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??

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

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

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

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.

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??

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

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..

I am with erikk.

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.

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.

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

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.

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

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.

I also have an economics degree. And I have 11 years managing a trading desk in options and super crazed equities traders who used the investing axiom: Get a hunch, bet a bunch.

I don't see gold anywhere near bubble levels. I've always been skeptical of gold as an investment in the past. My tune is changing. I really don't see any indication of a bubble at these prices. Gold is considered an alternative investment. When the stock market is doing well, money flows there. When the housing market is doing well, money flows there. When alternative investments are available, precious metals are often neglected, and the pricing suffers as a result.

Currently, the stock market is considered extremely risky and the housing market will surely fall further by at least 20% or so. As debts get paid off and people begin to look for a safe investment, precious metals will be a good vehicle, and perhaps one of the first vehicles that people consider. I firmly believe you will see gold rise to near $3000, possibly beyond, in a bubble environment. And that is a conservative guess. It depends upon what happens to the U.S. economy in the coming months and years.

One of the keys to successful investing is not trying to time the market. Don't believe for a moment that you can buy low and sell high, cuz it ain't gonna happen. If you want to get into gold, spread your investment out over several months if you feel it might drop. If you are bullish on gold, maybe put half of your money in today and half in a few months. Nobody can consistently time the market.

If you think gold is too expensive today, but you want in, you might miss the entire ride by never getting in while you wait for prices to drop. Do not think that you are smarter than everyone else, because you are not. You are welcome to an opinion, but only give your opinion about a 70% weighting.

If your gut is telling you to buy some gold, go get it. Look at the ETFs traded on the exchanges. If you buy bullion, don't deal in anything less than an ounce coin. If you are buying bullion, don't buy rare coins. If you are buying bullion, always take delivery.

Good luck!

I agree with the previous post in that you can't time the market, but you can buy low and sell high by following the high and low points of certain stocks.As for gold it is the sweep fund when the market tanks!

Had you bought into the gold market, you'd have realized a $1500 gain on your investment within a little over a 1 year period...

Since gold is tied to the dollar, you will continue to make gains as long as the economy is in the dumper.  However, once the economy rebounds, the gold may retreat.  If so, the gain will decrease...

Now look ahead 2 years and with a recovering economy, the $5000 investment may be worth something less than $1300 an oz. and the investment may retreat to $1200 or less (for the sake of a conversation) thus making a total gain of $1000 in 3 years.

Investment in this market is definitely for the long term and will express numerous swings.

Definitely not for the weak at heart.

http://www.reuters.com/article/idUSTRE6932NR20101004

mining company shares?

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

If I had 5000 extra cash I'd invest in gold bullion... sure.. I'd also hammer the gold, to my own shape, because in a different way than gemstones, metals hold energy, and also communicate it.
More importantly than gold, that 5k should be first checked to make sure you have enough resources on hand.. for, oh, many years to come. Resources is the new investment... What are you going to do with your gold besides channel with it.

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

If I had 5000 extra cash I'd invest in gold bullion... sure.. I'd also hammer the gold, to my own shape, because in a different way than gemstones, metals hold energy, and also communicate it.
More importantly than gold, that 5k should be first checked to make sure you have enough resources on hand.. for, oh, many years to come. Resources is the new investment... What are you going to do with your gold besides channel with it.

What?

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

If I had 5000 extra cash I'd invest in gold bullion... sure.. I'd also hammer the gold, to my own shape, because in a different way than gemstones, metals hold energy, and also communicate it.
More importantly than gold, that 5k should be first checked to make sure you have enough resources on hand.. for, oh, many years to come. Resources is the new investment... What are you going to do with your gold besides channel with it.

What?

Read between the lines.. Remember that old sherade? /R/E/A/D/

That reminds me of the reading rainbow.. Haha!

Honestly, I don't know what you are talking about. Energy, channeling, gold, hammering shapes. I'm not with you.

Currently, the stock market is considered extremely risky and the housing market will surely fall further by at least 20% or so.

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.

One of the keys to successful investing is not trying to time the market. Don't believe for a moment that you can buy low and sell high, cuz it ain't gonna happen.

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

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.

Fingerstyle Guitar

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!

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

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.

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.

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!

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.
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.

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

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

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 - WORD REMOVED - Some people (parents of hadicapped children for example) find this word offensive.  Please don't use denigrating terms here at TreasureNet.  Thanks.s 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.

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?

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?

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?

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 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....

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.

 

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.