[theluckycountry]

$this->bbcode_second_pass_quote('', 'W')hy Gold Could Be Your Best Investment in 2024

[theluckycountry]

$AU 3,780.98 A new all time high for Gold in aussie.

[theluckycountry]

As Gold in $US rises above $2500 It's a good time to pause and look at it's performance over the past 20 years, past the IT bubble, the housing collapse and the GFC collapse, the Shale oil and covid SPACS and now the EV collapse. All those paper markets have been a roller-coaster ride and if you got in at the right time, and more importantly, got out before the collapses, you may have done well. But of course in the real world that rarely happens.

Why do we put money into these places? Because we are saving for retirement, obviously, and because we know the interest paid by banks over time doesn't allow our savings to keep pace with inflation.

Enter Gold. In $US



No it doesn't pay a dividend that accrues to see the investment grow, the compound effect. But what's that typically, 5%, 8% added per annum? Over twenty years Gold has appreciated 25% per annum on average. Far better and more than enough to offset the lack of compounded interest. And of course you don't have to worry about it "Collapsing" like WeWork shares or tesla shares.

$256,000. A quarter of a million dollars, that's what you'd have if you'd invested $50k into gold back 20 years ago. Is a quarter of a million tax free enough to retire on, to live off of for say 20 years? Perhaps not, I myself would want double that. But Gold isn't a one off purchase, You buy it as you have means and as you salary rises it takes the sting out of the rising price. At some point you say enough is enough and you just forget about it, leave it hidden in your safe or buried in the yard.

You don't have to check your App every day, or call you're 'broker' every six months. You don't have to worry about covid events or changing technology or faltering economies or any of that because Gold surpasses all that and more. In times of war and great depressions it's value rises even more! It's the no-brainer investment in your portfolio.

Oh houses down here have done well, 100% per decade and you can rent them and so the cost isn't as much upfront, but 200% isn't 512% and those homes come with many costs over time, the big one being the capital gains cost at sale. Plenty of people invest in houses, I have knows quite a few. I have watched them scramble to cut taxes at end of life, watched others lose all by being over-extended in a falling market and higher rates era. It's no dream run I assure you. I knew a spec-builder years ago who had kept 3 beautiful homes for his retirement, he was 80 when I met him, a bitter old man who refused to sell them to fund a lavish retirement because he refused to pay the capital gains taxes. You won't have that problem with a "coin collection" it doesn't accrue capital gains.

[theluckycountry]

Amid all the turmoil of the past 5 years we have this, and a new all time high.



Not that an all time high means a lot when inflation is factored in but it does prove that Gold keeps pace with inflation, that's it's secret. Shares in Tesla, a market favorite, are down 40% over the roughly same period. Are they paying dividends? Well you'd hope so but you're savings are still 40% down, and really, what hope for the future now the Chinese have undercut them? Musk is not his shareholders though, he's a lot smarter

$this->bbcode_second_pass_quote('', 'T')he stock tumbled after the CEO’s sale and fell further when electric-vehicle maker said it had delivered fewer cars than expected. ...Under SEC rules at the time he didn't have to disclose on the form whether he was using such a plan. Mr. Musk has sold more than $39 billion of Tesla shares since the stock's November 2021 peak, including almost $23 billion last year, in part to fund his $44 billion purchase of Twitter Inc.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Gold is not like a stock or a bond even, you don't have to fear that one day it will collapse in value and wipe out your hard earned savings.

[theluckycountry]

In the 1960's there was very little inflation, these coins were issued in 1966, a commemorative coin put into circulation when Australia switched to the decimal system of currency. They were 800 fine, or 800 parts per thousand fine silver. They weren't a gift! The price of an ounce of silver was about $1.50 and three of these coins contained a troy ounce of it. They are about an inch and a half in diameter. And just between you and I, they are Beautiful. Even decades old they shine with a luster and sing when you flip them.



They were only made in one year, 1966, but they minted tens of millions of them. By the end of decade they had all but been withdrawn from circulation though many millions had been hoarded for their silver content. Fifty cents in 1966, ten of them adding up to $5. A lot of money in 66 I assure you. Today ten of those coins are sold for $200 Australian through the dealers. And that's not a numismatic price, they are not rare, at $45/ troy oz that's what the silver in them is basically worth (+ commissions).

