Ziad wrote:Well taking of gold, only in 2005 it was well under 500usd then rose to 1900usd in 2011 and then dropped to 1000usd in 2016. Now its on the rise again.
My prediction history will repeat itself, and we are cost towards the top than the bottom on this cycle. You buy it now and in 5 years you likely will be losing money... hold for 20 years probably make money.
But put the same money into a house or a bank shares... you probably be higher and no chance the apex gang can steal your life savings, as we see putting them in the Perth mint is same as giving government the control on your gold
Ziad wrote:straightS mate as you probably already know one thing that America has over Zimbabwe is people are conditioned to trust it. So the demand remains there.
Shares is a piece of paper, but it does have an intrinsic value..... which is the asset sheet of a company. So you can in most cases have a pretty good idea how the company is going. Ofcourse a huge part of a value of the shares is the gambling part.
Going back to what SS said, i have noticed over the years quite a few times where countries have tried to get out of the US currency system of payments and everytime, something happens, the government is changed. there is either a revolt in that country, or America goes to war with it, or just the president etc is killed...... i wonder why
TassieTiger wrote:I just don't see it mate. The russians, chinese and the worlds richest elitists are buying so much physical gold. They know there will be a lot of instability in the future and gold is their safest bet. Speaking of elities a lot of elitists are buying up land in NZ. NZ is meant to be the safest place in the world if major economic collapse was to happen. Funny how the mass shooter over there never had a job but travelled the world spending a lot of money and went to places like Pakistan, North Korea and Syria. I am not saying he is somesort of operative but he fits the profile.
wanneroo wrote:I've done well with Rio, I look at it as a long term hold and they pay nice dividends. It's something I plan on holding for decades to come.
Stoney wrote:You talk about real estate being a good investment right. What about when your very own Government abolishes Paper Titles for land as proof of ownership as in Qld now. The only proof of ownership is with guess who? As the paper title is now void and a copy is unavailable. One press of a button and you are now homeless. https://rcrlaw.com.au/certificate-of-title/ This is why I am buying precious metals.
Ziad wrote:Well taking of gold, only in 2005 it was well under 500usd then rose to 1900usd in 2011 and then dropped to 1000usd in 2016. Now its on the rise again.
My prediction history will repeat itself, and we are cost towards the top than the bottom on this cycle. You buy it now and in 5 years you likely will be losing money... hold for 20 years probably make money.
But put the same money into a house or a bank shares... you probably be higher and no chance the apex gang can steal your life savings, as we see putting them in the Perth mint is same as giving government the control on your gold
StraightWhiteMale wrote:Everyones money is online as well as their title deeds and whatever else. As we all know technology does f*** up. Imagine having cash in the bank and the next day its not there anymore. How are you going to prove anything? Considering we have no Bill of rights in this country and are entitled to nine tenths of f*** all.
StraightWhiteMale wrote:Platnium has always been worth more than gold but its uses are limited and has never been used as money. Rhodium and palladium are going insane at the moment but like platinum they are rarer than gold but their uses are mainly for catalyst converters and they are tied to industry. When the economy tanks they tank.
TassieTiger wrote:
So you hear of some countries going through various processes to get gold and the like from tech products, phones, others get radium from gnome detectors, etc - does this scrap also fluctuate in price as a result ? And cat converters have long thought to be land fill - but will rhodium prices allow ppl to develop a recovery process to resell?
StraightWhiteMale wrote:Rio is good, at least they have something that people want and is a physical product. The big problem is all these so called tech companies that are “worth” billions of dollars that offer nothing physical. Their bubble will burst because they are nothing but speculation. Have a look at the worlds richest companies 100 years ago and a lot of them do not even exist anymore. Kodak in the 80s and 90s was a massive company. Now it is nothing because people don't buy film or cameras anymore. The funny thing is Kodak invented the digital camera but they did not have the foresight to adapt to market change.
I'm assuming you have received your return on investment from your buy in at rio so all your dividends are profit. If this is the case than that is great and what you want mate so hold on till the end of days mate.