Goldbugs... what will you do with your gold? What's the point of holding gold?; Will you eventually convert it into real money, or just hoard it for ever?
when gold can tell the time it has much more value Peter. Holding cast bars in a safe seems like such a waste on so many levels.
That's true mel, it also gives it an alternate value rather than just a melt down value. Now that the GFC has almost ended in the USA the prices are starting to rise quickly - no desperate sellers anymore.
I've got about a dozen to repair at the moment.
Any expressed market opinion is my own and is not to be taken as financial advice
I can just picture a gold holder on special occasions ..............
You forgot the bit where they flog off over it
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Catweasel say how does it melt down its Gold the ETF?
Put its computer in the oven?
similar arguments can be made for ETF Cat - if you are doing well betting both ways more power to you though.
There was a thread by the great chewbacca in which people raised some good points about the opportunity cost of buying useless metal for speculation. Even the Count would agree that buying gold is simply 'saving'.
Gold might be better than cash under the mattress for the long run - but how can saving without yield be a positive thing when there are other options?
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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