Reply to: Surviving the Recession

[WageSlave]

If you want to make big bucks, invest in my production company. Just because the recession is biting doesn't mean people have to give up the old wrist action.

I currently have "Nina's nudie shopping spree" in production. It's bound to be a ratings winner!

[threaded]

Buy shares in Iceland, Asda, Matalan and Greggs. Nuff said.

Maybe not, the Icelandic economy is having major problems because that guy is making so much money.

[Not So Wise]

I've never heard gold bars described as portable before...

Buy yourself a truss before picking one up.

Property/Land = Non portable
Gold,Jems,Cash = Portable

Though i have heard of some currencys being classed as "non portable" due to restrictions placed on them by the issueing government.

[Lucifer Box]

Invest in booze 'n' fag companies - recession proof.

[thunderlizard]

Buy shares in Iceland, Asda, Matalan and Greggs. Nuff said.

[ancient]

Market Data

Last Updated: Thursday, 06 October, 2005, 19:53 GMT 20:53 UK

price change %
Brent Crude Oil 58.61 4.74 7.5

West Texas Intermediate Crude Oil 61.20 4.95 7.5

GTIS Forex Gold Index 473.30 8.60 1.9


- At last the oil price appears to be going down (-7.5%) - Perhaps good for Japan, US, and Europe

- Gold is up a little today (+1.9%)

http://newsvote.bbc.co.uk/1/shared/f...ew/default.stm

[ancient]

During a recession rare (or limited) commoditys like gold always increase in value as people pull out things like the stock market/currency trading and property (as these are normally going down)

During a boom the opasite normally happens

Yes, but Asia is also a major gold consumer, and a good dose of bird flu could damage the demand side.

This bird flu thing once (if) it hits is going to be a big thing.

Markets can be slow to react, I am thinking of taking my money out of the market.

That said, I would rather hold portable and tangable gold bars, rather than some debt ridden yankee dollars, pounds or euros

[Fungus]

During a recession rare (or limited) commoditys like gold always increase in value as people pull out things like the stock market/currency trading and property (as these are normally going down)

During a boom the opasite normally happens

Forget pork bellies or gold. Buy concrete.

China is consuming more than half the world's concrete and consumption is increasing.

Fungus.

[Not So Wise]

Milan,
I am just questioning if Gold is a sure bet. I think not.

During a recession rare (or limited) commoditys like gold always increase in value as people pull out things like the stock market/currency trading and property (as these are normally going down)

During a boom the opasite normally happens

[Xenophon]

You may dream of having gold in a box somewhere and presumably the picture is completed by you parking outside in your flash car with the blonde waiting whilst you nip in a take some out.

If Milan is from Milan then he won't have a flash car. He'll have a scooter. Fact.

[damyarn]

Milan,
I am just questioning if Gold is a sure bet. I think not.

Sure, cash will devalue during inflationary periods, IF it is not earning any interest. I tend to put mine somewhere where it earns interest.

You may dream of having gold in a box somewhere and presumably the picture is completed by you parking outside in your flash car with the blonde waiting whilst you nip in a take some out.

Get real. Open a savings account like the rest of us and set up a standing order.

[Xenophon]

devalue means the amount of cash you have will remain the same but the costs of good and service will rise due to inflation

Milan.

condescend
Main Entry: condescend
Part of Speech: verb
Definition: talk down to

[milanbenes]

damyarn,

"Why Gold? Is it guaranteed to go up during recessions?
Why not good old fashioned reliable cash.",

aren't you the guy who got ripped off on ebay ?


you keep your cash and have fun watching it devalue come the recession


devalue means the amount of cash you have will remain the same but the costs of good and service will rise due to inflation


Milan.

[ladymuck]

who's buying gold to survive the impending recession ?

Milan.

I already have my stash that I found in switzerland, had some kind of eagle emblem stamped on it and that funny bent cross symbol.

[damyarn]

who's buying gold to survive the impending recession ?

Milan.

Why Gold? Is it guaranteed to go up during recessions?
Why not good old fashioned reliable cash.