Gold

dan88911 · 10-19-2010, 08:52 PM

Is now the time to buy. It's going to 2000 right?

slodave · slodave's Garage

Buy? Screw that. I just go to the source...

KFC911 · 10-20-2010, 05:04 AM

It depends...if you're diversifying there's never a bad time if you're simply "swapping apples for gold/silver" imo.

Porsche-O-Phile · Porsche-O-Phile's Garage

It's a bubble. There's money to be made for sure, but proceed with caution and as with any bubble, don't be the last guy standing when the music stops.

KFC911 · 10-20-2010, 05:28 AM

Gold ain't going back to 400/oz and APPL ain't going back to 40/share, and CA RE just ain't going...our whole economy is a bubble in that respect. Like anything, don't do it if you can't afford to lose it imo...

island911 · 10-20-2010, 07:55 AM

Quote:

Originally Posted by KC911

Gold ain't going back to 400/oz and APPL ain't going back to 40/share, and CA RE just ain't going........

HA!

My realitor sez now is a great time to buy! ... and the guy on the radio sez the same about gold . .. and he must be really smart, and have a lot of gold, to be offering me such a great deal when he just KNOWS that it's going to be worth WAY more real soon

asphaltgambler · 10-20-2010, 08:09 AM

When there is a reccomendation from someone always follow the money trail to see how objective their view is...............................................m y .02

GG Allin · GG Allin's Garage

My money's in black gold.

Porsche-O-Phile · Porsche-O-Phile's Garage

My commodities holdings are brass, lead and some steel.

With those, under any foreseeable circumstance where gold might be necessary, I'll be able to obtain as much as I want.

Brando · Brando's Garage

Buying on the market? I've always thought of investments this way:
If you can't see it or touch it, it doesn't exist.

If you're going to invest in gold & silver, buy the real thing, not a "share" of gold or silver.

KFC911 · 10-20-2010, 01:07 PM

Quote:

Originally Posted by Brando

Buying on the market? I've always thought of investments this way:
If you can't see it or touch it, it doesn't exist.

If you're going to invest in gold & silver, buy the real thing, not a "share" of gold or silver.

I'm a bit curious how one could do that with "that thar black gold". I do have a case of "green gold" (Brad Penn) just sitting out in the open in my garage...oops! My other commodities are in "spoon storage" (like POP), and when he puts it that way, I've been an diversified investor since I was 11 years old

.

tabs · 10-20-2010, 01:34 PM

I don't like chasing asset classes.

The Federal Reserve is embarking on PRINTING MONEY as in more USD to BUY TREASURIES which pay virtually no interest.

SO with MORE USD in circulation than before with no real increase in the size of the economy or productivity to warrant that increase in the # of USD does one think that the value of the USD is going to go up or down...If down than the underlying price of commodities will go up. including Gold.

Dantilla · 10-20-2010, 01:37 PM

Now is a great time to buy Gold if you want to buy high and sell low.

Gold is at near-record highs, while almost every other investment (Real estate, anyone?) is on sale.

tabs · 10-20-2010, 01:55 PM

Quote:

Originally Posted by Dantilla

Now is a great time to buy Gold if you want to buy high and sell low.

Gold is at near-record highs, while almost every other investment (Real estate, anyone?) is on sale.

Can I quote you in 6 months?

Rot 911 · 10-20-2010, 02:22 PM

Quote:

Originally Posted by tabs

Can I quote you in 6 months?

No kidding. I bought gold back at $900 thinking it was at a high point, but wanted a hedge should SHTF. Then I almost sold when it hit $1100. Then when it hit $1300 a few weeks ago, I started thinking of selling. Now I am not sure where the ceiling is going to be.

imcarthur · imcarthur's Garage

Quote:

Originally Posted by Brando

If you're going to invest in gold & silver, buy the real thing, not a "share" of gold or silver.

The problem with physical is you have to get it out of the safe deposit box & trek to the exchange to sell. It might have dropped $$ per oz while you were in transit.

Quote:

Originally Posted by Rot 911

No kidding. I bought gold back at $900 thinking it was at a high point, but wanted a hedge should SHTF. Then I almost sold when it hit $1100. Then when it hit $1300 a few weeks ago, I started thinking of selling. Now I am not sure where the ceiling is going to be.

Let me know if you find out. I was going to sell 1/2 two weeks ago but I am still holding. Six months ago some experts were predicting $1500 by year's end with mild corrections through the year. So far they were right.

Ian

on2wheels52 · on2wheels52's Garage

Some scrap gold comes in every day, it's put my kid through 3 1/2 years of college.
Jim

Porsche-O-Phile · Porsche-O-Phile's Garage

I can see $1500 but I doubt much more. The demand right now is (as I see it) driven by speculation and by virtue of the fact that there's a lot of investment money out there sitting on the sidelines right now looking for a home. RE sucks, bonds suck, stocks are volatile, so I figure a lot of people are taking a shot on gold looking to make a few bucks on flipping a few ounces here and there. I considered it, but said "nah" - I have other priorities right now. Probably could've made a few hundred or maybe a few thousand if I timed it right, but that's a dangerous game as so many recently learned in the RE bubble.

This one will pop in a few months and then there will be another bubble somewhere else to take advantage of... and the cycle will repeat somewhere else. And then somewhere else. It's the way of things.

tabs · 04:40 PM

Quote:

Originally Posted by Porsche-O-Phile

I can see $1500 but I doubt much more. The demand right now is (as I see it) driven by speculation and by virtue of the fact that there's a lot of investment money out there sitting on the sidelines right now looking for a home. RE sucks, bonds suck, stocks are volatile, so I figure a lot of people are taking a shot on gold looking to make a few bucks on flipping a few ounces here and there. I considered it, but said "nah" - I have other priorities right now. Probably could've made a few hundred or maybe a few thousand if I timed it right, but that's a dangerous game as so many recently learned in the RE bubble.

This one will pop in a few months and then there will be another bubble somewhere else to take advantage of... and the cycle will repeat somewhere else. And then somewhere else. It's the way of things.

U don't know which end is up..

QE2 is designed to do what...stop a deflationary spiral by PRINTING MORE USD"s and creating inflation..what does printing more USD's do to the value of the USD? If the USD goes down what happens to the price of everything specifically commodities and hard assets? It takes more USD's to buy them.

Now the question yuou have to ask yourself is there rampant speculation in the Gold market that has driven the value FAR HIGHER than is warranted by the economics of the matter?

Further do you think QE2 will further drive down the value of the USD longer term? If so than the economics will catch up with the speculative price for the Gold that you have just bought. U might just be buying it too soon at a higher than fair value.

My answer to the purchase of Gold is to wait till the election. You may see a decline in the price if the Republicans take office. or should I say you will see a correction in the price of Gold. However that correction will be a buying opportunity as the REALITY of QE2 is that the USD will continue to decline in value.

Racerbvd · Racerbvd's Garage