Gold-good investment or hype.

Gold will not go down, will not rot, will not dissolve. You also cant eat it, wear it, entertain yourself with it, or fuck it. To me gold is completely useless except as an electrical conductor, but there are tons of chumps out there that give it value.

Take advantage of the hype, buy gold now to give to your childenren later. Until nanotechnology advanced to the point where gold can be made from lead as easily as microwaving your roomate's last burrito.

buy gold if you can its worth more than the money you buy it with

NoDrama said:

Correct, Gold was not meant to be speculated on. Its a hedge against inflation/currency devaluation and was meant to be held for the long term. Silver on the other hand can be speculated on since its pricing is more volatile and the fact it is currently undervalued by a factor of 3-5. Of course if you had bought Gold back in 99 and held it until today, it would still be the best general investment you could have made.

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Yes ... and no. No on the last part.... I have surpassed anything gold has done investment wise 2 years ago right before the real estate collapsed (thanks Congress!). Heck, about 5 years ago, I picked up an IPO which performed at about 350% in 2 months..... GOLD is SLOW. Long term, but only 10% or less. Other things rise (and fall) much faster.

Big P said:

look at this chart guys if you buy gold now you fittin to lose your shirt. shes going down, dont for get when everyone buys all at once they will all be selling all at once too

if you missed the bus you missed the bus

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When the BUY BUY BUY pitch goes to a fever level.... it's almost over.
Everything corrects itself....it's all in the timing. The peak of anything occupies a very small time frame, and the truly successful folks can make sure they are ....

1.) Moving in the right direction (not buying high)
2.) Hitting that peak (or valley) or close to it.

Think of it as a game of darts and information/comprehension is the guiding hand of the dart (money). The Bullseye is the peak/bottom.

greensister said:

Gold will not go down, will not rot, will not dissolve. You also cant eat it, wear it, entertain yourself with it, or fuck it. To me gold is completely useless except as an electrical conductor, but there are tons of chumps out there that give it value.

Take advantage of the hype, buy gold now to give to your childenren later. Until nanotechnology advanced to the point where gold can be made from lead as easily as microwaving your roomate's last burrito.

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In the end....most things valuable are based on BEAUTY, not practicality. I suppose it also comes down to controlling that beauty which is mans true forte.

It's shiny and pretty just like precious stones. It was also much rarer back in the day. Actually, I need to pick up a book on the history of precious metals and jewels. There's an interesting story or two in there I'm sure.

beardo said:

buy gold if you can its worth more than the money you buy it with

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ONLY if the dollar isn't falling faster.... it's all relative and they are linked at the hip. In the end you have to convert it... or it's simply a paper victory. I'm not saying money cannot be made....it is all the time. But gold has these spikes and that's when everyone gets excited. Most of the time, when folks aren't paying attention....gold just sits there.
Never more than 10%... It's too slow....

CrackerJax said:

ONLY if the dollar isn't falling faster.... it's all relative and they are linked at the hip. In the end you have to convert it... or it's simply a paper victory. I'm not saying money cannot be made....it is all the time. But gold has these spikes and that's when everyone gets excited. Most of the time, when folks aren't paying attention....gold just sits there.
Never more than 10%... It's too slow....

Click to expand...

Gold follows the dollar, its not the other way around. The price of gold goes up, because the perceived value of the dollar is going down.The dollar has no value, its Monopoly money, paper, a promise, a contrivance the only thing that gives it purchasing power is the ILLUSION that it is real. Gold and Precious Metals are REAL. For society to work something needs to be a store of wealth so that value can be exchanged without the need for entering into a contract of barter. If people had not been so Fooled by the public education system to think only inside the box we might have been better off.

You will never become rich buying gold, you will only preserve your purchasing power. Gold has not followed inflation, if it had it would be $3000/oz so it needs to either go to that level, or the purch power of the dollar needs to come down. Markets are manipulated by the Plunge Protection Team, since that is what they do in essence. Gold and silver have massive shorts against them by some of the largest and most powerful banks in existence. Gold needs to be suppressed for the Illusion to work. If by this time next year gold was $10,000 per ounce people would see the swindle very easily, just as the people of Weimar Germany figured out the swindle when gold went from 170 marks to 87 trillion marks in a 5 year span. You can pay off all your loans pretty easily with 87 trillion marks. Lets say you had bought several homes and they cost 100,000 marks each, in 5 years you could have broken a piece of an ounce of gold and paid the principal off on all 3. Hyperinflation is very kind for those who can prepare for it. Oh and silver went from 12 marks to 544 billion.

That's not following, that's doing the opposite...and like I said...gold is SLOOOW compared to other investment vehicles...it's a pedal powered bicycle compared to stocks.

Yes...gold is real... but real "what"? There is no REAL basis for it's worth...other than it is desired. That is enough however.....since the monetary system is based upon it (except for the USA which has a fiat currency). Our gold is not tethered to the dollar.

87 trillion marks.... form 170. yes mighty impressive but it had no increased value.

