Australian (ASX) Stock Market Forum

Investing in Gold

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divs4ever said:
compounding is nice , but that implies a lack of durability if silver/gold grew by itself , the world would by mostly silver/gold by now

or at least significantly so as well have known of gold ( and silver ) for at least 4,000 years

and interest implies the risk of capital loss
Click to expand...

An item doesn't have to grow to compound, it just has to throw off income that can be used to buy more of that item.

For example, if you owned a piece of land that you leased, you would get all the inflation protection you would get from owning a similar value of gold, however every year it throws off some income you can reinvest to grow your land holding.

So after 20 years you own not just the original piece of land, your total land holdings have probably doubled, essentially you owned an ounce of gold that turned into 2 ounces.

There is a reason the Royal family owns land and other assets in their estates that support them, if they just owned gold they would have been broke centuries ago.
 

141,009 views May 14, 2024.

Paul Buitink talks to Peter Schiff, founder of Schiffgold, about the increasing global debt levels. When Paul asks which currency is in the most trouble, Peter responds that's it looking bad for all and especially for the US dollar.
It's just because of its world reserve status that on the surface the dollar still doesn't look as bad as the others.He believes that debt will increase in both the U.S. and the EU, with politicians prioritizing reelection over the economic and public well-being.
This unsustainable trajectory, he warns, may lead to Argentina-style inflation, because politicians won't dare to default.
Peter talks about the endgame for the current financial system and the role the dollar and gold will play going forward.Peter remains skeptical about the value of cryptocurrencies like bitcoin.
In his view, a cryptocurrency only has real value when backed by a tangible asset such as gold. Without such backing, he argues, cryptocurrencies lack inherent value. Peter says you have to protect yourself with gold and other non-printable assets. The US presidential election results will not change that since both candidates will bring more inflation.
 
noirua said:

141,009 views May 14, 2024.

Paul Buitink talks to Peter Schiff, founder of Schiffgold, about the increasing global debt levels. When Paul asks which currency is in the most trouble, Peter responds that's it looking bad for all and especially for the US dollar.
It's just because of its world reserve status that on the surface the dollar still doesn't look as bad as the others.He believes that debt will increase in both the U.S. and the EU, with politicians prioritizing reelection over the economic and public well-being.
This unsustainable trajectory, he warns, may lead to Argentina-style inflation, because politicians won't dare to default.
Peter talks about the endgame for the current financial system and the role the dollar and gold will play going forward.Peter remains skeptical about the value of cryptocurrencies like bitcoin.
In his view, a cryptocurrency only has real value when backed by a tangible asset such as gold. Without such backing, he argues, cryptocurrencies lack inherent value. Peter says you have to protect yourself with gold and other non-printable assets. The US presidential election results will not change that since both candidates will bring more inflation.
Click to expand...

And there will be a link on the bottom the video to purchase gold though schiffgold
 
Good morning,
Cited within AFR today (20/05/24):

Romano Sala Tenna, chief investment officer at Katana Asset Management, loves gold. He says it can act as a hedge against inflation and government money printing. “I definitely think US government debt is past a tipping point and people realise they’re going to have to print money above the rate of GDP [gross domestic product] to dilute the currency and that will boost gold,” says Sala Tenna.

Kind regards
rcw1
 
www.metalsdaily.com

MetalDaily.com | Live Gold Prices, Gold Charts and Gold Headlines

MetalsDaily.com aims to bring you the latest gold news, live gold prices and gold charts and will soon be an online shop for buying gold bars and gold coins.
www.metalsdaily.com www.metalsdaily.com
Meanwhile time is against the Fed ... they need to keep rates higher for longer to defeat inflation, but there is a mounting crisis in the US with many regional banks suffering and the commercial real estate sector in crisis. So the Fed also need to cut... and fast. And a rate cut traditionally signals double digit gains for gold.
 
noirua said:
Gold Plunges in New York: View attachment 178371
Click to expand...
That doesn't surprise me @noirua . Lotsa talk of Asian in particular the Chinese Govt. cutting back on purchases of Gold. A proper retracement was overdue. I've put 4 w before Dewali which is the first Indian festival to kick off as a point in time to consider adding. Retail will come to the rescue. Hopefully there will be a decent buying opportunity around the beginning of October 2024.

