Sparktrader Posted June 14, 2022 Share Posted June 14, 2022 Had a look at lt term chart. Seems the key is to buy it near 8 year ma. Link to comment Share on other sites More sharing options...
Sparktrader Posted June 14, 2022 Author Share Posted June 14, 2022 Green line 8 yr avg Link to comment Share on other sites More sharing options...
Jenkins9039 Posted June 15, 2022 Share Posted June 15, 2022 (edited) Uganda just uncovered more gold than ever pulled out of the earth sitting in their back yard, 12 trillion $ worth 320,000 tonnes... https://www.msn.com/en-xl/africa/other/uganda-announces-discovery-of-huge-gold-deposits/ar-AAYdOsQ Gov only gets about 700m$ (private enterprises get the rest), but that won't do your gold investments any good. Edited June 15, 2022 by Jenkins9039 Link to comment Share on other sites More sharing options...
Onerak Posted June 15, 2022 Share Posted June 15, 2022 Over a period of 10 years I have bought 10 baht gold for my GF. She has every ounce of them. The last time I bought it was 24K and now I think 30K up. I told her I won't buy any more and she should pass the gold to my daughter when she wishes. Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted June 15, 2022 Share Posted June 15, 2022 (edited) All that glitters is not gold.....esp in LOS also all blue berries are not blueberries... Edited June 15, 2022 by Sticky Rice Balls 1 Link to comment Share on other sites More sharing options...
talahtnut Posted June 15, 2022 Share Posted June 15, 2022 The value of gold has not changed for 5.000 years, it should not be regarded as an investment. 2 2 Link to comment Share on other sites More sharing options...
Sparktrader Posted June 15, 2022 Author Share Posted June 15, 2022 33 minutes ago, talahtnut said: The value of gold has not changed for 5.000 years, it should not be regarded as an investment. So if you bought it for $320 in the 90s and sold it for $1800 you didnt gain? 2 Link to comment Share on other sites More sharing options...
talahtnut Posted June 16, 2022 Share Posted June 16, 2022 I don't know about US prices, but in the UK your gain would have similarities with the increase in gasoline prices. You would have been better off investing in a chicken. 1 Link to comment Share on other sites More sharing options...
Hummin Posted June 16, 2022 Share Posted June 16, 2022 11 minutes ago, talahtnut said: I don't know about US prices, but in the UK your gain would have similarities with the increase in gasoline prices. You would have been better off investing in a chicken. Gold is a safe asset, a reserve and will never hit zero or be outdated in our lifetime. 2 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted June 16, 2022 Popular Post Share Posted June 16, 2022 27 minutes ago, talahtnut said: I don't know about US prices, but in the UK your gain would have similarities with the increase in gasoline prices. You would have been better off investing in a chicken. Have you tried wearing a chicken round your neck ? 3 Link to comment Share on other sites More sharing options...
Lacessit Posted June 16, 2022 Share Posted June 16, 2022 14 hours ago, Jenkins9039 said: Uganda just uncovered more gold than ever pulled out of the earth sitting in their back yard, 12 trillion $ worth 320,000 tonnes... https://www.msn.com/en-xl/africa/other/uganda-announces-discovery-of-huge-gold-deposits/ar-AAYdOsQ Gov only gets about 700m$ (private enterprises get the rest), but that won't do your gold investments any good. There are quite a few gold miners which process orebodies that assay at 5 GRAMS/tonne of gold. Profitably. According to the article, the orebody in Uganda is assaying out at 10 KILOGRAMS/tonne of gold. Such an orebody is unprecedented in the history of gold mining. Either someone has misplaced a few zeros in the estimation and/or the value, or the article is total BS. I suspect the latter, perhaps along the lines of rich Nigerian princes that want to me to retrieve money for them. 2 Link to comment Share on other sites More sharing options...
Lacessit Posted June 16, 2022 Share Posted June 16, 2022 14 hours ago, talahtnut said: The value of gold has not changed for 5.000 years, it should not be regarded as an investment. I don't regard it as an investment, it's a currency hedge. Having never made a loss buying and selling gold for nearly 40 years, I think I can safely ignore your statement. 2 Link to comment Share on other sites More sharing options...
Sparktrader Posted June 16, 2022 Author Share Posted June 16, 2022 32 minutes ago, Lacessit said: There are quite a few gold miners which process orebodies that assay at 5 GRAMS/tonne of gold. Profitably. According to the article, the orebody in Uganda is assaying out at 10 KILOGRAMS/tonne of gold. Such an orebody is unprecedented in the history of gold mining. Either someone has misplaced a few zeros in the estimation and/or the value, or the article is total BS. I suspect the latter, perhaps along the lines of rich Nigerian princes that want to me to retrieve money for them. Typo 10 g/t Link to comment Share on other sites More sharing options...
Sparktrader Posted June 16, 2022 Author Share Posted June 16, 2022 1 hour ago, talahtnut said: I don't know about US prices, but in the UK your gain would have similarities with the increase in gasoline prices. You would have been better off investing in a chicken. Whats the pound worth now compared to 1992? Link to comment Share on other sites More sharing options...
talahtnut Posted June 16, 2022 Share Posted June 16, 2022 1 hour ago, Sparktrader said: Whats the pound worth now compared to 1992? This is something you could google yourself, but be aware you will find government statistical figures based on a basket of goods, which will contain something like carrots, turnips, milk, and perhaps, rhubarb. This is how they falsify inflation figures. We are living in a total illusion. Hang on to that gold as long as you can. And the chicken. Link to comment Share on other sites More sharing options...