170 from the past still EQUALED 87 trillion ... everything you need to buy went RIGHT UP ALONGSIDE GOLD. That's not a gain.....

At some point you must convert it...and that's where you are back in the sinking ship.....yes you have mre paper, but it isn't WORTH more.

I sense you have over extended urself in gold..... no more than 10%. Unless you don't mind watching all the profits be made by other ppl.

Gold is slow. Buy it and forget it.

I signed up for Bullion Vault a while ago. They gave a free sample to trade with and I actually made a couple of bucks on my first transaction. I never pursued it more but now that gold prices are much higher I wish I had dropped a few grand into it back then.

CrackerJax said:

That's not following, that's doing the opposite...and like I said...gold is SLOOOW compared to other investment vehicles...it's a pedal powered bicycle compared to stocks.

Yes...gold is real... but real "what"? There is no REAL basis for it's worth...other than it is desired. That is enough however.....since the monetary system is based upon it (except for the USA which has a fiat currency). Our gold is not tethered to the dollar.

87 trillion marks.... form 170. yes mighty impressive but it had no increased value.

170 from the past still EQUALED 87 trillion ... everything you need to buy went RIGHT UP ALONGSIDE GOLD. That's not a gain.....

At some point you must convert it...and that's where you are back in the sinking ship.....yes you have mre paper, but it isn't WORTH more.

I sense you have over extended urself in gold..... no more than 10%. Unless you don't mind watching all the profits be made by other ppl.

Gold is slow. Buy it and forget it.

Click to expand...

All countries have Fiat currency, the US was the last country to adopt. There aren't any gold standard countries left.

You know how I know Gold is only going to go up? Central Banks are buying it by the hundreds of tons at a time. Once its all owned by them they will let the price skyrocket so they can start buying the worlds assets for a tiny fraction of their value.

CJ when you say that inflation causes prices of everything to go up, you are correct, but your loan payments don't increase, neither does principal or interest. If you have a shit ton of debt you can easily pay it all off in a hyper inflationary crisis. If you have no metal saved up well your shit outta luck.

FWIW I have about 9 ounces of gold, certainly less than 1% of my investment portfolio. Silver I have much more of and have garnered a good profit from it if I were to sell. I will hold on to it for a few more years though.

You don't have to convert metals to currency to buy things, MANY MANY people will trade items directly for gold. At one point in history gold and silver were money and that is how things got paid for. The stock market in general has made zero profit in the last decade, while Gold has shot up 2300%.

And like I have already said... it is far better to invest in other commodities if you want a good return at a much quicker rate. Most of the time...gold languishes...and no one (including you) pays much attention to it. But all of that time is indeed counted and important.

You can parse it anyway you want to,....but if you are looking to score financially, you will keep ur gold at 10% or less, and the rest into REAL performance vehicles.

Gold is not a good buy right now.... not at all. The fact that gold commercials are everywhere is PROOF of that much.

Like I said previously...i jumped into oil and fertilizer and outperfomed YEARS of gold movement in 3 months.... 3 months...while your $$$ are sitting there moving at a snails pace.

No more than 10% ... ever.

There goes the Euro . . . .http://www.dailymail.co.uk/news/worldnews/article-1250433/Greece-debt-bailout-EU-leaders-split-euro-crisis.html

CrackerJax said:

And like I have already said... it is far better to invest in other commodities if you want a good return at a much quicker rate. Most of the time...gold languishes...and no one (including you) pays much attention to it. But all of that time is indeed counted and important.

You can parse it anyway you want to,....but if you are looking to score financially, you will keep ur gold at 10% or less, and the rest into REAL performance vehicles.

Gold is not a good buy right now.... not at all. The fact that gold commercials are everywhere is PROOF of that much.

Like I said previously...i jumped into oil and fertilizer and outperfomed YEARS of gold movement in 3 months.... 3 months...while your $$$ are sitting there moving at a snails pace.

No more than 10% ... ever.

Click to expand...

You assume way too much. Your commodities and oil cannot be stored at your home or in the ground where you can bury it, your commodities will rot over time and be worth nothing. You are only trading in paper derivatives which can only ever be converted into paper dollars. At least with gold and silver it will never rot and you can physically hold onto a fortune in your hands. Try holding a fortune worth of oil, or 10 year old grain in your hands.

No Drama....I don't know how you came to your conclusions....but you've been very misled.

Who cares if I can keep oil....? I've already sold that stock at upwards of 350% growth long ago....I only kept it for around 3 months or so.... I'm always on to the next thing going up.

if you want to tie up ur assets in something YOU CAN SEE and TOUCH.... that's ur choice. But tons and tons of profit are floating right by you.

If you were a broker and you tried to sell me on gold.... take a good look at that gold chart a few posts above.....

I would run you right out of my office...politely but firmly. I look at that chart and if it was a stock... I wouldn't even give it a second look.

It's not something to count on for profit. It's an emergency kit...nothing more. Ii have plenty of gold...but not more than 10%.

