Who is making money at the moment?
| Related: | Personal Finance•Investing•Other Investments |
I mean investors, and who is buying and selling what for a decent profit.
Responses (3)
Gold seems to be the most popular traders are queing up to buy mine and yours.
Got a new credit card so ten grand on arm shares should see a tidy profit
See the share tips discussion
Shares are down this week so a buy on Fri or mon
He who dares wins
...
Or loses 10k
......
..
If you want to make big money then my answer is land.
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The word 'bubble' springs to mind.
It generates no income and always relies on there being someone out there with even more money who's willing to buy it off you at an even higher price.
Gold's become a bit of a Ponzi scheme.
Sorry, G-Man, I do try to keep well-informed, but can you explain 'ponzi', please.
Hi,
It's named for the man who invented it... If it hadn't existed already, it'd now be called a Madoff :)
http://en.wikipedia.org/wiki/Ponzi_scheme
Basically, people buy in on the promise of huge rises, but any return paid is a fraction of that put in by newer investors. It's essentially a pyramid scheme.
Admittedly, at least the gold physically exists (unless people have been buying synthetic ETCs). I figure the people who bought gold early can definitely make a profit by selling it, but those more recently buying are only sealing in profits for the earlier investors.
Thank you, G-Man, perfectly explained!