk is pretty much near 0 chance.

i wouldnt put more then a couple of percent of my ent worth in gold. i have a 5-10k limit on single stocks. why should i have more then this in gold? gold performs badly long term vs stocks and real estate. it doesnt yield and so is very speculative.

ian-d

Malthusian wrote: »

Me neither. If any of these survivalists were serious they'd be spending their money on krav maga lessons, not gold. But buying gold doesn't give you bruises or make you sweat.

You could always throw the gold at them; that might work.