Billionaire Puts Half His Net Worth Into Gold

a reply to: toysforadults

I'm basing that simply on a 10 year price line of both metals. It is true that the dollar has been on the decline for some time. But, if you look at the percentage difference, gold is up 2.46% from where it was 10 years ago, whereas silver is only up .17%.

That's what I'm looking at for the potential on the upside.

Eta: not to say that there isn't the upside potential in gold, it certainly does have that.

originally posted by: skunkape23
You can't eat gold.
It has no use for building a structure.
It's just a shiny rare metal that works well as an electrical conductor.
It's a little pricey to use for bullets.
A hungry man would trade an ounce of gold for a chicken.

I say the same thing , and also wonder how,if it's supposed to be precious and hard to get, how is it that you can walk into any of thousands upon thousands of stores and buy gold? And yes a hungry man will give an ounce of gold for a chicken...will the man with the chicken trade it for gold?

a reply to: jadedANDcynical


It will go up when they stop suppressing the price , price suppression is necessary to protect the Fiat currency, when they dump the fiat as sure as eggs the price will do something stupid like bitcoin.

originally posted by: toysforadults
a reply to: BlueJacket

you don't buy land when the Fed is printing money you buy land when itnerest rates are high because less people can afford to get into the market, you sell when the Fed is printing money, then move into the stock market to catch the bull market run that comes from all the money being pumped into the market

after that you buy back into gold/ real estate

it's a simple investment strategy and it works like a charm if you have enough liquid capital and buy/ sell at the right times

just watch what the fed is doing

Interesting concept.
I do think real estate if used to its potential is the best investment though. Gold, buy and sell, sure.

Unless it is physical gold it won't do him any good.

There is a big gold Ponzi scheme going on with the gold ETFs etc. I doubt he bought 2.5 billion in actual gold and if he did just protecting that kind of gold is expensive.

If he has some other entity holding it he is again an idiot because those people rarely give it back once they have it in their possession.

He sounds like an idiot.

a reply to: andy06shake

Billionaires as in the plural.

Think what could be achieved in a decade alone should the real players and money Men donate half there spondoolies to a unified cause other than profit, power, and control?

I think Bill Gates is doing the work of ten billionaires.

Elon Musk may not be a literal philanthropist, but he sure as hell is devoting his influence towards the progress of humanity.

Imagine if all the people who needed help found it within themselves though.

I for one do not look to billionaires or government for help.... Hold your breath doing that and you'll have a blue face, IMHO.

a reply to: musicismagic

well, you have to look at the money supply to know where the market is going, if there is less money in the market (higher interest rates) then less people are buying houses and it's harder to get loans, this actually causes a deflationary peroid because it increases the value of the dollar or is one of the major factors in increasing the value

gold and real estate will go down due to decreased demand

this is when you buy

when the fed starts printing money to ease the next down trend then what happens is it increases the supply of money into the market and increases demand for housing and gold so the small money moves into the market and starts buying driving up cost, this is when you sell, now what happens is you have more liquid capital to wait out the next top of the market and buy back in with a massive increase in wealth

Those who possess the Lead will own the Gold. This Billionaire should've taken Physics (Gold is heavier than Lead... Atomic Weight vs. Density) and studied History. As the Sage Philosopher Solon warned King Croesus, the richest king of ancient times, you may all the wealth in the world, but those who have the iron will take it from you. And King Cyrus of Persia did just that!
a reply to: infolurker

originally posted by: BlueJacket
a reply to: infolurker

than buy land with a spring, and poplar trees

I have land with poplar trees, but most of them are unpoplar. Mostly oak, maple, and pine trees with a few poplar and birch mixed in. At least I can stay warm for a few years if things go bad.

Where do we go now...a quadrillion in national debt ? a reply to: infolurker

Pixie Straws and Ice water always make things go better, setting in the shade.

Gold seems the logical thing to buy, provided it is in Your Possession. None of this 'on paper' song and dance, that means Nothing. The next best in my opinion, Real Estate.

a reply to: andy06shake

Ending world hunger?

The world produces enough food - its just mis allocated, artificial shortages.

originally posted by: andy06shake
a reply to: infolurker

Ile be more impressed when billionaires donate half their net worth to ending world hunger and poverty.

I know at least one billionaire who is giving all of his wealth to charity.

Personally, boom.

originally posted by: FlyingFox

originally posted by: andy06shake
a reply to: infolurker

Ile be more impressed when billionaires donate half their net worth to ending world hunger and poverty.

I know at least one billionaire who is giving all of his wealth to charity.

Personally, boom.

he is not well mentally

This is just another very rich person speculating. Small changes in the gold price will make him shed loads of money. Being so public in his investment is just market manipulation - like saying he's just done XYZ so as to impact the price of shares.

originally posted by: scraedtosleep
a reply to: infolurker

Just because he is a billionaire doesn't mean he is immune to fear and bs conspiracies.

Exactly. The more wealthy an individual becomes the more paranoid they become about losing what they have.

a reply to: CriticalStinker

Like all those starving weans in Africa, or refugees from all over the Middle East that we essentially created by bombing them, or allowing them to be bombed by proxy?

I can't imagine how those poor souls will even piece there lives back together considering the resources and funds they have at there disposal.

Then there are the respective poor, hungry, and disenfranchised belonging to our own first world nations that require help to pull themselves out of the socioeconomic financial gutter of our banker's creation.

It's all very well suggesting it would be great if the people who needed help finding it within themselves, but that's rather hard to achieve, or even make the slightest headway, when "They" are standing on our necks with there jackboots.

No point holding our breath much longer because if something is not done soon it will simply be too late.

....and then announces said 'fact' to the entire world. Not Soros then?

a reply to: TheConstruKctionofLight

But it does not get to where it is required or needed.

Don't matter if the shortages are by design or not.

It matters that the distribution of wealth and power are so unevenly balanced.

a reply to: FlyingFox

Any particular reason you care to share that info without naming this mysterious billionaire?

And will he/she per-chance be recuperating a substantial percentage of that monies via tax?

Boom.

a reply to: skunkape23

Ok bet.

You give me a bar of gold, and I’ll give you a chicken.