Hang on - you can't have it both ways. Either I'm correct (as you state above) and gold has not kept up with inflation between 1980 and 2002 ie not maintained it's value when measured in terms of goods and services or "Gold does pretty much "flatline" most of the time - when measured in terms of goods and services, ie. it maintains its value throughout history." Gold throughout history (short, medium or long) has never been a great investment in regards to earning money or "interest" or any other way you want to look at it. It does however have sporadic bursts of growth every so often that help it catch up to other investments. You can see this as a rigged system, the planets aligning or anything else but it reacts the same way as many other investments - short bursts of growth followed by stagnant and/or decreasing prices for extended times followed by short bursts of growth etc etc. To say that this is the equivalent of earning interest is just smoke and mirrors - much like any good magician/spruiker. Trying to focus the attention on one hand while the other hand is doing something else. malachii
I have to say if your not keeping up with inflation yippee you need to make more money . A second job maybe ? buy & sell something ? beat up pensioners at the bus stop on pension day ? I dont know i say the same thing to anybody that complains incessantly .You really have no other option .you need to play the game a bit harder. Find a loophole & stick your head in it then fight until you win there really is no magic cure .Are you a winner or a loser ? Anyone can beat the system the first thing you need is to want to .. That was the driving force for me the unfairness of the system & the way its structured to keep you poor.. You know yourself the system is designed to do that im surprised you dont spend more time trying to circumvent it ...... You know you want to :
To put it simply if I bought 1oz Gold at $1900/oz now I would have less than $1600 in fiat terms. Whereas if I dumped it in the bank at whatever % interest rate, I would have > $1900. That $1900 fiat would let me now buy > 1oz Gold. Saavvvvvvvvy?
that's a whole bunch of IF's mixed up with cherry-picked "prices" gained through ummm.... hindsight! in other words - it's all bullshit mate ... catch a wakeup bro! :lol:
Yes it's hypothetical but it's a realistic situation that happened over the past 2 months. Where's the PROOF THAT GOLD PAYS INTEREST in those 2 months? Or in other words - it's all bullshit mate ... Back at ya!
Take renovator's advice and beat up some pensioners then... or beg. I hear professional beggars earn 60k a year tax free.
Good article from 2009 to read on gold purchasing power. http://www.marketwatch.com/story/how-the-colt-peacemaker-outshone-gold-2009-11-05
I like the idea of using gold bullion with a property. If you are looking at holding a property for decades and rather than paying down the principle and interest you pay interest only and progrssively buy gold with the principle component. By increasing the principle component with each payment as would happen if paying P&I your deductable expense plus stacking bullion gives you a hedge plus retains the .... nice.......big.......fat.....negative........gearing.....tax break:lol: I can see Yippe having paroxysms of conniptions Kind Regards non recourse
In conclusion then folks ... gold may not pay interest in the true sense of the word, but it sure as hell comes a lot closer to paying interest than does a bank account! savvvie?? :lol:
I've got a special for YOU Bud ... and all the other dumbos/naysayers on this thread :lol: http://www.youtube.com/watch?v=vmO2H3AeHOY [edit: fixed link]
Yippe - you remind me of my 4 year old niece who goes around with hands over her ears singing "la la la" when she doesn't want to hear what's going on around her. I'm sure you really do know that what you are saying is pure crap - but like every other spruiker (R/E or PM) you are trying your best to make people think they agree with what you are espousing. malachii
