-
Extra Cheese
Re: Gold is the best investment
Why is gold valuable? It's only valuable because people perceive it as such, but it has no real world value because it has barely any real world application.
Look at the graph primetime posted:
Why step in now? It's idiocy. If there ever was a bubble: it's gold.
-
NBA Legend and Hall of Famer
-
National High School Star
Re: Gold is the best investment
Originally Posted by LJJ
Why is gold valuable? It's only valuable because people perceive it as such, but it has no real world value because it has barely any real world application.
It's valuable because it can retain its value in an inflationary environment and is easy to store. Look at where the major gold demand is coming from- China and India.. the countries with the high inflation and biggest population. So obviously they know what's up.. so do the central banks that are increasing their holdings.
-
Extra Cheese
Re: Gold is the best investment
Originally Posted by falc39
It's valuable because it can retain its value in an inflationary environment and is easy to store. Look at where the major gold demand is coming from- China and India.. the countries with the high inflation and biggest population. So obviously they know what's up.. so do the central banks that are increasing their holdings.
"It's valuable because it's valuable"
What?
-
Cavaliers!
Re: Gold is the best investment
Originally Posted by falc39
It's valuable because it can retain its value in an inflationary environment and is easy to store. Look at where the major gold demand is coming from- China and India.. the countries with the high inflation and biggest population. So obviously they know what's up.. so do the central banks that are increasing their holdings.
completely false.
gold is valuable for the simple fact that it is shiny, and it can be melted down to make other shiny things.
-
National High School Star
Re: Gold is the best investment
Originally Posted by LJJ
"It's valuable because it's valuable"
What?
You know what currency is and why people use it? One of the reasons is store of value. Do I have to explain inflation to you and how it takes away purchasing power from consumers and savers?
-
National High School Star
Re: Gold is the best investment
Originally Posted by LBJMVP
completely false.
gold is valuable for the simple fact that it is shiny, and it can be melted down to make other shiny things.
Well the general market disagrees with you. Also a bunch of nations and central banks.
-
Extra Cheese
Re: Gold is the best investment
Originally Posted by falc39
You know what currency is and why people use it? One of the reasons is store of value. Do I have to explain inflation to you and how it takes away purchasing power from consumers and savers?
I do, but you don't seem to.
Currency is valuable only because it's institutionalized. It has no real value, it's essentially just a number in a computer The same goes for gold. It has value because people want it, not because people need it.
Oil has value because, you know, it's combustible (among other things). Gold is not like that. If people decide "Hey, f[COLOR="Black"]uck[/COLOR] gold. We are bored with gold", it suddenly has zero value. People don't need gold to do anything. Hence, no real value.
-
Cavaliers!
Re: Gold is the best investment
Originally Posted by falc39
Well the general market disagrees with you. Also a bunch of nations and central banks.
yah, but why did they originally want it?
cause some people way back in the day thought i was shiny so they used it as currency and made statues and other stuff out of it.
-
National High School Star
Re: Gold is the best investment
i read the title as GOD is the best investment and expected an essay from LOJ
-
National High School Star
Re: Gold is the best investment
Originally Posted by LJJ
I do, but you don't seem to.
Currency is valuable only because it's institutionalized. It has no real value, it's essentially just a number in a computer The same goes for gold. It has value because people want it, not because people need it.
Oil has value because, you know, it's combustible (among other things). Gold is not like that. If people decide "Hey, f[COLOR="Black"]uck[/COLOR] gold. We are bored with gold", it suddenly has zero value. People don't need gold to do anything. Hence, no real value.
So are you going to store a ton of oil barrels at your house? Food? You know food spoils... Stocks are tied to companies and fiat currencies are tied to nations. Gold is completely neutral.
-
National High School Star
Re: Gold is the best investment
Originally Posted by LBJMVP
yah, but why did they originally want it?
cause some people way back in the day thought i was shiny so they used it as currency and made statues and other stuff out of it.
Look at its metallic properties. It's the most stable metal we know of. They uncover ancient sunken ships with the gold completely intact. Store of value..
-
#Trump4Treason
Re: Gold is the best investment
it would be stupid to buy gold at this point. because of how inflation is all accross the world gold has the most value rite now..and when the world economy gets better the price of gold will drop. So if you buy now to sell later your pretty much going to buy high and sell low.
-
Re: Gold is the best investment
Random commentary from ISHiot >>>>>> general consensus of Wall Street and other major financial institutions
-
NBA Legend and Hall of Famer
Re: Gold is the best investment
Originally Posted by BankShot
Random commentary from ISHiot >>>>>> general consensus of Wall Street and other major financial institutions
A bank Shot of gold
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|