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How is that gold investment working out for you?

Never owned a gold fund or physical gold but a friend buys an ounce a month.

He claims one of the advantages is no need to tell the tax man if you sell in small increments.

I prefer real estate, (ie. rentals within 20 minutes of my house, rented to people I've known a long time).
 
JesasaurusRex said:
:laughing:rofl

explain to us simpletons why gold, physical gold, is so valuable. What exactly is it good for?
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Well if you're James Bond you can dip chicks in it.

goldfinger.jpg
 
afm199 said:
I'll say it one more time. Gold is a hedge. It's an odd one and it's a long time hedge, but it is a means of protection against inflation.
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Inflation will occur, but there are other things that can be used to protect against it. For example, multinational companies with powerful brand names and high barriers to entry have the power to deal with inflation by passing on commodity price increases to their customers. Stocks like P&G, Kimberly Clark, Coke, things with the world's most powerful brand names and huge market share.

Real estate is another thing that protect against inflation, somewhat. Oil, too.

Gold isn't even a perfect 1:1 correlation with inflation, like some people seem to think. Nothing is.

afm199 said:
It's a short term stock market boom fueled by the fed dumping tens of billions monthly into the economy via bond purchase. When that stops, and it will stop, things change radically.
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I don't think it will be radical at all. Everyone has been already been expecting it to happen. It's not going to be a "surprise". Everyone has known for years now that rates will eventually go up, once more evidence comes in to convince the government that the economy is improving (as it is, unlike what the naysayers say). And when that rate increase happens, bond prices will go down (especially anything with a long duration). As for stock prices, they depend more on other factors, such as employment, production, retail spending, confidence, speculation, etc.
 
Every time I bought gold (wedding rings) it cost me thousands,never again.
 
MrIncredible said:
Dude have some pity for 'em. They've obviously been brainwashed by the chemtrails.
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Why don't we just stick to what we know for sure... like fluoridated water, toxic preservatives and genetically modified food? The brainwashing comes from social engineering via state-sanctioned education and media. All owned & operated by the diabolic ruling class of monarchs, global corporatists and bankers.
 
GAJ said:
Never owned a gold fund or physical gold but a friend buys an ounce a month.

He claims one of the advantages is no need to tell the tax man if you sell in small increments.

I prefer real estate, (ie. rentals within 20 minutes of my house, rented to people I've known a long time).
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Another advantage is that gold is portable. Real estate is not.
 
JesasaurusRex said:
yea, no real value, probably even less so if you could imagine the end of the world environment redruM has running around in his head, that's the funniest part about his hoarding :laughing
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"end of the world environment"? that's not what i'm expecting at all.

but it certainly might end up feeling like the end of the world to guys like you who take the world at face value. sorry in advance :(
 
redruM said:
"end of the world environment"? that's not what i'm expecting at all.

but it certainly might end up feeling like the end of the world to guys like you who take the world at face value. sorry in advance :(
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Why would it feel that way if it weren't happening? Also, how does your physical gold prevent you from 'feeling' this way too?
mike23w said:
how long are you going to feel sorry for us before you realize you're wrong?
10 years? 30 years? 50 years?
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the beauty behind the 'end of the world as we know it' conspiracy theorists, is that the timeline is open ended yet eventually they'll be right. Even if it's probably not in their life time. What the fools gold collectors don't understand is carrying a shiney metal around doesn't isolate them from societal collapse.
 
JesasaurusRex said:
Why would it feel that way if it weren't happening? Also, how does your physical gold prevent you from 'feeling' this way too?


the beauty behind the 'end of the world as we know it' conspiracy theorists, is that the timeline is open ended yet eventually they'll be right. Even if it's probably not in their life time. What the fools gold collectors don't understand is carrying a shiney metal around doesn't isolate them from societal collapse.
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Yup. And if society collapses to such a point of chaos gold won't be worth anything. Only useful items will have value. Gold will just be a burdensome chunk of useless shit. There MUST be a somewhat stable civilization in place before luxury items like gold have ANY value.
 
