did you just realise that for 5 years you have held an asset for a carton per ounce? No wonder you flew off the handle fuckstain.
Actually, I'm in the same boat. I've owned gold for 5 years. Didn't expect a carton per oz out of it. I couldn't anyway because I all have is a few digits on a screen and the promise that I can put those digits in a bank account if I choose. Hell, it could have gone backwards for all I care.
But you do realise that someone looking at you from the outside could equally call you totally moronic for having all your investments denominated in AUD?
The exact argument you have made against The Whole Retard for investing into gold, can and does apply to yourself for investing into AUD assets. you too are a fucking moron. We all are, we are Australians after all.
You are a mile from the real world. My transactions are in A$. Buy and sell property, shares and save cash in A$. Can not change the property or cash, but shares are a different kettle. All shares are subject to currency. Importers are hurting now compared to a couple of years ago on a COGS basis, exporters are not. Then there are the shares that transact in foreign countries that are listed in Oz.
I own shares in Wesfarmers, Westfield, BHP, CSL, Rio, TFS Ltd amongst others.
A classic example of the point you are poorly trying to construct is TFS (TFC). I own shares and plantations in Indian Sandalwood. Commodity and by-products exclusively transacted in US$. My shares are in A$. I paid for my plantations in A$. I get the currency gain built into the share price. My trees will sell in US$ for both pulp and hardwood, but I will be paid in A$.
The Whole Retard is stupid because he only has gold (and I suspect Ben Cousins is holding more oz. of Meth than he is in bullion as we speak).
I on the other hand am not a fucking moron, I hold a diversified portfolio all of which provides an annual form of income that is not dependent on me trading my principal.
Get it? Or do I need to type slower next time?
Terry
23 Sep 2015, 09:03 PM
That's just an exercise in dick measuring. The whole property and finance industry needs people like you. It's almost like you're trained not to think, but react to whatever sparkling marbles get thrown your way and how many you scramble to pick up.
Every market needs people like me. It is called consumerism. People exist to consume. Tobacco companies need smokers, liquor companies need Peter, pharmaceutical companies need sick people, dairy farmers need coffee drinkers and cereal eaters, airlines need travellers, car and bus manufacturers need people who don't want to walk, bike manufacturers those who want to ride, taxi drivers those who don't, cant or wont drive. Coffee manufacturers need those needing a morning hit, lunch bars and yuck trucks those not smart enough to brown bag. Warnbro landlords need a good meth cook like Dimbo, drug dealers need the West Coast Eagles.
You look down on people like me for profiting from the decisions that people like all of us make every day, and somehow you think you are smarter?
Piss funny c u nt you are Terry.
Terry
23 Sep 2015, 11:02 PM
Actually, I'm in the same boat. I've owned gold for 5 years. Didn't expect a carton per oz out of it. I couldn't anyway because I all have is a few digits on a screen and the promise that I can put those digits in a bank account if I choose. Hell, it could have gone backwards for all I care.
is it al you owned like your dumb fuck mate, or were you smart enough to have something else in the portfolio?
You are a mile from the real world. My transactions are in A$. Buy and sell property, shares and save cash in A$. Can not change the property or cash, but shares are a different kettle. All shares are subject to currency. Importers are hurting now compared to a couple of years ago on a COGS basis, exporters are not. Then there are the shares that transact in foreign countries that are listed in Oz.
I own shares in Wesfarmers, Westfield, BHP, CSL, Rio, TFS Ltd amongst others.
A classic example of the point you are poorly trying to construct is TFS (TFC). I own shares and plantations in Indian Sandalwood. Commodity and by-products exclusively transacted in US$. My shares are in A$. I paid for my plantations in A$. I get the currency gain built into the share price. My trees will sell in US$ for both pulp and hardwood, but I will be paid in A$.
The Whole Retard is stupid because he only has gold (and I suspect Ben Cousins is holding more oz. of Meth than he is in bullion as we speak).
I on the other hand am not a fucking moron, I hold a diversified portfolio all of which provides an annual form of income that is not dependent on me trading my principal.
Get it? Or do I need to type slower next time? Every market needs people like me. It is called consumerism. People exist to consume. Tobacco companies need smokers, liquor companies need Peter, pharmaceutical companies need sick people, dairy farmers need coffee drinkers and cereal eaters, airlines need travellers, car and bus manufacturers need people who don't want to walk, bike manufacturers those who want to ride, taxi drivers those who don't, cant or wont drive. Coffee manufacturers need those needing a morning hit, lunch bars and yuck trucks those not smart enough to brown bag. Warnbro landlords need a good meth cook like Dimbo, drug dealers need the West Coast Eagles.
You look down on people like me for profiting from the decisions that people like all of us make every day, and somehow you think you are smarter?
Piss funny c u nt you are Terry. is it al you owned like your dumb fuck mate, or were you smart enough to have something else in the portfolio?
Showing your true colors I see. All the shallow disposition brutally exposed by your emotion.
Showing your true colors I see. All the shallow disposition brutally exposed by your emotion.
What exactly are my true colors Terry? Consumer? Buyer of goods and services? I am a realist. You are clearly not. Every bear here says sell out of everything and take safe haven in gold. That is stupid. Period.
What exactly are my true colors Terry? Consumer? Buyer of goods and services? I am a realist. You are clearly not. Every bear here says sell out of everything and take safe haven in gold. That is stupid. Period.
OK, there we go. Statement of affirmation ("realist") followed up with ensuring that I am not you (even I though I would totally agree with you), followed by a random rant about a construct of "the other" (the "bears") and an association with the anti-investment (gold).
You're on fire Tiger. That's the kind of passion I'd expect at an NRL game.
OK, there we go. Statement of affirmation ("realist") followed up with ensuring that I am not you (even I though I would totally agree with you), followed by a random rant about a construct of "the other" (the "bears") and an association with the anti-investment (gold).
You're on fire Tiger. That's the kind of passion I'd expect at an NRL game.
If you would totally agree with me this exchange would not have started a few comments ago with you totally disagreeing with me.
Gold is a defensive play. It is not a long term play. Most certainly not as your only investment, which is again what started this whole discussion.
My position is clear. Diversify your investments. Property, cash, shares and anything else you want. Holding one thing at a time does not make you an investor, it makes you a speculator. All investments will make money long term. If you don't have time to day trade don't pretend to be a day trader.
Those who hold only one and can not see how you can accumulate wealth through all investment forms long term are idiots. Period. No discussion needed.
My only hope for my three boys is that they turn out nothing at all like Chris.
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