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General Congreve

Vote: To Gold Or Not To Gold

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Oi you lot! Outside now! Let's get this sorted.

You need another option which does not pit gold and currencies against each-other in a dreary dichotomy.

It is quite conceivable that in a deflationary environment both gold and say the dollar will do well against deflating assets.

Edited by roman holiday

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Probably fastest ever thread move ;)

What about Ag?.

Edit - the banner ad seems well targeted.

Edited by Kilham

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You need another option which does not pit gold and currencies against each-other in a dreary dichotomy.

It is quite conceivable that in a deflationary environment both gold and say the dollar will do well against deflating assets.

Good point. Should have put more thought into it. Please forget I muddied the waters with currency talk and just see the question purely in terms of:

Gold bad.

Some Gold probably a good idea.

I love Gold it's great.

I don't know.

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Good point. Should have put more thought into it. Please forget I muddied the waters with currency talk and just see the question purely in terms of:

Gold bad.

Some Gold probably a good idea.

I love Gold it's great.

I don't know.

How about:

Gold bad.

2] Some Gold probably a good idea.

3] A lot of gold... half my liquid worth.

4] I love Gold it's great.

I don't know.

The difference between 3 and 4 could be as much as the difference between a deflationist who wants to hedge their currencies and a hyper-inflationist who sees all fiat as toast. 2 is the meek insurance option.

Edited by roman holiday

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How about:

Gold bad.

2] Some Gold probably a good idea.

3] A lot of gold... half my liquid worth.

4] I love Gold it's great.

I don't know.

The difference between 3 and 4 could be as much as the difference between a deflationist who wants to hedge their currencies and a hyper-inflationist who sees all fiat as toast. 2 is the meek insurance option.

Again Roman, you are right. Why do I bother? I should stick to threads on video gaming :lol:

So to clarify my thinking we shall say:

1] Gold bad

2] Some Gold probably a good idea i.e. 5%-25% liquid assets.

3] I love Gold me - upwards of 25% liquid assets.

4] I don't know.

Admittedly a 5th or 6th option would make it more accurate but didn't want to over complicate the poll.

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I have 20% gold, 80% NS&I, 10% other sterling deposits.

The 20% is partly a hedge against high inflation, partly a little speculative gamble.

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you should know well enough by now that the inflation hypothesis is incompatible with falling house prices, and, therefore, any threads relating to this will be 'moved' (banned)

Just teach everyone to use the "View New Posts" link at the top.

Then it does not matter where the thread is put. :lol:

For the life of me... I do not understand the prejudice... perhaps some not so latent socialist ideas are at play. <_<

Edited by roman holiday

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you should know well enough by now that the inflation hypothesis is incompatible with falling house prices, and, therefore, any threads relating to this will be 'moved' (banned)

We've just been through a period of rampant HPI, while CPI remained very low. Therefore is it not entirely possible (Mods?) that we could see the opposite? Rampant CPI, but negative HPI or more modest HPI, making houses nominally cheaper, at least in real terms compared to everything else, although not necessarily to wages.

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I have 20% gold, 80% NS&I, 10% other sterling deposits.

The 20% is partly a hedge against high inflation, partly a little speculative gamble.

So you've got 110% total liquid assets, interesting. :lol:

Edited by General Congreve

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After house purchase, I was 50% gold, 50% cash. As cash gets spent (Mrs GHWL redecorating), the gold % keeps creeping up.

I've got a toe in the SM through my pension as well.

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40 votes now & 80% believe having at least some exposure (40%) to gold, or significant exposure to gold (40%) in their portfolio is a good idea at the moment.

Why is there so much argument about the case for and against gold on HPC then? :huh: I suppose it only takes a couple of heretics to stir things up.

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40 votes now & 80% believe having at least some exposure (40%) to gold, or significant exposure to gold (40%) in their portfolio is a good idea at the moment.

Why is there so much argument about the case for and against gold on HPC then? :huh: I suppose it only takes a couple of heretics to stir things up.

The arguments for and agaist gold are usually made from the perspective of someone holding their wealth in dollars and this has caused all manner of confusion.

The hardcore goldbugs still expect a collapse of the dollar and a surge in the dollar price of gold but this is not what we see happening and the dollar is actually assuming the safe haven status. Over the last few weeks I changed my mind about gold being a safehaven investment as an alternative to the dollar.

The same may not apply to Sterling however. It is still at risk of a loss of confidence and has no safe haven status. For people with savings in GBP gold ownership is worthwhile as a protection against Sterling collapse IMHO. I bet the good folk of Iceland wish they had their savings in gold.

Furthermore the UK government is moving towards wealth taxes ( eg the one-off compulsory £20K retirement tax recently proposed) and currently personal belongings would not be easy to count (although the situation could change)

My point is that UK holders have very different reasons to hold gold than US citizens but the UK and USA are generally grouped together when people discuss the pros and cons of physical gold ownership.

Edited by dr ray

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The arguments for and agaist gold are usually made from the perspective of someone holding their wealth in dollars and this has caused all manner of confusion.

The hardcore goldbugs still expect a collapse of the dollar and a surge in the dollar price of gold but this is not what we see happening and the dollar is actually assuming the safe haven status. Over the last few weeks I changed my mind about gold being a safehaven investment as an alternative to the dollar.

The same may not apply to Sterling however. It is still at risk of a loss of confidence and has no safe haven status. For people with savings in GBP gold ownership is worthwhile as a protection against Sterling collapse IMHO. I bet the good folk of Iceland wish they had their savings in gold.

Furthermore the UK government is moving towards wealth taxes ( eg the one-off compulsory £20K retirement tax recently proposed) and currently personal belongings would not be easy to count (although the situation could change)

My point is that UK holders have very different reasons to hold gold than US citizens but the UK and USA are generally grouped together when people discuss the pros and cons of physical gold ownership.

The status of the dollar is an interesting one. Unfortunately, most gold bugs are also anti-dollar moralists and only ever see hyper-inflation. This had done much to confuse the reasons for holding gold. I believe both gold and the dollar are in bull markets... though gold's bull will most probably out-last the dollars'.

http://www.housepricecrash.co.uk/forum/ind...t&p=2031647

Edited by roman holiday

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