That is a forty fold increase in value and it basically shows how much our currency has been devalued by it's inflation. By the trillions of dollars that have been created since 1966. A Trillion. It's easy to say but the number defies daily comprehension.

$this->bbcode_second_pass_quote('', 'O')ne million inches is about 16 miles. One billion inches is 16,000 miles. And one trillion inches, that's 16 million miles. The average distance from the Earth to the Moon is 238,857 miles.

[theluckycountry]

Saudi Central Bank Caught Secretly Buying 160 Tonnes of Gold in Switzerland

$this->bbcode_second_pass_quote('', 'T')he Saudis have joined other Asian countries in ditching their long-term sensitivity to the gold price. Evidence suggests the Saudi central bank has been covertly buying 160 tonnes of gold in Switzerland since early 2022, contributing to the current gold bull market.

Although the Saudis played a key role in the birth of the global dollar standard in the early 1970s, this time around they might even become a lynchpin for its dissolution...

Introduction

Until recently, Saudi Arabia’s gold demand would decline when the gold price went up and strengthen when the price went south. This dampened volatility in the gold market, which for many decades was ruled by the West.

Ever since the West immobilized Russia’s dollar assets in February 2022, those with diplomatic disagreements with the West are increasingly exchanging their dollars for physical gold. Saudi Arabia is the latest country—after China and Thailand—of which I have found cross-border trade statistics showing it has shifted from being price sensitive to a price driver...

...Just like the reported gold reserves by the PBoC, the number put out by SAMA is purely political. By hiding how much precious metal the nation truly owns, the House of Saud avoids openly upsetting the United States.

But the evolution of countries in Asia storing more and more of their trade surpluses in gold—a time-tested neutral and sanction proof reserve asset—is clear. Next to 160 tonnes by SAMA, I calculate the PBoC bought 1,600 tonnes since the war in Ukraine. Both central banks, the former of the most influential country in the oil market and the latter of the second largest economy globally, must be confident in what direction the gold market is headed.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ')Like Gold it has a 5000 year history too, it aint going away, unlike pets.com and WeWork and 10,000 other investments. It aint going anywhere, but up over time.

[theluckycountry]

I bet you wish you had bought some Gold adam, but people who live tawdry lives like you just don't, they can never afford it. One of my Perth Mint kangaroos is probably worth more than both your EV's put together now No, buying Gold is not like buying houses, you need the money upfront, you can't take it on a mortgage. I only know one other bloke who went into it like I did, a businessman too that had a lot of cash passing through his hands, he did it to hide the money basically.

It's always been a good way to avoid some of the criminal taxes governments apply. The common people hate the idea of that! They are fully programed by their government to believe all taxes are necessary and anyone who illegally avoids them is a cheat and a lowlife. Meanwhile these same people see their wealth diminishing year by year. The thing is that it while it might be illegal not to declare all income it's not illegal to sell a "coin collection" and avoid capital gains taxes. But only an idiot would comply with all government laws. Go down that road and you end up burning books and then burning Jews.

I notice that in america they are already doing that. Burning the old books with any racist or white colonial references in them. Tearing down all the statues of past heroes. I guess it won't be long before they are burning old White men too, certainly they have the violent immigrant population now to do it. Just let the police turn a blind eye like they did in the BLM riots.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'I') bet you wish you had bought some Gold adam, but people who live tawdry lives like you just don't, they can never afford it.

[theluckycountry]

Are you telling lies again Adam? pretending you bought a lot of gold, just so you don't look stupid, which you are. Pretending you own Bitcoin, pretending you have this great lifestyle. If I wasn't retired and having a layback year I wouldn't even be posting here, but someone needs to keep subjects of interest up to date. You're an atypical Yank! Big mouth, no Brains, stomping across the forum adding nothing but your incessant whining, you're like a whining dog an owner left out in the cold
You're a nothing Adam, a piece of lint, a bottle cap. A true useless eater. I don't know why I'm even wasting my time talking at you? It's not like I read your posts, I don't care for the opinions of 3rd world inhabitants.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'A')re you telling lies again Adam?

[theluckycountry]

Lets look at some Gold Price charts in local currencies for a moment.

Aussie price over the last 15 years, nice and steady, reflecting our economy. Marked Covid dip, an inverse to the stock market boom then.



