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Thinking about buying Gold
Thinking about buying Gold
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Replies: 57
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but can you eat it?
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It is possible and, of course, would do you no harm. Most Au in the body is found in the big toe simply because it doesn't react much at all with anything and falls under gravity. You would have to eat it a bit at a time, but teeth are harder than Au so, yes!
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i just tried to eat my wedding ring, and can assure you that my teeth were not as strong as the Au!! A trip to the dentist is now required!
Good luck to anyone else that tries to eat gold! |
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Your ring is probably 18ct only and cu with a lot of silver and copper. Makes a big difference. Try it with pure Gold and it'll give.
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Göring 28 Apr 20:12
I've got a bar out of storage to stroke today. :D |
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I was meant to buy gold at 500 an ounce a year or so ago, but had trouble with bank transfer so didn't bother :(.
I wanna know, if the stock markets crash again (i think they will) will the price of gold fall or rise? it seems when stocks fall gold falls too, anywon have an opinion on this? |
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It depends a bit why they fall. If Goldmans goes bust (again) for example, they have a lot of Gold positions which might be unwound so both equities and Gold might fall for a period. If the stock market falls because California drops into the sea, Gold would rise quite a lot.
The key point is that, whatever the reason for the drop, the solution is the same - print more money, hold rates at zero, print more money and finally, print more money. As they print it faster than we find more Gold, it's inevitable that the price rises over the medium term. |
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Purely in terms of value gold would rise most if there was global economic failure and anarchy.
However, in practical terms the value of your gold is only worth as much as its security so unless you have the means to ward off other people in an anarchist society having such a high value asset could be your downfall. Taken to the extreme buying gold as insurance against global meltdown is a bit like being offered a million to one on your own death. Its not a bet you want to win. |
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I'd agree with all that.
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Yellow stuff going for it again this morning (as is everything else apart from the USD I suppose).
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I think you are wrong in assuming gold is of no use in a doomsday scenario, unless of course there is a complete breakdown in law and order.
If the major currencies collapse then a new one will emerge which is backed by gold. Those holding gold will be able to convert their bullion to this new currency. Of course there is a slight danger that governments will try to confiscate gold from their citizens, as they have done in the past. Thats why I keep a proportion in Zurich rather than London. |
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I never said gold would have no use in a doomsday society. It would just not be as valuable.
Charleton Heston could of had all the gold he wanted in Omega man but instead he stocked up on food to eat and weapons for protection. |
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what happened to charlton heston at the end of that film ?
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Nearly $1200 now :D I'm getting my big ones out and rubbing them... :D
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i dunno what yr so happy about. the gold price merely marks the clock counting down to armageddon
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Can someone possibly give me a percentage regard silver prices over the last 6 months or so. Greatly appreciated thanks.
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100%
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