Gold

[dulwichgirl2]

Why do people buy gold. Is it:

1. Its value as jewellery? Partly

2. Its value for industrial purposes? Partly

3. Its ability to generate cash flow? Nope.

4. Its ability to be moved around and to hold value in times of trouble? Mostly but why?! It is totally circular and dependent on everyone thinking this way.

Surely the gold bubble is the biggest ever? At least people can live in sw7 candy and candy 10mm flats. They have a rental yield. What does gold have? I think it is the biggest con ever.

[maxxi]

It's shiny.

Bury it for 1000 years

dig it up

it's still shiny!

[dulwichgirl2]

Err thanks maxxi.

[Jeremy]

You've answered your own question. It is effectively treated as a currency. Yes the substance itself doesn't have a lot of use, but so what? Neither does paper money.

[El Pibe]

4/10

[woodrot]

Im long Amalgamated Spats Corp & Consolidated Zeppelin inc - gold is for losers

[annabel42]

About 3 years ago you could buy a 1oz gold bar for approximately ?240. Yesterday's price for a 1 oz gold bar was ?1106,74.

Many gold buyers are not losers! And are still buying, even at today's prices.

[Huguenot]

"Surely the gold bubble is the biggest ever? At least people can live in ....flats. They have a rental yield."

This is more estate agent trolling isn't it?

If people get out of gold now, will they "get in on the upswing"?

Perhaps they can get it on buy-to-let and fraudulently borrow 500k that they can't afford from rip-off bankers and get this "rental yield" of which you speak by fleecing first time buyers?

Perhaps they should all rush out and speak to their "Sol"

[????]

Still at least that economic genius saver of the world's econony Mr Gordon Brown didn't sell off our gold reserves, (against treasury advice) when it was about $100/oz. oh no. Fook me that idiot did more damage to our economy than the Luftwaffe.

[annabel42]

Generally speaking, weak economy, stock market, wars etc = increase in gold price. Weak economy etc etc = problems in property market.

[woodrot]

???? Wrote:

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> Still at least that economic genius saver of the

> world's econony Mr Gordon Brown didn't sell off

> our gold reserves, (against treasury advice) when

> it was about $100/oz. oh no. Fook me that idiot

> did more damage to our economy than the Luftwaffe.

incorrect

It was sold between 250-300 troy oz

Gold was costing more to store & insure than the best possible lease rate at that time.Transport of gold was crippling - even Rothschilds began wind down its Precious metals business due to the inability to make money at the time.

The funds realised were moved into a wider range of currencies to create a basket whereby risk could be more accurately managed in response to global economic events.In risk management terms, it is bad practice to try to build in every possible scenario, rather the ones that ar proportionatly more likely to happen wiv yer fat tails.

better to be stuck with a basket of tradeable soverign currency that a cellar full of gold

Anyway, You cant make a meal out of a pile Deutschemarks or a kilo of gold at the end of the day

[ibilly99]

You can buy gold ETF's if you want paper exposure to physical at www.selftrade.co.uk .

[maxxi]

ibilly99 Wrote:

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> You can buy gold ETF's if you want paper exposure

> to physical at www.selftrade.co.uk .

The perfect hedge against inflation (Zeppelins excepted)- go on , pull my goldfinger...

[Annette Curtain]

Did you know you can buy a 24 carat Gold Dildo with a (real dyed pink) fox fur tail on the end

Now, how does that stack up against a 2 bed flat yield ?

Nette:-S

[maxxi]

Annette Curtain Wrote:

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> Did you know you can buy a 24 carat Gold Dildo

> with a (real dyed pink) fox fur tail on the end

>

> Now, how does that stack up against a 2 bed flat

> yield ?

>

>

> Nette:-S

How does it perform on the upswing?

[Salsaboy]

Where?

Annette Curtain Wrote:

-------------------------------------------------------

> Did you know you can buy a 24 carat Gold Dildo

> with a (real dyed pink) fox fur tail on the end

>

> Now, how does that stack up against a 2 bed flat

> yield ?

>

>

> Nette:-S

[Annette Curtain]

Here's the basic Crystal Version

( not available from Swarovski just yet )

The Gold One is a "to order special"

http://crystaldelights.com/wp-content/uploads/2011/09/T14-Pink-Bunny-Tail.jpg

Also available in "Natural"

(which quite honestly i'd be more inclined to go for, as it probably matches with most outfits)

http://crystaldelights.com/wp-content/uploads/2011/09/T12-Coyote.jpg

Nette:-S

[Brendan]

I've often wondered if I would end up better of if instead of paying my pension contributions each month my employer bought me gold to the same value. Preferably given to me in a little leather pouch.

If the gold ends up worth nothing I would at least have 600 odd leather pouches.

[RosieH]

Nette, dildo or butt plug?

[maxxi]

Brendan Wrote:

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> I've often wondered if I would end up better of if

> instead of paying my pension contributions each

> month my employer bought me gold to the same

> value. Preferably given to me in a little leather

> pouch.

>

> If the gold ends up worth nothing I would at least

> have 600 odd leather pouches.

No good - you would be relieved of your purse full of gold as you travelled home through the forest.

[Annette Curtain]

RosieH Wrote:

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> Nette, dildo or butt plug?

The later

And yourself ?

:-$