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  #101  
Old 29.08.2011, 22:42
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Re: Should I buy gold or should I buy land?

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What happens if someone finds a massive deposit of gold that can be economically mined?
I believe that was what happened before Gold was the safety. I think it used to be some gem stone and then suddenly a huge amount was found in South America and it became worthless.
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  #102  
Old 29.08.2011, 22:45
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Re: Should I buy gold or should I buy land?

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When gold was below $1000 Warren Buffet said that you could own all the gold in the world or for the same price you could own all the Farm land in the US, 10 x Exxon Mobil's & have a trillion $ of cash left over.
Well all the money the US has ever created is a shade under $60 trillion (its been shrinking for the last 3 years) so that would mean that under the reserve banking gold system (leverage of 10:1 per ounce of gold) the fair value of gold is about $600 per ounce as the total sum of gold backed currency would be $6,000 per ounce.

If you adjust gold for inflation going back 1000 years its off the charts. But it will go higher against many currencies. Fear is more important than the stats.
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  #103  
Old 29.08.2011, 22:46
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Re: Should I buy gold or should I buy land?

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What happens if someone finds a massive deposit of gold that can be economically mined?
The price will fall & I will win several bets I have with 'Bulls' who have never made an investment before in their lives!
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  #104  
Old 29.08.2011, 22:49
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Re: Should I buy gold or should I buy land?

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Discuss
It's a generational bull market in gold, guns, and water. if you buy land, make sure you have enough solar or wind to electrify the fence.

Oh, wait - that was so Q109.

One thing to mull, in many ways gold has benefitted far more from the fear of deflation than inflation, which is not necessarily good for land.

In any case, find something to buy that is harder to replicate than bank notes.
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  #105  
Old 29.08.2011, 22:51
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Re: Should I buy gold or should I buy land?

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I believe that was what happened before Gold was the safety. I think it used to be some gem stone and then suddenly a huge amount was found in South America and it became worthless.
um, no, not really. gold is fiat just like currencies are fiat; but it is in strictly more limited, but by no means fixed, supply. and the above ground stock is orders of magnitude larger than any incremental flow, so that can't be right.
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  #106  
Old 30.08.2011, 11:31
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Re: Should I buy gold or should I buy land?

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um, no, not really. gold is fiat just like currencies are fiat; but it is in strictly more limited, but by no means fixed, supply. and the above ground stock is orders of magnitude larger than any incremental flow, so that can't be right.
According to the Telegraph investment in gold funds that buy gold related shares was this year gave not so good a return as direct investment in the metal.
Quote "While the price of gold has climbed by 41pc over the past year, Britain's most popular gold fund, BlackRock Gold & General, has risen by just 13pc "
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  #107  
Old 30.08.2011, 11:38
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Re: Should I buy gold or should I buy land?

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Well all the money the US has ever created is a shade under $60 trillion (its been shrinking for the last 3 years) so that would mean that under the reserve banking gold system (leverage of 10:1 per ounce of gold) the fair value of gold is about $600 per ounce as the total sum of gold backed currency would be $6,000 per ounce.

If you adjust gold for inflation going back 1000 years its off the charts. But it will go higher against many currencies. Fear is more important than the stats.
Why would US$ be the only currency to be used to calculate the fair value of gold.
So if you decide that total worldwide currency is 3 times the US then the fair value would be $1,800 per oz.
Of course if you choose other ratios like 2 or 10 then the fair value would be rather different.....
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  #108  
Old 30.08.2011, 18:52
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Re: Should I buy gold or should I buy land?

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According to the Telegraph investment in gold funds that buy gold related shares was this year gave not so good a return as direct investment in the metal.
Quote "While the price of gold has climbed by 41pc over the past year, Britain's most popular gold fund, BlackRock Gold & General, has risen by just 13pc "
And when you ask for your capital back later, will the actual cash be available. That is the worry in the future and hence so many opting for Gold.
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  #109  
Old 30.08.2011, 18:56
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Re: Should I buy gold or should I buy land?

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According to the Telegraph investment in gold funds that buy gold related shares was this year gave not so good a return as direct investment in the metal.
Quote "While the price of gold has climbed by 41pc over the past year, Britain's most popular gold fund, BlackRock Gold & General, has risen by just 13pc "
Thats because gold funds have mining stocks as well as metal, if gold really does take off those mining stocks are geared so will be far more profitable than holding gold.

The poor performance of mining stocks indicates that the future price of gold is down & not up.
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  #110  
Old 30.08.2011, 21:01
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Re: Should I buy gold or should I buy land?

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According to the Telegraph investment in gold funds that buy gold related shares was this year gave not so good a return as direct investment in the metal.
Quote "While the price of gold has climbed by 41pc over the past year, Britain's most popular gold fund, BlackRock Gold & General, has risen by just 13pc "

I don't understand pc is that per contact or per contract?

When I compare it to others quoting pc 13 pc still looks good. What does pc mean?
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  #111  
Old 30.08.2011, 21:18
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Re: Should I buy gold or should I buy land?

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I don't understand pc is that per contact or per contract?

When I compare it to others quoting pc 13 pc still looks good. What does pc mean?
percent %
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  #112  
Old 30.08.2011, 21:22
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Re: Should I buy gold or should I buy land?

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percent %
13% still sounds good to me- where could you earn more?
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  #113  
Old 30.08.2011, 21:23
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Re: Should I buy gold or should I buy land?

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13% still sounds good to me- where could you earn more?
Stock market
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  #114  
Old 30.08.2011, 21:34
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Re: Should I buy gold or should I buy land?

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Stock market
So that's why people play the stock market and my son loved it so much, It's like gambling to me, I can't do it. I like sure things, and never putting all my eggs in one basket. The only good thing in the USA at present seems like Roth IRAs.
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