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With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz....

With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz. to $1,595. GLD -0.8%, SLV -0.3% premarket.
Comments (6)
  • Jhalgren
    , contributor
    Comments (109) | Send Message
     
    As someone with a journalistic background, I'm certain one needs to retain gold in a portfolio. Remember, beyond Cyprus, anything can and will happen: Maybe a war, finally, in the Middle East again with, perhaps, Iran or Syria. Then, remember, our Congress is still dysfunctional and may NOT be able to appropriately address the Debt Ceiling by May 19 that may lead to another downgrade to the US credit rating--as we sink further into delusionary, irresponsible behavior.
    25 Mar 2013, 09:20 AM Reply Like
  • SAR2401
    , contributor
    Comments (155) | Send Message
     
    I have been an investor for 45 years and have always owned gold and silver...until this year. Unless you want to day trade, gold and silver have become uninvestible. Both are range bound and I expect them to remain so for the foreseeable future. Two things drive these metals - inflation and fear. Even though we have inflation that's clearly higher than the CPI, the average citizen doesn't look at it as a problem. In terms of fear, if the situation in Cyprus was not enough to move gold and silver off dead center, it will take something a lot worse to do so. Right now, equities are market darlings. I learned a long time ago not to fight the trend. When something happens to finally move metals, I'll get back in. Until then, I'll take my average 8% return in the market as long as Benny is able to keep things under control.
    25 Mar 2013, 09:38 AM Reply Like
  • jhbcfacic
    , contributor
    Comments (3) | Send Message
     
    The USA can't finance the World w/o using the dollar in all countries which will not happen. Therefore, we have to go back to some modified Gold Standard.
    25 Mar 2013, 11:25 AM Reply Like
  • dedo30
    , contributor
    Comments (3) | Send Message
     
    I'm new at investing. I appreciate hearing you're comments. It helps me to learn.
    25 Mar 2013, 01:37 PM Reply Like
  • Robedevl
    , contributor
    Comments (2) | Send Message
     
    Perhaps I am wrong, but am willing to ride the horse until it gasps it's dying breath.
    I have mixed feelings about whether gold pricing isn't being manipulated, and am caught in between this questionable 'optimism', and my hard to shake attitude about the true worth of the metal. In a pinch it is certainly inedible.
    Before jumping ship on my physical gold, I'll patiently see what September holds for it.
    25 Mar 2013, 01:49 PM Reply Like
  • terrygoldinfo
    , contributor
    Comments (23) | Send Message
     
    The only way that central banks can reduce debts is by inflation.
    This policy also helps individuals whose debts are out of control.
    Regardless of any financial skulduggery inflation will increase and
    the price of gold will reflect this.
    26 Mar 2013, 05:06 AM Reply Like
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