You, yes you should invest in Gold

[HatchetJack]

At least that's what the tv tells me to do. So I take my good old American
dollars worth about 25 cents now I guess and buy gold at 1500 an ounce?

[finnbow]

I guess if you figure you know more about finance than one of the most (in)famous billionaires in the country, buy away. He just sold nearly his entire investment in gold.

http://www.bloomberg.com/news/2011-0...ing-shows.html

[BlueStreak]

I have a little theory. When the commercials appear, and start relentlessly admonishing you to buy, buy, buy that gold now.......It's because people who already have it are looking to sell, sell, sell.......because it has already peaked.

Just a theory.

However, if you're looking at it for a hedge against the devaluation of the dollar, and not necessarily to make a lot of money, but rather to protect the value of your savings.........Maybe.

Dave

[flacaltenn]

Yeah -- he sold.. And went right into gold mining and refining.. That usually means the dude believes in the long term prospects (pun intended).

Not braggin' (much) -- but I got in at $750.

DON'T BUY ANYTHING GOLD from a TV ad. (You knew that right?)

If you believe there's a chance that our brilliant National leadership will somehow fail to prevent the tanking of the dollar and the rest of our smoking rubble of an economy -- what's there more to lose? You'll lose 1/2 the investment at worse - but have a heck of a story...

[merrylander]

Nah, buy $CDN.

[CarlV]

Deja-vu.






Looks like the recent increase may coincide with Beck shilling the stuff on his tv program?


Carl

[flacaltenn]

Hey Carl:

Your graph stops at 2007 or so.. If you look at the whole picture, the volatility in gold over the last 4 years or so is LESS than the volatility you saw for that last boom. IN FACT, gold market has had a lower volatility than most of stock exchanges..

The run-up is based on largely on lack of confidence in the economy and how honest our leadership has been about the scale of our problems. Last time gold ran up, you didn't have countries in Europe defaulting on their debt or a US budget that's doubled in jsut a few years. And a job picture that forces us to realize just how badly this country is sinking.. It's justified..

[noonereal]

Originally Posted by flacaltenn

Not braggin' (much) -- but I got in at $750.

.

i bought gold at $550

25 years later I finally sold it for $550

I am not bragging either

[flacaltenn]

Hey NoOneReal:

In aviation, any landing you walk away from is a good one?? Just trying to make you feel better..

Here's how you build your legacy.. You float the concept to your children that you bought it at $400.. (just exaggerate a bit) Tell them to protect when it's theirs and 50 yrs after you're dead, all your progeny will think you were a genius...

[HatchetJack]

Originally Posted by merrylander

Nah, buy $CDN.

Now that might turn out to be a good idea.
What's it worth these days?