Curious to see if anyone knows about gold or precious metals as an investment. Thoughts?
1
Gold As An Investment?
Started by steve7stud, May 09 2009 02:23 PM
432 replies to this topic
#1
steve7stud
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Posted 09 May 2009 - 02:23 PM
If you hear a voice within you saying, "You are not a painter," then by all means paint - and that voice will be silenced.
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#2
El Guapo
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Posted 09 May 2009 - 02:25 PM
This is a really ambiguous question. What information are you looking for?
Yes I do.
Yes Gold and other precious metals are investments.
Yes I do.
Yes Gold and other precious metals are investments.
#3
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Posted 09 May 2009 - 02:37 PM
QUOTE (El Guapo @ Saturday, May 9th, 2009, 3:25 PM) <{POST_SNAPBACK}>
This is a really ambiguous question. What information are you looking for?
Yes I do.
Yes Gold and other precious metals are investments.
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.
If you hear a voice within you saying, "You are not a painter," then by all means paint - and that voice will be silenced.
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#4
GWCGWC
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Posted 09 May 2009 - 02:39 PM
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?
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?
#5
aucu
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Posted 09 May 2009 - 02:42 PM
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.
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.
aucu on Stars and FCP
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#6
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Posted 09 May 2009 - 02:43 PM
QUOTE (steve7stud @ Saturday, May 9th, 2009, 3:37 PM) <{POST_SNAPBACK}>
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.
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.
#7
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Posted 09 May 2009 - 02:47 PM
QUOTE (GWCGWC @ Saturday, May 9th, 2009, 3:39 PM) <{POST_SNAPBACK}>
My questions about gold:
Is it still illegal to hoard gold? No idea
What'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 share
Would it be possible for the US or any large economy to go back to the gold standard? No
Does any country still use the gold standard? Not sure
Is it still illegal to hoard gold? No idea
What'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 share
Would it be possible for the US or any large economy to go back to the gold standard? No
Does any country still use the gold standard? Not sure
#8
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Posted 09 May 2009 - 02:48 PM
QUOTE (El Guapo @ Saturday, May 9th, 2009, 3:43 PM) <{POST_SNAPBACK}>
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.
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.
If you hear a voice within you saying, "You are not a painter," then by all means paint - and that voice will be silenced.
Vincent Van Gogh
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#9
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Posted 09 May 2009 - 02:48 PM
QUOTE (aucu @ Saturday, May 9th, 2009, 3:42 PM) <{POST_SNAPBACK}>
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.
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.
If you hear a voice within you saying, "You are not a painter," then by all means paint - and that voice will be silenced.
Vincent Van Gogh
Vincent Van Gogh
#10
grocery_mony
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Posted 09 May 2009 - 03:15 PM
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.
#11
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Posted 09 May 2009 - 03:24 PM
I'm going to give my thoughts on gold as an investment in a day or two, so stay tuned
I make $31,000 dollars a year and I have a home.
#12
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Posted 09 May 2009 - 03:35 PM
QUOTE (Ron_Mexico @ Saturday, May 9th, 2009, 7:24 PM) <{POST_SNAPBACK}>
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
QUOTE (Tactical Bear @ Monday, June 15th, 2009, 9:37 PM) <{POST_SNAPBACK}>
Anybody who dies of Swine Flu is just a faggot.
#13
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Posted 09 May 2009 - 03:37 PM
QUOTE (Ron_Mexico @ Saturday, May 9th, 2009, 4:24 PM) <{POST_SNAPBACK}>
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?
#14
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Posted 09 May 2009 - 03:45 PM
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.
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.
I make $31,000 dollars a year and I have a home.
#15
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Posted 09 May 2009 - 03:51 PM
QUOTE (Ron_Mexico @ Saturday, May 9th, 2009, 4:45 PM) <{POST_SNAPBACK}>
Securities offered through Ron Mexico are not FDIC insured and may lose value. Investments are not guaranteed, member FINRA and SIPC.
FYP
#16
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Posted 09 May 2009 - 03:53 PM
QUOTE (El Guapo @ Saturday, May 9th, 2009, 7:51 PM) <{POST_SNAPBACK}>
I will suck off old men and go downtown on old ladies to secure my financial future
FYFMP
I make $31,000 dollars a year and I have a home.
#17
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Posted 09 May 2009 - 03:54 PM
QUOTE (grocery_mony @ Saturday, May 9th, 2009, 6:37 PM) <{POST_SNAPBACK}>
lol. you do know that maybe 2 people will get this joke?
I got it and I thought it was great.
#18
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Posted 09 May 2009 - 05:25 PM
QUOTE (grocery_mony @ Saturday, May 9th, 2009, 5:37 PM) <{POST_SNAPBACK}>
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
Hank's tenure at Soulsuckers, INC, LLC, DBA TBD, had not been long, but it had been distinguished... By drunkenness, hair-trigger violence, and a total lack of performance. I would call it a steady decline in performance, but that would imply that he performed at one point in time. In fact he had not. He was drunk.
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#19
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Posted 09 May 2009 - 05:44 PM
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
I use my cigar smoke as idiot repellent
"The whole modern world has divided itself into Conservatives and Progressives. The business of Progressives is to go on making mistakes. The business of the Conservatives is to prevent the mistakes from being corrected." G.K. Chesterson 1900
"The whole modern world has divided itself into Conservatives and Progressives. The business of Progressives is to go on making mistakes. The business of the Conservatives is to prevent the mistakes from being corrected." G.K. Chesterson 1900
timwakefield, on 18 April 2012 - 10:38 AM, said:
Things are only rights because the government decides they should be rights.
#20
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Posted 09 May 2009 - 07:35 PM
QUOTE (savagerebel @ Saturday, May 9th, 2009, 4:54 PM) <{POST_SNAPBACK}>
I got it and I thought it was great.
I thought it was funny.
If you hear a voice within you saying, "You are not a painter," then by all means paint - and that voice will be silenced.
Vincent Van Gogh
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