My little piece of peace

im not saying that gold wont keep increasing in value, or that its not a half decent investment opportunity - it may well be a great investment as you say... What im saying is that its a form of gambling or that it contains risk, therefore really should only be entertained by people who afford to loose. Imagine if you get it wrong, you will loose everything and have no way of making it back before you die, thats one hell of a risk in other words... If you were half your age, my advice would be sure why not, go for it because if you fail you can always get back up.

One other thing, why consider only gold? Why not the other precious metals?

 

Hi groper,
All the markets are far too volatile to consider for long term investment purposes, (longer than a speculative couple of hours day-trading if that is the play one chooses), and apart from that most markets are manipulated by GSachs, JPMChase BoA, HSBC-USA, and all the other "old Money" of the "banksters" who also OWN & Control the US Fed Reserve...

I feel bullion and productive land are the only "investments" to consider in the present global economic state of the world... Even that has a large element of risk... No markets are "safe" at present, and may not be for quite a few years into the future...

 

Or peg it to a fractional value. So what good is it then....

I also recall preachings of it hitting $4000-6000 ..and if one had done futures/options-like I did- one could make several hundred times return.

But once again a boating forum has gone down the road of links about economic gossip.

I see my glass as being half full,others as the opposite.

 

He he - Hi Westie,
Depends on what one values, I mostly see my glass as being as full as I can comfortably manage - - knowing lots of good people who share ideas, support and help each other... Life is then mostly full of opportunities, sometimes one is sadly soooo preoccupied with "immediate" things that we do not see the big picture and what is offering... (in Australian $ over the past 21 days, gold has fallen from $56,250 to 53,000 /Kg)

The six degrees of friendship are on significantly shorter odds now-a-days, By being open and available to help others opens surprising opportunities that may have remained a wish or pipe dream, but for the word of appreciation for giving that helping hand... - - Life is full of 'ups-and-downs' - I remind myself often to remember to bend gracefully like grass in a breeze for the dips, and appreciate the good times with grace and dignity of humble appreciation... (sometimes I don't)

 

No we wouldnt. If you allow for inflation and currency devaluation, it doesnt compare to a dozen other ways of investing. Dont forget to subtract storage and insurance charges in your analysis.

"If you deeply analyze the facts, you will find that the value of gold does not actually change very much at all. The value of gold over the past 200 years has hardly changed when compared with the value of other goods in market. If you compare one ounce of gold today, you will be able to purchase almost the same amount of goods as you could have done 50 years ago. The only change is the value of the currency and not the gold. "

Article Source: http://EzineArticles.com/3435623"

http://ezinearticles.com/?Gold---What-is-the-Return-on-Investment-(ROI)?&id=3435623



With gold you have to hold it for a long time and hope it maintains it relative value.

To actually make money, you have to trade constantly - and sitting on a pile of metal year in and year out is not good sense.

"Trading is for Widows and Orphans - long term investment is for the Foolhardy"



Note - even as a "currency of last resort", Gold is not very reliable. Given peoples habit of 'watering down' gold with lead etc, trying to barter a corner of a gold bar for a bag of potatoes is a fraught business.

Civilization went through all that in the 1800's.

 

You assume 2 things (at least).

1. We don't understand.

2. You're the one with the correct vision.

Sorry. I understand what the world looks like quite well.

The *only* use of gold (outside industrial usages etc) is as a medium of exchange to *buy things*.

If, instead of buying gold, one were to buy tools, land and staples that increase in price, *and* TSHTF, people like you have gold that you hope to exchange for goods & services at a more or less stable (measured in gold grams) rate.

People like me, with food, tools, land and the ability to use all of the above, teamed with my neighbours with complementary skills and resources, keep eating and living reasonably comfortably while you scramble about trying to get people to exchange the things you *must have* for something we *don't really need*.

As I said, good luck with that strategy. You'll get to the point where you'd happily exchange a couple grams or more of gold for a 6 pack of toilet paper.

Micro example: just how is possession of gold going to enhance your ability to live comfortably and resupply in, say, the coastal areas of PNG or the Solomon Islands? As compared, say, to the tools & skills of a good diesel mechanic, carpenter, plumber or electrician, preferably competent in most or all of the above?

You talk blithely about fueling your boat from coconut oil but do you have the personal skills, tools and materials to get/make the oil? How many coconuts does it take to make the equivalent of a litre of diesel?

Even if you do:

Where is your engine oil coming from?
Where are your fuel & oil filters coming from? I can assure you that 10 micron or better filters don't grow on coconut trees.

I will also point out that your personal ability to build/fix things seems a bit lacking judging by your posts and your willingness to accept the help of other people to fix your broken boat bits. Just what would you do if you broke another rudder part in the western provinces of the Solomons? And if you can't manage to build a rig for your boat in a 1st World, pre-collapse industrial society like Australia, I simply don't believe that you'd manage to do so in the backblocks of PNG or the like.

This is a pointless discussion because it's been done to death so many times. Your boat is literally dead in the water shortly after a collapse of 21C industrial technology and no amount of gold will help you if that happens.

This is going to come across a bit harsh I expect but your attitude WRT gold and how other people are too blind to see the light comes across as smug & arrogant, so.....

PDW

 

Gold had gone up 3 times --- well thats coulda shoulda woulda.

