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Look what cpf board says about gold investment
- Thread starter hockbeng
- Start date
Gold is safe heaven from inflation caused by too much fiat money and low interest. Those CPF guys ought to be fired.
http://peterschiffchannel.blogspot.com/2011/08/peter-schiff-treasuries-are-not-safe.html
Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute
<iframe width="480" height="390" src="http://www.youtube.com/embed/pRVA71gkjx4" frameborder="0" allowfullscreen></iframe>
http://peterschiffchannel.blogspot.com/2011/08/peter-schiff-treasuries-are-not-safe.html
Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute
<iframe width="480" height="390" src="http://www.youtube.com/embed/pRVA71gkjx4" frameborder="0" allowfullscreen></iframe>
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Gold's value arise from its scarcity and demand. It has no intrinsic value. Companies make real products / service and have actual earnings (other than the swindler American banks).
Gold is too risky especially at current level. It should crash over the next 12 months.
Gold is too risky especially at current level. It should crash over the next 12 months.
If Gold has no value, then why is there a demand? Think!
Currently, USD as measured against Gold, USD is going down the drain. So long as Fed keep printing money from thin air, Gold has no ceiling from the raise.
If you bought gold few years back when it was in the USD800 region, you can sell it for almost USD2k now. While if you keep that USD800 under your bed, it's value or purchasing power has reduced due to inflation.
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Speaking of GOLD, have anyone here in SBF every question this?
WHY IS GOLD always taken as a benchmark for value? Why is this commodity taken as a standard of measurement of value?
Don't you think this is interesting... up till now, I am not able to get a satisfactory answer to this...
Here is my TAKE, assuming worst case scenario of all paper currency going bust... when there are shortage of everything, you can still use GOLD to exchange for food, weapons, safe passage, water, etc...
and the question is, WHY? WHY GOLD is taken as a fallback standard measurement value...
WHY IS GOLD always taken as a benchmark for value? Why is this commodity taken as a standard of measurement of value?
Don't you think this is interesting... up till now, I am not able to get a satisfactory answer to this...
Here is my TAKE, assuming worst case scenario of all paper currency going bust... when there are shortage of everything, you can still use GOLD to exchange for food, weapons, safe passage, water, etc...
and the question is, WHY? WHY GOLD is taken as a fallback standard measurement value...
Gold is valuable only because it is scarce, it is beautiful, but most importantly it is valuable because everyone agrees it is valuable - this is the most popular saying if you google "why is gold valuable". I wouldn't compare gold against US$ which is on the verge of becoming banana money.
Because every investment instrument seems risky during uncertain times, hence everyone the world over exchange currencies for safe haven - gold. But supposing at some point people start to be more rational and believe that there are still a lot of decent businesses making money especially in Asia... and supposing the conmen from Goldman Sachs or BOA starts to pour their clients' money into some of these Asian equities and pull money out of gold - then gold will simply crash. India is one of the biggest consumer of gold but you can't depend on a nation of crooks to keep up gold prices.
When gold price does crash in the next 12 months, i expect a lot of investment bankers start to make "profound analyses" on why did gold price crash... but in fact it is pretty obvious.
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The Rothschilds, that's been controlling gold prices for over a hundred years and own the most gold in the world (they bought 50% of Britain's gold reserves ) gave up the gold business just before the amazing bull run........................
why ???
if gold is going up .....................why got shops selling gold to you ???
why ???
if gold is going up .....................why got shops selling gold to you ???
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Becos gold is money since the time of the pharaohs, kings and emperors.
It is beautiful, scarce and non-perishable. It can be subdivided into equal parts of similar quality. It is an element so it's in the purest form. It also cannot be destroyed.
Anything can be used as currency for exchange of goods & services: some may prefer barter trade like trading rice for meat but u can't store it's value cos it's perishable. You can use gems, jewels or diamonds but they cannot be subdivided into equal parts of similar quality. There are also many different grades of diamonds or precious stones.
You can use crude oil but it's bulky and messy to store, and it can be ignited and burnt away.
Gold is not a company/equity.
Gold is money.
Money is a medium for exchange of goods and services.
Paper money also has no intrinsic value. You can't eat cash. But fiat currency can be printed causing debasement of the fiat currency. Price of gold tells us this.
Most people still don't understand that gold is not an investment but like a stored valued card or battery that retains it's purchasing power or energy over a long period of time.
You can adjust the price of almost anything like oil, real estate, rice, sugar, corn, wheat, iron, copper and price it in gold instead of USD since 1971 when America dropped the gold standard ; priced in gold everything remains almost flat
