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Anyone have gold in their investment portfolio?
salzo
Member Posts: 6,396 ✭✭
Does anyone buy gold for investment purposes. The local radio has been running an advertisement about buying gold, that it is the best thing to buy as an investment,better than buying stocks, etc.
Most of my investing is centered around cashing in 30 years from now.Is gold a good idea for long term investments? If I was to buy a few ounces of boullion now, and sell it in 30 years, would the return be better, and more guaranteed, than a return on mutual funds/stocks, etc?
"Waiting tables is what you know, making cheese is what I know-lets stick with what we know!"
-Jimmy the cheese man
Most of my investing is centered around cashing in 30 years from now.Is gold a good idea for long term investments? If I was to buy a few ounces of boullion now, and sell it in 30 years, would the return be better, and more guaranteed, than a return on mutual funds/stocks, etc?
"Waiting tables is what you know, making cheese is what I know-lets stick with what we know!"
-Jimmy the cheese man
Comments
T. Jefferson: "[When doing Constitutional interpretation], let us [go] back to the time when [it] was adopted. [Rather than] invent a meaning [let us] conform to the probable one in which it was passed."
"Right is Right, even is everyone is against it, and wrong is wrong, even if everyone is for it"
The silver I have had since around 1990, the gold since around 95-97. Have not bought any in a long time, dont even know the spot prices.
As far as investment I have no earthly idea.
I do know that gold is more stable than stocks, at least if the gold market dives, it takes a couple of days to really put the hurt to you before cashing out.
The dealer I was buying from charged $5-$10 above spot prices when selling, and charges $5-$10 below spot when buying. Reguardless of quanity when trading.
Walte
"Waiting tables is what you know, making cheese is what I know-lets stick with what we know!"
-Jimmy the cheese man
He Dog
"Right is Right, even is everyone is against it, and wrong is wrong, even if everyone is for it"
So if the stocks you own go south, at least you have some gold lying around.
"Waiting tables is what you know, making cheese is what I know-lets stick with what we know!"
-Jimmy the cheese man
Talk to the average "Joe" who has invested in gold over the past 5 or 10 years and you get a far different story from all the hype ads on the radio and TV. Gold remains a good investment depending on who is doing the investing for you.
My gold investments are physically on hand.............we can trade gold or ammunition or both.[:)]
Pack slow, fall stable, pull high, hit dead center.
Don't fly the river!
1. It's value.
2. Can be used as extra weight in your gun safe instad of bricks so theives cant carry it off! [:D]
the old DCM around 1980 was $137.34 (service grade). Look at the price
now. Same as my old Colt Python and 1911a1 went well up in value and
also had the fun of using them also.
My favorite site for the market.
Month NY Time Last Open Int. Prev. Vol. Vol. DTE
April 02/12-11:23 412.80 147892 3612.0 6056 49
June 02/12-11:20 414.00 30671 18.0 97 110
National Rifle Association Endowment Member-Texas State Rifle Association Life member
He Dog
[ When the market goes south, I buy in.
I view that as buying when things in the market are "On sale". When the market was going south, I kept buying and buying. I would look at my portfolio every month, and it kept going down, so I would buy some more. Believe me, I was nervous, but kept thinking "In the long run, this will work out". Today, all that stuff I bought "On sale" is 25% higher then what I put in. Its funny, because Ialways have a minimum that I invest every month, but I am thinking I should stop pbuying at high prices, and wait for everything to go "on sale" again.
"Waiting tables is what you know, making cheese is what I know-lets stick with what we know!"
-Jimmy the cheese man
When the dollar drops, gold goes up. The Buck is kinda low right now...
When things return to "normal" gold will drop.
The radio guys? They charge $20 over spot, or more. I'll tune you into the guys on Jeweler'sRow, and you can buy what you want, when you want. I usually wouldn't bother them for less than a 1/4 oz, buy you can buy less. I remember the first time I asked for 1/2 an oz. I was surprised by how little it was. I cast it into one ring.
An investment advisor might say to pick a couple of mutual gunds, say a small-cap, businesses worth below 10 mil., I think the definition might be, and a broader fund, maybe an "S&P500" fund, and invest equal amounts each month. You "bridge the valleys and the peaks" in this statagy whose name escapes me at the moment. It's been a while since I've pored over the Vanguard info for hours on end...
Generally, the market will return 8-10% per year, about the same as real-estate. You can even buy into a REIT fund - all real estate. My father always advocated investing in coporate debt, which usually paid 7-8% consistantly, but is a bit lower now.
you can pick ones which the very rich park some cash. It does not rise much, but will never go down.
Looked at PA tax-free municipal bonds lately?
Read the article "Looking For The Next Bubble" by Jim Puplava dated 2/10/04.
Gold is good! I was a buyer in 1978 when it was $225 per ounce. When it hit 650 to 800 an ounce, I sold. During the same period, Silver was $2.10 per....then it hit $50 per. That was time to sell also. Have been mostly out of the market for the last 25 years, but me thinks it looks good again.
