Announcement

**Cruddy** · June 11, 2003, 02:13

Originally posted by Mao
So...gold is the way to go?

It's not a bad way to go, although if you leave the cash in a back account till the price is a bit better you would be doing yourself a favour.

Diamonds are a lot more portable though - just make sure you get a recepit so that trading them back isn't a hassle (maybe 5% diamonds are stolen or "blood" diamonds so best to be safe with them.) Same goes for any investment really.

If you want to MAKE money over the long term, go bonds (especially guaranteed govt "gilts").

If you want a GAMBLE, go stock market.

If I was in your shoes those Mex commerative coins would look the best bet. I appreciate it's a long way to Mexico from your location - but I honestly don't see a closer source for gold/diamonds. Good luck with the research.

**Saras** · June 11, 2003, 02:34

Originally posted by GP

I always hear that fund managers underperform a random pick or the index itself. so what you should do is just bet opposite of the fund managers.

now please get me my Liar's Poker sized trader bonus....

How does this industry survive? Seems like a self perpetuating circle of lies and blind faith.

**Ecthy** · June 11, 2003, 04:45

Now we all know panag is a diamond trader in Amsterdam.

**Panag** · June 11, 2003, 09:36

Originally posted by Ecthelion
Now we all know panag is a diamond trader in Amsterdam.

no i am not , so stop trolling with these type of comments , ....

**Cruddy** · June 11, 2003, 10:03

Originally posted by Ecthelion
Now we all know panag is a diamond trader in Amsterdam.

Listen to the roar of laughter (listens)..

Damn, it's quiet.

**Ecthy** · June 11, 2003, 11:02

I find it funny as hell, thank you

**Japher** · June 11, 2003, 12:05

I thought it was funny.

I think Gold is the best bet here for an inflation following investment, to hold time value of money. $2000 ain't much... Heck, if you never want to see it again, throw it in an IRA, you'll never miss it.

**Panag** · June 11, 2003, 12:28

Originally posted by Japher

I thought it was funny.

I think Gold is the best bet here for an inflation following investment, to hold time value of money. $2000 ain't much... Heck, if you never want to see it again, throw it in an IRA, you'll never miss it.

hi ,

the gold price moves up and down like a roller coaster , you are better of with other metals then gold , ....

one exception ; golden coins and jewelry

have a nice day

**Kramerman** · June 11, 2003, 15:42

Originally posted by Ecthelion
Now we all know panag is a diamond trader in Amsterdam.

is this an inside joke im not getting? (but stil funny knowin panag...)

**TCO** · June 11, 2003, 20:56

Originally posted by Saras

How does this industry survive? Seems like a self perpetuating circle of lies and blind faith.

In the end it's all about the churning. Fund managers don't really underperform that much. There is not that much market inefficiency. Else there would be an incredible arbitrage opportunity. And Liar's Poker weenies are always looking for those things and trading in them to try to eliminate them.

The real important parts of the biz are the sales.

**Mao** · June 11, 2003, 21:56

Cruddy, what are government "gilts"?

panag, the problem is that if I jewelry, I inherently (sp?) lose money because I can never sell it for what I got it for, because when they sell it to me, they charge for the value of the metal and the craftsmanship, but when they buy it back, they only give me the value of the metal.

**Saras** · June 12, 2003, 02:27

Originally posted by GP
The real important parts of the biz are the sales.

Amen. True for every biz.

**Panag** · June 12, 2003, 03:21

Originally posted by Mao
Cruddy, what are government "gilts"?

panag, the problem is that if I jewelry, I inherently (sp?) lose money because I can never sell it for what I got it for, because when they sell it to me, they charge for the value of the metal and the craftsmanship, but when they buy it back, they only give me the value of the metal.

hi ,

it depends what kind of jewelry , .....

there is loads of jewelry from for example in the US from inpounds and repro's , ..... the old garage sale could be intresting as well , ....

then its worth its money most of the times , ....

have a nice day

**Mao** · June 12, 2003, 11:11

Yeah...I'd rather get it from a more "legit" source...

**TCO** · June 12, 2003, 11:48

Originally posted by Saras

Amen. True for every biz.

Disagree. There are biznesses where low cost production is key.

Announcement

Buying Precious Metals?

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment