I think gold is a good investment, but I wouldn’t buy it off a TV ad. Also, now is not a good time to buy unless you are looking for minimal short-term gains or slow long-term gains. Look for a dip in the next 18 months.
Dude, if I had a thousand bucks, I would spend it on a liquor store, a cigarette factory and a dildo, not a one-inch piece of uselessly malleable metal.
I would buy gold, but I’d make sure that whoever I bought it from was in no way related to Glen Beck. I don’t want to contribute to his tissue fund in any way.
yes…. but not because of them, but because i DO remember the 70’s and the massive inflation we are going to get next year just like then, due to all the spending we are doing right now, making the dollar ending up worth crap!
starting next years kid, your money will start to go down big time! …Economics 101!
yes i own gold but didnt buy from glenn beck etf, mutual fund ,and stocks in minesthat produce gold thats where the money is unless you bought at 300 an ounce and selling now for real nice gains.
Yes. It wouldn’t be my whole portfolio, but having some money invested in gold is a good hedge against inflation. Corporations come and go, and stock can become worthless, but gold will always have value.
Whatever, I just sold 55 ounces of silver I had been holding for awhile on Craig’s list, in less than 24 hours I had 6 responses. Metals are in demand and worth a lot. The dollar is bad at storing wealth, assets of any kind are a better bet to avoid the inflation tax.
If it was a matter of buying gold because *it’s the only safe currency*…. I think because i live in a rural area I’d invest in a cow, some seeds… ( have to get the internet cut off) .. and try and become as self sufficient as possible .. THEN when people with Gold wanted food and milk .. I could sell it to them for their gold ;)
Sure. I own lots of gold in my ETFs and have done very well over the last year or so. The last couple of days have not been good, but what goes up must come down.
I don’t really look at gold as a way to make money. I view it as a hedge against inflation, which we are soon going to see big time.
It annoys me when gold merchants advertise their wares, saying that gold could shoot up to $5,000 an ounce, so BUY NOW! That’s pure BS. The demand for gold is greater than the supply, and that will likely be the case for the forreseeable fututure, but that’s not going to multpky the value of gold by five times.
This reminds me of the old sayifg: “If it sounds too goot to be true, it provavbly is.”
I wouldn’t mind owning a small investment in gold. If Cap and Trade, and health care pass it will be much more desirable. The economy is not going to be able to support them.
January 23rd, 2010 at 2:52 pm
He really scares the $h1t out of you doesn’t he?
January 25th, 2010 at 10:51 am
I think gold is a good investment, but I wouldn’t buy it off a TV ad. Also, now is not a good time to buy unless you are looking for minimal short-term gains or slow long-term gains. Look for a dip in the next 18 months.
January 26th, 2010 at 4:45 pm
Dude, if I had a thousand bucks, I would spend it on a liquor store, a cigarette factory and a dildo, not a one-inch piece of uselessly malleable metal.
January 28th, 2010 at 10:07 pm
Well it dropped $100 last week, so why not
Up 55% in last year
brown950… Commodities may drop whilst the dollar is being kept high by the banks, but when they let it crash, and it will, then gold will skyrocket
January 30th, 2010 at 11:45 pm
I would buy gold, but I’d make sure that whoever I bought it from was in no way related to Glen Beck. I don’t want to contribute to his tissue fund in any way.
February 3rd, 2010 at 1:22 am
yes…. but not because of them, but because i DO remember the 70’s and the massive inflation we are going to get next year just like then, due to all the spending we are doing right now, making the dollar ending up worth crap!
starting next years kid, your money will start to go down big time! …Economics 101!
February 4th, 2010 at 9:50 pm
yes i own gold but didnt buy from glenn beck etf, mutual fund ,and stocks in minesthat produce gold thats where the money is unless you bought at 300 an ounce and selling now for real nice gains.
February 6th, 2010 at 2:38 am
[Well it dropped $100 last week, so why not... Up 55% in last year]
Would make sense if you bought at last years prices (which you might be able to do soon)
February 7th, 2010 at 5:03 am
Yes. It wouldn’t be my whole portfolio, but having some money invested in gold is a good hedge against inflation. Corporations come and go, and stock can become worthless, but gold will always have value.
February 9th, 2010 at 11:57 pm
Whatever, I just sold 55 ounces of silver I had been holding for awhile on Craig’s list, in less than 24 hours I had 6 responses. Metals are in demand and worth a lot. The dollar is bad at storing wealth, assets of any kind are a better bet to avoid the inflation tax.
February 10th, 2010 at 10:58 pm
Stupid is as stupid does.
February 13th, 2010 at 3:15 am
Never. Gold is not an investment. It is a scam.
February 14th, 2010 at 12:58 am
hmmmmmmmmmmm only as a piece of jewellery….
If it was a matter of buying gold because *it’s the only safe currency*…. I think because i live in a rural area I’d invest in a cow, some seeds… ( have to get the internet cut off) .. and try and become as self sufficient as possible .. THEN when people with Gold wanted food and milk .. I could sell it to them for their gold ;)
February 14th, 2010 at 3:03 am
Sure. I own lots of gold in my ETFs and have done very well over the last year or so. The last couple of days have not been good, but what goes up must come down.
I don’t really look at gold as a way to make money. I view it as a hedge against inflation, which we are soon going to see big time.
It annoys me when gold merchants advertise their wares, saying that gold could shoot up to $5,000 an ounce, so BUY NOW! That’s pure BS. The demand for gold is greater than the supply, and that will likely be the case for the forreseeable fututure, but that’s not going to multpky the value of gold by five times.
This reminds me of the old sayifg: “If it sounds too goot to be true, it provavbly is.”
February 14th, 2010 at 12:23 pm
I wouldn’t mind owning a small investment in gold. If Cap and Trade, and health care pass it will be much more desirable. The economy is not going to be able to support them.
February 16th, 2010 at 8:00 pm
Gold is way too inflated. It is set for a big crash like the oil market did. I would stay away from it.