goldis4ever

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

While I can still buy a flat panel tv using dollars at my local dealer, I sincerely doubt they'll accept cow's ears in trade (not even if it's pickled!)

Groundbreaking WSJ Story on Gold

I first purchased gold in bulk when 353 dollars an ounce was the going rate. My only regret concerning buying gold was not buying more. For those who bought stocks and bonds: I don't know whether to mockingly laugh at you or pity you.


On Jul 10 02:19 AM Gold Barron wrote:

> I own physical gold and I think it is a pretty good hedge against
> inflation or in uncertain economic times.
>
> My only concern with owning physical gold is how I will sell it when
> the time comes that I need to or have to. I have never tried to sell
> physical gold, but something tells me that when the time comes for
> me to sell it that I will end up getting some small percentage less
> than the going spot price. 10% less maybe?
>
> I am fortunate enough to have bought my physical gold at around $450/oz
> a few years ago, but at the current spot price physical gold carries
> a pretty high premium to purchase and a high penalty to sell. I am
> going to roughly speculate that the spot price would have to go up
> 15% just to break even on a buy/sell transaction of whatever your
> purchase price of physical gold was just to break even.
>
> If the US dollar crashes, then thats a whole different matter, but
> what if the US dollar does not crash? There were alot of people in
> the 70's predicting the same thing about the dollar that they are
> saying now.
>
> I am just playing the devils advocate so you gold bugs please dont
> get your panties in a wad.
>
> And if anyone is that confident about the price of gold going higher,
> then I would be happy to sell my gold eagles right now for 15% over
> spot. :-)
>

Groundbreaking WSJ Story on Gold

Or, just buy the bakery with the gold!!


On Jul 09 04:30 PM yellowhoard wrote:

> I hear this idiotic argument all the time, "how are you going to
> buy a loaf of bread with a gold coin?"
>
> YOU DON'T.
>
> You take the coin to a dealer, get cash, then buy your stuff with
> the new worthless cash available at that particular point in time.

Revisiting Gold's Valuation

Try buying groceries with a piece of lead and let me know how that goes.


On Apr 08 07:55 PM RickenAxer wrote:

> I don't get gold as an investment. It's practically useless and has
> little intrinsic value. In contrast, iron, lead or aluminum offer
> the owner a substantial array of practical uses. So, why gold?

Why Gold at $1,200/Ounce Is Likely

Paraphrasing a line from Bernard Baruch: "if i ever get a recommendation from a shoeshine boy to buy gold, that's when I sell." Gold has much more to go, tho'.

Btw, gold and gold stocks had done very well during the Depression era. Look it up.


On Feb 28 02:16 PM MarvinMBA wrote:

> The biblical commentary has always been "Do not put your faith in
> Gold" but I am assuming that putting your money in gold is something
> else. This could be the top of the market as hard assets/commodities
> get marked down as we unwind into Depression Statistics. We are looking
> into another bubble as gold (investing???) is bought into by the
> public. When stuff like this gets published with rationale to jump
> in, its time to jump out of this bubble in my opinion....MarvinMBA

Gold: The Only Remaining Bubble?

gold would have to climb 600% to qualify as a "bubble". sorry to disappoint.

Gold: The Only Remaining Bubble?

gold would have to climb 600% to qualify as a "bubble". sorry to disappoint.

Want a Way Out of the Economic Stupidity? Buy Gold

gold would to rise at least 600% to make it a "bubble". We got some ways to go.


On Feb 18 03:23 PM Sakura wrote:

> gold is the biggest bubble of this financial crisis, and has been
> climbing beyond it's stable value for a few years now due to financial
> fears. but don't be fooled! The bubble is extreme right now because
> gold is not only seen as a safe haven from investments, but it is
> also a difficult to track haven from debtors. It is 5 times it's
> stable value, and the vast majority of it is used for jewelry. Still
> sound like a stable investment? This will burst as soon as things
> calm down... People should be selling their gold now!

Want a Way Out of the Economic Stupidity? Buy Gold

Gold is time-tested hard and pure. Paper shrivels and crumbles.

Bullish Long Term Outlook for Gold

The dollar's up, but gold's up too!

However, gold-haters has dropped to new lows.

What Gold Price Is Telling Us About World Markets

where are the gold-haters nowadays?

12 Reasons to Short Gold

>>>"..16 of 24 analysts surveyed by the London Bullion Market Association believe gold will reach a minimum of $1,032 per ounce this year...<<

Right now we're less than 90 dollars away from that target.

I believe you must know the number of analysts who predicted gold will plummet below 500 dollars by this time, eh?

12 Reasons to Short Gold

>>>"..., 16 of 24 analysts surveyed by the London Bullion Market Association believe gold will reach a minimum of $1,032 per ounce this year. As we all know, analysts’ track records are deplorable. Instead of just ignoring them, why not bet against them? The odds are definitely in our favor.....<<<

Analysts that I had followed over the last few years like Peter Schiff and others had always maintained gold will rise and they have been correct.

Of course, there's the majority of 'chicken little' analysts over the last few years who bleated that gold will sink into the sewers and the dow and housing will skyrocket 4ever. I usually bet against them and win nearly all the time. The track record speaks for itself.

The Hopefully Not So Great Next Depression

It was widely published that Bin Ladin has been dead a long time. More likely from natural causes. Do keep up.


On Jan 31 07:16 PM PrudentMan, CFA wrote:

> bin Laden liked the reducing military spending bit. Bill Clinton
> was kind enough to give George W. Bush an army, which ran Hussein
> out of Iraq and virtually destroyed the Soviet Union, in half. We
> are just starting to get over that blunder.
>
> Some believe we don't need a military. I have always wondered if
> they thought we don't need a police force or fire department. I imagine
> they talk about these things in their gated communities drinking
> white wine and eating brie.

Gold Breakdown

>>>The dollar is the current <store of value> which frustrates
> the goldbugs.... <<<<

It's taking much more of that "store of value" to buy breakfast in the mornings. I'll need a bigger store soon.