Good judgement comes from experience.
Experience comes from bad judgement. Gen. Omar Bradley
SEMPER FI MAC, SEMPER FI
Big Daddy my heros have always been cowboys,they still are it seems
A dead intruder cannot testify against you in a court of law!
If they're still moving, put another round in them!
Guns are a better investment in my book. If you have guns and the economy goes to H@%% and the world of Mad Max manifests itself, I can get all the gold I need with guns. [:o)]
"A strong body makes the mind strong. As to the species of exercises, I
advise the gun. While this gives moderate exercise to the body, it gives
boldness, enterprise, and independence to the mind. Games played with the
ball and others of that nature, are too violent for the body and stamp no
character on the mind. Let your gun therefore be the constant companion of
your walks." Thomas Jefferson
"If I claim to be a wise man, it surely means that I don't know"- Kansas
Most of my investing is centered around cashing in 30 years from now.Is gold a good idea for long term investments? If I was to buy a few ounces of boullion now, and sell it in 30 years, would the return be better, and more guaranteed, than a return on mutual funds/stocks, etc?
I guarantee you that before 30 years are up you will see economic upheaval on a grand scale with fiat paper currencies (including the US dollar) swing wildly in valuation against each other and diminish substantially in purchasing power.
Gold will exceed $1500 per troy ounce--and remain above that level as people lose confidence in the current banking and monetary system. The Great Depression of the 1930's will be nothing in comparison to the economic calamity which awaits us now. (No, I'm not just some "negative" person with a "doom and gloom" perspective; my comments are based upon years of study and an understanding of economic principles few others grasp.)
The best way to "play" the coming economic turmoil is to first be invested in gold mining companies' stock. You are "leveraged" owning the stock and will see greater returns than just owning physical precious metals. (You should still have some physical metal incase things collapse suddenly and you need it to barter for food and other necessities.) Profits made in gold stocks can be used to purchase physical gold, but there will probably be other stock market opportunities which will occur. Many people became extremely wealthy by purchasing stock during the Great Depression--you had to have the funds though, which will also be true during the next Great Depression.
Some useful links:
click for gold mining companies
http://www.mineweb.com/
http://www.gold-eagle.com/quotes.html
Gold will exceed $1500 per troy ounce--and remain above that level as people lose confidence in the current banking and monetary system.
This doesn't make sense. If people do in fact lose confidence in the current banking and monetary system, why would anyone sell an ounce of gold for $1500 in increasingly worthless paper, and what would they get with this paper that the gold could not have gotten them in the first place?
quote:Originally posted by competentone
Gold will exceed $1500 per troy ounce--and remain above that level as people lose confidence in the current banking and monetary system.
This doesn't make sense. If people do in fact lose confidence in the current banking and monetary system, why would anyone sell an ounce of gold for $1500 in increasingly worthless paper, and what would they get with this paper that the gold could not have gotten them in the first place?
It makes perfect sense--if you understand that people will not give up the concept of the "dollar." People will still think about money in "dollars." We will be seeing hyper-inflation, but it is unlikely to spiral into a situation where paper money actually becomes completely worthless--the government will slow the printing presses before that happens, or create currency "exhanges" (ie. revaluations of the dollar).
Most people just "won't get it" and won't transition out of a government currency--they'll still want dollars, but will realize that the dollars don't hold their value for long. Gold will be desireable because it will hold its value (measured in "purchasing power").
Hold the gold. Flip the old (currency).
LIFES MOSTLY SCARS AND SOUVENIR'S - Max Stalling
To Ride, shoot straight,and speak the truth
This was the Ancient law of Youth
Old times are past, old times are done:
But the Law runs true, O little son!
competentone: Perfect sense? You've just contradicted yourself again. How do you reconcile the first and last sentences of your reply? The question remains: Why would anyone sell an ounce of gold for fast-devaluing paper (with lessening purchasing power) if, as you say, "gold will hold its value"?
Money is used as both a store of value and a trading tool. A currency undergoing hyper-inflation loses its effectiveness as a store of value, but it can still be used as a trading tool.
No contradiction.
During hyper-inflation (and there are many examples from around the world and through history) people have demonstrated that they are still willing to continue to use fiat currencies as a trading tool. They are generally not willing hold the currency longer term, but would rather convert into tangibles--precious metals are the prefered tangible if legal for the population.
Then buy some more guns.
Get a bigger safe.
Negotiate with the manufacturer to buy a dozen or so of "Special Edition" guns after the model year is over (if you like the pieces and the price).
Then buy some more guns.
quote:I'm ashamed of you guys!! Nobody has mentioned investing in guns!!![:D]
O.K., Tim . I done did it. But someone (a few) beat me to it
But sure. I agree. Buying guns, especially picking out values, can give a good return.