(9 January 2013, 18:13)Scythe13 Wrote: Really?!?! Are you telling me that the richest people on earth, the greatest entrepreneurs on the planet, Buffet, Gates, Slim, Trump, Oprah (damn that woman's rich), The Waltons, Allen, Soros, Branson (yes, even Beardy-Branson has gone for PM's, but decided he could make more money buying other businesses and branding them as Virgin), and the alike, are using hedge-fund or investment-fund managers?!?! I'm trying to be serious about this and not joke around like that.
Why are you putting words in my mouth? Where did I say hedge fund or investment fund manager?
Do you know what the single most profitable but risky financial investment is? You do know that you cannot ask to be part of it, but instead you are asked if you want to be part of it?
No one, no matter who they were would invest without due diligence. Not one of the people that you mention run their companies without an FD in each. You know what companies do when they have a surplace of cash - the invest it - wether that be on something really safe like putting it on crown deposit, or they use it to play more risky markets.
Please, do not as you have repeatedly done take the definition of a fund manager so narrowly - you are only showing you are going off what you are reading in a magazine rather than having experience of being in such situations to see this happen.
Such people do use the services of 'normal' members of the financial industry on occasions - a lot of investments they are making are long term and not for their direct benefit. I am yet to hear of a member of the super rich who is passing legacies onto their children and other beneficiaries in gold.
(9 January 2013, 18:13)Scythe13 Wrote: Year on year, over 90% of funds under perform the FTSE100!!! Hmm, sounds like a great investment plan to me! I'm sure the rich people can see that too...oh wait, they do. Investment funds are for schmucks! If you think they're that great, check out how well pension funds are playing out right now. There are VERY few that consistently out perform the market average. As Buffet says, "How can so many people perform in an under average way?"
You are making assumptions again. As I said above, one of, if not the place to get the best return, you cannot ask to be part of, you are invited.
(8 January 2013, 20:01)BDG Wrote: Now, think of you, the average man in the street or a prepper who buys metals. The % of their cash invested in metals is much higher than the big fellas.
(9 January 2013, 18:13)Scythe13 Wrote: Not always true, as at one point a few decades ago Buffet took everything out of the stock market and went 100% PM's. He's been in the top 5 richest people on earth for a while now. Seemed a good thing to do back then when the market was allowing for such investments. He sold out and made a huge profit. Looks like he's back on that end of the cycle.
Now, do you want to respond to what you appear to be trying to do in a relevant way? If it is always true or not is irrelevant. If it is true on average is.
(8 January 2013, 20:01)BDG Wrote: Your average man in the street is more vulnerable to market fluctuation do to the smaller amount of other investments.
(8 January 2013, 20:01)BDG Wrote: Not sure how that works. If a price drops from £1.00 to £0.80, that's a 20% loss, regardless of whether you have £500 invested, or £50million.
Because your average man on the street will be more likely to invest all he has to invest in one area rather than spreading it.
(8 January 2013, 20:01)BDG Wrote: I partially agree with that. When PM's are pumped back into the market, there will be a price drop. Probably quite a dramatic drop. I'm not greedy, and hopefully would have cashed out before then. I can't guarantee that, but nor can anyone else. It's a carefully calculated risk.
It's also a great time to buy back, if you're happy to wait another 25 years for a PM boom.
Only if you get off the bus at the right time. Validating your own investment stratergies by the success of those who are:
1. Weeks if not months ahead of magazine articles about what they do
and
2. Influencing the market so prices may raise
and
3. Influencing the markets to make credit for venture capital investments cheaper for themselves
does not say why you do what you do. I could tell you all about how Gazza or Beckham or Robson played football in their prime, but I do not think Manchester United are asking for my telephone number.
Now, back to MY point.
From a being prepared point of view, gold, silver or any other precious metal is one of the last things you should be thinking about, not the first. If it offends you that I think this, you are free to bring up what others have done to validate your feelings on the matter, but the simple fact of the matter is, if you get caught with your trousers down and TSHTF and all you have is gold, expect two things:
1. Those with food might not or will not sell it to you
2. Those with the will and the weapons might use them to take your gold
Until you are well on the way to having enough food or the means to produce it for an indefinite period and the means to defend yourself from all reasonable attacks, buying something that is neither storable food, the means to produce it or the means to defend it is - well, it is what it is.
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Moneyweek article, The end of Britain, Economic collapse
