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15-04-2013, 06:35 PM #21
- Join Date
- Jun 2011
Excuse my ignorance, but if the price of gold has dropped now, can't it drop again? This downfall in price is hardly an aberration, so what is to say that gold is secure as an investment? More secure than money deposits, yes, but it isn't exactly invulnerable though, is it?
15-04-2013, 06:45 PM #22
Malawi has the most sound advice in this thread. Always diversify your portfolio. Putting all your money in one investment is a very bad idea, unless it's one of the handful of investments that can be considered more or less completely secure (government bonds from a first-world country for instance). Those tend to give a low rate of return, however.
15-04-2013, 06:46 PM #23
Or do what I do.
Enjoy life and don't try worry about making a tonne of money.
If we're all lucky we'll end up in Mad Max scenarios anyway.
15-04-2013, 10:31 PM #24I'm failing to writing a blog, specifically about playing games the wrong way
15-04-2013, 11:28 PM #25
15-04-2013, 11:29 PM #26
I was also given to understand that actually over the coming years the price of gold will change because electronics consumption of gold is steadily increasing while our the effort required to recycle/reclaim it is prohibitive, so essentially the gold stocks will slowly dwindle.
15-04-2013, 11:35 PM #27
16-04-2013, 02:28 AM #28
- Join Date
- Jul 2012
I always wondered about those Cash for Gold shops that have been popping up everywhere in the last few years. After all, why would people who can afford lots of gold want to sell it now? But then it occurred to me, they need the cash because they spent their money on gold.
16-04-2013, 10:20 AM #29
Value of gold dropping is a good thing... when it skyrockets then we have an issue. Currencies are getting stronger especially USD which was undervalued for past four years in my opinion.
"All those paper money printers are printing banknotes and pumping them into our economies like hell, diluting the value of our hard-earned currency"
I believe you are referring to inflation which you once pointed that you don't fully understand, you refer to massive printing of worthless money? Am I right?
That would result in INCREASE of the price of the gold.
Furthermore: price of gold fluctuates based on demand and supply of the ore as well as stability of world economy and growth in production.
You did not check price of gold from just few years ago did you? It had been rising. Current price is not lower than the price in 2009
over five years ago before the recession the price of gold was worth a third what is now. Gold is overvalued at the moment and price is slowly going back to proper place
less gold on market
more gold on market
simple supply/demand relation
Fun fact: according to the article on ARS gold particles are used in home pregnancies tests.
Last edited by Lukasz; 16-04-2013 at 10:24 AM.
16-04-2013, 10:32 AM #30
Random 10 charWhy yes you're right I'm deliciously evil
Tradition is the tyranny of dead men
Steam:Kadayi Origin: Kadayi GFWL: Kadayi
*blush* I'm flattered by the attention boys, but please let's not make the thread about liddle old me
He who controls the Doge controls the universe
16-04-2013, 03:38 PM #31
I am angered, and then saddened (tonight's rebound is nothing. Old story, small rebound then deep fall, than small rebound and then deeper fall, this repeats again and again until we have no chance but to admit that it is truly bearish), but not one bit worried. I hold SOLID gold. I can hold as long as I want.
And over here, the price drop has triggered a gold rush. I see many uncles and aunties rushing to buy SOLID gold. It's even on some headlines. Many even fly to Hong Kong (for some reason, it's much easier to buy gold in Hong Kong than in here). Prudence is the spirit our country never loses.
16-04-2013, 04:54 PM #32
why would you think otherwise?
Gold is too expensive. the price of it was artificially raised when people stopped trusting american dollar. it is reasonable that the price cannot raise to infinite and has to come back down. which is happening now.
why do you have an issue with inflated price going back to norm?
16-04-2013, 09:51 PM #33
I don't see why this is something to be so upset about. Did you invest all your savings in gold?
16-04-2013, 09:55 PM #34
The way he's spinning it, it sounds like a lot of people in his country invested in gold.
16-04-2013, 11:08 PM #35
16-04-2013, 11:38 PM #36
- Join Date
- Jun 2011
Hence why there's been gold panics fairly regularly over the past century; primarily down to those South Africans and their pesky gold mines.
17-04-2013, 12:14 AM #37
17-04-2013, 12:19 AM #38
The most interesting thing I read about gold value was in one of Cory Doctorows' novels. Now I can't remember what it was. And it also may have been fictional. But it was damned interesting.