Peas Maker Posted October 26, 2011 Share Posted October 26, 2011 Why do you think gold is safer? Assuming the banks and the currency all collapse, what use is a pile of shiny metal going to be? Gold is recognized universally as precious When the paper currency collapses any new currency will be backed up by gold Just like it used too be ! Link to comment Share on other sites More sharing options...
Peas Maker Posted October 26, 2011 Share Posted October 26, 2011 The gold bubble will burst as gold has no real value. And paper currency does have value ? Are u for real ? Link to comment Share on other sites More sharing options...
Stepman Posted October 26, 2011 Share Posted October 26, 2011 And paper currency does have value ? Are u for real ? Refer to my previous statement in its entirety. Link to comment Share on other sites More sharing options...
poppet2 Posted October 26, 2011 Share Posted October 26, 2011 Latest news today is that Scotland will start mining for gold. There are even machines in some shopping centres where you put in cash, and in exchange receive gold ingots. Link to comment Share on other sites More sharing options...
Stan Tamudo Posted October 26, 2011 Share Posted October 26, 2011 Did anyone have a punt on this one at Kempton this evening? http://www.racingpost.com/horses/result_home.sd?race_id=540476&r_date=2011-10-26&popup=yes#results_top_tabs=re_&results_bottom_tabs=ANALYSIS Link to comment Share on other sites More sharing options...
Andy Posted October 26, 2011 Share Posted October 26, 2011 Gold is recognized universally as precious Yes, but only because we perceive it to be previous. When you invest, you are doing so because you want to either make an income or you want the value of your capital to increase. Gold cannot produce an income and the value of the capital will only increase so far, until people realise it's over priced. If you can buy cheap and sell expensive then you can make money, but that applies to anything, not just gold. Link to comment Share on other sites More sharing options...
Peas Maker Posted October 26, 2011 Share Posted October 26, 2011 Refer to my previous statement in its entirety. I got a real problem accepting some one van claim gold will have no value when the world economy finaly collapses ! Bob . The only thing which will have value will be gold and silver ( and may be a ak47 ) lol Yes we are indeed headed towards complete economic collapse And unless some one invents nuclear fusion so we all have cheap power it will not get averted by Borrowing more money Or my printing more cash Plain and Simple Link to comment Share on other sites More sharing options...
Peas Maker Posted October 26, 2011 Share Posted October 26, 2011 Yes, but only because we perceive it to be previous. When you invest, you are doing so because you want to either make an income or you want the value of your capital to increase. Gold cannot produce an income and the value of the capital will only increase so far, until people realise it's over priced. If you can buy cheap and sell expensive then you can make money, but that applies to anything, not just gold. You can't put a value on gold using $$ As when the $ collapses ( which of coarse it will ). Gold will dramiticaly increase in value As every one will be trying to aquire some ! Is that simple enough to understand ? Link to comment Share on other sites More sharing options...
Andy Posted October 26, 2011 Share Posted October 26, 2011 I got a real problem accepting some one van claim gold will have no value when the world economy finaly collapses ! Bob . The only thing which will have value will be gold and silver ( and may be a ak47 ) lol Yes we are indeed headed towards complete economic collapse Not true. If we do indeed see a complete economic collapse, the things which will have value will be food, water, medicine, tools and knowledge (of how to survive, build etc). All the gold in the world won't help because someone with gold will simply want to swap it for these items. But nobody is going to swap food for gold during a famine unless they are very silly indeed. Link to comment Share on other sites More sharing options...
Nagel Posted October 26, 2011 Share Posted October 26, 2011 Not true. If we do indeed see a complete economic collapse, the things which will have value will be food, water, medicine, tools and knowledge (of how to survive, build etc). All the gold in the world won't help because someone with gold will simply want to swap it for these items. But nobody is going to swap food for gold during a famine unless they are very silly indeed. Obviously gold is not for you as an investment, but I'd advise anyone else to keep 10-20% of their wealth as physical gold. It's something the Indians and Chinese have always believed in and with both those economies booming I don't see gold becoming a bad investment any time soon. Link to comment Share on other sites More sharing options...
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