Gold-good investment or hype.

[CrackerJax]

I've always been fascinated with the reasoning behind gold, jewels, and such. they are just baubles left over form a primitive time in our history, when these things truly WERE scarce (because of their lack of technology).

None of it represents anything except prettiness. Stocks are a measure of energy....work...real productivity. Gold? It's closer to religion.

 

[greensister]

I cant eat gold. I cant wear gold to protect myself from the elements. I cant entertain myself with gold. Gold is useless execpt as a conductive material, to me.

If someone else wants to pay $110 per oz, ill sell it to them for that price, but i wouldnt pay market value for it.

 

[Big P]

I think a smart thing to do if you got cash is by some really cheap realestate right before it stops bottoming out here in the next few years

 

[CrackerJax]

I don't know about that. I would wait and see how the taxes are going to shake out first. Obama is flat out lying when he says taxes aren't going up. They aren't done rearranging everything and you can expect any gains to be a target. It's the socialist way.

I'd stay as liquid as possible....and real estate isn't liquid.

 

[fade409]

gold is perfect to own. i work in rare coins sales. Pre 1933 gold is the way to go. the $2.5-$5-$10 dollar indians are doing real well right now. when it comes to coins you dont just buy the gold factor you by the rarety factor. dont by low grade unless you have too. when it comes to pre 1933 gold try and stay around the ms64 and 65 levels. we just entered into the middle bullrun of gold. we still have 12-15 years left in it. gold is def a long term holder, you arent going to make much in only 2 or 3 years into it.

 

[doc111]

gold is perfect to own. i work in rare coins sales. Pre 1933 gold is the way to go. the $2.5-$5-$10 dollar indians are doing real well right now. when it comes to coins you dont just buy the gold factor you by the rarety factor. dont by low grade unless you have too. when it comes to pre 1933 gold try and stay around the ms64 and 65 levels. we just entered into the middle bullrun of gold. we still have 12-15 years left in it. gold is def a long term holder, you arent going to make much in only 2 or 3 years into it.

Wow! Nobody has posted here in a while! I hear what you're saying and I understand that gold should be used primarily as a hedge investment. Some people are speculating with gold but I think you're right. Probably not whole lot of money to be made in the short term.