Stocks

[walrus]

So anyway the topic of the day is peloton. A stock my wife bought prior to wuhan. I told her not to, it was on its way down than wuhan hit. Shit has now more than doubled. Peloton does those exercise bikes you hook up to the internet of things and peddle away. As you can tell I don’t know much about peloton other than it’s numbers, they are losing 20cents a share. To me it should be a pure dog of a stock. Wuhan and Jpows printer turned it into a money maker. Now it just about timing, the hardest part. When to sell before it being ridiculously overpriced piece of doo doo which I still believe it to be becomes the general consensus and everyone looks to exit it.

[walrus]

Gold is holding up alright although I think it could have done better during this crisis I have read some stories about an effort to manipulate gold by keeping its price from spiking as that would create fear in the economy. You can read 1,000’s of articles about the manipulation of gold and silver I just don’t know what is what.

[Gandalf]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

[walrus]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

Not even a few years ago miles. It had an odd run from 1k to around 1500 then dropped to 1250 and seemed to hang for ever. One thing that happened during covid was the spot price stuck around 1700-1800 but people were buying it up, demand was so strong people were paying hundreds over spot and waiting a month for delivery. Then news came out that Russia was going to stop buying gold. It was an odd announcement, Russia and China have been scoffing up gold. I have a friend in Portugal who is very knowledgeable and successful with gold, I sent him the link he replied Russia was pulling some shit and it was probably fake news. Sure enough they retracted and said they changed their mind. It was very weird. He gave me some detail, I won’t go into it as it’s hard to follow, but he is a diehard anti fed guy who apparently has enough gold to sink a boat or two, won’t touch anything else even though he knows if he had put the same amount of money in amazon or Apple he’d be rolling in dough. I respect people like that, they take a stand and live by it.

But yes gold is having a good year I would just think with all the uncertainty it would have had a much bigger break out. A lot can still happen regardless

[Beanz]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

Gold is not an ethical investment.

[Gandalf]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

Gold is not an ethical investment.

What is an ethical investment then?

[Beanz]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

Gold is not an ethical investment.

What is an ethical investment then?

A property. Providing a roof over someone's head. (:

[Gandalf]

Gold is strong enough and don't forget it was around 1050 only a few years ago. It is an 80% increase on that.

Gold is not an ethical investment.

What is an ethical investment then?

A property. Providing a roof over someone's head. (:

A second property? What if someone else wanted to buy it and the supply is limited? Is that fair?