How is that gold investment working out for you?

[SpeedyCorky]

I'm just going to wait until it hits the bottom, then buy some and sell it for more later

+1 million

economy is in for a HUGE slump in the next 10 or 15 years, possibly sooner... too many of the current 20somethings (and younger) all are pooly educated and most are totally unemployable. many of them are getting useless degress and aquiring tons of debt. few of them will have $, and the economy will blunder.

in the meantime I suspect we will see some *not much* growth, so gold will go down. buy buy buy. hold for 10 or 15 years - boom you are RICH



..... well thats my plan.

either that or invest in oil NOW. certinly cant go wrong there either

 

[Holeshot]

Probably one of the best and most connected gold buyers/ experts is right here on BARF...but i'll let him decide if he wants to step into the thread.

Brett, Gold is an inflation hedge. RE is an inflation hedge. Both trade on long, long cycles. I think your correlation isn't up to snuff, IMO. Correlate Gold with a short term cycle asset, like a stock market security, instead.

 

[corndog67]

What money?

My money? I just bought a set if Q2s. A great investment (in traction).

 

[jt2]

If you bought in the last year, that gold investment isn't looking that bad if you compare it to AAPL.

 

[MrIncredible]

+1 million

economy is in for a HUGE slump in the next 10 or 15 years, possibly sooner... too many of the current 20somethings (and younger) all are pooly educated and most are totally unemployable. many of them are getting useless degress and aquiring tons of debt. few of them will have $, and the economy will blunder.

in the meantime I suspect we will see some *not much* growth, so gold will go down. buy buy buy. hold for 10 or 15 years - boom you are RICH



..... well thats my plan.

either that or invest in oil NOW. certinly cant go wrong there either

Consider rare cars?

 

[SpeedyCorky]

hahahha
naw, cars take up HELLA space!

.... but i'm always on the lookout for sexy classic sportbikes

 

[Reli]

They are all of the smart people who sold their houses and converted the money to gold when the financial crisis hit. Now they've divested their gold investment and are moving it back into the housing market.

It's not rocket science once you've seen the pattern once.

Except gold and real estate don't follow some kind of perfect inverse pattern as you're suggesting.

 

[SM610]

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.

Proper thought process, in my opinion. If nothing else, it's money (not currency) that the Government/banks/IRS can't get their grubby little paws on. You could pass it on without inheritance tax or sell it without capital gains. Those advantages have value that are not always considered. Just a thought...

I'm selling all mine right now.

Selling during a down period, with inflation most certainly in our future...

...seems counter intuitive to me, but you go.:|My guess is that you bought at such a point that this little dip, the first real one in years, still puts you way ahead. Why didn't you sell at $1901.35?

My most recent investigations indicate that the majority of selling is paper, not physical. If that is true, and, if people world wide are buying physical gold and silver like never before, then it's really only a matter of time. It seems that the difference this time is that purchases are increasing as the price goes down, especially silver. That is to say that significant buying is not during a frenzied bubble/upswing. How low will the ETF sellers drive the price? Hard to say, but it's hard to deny that the tables will turn some day. If history truly does repeat itself, those with the goods in hand will have done well.

 

[MrIncredible]

Selling during a down period, with inflation most certainly in our future...

...seems counter intuitive to me, but you go.:|My guess is that you bought at such a point that this little dip, the first real one in years, still puts you way ahead. Why didn't you sell at $1901.35?

I sold $50 of silver for $800 on Monday to give you perspective.

It wasn't bought as an investment, or a hedge or anything really-some of it was some really snazzy silver platters and bowls.

I'm having my first car restored, because I'd rather have that than the silver, the gold, the hedge, whatever you wanna call it.

In the end it's all just stuff. None of it matters.

 

[mercurial]

Hard to say, but it's hard to deny that the tables will turn some day. If history truly does repeat itself, those with the goods in hand will have done well.

You will likely be dead before that scenario occurs, or you will be killed when that scenario occurs. Not much of an investment strategy if you ask me.

 

[SM610]

You will likely be dead before that scenario occurs, or you will be killed when that scenario occurs. Not much of an investment strategy if you ask me.

I didn't.

 

[Reli]

You will likely be dead before that scenario occurs, or you will be killed when that scenario occurs. Not much of an investment strategy if you ask me.

