Is gold still a good investment?

[theguyfromanotherforum]

I have done my research with bitcoins and I just don't understand the astronomical rise while gold remained stagnant. One of the major issues I have is that I have read in several credible places that bitcoins can be devalued.

 

I am really ready to pull a trigger on about a few dozen maple leafs, but maybe I could be convinced otherwise......

[observer90210]

Swiss francs buddy...safe, stable, solid  stable country with a trustworthy economy with honest and efficient banking...a very popular global refuge currency!

[tonray]

Gold has lost about 8% per year for the past 5 years while the SP-500 has gained about 12% per year during the same period and yet you ask "is gold STILL a good investment ?"

 

Boggles the mind.

[theguyfromanotherforum]

Gold has lost about 8% per year for the past 5 years while the SP-500 has gained about 12% per year during the same period and yet you ask "is gold STILL a good investment ?"
 
Boggles the mind.

So, you like investing at the top?

[tonray]

11 minutes ago, theguyfromanotherforum said:

 

So, you like investing at the top?

 

Investing in strong performing sectors and companies is a proven method. Buying stocks making new highs has proven over decades to be a sound strategy for making good returns. If you doubt me please read about Investors's Business Daily and the methods they proscribe on identifying and investing in good solid companies.

 

Gold is a crappy investment because gold does not make anything. If you invest in gold miners then you will at least invest in a company's ability to produce results, gold as a commodity only reacts to inflation and we are in a world where the major risk is deflation.

 

Do yourself a favor and start here:

 

Edited June 18, 2017 by tonray

[lkn]

The best investment is of course a condo in Montreal, I thought you had already decided that in many other threads! :)

 

[speedtripler]

Historically, gold has never been a "good investment" 

 

It can usually help maintain your wealth but its pretty terrible at making people wealthy and its basically  always been like that with a few exceptions ... 

[BuaBS]

Gold is not a good investment , but it's good for keeping your money out of banks.
And you barely get intrest , so why put it in a bank ?
The gold & silver prices are kept down by dumping massive paper gold futures/options by TPTB. If gold and silver were not manipulated , they would do the same as bitcoin and other cryptocurrencies are doing , going parabolic. Only put money in gold and silver that you don't need for the next 5 to 10 years. The manipulation will end someday . The stockmarket is high because of money printing and that's not going to stop soon . Why should they ? It works , nobody cares or worries about paper money being worthless.

By keeping Gold and Silver and oil and other commodities down , people don't see the value of their money decline , so no problem ... party on !

Edited June 19, 2017 by BuaBS

[Peterw42]

Gold can be a good hedge against stocks, as it usually does the opposite to the stock market. Gold goes down when the stock market goes up and gold goes up when the market goes down.

In most markets there are shares that directly buy gold, $10 share=$10 worth of gold (they literally put the gold in a safe). I have 2 lots of gold shares in my portfolio and like clockwork, anytime my shares are in the red, the gold shares are in the green. My portfolio stays stable.

As others have said, gold is down from its high 5 years ago, so its probably is a good investment for capital gain, if you think the market is about to have a correction.

[speedtripler]

10 hours ago, theguyfromanotherforum said:

 

So, you like investing at the top?

 

how exactly does one " devalue a bitcoin " ?

what are these credible places you speak of ?

without even knowing id say they have a vested interest in something else 

because conventional finance products and the swindlers that sell them to you 

dont want you buying anything they cant control of or make a profit from .....

Hence the negativity about bitcoin ........

 

[williamgeorgeallen]

english friend of mine went of for 3 months to be a monk. when he came back his girl had cleaned his gold out his safe and done a runner. gold was not a good investment for him.

[theguyfromanotherforum]

14 hours ago, williamgeorgeallen said:

english friend of mine went of for 3 months to be a monk. when he came back his girl had cleaned his gold out his safe and done a runner. gold was not a good investment for him.

 

Safety deposit box back in home country, not here.

 

Anyway, 

On 6/18/2017 at 7:25 AM, tonray said:

Gold has lost about 8% per year for the past 5 years while the SP-500 has gained about 12% per year during the same period and yet you ask "is gold STILL a good investment ?"

 

Boggles the mind.

 

Not necessarily true.

 

I bought a few oz about 5 years ago. While the value in US currency tanked, I am slightly up in  my Canadian currency. So, extremely poor performance, but not a loss.

 

 

[Juan B Tong]

Buy your bitcoins, but buy over time,  like years!  If you want to invest a large amount of money for a quick return odds are against you.  Drip your money in, average your cost.  You will probably lose if you stop investing or have to liquidate if you need the money.

If you can handle risk and want to make money quickly gamble at a casino.

I have always made money investing in gold.  Provided you can keep it securely.  Buy regularly in consistent amounts to average out price fluctuations.  Do this for years. If your looking for short term gains forget it.