Sparktrader Posted June 16, 2022 Author Share Posted June 16, 2022 11 minutes ago, talahtnut said: This is something you could google yourself, but be aware you will find government statistical figures based on a basket of goods, which will contain something like carrots, turnips, milk, and perhaps, rhubarb. This is how they falsify inflation figures. We are living in a total illusion. Hang on to that gold as long as you can. And the chicken. Shares are better. 1992 you buy a top 10 stock. Whats it worth now? Link to comment Share on other sites More sharing options...
1FinickyOne Posted June 16, 2022 Share Posted June 16, 2022 17 hours ago, Sticky Rice Balls said: also all blue berries are not blueberries... enlighten me - I havejust started buying frozen blueberries and eat them frozen... like candy... what am I eating - and should I care? Link to comment Share on other sites More sharing options...
1FinickyOne Posted June 16, 2022 Share Posted June 16, 2022 21 minutes ago, talahtnut said: We are living in a total illusion. Thankfully... 2 Link to comment Share on other sites More sharing options...
dingdongrb Posted June 16, 2022 Share Posted June 16, 2022 21 minutes ago, Sparktrader said: Shares are better. 1992 you buy a top 10 stock. Whats it worth now? Eastman Kodak 2 Link to comment Share on other sites More sharing options...
Jenkins9039 Posted June 16, 2022 Share Posted June 16, 2022 Legit find https://www.nasdaq.com/articles/uganda-says-exploration-results-show-it-has-31-mln-tonnes-of-gold-ore Link to comment Share on other sites More sharing options...
talahtnut Posted June 16, 2022 Share Posted June 16, 2022 2 hours ago, Sparktrader said: Shares are better. 1992 you buy a top 10 stock. Whats it worth now? Are you talking about small bubbles or big bubbles? If you had bought that chicken in 1992 you would have 14.000 eggs today. Link to comment Share on other sites More sharing options...
swissie Posted June 16, 2022 Share Posted June 16, 2022 5 hours ago, Sparktrader said: Whats the pound worth now compared to 1992? For heavens sake Spark! If you would tell a youngster how much a £ was worth in 1900 or mainly before, you would be arrested for practising "mental cruelty against children" these days. 1 Link to comment Share on other sites More sharing options...
swissie Posted June 16, 2022 Share Posted June 16, 2022 7 hours ago, talahtnut said: I don't know about US prices, but in the UK your gain would have similarities with the increase in gasoline prices. You would have been better off investing in a chicken. The greatest chicken Farmer that ever lived was a guy called Warren Buffet. He only bought quality-chickens capable of producing quality eggs. (long term growth with reliable dividends). 1 Link to comment Share on other sites More sharing options...
swissie Posted June 16, 2022 Share Posted June 16, 2022 6 hours ago, Lacessit said: I don't regard it as an investment, it's a currency hedge. Having never made a loss buying and selling gold for nearly 40 years, I think I can safely ignore your statement. Amen! The Gods gave us Hamburgers and Grass (wheat) and Gold. (Not necessarily in that order). The Gods never ment Gold to be a "a get rich fast scheme". Rather as a means to perserve "buying-power" Gold is slow by nature. Like a Tiger waiting pationly for the right time to pounce. Then the Tiger will leap foreward 5 meters. And Gold can leap upwards 1000$ in no time at all, rivalling the leap of the Tiger. Making up for his period of observant "dormancy". Only keeping pace with the devaluation of paper currencies. Nothing magic. Actually quite boring an predictable. Not a get rich scheme. 1 Link to comment Share on other sites More sharing options...
Popular Post tjintx Posted June 16, 2022 Popular Post Share Posted June 16, 2022 7 hours ago, Excel said: Have you tried wearing a chicken round your neck ? Yes, every time I do, it gets torn off my neck on Walking Street. 1 3 Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted June 16, 2022 Share Posted June 16, 2022 5 hours ago, 1FinickyOne said: enlighten me - I havejust started buying frozen blueberries and eat them frozen... like candy... what am I eating - and should I care? not all BLUE berries are blueberries...... 1 Link to comment Share on other sites More sharing options...
Sticky Rice Balls Posted June 16, 2022 Share Posted June 16, 2022 8 hours ago, talahtnut said: You would have been better off investing in a chicken. how about roosters? for fighting... 1 Link to comment Share on other sites More sharing options...
Excel Posted June 17, 2022 Share Posted June 17, 2022 8 hours ago, tjintx said: Yes, every time I do, it gets torn off my neck on Walking Street. Chicken lovers everywhere these days. ???? Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 17, 2022 Share Posted June 17, 2022 On 6/16/2022 at 12:36 AM, talahtnut said: The value of gold has not changed for 5.000 years, it should not be regarded as an investment. Guess you have invested in topsoil or rocks.......must have a huge upside, and I do not mean being a land owner..... Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 17, 2022 Share Posted June 17, 2022 8 hours ago, Sticky Rice Balls said: how about roosters? for fighting... No way, your nt going to get me into sword fighting...oh wait wrong topic.... 1 Link to comment Share on other sites More sharing options...
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