should i put my money into gold?

hutyluty · Post by **hutyluty** » Tue Dec 11, 2012 5:05 pm

Economics ninjas, any ideas?

I was looking at the business section of the paper today and saw a piece on the price of gold/commodities which just keeps rising as countries move back to them to shore up treasuries- China for example. With all the banks being so exposed to sovereign debt which seems very shaky indeed, would gold be safer/more beneficial than in a bank or am i just being a bit overenthusiastic?

LACE · Post by **LACE** » Tue Dec 11, 2012 5:14 pm

good question, i've considered it as well but haven't really done any research about it

brasco · Post by **brasco** » Tue Dec 11, 2012 5:17 pm

with only 10 days of existence left??

in all seriousness, i was always told that although currencies fail and economies crash, gold will always maintain its value. god knows how you go about it all though

cryptical · Post by **cryptical** » Tue Dec 11, 2012 5:22 pm

go to the shop and buy it

Terpit · Post by **Terpit** » Tue Dec 11, 2012 5:22 pm

The thing is, it's still being found.

Ash · Post by **Ash** » Tue Dec 11, 2012 5:24 pm

It's about silver, not gold.

Ash · Post by **Ash** » Tue Dec 11, 2012 5:24 pm

Oh and hold tight people who've got stocks in AMD and Nintendo.

hutyluty · Post by **hutyluty** » Tue Dec 11, 2012 5:25 pm

Terpit wrote:The thing is, it's still being found.

Not to the extent paper money is being printed atm

kidshuffle · Post by **kidshuffle** » Tue Dec 11, 2012 5:34 pm

brasco wrote:god knows how you go about it all though

kidshuffle · Post by **kidshuffle** » Tue Dec 11, 2012 5:37 pm

Also when the economy goes to shit, what are you going to do with said gold? Keep it looking pretty and horde it until the economy gets better? Having a food storage would probably be a better use of your money, and could probably yield great returns tbh.

hutyluty · Post by **hutyluty** » Tue Dec 11, 2012 5:49 pm

kidshuffle wrote:Also when the economy goes to shit, what are you going to do with said gold? Keep it looking pretty and horde it until the economy gets better? Having a food storage would probably be a better use of your money, and could probably yield great returns tbh.

Well i'm banking

on it not getting quite that bad. My housemates got 1000s of tins anyway so i'll just kill him if it comes to that.

Mainly its that gold is rising faster than most interrst rates and without the risk.

kidshuffle · Post by **kidshuffle** » Tue Dec 11, 2012 5:51 pm

Just kill him now imo

cryptical · Post by **cryptical** » Tue Dec 11, 2012 5:51 pm

no offense but you are probably too poor to have much of an advantage by doing so

hutyluty · Post by **hutyluty** » Tue Dec 11, 2012 6:01 pm

cryptical wrote:no offense but you are probably too poor to have much of an advantage by doing so

Every little helps.

knell · Post by **knell** » Tue Dec 11, 2012 6:26 pm

hutyluty wrote:
kidshuffle wrote:Also when the economy goes to shit, what are you going to do with said gold? Keep it looking pretty and horde it until the economy gets better? Having a food storage would probably be a better use of your money, and could probably yield great returns tbh.
Well i'm banking on it not getting quite that bad.

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.

invest in land and sustainable agriculture with some defense around it if you really want to survive in some sort of post-collapse scenario.

dickman69 · Post by **dickman69** » Tue Dec 11, 2012 6:28 pm

HOLD TIGHT M8

LEAPING OFF DA FISKAL CLIFF W/ ME SAC FULL O GOLD LIKE ST NICK

nowaysj · Post by **nowaysj** » Tue Dec 11, 2012 6:48 pm

Thinking knell has some arduino gun pods scattered around the countryside.

--

Gold can be a good hedge against inflation. It is a cliche, but diversification is recommended when investing.

LACE · Post by **LACE** » Tue Dec 11, 2012 6:52 pm

does the situation have to be of the post-apocalyptic calibre? can't i just buy some gold and horde it for a few decades then sell it again at higher costs? somebody enlighten me, i fucking hate economics with a passion and it isn't my forte.

SCope13 · Post by **SCope13** » Tue Dec 11, 2012 7:02 pm

you kinda missed the boat on this by about 10 years

knell · Post by **knell** » Tue Dec 11, 2012 7:14 pm

it depends on how much money you have to invest, if you're doing it for less doom and gloom reasons... a couple million could make a nice chunk of change, but a couple hundred could be better invested in something that nets a better profit percentage.

could always get a little riskier and invest in thorium or rhodium if you're looking for spikes in market price

should i put my money into gold?

should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Re: should i put my money into gold?

Who is online