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How is that gold investment working out for you?

redruM said:
That thread was from like 3 weeks ago. Anyone who bought gold then, with the intent on selling it a month later, shouldn't have bought gold in the first place.

Any money that "people are pulling out of gold" - to put into RE or otherwise - is largely if not entirely related to paper gold instruments.

Bottom line? You don't know what you're talking about.
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Let's see where gold is at by the end of the summer. :rolleyes
 
Pointless to second guess gold prices. If you buy it as investment, hold it for twenty years. ( I have traded gold on daily basis, but don't recommend this.) I posted in that thread. I did maybe six round trips and cashed out with five positive trades and one negative. I'm happy.
 
Climber said:
Let's see where gold is at by the end of the summer. :rolleyes
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the paper market price of gold may very well be lower by your nostradamus-like "end of the summer" call date. means jack shit. gold isn't a short-term investment - it's all-term insurance.

the market price of gold is currently based in an artificial paper world. futures. leasing. rehypothecation. very little to do with the metal itself.

go try to find someone who will sell you an ounce of physical gold for less than $1,500 today. let me know how that works for ya :laughing
 
redruM said:
the paper market price of gold may very well be lower by your nostradamus-like "end of the summer" call date. means jack shit. gold isn't a short-term investment - it's all-term insurance.

the market price of gold is currently based in an artificial paper world. futures. leasing. rehypothecation. very little to do with the metal itself.

go try to find someone who will sell you an ounce of physical gold for less than $1,500 today. let me know how that works for ya :laughing
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WTF does that have to do with gold as an investment?

You're talking like either a gold salesman or somebody who has bought into the idea.

Any commodity that is cyclic (as gold most assuredly is) can be a good or bad investment, depending on when you buy it and how you choose to look at it.

My point is that gold is just like any other supply/demand effected item, and when people don't have another viable alternative it's value is going to go up, but when there is another viable alternative (like the current real estate market) then it's value is going to go down.

What's so hard to understand about that?

You're just acting like as Ass when you try to paint me as stupid for not agreeing with your viewpoint.
 
Homepage on the browser has a Spot Gold chart.
gold.gif


Noticed for longest while Gold settled in the mid 1500s. Last Month it had a sharp drop into low 1400s. Rebound a little back into the upper 1400s. Over the last three days it gradually dropped to just below 1400 mark.
Noticed the sharp decline happened on the US watch. This three day decline is global in nature.

I got a sense this 1400 mark is going to be Gold's base level for a while. Until the next financial crisis larger then the usual crappy market.

The jumping Gold had around the mid 1500s suggested it was highly speculated. See what happens around the 1400 mark.
 
Climber said:
WTF does that have to do with gold as an investment?

You're talking like either a gold salesman or somebody who has bought into the idea.

Any commodity that is cyclic (as gold most assuredly is) can be a good or bad investment, depending on when you buy it and how you choose to look at it.

My point is that gold is just like any other supply/demand effected item, and when people don't have another viable alternative it's value is going to go up, but when there is another viable alternative (like the current real estate market) then it's value is going to go down.

What's so hard to understand about that?

You're just acting like as Ass when you try to paint me as stupid for not agreeing with your viewpoint.
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Where is your money?
 
cycle61 said:
Forget gold, I tripled my money in lead. :twofinger
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I quadrupled my investment in aluminum, plastic and steel. "Repair Kits" FTW:)

But on lead and other precious metals, I got in too late :(

Climber said:
Let's see where gold is at by the end of the summer. :rolleyes
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If'n ya bought it when Glenn Beck told ya to, 5 years ago, ya'd have made money still even with the recent drop....but now it's you cryin instead of 'im :laughing


-redneckonomics FTW! The stopped clock is correct twice a day, and always at the same time, be ready :teeth
 
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Climber said:
WTF does that have to do with gold as an investment?
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Nothing. It has to do with the disconnect between the paper markets (where the phony "gold price" is set) and the actual metal. Trying to help you understand that the market price is meaningless right now to those who hold gold and for the right reasons. Meanwhile, I must have stated a dozen times, here and in the other stupid threads, that I don't approach gold as an "investment". I treat it as insurance.

You're talking like either a gold salesman or somebody who has bought into the idea.
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One needs to sell gold to be a gold salesman. But I don't sell gold. Only an idiot's idiot would part with his gold in this economic/political climate. I'm a buyer-and-holder.

Any commodity that is cyclic (as gold most assuredly is) can be a good or bad investment, depending on when you buy it and how you choose to look at it.

My point is that gold is just like any other supply/demand effected item, and when people don't have another viable alternative it's value is going to go up, but when there is another viable alternative (like the current real estate market) then it's value is going to go down.

What's so hard to understand about that?
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'Commodities', 'cycles', 'investments', 'supply & demand'. All irrelevant terms right now. Gold is immutable money whose history has been purposely repressed by the same establishment that has been ass-raping the common people for centuries.

The fact that you think what's driving the (paper) market price of gold down lately is Joe Public selling his gold investments and moving it into real estate is laughable. So now that I've had my laughs, it's time for me to say

518fdb51bfe09.gif
 
redruM said:
The fact that you think what's driving the (paper) market price of gold down lately is Joe Public selling his gold investments and moving it into real estate is laughable. So now that I've had my laughs, it's time for me to say

518fdb51bfe09.gif
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Don't let the door hit you on the way out. :twofinger
 
you buy gold to hold. as a security. paper does not have the same security. countries collapse. shit happens. and so on and so forth. i bought low(in the 700's) and i didn't sell. only time i need to sell is if im flat broke on my ass or there is a time where paper/credits/whatever future bullshit is not used anymore due to insolvency.

its no secret that the dollar is being completely diluted and will continue to be as the future progresses. i could make a killing selling the amount i have even at today's price. but why would i do that? trade gold for paper? lol, the dumbest thing i've heard all day.

so in the end, no, its not an "investment", its a fallback.

don't buy gold? don't really care honestly. think im a fool, again, couldn't care less broheems.
 
G. Gordon Liddy for Rosland Capitol said:
During tough economic times, gold is the time-tested currency that goes up, not down.
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So does that mean our tough economic times are over since gold is going down? I guess so, since the stock market is achieving record highs lately. Man, what a relief.
 
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