should i put my money into gold?

[LACE]

Invest in Hydrogen

Helium, no?

nah, definitely hydrogen. especially in iceland because all the gas and oil needs to be imported so some companies are on about the well known possibility of using water to split electricity/electrosis to make hydrogen for fuel. there is a hydrogen fuel station at grjótháls but..most cars are still running on fossil fuels so..

[Terpit]

Invest in Hydrogen

Helium, no?

nah, definitely hydrogen. especially in iceland because all the gas and oil needs to be imported so some companies are on about the well known possibility of using water to split electricity/electrosis to make hydrogen for fuel. there is a hydrogen fuel station at grjótháls but..most cars are still running on fossil fuels so..

I watched a program about helium, well I think it was helium, its what's needed for any sort of commercial freezer and there's not a huge amount of it. Guess it just floats away

[skell1ngton777]

one word for u bruv: platinum teeth.

Or thorium teeth if thats more you're style

[nowaysj]

U could spit fire wit dat m8

[kidshuffle]

i have thorium grillz and a matching pimp cup

[particle-jim]

Invest in Hydrogen

Hydrogen is by far the most abundant element in the universe, wouldn't it make more sense to invest in something where supply doesn't massively outweigh demand?

[skell1ngton777]

i heard zomby is getting givenchy teeth

[hugh]

Invest in Hydrogen

Hydrogen is by far the most abundant element in the universe, wouldn't it make more sense to invest in something where supply doesn't massively outweigh demand?

Hydrogen ions (H+) are by far the mod abundant ion in the universe, however simple H2 is actually much rarer to come by (on earth). This is because generating hydride anions (H-) is actually quite energy consuming.
The best way to produce massive quantities of H2 is by fusion. That or visit the moon/sun.
safechemistrycooolwowz

[NilsFG]

All the people suggesting putting your money into food have been watching way too much doomsday preppers

[knell]

All the people suggesting putting your money into food have been watching way too much doomsday preppers

yeah you're right, having your own source of sustainable agriculture is a terrible investment and a waste of time unless you need it to survive

what would your investment be? funny internet pictures?

[NilsFG]

All the people suggesting putting your money into food have been watching way too much doomsday preppers

yeah you're right, having your own source of sustainable agriculture is a terrible investment and a waste of time unless you need it to survive

what would your investment be? funny internet pictures?

The guy was looking for a way to put some of his savings in a safe place and maybe get some more money out of it too.

How would you manage that anyways? Go to some big potato farming chain expecting potatoes in return during apocalyptical times? I really don't see that happening very quickly.
Unless you're one of the top investors and can go to board meetings to doctor out some scheme to embezzle some potatoes for harder times.

Go to some local farmer and propose to invest in his farm? Seems like a bad idea to me. I can't speak for the whole of the world, but here in Belgium the majority of farms are barely functioning break-even, quite a lot are in debt too. Turning a farm into your own food source for hard times would require massive and risky investments that, probably, wouldn't return much (which is pretty much the point of an investment).
Plus it'd be a huge risk with the EU and all kinds of (local) governments constantly pushing prices down so farmers make less and less profit (hence them being in debt).

And selling your almost limitless supplies of veggies during an apocalyptical economical collapse won't pay you much either. Because you know, no one has money. And no one has food.

Investing money in your own garden to grow some veggies is easy though. And fun. But you won't survive long on home made soup.

I might also be misunderstanding you. Also I'll invest in you and send you some funny pictures if you want.

[kidshuffle]

The guy was looking for a way to put some of his savings in a safe place and maybe get some more money out of it too.

He was looking for a way to put savings in a safe place because he is scared of the banks and economy going to shit.

If the banks and economy go to shit, money is worthless.

If money is worthless, than what are you going to do with all the gold you saved? What will it really be worth?

Knell said it right here:

if it gets to the point where you need gold, you'll probably wish you had food instead, since there will be more hungry/thirsty people than people who want gold.

Now if you're just looking to make money and have the capital to invest in gold, people have already stated the buyers market is nowhere where it used to be, and there are better markets to get into. But again, if the economy goes to shit, what will those investments be worth?

[NilsFG]

Okay I get your point. Still though, I don't think investing in such a way that you have a stable food source is that trivial.

I mean yeah you can get canned food, but it's not really stable. And how are you going to protect it? Especially without electricity?
That's why I made the doomsday preppers joke. Because it reminded me of that show. You know. People hiding food in caves and shit.

[kidshuffle]

I will protect it with the funny pictures I'm investing in.

I will need them asap, Nils.

[NilsFG]

I will protect it with the funny pictures I'm investing in.

I will need them asap, Nils.

All the funnies are mine.

Also very relevant: http://xkcd.com/512/

[kidshuffle]

[knell]

Okay I get your point. Still though, I don't think investing in such a way that you have a stable food source is that trivial.

is it trivial? you're right, it's absolutely not. i doubt this thread was intended for only trivial ways of investing

im not assuming it's not trivial, either... i own and co-own a number of land plots that contain farms. i have sprouted gray hair in my 20's over finding, purchasing, building, and maintaining small farming communities that use sustainable land practices to produce yields that maximize health and minimize waste.

i've paid the taxes, i've been in the courtrooms, i've settled land disputes. i've been betrayed, i've been laughed at, i've been nearly bankrupt. i've spent weeks in the sun training myself and teaching others farming techniques and how to operate machinery that i only learned days beforehand.

i never want to give anyone the impression that creating a stable food source for a community is easy or trivial. in fact, it's the opposite, otherwise everyone would be doing it. i've given up before, i've cried and bled into dry soil wondering what the hell i was even doing.

and after all that, it has still been more rewarding and enlightening than any etrade stock ticker. so yeah, investing in food is worth it.

[symtonematix]

Gold is a awesome investment. Why? Hear me now!

1. Gold is everywhere and you can keep your money safe. 30% of the world is now exchanging stock for gold. Ask yourself why.
2. I work at gold exchange centre and I can say it clearly - THE PRICES RISE! All of economies are valued with gold. US Dollars, Euros and other currencies are dependent of the price of gold. In 20 years we expect a price of 2000+ USD for oz. of the precious metal.
3. Money makes the world go round, right? Gold keeps it from stopping. It's a very compact way of carrying large amounts of money. One oz. of gold is 31 grams. and it's worth ~ 1300 EUR. Imagine a kilo of gold!

[garethom]

think of it like this mate, what is heavier? paper or gold?

what is shinier? paper or gold?

what is worth more? paper or gold?

exactly mate, hope i've helped

[knell]

In 20 years we expect a price of 2000+ USD for oz. of the precious metal.

okay, so let's assume you are correct and current trends and valuations continue...

huty, if you want to make ROI ~$2,890 (£1788) in around 20 years, all you have to do is invest USD ~$17,110 (£10589) worth of gold right now at the current market rate