should i put my money into gold?

symtonematix · Post by **symtonematix** » Wed Dec 12, 2012 11:34 pm

well, let's hope the price of gold stays at one spot, 'cuz if gold goes up, money goes down in value!

knell · Post by **knell** » Thu Dec 13, 2012 12:09 am

symtonematix wrote:well, let's hope the price of gold stays at one spot, 'cuz if gold goes up, money goes down in value!

so extending that logic... if money becomes worthless, surely gold will be worth super duper extra value, especially when everyone is trying to sell it!

sarcasm aside, if you want to have a percentage of your portfolio in gold, it's a safe bet. but don't listen to people who try and make you buy gold out of fear and whatever you do, don't put all your money into gold. silver is more practical anyway (but again should be approached with the same mentality)

symtonematix · Post by **symtonematix** » Thu Dec 13, 2012 12:33 am

I think buying land is the best idea in long term money saving. Gold is the key to modern economy.
Value is not based on the price. Why? This is how it works - Gold price gets higher, so USD price gets lower. If 1 gram of gold is worth 30 $ it's okay, but imagine 1gr. of gold with a price of 3000 USD??? Price is not the same anymore. But are 3000 USD worth 30 USD?
YES!
Why? Because the 100x increase for gold equals 100x increase of other prices, so the green paper is goint to the bottom. Now, what will happen. A round of denomination, a marketing collapse and then a new arise and you will say "Hey, now gold is 17 USD! I remember it when it was 3000" It never was. It's value is relatively the same. Pricing jumps off!

I've been trough denomination and galloping inflation. Do you know what it's like to lie down with your around 400$ (in today's cash) in your pocket and in the morning u can't buy yourself a pack of cigarettes? Well, it sucks!

knell · Post by **knell** » Thu Dec 13, 2012 2:49 am

true, but that was before i realized you operate in levs and stotinki... i'd invest in gold too

you're under a false assumption that gold and USD are strictly inversely proportional, which is a common misconception, as it has more to do with the exchange rates between USD and other global currencies as well as the demand for jewelry in places like India.

hugh · Post by **hugh** » Thu Dec 13, 2012 5:02 pm

as a chemist, I think gold is shit and everyone needs to get over it.

kidshuffle · Post by **kidshuffle** » Thu Dec 13, 2012 5:28 pm

you should have taken up alchemy instead

knell · Post by **knell** » Thu Dec 13, 2012 6:21 pm

hugh wrote:as a chemist, I think gold is shit and everyone needs to get over it.

surely you jest. gold's chemistry is one of the most interesting things about it (not to mention the sole reason for its value).

here's how a proper chemist reacts (haha reacts) to gold:

symtonematix · Post by **symtonematix** » Thu Dec 13, 2012 6:57 pm

Levs and stotinki are connected with EUR. Hardly connected. Investment in land is by far the most suitable option.

knell · Post by **knell** » Thu Dec 13, 2012 7:16 pm

connected, but still not EUR... maybe soon though! i absolutely agree about investing in land, it's not an easy task but is by far the most challenging and rewarding investment i've experienced.

bigfootspartan · Post by **bigfootspartan** » Fri Dec 14, 2012 7:07 am

knell wrote:
here's how a proper chemist reacts (haha reacts) to gold:

Don't know why, but this mans sheer excitement of being in that vault just made my day

knell · Post by **knell** » Fri Dec 14, 2012 7:28 am

Martyn Poliakoff is a don, a true scientist and educator

wub · Post by **wub** » Fri Dec 14, 2012 7:36 am

This thread

1) Gold is priced according to the $, so a 10% rise in the price of gold vs. a 10% dip in the value of the $ means you get nothing on your investment

2) If you are going to 'invest' in gold, then £5000 is probably the bare minimum you should think about...anything less than that and a tax free savings scheme would probably be better for you. Around that amount, and even a small risk fixed term investments/foundation fund through your bank (for example Barclays) would also yield decent returns, plus you might even be indirectly 'investing' in gold anyway depending on the portfolio.

3) The thorium comments whilst joke are a pretty good waypoint...if you wanted to take a bit of a risk you could jack some of your money into shares of a small/medium sized Australian mining companies and hope they strike uranium

test_recordings · Post by **test_recordings** » Sun Dec 16, 2012 10:56 am

By the sounds of it, you`d be able to afford a pea-sized lump of pure gold.

Good luck.

hutyluty · Post by **hutyluty** » Sun Dec 16, 2012 11:16 am

well the answer seems to be no...

i'll stick with my coop savings account, if they go bust then everyones buggered anyway

nowaysj · Post by **nowaysj** » Sun Dec 16, 2012 11:42 am

Put it in weed, man.

hutyluty · Post by **hutyluty** » Sun Dec 16, 2012 11:45 am

nowaysj wrote:Put it in weed, man.

that sounds like a solid investment.

nowaysj · Post by **nowaysj** » Sun Dec 16, 2012 11:47 am

All your dreams will come true.

test_recordings · Post by **test_recordings** » Sun Dec 16, 2012 11:49 am

Buy some terroritory in space and start your own intergalactic empire. That way, you can mine asteroids for gold as well as other useful minerals!

skell1ngton777 · Post by **skell1ngton777** » Sun Dec 16, 2012 3:25 pm

weed teeth

test_recordings · Post by **test_recordings** » Mon Dec 17, 2012 10:15 am

Gold teeth?

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