W
Duplex said:PS
I heard something today about my local property market that has sent chills down my spine, I am witnessing debt driven easy money mania here, big-time.
Duplex said:PS
I heard something today about my local property market that has sent chills down my spine, I am witnessing debt driven easy money mania here, big-time.
ivuernis said:Come on, don't pique our interest like that and not tell us
As one part of an overall diversified portfolio, perhaps. Alternatively, why not buy shares companies involved in the gold industry (industries?) as an indirect punt?walk2dewater said:IShould you buy gold?
paddlepuss said:Not US quoted, traded on LSE
ionapaul said:If I bought GLD via my broker, would I be taking on an FX risk (a security held in $)?
walk2dewater said:(1) I think we're coming to the end of a massive hyperinflationary period, besides DVD players from China and unprocessed foods, the price of everything else has and is sky-rocketing. CPI figures saying inflation is running 2-3% just do not look right to me. The world is awash with paper money looking for a home.
walk2dewater said:(2) I think we're about to enter a deflationary period for assets (stocks, property, US bonds). Much higher interest rates than currently expected are going to turn the screws on debtors and consumption to fall. This is going to cause a recession, further lowering consumption. Employment will fall future lowering income and hence consumption. Prices of assets will fall as buyers dry up and vendors flood the market. The mood may turn to panic, resulting is even less spending, more layoffs, lower prices.
ivuernis said:If we entered a period of deflation wouldn't the actual purchasing power of cash become greater as the value of assets decrease, thus negating the need to hold gold as a store of value?
I think I'm slightly confused now
ivuernis said:Are we really in a period of hyperinflation? I was under the impression that hyperinflation is inflation out of control and current inflation of 2-3% is only moderate? Of course certain things like property are running at much higher rates
walk2dewater said:The price of fuel, houses, cars, utilities, public transport you name it are SKY-ROCKETING... look at the CSOs wholesale price indices, everything is double-digit %s growth
walk2dewater said:do you really believe the 2-3% story?
walk2dewater said:Should you buy gold now or wait for a near-term price correction, to say €485/oz??????
ivuernis said:
You hear commentary that gold has hit a high and will probably fall back again while others say it's just the start of a long bull run. I suppose gold had dropped in value for a long time and maybe what we are seeing now is a realisation of this with the current value being more realistic. I'm just shooting from the hip here though but I still think I'll put upto 5% into gold once I'm liquid in a few months time.
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