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  #41  
Old 25.08.2011, 11:02
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Re: Should I buy gold or should I buy land?

I heard on the News that Gold prices could fall in the long term as a direct result of the current high price.

Because the price is high, some mines that were closed as uneconomic may reopen as it becomes more viable to work them. The increase in supply would eventually push the price down.
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Old 25.08.2011, 11:03
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Re: Should I buy gold or should I buy land?

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LAND
Land needs maintaining unless you use it or rent it to a farmer (get little return though).
The market for renting out land is still better than the market for renting out gold.
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  #43  
Old 25.08.2011, 11:13
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Re: Should I buy gold or should I buy land?

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Most countries restrict sale of agricultural land for exactly that reason. Very difficult to invest in as a foreigner, but you can invest in food.
Or you can invest in the companies that own and manage the land.
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  #44  
Old 25.08.2011, 11:17
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Re: Should I buy gold or should I buy land?

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Well it's off 5.25% today and is hugely overpriced. The share price of gold mining stocks has not been rising indicating to me that gold will not be above $850 for long.
The markets are showing a slight recovery and that probably means people are selling their gold and putting the money back into stocks.

If you'd have done the same last Friday you'd be 10% percent ahead of them today.

But it's too early to assume that this recovery is more than a blip. Think long term and avoid knee-jerk reactions.
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  #45  
Old 25.08.2011, 11:45
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The share price of gold mining stocks indicates that the price of gold won't stay above $850 for long. If it does they can increase mining capacity until it falls back to 850
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  #46  
Old 25.08.2011, 14:10
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Re: Should I buy gold or should I buy land?

-Buy gold
-Sell gold to buy land
-Sell land to Monsanto
-Buy grain from huge Monsanto profit
-Make beer
-Sell & drink beer with us

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  #47  
Old 25.08.2011, 14:24
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Re: Should I buy gold or should I buy land?

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-Buy gold
-Sell gold to buy land
-Sell land to Monsanto
-Buy grain from huge Monsanto profit
-Make beer
-Sell & drink beer with us

Beer from Monsanto GMO??? I'll take a beer/Gold combo instead thanks.

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  #48  
Old 25.08.2011, 14:30
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Re: Should I buy gold or should I buy land?

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Every currency on the planet has failed and people have always gone back to gold - but at almost $2,000 per ounce, not sure if the value will hold up & for how long.

Investing in food might be wiser - wheat, corn, etc is skyrocketing and we'll be facing worldwide food shortages possibly in our lifetime.

Or, you can just invest in CHF
If you are going to invest in corn or wheat I would say look towards purchasing farmland. It's something some have been purchasing for awhile as an invest commodity play, and it's also the reason why the stuff is quite expensive at the moment. You have to do alot of research though, and forget about auctions as neighboring farmers are always on the lookout. Better to just make a long term decision and what the value of it will be in the future, and make an offer. Unless of course you can find a deal out there that's listed.
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  #49  
Old 25.08.2011, 14:37
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Re: Should I buy gold or should I buy land?

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Beer from Monsanto GMO??? I'll take a beer/Gold combo instead thanks.
Beer from the profit. Organic all the way if possible but evil Monsanto is trying to own all the grain in the world so now we have to fight that too.
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  #50  
Old 25.08.2011, 15:13
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Re: Should I buy gold or should I buy land?

May I recommend Terry Pratchett's excellent book "Making Money" for some humorous insights into the gold standard.
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  #51  
Old 25.08.2011, 15:14
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Re: Should I buy gold or should I buy land?

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May I recommend Terry Pratchett's excellent book "Making Money" for some humorous insights into the gold standard.
Until we read it, care to share a couple with us here?
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  #52  
Old 25.08.2011, 15:28
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Re: Should I buy gold or should I buy land?

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Until we read it, care to share a couple with us here?
I suppose it's difficult to give a summary of or relate highlights from a book that is essentially funny in its own context and when read from cover to cover. But one of the highlights for me was the scene where Pucci (one of the proponents of old-style banking based on the gold standard) holds up one of the new paper dollar bills and asks whether anybody honestly believes that it is worth a dollar. And then to test them asks if anybody will give her a dollar in gold for it. Assuming she has made a point, and that nobody will take her up on it, she is taken by surprise when mad bidding ensues and the price offered rapidly escalates to 20 gold dollars for the paper dollar bill. The scene is obviously supposed to be funny on the surface but it has a deeper meaning that is very true.
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  #53  
Old 25.08.2011, 15:34
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Re: Should I buy gold or should I buy land?

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I don't know if this was supposed to be a serious discussion.

