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  1. #1
    us
    VAN RIPER

    Dec 2005
    Port Orchard, Wa
    Whites DFX 300
    671
    19 times
    All Types Of Treasure Hunting

    invest in gold?

    Since Gold is up to $1000/oz Should I but 5ks worth, if I have the $ also where do you but Gold From??

  2. #2

    Feb 2008
    2,473
    226 times

    Re: invest in gold?

    Refrain from buying at the top. Takes too long to get your money back.

  3. #3

    Jan 2007
    Punta Gorda FL
    EX2',CZ7a pro,Excaliburs 1000 & 2, F-75's ,Garrett Sea Hunter & Infinium LS PI , 1235X
    908

    Re: invest in gold?

    Do U really think it is now at the top? I Dont

  4. #4

    Feb 2008
    2,473
    226 times

    Re: invest in gold?

    Erikk:

    If you are sure that the economy will just go on getting worse for a long time
    gold is the best hedge. Then you have to decide when to cash in or whether
    to just hold it indefinitely. At some point the large gold holders will decide to
    shed gold and the price will tank. Knowing their sell target will keep you from
    getting burned.

    lastleg

  5. #5
    Charter Member
    us
    MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRO

    Dec 2003
    S.W. Schuylkill County
    47,089
    6024 times
    All Types Of Treasure Hunting

    Re: invest in gold?

    You wanna Buy Gold Now ?

    Put an add in your Local Paper Buying Gold.

    Then pay 90% of Spot.

    IF You buy from a Dealer now you wil pay
    $110% of Spot or more .
    Makes Little sense to me.

  6. #6

    Jan 2007
    Punta Gorda FL
    EX2',CZ7a pro,Excaliburs 1000 & 2, F-75's ,Garrett Sea Hunter & Infinium LS PI , 1235X
    908

    Re: invest in gold?

    Quote Originally Posted by jeff of pa
    You wanna Buy Gold Now ?

    Put an add in your Local Paper Buying Gold.

    Then pay 90% of Spot.

    IF You buy from a Dealer now you wil pay
    $110% of Spot or more .
    Makes Little sense to me.
    I buy MS61's or better US $20.00 & have been doing OK & yes, I think the economy will get much worse How is the hope & change working??

  7. #7

    Jan 2007
    Punta Gorda FL
    EX2',CZ7a pro,Excaliburs 1000 & 2, F-75's ,Garrett Sea Hunter & Infinium LS PI , 1235X
    908

    Re: invest in gold?

    1084 India dumps greenback & buys 200 tons I might C a pattern here what is our debt how many Trillion & they R just getting started

  8. #8
    us
    Sep 2009
    2

    Re: invest in gold?

    I'm loving this ride, if you trade mining stocks daily your watching the gold price daily and 1,020's seem to be a base(for now-think it'll go higher) so..maybe take a third and buy some on dips..but for sure I'd have some metals held in hand-silver isn't sky high yet..
    (stocks) is said the reason their not at historic highs is the ETF"s have taken away the large fund buyers..still good ride..

  9. #9
    Conservative Cherokee "WP" (Wolf Pack 4Ever)

    Jan 2008
    Louisiana
    Explorer II & Garrett 2500 w/Treasure Hound
    1,782
    69 times

    Re: invest in gold?

    I am with erikk.

  10. #10
    us
    Feb 2010
    134
    1 times

    Re: invest in gold?

    I wonder if we will ever see gold drop back to what we seen even 2 years ago.I consider myself extremely fortunate to have been talked into transfering everything into gold in early 2007.I dont see myself bailing out anytime soon.

  11. #11
    us
    Mar 2010
    Raleigh, North Carolina
    Radio Shack Discover
    94

    Re: invest in gold?

    My economics training (what I went to school for), pretty much tells me that gold is a bubble. It's not as big as the real-estate bubble and it will pop. Personally, I wouldn't invest in gold.

  12. #12

    Mar 2008
    16

    Re: invest in gold?

    Gold was $800 back in 1980, that's 30 years ago.
    At $1,150 today;
    That's a yield of 1.3% per year. What is the probability it'll go much higher?
    Ken

  13. #13

    Feb 2008
    94

    Re: invest in gold?

    I like gold as a hedge but not a long term investment. Buy low sell high and you'll do just fine. I won't buy gold again unless its a really good deal or it goes under $900.

  14. #14
    us
    Aug 2010
    Key West
    Fisher, Whites, Tesoro
    517

    Re: invest in gold?

    I won't buy gold because it's not my thing. But for years I thought those who invested in gold were nuts. So far I look foolish. The stuff keeps going up and has for several years now. I did not think it would get much above 1000 dollars. Now it's 1200+.

    As a kid in the early 70s I worked for a jeweler after school learning the trade. At the time gold was about 35 dollars. It ran up to 400 by 1978 or 79. Everybody thought it would never go up from there.

    Now we have 1200 dollar gold. I'm not so sure I'd make fun of gold investors anymore. It's not for me but it's hard to ignore the constant rise in price in the last 35 years. I can't think of a single reason it would go down in this uncertain world. People get scared they cling to the old solid things like gold.

    Old Town

  15. #15
    us
    I deal in reality

    Mar 2010
    Maryland
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    8,084
    2132 times

    Re: invest in gold?

    Gold is the safety factor in the market. When the market bombs out like it is now, gold jumps up because everyone is buying it for a safe haven. When the economy recovers, it will drop in value. All these companies that are selling it now will buy it back at a lower price when the market recovers. It's like stock, buy low sell high.

 

 
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