Yeah, some of these gold bugs (not all or even most) remind me of the "end times" guys, hoarding canned food and guns in a secret bunker ready for the zombie apocalypse. Never mind the fact that if society ever reaches that point, it won't be worth living in anyway. So it's a waste of money & time IMO, especially when that money could have been put in traditional investment options which have done quite well lately.

 

[mercurial]

I didn't.

Actually you did, in the most general sense, the moment you posted a hotly contested opinion in a public forum.

 

[mercurial]

I couldn't agree more Reli, Gold is just a stupid investment, period. In the vast majority of economic scenarios, there is almost always an asset class that will perform substantially better than gold. It's price is almost completely driven by gold bug histrionics, so the risk adjusted return is horrible.

I'm sure there are a few people in this world that are quite good at trading gold, but I still struggle to understand why it would worth learning the nuances of this instrument in the face of so many other, easier ways to generate wealth.

 

[afm199]

I couldn't agree more Reli, Gold is just a stupid investment, period. In the vast majority of economic scenarios, there is almost always an asset class that will perform substantially better than gold. It's price is almost completely driven by gold bug histrionics, so the risk adjusted return is horrible.

I'm sure there are a few people in this world that are quite good at trading gold, but I still struggle to understand why it would worth learning the nuances of this instrument in the face of so many other, easier ways to generate wealth.

I'll say it one more time. Gold is a hedge. It's an odd one and it's a long time hedge, but it is a means of protection against inflation. You can criticize it as an investment as much as you want, but that does not change. ANY paper investment is risky, just as gold is risky. The economic environment we are in right now is hardly a stable long term investment scenario. It's a short term stock market boom fueled by the fed dumping tens of billions monthly into the economy via bond purchase. When that stops, and it will stop, things change radically. If you are a very good and savvy investor, you may know how to play that ( or think you do) via TIPS, variable rate bank loan purchase, short positions are many other strategies. But discounting gold as an investment is like discounting Metzeler tires because Dunlop sells more.

Remember, EVERY investment lives and dies on popular opinion. If folks decide that saving money is the only thing to do and eliminate all unnecessary consumer purchases, that has a profound effect on the economy. When an opinion changes, the market changes. Gold is inherently no more or less risky than paper investments, just more volatile.

 

[redruM]

I couldn't agree more Reli, Gold is just a stupid investment, period. In the vast majority of economic scenarios, there is almost always an asset class that will perform substantially better than gold. It's price is almost completely driven by gold bug histrionics, so the risk adjusted return is horrible.

I'm sure there are a few people in this world that are quite good at trading gold, but I still struggle to understand why it would worth learning the nuances of this instrument in the face of so many other, easier ways to generate wealth.

for the 100th time: gold - physical gold - is not an investment, nor is it something to trade (presently). it's not meant to "generate wealth". it is a means to preserve it.

just because you, Reli and the rest of the masses can't/won't understand the whys and hows, it doesn't make you impervious to the consequences of ignorance. sadly, you will have to learn the hard way.

 

[JesasaurusRex]

for the 100th time: gold - physical gold - is not an investment, nor is it something to trade (presently). it's not meant to "generate wealth". it is a means to preserve it.

just because you, Reli and the rest of the masses can't/won't understand the whys and hows, it doesn't make you impervious to the consequences of ignorance. sadly, you will have to learn the hard way.

explain to us simpletons why gold, physical gold, is so valuable. What exactly is it good for?

 

[Traq]

explain to us simpletons why gold, physical gold, is so valuable. What exactly is it good for?

Thousands of years of human history the world over indicates it is a metal that will always be deemed 'valuable' by societies. Why? Because it's pretty and people like it.

 

[MrIncredible]

for the 100th time: gold - physical gold - is not an investment, nor is it something to trade (presently). it's not meant to "generate wealth". it is a means to preserve it.

just because you, Reli and the rest of the masses can't/won't understand the whys and hows, it doesn't make you impervious to the consequences of ignorance. sadly, you will have to learn the hard way.

Dude have some pity for 'em. They've obviously been brainwashed by the chemtrails.

 

[JesasaurusRex]

Thousands of years of human history the world over indicates it is a metal that will always be deemed 'valuable' by societies. Why? Because it's pretty and people like it.

yea, no real value, probably even less so if you could imagine the end of the world environment redruM has running around in his head, that's the funniest part about his hoarding

Dude have some pity for 'em. They've obviously been brainwashed by the chemtrails.

you win the internet today