I wouldn't be too cocky after a 25 year kick up the azz Woofy.
Gold has ONLY JUST RECENTLY shown any reasonable gains.
If I had been in gold back then I would now be a very seriously pissed off puppy, even if I had bought gold AFTER the price went
up in 1980.
As I said, some coins could be a handy wee ATM.
There's no growth in gold.
It STORES wealth. Period.
In laymans terms, 1oz of gold will never be worth more than a good suit.
Gold has ONLY JUST RECENTLY shown any reasonable gains.
If I had been in gold back then I would now be a very seriously pissed off puppy, even if I had bought gold AFTER the price went
up in 1980.As I said, some coins could be a handy wee ATM.
There's no growth in gold.
It STORES wealth. Period.
In laymans terms, 1oz of gold will never be worth more than a good suit.
well if fiat fails it'll be worth alot
otherwise gold won't be worth holding for 20-25 years or whatever
hold gold when times are ridiculous and you look around you and say to yourself what the hell is going on
plus regardless of what's going on in the next few years, china and india will keep expanding to some extent i would think, and hold a ton of american fiat they might want to protect in some form
asians, muslims, and indians love their gold
while to the current superpower its an barbaric relic
otherwise gold won't be worth holding for 20-25 years or whatever
hold gold when times are ridiculous and you look around you and say to yourself what the hell is going on
plus regardless of what's going on in the next few years, china and india will keep expanding to some extent i would think, and hold a ton of american fiat they might want to protect in some form
asians, muslims, and indians love their gold
while to the current superpower its an barbaric relic
I wouldn't be too cocky after a 25 year kick up the azz Woofy.
Gold has ONLY JUST RECENTLY shown any reasonable gains.
If I had been in gold back then I would now be a very seriously pissed off puppy, even if I had bought gold AFTER the price went
As I said, some coins could be a handy wee ATM.
There's no growth in gold.
It STORES wealth. Period.
In laymans terms, 1oz of gold will never be worth more than a good suit.
Or a good slut for the night!
:toast:
If fiat fails.
An ounce of gold will still only buy a good suit.
And the new dollar mk2 issued by the government will have an exchange rate for gold similar to a good suit.
And decent property will still cost a frigging fortune.
An ounce of gold will still be the same as one or two weeks wages for an average stiff.
Whether that wage is 10 MK2 dollars or 10,000 MK2 dollars a week is irrelevant.
An ounce of gold will still only buy a good suit.
And the new dollar mk2 issued by the government will have an exchange rate for gold similar to a good suit.
And decent property will still cost a frigging fortune.
An ounce of gold will still be the same as one or two weeks wages for an average stiff.
Whether that wage is 10 MK2 dollars or 10,000 MK2 dollars a week is irrelevant.
well china still going strong in Q4
----------------------
Jan. 24 (Bloomberg) -- China's economy expanded more than 11 percent for the fourth straight quarter, supporting global growth as a recession looms in the U.S.
Gross domestic product rose 11.2 percent in the three months ended Dec. 31, compared with 11.5 percent in the third quarter, the statistics bureau said in Beijing today. That was less than the 11.3 percent median estimate of 23 economists surveyed by Bloomberg News.
About $7.6 trillion has been wiped off the value of stocks worldwide this year on concern that a U.S. slowdown will spread. That is complicating efforts by China, the other main engine of global growth, to curb lending and rein in consumer prices that rose 6.5 percent in December, stoking social tensions.
``Tightening too much when the U.S. is heading for a recession would be a double hit for the global economy,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong. ``Inflation is the key challenge.''
The yuan traded at 7.2260 per dollar at 10:10 a.m. in Shanghai, from 7.2250 before the report.
``The economy still faces outstanding problems, including the risk of shifting from growing rapidly to overheating, and rising inflationary pressure,'' the government said in a statement today. ``Structural problems are still prominent, growth is not efficient enough and the economic system needs further reform.''
---------------------------
japan has some issues though already
-----------------------------
Jan. 24 (Bloomberg) -- Japan's export growth slowed for a second month in December as a slump in U.S. demand sapped sales of cars and electronics in the country's biggest market.
