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GOLD

Started by lester1/2jr, April 05, 2024, 02:25:14 PM

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Rev. Powell



Blue is stocks, yellow is gold. Gold can outperform in the short-term but it's a guessing game. Buy gold if you want. It's probably best as a small part of your overall portfolio, though.
I'll take you places the hand of man has not yet set foot...

Alex

#46
Quote from: lester1/2jr on October 29, 2024, 11:38:49 PMDid you know England sold all their gold at 300 an ounce https://www.bullionvault.com/gold-news/opinion-analysis/gold-1999-gordon-brown-uk-bank-england-history-050220241? Canada did the same at 1200. Way to go, guys

It was the UK, not England. That would be like saying Idaho did something when it was the whole of the USA. The gold price went down because the market knew we were ditching the gold standard and they sold it anyway because the cost of guarding and storing it would have been greater than what would have been made by waiting for a higher price.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

Trevor

My country was built on gold.
We shall meet in the place where there is no darkness.

lester1/2jr

Alex- There aren't 50 states in the UK. All the power and decisions are in England and Ireland and Scotland and England have different cultures and hate each other. very different from US

Gold has 9x it's value since then. they could have bought yachts for all the guards and still made a tidy profit

Rev- it's not as profitable as a GOOD stock, but the 20 year chart is pretty impressive. At any rate, it's just to note that it's going higher.

pacman000

Quote from: Trevor on October 30, 2024, 09:21:26 AMMy country was built on gold.
That sounds expensive. Couldn't they have built it on concrete or limestone or something?

;-)
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Alex

#50
Quote from: lester1/2jr on October 30, 2024, 03:05:29 PMAlex- There aren't 50 states in the UK. All the power and decisions are in England and Ireland and Scotland and England have different cultures and hate each other. very different from US

Gold has 9x it's value since then. they could have bought yachts for all the guards and still made a tidy profit

Rev- it's not as profitable as a GOOD stock, but the 20 year chart is pretty impressive. At any rate, it's just to note that it's going higher.

Well I guess you know more about the storage and guarding costs than me. Bit of a surprise since I actually read the report on the costs involved back then, but there you go. Afraid not all the power is in England, each of the individual states that make up the UK has its own parliment which have varying levels of powers and can make laws that effect their own territory. We do have the overarching parliament in London, but it is a very similar setup to what you have in the US with state and federal laws. I wouldn't say everyone hates everyone else, any more than I'd say all the states hate each other (I've heard people in the US critise other states just as much as I've heard people do the same about UK states). I've only been to half a dozen states but I'd say they've all had radically different cultures from each other. Utah and Nevada might as well be different countries for example.

So yeah not totally different at all. In fact very similar.

EDIT. Oh, and the PM who made the decision to sell the gold at the time wasn't English, so yeah not an English decision at all.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

lester1/2jr



Most countries have gold reserves. Paper money has to be guarded too. I used to do deliveries to the Federal Reserve building here in Boston. They look under your car for bombs and you have to go through metal detectors and so forth.

And yes Scottish People and Irish people hate England and each other. I stand by that.

Alex

Quote from: lester1/2jr on October 30, 2024, 03:49:40 PM

Most countries have gold reserves. Paper money has to be guarded too. I used to do deliveries to the Federal Reserve building here in Boston. They look under your car for bombs and you have to go through metal detectors and so forth.

And yes Scottish People and Irish people hate England and each other. I stand by that.

Some do. I am Scottish and I don't hate England or each other. I work somewhere with 2500 to 3000 people from all across the UK and we don't seem to have any problems with hating each other. But hey again I guess you know better. Stand by it all you like, but it is no different to anywhere else where yeah some people hate others but most don't.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

RCMerchant

Quote from: lester1/2jr on October 30, 2024, 03:05:29 PMAlex- There aren't 50 states in the UK. All the power and decisions are in England and Ireland and Scotland and England have different cultures and hate each other. very different from US


What country are you living in?  :lookingup:
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
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Trevor

Quote from: pacman000 on October 30, 2024, 03:10:27 PM
Quote from: Trevor on October 30, 2024, 09:21:26 AMMy country was built on gold.
That sounds expensive. Couldn't they have built it on concrete or limestone or something?

