dulwichgirl2 Posted April 3, 2012 Share Posted April 3, 2012 Why do people buy gold. Is it:1. Its value as jewellery? Partly2. Its value for industrial purposes? Partly3. 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/ Share on other sites More sharing options...
maxxi Posted April 3, 2012 Share Posted April 3, 2012 It's shiny.Bury it for 1000 yearsdig it upit's still shiny! Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535592 Share on other sites More sharing options...
dulwichgirl2 Posted April 4, 2012 Author Share Posted April 4, 2012 Err thanks maxxi. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535623 Share on other sites More sharing options...
Jeremy Posted April 4, 2012 Share Posted April 4, 2012 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535633 Share on other sites More sharing options...
El Pibe Posted April 4, 2012 Share Posted April 4, 2012 4/10 Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535634 Share on other sites More sharing options...
woodrot Posted April 4, 2012 Share Posted April 4, 2012 Im long Amalgamated Spats Corp & Consolidated Zeppelin inc - gold is for losers Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535636 Share on other sites More sharing options...
annabel42 Posted April 4, 2012 Share Posted April 4, 2012 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535642 Share on other sites More sharing options...
Huguenot Posted April 4, 2012 Share Posted April 4, 2012 "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" Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535643 Share on other sites More sharing options...
???? Posted April 4, 2012 Share Posted April 4, 2012 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535647 Share on other sites More sharing options...
annabel42 Posted April 4, 2012 Share Posted April 4, 2012 Generally speaking, weak economy, stock market, wars etc = increase in gold price. Weak economy etc etc = problems in property market. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535654 Share on other sites More sharing options...
woodrot Posted April 4, 2012 Share Posted April 4, 2012 ???? Wrote:-------------------------------------------------------> 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.incorrectIt was sold between 250-300 troy ozGold 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 goldAnyway, You cant make a meal out of a pile Deutschemarks or a kilo of gold at the end of the day Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535694 Share on other sites More sharing options...
ibilly99 Posted April 4, 2012 Share Posted April 4, 2012 You can buy gold ETF's if you want paper exposure to physical at www.selftrade.co.uk . Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535726 Share on other sites More sharing options...
maxxi Posted April 4, 2012 Share Posted April 4, 2012 ibilly99 Wrote:-------------------------------------------------------> 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... Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535792 Share on other sites More sharing options...
Annette Curtain Posted April 4, 2012 Share Posted April 4, 2012 Did you know you can buy a 24 carat Gold Dildo with a (real dyed pink) fox fur tail on the endNow, how does that stack up against a 2 bed flat yield ?Nette:-S Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535798 Share on other sites More sharing options...
maxxi Posted April 4, 2012 Share Posted April 4, 2012 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:-SHow does it perform on the upswing? Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535803 Share on other sites More sharing options...
Salsaboy Posted April 4, 2012 Share Posted April 4, 2012 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 Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535879 Share on other sites More sharing options...
Annette Curtain Posted April 4, 2012 Share Posted April 4, 2012 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.jpgAlso 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.jpgNette:-S Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535888 Share on other sites More sharing options...
Brendan Posted April 5, 2012 Share Posted April 5, 2012 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-535978 Share on other sites More sharing options...
RosieH Posted April 6, 2012 Share Posted April 6, 2012 Nette, dildo or butt plug? Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-536263 Share on other sites More sharing options...
maxxi Posted April 6, 2012 Share Posted April 6, 2012 Brendan Wrote:-------------------------------------------------------> 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. Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-536264 Share on other sites More sharing options...
Annette Curtain Posted April 7, 2012 Share Posted April 7, 2012 RosieH Wrote:-------------------------------------------------------> Nette, dildo or butt plug?The laterAnd yourself ?:-$ Link to comment https://www.eastdulwichforum.co.uk/topic/22815-gold/#findComment-536332 Share on other sites More sharing options...
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