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 Posted: Mon Jan 10, 2011 4:25 pm
This seems like a very silly question but I was thinking of piling up a ton of gold and storing it on a mule.
Because if gaia does their job, the value of gold will rise, no? Not expecting a HUGE rise in value, even if I only end up earning 1k i'd be happy. xD
I dont know, ive lost a lot of faith in items and I wouldn't have to worry about the urge to spend it.
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Posted: Mon Jan 10, 2011 5:06 pm
What exactly do you mean by Gaia doing it's job?
Anyway, I don't think that would be a good idea. Tons of gold is added to Gaia each day through Bootygrab/zOMG/other stuff. The more there is, the less it'll be worth. Like the more Pale Marionettes are released, the lower it's price becomes.
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Posted: Mon Jan 10, 2011 5:16 pm
spiral45 What exactly do you mean by Gaia doing it's job? Anyway, I don't think that would be a good idea. Tons of gold is added to Gaia each day through Bootygrab/zOMG/other stuff. The more there is, the less it'll be worth. Like the more Pale Marionettes are released, the lower it's price becomes. Doing its job reducing inflation and such. I was sort of thinking the same thing, just wanting more advice.
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Posted: Mon Jan 10, 2011 5:22 pm
If deflation really does occur, then yes, you want to have more of your assets in gold rather than items.
But if it doesn't, you want to have more of your assets in items rather than gold.
So which way do you want to bet?
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Posted: Mon Jan 10, 2011 5:28 pm
purplewiz If deflation really does occur, then yes, you want to have more of your assets in gold rather than items. But if it doesn't, you want to have more of your assets in items rather than gold. So which way do you want to bet? Well, im not going to go out of my way and sell all of my items for this. I was thinking gradually saving up the gold on my mule, Maybe 10% of my daily income would go to my mule.
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Posted: Mon Jan 10, 2011 6:35 pm
I wouldn't personally advise that.
Perhaps putting that gold into rig bundles, then hoard them for however long it is you want to hold onto them.
RIGs seem to be the most stable investment these days.
-shrugs-
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Posted: Mon Jan 10, 2011 6:51 pm
I wouldn't recommend that. Maybe set aside some gold for your mule to invest with? Gold just sits there and loses value, whereas most items will increase in value over time and give you profit. Investing in promising new items (such as RIGs or EIs) will do more for you than 'investing' in gold.
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Posted: Mon Jan 10, 2011 10:02 pm
Gold isn't an investment; it's a tool. You don't make any profit directly from holding gold, but from using it wisely. If you don't have enough gold sitting around (that's your working capital), you can't move quickly when there are bargains to be had. If you have too much, you're not making anything on it.
So stashing some gold on a mule is a very good idea (see my other thread), but the economic benefit you get from it isn't like what you get from a good investment. The benefit is having that gold ready to go when you need it.
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Posted: Tue Jan 11, 2011 5:22 am
I aeri I
I wouldn't recommend that. Maybe set aside some gold for your mule to invest with? Gold just sits there and loses value, whereas most items will increase in value over time and give you profit. Investing in promising new items (such as RIGs or EIs) will do more for you than 'investing' in gold.
What im saying is, if deflation really does happen.. Wouldnt it be nice to have a pile of gold that rose in value over time?
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Posted: Tue Jan 11, 2011 5:24 am
purplewiz Gold isn't an investment; it's a tool. You don't make any profit directly from holding gold, but from using it wisely. If you don't have enough gold sitting around (that's your working capital), you can't move quickly when there are bargains to be had. If you have too much, you're not making anything on it. So stashing some gold on a mule is a very good idea (see my other thread), but the economic benefit you get from it isn't like what you get from a good investment. The benefit is having that gold ready to go when you need it. Yea, I read your other thread. And ive decided to put a percentage of my income onto a mule everyday. Just in case I am cut off from my main account. (:
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Posted: Tue Jan 11, 2011 12:14 pm
Podium I aeri I
I wouldn't recommend that. Maybe set aside some gold for your mule to invest with? Gold just sits there and loses value, whereas most items will increase in value over time and give you profit. Investing in promising new items (such as RIGs or EIs) will do more for you than 'investing' in gold.
What im saying is, if deflation really does happen.. Wouldnt it be nice to have a pile of gold that rose in value over time?
Right, but when have you really seen mass deflation happen (and stick)? IF it were to happen, then yes. But I wouldn't expect any large-scale deflation any time soon. I can maybe see inflation slowing down, but not everything going in the complete opposite direction. It's definitely good to always have gold on you, in the case that you'd want to invest in something new or buy something for keeps. I can understand having some gold stashed away if you ever need it, but I wouldn't expect the value of it to go up.
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