Not my opinion but direct quote from Fairfax NZ. These guys own most of NZ print media, running an article about Investing in gold being for fools... They reffer to gold as "the currency of fear"..... "I'm not going to sit here and argue that gold hasn't gone up 500 per cent in the last decade- that's obvious to everyone" "In some ways, the modern-day gold rush resembles a pyramid scheme. As the fear escalates and gold prices rise, investors own theories are validated through self-fulfilling prophecy.'' So pretty much its us assholes trading in the currency of fear that is collapsing the current Fiat monetary system? Perhaps if we all put our gold back under the mattress and stopped talking about it the current financial system would stabalise, Greece might be OK after all? Link here if you want the laugh, quite sad that people will take this seriously tho...... http://www.stuff.co.nz/business/money/6481945/Investing-in-gold-the-currency-of-fear
You realise who owns the media, right ?? The same guys who own most of the worlds gold. And, surprise surprise they are dissing gold ownership. Wouldn't surprise me a bit to see them spruiking property purchases tomorrow and extolling the virtues of getting into yourself a big fat juicy mortgage. When will people realise the more you owe the banks .. the more they own you :/
I guess anything you buy could be an investment on those grounds? I was getting at it being a store of wealth more than a speculative bet. The coin market is for investing not the bullion market
I know what you were referring to hiho, but if you buy gold when the share market is overpriced then sell when the share market is underpriced and buy shares that is using gold as an investment. And you'd keep maybe 5% as a store of wealth.
I can only see three comments - and the only one that stretches to two lines is too angry to be taken seriously. Each to their own reading pleasure I guess
mmmm Learn something new everyday: Investment - Definition of Investment on Investopedia - An asset or item that is purchased with the hope that it will generate income or appreciate in the future. I've always considered gold and silver purchases and sales as a version of speculation - much like the share market. Whereas 'investment' I've always considered is something which returns an income whilst remaining essentially 'unchanged' - ie pays dividends and you have the asset to resell.
Nostradamus, Century 8, Quatrain verse 10: A great stench will come from Lausanne, but they will not know its origin, they will put out all people from distant places, fire seen in the sky, a foreign nation defeated The first two lines of the quatrain are: A great stench will come from Lausanne, but they will not know its origin, Lausanne is a city in Switzerland. and surprise surprise so is .... http://www.edmond-de-rothschild.ch/default-en.aspx The Bank Privee of Baron Edmond de Rothschild Long-term success is something of a mystery that we invite you to uncover by browsing through this website. Our Bank owes its origins to Baron Edmond de Rothschild, a man with a will. He did not just buy things, he created them. During his lifetime he planted vineyards and forged the Edmond de Rothschild Group, now a frontrunner in international finance. His son, Baron Benjamin de Rothschild, is following in his footsteps: he has not just picked the fruit, he has willed the tree to blossom as never before. The Rothschilds are never far away... with a comprehensive approach to wealth engineering ...
http://www.edmond-de-rothschild.ch/presentation/documents/analysis/economic-and-market-outlook.pdf worth taking a look
Trends May 2011 hard assets like gold, silver, oil and property instead, to escape from curreenc devaluation. http://www.edmond-de-rothschild.ch/presentation/documents/trends/trends-may-2011.pdf
fire seen in the sky ??? meteor gonna hit switzerland i wonder ?? ... and they say there isn't a God LOL
