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Wattie

Wattie

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8,640
Delmonte said:
I don't disagree with any of that. And I wasn't wanting an argument. But I have been watching gold for about 3 years and had a few dabbles, and just haven't seen it do anything in that time except meander between 1600 and 2000 (spot). Against dollar.
Certainly haven't seen an upward trend in that time. Yet.
I always expected the pound to suffer post brexit, that doesn't surprise me in the least.
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R u a $ investor?

If not, then the only performance u should be interested in is it’s returns in your base currency!


106353

Frankly I don’t care if Gold drops to $900 if it protects my purchasing power by rising in value in my “base currency” which is what it historically does.

Typically if the USD rises, the Gold price in USD falls but that loss is offset against the currency gain.

Make sense?
 
Wattie

Wattie

Member
Messages
8,640
Delmonte said:
I don't disagree with any of that. And I wasn't wanting an argument. But I have been watching gold for about 3 years and had a few dabbles, and just haven't seen it do anything in that time except meander between 1600 and 2000 (spot). Against dollar.
Certainly haven't seen an upward trend in that time. Yet.
I always expected the pound to suffer post brexit, that doesn't surprise me in the least.
Click to expand...
Another observation….. “just haven't seen it do anything in that time except meander between 1600 and 2000 (spot)” in a pretty short time period.

Thats a return of 25% (in pure $ terms) which I would suggest is pretty decent for an asset with low risk.
Couldve sold at the high’s.

It’s perhaps a sign of the ridiculous times, highly manipulated investment environments that we live in that this is perhaps perceived as poor.

(Compare it with deposits)

If you expected the £ to suffer did you protect yourself against it……do you still think it will or is it going to rally back to where it was?
 
DLax69

DLax69

Member
Messages
4,292
Wattie said:
Another observation….. “just haven't seen it do anything in that time except meander between 1600 and 2000 (spot)” in a pretty short time period.

Thats a return of 25% (in pure $ terms) which I would suggest is pretty decent for an asset with low risk.
Couldve sold at the high’s.

It’s perhaps a sign of the ridiculous times, highly manipulated investment environments that we live in that this is perhaps perceived as poor.

(Compare it with deposits)

If you expected the £ to suffer did you protect yourself against it……do you still think it will or is it going to rally back to where it was?
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I am an absolute idiot when it comes to this stuff...so what does it mean when literally every other currency in the world is at or near record lows against the USD...? Other than I need to take a vacation...?
 
Wattie

Wattie

Member
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8,640
DLax69 said:
I am an absolute idiot when it comes to this stuff...so what does it mean when literally every other currency in the world is at or near record lows against the USD...? Other than I need to take a vacation...?
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It means you should have bought $ or any other $ valued asset as a hedge against your falling currency.


By the way they could go lower…..if war escalates (see todays Nord Stream explosions) do you think everyone will rush to Sterling…….
 
DLax69

DLax69

Member
Messages
4,292
Wattie said:
It means you should have bought $ or any other $ valued asset as a hedge against your falling currency.


By the way they could go lower…..if war escalates (see todays Nord Stream explosions) do you think everyone will rush to Sterling…….
Click to expand...
that's an interesting thought. I do wonder who is actually responsible for the Nord Stream mayhem...
 
Zep

Zep

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Messages
9,270
That’s a good question, thanks.

He was afraid of sharks and liver, but not at the same time.
 
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