JesasaurusRex said:
the beauty behind the 'end of the world as we know it' conspiracy theorists, is that the timeline is open ended yet eventually they'll be right. Even if it's probably not in their life time. What the fools gold collectors don't understand is carrying a shiney metal around doesn't isolate them from societal collapse.
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then the point is moot - i don't care if the world collapses after i'm dead.

i might as well go around telling everyone they're an idiot and ignorant because they aren't collecting gold preparing for when the universe dies (in so many billions of years.)

predictions that require action should be timely (within my lifetime at the minimum) otherwise they're useless.
 
JesasaurusRex said:
:laughing:rofl

explain to us simpletons why gold, physical gold, is so valuable. What exactly is it good for?
Click to expand...

Gold is fungible, as in easily divisible and extremely malleable.

Gold has excellent electrical properties and doesn't suffer from oxidation/corrosion like most forms of silver and copper. How many electronic devices would cease to operate without some form of gold?

Gold is extremely chemically stable (see corrosion/oxidation) and is rarely consumed in industrial usage. It is non-toxic (other than radioactive isotopes and gold salts) and can be eaten without issue.

There's only so much gold until someone figures out transmutation, as heavy elements like gold are created inside stars. The total amount of known/estimated gold in the world would fill a pair of olympic swimming pools.

If gold weren't so rare, it would be used anywhere that lead or copper is used. Our plumbing would all be gold alloy, all our wiring would be gold alloy, all our bullet ballast would be gold rather than lead, our lead acid batteries would be gold acid based. :laughing

Finally... if you really want to know why gold is valuable, look at it this way: for every ounce of gold you see, there were X millions of joules of energy required to smash hundreds or thousands of tons of ore to create one pure troy ounce. Each ounce of gold represents immense amounts of energy expended.













All of this means beans though. The real reason why gold is valuable? Because women love shiny objects and men will do anything to please them! :twofinger
 
morthrane said:
Gold is fungible, as in easily divisible and extremely malleable.

Gold has excellent electrical properties and doesn't suffer from oxidation/corrosion like most forms of silver and copper. How many electronic devices would cease to operate without some form of gold?

Gold is extremely chemically stable (see corrosion/oxidation) and is rarely consumed in industrial usage. It is non-toxic (other than radioactive isotopes and gold salts) and can be eaten without issue.

There's only so much gold until someone figures out transmutation, as heavy elements like gold are created inside stars. The total amount of known/estimated gold in the world would fill a pair of olympic swimming pools.

If gold weren't so rare, it would be used anywhere that lead or copper is used. Our plumbing would all be gold alloy, all our wiring would be gold alloy, all our bullet ballast would be gold rather than lead, our lead acid batteries would be gold acid based. :laughing

Finally... if you really want to know why gold is valuable, look at it this way: for every ounce of gold you see, there were X millions of joules of energy required to smash hundreds or thousands of tons of ore to create one pure troy ounce. Each ounce of gold represents immense amounts of energy expended.













All of this means beans though. The real reason why gold is valuable? Because women love shiny objects and men will do anything to please them! :twofinger
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Because of how rare it is it will never be used for any of the useful things you mentioned and continue to be something hoarded because it's shiny but wouldn't be worth two shits if everything went to hell. You know this though and just wanted to see yourself post something :twofinger
 
JesasaurusRex said:
Because of how rare it is it will never be used for any of the useful things you mentioned and continue to be something hoarded because it's shiny but wouldn't be worth two shits if everything went to hell. You know this though and just wanted to see yourself post something :twofinger
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Gold isn't used in many electronic products, audio cables, and cellphone battery terminals?

Gold isn't used in Goldschlager?

That's news to me.
 
JesasaurusRex said:
How much gold do you think is in a cell phone ?
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How many tens of millions of cellphones are made each year?

Does anyone have any data about how much gold has been used & thrown away since the Industrial Revolution? I bet it's a lot.

Shit, every bottle of Goldschlager contains a tenth of a gram, that's a few bucks worth.
 
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