Owning gold vs fiat | Metals Mine

Options

Permalinks
Print Thread

Similar Threads

Spot gold EA from OG gold system 8 replies

Gold Miner - Gold future support and resistance level trade 7 replies

Owning gold vs fiat

  • #1
  • First Post: May 5, 2010 11:16am May 5, 2010 11:16am
I have the feeling that both dollar and eur is in a long term a dangerous way to keep the money I want to keep for my kids.

You think buying gold would be a good way to make sure these money are not lost due to crashes or what ever thing can happen in the world. Is it true ?

Should I put my money in there especially if I'm not planning to touch them ?

Thanks
  • #2
  • May 5, 2010 11:34am May 5, 2010 11:34am
Money is papers that are subject to devaluation. Gold was at price at all ages.
The more experience the closer to the reality
  • #3
  • May 6, 2010 10:52am May 6, 2010 10:52am
When the economic crisis was worsening in USA and dollar was going down the Gold was rallying. Looks like it has connection to the most important world currency.
I traded Gold in the past and I would describe that it goes correctly and reasonably.
The more experience the closer to the reality
  • #4
  • May 7, 2010 12:29pm May 7, 2010 12:29pm
Gold is good for a paper weight... With Alpari, you can trade gold on an FX account.

You would probably better buying a barrel of oil for investment...

But thinking on the gold...It would be nice to give to your kid(s) an asset they can decide to keep or sell when they get to adulthood... I wouldve loved a bar of gold...I wouldve been like "woah!!!! ACE"...actually if my missus gave me a gold bar for christmas..I would be quite excited lol

But who knows...where oil or gold will be in 10 years time eh.
  • #5
  • May 7, 2010 12:49pm May 7, 2010 12:49pm
Quoting Acedup
I wouldve loved a bar of gold...I wouldve been like "woah!!!! ACE"...

But who knows...where oil or gold will be in 10 years time eh.
Women think differently.
I am sure if you have money and you invest in gold for
a long time, in any way you will not be loser.
The more experience the closer to the reality
  • #6
  • May 7, 2010 1:12pm May 7, 2010 1:12pm
Quoting Ivan
Women think differently.
I am sure if you have money and you invest in gold for
a long time, in any way you will not be loser.
Owning a 400 ounce bar of gold would be nice, but a little out of my budget at the moment lol.
  • #7
  • May 7, 2010 2:49pm May 7, 2010 2:49pm
Won't hurt to keep 1-5% of your assets in physical gold. The whole diversified portfolio thing...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #8
  • May 11, 2010 6:51pm May 11, 2010 6:51pm
Thanks for the feedback.

The oil idea seems nice...I think that investing in gold on forex market would make me touch them from time to time and it's probably a bad idea since I'm pretty noobish.

Was thinking to get some gold bars and put them in bank .

Any recommended seller on the market with low spread for gold bars?

Cheers
  • #9
  • Edited 9:46pm May 11, 2010 9:34pm | Edited 9:46pm
Here is an example of the performance of Gold over the past 10 years. While only initially protecting 300 per oz.

So if the OP bought in - in 2000 he would now have 4 times the cash of initial investment.

300 an oz! Oh How nice that would have been...
Also - Gold is a tangible asset, highly liquid, stores value / protects purchasing power, alternative to fiat currencies, etc.
Try fitting 100 barrels of crude cannot fit easily in a safe!

If I can give a suggestion, I would look at silver now for long term physical buy.

Quoting fahren
Was thinking to get some gold bars and put them in bank .
This is precisely what you want to do.
I would NOT recommend taking a long term (mulit year) position on FX Gold for various reasons. PM Me if you want some reliable Big Dealers

http://www.kitco.com/LFgif/au00-pres.gif

Quoting Acedup
You would probably better buying a barrel of oil for investment...

But thinking on the gold...It would be nice to give to your kid(s) an asset they can decide to keep or sell when they get to adulthood... I wouldve loved a bar of gold...I wouldve been like "woah!!!! ACE"...actually if my missus gave me a gold bar for christmas..I would be quite excited lol

But who knows...where oil or gold will be in 10 years time eh.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #10
  • Last Post: Jul 27, 2010 8:40am Jul 27, 2010 8:40am
You can invest a certain percentage of your free cash (like 10% to 20%) into gold & silver.

It is a good hedge of inflation.

Money just devalues as time passes due to inflation.

Keeping a lot of cash/money in bank will never serve you well.
0 traders viewing now