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Old 03-02-2012, 06:06 PM   #16
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Default 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.
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Old 03-02-2012, 06:13 PM   #17
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Default Re: Gold is the best investment

When I was in my early to mid- 20's I thought of ways to invest.

At the time if I had what would of equated into 30-40k and had invested in gold , I would of seen a very nice profit at this time 30+ years later.

So the question I hav to all those young investors that think they can make a killing on money(gold)

DO YOU HAVE THE ASSETS TO INVEST AND WAIT 30+ YEARS ON YOUR RETURN


I didn't I needed to buy a home.
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Old 03-02-2012, 06:21 PM   #18
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Default Re: Gold is the best investment

Quote:
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.
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Old 03-02-2012, 06:30 PM   #19
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Default Re: Gold is the best investment

Quote:
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?
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Old 03-02-2012, 06:33 PM   #20
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Default Re: Gold is the best investment

Quote:
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.
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Old 03-02-2012, 06:34 PM   #21
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Default Re: Gold is the best investment

Quote:
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?
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Old 03-02-2012, 06:37 PM   #22
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Default Re: Gold is the best investment

Quote:
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.
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Old 03-02-2012, 06:41 PM   #23
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Default Re: Gold is the best investment

Quote:
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, fuck gold. We are bored with gold", it suddenly has zero value. People don't need gold to do anything. Hence, no real value.
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Old 03-02-2012, 06:43 PM   #24
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Default Re: Gold is the best investment

Quote:
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.
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Old 03-02-2012, 06:44 PM   #25
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Default Re: Gold is the best investment

i read the title as GOD is the best investment and expected an essay from LOJ
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Old 03-02-2012, 06:49 PM   #26
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Default Re: Gold is the best investment

Quote:
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, fuck 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.
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Old 03-02-2012, 06:54 PM   #27
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Default Re: Gold is the best investment

Quote:
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..
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Old 03-02-2012, 07:17 PM   #28
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Default 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.
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Old 03-02-2012, 07:47 PM   #29
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Default Re: Gold is the best investment

Random commentary from ISHiot >>>>>> general consensus of Wall Street and other major financial institutions
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Old 03-02-2012, 07:55 PM   #30
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Default Re: Gold is the best investment

Quote:
Originally Posted by BankShot
Random commentary from ISHiot >>>>>> general consensus of Wall Street and other major financial institutions
A bank Shot of gold
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