Get all cash out of the bank

[CL]

What you're saying is true now. But it looks to me like gold outperformed the other one for about 50% of the time period shown.

You're wasting your time Noel. The 'person that lacks culture and moral principles' doesn't understand my point on gold and diversification.

The whole point to owning gold is to have a safe store of value when economies are collapsing. What it is worth in terms of bits of paper in perilous times is irrelevant.

Anyone who thinks that pumping money into the economy is going to cure our country of it's moral ills is simply deluded.

[Stagger]

Gold and Land & Property are the places for the long term. They both just keep growing in value.

[Derby Tup]

Anyone who thinks that pumping money into the economy is going to cure our country of it's moral ills is simply deluded.

Chris, what are these moral ills you're referring to? I thought money was being pumped into the economy to stimulate it, not cure us of our sins

[TheHeathens]

You're wasting your time Noel. The 'person that lacks culture and moral principles' doesn't understand my point on gold and diversification.

You don't have a point, and you've ended up with egg on your face.

The whole point to owning gold is to have a safe store of value when economies are collapsing. What it is worth in terms of bits of paper in perilous times is irrelevant.

Economies aren't collapsing though are they Mr Doomlord? 3 countries out of recession this week; things are bad but not 1930s depression bad. I'm aware of the worth of gold and include exposure to it in our portfolios, but let's not go over that again - I've proved you wrong once.

Gold did very well (as I predicted earlier in the thread) and then dipped in price. If you'd stuck all your money in gold from last October, you'd have made less money than in a diversified portfolio. It's very simple to anyone with even the basic grasp of economics which I'm sad to say you're lacking.

Anyone who thinks that pumping money into the economy is going to cure our country of it's moral ills is simply deluded.

Irrelevant tangent #187. A sign Mr Wikipedia knows he's out of his depth. Who mentioned Quantitative Easing and the country's moral ills?

[TheHeathens]

Gold and Land & Property are the places for the long term. They both just keep growing in value.

Not necessarily. Gold peaked in 1981 and it's inflation adjusted price was $2200 / oz. It's hovering between $900 and $1000 now.

[CL]

Chris, what are these moral ills you're referring to? I thought money was being pumped into the economy to stimulate it, not cure us of our sins

Well you could start with the post below your last one. The cause of the credit crunch was political, based on our philosophy of benefits and sacrifices. If you don't understand this, you'll have to trawl through my older posts.




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Diversification: Gamblers fallacy.

[TheHeathens]

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Diversification: Gamblers fallacy.

Christopher Leigh: Argumentative Fraud proven wrong

[skennaugh]

Would any of the forum ladies like me to give them a large deposit??????....

You git!

[noel]

I see gold has been on the up again:
http://www.business24-7.ae/Articles/...176090423.aspx

Does this mean you'll be retiring CL?

[Stolly]

Its very easy to prove an argument looking backwards but I'd say that gold has done 'rather well' over the past 10 years:



Here I've compared it to the crap (FTSE100 index), the very crap of late (the IPD all property index) and the steady eddie (government gilt index).

Here endeth a very boring reply to a pretty boring thread