Reply to: Gold

[DoctorStrangelove]

Would have been much more sensible to use one of these to lob one onto the roof.

Davy Crockett (nuclear device) - Wikipedia

I said "small" not "tiny".

The main challenge would be getting the damn thing somewhere close with that weapon system.

[_V_]

Ciao

[scooterscot]

Better to remain silent and be thought a fool than to speak and to remove all doubt.

Ciao

[scooterscot]

So if I buy a painting by Rembrandt or Picasso, store it in a very secure vault with expensive security costs and then sell it 2 years later at twice what I paid for it, you are saying that is not an investment?..

I would say art is wasted on you.

Tears are not enough in the world as it is you'd rather lock up a masterpiece in the darkness of a vault rather than a find a spot on the wall to be enjoyed by all who passes. Criminal.

[TheGreenBastard]

So if I buy a painting by Rembrandt or Picasso, store it in a very secure vault with expensive security costs and then sell it 2 years later at twice what I paid for it, you are saying that is not an investment?

Same for a very rare Ferrari?

Awaiting you illogical and pointless reply....

If BTC/ETH have expensive proof-of-work algorithms to secure them, are you saying it's not an investment?!

Bitcoin Energy Consumption Index - Digiconomist

[_V_]

Investments are in something you believe will grow and return a larger profit than before. Exactly what is the metal gold going to do that generates a profit? Nothing. It sits in a room eating money on security.

So if I buy a painting by Rembrandt or Picasso, store it in a very secure vault with expensive security costs and then sell it 2 years later at twice what I paid for it, you are saying that is not an investment?

Same for a very rare Ferrari?

Awaiting you illogical and pointless reply....

[Whorty]

Better to remain silent and be thought a fool than to speak and to remove all doubt.

It's too late for that with Scooty - that ship sailed a long time ago

[TheGreenBastard]

Investments are in something you believe will grow and return a larger profit than before. Exactly what is the metal gold going to do that generates a profit? Nothing. It sits in a room eating money on security.

Better to remain silent and be thought a fool than to speak and to remove all doubt.

[scooterscot]

Gold can be an investment. You've already embarrassed yourself over this. OP, ignore scooter.

Investments are in something you believe will grow and return a larger profit than before. Exactly what is the metal gold going to do that generates a profit? Nothing. It sits in a room eating money on security.

[DaveB]

Alternatively exploding a small very dirty nuclear device in Fort Knox might help your assets appreciate.

Here's an instructional video on How Not To Do It.

Would have been much more sensible to use one of these to lob one onto the roof.

Davy Crockett (nuclear device) - Wikipedia

[Old Greg]

Use gold as insurance to protect your purchasing power and nothing else. Gold is not an investment.

Price is probably going back up to $2200 in the near term.

Gold can be an investment. You've already embarrassed yourself over this. OP, ignore scooter.

[scooterscot]

Use gold as insurance to protect your purchasing power and nothing else. Gold is not an investment.

Price is probably going back up to $2200 in the near term.

[DoctorStrangelove]

Alternatively exploding a small very dirty nuclear device in Fort Knox might help your assets appreciate.

Here's an instructional video on How Not To Do It.

[WTFH]

Never try to time the market. The only reason to buy gold is as to minimise exposure for your whole portfolio. I use palladium, rather than gold for this purpose.

I prefer minimised exposure to uranium, although I'd also consider cobalt thorium G. Zeity may weigh in with advice on that one.

[GJABS]

I use palladium, rather than gold for this purpose.

You have shares in the Theatre?