GOLD
Gold fell a bit yesterday but it will go up and some of my justification would be as follows:
1) There will be further financial turmoil. Greece will not be bailed out and will go bust and other countries in the EC will follow such as Italy and Spain etc.
2) There will be more demand for Gold from Chinese citizens as they have only been able to buy Gold for the last year and will revert to Gold instead of property when thy realise that Chinese property is a bubble to burst.
3) With Switzerland making arrangements with Germany and the UK Inland Revenue to deduct 19% to 34% of the balance on the accounts of UK residents, it makes more sense to keep your monies in Gold in a safe deposit box.

I appreciate those reasons lead people to conclude that gold is a good short-term investment (as in 1-2year). However, unless capitalism actually collapses and we all decide gold is the new currency it's hard to see how it's a good long term investment.

Ultimately I have to conclude that Gold's currency price is largely due to panic. Everyone has a different outlook on this, but I couldn't bring myself to invest in a market whose fundamental is panic.
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Old 25.08.2011, 15:44
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Re: Should I buy gold or should I buy land?

Diversification is key. Consider putting at least 10% of your assets into physical gold bullion both for both insurance and investments purposes. Gold still has a long way to run.


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  #55  
Old 25.08.2011, 15:53
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Re: Should I buy gold or should I buy land?

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I don't know if this was supposed to be a serious discussion.

GOLD
Gold fell a bit yesterday but it will go up and some of my justification would be as follows:
1) There will be further financial turmoil. Greece will not be bailed out and will go bust and other countries in the EC will follow such as Italy and Spain etc.
2) There will be more demand for Gold from Chinese citizens as they have only been able to buy Gold for the last year and will revert to Gold instead of property when thy realise that Chinese property is a bubble to burst.
3) With Switzerland making arrangements with Germany and the UK Inland Revenue to deduct 19% to 34% of the balance on the accounts of UK residents, it makes more sense to keep your monies in Gold in a safe deposit box.

LAND
Land needs maintaining unless you use it or rent it to a farmer (get little return though).
Governments will need to get tax from somewhere and as fewer people work and those that do work earn less means tax on income will fall. Governments will therefore be looking for tax on capital and therefore taxing land owners will be easy. Undisclosed Gold is therefore safer against tax.


Indians are loving their gold just now as well
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  #56  
Old 25.08.2011, 16:52
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Diversification is key. Consider putting at least 10% of your assets into physical gold bullion both for both insurance and investments purposes. Gold still has a long way to run.


Diversification is for people who don't want to make a decision, just invest in the best company's you can find, diversification & playing safe is why the majority of investment funds under perform the already diversified Market .
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  #57  
Old 25.08.2011, 16:58
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Re: Should I buy gold or should I buy land?

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The share price of gold mining stocks indicates that the price of gold won't stay above $850 for long. If it does they can increase mining capacity until it falls back to 850
Of course you cannot switch on an old gold mine like a light in a disused room. It is a big cash & time investment before you start mining again so you need to be sure the gold price will stay.

At the moment the worldwide gold production is around the highest level ever & most major companies have announced plans to increase production.

Currently there exists in the world around 160,000 tons of gold & they dig up around 2,500 tons per year - so even if they could double production (probably an impossible goal) it would not make much of an impact on the price.

I was trying to find a report from the World Gold Council that stated there was little relation between gold price & production/supply - but then they would say that wouldn't they
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  #58  
Old 25.08.2011, 17:12
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Re: Should I buy gold or should I buy land?

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Yeah we know you got an iPad .
P.S You shouldn't let the battery run so low, its not good for the Lithium-chemistry
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  #59  
Old 25.08.2011, 17:14
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Re: Should I buy gold or should I buy land?

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I appreciate those reasons lead people to conclude that gold is a good short-term investment (as in 1-2year). However, unless capitalism actually collapses and we all decide gold is the new currency it's hard to see how it's a good long term investment.

Ultimately I have to conclude that Gold's currency price is largely due to panic. Everyone has a different outlook on this, but I couldn't bring myself to invest in a market whose fundamental is panic.
gold is primarily a vehicle for capital preservation in the face of currency devaluation. any gbp holders who have seen their savings halve vs chf can appreciate this. once the economic outlook stabilses, then people will be happy to move out from gold and back into interest bearing fiat currencies.
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Old 25.08.2011, 18:07
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Re: Should I buy gold or should I buy land?

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Indians are loving their gold just now as well
Though I do question the wisdom of buying jewellery. You pay for the workmanship as well as the material so the price you pay is well above the bullion/scrap value, whereas the only guaranteed resale value you ever have is the scrap value (the largest part of all gold jewellery being utter kitsch and of no artistic merit whatsoever). Doesn't sound like a clever investement to me. If you must buy physical gold, buy bullion, buy scrap or buy coins.
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