Its been at 1700 or so for at least a year. 3.5% in a fixed rate would have given you something to spend.

I dont have the time to take gold as an investment something many investors fail to see the difference in a young mans investment over and old mans -- totally different set of risks and expectations.

If you buy low and sell high --gold has gone. come back in 20 years. Unless Russia or China decides to off loads its millions of tons to destroy some one elses economy.

There is no reason for golds value. Copper should be worth more

 

Well, I guess you have to wait for the cataclysmic breakdown of the current system of exchange, to find out if gold is any good in that situation, helluva way to find out ! You certainly can't know the answer in advance.

 

Hi rw,
"huh?" mostly incorrect (not what I did or had arrangements for), but who cares... Just another misconception presented...

- - - - - -
Oh For F.S. . . I have NO GOLD, - - I have no intention of buying gold at this point in time, - - I have my own plans and ideas and mostly these ARE NOT PUBLISHED, - - I have all the tools I may need, - - I do not need any advice (unless I specifically ask for it)... - - - - - If you have any free advice, kindly send it by PM or post it on your own thread...

If you wish to know the price of gold or silver in any of 7 'major currencies' for any time period from 'live' out to 20 years ago, then here http://www.bullionvault.com/gold-price-chart.do is a reasonable resource...

I do not "assume" anything of others, and ask you to kindly refrain from assuming things in my mind that 'do not apply to your need to know' of my future plans... Believe and understand as you wish, and if my waffling is not in your understanding, then ignore it as is your right and privilege... as I also do not specifically ascribe my thinking into your 'head-space'... To grasp and understand more may I suggest that posing the appropriate question in google or whatever your preferred search engine may be, will facilitate matters whereby you - whoever "you" may - be can find satisfactory answers to your questions....

- I am not a free information service on everything that arouses a difference of opinion, when the question posed is somewhat antagonistic and a gross misinterpretation of what is in my mind and plans, and which plans I am more than capable of implementing without your banal interference...

If you cannot understand the meaning of "trade", "employment", "purchase" and other reciprocal arrangements that can be made between reasonable people, may I suggest you return to your cave of solitude and totally ignore this thread...

- - - - - -
Hi Frosty,
In the past 5 years in AU$ gold has seen some good swings from Au$900 out to Au$1800 per ounce and in the past year swings between Au$1800 and Au$1500 have been recorded... - - Room to play for those so inclined? bear in mind that the markets are known to be heavily manipulated... I will not 'play' in such markets... As I have said recently, and on several occasions, now is the time to secure productive land (agriculture) and pay off all debts such as mortgages on real property...

- - - - - -
Hi Mr E,
Yep.

 

At least you can eat gold. Supposed to help arthritis. Silver not so good, turns the skin grey !

 

hehehe.... Thankfully I am not at present afflicted with arthritis, but inducement to stiffness elsewhere would possibly be appreciated in an appropriate conducive environment...
174258

Rudder post has been ordered - delivery, tax and manufacture come at around Au$125.90

Parts to repair the anchor winch have arrived... (at no cost for an Australian designed and made product)...

 

http://www.youtube.com/watch?feature=endscreen&NR=1&v=qIBsoeK11fI

http://www.youtube.com/watch?v=Nm2_QdyMEOs&feature=fvwrel

http://www.youtube.com/watch?v=tD-lufXAFjo&feature=relmfu

Why the F do stupid people in USA scream and yell at live performances, the show is about the person on stage, not the hysterical fools in the audience... When the "blue faced performer stopped and looked at the audience they were smitten into silence... whereas the usual is applause, then at the end he had to encourage audience participation - freaking cretins in the audience...

http://www.youtube.com/watch?NR=1&v=OZJNEF6iBNE&feature=fvwp

http://www.youtube.com/watch?v=Q_LhAhrDmRY&feature=related
174672

 

Jeees, What a ******* I am, Today is Sunday and I was phoning Excel Composites to offer to pay for the rudder post...

I am off to Kuranda to have a coffee and perve on the tourists - Some are really cute - pity I am no longer a teenager - only in my wishful thinking mind... - - - - - - - - I am sure many may take the view of showing disdainful pity on this ancient piece of geriatric voyeurism and dismiss it as a symptom of old age and senility... - - - - - I did have a very attractive young lassie sitting next to me in my borrowed car (a lift from Kuranda down to Cairns, down to view my boat) I think she was quite shocked when I parked up, jumped out of the car and proceeded to open up the boat and seemed weary of my incorrectly perceived 'lustful intentions', - - - - but I surprised myself and remained a polite gentleman and showed the key features of the boat and then delivered her to near her temporary accommodation in Cairns...

This stuff may make for some interesting weekend reading http://www.peakprosperity.com/ - Chris Martenson's blog... - peace -
175516

 

A very interesting turn of events? http://www.businessweek.com/articles/2012-11-05/in-australia-an-ominous-ruling-for-ratings-firms

 

Hi Mas,

Just curious, but why do you advocate paying down debts? Though I haven't read the whole thread, you seem to be aware that inflation punishes creditors and rewards debtors, while deflation does the opposite. So by that logic, your comment infers an expectation of coming deflation. but how can that be, when central banks everywhere are expanding the money supply(s) to satisfy gov't debts? Are you speaking specifically about Australia?