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Registered
Join Date: Nov 2007
Posts: 6,274
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Is now the time to buy gold?
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i'm just a cook
Join Date: Apr 2006
Location: downtown vernon,central new york
Posts: 4,868
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it is if you can get people to sell to you for one tenth of it's worth like the "we'll buy your broken gold" tv douchebags are trying to do.
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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,594
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No.
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Am I the only one insulted by commercials that say, "and there may never be a better time to buy?"
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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Registered
Join Date: Feb 2004
Location: Decatur/Madison, Alabama
Posts: 1,192
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Other precious metals (Brass and Lead) are probably a better investment.
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Rob Channell One Way Motorsports 1979 911SC mostly stock ![]() 1972 911T Targa now with a good 2.7 ![]() 1990 Miata (cheap 'n easy) 1993 C1500 Silverado (parts getter) |
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The last time gold was worth this much, it took people 30 years to get their money back.
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Amir '83 911SC |
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Registered
Join Date: Nov 2004
Location: Charleston, SC
Posts: 2,357
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Based off the number of people trying to get others to buy gold, I'd be skeptical...
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'87 924S (Sold) |
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Registered
Join Date: Apr 2006
Posts: 5,179
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Quote:
If WWIII ever hits and we need to start cranking out more fighter jets, I'm set.
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drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
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Yeah. Fillings out of the teeth of a corpse who won't care...'cause they're a corpse. Otherwise...
No!
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The Terror of Tiny Town |
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I've been buying it for 25 years. Do you think I should stop?
But I have stopped selling any of the .900-.999 rounds I get. Portifolio diversifying a bit. I'd like spot to go up another $50 before selling any of the karat gold. We don't have tv so I can't comment on the commercials. I am curious as to what they are paying. Jim
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down to jap bikes that run and a dead Norton |
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gargles with Dom Perignon
Join Date: Feb 2008
Location: Pale Blue Dot
Posts: 479
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"If triangles' had a God, he would have 3 sides." |
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Dog-faced pony soldier
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Now is the right time to buy gold like 2007 was the right time to buy real estate.
Duh.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,484
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Agreed. I think now is the time for me to be selling my gold.
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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meister member
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Gold. The next bubble to burst.
I keep telling my friend who has invested in paper gold (no actual gold on his person) to get out before it is too late. He laughs at me. Speedy ![]()
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1983 944 guards red with 16" Fuchs, Host of Wisconsin area timing/ balance shaft belt tensioning party 1987 944S Purchased from Legion. Corvette LT-1 V-8 conversion with Mega Squirt II Check on progress ---> www.porschehybrids.com/gallery/speedracing944 Favorite Road = www.tailofthedragon.com 318 turns in 11 miles (11 min 20 sec best run) |
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meister member
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Gold. The next bubble to burst.
I keep telling my friend who has invested in paper gold (no actual gold on his person) to get out before it is too late. He laughs at me. Speedy ![]()
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1983 944 guards red with 16" Fuchs, Host of Wisconsin area timing/ balance shaft belt tensioning party 1987 944S Purchased from Legion. Corvette LT-1 V-8 conversion with Mega Squirt II Check on progress ---> www.porschehybrids.com/gallery/speedracing944 Favorite Road = www.tailofthedragon.com 318 turns in 11 miles (11 min 20 sec best run) |
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i'm just a cook
Join Date: Apr 2006
Location: downtown vernon,central new york
Posts: 4,868
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Quote:
In the end, the amount of gold they needed would cost over 30 million Euros, so they are pursuing other options. ![]()
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Mike 1976 Euro 911 3.2 w/10.3 compression & SSIs 22/29 torsions, 22/22 adjustable sways, Carrera brakes |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,514
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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But people expect to pay a premium for a new car and for it to depreciate like a rock. The opposite is the case with gold. Not that it always has to go up. But when it's at an all-time high is kind hard to argue is the best time to buy it.
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2022 BMW 530i 2021 MB GLA250 2020 BMW R1250GS |
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Broke
Join Date: Apr 2004
Location: California Foothills
Posts: 1,567
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Funny that I just watched several interviews about gold, then read this thread. The census is Gold is turning bearish against a stronger dollar. Spec is that it should hit 800 or so at the bottom. Personally, my readings suggest silver is only slightly into a bull market, and should retreat to around 15. Silver has more applications in electronics, cat converters, etc. I will probably buy lbs of silver and sit on it for a few years. Caveat,,,,,,I only repeat the information I can glean out of many different 'Experts', but I'm satisfied my decision on silver is right for me.
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Beer is proof that God loves us and wants us to be happy. B. Franklin 93 968 Cab 81 SC Targa (Princess) Now Residing in Denmark 1973 RS Z28 Vash will never own it! |
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