4houghts Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, philinvicta said: It is your statement that Gold had outperformed all other assets over the last ten years is the point i believe to be misleading. If people want to invest in gold that is up to them and yes it is probably a relatively safe investment if held long term against inflation but like all assets you can still lose money in it. How much do you know about investing in the dow market? Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 9 minutes ago, 4houghts said: How much do you know about investing in the dow market? what does that have to do with anything i have had funds invested all over the world( a self managed pension fund which was paid up over 10 years ago) in the last ten years and have made a return of around 73% in sterling terms over ten years Gold in sterling terms has returned 62% which is more than in dollar terms because of currency movements. If you buy an asset priced in a foreign currency then currency movement is something you need to be aware of. Even though you buy gold in local currency its price often depends on the strength or weakness of the dollar when priced in your local currency. Obviously demand fluctuates for this just like it does any asset as well. The recent vaccine announcements have seen its price weaken a bit where some people where saying it could have hit 3000 dollars an ounce by the end of next year due to covid. If you want to invest in the Dow you find a fund that has a large spread of shares and like all other things you need to do your research with regards costs and how good the fund is. You can buy a share that is quoted on the Dow but that is all your eggs in one basket which is very high risk you might pick the right share and get lucky or you could end up losing a big part of your investment . The bigger the spread of assets the less the risk. One fund I am invested in tracks a general index but is invested in over 600 shares. If you have a broad asset spread within that fund and the overall index does well then you should roughly track it. Some indexes such as the Nasdaq even though they have loads of shares in them are weighted big time to the price performance of the FANG (Facebook Apple Netflix and Google) shares One share I did buy that was quoted on the Dow and made a small return on was Pfizer earlier this year. I have a different pot of money for individual share punts as it is a bigger risk and I lost a fair percentage when covid hit. I did however get some back and am in fact ahead over last couple of years. 1 Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, philinvicta said: what does that have to do with anything i have had funds invested all over the world( a self managed pension fund which was paid up over 10 years ago) in the last ten years and have made a return of around 73% in sterling terms over ten years Gold in sterling terms has returned 62% which is more than in dollar terms because of currency movements. If you buy an asset priced in a foreign currency then currency movement is something you need to be aware of. Even though you buy gold in local currency its price often depends on the strength or weakness of the dollar when priced in your local currency. Obviously demand fluctuates for this just like it does any asset as well. The recent vaccine announcements have seen its price weaken a bit where some people where saying it could have hit 3000 dollars an ounce by the end of next year due to covid. If you want to invest in the Dow you find a fund that has a large spread of shares and like all other things you need to do your research with regards costs and how good the fund is. You can buy a share that is quoted on the Dow but that is all your eggs in one basket which is very high risk you might pick the right share and get lucky or you could end up losing a big part of your investment . The bigger the spread of assets the less the risk. One fund I am invested in tracks a general index but is invested in over 600 shares. If you have a broad asset spread within that fund and the overall index does well then you should roughly track it. Some indexes such as the Nasdaq even though they have loads of shares in them are weighted big time to the price performance of the FANG (Facebook Apple Netflix and Google) shares One share I did buy that was quoted on the Dow and made a small return on was Pfizer earlier this year. I have a different pot of money for individual share punts as it is a bigger risk and I lost a fair percentage when covid hit. I did however get some back and am in fact ahead over last couple of years. wallstreet .com Gold has increased by 315% over the past 15 years. In comparison, the FBNDX returned 127% and the DJIA increased by 58% over the same period, which is lower than the numbers reported over the 30-year period. However, gold’s growth remained steady, while stocks can fluctuate, sometimes wildly. But this situation did not continue for long, as the markets got hit by the Great Recession and stocks fell, increasing only by 39% in the next five years. On the other hand, gold increased by 239%, overshadowing stocks. In comparison, you would’ve received six times greater returns by investing in gold during this period; the opposite of the numbers reported in the previous five year period. ---------- Quote Link to comment Share on other sites More sharing options...
