Stocks

[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?

[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. (:

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

It was a small flat and it provided a home for people who were not in a position to get on the housing ladder. Now it has gone to someone who managed to get a mortgage. It's not rocket science and is far less boring than fucking stocks, shares and watches.

You guys are near terminally dull.

[walrus]

So beanz says gold isn’t an ethical investment. Dude has no clue. It’s not an investment to begin with. It’s a hedge. A preservation move. What is unethical about one of the oldest forms of currency amongst humans? Didn’t England scour the world and enslave millions for gold and other commodities? I hope all the statues of kings are out of England as England brought slavery to the United States and every other part of the world they touched, what did England invade about 90% of the worlds land overtime? So now all stocks are lame, what about reit or realestate etfs are they bad. I mean they are stocks but comprised of realestate, how does that work. About 50% of Americans are in the market, probably a little more, are they all dumb and lame or is it just me? Does that hold true for the Nikki and all the other markets or just the US? I would think unethical investments are Monsanto and certain “sin” stocks as they call them. Perhaps stocks related to the military industrial complex. But I guess you have the good and bad thing pretty well covered. I’m glad things are so simple for you. Watches are bad but cameras are good. I’d much rather be able to tell what time it is that take an edgy picture of some old smelly boots that look like shit to begin with. A zoom boot special.

[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?

It was a small flat and it provided a home for people who were not in a position to get on the housing ladder. Now it has gone to someone who managed to get a mortgage. It's not rocket science and is far less boring than fucking stocks, shares and watches.

You guys are near terminally dull.

Isn't that the case with most renters? How is that ethical? It sounds like you exploited them while the home appreciated. You could have made it really ethical by letting them live there free and just take the house appreciation meanwhile letting them build up for a deposit. You wanted the money, didn't you?