FiresEye said:
What?
invest in gold?
- Thread starter vanoldschool
- Start date
What?
LM
Hero Member
mr_larry said:
Both of those statements are way, way broad-brush. Unless you're only concerned about indexing or dealing in ETF vehicles, there's value out there once you get beyond the macro enviroment.
I'm a 360 Degree value fundie. As such, statements like that kinda make me chuckle. 08-09 was one of the most ridiculously inefficient markets we will ever see in our lifetimes. When the hedge funds were delevering, colossal institutional sell orders were transmitting simultaneously, liquidity didn't exist and prices were getting beaten down to ridiculous risk-adjusted earnings multiples, well, every student of Graham and Dodd nutted in their shorts, started blowing off their available powder and whatever they could borrow from rich uncles. Those guys made a decades worth of hay in a weeks worth of sunny days... Opportunity usually knocks loudest when everyone else is too damn afraid to answer the door.
LS Morgan: You're not Stanley Morgan are you? LOL I liked your post.
Having never purchased gold, or any metal, can somebody answer this? You purchase 10K worth of gold at 1000 dollars per once. Market goes up to 1400 dollars per. You sell. How much of that supposed 400 dollar profit per once is lost in handling fees or transaction fees?
OT
Having never purchased gold, or any metal, can somebody answer this? You purchase 10K worth of gold at 1000 dollars per once. Market goes up to 1400 dollars per. You sell. How much of that supposed 400 dollar profit per once is lost in handling fees or transaction fees?
OT
LM
Hero Member
I'm not a metals guru, but I recently dumped off my 90% face silver and a few lower denomination Canadian gold leafs on ebay.
Ebay provides for equities-like liquidity on bullion.
Ebay provides for equities-like liquidity on bullion.
Last edited:
Frankn
Gold Member
if YOU BOUGHT IT AT $400 and sold it at $1200 yes you are an instant billionair, but who holds a non interest bearing product that long? Gold is basically a sweep fund used when the market soures.
The thing that drives the market today is OIL. It is now $86. Anything $80 or over Kills the market. Check the records! If oil would drop to $60 the market and the economy would take off like a rocket. Look at the records. When oil jumped to $140 it killed the world economy by sucking up all the discretionary money in the world!
The thing that drives the market today is OIL. It is now $86. Anything $80 or over Kills the market. Check the records! If oil would drop to $60 the market and the economy would take off like a rocket. Look at the records. When oil jumped to $140 it killed the world economy by sucking up all the discretionary money in the world!
Cool Hand Fluke
Bronze Member
vanoldschool said:
Here we are 14 months later and gold is $ 1,400.00 oz. Your initial 5k investment would now be worth 7k. I think gold will hit $2,000.00 oz and silver about 50.00 oz. before the end of 2012. The sever damage Obama is doing to the free market economy is breathtaking. His fabian socialist theories will bring us to the brink of economic Armageddon.
homefires
Hero Member
Fearless Leader just announced that they (THE FEDS) was going to Up the money supply in order to stimulate business growth. The devalued Dollar will allow more export goods so they think.
LOL!
Your going to see the Dollar loose even more value.
All consumer prices are going to raise to commiserate the devalued Dollar.
Gold is going to hit $1675.00 No Problems.
LOL!
Your going to see the Dollar loose even more value.
All consumer prices are going to raise to commiserate the devalued Dollar.
Gold is going to hit $1675.00 No Problems.
cdltpx
Sr. Member
Finally a man that speaks the truth our economy is a cheap oil based economy oil is the key more importantly cheap oil is the only way the economy can make advancements. But you have the economy grow then oil prices will rise(S&D) spurring inflation then the economy mysteriously reverses. If you recall the housing bubble didn't really rear it's head until fuel was at an all time high reason is most people don't balance their accounts they just work toss money in many different directions when they don't have any more it is off to the pawn shop or payday loan. Fuel spiked those that escape the inner city to the burbs have to do so with cars their fuel cost increased by 1/3 or even 1/2 and they suddenly found they were working for oil companies.What made it worse was vehicular proliferation at that time they were driving the biggest SUV to work each day with their live for today motto shredding their money with the aid of a v8 engine. They were doing anything to fail people were making every bad decision possible. I understand the housing issue is way more complex than just oil prices cause there were people that shorted the market based on the housing financing practices.Frankn said:
That is housing when oil finally rises to levels where refineries have difficulty moving product you will see agriculture suffer since our food is all oil based they use fertilizer for food this comes mainly from oil when we see oil reach levels where this occurs then you will see people starve in places you normally would never see hunger . If I had money to invest I would invest in aquponics this is a way to grow plants and fish the two complement each other you can feed the fish bug larvae and we have seen on dirty jobs that is not hard to do you can grow insect larvae with cast off s from any food industry., Heck road kill could feed fish in some areas especially out on West Texas. The other great thing about aquaponics is they use minimal water to produce plants and fish since it is a closed loop system it conserves water. It is especially successful in Australia an area prone to draught. Investing in metals etc to me is nuts why not start a business that requires little upkeep with maximum yield. If you make your system run on solar it will qualify for subsidies and you would not suffer loss due to service interruptions that are bound to occur as oil prices continue to rise. They have to rise oil is getting more and more expensive proof is even with the economy in the shape it is in it is on the rise why cause they can't get their hands on anymore cheap oil it is getting more and more costly to produce.
