Gold
 

Is now the time to buy gold?

Sorry wrong forum.

Great time to buy gold!!

http://forums.pelicanparts.com/uploa...1252979055.jpg

NOPE...the price is at an all time high....wait for a pull back if you are so inclined to purchase.

Silver would be better as it is $16 with an all time high of $21.

I bought some silver ETF a year ago when it was at $11. It was my first ever purchase. I doubt if all of my purchases will do so well.

No way. Gold is extremely high right now. The only way it's going to go much higher is inflationary effect, which won't net you much in terms of real value gain.

I'd look at currency markets - that's what I've been doing.

No.

Anytime you see a post like that one, it is time to SELL.

Inflation is here and is going to grow much much worse. I would buy Gold, Silver and basket of 5-6 other currencies (if you want to own some FIAT currency).

Where?

I mean, I keep on hearing that, but don't see where. Certainly isn't housing.

Also, when people are spending big bucks to advertise the selling of gold, what does that tell you about their thinking on which way it's going?

The real fear now is deflation.....

At the end of the day someone is gonna have to pay for all the trillions of $$ they're printing and they can't keep the interest rates artificially down at 0.25% forever. Deflation first for the next 2-3 years I think, then hyperinflation..just my opinion.

Buy ammo. You can use the ammo to get the gold. And the power. And the women.

Yep.

Although ammo prices are near all-time highs too.

Gold ammo!

Gold is one of those things over the long run will always go up I think.

Unlike diamonds which deBeers artificially dribbles on to the market, there is not a whole lot of gold left to mine.
It is still an incredibly popular thing to purchase in Asia.
Last time I looked, they have the dominant population mass on this planet.

I've been buying & selling it for the past 15 years when it was down in the $200's.
Now that gold tonight crossed $1023....I will continue to do the same.
I have been retired since I was 51, partly due to the great performance of gold over the long haul.

Sure it's had it's ups and downs....just like some markets we all know about.

I really don't see things improving very quickly in the US no matter what the politicians and media say.
One day the all mighty US dollar will no longer be the currency of choice around the world....believe it or not.
When that happens, the dollar will crash and gold will go to heights likely unimaginable by most.

That's what I think.
But of course, it is only my opinion.
:p
Have a great day.

Is now a good time to buy gold?
Only if you though it was a great time to sell your stocks last year ;)

Oh, you mean like real estate?

Sorry to pick on you, but it does sound an awful lot like what people were saying about RE for the last 10 years or so. Makes me wonder if there's not a "gold bubble" right now. Personally I think there is.

I do own some, but not an enormous amount of it. Mostly I don't see it as an especially valuable commodity. If the SHTF (which I think it very well could in the near future) and there's a radical breakdown of social order, law, government and all the rest, the most valuable things are going to be practical things to barter - food, water, clothing, shelter, fuel, tools, weapons, etc. While a lot of people might accept gold in exchange for things as kind of a de facto currency, a lot might not. So as such I question how much real value it has.

Other than appealing to the attraction of us hairless monkeys to bright shiny things, what practical uses does gold really have? It's too soft to really be of much use for making things other than decorations (which aren't practical or ultimately necessary). I'd think pound-for-pound steel or aluminum are probably "worth" more in the sense that you can actually make useful objects out of them.

Again, just my $0.02. I don't claim to be an expert in the precious metals markets or anything, just when I see it at $500 and then double that in five years with people claiming "it never goes down", the alarm bells go off. I'm seriously considering cashing out my holdings now... When those stupid "send us your gold jewelry" informercials stop airing then I guess I will. Probably won't be long...

:D that's some good post'n there Jeff.

Although, I will say gold has value for electronics. But, as you say, if the SHTF Sony won't be a big player. ...which brings us back to; attraction of us hairless monkeys to bright shiny things. (I'm still chuckling at that line)

This is only true on nominal terms, inflation adjusted gold is not very close to an all time high.

Which in itself is an interesting point. If it is such a great inflation hedge, why is it so low in value when you take inflation into account?

I bought a brothel with high quality tang. You will give me your food, ammo, gold, guns, and power and thank me for the privilege.