Example:  In 2000 I started buying my girlfriend (now wife and mother of my child) one salung (1/4 Bhat Thai weight) a month.  It was a little ring or necklace.   Cost then was about 2000-2500 bhat.  She told me to stop buying when we got to 20 Bhat weight or I'd still be doing it.  Along the way she would take some of her little rings to the gold shop and swap then for a one bhat weight bracelet or three bhat necklace.  When gold last peaked she sold off a  5 bhat piece (against my advice) to plump up her bank account. That money is now mostly gone of course.   You can't wear gold on the street anymore, but she digs it out when we go up country for some local tambon and she wants do a "show off".  Years ago I did the same with Krugerrands buying small coins over time and another time buying US Eagles.

 

If your looking for another good low risk non-liquid investment try the Lending club.com. Invest in small amounts ($25 min. /minimum maturity 3 years).Or f you can handle the risk buy a condo that's in development, but that's best if you buy before they start clearing the land from an established reputable developer.

   

[Kabula]

12 hours ago, tonray said:

Gold has lost about 8% per year for the past 5 years while the SP-500 has gained about 12% per year during the same period and yet you ask "is gold STILL a good investment ?"

 

Boggles the mind.

The SP-500 is only 500 large Corporations that bought back their own stock as the herd has been heading for the doors for years!

 

You are cherry picking your numbers going back 5 years on gold.

 

The correct answer is it depends on who you talk to!

 

The best investment is storable food, and water worldwide.  In time hyper-inflation, world currency devaluations, war, social unrest and International commodity shortages; will send the price of food and water vertical if even available in some countries. Venezuela is a good example of that. You can't eat metal, paper, and bitcoins.

 

[tonray]

1 minute ago, Kabula said:

The SP-500 is only 500 large Corporations that bought back their own stock as the herd has been heading for the doors for years!

 

You are cherry picking your numbers going back 5 years on gold.

 

The correct answer is it depends on who you talk to!

 

The best investment is storable food, and water worldwide.  In time hyper-inflation, world currency devaluations, war, social unrest and International commodity shortages; will send the price of food and water vertical if even available in some countries. Venezuela is a good example of that. You can't eat metal, paper, and bitcoins.

 

Storable food and water ? oh boy...that will pay your expenses in retiremnent....5555

[Juan B Tong]

Referencing my earlier post:  

 

After mentioning this discussion on ThaiVisa to my wife, she suggested restarting the salung a month plan.

 

Her goal is to establish a 10 year plan to accumulate a 30 Bhat hoard for our 8 year old daughter.  

[speedtripler]

50 minutes ago, Kabula said:

The SP-500 is only 500 large Corporations that bought back their own stock as the herd has been heading for the doors for years!

 

You are cherry picking your numbers going back 5 years on gold.

 

The correct answer is it depends on who you talk to!

 

The best investment is storable food, and water worldwide.  In time hyper-inflation, world currency devaluations, war, social unrest and International commodity shortages; will send the price of food and water vertical if even available in some countries. Venezuela is a good example of that. You can't eat metal, paper, and bitcoins.

 

If I invested in an AK-47 I could take your food and water investment 

 

Are we still being sensible here or are we talking mad max scenarios? 

 

Gold, Btc, Land,maybe even currently overpriced stocks too will all protect you from cash erosion through inflation 

 

For the average man I would say split it up and buy 20% of each... Unless you have an advantage in any field that makes you feel more comfortable with going in deeper but if you're in that position you understand the risk reward ratio  of what you're doing better than most so carry on

 

For most people, a mixed basket is the best/safest option 

[Juan B Tong]

https://www.amazon.com/Invincible-Investing-Principal-Protection-VanderPal/dp/069285746X

[chicowoodduck]

Your best investment in LOS would be a one way ticket out of here....?

[bangkokairportlink]

14 hours ago, observer90210 said:

Swiss francs buddy...safe, stable, solid  stable country with a trustworthy economy with honest and efficient banking...a very popular global refuge currency!

 

Yes but where to keep it ? And I don't think that it's better than gold ?

 

 

[Sooo Upto Me]

14 hours ago, tonray said:

Investing in strong performing sectors and companies is a proven method. Buying stocks making new highs has proven over decades to be a sound strategy for making good returns. If you doubt me please read about Investors's Business Daily and the methods they proscribe on identifying and investing in good solid companies.

 

Gold is a crappy investment because gold does not make anything. If you invest in gold miners then you will at least invest in a company's ability to produce results, gold as a commodity only reacts to inflation and we are in a world where the major risk is deflation.

 

Do yourself a favor and start here:

 

Nonsense

[bazza73]

Gold is not an investment, it's a currency hedge. Having said that, if you hang onto it long enough it will rise inexorably in value as governments print money in a race to the bottom.

