459 replies to this topic

[steve7stud]

Curious to see if anyone knows about gold or precious metals as an investment. Thoughts?

[El Guapo]

This is a really ambiguous question. What information are you looking for?Yes I do.Yes Gold and other precious metals are investments.

[steve7stud]

El Guapo, on Saturday, May 9th, 2009, 3:25 PM, said:

This is a really ambiguous question. What information are you looking for?Yes I do.Yes Gold and other precious metals are investments.

Well it is a pretty general question.But I wanted to know what people that about it as an investment.......likes, dislikes, etc. Nothing complicated.

[GWCGWC]

My questions about gold:Is it still illegal to hoard gold?What's the minimum amount of money someone could invest buying gold on the stock market?Would it be possible for the US or any large economy to go back to the gold standard? Does any country still use the gold standard?

[aucu]

This is my area, I have worked in the gold industry the last 15 years in the mining and exploration end.Good advice on investing in gold is rare.There are five basic ways to play gold-Physical gold-gold pool or certificates where you don't have to worry about starage-shorts-mining companies (medium to large producers will move up and down with the price of gold except more so)-exploration companies (able to go to zero or the moon)I don't give out advice personally to gold newbs as they can get hurt bad.

[El Guapo]

steve7stud, on Saturday, May 9th, 2009, 3:37 PM, said:

Well it is a pretty general question.But I wanted to know what people that about it as an investment.......likes, dislikes, etc. Nothing complicated.

OK, well here is the quick quick explanation.Gold is typically looked at as a Cash alternative and inflation hedge. It typically acts inversely to the strength of the dollar. People view it as a safe investment. I think this is incorrect, gold trades as a commodity which is highly volatile.I would never hold more than 5-10% of a portfolio in gold. I also think buying physical gold, unless you own a jewelry business is silly.I think the ads that it is going to 2000 an ounce are highly inflammatory and don't know how they can legally be put on the radio. Typical rule of thumb with any investment, if the general public is screaming buy, sell. And vice versa.

[El Guapo]

GWCGWC, on Saturday, May 9th, 2009, 3:39 PM, said:

My questions about gold:Is it still illegal to hoard gold? No ideaWhat's the minimum amount of money someone could invest buying gold on the stock market? You can buy gold ETF's GLD is currently 89.88 per shareWould it be possible for the US or any large economy to go back to the gold standard? NoDoes any country still use the gold standard? Not sure

[steve7stud]

El Guapo, on Saturday, May 9th, 2009, 3:43 PM, said:

OK, well here is the quick quick explanation.Gold is typically looked at as a Cash alternative and inflation hedge. It typically acts inversely to the strength of the dollar. People view it as a safe investment. I think this is incorrect, gold trades as a commodity which is highly volatile.I would never hold more than 5-10% of a portfolio in gold. I also think buying physical gold, unless you own a jewelry business is silly.I think the ads that it is going to 2000 an ounce are highly inflammatory and don't know how they can legally be put on the radio. Typical rule of thumb with any investment, if the general public is screaming buy, sell. And vice versa.

Very cool, thanks for the info.

[steve7stud]

aucu, on Saturday, May 9th, 2009, 3:42 PM, said:

This is my area, I have worked in the gold industry the last 15 years in the mining and exploration end.Good advice on investing in gold is rare.There are five basic ways to play gold-Physical gold-gold pool or certificates where you don't have to worry about starage-shorts-mining companies (medium to large producers will move up and down with the price of gold except more so)-exploration companies (able to go to zero or the moon)I don't give out advice personally to gold newbs as they can get hurt bad.

Thanks.

[grocery_mony]

Gold couldnt really break to far past $1000 an ounce even with one of the most uncertain times we have seen in 25 years or maybe longer. Cant really see it going to $2000 or higher like some are suggesting now that things seem to be calming down. If I wanted it as a short term speculation I would buy a double or triple exposure etf.

[Ron_Mexico]

I'm going to give my thoughts on gold as an investment in a day or two, so stay tuned

[Sal Paradise]

Ron_Mexico, on Saturday, May 9th, 2009, 7:24 PM, said:

I'm going to give my thoughts on gold as an investment in a day or two, so stay tuned

DIDN'T SEE THIS COMING

[grocery_mony]

Ron_Mexico, on Saturday, May 9th, 2009, 4:24 PM, said:

I'm going to give my thoughts on gold as an investment in a day or two, so stay tuned

lol. you do know that maybe 2 people will get this joke?

[Ron_Mexico]

Yeah, but those two people will enjoy it. I'm breaking down comedy barriers two posters at a time.also, my thoughts on Gold as an investment.It may or may not be a good idea.When something is bought and sold exclusively as an investment, sometimes the price can get inflated. Everything like that is a bubble. Gold may be in that stage right now. There might be a point when people buying and flipping gold will get caught when the bubble bursts just like they did with real estate. It's a possibility. Nothing is sure thing when it comes to investments. I read this somewhere.

[El Guapo]

Ron_Mexico, on Saturday, May 9th, 2009, 4:45 PM, said:

Securities offered through Ron Mexico are not FDIC insured and may lose value. Investments are not guaranteed, member FINRA and SIPC.

FYP

[Ron_Mexico]

El Guapo, on Saturday, May 9th, 2009, 7:51 PM, said:

I will suck off old men and go downtown on old ladies to secure my financial future

FYFMP

[savagerebel]

grocery_mony, on Saturday, May 9th, 2009, 6:37 PM, said:

lol. you do know that maybe 2 people will get this joke?

I got it and I thought it was great.

[hank213]

grocery_mony, on Saturday, May 9th, 2009, 5:37 PM, said:

lol. you do know that maybe 2 people will get this joke?

I think you seriously underestimate Ron's fanclub membership.*Seriously=an estimated 5 or 6 members. +/-2

[Balloon guy]

I don't know about gold, but some rich guy here bought up like a LOT of diamonds as an investment about 2 years ago. Like..a LOT of diamonds.He is really rich, so maybe he knows something.It's hard to trust anyone who makes a commision to give you good advice.Except El Guapo of course, because he's dreamy

[steve7stud]

savagerebel, on Saturday, May 9th, 2009, 4:54 PM, said:

I got it and I thought it was great.

I thought it was funny.