ColourMeUp Posted November 21, 2020 Share Posted November 21, 2020 @philinvicta you must be fun at a party. (Half expecting a response such as - Party's can't take place at the moment because we're in the midst of a deadly pandemic, it'd be incredibly irresponsible) Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 btw I was genuinely curious it wasn't an insult @philinvicta Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, 4houghts said: wallstreet .com Gold has increased by 315% over the past 15 years. In comparison, the FBNDX returned 127% and the DJIA increased by 58% over the same period, which is lower than the numbers reported over the 30-year period. However, gold’s growth remained steady, while stocks can fluctuate, sometimes wildly. But this situation did not continue for long, as the markets got hit by the Great Recession and stocks fell, increasing only by 39% in the next five years. On the other hand, gold increased by 239%, overshadowing stocks. In comparison, you would’ve received six times greater returns by investing in gold during this period; the opposite of the numbers reported in the previous five year period. ---------- But you quoted ten years over 20 years it has increased by over 600 per cent Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, ColourMeUp said: @philinvicta you must be fun at a party. (Half expecting a response such as - Party's can't take place at the moment because we're in the midst of a deadly pandemic, it'd be incredibly irresponsible) No I would just give you a broken nose 4 Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, philinvicta said: But you quoted ten years over 20 years it has increased by over 600 per cent my original point was the past decade which you came back at me for. Quote Link to comment Share on other sites More sharing options...
ColourMeUp Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, philinvicta said: No I would just give you a broken nose Fingers crossed I'll be in Ireland next year, so you never know Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 Just now, 4houghts said: my original point was the past decade which you came back at me for. a decade is 10 years when you were proved wrong you came back with 15 years which is not a the last decade. Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 I'd go with Phil to be honest. Sounds like he knows what he's on about. Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 (edited) 9 minutes ago, philinvicta said: a decade is 10 years when you were proved wrong you came back with 15 years which is not a the last decade. Your using the dow in very simplistic terms. but anyway last post I'm getting bored. The S&P is a much better measurement To gain a historical perspective on gold prices, between January 1934, with the introduction of the Gold Reserve Act, and August 1971, when President Richard Nixon closed the U.S. gold purchase window, the price of gold was effectively set at $35 per ounce.4 5 Prior to the Gold Reserve Act, President Roosevelt had required citizens to surrender gold bullion, coins, and notes in exchange for U.S. dollars, and effectively made investing in gold extremely difficult, if not impossible and futile, for those who did manage to hoard or conceal quantities of the precious metal.6 Using the set gold price of $35 and the price of $1,650 per ounce as of April 2020, a price appreciation of approximately 4,500% can be deduced for gold.2 From February 1971 to 2020, the DJIA has appreciated in value by 3,221%.7 In July 2020, the price of gold had surpassed its previous all-time price high of nearly $2,000 an ounce the highest since September of 2011. Edited November 21, 2020 by 4houghts Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 I don't know a lit but what I do know is when things are shit people invest in gold. With things improving, gold will likely drop next year. Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 As your knowledge of gold is so good I have some 1960 krugerands you can buy at a discount if you want @4houghts Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, Miller26 said: I don't know a lit but what I do know is when things are shit people invest in gold. With things improving, gold will likely drop next year. There is a reason gold is used as a safety net in a portfolio Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 3 minutes ago, 4houghts said: There is a reason gold is used as a safety net in a portfolio Yes there is mate. It will always have a value but probably won't make you rich Quote Link to comment Share on other sites More sharing options...
philinvicta Posted November 21, 2020 Share Posted November 21, 2020 6 minutes ago, Miller26 said: I don't know a lit but what I do know is when things are shit people invest in gold. With things improving, gold will likely drop next year. Somebody should have told Gordon Brown 1 Quote Link to comment Share on other sites More sharing options...
ColourMeUp Posted November 21, 2020 Share Posted November 21, 2020 Let's be honest, no investment compairs to BTC over the last 10 years. Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 4 minutes ago, philinvicta said: Somebody should have told Gordon Brown God I remember that. I checked who held the most gold reserves ages ago. There was some unusual countries on the list Italy was one I think Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 3 minutes ago, ColourMeUp said: Let's be honest, no investment compairs to BTC over the last 10 years. What's btc mate? Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 6 minutes ago, Miller26 said: Yes there is mate. It will always have a value but probably won't make you rich its an investment its not getting a lucky 15 to land lol roughly 100k in gold ten years ago is 285k now Quote Link to comment Share on other sites More sharing options...
4houghts Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, Miller26 said: What's btc mate? bitcoin 1 Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 2 minutes ago, 4houghts said: its an investment its not getting a lucky 15 to land lol roughly 100k in gold ten years ago is 285k now Warren buffet is looking at investing in lucky 15s. Stay humble Quote Link to comment Share on other sites More sharing options...
Miller26 Posted November 21, 2020 Share Posted November 21, 2020 1 minute ago, 4houghts said: bitcoin Oh the ponzy scheme 1 Quote Link to comment Share on other sites More sharing options...
ColourMeUp Posted November 21, 2020 Share Posted November 21, 2020 Just now, Miller26 said: Oh the ponzy scheme Deffo not a ponzi scheme Quote Link to comment Share on other sites More sharing options...
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