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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?

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

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

go to the shop and buy it

The thing is, it's still being found.

It's about silver, not gold.

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

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

Not to the extent paper money is being printed atm

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

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.

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.

Just kill him now imo

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

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

Every little helps.

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.

HOLD TIGHT M8

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

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

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

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.

you kinda missed the boat on this by about 10 years

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