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.
Gold is a very long play. Like art and property. I hold gold shares as I do not like the cost of holding phisical gold. I hold them as a hedge only. I hope they never make me rich. As it would probably mean other investments are completely screwed. I like a diverse group of assets. Peter
And ofcouse knowledge is the most valuable asset of all.
Gold is a very long play. Like art and property. I hold gold shares as I do not like the cost of holding phisical gold. I hold them as a hedge only. I hope they never make me rich. As it would probably mean other investments are completely screwed. I like a diverse group of assets. Peter
And ofcouse knowledge is the most valuable asset of all.
half of that drunken rant almost made sense. Keep drinking you are letting yourself down.
My only hope for my three boys is that they turn out nothing at all like Chris.
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.
I agree that I don't fit into your simple groupings (you as a self-defined realist / me as someone who is definitely not one of your train of suburban-based thought). You seem to think you know quite a bit about gold, which is fine. You might be somewhat right, but you're also likely to be substantially wrong as well. Much of what you know is likely to be superficial considering you can boil your understanding down to a few snappy sentences.
Spare me the diversification line. You can read that anywhere and watch it on the telly. Owning gold does not mean people are immune to owning anything but.
foxbat
24 Sep 2015, 01:13 AM
And ofcouse knowledge is the most valuable asset of all.
Or as Socrates said "All I know is that I know nothing."
To back up mattie socks delusion he invents a world where I only own gold. The fact is I have never stated I own gold and I certainly own many other assets beside gold.
Shares and houses, good little dog mattie, just where your masters want you.Meanwhile the dows a sea of red again. Shares matti, mining shares, you smart little puppy
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
To back up mattie socks delusion he invents a world where I only own gold. The fact is I have never stated I own gold and I certainly own many other assets beside gold.
Shares and houses, good little dog mattie, just where your masters want you.Meanwhile the dows a sea of red again. Shares matti, mining shares, you smart little puppy
More of a puddle I would say ATM!
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
I agree that I don't fit into your simple groupings (you as a self-defined realist / me as someone who is definitely not one of your train of suburban-based thought). You seem to think you know quite a bit about gold, which is fine. You might be somewhat right, but you're also likely to be substantially wrong as well. Much of what you know is likely to be superficial considering you can boil your understanding down to a few snappy sentences.
Spare me the diversification line. You can read that anywhere and watch it on the telly. Owning gold does not mean people are immune to owning anything but. Or as Socrates said "All I know is that I know nothing."
now there is a wise man, the Mathews of this world are right until they are wrong.. I know that i am wrong what ever i do and what ever i say.. thats why i hedge every chance i can get.. Good luck guys.. . Peter
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
now there is a wise man, the Mathews of this world are right until they are wrong.. I know that i am wrong what ever i do and what ever i say.. thats why i hedge every chance i can get.. Good luck guys.. . Peter
In Australia, as an aggregate, the suburbs are never wrong. They think they know everything.
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