satur9nine's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/175049/comments http://seekingalpha.com/article/115284/comments?source=feed#comment-359490 359490 Mon, 19 Jan 2009 02:08:33 -0500 http://seekingalpha.com/article/71607/comments?source=feed#comment-147103 147103
Right now gold is hot and the price is up because everyone is buying it, but what are you (and everyone else) going to do with it when you want to retire or buy a house? You have to sell it and who is going to buy it from you? Venture capitalists and businesses who buy and sell stock won't buy your gold from you, they want to buy companies because companies generate profit, gold on the other hand just sits there. The best you can hope for is to avoid inflation when buying Gold, and right now you can expect the price to drop from it's speculative high right now, there is no reason in the world for the price of Gold to outpace inflation by so much. So go ahead and buy it now, but expect to cut your losses when stocks start looking good again and people start selling all that useless Gold they bought.]]> Tue, 08 Apr 2008 14:18:44 -0400
Right now gold is hot and the price is up because everyone is buying it, but what are you (and everyone else) going to do with it when you want to retire or buy a house? You have to sell it and who is going to buy it from you? Venture capitalists and businesses who buy and sell stock won't buy your gold from you, they want to buy companies because companies generate profit, gold on the other hand just sits there. The best you can hope for is to avoid inflation when buying Gold, and right now you can expect the price to drop from it's speculative high right now, there is no reason in the world for the price of Gold to outpace inflation by so much. So go ahead and buy it now, but expect to cut your losses when stocks start looking good again and people start selling all that useless Gold they bought.]]>