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By (user no longer on site) OP
over a year ago
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New machines in Germany are allowing customers to input cash and get gold bars in return. Usually you'd have to go to a bank or broker and go through a lengthy process of opening an account, depositing funds and paying broker fees to get gold.
These machines make it far simplere and the 'fee' is taken in the form of fluctuating prices based upon the official gold price (a bit like foreign exchange prices you get on the High St.)
Couple this with the other thread on here about high prices for gold jewellery some people have been realising and it makes one wonder why gold is worth so much at the moment. Are we really that scared of paper money being worthless in the not too distant future? Is the economic climate much much worse than we're being told?
I think I need to go get me some gold from them thar hills!  |
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By (user no longer on site)
over a year ago
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I wish I could afford gold, a friend of mine has lots, he bought it many years ago, it is worth more now than he paid for it, can't say that about many things, houses maybe.
If he had kept the cash in the bank it would be worth a lot less now even with interest.
Gold seems to have been a good investment since it was first discovered, the occasional glich in the market notwithstanding.
I guess the winner of the £113 million will be well advised to invest in some gold, at the moment his capitol is worth around £8000 per day in interest but as said by the OP cash markets are much more vulnerable, property prices can crash, I wouldn't put it all into gold but I would certainly by a few bars.  |
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By (user no longer on site)
over a year ago
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A mate deals in gold, he buys old/broken jewellery and good stuff to top of range stuff - His stock value has trebeled in recent times - I cannot think of anything that outperformed that!
Chris |
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By (user no longer on site)
over a year ago
Forum Mod |
I want to know whats happeming to all this gold that they're paying good money for at the moment
Someone somewhere is stockpiling it for some reason
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By (user no longer on site) OP
over a year ago
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"I want to know whats happeming to all this gold that they're paying good money for at the moment
Someone somewhere is stockpiling it for some reason
"
That'll be the Rothschilds, the Vanderbilts and the Rockefellas then.  |
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By (user no longer on site)
over a year ago
Forum Mod |
"I want to know whats happeming to all this gold that they're paying good money for at the moment
Someone somewhere is stockpiling it for some reason
That'll be the Rothschilds, the Vanderbilts and the Rockefellas then. "
World domination by bling  |
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By (user no longer on site) OP
over a year ago
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"I want to know whats happeming to all this gold that they're paying good money for at the moment
Someone somewhere is stockpiling it for some reason
That'll be the Rothschilds, the Vanderbilts and the Rockefellas then.
World domination by bling "
Still dreaming of a white christmas huh? |
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By (user no longer on site)
over a year ago
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When i opened this thread i thought it was gonna be about the muslim banks who now have credit cards but because of their Sharia belief system, don't charge any interest, instead they charge an annual fee.
But its about gold, about which, there is as much chance of me purchasing, as there is of putting a cat in a bin, so crack on guys!!! |
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Gold prices always rise in times of war and recession, I know a couple who are presently operating Five Cash for Gold franchises in Devon, good money in it.
Rent a mickey mouse little shop and wait for the people to turn up to sell their gold...... |
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By *usterMan
over a year ago
worthing |
The Chinese are buying everything they can get their hands on. They do so because it is important in making electronics. They have also managed to plate thinner than us so a gold plated item made there uses less gold so they can make more items and sell them to us so we need to sell our gold to buy the goods.
Easy money, huh?
And because we are so poor at economics we sell it to them cheaply and then try to buy it back at lower prices.  |
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By (user no longer on site)
over a year ago
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Two reasons why gold is going up are the demand from India and China [India wedding gift and China always saved money in form of gold] and 2nd one is there's no new mines opening |
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