My expectation that the Indian and Chinese cousins heading in to the marriage season will support my favourite metal depends on their economies of course but I don't see anything stopping them from achieving a better GDP this year than last, the former from a reasonable base and the latter as part of a recovery.

I guess the headline will be " Virgins ( if such a person exists nowadays pre marriage ) to the rescue". Alas I'm not all that positive about Gold over the next 3-4 months, although I'm not selling. The Israeli and Palestinian cousins continue to bash the bejayzus out of each other in a flight to the moral high ground and land of course, the Russian and Ukrainian cousins similarly and there are a dozen monsters leading countries here and there about to go down the path of war.

gg
 
noirua said:
Gold Plunges in New York: View attachment 178371
Click to expand...
the next predictable peak will be the Indian marriage season ( and see if India is still buying from Western markets or the BRICS partners )
Garpal Gumnut said:
That doesn't surprise me @noirua . Lotsa talk of Asian in particular the Chinese Govt. cutting back on purchases of Gold. A proper retracement was overdue. I've put 4 w before Dewali which is the first Indian festival to kick off as a point in time to consider adding. Retail will come to the rescue. Hopefully there will be a decent buying opportunity around the beginning of October 2024.

My expectation that the Indian and Chinese cousins heading in to the marriage season will support my favourite metal depends on their economies of course but I don't see anything stopping them from achieving a better GDP this year than last, the former from a reasonable base and the latter as part of a recovery.

I guess the headline will be " Virgins ( if such a person exists nowadays pre marriage ) to the rescue". Alas I'm not all that positive about Gold over the next 3-4 months, although I'm not selling. The Israeli and Palestinian cousins continue to bash the bejayzus out of each other in a flight to the moral high ground and land of course, the Russian and Ukrainian cousins similarly and there are a dozen monsters leading countries here and there about to go down the path of war.

gg
Click to expand...
if mining costs continue to rise in the same period there might be an opportunity to buy selected miners at a fair price though

cheers
 

Gold: The Story of Man's 6000 Year Obsession | Part 1 | ENDEVR Documentary​


Gold: The Story of Man's 6000-Year Obsession | Part 2 | ENDEVR Documentary​

 
Value Collector said:
An item doesn't have to grow to compound, it just has to throw off income that can be used to buy more of that item.

For example, if you owned a piece of land that you leased, you would get all the inflation protection you would get from owning a similar value of gold, however every year it throws off some income you can reinvest to grow your land holding.

So after 20 years you own not just the original piece of land, your total land holdings have probably doubled, essentially you owned an ounce of gold that turned into 2 ounces.

There is a reason the Royal family owns land and other assets in their estates that support them, if they just owned gold they would have been broke centuries ago. i got a result here https://www.psucollegian.com/furtheringeducation/best-gold-ira-companies-for-rollovers/article_7f3ae5c6-2ee5-11ed-8f69-cba677c82fc1.html
Click to expand...
thank you so much for your suggestion
 
Jordan Roy-Byrne thinks odds are increasing for a retest of the breakout level of U$Gold or maybe a pullback to a long term moving average (150d or 200d). This would repeat the behaviour of the last two major breakouts in gold and be a buying op for the stocks. Charts:
thedailygold.com

Historical Comparisons for Gold Right Now

Gold has made six major breakouts since the end of the Gold Standard in 1971. Only two of the breakouts retested the breakout. Those two were the ...
thedailygold.com thedailygold.com
 


I agree with all this as I've invested about 25% in gold shares and further in a Tallymoney Gold Debit Card and shares in Tally Central Limited a private company in offshore Guernsey. Take care.
 
qldfrog said:
Hi @noirua , are you based O/S or using a VPN
You link was not accessible..in my country..which is still Australia
Click to expand...
Apologies for not responding to your posts and others. I have tried it again with VPN in several domains and without and it runs perfectly. It was posted while in Guernsey or Sark and works in the UK.

It should work if you click, 'watch on Youtube' which is on the screen.
 

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