CrackerJax said:

No Drama....I don't know how you came to your conclusions....but you've been very misled.

Who cares if I can keep oil....? I've already sold that stock at upwards of 350% growth long ago....I only kept it for around 3 months or so.... I'm always on to the next thing going up.

if you want to tie up ur assets in something YOU CAN SEE and TOUCH.... that's ur choice. But tons and tons of profit are floating right by you.

If you were a broker and you tried to sell me on gold.... take a good look at that gold chart a few posts above.....

I would run you right out of my office...politely but firmly. I look at that chart and if it was a stock... I wouldn't even give it a second look.

It's not something to count on for profit. It's an emergency kit...nothing more. Ii have plenty of gold...but not more than 10%.

Click to expand...

Like I said you ASSUME TOO MUCH. You think your the only one who knows how to play a dollar carry trade? You think your the only person who knows how to short a stock and buy puts? Really? You think the only think I invested in is gold? Really? Take a look at HOG and tell me what you think the future looks like for them. Give me your honest opinion.

the chart looks good, didnt check about anything else.


i say you can double you money

The chart LOOKED good.

CrackerJax said:

The chart LOOKED good.

Click to expand...

you mean it looked good at its most recent low right?

Ahhh... yes...that's the way. Oil is always a far better investment.

Big P said:

you mean it looked good at its most recent low right?

Click to expand...

Aaargh....the dreaded double post.

You can see they broke down after 2005..... a general slide..... things like motorcycles are dependent on the population being in a good mood and having extra funds to purchase and maintain one...plus the insurance. I haven't researched them to know if management is up to snuff (always a factor...know the top dudes/dudettes), but I see trouble ahead for extra funds and good moods.

Whereas oil..... oil just keeps on truckin...so to speak.

craker jacks is correct right NOW there are better investments than gold...but whats going to happen is the value of the dollar is going to collapse..and when it does it you are holding on to piles of stocks or dollars you are going to be broke ..either wiping your butt with the dollars or burning them to keep warm.
and it will happen lightning fast..see post ww1 germany..russia. venuzuala zimbabwe and other countrys through out history.
jim rogers/.marc faber/celentes ect all predict the fall of the american dollar it is inevitable ..the US bond market is predicted to crash..not to bash crackers view on things.
from celentes predictions we have less than a year before this countrys currency fails. marc faber says one to three years rogers predicts the same thing..rogers is a multi billionaire investor.
so is faber..controls billions and can call a market turn around like no one else i have ever seen..the best day traders i have ever seen use computor automated trading.
these men i just mention are some of the best investors in the WORLD..
if you are holding on to money you are a fool right now..if you are holding equities right now you are a fool..at least in the USA.the time bomb of the US economy is ticking...and will go off..and when it does your dollars will be junk.
central banks cannot print more gold silver . oil sugar wheat and other commodities .they will without a doubt print more money.if you have money then it becomes worth less..and less and less untill it is worthless..
you ever seen a trillion dollar bill from zimbabwe?guess what it is worth?
marc faber says obama studied under the economic school of robert mugabe.

Sri Lanka: Investment Opportunities

"Jim Rogers and Marc Faber has been asked to sit on the advisory council of Leopard Capital, a private equity business which has launched one fund focusing on Sri Lanka, and is ready to launch another, which is what they're looking for the advise of Marc Faber and Jim Rogers on.

Jim Rogers is connected to a number of commodity ventures and indices, while Marc Faber is of course widely known for his Gloom, Boom and Doom Report newsletter, which focuses on unique investments around the globe.

This is interesting if for no other reason than very few people know a thing about Sri Lanka in the investment world, and it's not exactly near the top of places people and institutions are looking to to generate wealth."

in Commodity Surge



February 15, 2010

I Just Wait Until There Is Money Lying On The Corner

"I just wait until there is money lying on the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, "I just lost my money, now I have to do something to make it back." No you don`t. You should sit there until you find something.

in Market Wizards



Commodities Bull Run Will Last Till 2014 Or 2022.

“If history is any guide, this bull market is going to last until between 2014 and 2022 and everything is going much higher.”

in Financial Times



February 12, 2010

Best Investment Rule

"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people always have to be playing; they always have to be doing something. They make a big play and say, "Boy, I am smart, I just tripled my money." Then they rush out and have to do something else with that money. They just can`t just sit there and wait for something new to develop."

in Market Wizards



February 9, 2010

Commodity Prices Are Going To Shoot Up

“Commodity prices are going to shoot up. The challenge is that people are eating more foods these days. But the supply of food products is coming down. Food supply is going to remain down since we have serious production problems. At the same time people are eating more and we are burning some of our foods as fuels."

in Commodity Online

Related ETF`s: PowerShares DB Agriculture Fund (DBA)



February 8, 2010

Food Prices Will Go Much Higher

“We are going to see much higher food prices. If we do not see much higher prices of the food soon, we are going to have people starving. The price of the food articles has to go higher and much higher and I think they will. Most food prices are very depressed”