I prefer physical gold. Paper gold and gold shares are only as good as the institutions behind them, some of which have been known to dud their depositors and investors.

Platinum is also a good physical hedge. Its forward supply is only a month, it has many industrial uses and is mined almost exclusively in politically unstable countries.

[Inepto Cracy]

I play with Thai Gold here. Physical gold bars I can feel in my hands. Not paper or promisary gold investments.

Gold is not an investment, same as diamonds. Diamonds are now a dime a dozen.

The prices go up and down like a a gogo dancer in the now, ficticious playground of Pattaya.

Buy low, sell high. Yes much easier done. Over the last 6 months, I bought 60Baht worth of Thai Gold Bars at 19,100.00Baht.

I have just sold the lot at 20,650.00Baht.

You work out the numbers.

Now the price is falling again, if it hits the 19,000's again, I will buy again and sell high.

I think this helps you.

Edited June 19, 2017 by Inepto Cracy
spelling

[observer90210]

45 minutes ago, bangkokairportlink said:

 

Yes but where to keep it ? And I don't think that it's better than gold ?

 

 

true...you won't make a penny in interest with swiss francs...just a refuge currency in case there is a big drop again someday that no smart ass economical guru would have foreeseen as during the past.....put it in a cushy reliable reputable bank safe locker back home that you would have used to put in your gold bars?...banks also propose accounts in foreign currency but just be sure to chose a relliable bank that gives a state guarantee in case of bankrupcy of the banks..(usually EU banks give guarantee upto 100'000 € per bank...so remember to spread it out in different banks if you have a larger amount to secure)

Edited June 19, 2017 by observer90210

[Brunolem]

5 hours ago, BuaBS said:

Gold is not a good investment , but it's good for keeping your money out of banks.
And you barely get intrest , so why put it in a bank ?
The gold & silver prices are kept down by dumping massive paper gold futures/options by TPTB. If gold and silver were not manipulated , they would do the same as bitcoin and other cryptocurrencies are doing , going parabolic. Only put money in gold and silver that you don't need for the next 5 to 10 years. The manipulation will end someday . The stockmarket is high because of money printing and that's not going to stop soon . Why should they ? It works , nobody cares or worries about paper money being worthless.

By keeping Gold and Silver and oil and other commodities down , people don't see the value of their money decline , so no problem ... party on !

Right right right...and right!!!

[Timebandit]

But of course in Venezuela you CAN buy food with metal. Paper or bitcoin aren't accepted in black markets now. One baht (correct spelling) of gold would buy basic survival food like beans and rice for 6 months+ for 3 people. This will come to a head soon when they are shooting down children in some cases. all the soldiers are shooting at the wrong people. First, kill the bus drivers.

Yep, my mind has been boggled!

[nervona81732]

Kabula , your right on, you have your head screwed on straight. As for the others, when a social collapse happens , which is imminent, you can't eat investments or gold and silver or any other creature comfort. Humans need three things, Air ( oxygen ) , potable water and food in that order.  As for for tonray  don't snicker at Kabula. I hear paper investments are really tasty.  Golds kinda hard to digest.  Being self sufficient is the most pragmatic way to approach this issue seeing what is going on in the world.  tonray, why are you worried about paying your expenses with all your knowledge. You should be set up for anything by now. 

When that first domino falls , watch out folks they will all fall one by one. Currencies are worthless. It is going to be really sobering for the many.  Take care and cheers.

[Brunolem]

15 hours ago, theguyfromanotherforum said:

 

So, you like investing at the top?

 

Market performances of bitcoin, gold and about everything else are meaningless since markets are shamelessly and overtly manipulated...especially gold with unknown sellers regularly dumping tons of paper gold to keep the price low...the goal being to push everyone in the stock market until, one more time, it blows up...or rather down...in their face...

 

Gold is more an insurance than an investment.

It should be owned and safely kept outside the banking system.

Bitcoin, as well as most e currencies these days, appears to be in a developing bubble.

 

Ultimately, the decision to buy gold depends on the buyer's confidence in the future, and especially in the house of cards that is today's financial system...

[DUS]

I just bought another 5 baht bar at my local dealer. 

 

I don´t consider gold as an investment, it´s a kind of life insurance. That said, it is a bit "pervers" since with life (fire etc.) insurances you hope you´ll never need or use it because it means something bad happened. LOL.

 

In terms of gold as an insurance, I see it as "if the big sh$t hits the fan" I HOPE that holding a substantial amount of your total net worth in physical (!!!!) gold outside the banking system increases your chance of (financial) survival. That´s MY reason for holding physical gold. In terms of investment and speculation I also do hold gold ETFs and shares of mining companies in my portfolio. But holding physical gold and owning ETFs and shares in mining companies are 2 completely different approaches/philosophies.

[DUS]

Hehe, Brunolem, almost idential thoughts and write-ups. :-)