erikk
Hero Member
- Jan 6, 2007
- 908
- 1
- Detector(s) used
- EX2',CZ7a pro,Excaliburs 1000 & 2, F-75's ,Garrett Sea Hunter & Infinium LS PI , 1235X
cdltpx
Sr. Member
Wow if you would have bought then your investment would worth around 7K but would it? Inflation is taking hold watch next year how expensive things are going to get it will blow your mind. The way I see it our economy is rocket propelled downward we have retards at the helm. They can't say no to the rich people and that has been our undoing they will not stop until we see bloodshed like either the kind in former Soviet Russia or when France held their revolution. Hard to tell who would get the upper hand and at what point but one thing for sure the suckers sure are greedy they want it all. They will not rest till they take over every persons home they can. They claim that if we taxed the rich on the merits of the poor the rich would flee the USA and I say great go to the other countries that dissolve all the time placating these fascists is our demise.vanoldschool said:
TheRockDoc
Hero Member
- May 28, 2011
- 622
- 5
Very Very interesting to read this thread almost a year after the final post....
Anyone care to share your thoughts on where we go from here?
Anyone care to share your thoughts on where we go from here?
gwdigger
Bronze Member
TheRockDoc said:
Massive debt monetization or complete and utter collapse. Those are the only choices. My money is on debt issuance levels that will boggle the mind. Has to be if the govts want to survive and quash the debts with inflation. The ECB has the ability to issue Eurobonds. Just have to get them to do it. Which hasnt happened yet. im not saying buy gold but you might not want to stay in cash for long. Tangibles for the win. Stocks are relatively cheap but who can you trust?
thepianoman999
Greenie
- Dec 9, 2011
- 16
- 0
- Primary Interest:
- Other
I keep wondering to myself if silver is the new gold... I am only 24 and can hold on to my $200-$250 worth of silver indefinitely, but I'm wondering if I should by more, if even with a premium...
I do enjoy CRHing and the profit is well worth the search. I used to do options for SLV and GLD when silver and gold were going up and made a pretty penny, but prices have seemed stagnant lately. Ramble, ramble, ramble....etc....
I do enjoy CRHing and the profit is well worth the search. I used to do options for SLV and GLD when silver and gold were going up and made a pretty penny, but prices have seemed stagnant lately. Ramble, ramble, ramble....etc....
S
stefen
Guest
thepianoman999 said:
Obviously silver is almost always within the affordable investment dollar range of most people even if gold continues to accelerate in the future.
As gold increases so will silver, so any silver you can add to your stockpile will always be a plus.
Buy smart.
Always buy lower than market.
Precious metals will always perform in a 'Sine Wave' fashion as it has in the past...
When it drops (trough) be prepared to wait it out...Its not for the faint of heart.
gwdigger
Bronze Member
no rate hikes for years - the feds words today. holy crap. i am willing to bet we'll see new highs in gold again this year. i buy, and have been for many years now, gold and silver on every dip. i'd buy stocks and commodities futures too if i could trust the money changers. i dont. the golden bull is alive and well in spite of dennis gartmans proclaiming its demise.
gwdigger
Bronze Member
http://dailyreckoning.com/the-federal-reserves-explicit-goal-devalue-the-dollar-33/
Since 1971 the price of bread has roughly doubled every 10 years, like clockwork. If our school system taught the truth about fiat currency we wouldnt have a nation of debt slaves. Tangibles ALWAYS hold their value (buying power) over the long haul. Oil was $10 per barrel just 12 years ago. BP is the same place it was 12 years ago. Better to have bought oil. But then you'd need a company like MF Global.
Sorry to ramble. So few have a clue.
I was having my hair cut the other day and I was talking to the lady hair dresser about the price of gold. When she asked the price of gold and i said it was $1725 she thought I meant $17.25. No joke.
So few have a clue.
The TV is the modern day Amphitheater.
Since 1971 the price of bread has roughly doubled every 10 years, like clockwork. If our school system taught the truth about fiat currency we wouldnt have a nation of debt slaves. Tangibles ALWAYS hold their value (buying power) over the long haul. Oil was $10 per barrel just 12 years ago. BP is the same place it was 12 years ago. Better to have bought oil. But then you'd need a company like MF Global.
Sorry to ramble. So few have a clue.
I was having my hair cut the other day and I was talking to the lady hair dresser about the price of gold. When she asked the price of gold and i said it was $1725 she thought I meant $17.25. No joke.
So few have a clue.
The TV is the modern day Amphitheater.
S
stefen
Guest
gwdigger said:
How true...so few people are aware of the investment economics...price of oil, beef, pork bellies (or baked beans....)
Gas, yes.
Milk, yes.
Bread, yes.
Hair cuts...
Anything that affects the basics of daily living expenses, ie., food, shelter, etc.
gwdigger
Bronze Member
This thread died. I wonder how many continued to buy gold and silver through the doldrums? I did. I'll bet silver at least triples and gold at least doubles within the next 3 years. Anyone care to wager for beer money?
