Aug 2nd, 2010
Will I strike Gold with Gold?
All terrible puns aside, since the dawn of time (cue melodramatic music), people have been enamored with the beauty of a certain tannish looking metal. In fact, this particular metal gives its color its name. Thats right, we’re talking about gold (although if you had guessed silver, you get points for trying and lose points since I said tannish). All throughout human history there have been mad rushes everytime gold is disovered somewhere. The new world, California, hell even Alaska. The point being it has been a valuable commodity for a long, long time.
Even right now, whenever there is a hint of financial instability, people flock to gold because it has always been a hedge on inflation and currency crashes. As most of you know in the past I have liked gold, but been skeptical of how fast it has increased in value. Well, I am just going to say it now; I give up, I don’t think its going to fall.
That being said, there are pros and cons to investing in Gold. Lets start with some of the pros.
Pros of Investing In Gold
-US government spending is out of control and the dollar is likely to be weaker and weaker as we get further and further into debt.
-Inflation has slowed down but is likely to increase going forward.
-Gold will always be worth something, unlike many of the “intangible” things we invest in.
-It has industrial uses
Now a few of the cons:
-It does not ‘grow’ in value and it cannot create wealth, like investing in companies can.
-It maintains purchasing power, but does not grow it.
-Its hard to predict prices so it is not good for “playing the market”
The bottom line:
Gold is just like anything else, it is good in moderation. It should be part of a balanced portfolio and if you do not own any at all, you should. There are local places you can buy gold in your town but there are also online places where you can invest in gold.
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- Investing
If this blog gets going in the same way that the ones on Ben Gallop’s one did, how long will it be before the BBC closed this one to?
31 The Thought Police at the BBC have put a stop to it. How dare we disagree with the BBC’c actions, we only bankroll it, after all.
so what are you proposing, getting rid of all the teams except for mclaren, ferrari and redbull! cos if so, its an even worse idea than the bbc/sky tv deal!
He does have a point though, F1 would be much better if three quarters of the teams weren’t simply there to sell advertising and make up the numbers. How that’s done though is beyond me.
This could really help you save more money when it comes to buying and selling the products.
so what are you proposing, getting rid of all the teams except for mclaren, ferrari and redbull! cos if so, its an even worse idea than the bbc/sky tv deal!
Please note guys this was for a Opinion survey I was aks to do when have a look at the f1 site by the bbc. fight guys, fight.
Murray, the other nine teams won’t be there after a few years on Sky
Nico Rosberg finished third in Turkey this year. He also finished third three times last year, in Malaysia, China and Britain.
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Maybe the BBC can show 50% of the teams all the time ie the top 6, and SKY can show everyone else
I’ve been taking a look at how some of the smaller teams like Force India and Sauber are faring at the mid-way point of the 2011 season, as well as picking the nine drivers who have impressed me most so far.
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Writing in the Daily Mail newspaper, Walker added that he also feared for the sport itself, with the expected drop in viewing figures likely to have a knock-on effect on the teams.
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