― Austin Still (Austin, Still), Monday, 6 June 2005 15:47 (eighteen years ago) link
― Rufus 3000 (Mr Noodles), Monday, 6 June 2005 16:54 (eighteen years ago) link
There's some data here:
http://www.ncdex.com/products/products_precious_gold.aspx?Type=Gen
Some key points:
"India is the largest consumer of gold in the world accounting for more than 23% of the total world demand annually."
"India being the largest consumer of gold in the world, with minimal domestic supply, the demand is met mainly from imports."
http://www.ncdex.com/products/images/gold_import.jpg
― o. nate (onate), Monday, 6 June 2005 17:27 (eighteen years ago) link
Fair enough. But if demand from one country accounts for a quarter of the gold market, I'd argue that that is also a pretty good reason not to invest in it.
― rasheed wallace (rasheed wallace), Monday, 6 June 2005 17:32 (eighteen years ago) link
― Rufus 3000 (Mr Noodles), Monday, 6 June 2005 17:36 (eighteen years ago) link
― o. nate (onate), Monday, 6 June 2005 17:42 (eighteen years ago) link
There have also been times when you could have made a killing in high-yield corporate bonds or swaptions. That doesn't mean they are a good option for the average medium- or long-term investor.
― rasheed wallace (rasheed wallace), Monday, 6 June 2005 17:45 (eighteen years ago) link
― o. nate (onate), Monday, 6 June 2005 17:50 (eighteen years ago) link
― rasheed wallace (rasheed wallace), Monday, 6 June 2005 17:53 (eighteen years ago) link
― TOMBOT, Monday, 6 June 2005 17:58 (eighteen years ago) link
Well, gold is also hedge against the falling dollar. So if you think the dollar has further to fall, then it might not be a bad place to look either.
A recent article from CNN/Money:
Should you be buying gold?
― o. nate (onate), Monday, 6 June 2005 17:59 (eighteen years ago) link
― o. nate (onate), Monday, 6 June 2005 18:01 (eighteen years ago) link
Second, trying to outgess the currency market is about the quickest route to the poorhouse that I can think of. If you are worried about a decline in the dollar that would be so precipitous that you would want to transfer your cash into a commodity, and you think that such an event would last throughout your entire investment planning horizon, you shouldn't see a financial planner, you should see a psychiatrist.
― rasheed wallace (rasheed wallace), Monday, 6 June 2005 18:11 (eighteen years ago) link
http://www.truthout.org/docs_2005/041805L.shtml
― o. nate (onate), Monday, 6 June 2005 18:19 (eighteen years ago) link
― rasheed wallace (rasheed wallace), Monday, 6 June 2005 18:29 (eighteen years ago) link
― Rufus 3000 (Mr Noodles), Monday, 6 June 2005 18:35 (eighteen years ago) link
― Eisbär (llamasfur), Monday, 6 June 2005 18:36 (eighteen years ago) link
― Hurting (Hurting), Tuesday, 7 June 2005 00:22 (eighteen years ago) link
― Hurting (Hurting), Tuesday, 7 June 2005 00:23 (eighteen years ago) link
― hstencil (hstencil), Tuesday, 7 June 2005 00:28 (eighteen years ago) link
― Hurting (Hurting), Tuesday, 7 June 2005 00:38 (eighteen years ago) link
― TOMBOT, Tuesday, 7 June 2005 00:48 (eighteen years ago) link
― Hurting (Hurting), Tuesday, 7 June 2005 00:49 (eighteen years ago) link
Anyhow, I read the article on hedge funds, too, which was really interesting. I printed out Asness's paper on stock options to read later.
― rasheed wallace (rasheed wallace), Tuesday, 7 June 2005 11:01 (eighteen years ago) link
my 401k lost over $400 this last quarter, I sure as fuck am moving almost all of it into the lower-risk funds...
― Dr Morbius, Thursday, 17 January 2008 23:00 (sixteen years ago) link
(I cannot be bothered w/ much research, that's just the way it is)
― Dr Morbius, Thursday, 17 January 2008 23:01 (sixteen years ago) link
(^^^^ Morbius! ^^^^^)
Has anyone bought stocks online? I'm sorta interested in making a modest investment of some kind but am slightly intimidated, and afraid of sleazy online brokerages.. recommendations would be helpful.
― Andy the Grasshopper, Wednesday, 13 October 2021 23:09 (two years ago) link