glasgowcyclist
Charming but somewhat feckless
- Location
- Scotland
I’m no investor, too risk averse, but isn’t US oil going to minus $37 a barrel a Very Bad Thing?
Gold as an investment.
- Thread starter gavroche
- Start date
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I’m no investor, too risk averse, but isn’t US oil going to minus $37 a barrel a Very Bad Thing?
Beebo
Firm and Fruity
- Location
- Hexleybeef
You’re investing strategy is in direct contradiction to your views on gas guzzler cars.
vickster
Legendary Member
presumably he’s giving any and all profits to Extinction Rebellion?
Drago
Legendary Member
- Location
- Suburban Poshshire
It's a bad thing if you've paid $85 a barrel for it, but a good thing if you're a buyer. And that's how the game goes.
In fact, probably not a good time to buy US crude this very moment, the price is so depressed that the cost of long term storage outweighs its value so they're having to give some away, but keep an eye on it, catch it before it trends upwards - and it will - and I can foresee over a year or 18 months a good chance of tripling the investment. I'm hoping to double my Brent and Saudi holdings in that time, even if it means keeping my play-fund tied up in it for a while.
nickyboy
Norven Mankey
- Location
- You want hills? We got hills
Speculating on gold is speculating on global macro economic conditions and there are a lot of experts out there you're competing against. So good luck
If you actually understand mining exploration and production there potentially is money to be made buying and selling gold mining shares. But you have to really understand mining and exploration
If you actually understand mining exploration and production there potentially is money to be made buying and selling gold mining shares. But you have to really understand mining and exploration
Hover Fly
Lazy so and so
- Location
- Besides the lake, beneath the trees
I’m no expert, but back in the early 2000s bought £15000 worth of sovereigns at about £50-80 each, from my redundancy, to cries of dismay from my knowledgable friends. Second best thing I ever did.
It illustrates: it's not the product choice that rescues the purchasing power you produced and tried to store to buy back later.
It's the price of the product.
It's not gold or whatever, but the price you paid for it.
Consider this:
Someone that buys and sells gold, is competing against those very same that try to take away your purchasing power in order to spend it themselves. Who is that: the governments, their central banks, and their entire parasites - backbone.
Why:
Because they buy and sell gold too. NOT to preserve there own purchasing power, but to get rid of yours.
Look at what central banks and their gold buddies (the london bullion market association systemic bank cartel) did over the past decades: the former SOLD their gold "reserves" at decades recordlow prices to the latter, to then buy it back at decades recordhigh prices from the former. Precisely the opposite of what you, a saver, a speculator tries.
Explanation is simple: when they see speculators buying gold, they buy gold too, in order to drive up the gold price, and make speculators receive less ounces.
And vice versa: when they see speculators selling gold, they sell gold too, in order to drive down the gold price, and make speculators receive less dollars/euros/pounds/whatever for their ounces.
And not just gold, that's just 1 example.
Now since central banks / governments have way more market data available than you (they force reporting) there is only 1 way, an in some aspect rather sad way, that a speculator can succeed: by going against the herd other speculators. When the latter are buying en masse: sell, and when the former are selling en masse: buy.
It's the price of the product.
It's not gold or whatever, but the price you paid for it.
Consider this:
Someone that buys and sells gold, is competing against those very same that try to take away your purchasing power in order to spend it themselves. Who is that: the governments, their central banks, and their entire parasites - backbone.
Why:
Because they buy and sell gold too. NOT to preserve there own purchasing power, but to get rid of yours.
Look at what central banks and their gold buddies (the london bullion market association systemic bank cartel) did over the past decades: the former SOLD their gold "reserves" at decades recordlow prices to the latter, to then buy it back at decades recordhigh prices from the former. Precisely the opposite of what you, a saver, a speculator tries.
Explanation is simple: when they see speculators buying gold, they buy gold too, in order to drive up the gold price, and make speculators receive less ounces.
And vice versa: when they see speculators selling gold, they sell gold too, in order to drive down the gold price, and make speculators receive less dollars/euros/pounds/whatever for their ounces.
And not just gold, that's just 1 example.
Now since central banks / governments have way more market data available than you (they force reporting) there is only 1 way, an in some aspect rather sad way, that a speculator can succeed: by going against the herd other speculators. When the latter are buying en masse: sell, and when the former are selling en masse: buy.
Some data to prove a "you got that right":
table layout: year, tonnes sold by governments, average gold price
1997 326 $330.98
1998 363 $294.24
1999 477 $278.88
2000 479 $279.11
2001 520 $271.04
2002 547 $309.73
2003 620 $363.38
2004 479 $409.72
2005 663 $444.74
2006 365 $603.46
2007 484 $695.39
2008 235 $871.96
2009 34 $972.35
2010 -79.2 $1224.53
2011 -480.8 $1571.52
2012 -569.3 $1668.98
2013 -623.8 $1411.23
2014 -583.9 $1211.71
2015 -576.5 $1160.06
2016 -389.8 $1250.74
2017 -374.8 $1257.12
2018 -651.5
So thinking about buying gold when (or even because) central banks buy too? Think again ...