Russian Ruble, notice the war dip, interesting that? There would be a valid reason though, perhaps something to do with the SWIFT banning. Otherwise it's similar to the Aussie chart.



This one is interesting. The Saudi Oil Kingdom. It's long been said that gold and oil move in lockstep. What is it implying though? Simply that Gold's fortunes are tied to the availability and price of Gold. If vast volumes are being produced and the price is low, so is Gold's price.


The $US price over roughly the same period. Very close isn't it. The oil kingdom and the oil price managers. America's destiny is tied to the price of oil, just like the Saudi fortunes are. Perhaps the advent of shale oil played a big part in this slump in Gold prices but I would wager the phenomenal money printing had as much to do with it. But I'm no expert there, it's just a fact that as cheap oil flooded the nation the price of Gold fell substantially. Though not to below the pre-Great recession price. Gold has risen in response to the insane housing bubble inflation of the 00's and wasn't giving up those gains.


And the United Arab Emirates.


And, the British pound sterling ( I couldn't load a shorter chart but the same big dip is there) It's the same as the $US dollar price chart and the UK didn't embark on any Great Shale Oil boom, which is another reason to disregard that. Shale oil never made a red cent to pass on to the broader economy. It was all profits in-house, to Wall street, Banks and the companies engaged in it. And it left an $800 Billion debt in it's wake. The UK economy is like the US economy, it's basis is money shuffling, money printing and it has a big hand in managing the oil price with Brent.


So what can we say from this? It seems any nation whose fortunes are tied to Oil either as a exporter or a currency controller are in for big problems when the oil price starts to go up. That is in relative terms. The oil price could stay where it is today for the next 100 years but as it depletes those nations that have nothing to offer will find themselves pushed out of the auction room.

Australian natural resources, minerals, coal, Gas and Oil as well as many food staples and meat will keep us in the game for middle-eastern oil, but other nations who have raped their natural resources, and those with limited or no resources will be pushed back into agrarian lifestyles, as much of Africa and Asia are now, certainly as France, Germany and the UK etc are fast becoming losers. South America is another matter all together. It's really still under the Colonial Heel, the US with it's sanctions and IMF deals crippling their efforts to raise standards of living. That will change no doubt as the US withdraws into it's shell, or breaks apart in a civil war.

Interesting days ahead...

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'L')ets look at some Gold Price charts in local currencies for a moment.

[theluckycountry]

Gold is still climbing! Breaking new records every other day. Either it's still playing catchup with the inflation of the last couple of years, or the inflation hasn't abated, or their is big demand because it's telegraphing something?

Let's look at a few stories off the web.

Gold vs. Bitcoin: Why "Digital Gold" is Losing Ground to Physical Precious Metals
$this->bbcode_second_pass_quote('', 'G')old prices have surged past $2,500 per ounce, overshadowing Bitcoin, which struggles to break the $60,000 mark. This shift comes as investors anticipate the Federal Reserve may soon cut interest rates, boosting gold’s appeal as a safe haven.
For the first time in history, gold prices surpassed $2,500/oz on speculation that the Fed is getting closer to a rate cut. The previous high for spot gold, set last month, was surpassed on Friday afternoon when prices soared beyond $2,500/oz. Following dismal US housing statistics, which has bolstered predictions of quicker and larger cutbacks from the Fed, the index increased.

This comes when Bitcoin has been unable to breakthrough $60,000 and is fast losing its shine as the "digital gold."

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'G')old is still climbing! Breaking new records every other day.

[theluckycountry]

Here, listen to the Jews, if it's one thing they know it's MONEY.

Rafi Farber: Extremely Rare Gold Bull Signal Triggered For First Time Since 2001
https://www.youtube.com/watch?v=fkDDN0rNU9k

[theluckycountry]

'Get Out Of Stocks...Buy Gold' - Charles Nenner Warns Of Imminent 'End Of American Empire'

$this->bbcode_second_pass_quote('', 'R')enowned geopolitical and financial cycle expert Charles Nenner has been warning of a huge war cycle.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '[')b]'Get Out Of Stocks...Buy Gold' - Charles Nenner Warns Of Imminent 'End Of American Empire'

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'H')ere, listen to the Jews, if it's one thing they know it's MONEY.