;-)

😆😀😄😃😅😂🤣🐢🇿🇦
We shall meet in the place where there is no darkness.

lester1/2jr

#55
Alex - you are feigning naivety. everyone is aware of the stereotype of Scots, Irish and Brits hating each other.

RC - does each state have a different language? America is not comparable to the UK aka ENGLAND


more to the point: Gold is doing good no matter what the UK or USA really are or is.

It's not a good thing or a bad thing it is simply a thing.


ever notice how there didn't use to be billionaires and now there are lots of them? https://en.wikipedia.org/wiki/Money_supply

Alex

Quote from: lester1/2jr on October 30, 2024, 11:20:11 PMAlex - you are feigning naivety. everyone is aware of the stereotype of Scots, Irish and Brits hating each other.

RC - does each state have a different language? America is not comparable to the UK aka ENGLAND

So you think stereotypes are accurate? I guess then that you must be a gun totting redneck who uses meth and sleeps with his sister? I mean that is a stereotype of people from the USA. I've not found it to be true, but it is a stereotype.

Not sure what you are meaning about your different language comment to RC as the parts of the UK use the same language. Even where historically there were older languages in use, they only have a few speakers in much the same way as parts of the US have people who speak native American languages. Yeah, some places will have duel language road signs and whatnot, but then again I've seen the same in the US with stuff being in English and Spanish. You are still wrong on England and the UK being the same thing, but hey you seem happy in your ignorance so I'll leave you to that (and besides you are quite amusing you with how wrong you are getting it). I would suggest though that the fact that Scotland recently voted to remain in the UK indicates that we don't hate each other that much, but feel free to cling to your outdated concepts. Just like the USA, not everyone gets along all the time but the differences are much less than you think. All in all, having spent a fair amount of time in both countries I'd have to say they have more in common than they have different.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.

RCMerchant

#57
Quote from: Alex on October 31, 2024, 03:00:02 AM
Quote from: lester1/2jr on October 30, 2024, 11:20:11 PMAlex - you are feigning naivety. everyone is aware of the stereotype of Scots, Irish and Brits hating each other.

RC - does each state have a different language? America is not comparable to the UK aka ENGLAND

So you think stereotypes are accurate? I guess then that you must be a gun totting redneck who uses meth and sleeps with his sister? I mean that is a stereotype of people from the USA. I've not found it to be true, but it is a stereotype.


It's true around here in Lawton. Meth labs were blowing up every other day here in Lawton about 10 years ago!

And yes, Les, people speak different languages. I worked at Honee Bear Canning for 30 years, and most of my fellow workers were Mexicans. Spoke Spanish. My neighbors spoke Russian. My Grandma spoke Polish!
Supernatural?...perhaps. Baloney?...Perhaps not!" Bela Lugosi-the BLACK CAT (1934)
Interviewer-"Does Dracula ever end for you?
Lugosi-"No. Dracula-never ends."
Slobber, Drool, Drip!
https://www.tumblr.com/ronmerchant

lester1/2jr

https://www.youtube.com/watch?v=hrunWjHz2PE "Which Country Do You HATE The Most? | DUBLIN, IRELAND"


RC- okay fine the 50 United States are exactly like Ireland Scotland and Britain

Alex

Quote from: lester1/2jr on October 31, 2024, 03:27:52 PMhttps://www.youtube.com/watch?v=hrunWjHz2PE "Which Country Do You HATE The Most? | DUBLIN, IRELAND"


RC- okay fine the 50 United States are exactly like Ireland Scotland and Britain

OMG I nearly fell off my seat laughing here. Do you seriously not know that Dublin is in Ireland which is not part of the UK? You'd need to look for Northern Ireland.

As I said though, yes you'll find some people that do hate the other constituent countries of the UK, but it is nowhere near what you seem to think.

Thanks for that, you've really given me a good laugh tonight.
Hail to thyself
For I am my own master
I am my own god
I require no shepherd
For I am no sheep.