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Old 04-16-2013, 05:49 PM   #106
KevinNYC
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Default Re: Gold is the best investment

Gold bounced today. Up 2%
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Old 04-10-2015, 09:05 AM   #107
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Default Re: Gold is the best investment

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Old 04-10-2015, 10:09 AM   #108
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Default Re: Gold is the best investment

gold investors are better off buying dredging equipment and mining it. anyone investing in gold these days is a late fad following fool.
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Old 04-10-2015, 12:22 PM   #109
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Default Re: Gold is the best investment

Quote:
Originally Posted by Godzuki
gold investors are better off buying dredging equipment and mining it. anyone investing in gold these days is a late fad following fool.
Actually the last few months have been a pretty good time to buy gold.

Using 20/20 hindsight, we see that it was not a good time to buy gold when this thread was started three years ago, gold was $1,707.00

It's not down about $500 or about 30%. But it's had a couple of rallies in the past few months. If you had 20/20 hindsight, you could have bought bought in Nov at 1140 and sold in January at 1300. Then bought last month 1150 see it go as high as 1200.

Even if you don't have 20/20 vision and you are holding for the long term, the price is looking a lot better. So the fad might have turned. You have a much better chance of buying low and selling high than you did 3 years ago.

The main point is don't let the value of a commodity be influenced by your politics. That is a good way to lose money.
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Old 04-10-2015, 12:51 PM   #110
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Default Re: Gold is the best investment

^Unless you have loads of cash why even bother making 10% like that... there's better investments out there.
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Old 04-10-2015, 04:30 PM   #111
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Default Re: Gold is the best investment

Quote:
Originally Posted by KevinNYC
Actually the last few months have been a pretty good time to buy gold.

Using 20/20 hindsight, we see that it was not a good time to buy gold when this thread was started three years ago, gold was $1,707.00

It's not down about $500 or about 30%. But it's had a couple of rallies in the past few months. If you had 20/20 hindsight, you could have bought bought in Nov at 1140 and sold in January at 1300. Then bought last month 1150 see it go as high as 1200.

Even if you don't have 20/20 vision and you are holding for the long term, the price is looking a lot better. So the fad might have turned. You have a much better chance of buying low and selling high than you did 3 years ago.

The main point is don't let the value of a commodity be influenced by your politics. That is a good way to lose money.


gold share price is too high to make much off of it unless you're a million dollar investor who can buy tons of shares.

even then it pays no dividends like many strong stocks do who have high share prices like that on top of gains.

gold is also very bloated IMO, and has not corrected itself enough from the right wing fear mongering when the idiots were saying the US dollar was going to be worthless.

the only pro is it is not a company that can go BK, it will always hold decent value, but for a investor who really wants to make money its poor play. one of the poorest things to invest your money in right now imo.
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