Exports, the engine that drove almost all of Japan's third- quarter expansion, rose 6.9 percent from a year earlier, after climbing 9.7 percent the previous month, the Finance Ministry said today in Tokyo. The median estimate of 21 economists surveyed by Bloomberg News was for an 8 percent gain.
Today's numbers suggest that record exports to Asia may fail to make up for slowing shipments to the U.S., where Toyota Motor Corp. and Sony Corp. get about a third of their sales. A steeper U.S. slowdown could also stifle demand in Asia.
``If the U.S. slows sharply, then Asia will be affected quite significantly,'' said Hiroshi Shiraishi, an economist at Lehman Brothers Holdings Inc. in Tokyo. ``Exports to Asia have been underpinning Japan's growth.''
----------------------
Jan. 24 (Bloomberg) -- China's economy expanded more than 11 percent for the fourth straight quarter, supporting global growth as a recession looms in the U.S.
Gross domestic product rose 11.2 percent in the three months ended Dec. 31, compared with 11.5 percent in the third quarter, the statistics bureau said in Beijing today. That was less than the 11.3 percent median estimate of 23 economists surveyed by Bloomberg News.
About $7.6 trillion has been wiped off the value of stocks worldwide this year on concern that a U.S. slowdown will spread. That is complicating efforts by China, the other main engine of global growth, to curb lending and rein in consumer prices that rose 6.5 percent in December, stoking social tensions.
``Tightening too much when the U.S. is heading for a recession would be a double hit for the global economy,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong. ``Inflation is the key challenge.''
The yuan traded at 7.2260 per dollar at 10:10 a.m. in Shanghai, from 7.2250 before the report.
``The economy still faces outstanding problems, including the risk of shifting from growing rapidly to overheating, and rising inflationary pressure,'' the government said in a statement today. ``Structural problems are still prominent, growth is not efficient enough and the economic system needs further reform.''
---------------------------
japan has some issues though already
-----------------------------
Jan. 24 (Bloomberg) -- Japan's export growth slowed for a second month in December as a slump in U.S. demand sapped sales of cars and electronics in the country's biggest market.
Exports, the engine that drove almost all of Japan's third- quarter expansion, rose 6.9 percent from a year earlier, after climbing 9.7 percent the previous month, the Finance Ministry said today in Tokyo. The median estimate of 21 economists surveyed by Bloomberg News was for an 8 percent gain.
Today's numbers suggest that record exports to Asia may fail to make up for slowing shipments to the U.S., where Toyota Motor Corp. and Sony Corp. get about a third of their sales. A steeper U.S. slowdown could also stifle demand in Asia.
``If the U.S. slows sharply, then Asia will be affected quite significantly,'' said Hiroshi Shiraishi, an economist at Lehman Brothers Holdings Inc. in Tokyo. ``Exports to Asia have been underpinning Japan's growth.''
Eek, why do you continuously mention the 1980 high?
You have been posting its a bad investment since I began posting here...all the while its been higher each of the past several years.
You act like it was stuck there at $800 for years prior to 1980, and I didnt own it then anyways. Gold only briefly traded above $800.
Its in another multi year bull market just like the bull that took it from $35 to $800 during the last bull market.
Gold in the future before this bull market ends, will trade for thousands per oz.
Early last year when I posted it would surpass $800 per oz, you were the first to doubt that post.
It happened and now you are still making the same type of posts about gold Ive read from you now counting 3 years.
Consider the recent bottom $255 and you can do the relative math from those figures. I believe it will make a higher % move than it did during its 1970s bull market.
:wink:
You have been posting its a bad investment since I began posting here...all the while its been higher each of the past several years.
You act like it was stuck there at $800 for years prior to 1980, and I didnt own it then anyways. Gold only briefly traded above $800.
Its in another multi year bull market just like the bull that took it from $35 to $800 during the last bull market.
Gold in the future before this bull market ends, will trade for thousands per oz.
Early last year when I posted it would surpass $800 per oz, you were the first to doubt that post.
It happened and now you are still making the same type of posts about gold Ive read from you now counting 3 years.
Consider the recent bottom $255 and you can do the relative math from those figures. I believe it will make a higher % move than it did during its 1970s bull market.
:wink:
