« previous next »
Pages: [1] 2 3 4   Go Down

Author Topic: Any getbiggers invested in physical gold?  (Read 6355 times)

Papper

  • Getbig V
  • *****
  • Posts: 10323
  • Father, forgive them; for they know not what they do.
Any getbiggers invested in physical gold?
« on: October 25, 2015, 03:26:34 PM »
I can't remember if this has been brought up before.

So have you?
Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #1 on: October 25, 2015, 03:29:02 PM »
Why would you?
Gold is only worth what someone will give you in cash.

Gold itself has no value apart from a cash exchange.
Try and buy a car with a block of gold.
Logged

dr.chimps

  • Getbig V
  • *****
  • Posts: 28635
  • Chimpus ergo sum
Re: Any getbiggers invested in physical gold?
« Reply #2 on: October 25, 2015, 03:31:29 PM »
Hi William Devane.
Logged

MR BIG STUFF

  • Getbig II
  • **
  • Posts: 119
Re: Any getbiggers invested in physical gold?
« Reply #3 on: October 25, 2015, 03:35:03 PM »
Quote from: Be There on October 25, 2015, 03:29:02 PM
Why would you?
Gold is only worth what someone will give you in cash.

Gold itself has no value apart from a cash exchange.
Try and buy a car with a block of gold.

It's called bartering.


Bring me enough gold and I will give you a Buick Regal that puts both tires in the air at the race track.

Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #4 on: October 25, 2015, 03:42:02 PM »
Quote from: MR BIG STUFF on October 25, 2015, 03:35:03 PM
It's called bartering.

Idiot.

Bring me enough gold and I will give you a Buick Regal that puts both tire in the at the race track.


Only because the car dealer knows he can exchange it for cash dumbass.
Gold has a value placed on it by how much cash you can exchange it for, without an exchange for cash it may as well be a lump of shit.

People hoard gold in case the market crashes and cash drops in value.

Gold still has to be exchanged for cash at some point.
Logged

Irongrip400

  • Getbig V
  • *****
  • Posts: 21219
  • Pan Germanism, Pax Britannica
Re: Any getbiggers invested in physical gold?
« Reply #5 on: October 25, 2015, 03:42:18 PM »
I have some gold coins.
Logged

MR BIG STUFF

  • Getbig II
  • **
  • Posts: 119
Re: Any getbiggers invested in physical gold?
« Reply #6 on: October 25, 2015, 03:45:28 PM »
Quote from: Be There on October 25, 2015, 03:42:02 PM
Only because the car dealer knows he can exchange it for cash dumbass.
Gold has a value placed on it by how much cash you can exchange it for, without an exchange for cash it may as well be a lump of shit.

People hoard gold in case the market crashes and cash drops in value.

Gold still has to be exchanged for cash at some point.

Is there something wrong with you?

Things of value can be traded for other things of value.



Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #7 on: October 25, 2015, 03:47:11 PM »
Quote from: MR BIG STUFF on October 25, 2015, 03:45:28 PM
Is there something wrong with you?

Things of value can be traded for other things of value.




Gold has value because it can be exchanged for cash.
Logged

_aj_

  • Competitors
  • Getbig V
  • *****
  • Posts: 17641
  • The Return of the OG
Re: Any getbiggers invested in physical gold?
« Reply #8 on: October 25, 2015, 03:55:43 PM »
Yes.
Logged

mazrim

  • Getbig V
  • *****
  • Posts: 4438
Re: Any getbiggers invested in physical gold?
« Reply #9 on: October 25, 2015, 03:57:46 PM »
Very minimally. Have more silver then gold currently.
Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #10 on: October 25, 2015, 03:57:56 PM »
Quote from: _aj_ on October 25, 2015, 03:55:43 PM
Yes.
If cash lost its value then so would gold.
Logged

SF1900

  • Getbig V
  • *****
  • Posts: 48826
  • Team Hairy Chest Henda
Re: Any getbiggers invested in physical gold?
« Reply #11 on: October 25, 2015, 03:59:13 PM »
I've invested in Flex magazines.
Logged
X

MR BIG STUFF

  • Getbig II
  • **
  • Posts: 119
Re: Any getbiggers invested in physical gold?
« Reply #12 on: October 25, 2015, 04:00:54 PM »
Quote from: Be There on October 25, 2015, 03:47:11 PM
Gold has value because it can be exchanged for cash.

So can a loaf of bread.

Goodbye.
Logged

Voice of Doom

  • Getbig IV
  • ****
  • Posts: 3631
  • Everything is under control.
Re: Any getbiggers invested in physical gold?
« Reply #13 on: October 25, 2015, 04:01:04 PM »
Quote from: Be There on October 25, 2015, 03:42:02 PM
Only because the car dealer knows he can exchange it for cash dumbass.
Gold has a value placed on it by how much cash you can exchange it for, without an exchange for cash it may as well be a lump of shit.

People hoard gold in case the market crashes and cash drops in value.

Gold still has to be exchanged for cash at some point.

Interesting.  So when we had gold and silver coins as currency in the US (pre1964 and 1933) what "cash" exactly were we trading them in for?
Logged

BB

  • Getbig V
  • *****
  • Posts: 16622
  • I hope I'm not boring you.
Re: Any getbiggers invested in physical gold?
« Reply #14 on: October 25, 2015, 04:03:41 PM »
Nope. Just lead, toilet paper, and tampons for when the end times come....
Logged

Waller

  • Getbig IV
  • ****
  • Posts: 3762
Re: Any getbiggers invested in physical gold?
« Reply #15 on: October 25, 2015, 04:09:53 PM »
Simon not quite thinking his troll through in this thread.
Logged

robcguns

  • Getbig V
  • *****
  • Posts: 19136
  • Founder of the proud straight white male movement
Re: Any getbiggers invested in physical gold?
« Reply #16 on: October 25, 2015, 05:11:45 PM »
Quote from: SF1900 on October 25, 2015, 03:59:13 PM
I've invested in Flex magazines.

Hahahaha
Logged

robcguns

  • Getbig V
  • *****
  • Posts: 19136
  • Founder of the proud straight white male movement
Re: Any getbiggers invested in physical gold?
« Reply #17 on: October 25, 2015, 05:20:30 PM »
Ive got about 7.5 mill in physical gold,not much but enough.
Logged

sync pulse

  • Getbig V
  • *****
  • Posts: 5604
  • Only be sure always to call it please, 'research'
Re: Any getbiggers invested in physical gold?
« Reply #18 on: October 26, 2015, 01:22:15 AM »
The only way you can make money with gold is to trade leveraged futures contracts on a commodities exchange...and most don't make money at it.
Logged

calfzilla

  • Getbig V
  • *****
  • Posts: 20790
  • YUMAN FILTH!
Re: Any getbiggers invested in physical gold?
« Reply #19 on: October 26, 2015, 01:29:29 AM »
No, I don't. Here is a chart to show more info why.


Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #20 on: October 26, 2015, 01:35:30 AM »
Quote from: Voice of Doom on October 25, 2015, 04:01:04 PM
Interesting.  So when we had gold and silver coins as currency in the US (pre1964 and 1933) what "cash" exactly were we trading them in for?
The coins were the "medium of exchange" and had a designated value, anything can be used as a medium of exchange as long as we all agree on it.
Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #21 on: October 26, 2015, 01:37:43 AM »
Quote from: MR BIG STUFF on October 25, 2015, 04:00:54 PM
So can a loaf of bread.

Goodbye.

Im not sure that helps you, but thanks anyway.
Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #22 on: October 26, 2015, 01:43:32 AM »
Quote from: Waller on October 25, 2015, 04:09:53 PM
Simon not quite thinking his troll through in this thread.
No troll at all mate

Gold is worth x amount of dollars, if we had no dollars gold would be worth nothing.

In a world of bartering who the fuck would want some Gold?
You cant eat it, its not really that useful for anything apart from jewellery and coating cables.
Logged

FitnessFrenzy

  • Getbig V
  • *****
  • Posts: 28959
  • evolving
Re: Any getbiggers invested in physical gold?
« Reply #23 on: October 26, 2015, 01:52:02 AM »
Quote from: Be There on October 25, 2015, 03:57:56 PM
If cash lost its value then so would gold.

nope. Cash can be printed in extreme amounts and thus cause inflation (money with no value). Gold is a finite resource and will increase in value if we get global inflation with printed money.
Logged

Simple Simon

  • Guest
Re: Any getbiggers invested in physical gold?
« Reply #24 on: October 26, 2015, 01:55:54 AM »
Quote from: FitnessFrenzy on October 26, 2015, 01:52:02 AM
nope. Cash can be printed in extreme amounts and thus cause inflation (money with no value). Gold is a finite resource and will increase in value if we get global inflation with printed money.
Great, so now you have a pile of gold, now, what do you do with it when you want a sandwich?
Logged
Pages: [1] 2 3 4   Go Up
« previous next »