Gold is way too inflated. It is set for a big crash like the oil market did. I would stay away from it.

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.

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.”

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 ;)

Never. Gold is not an investment. It is a scam.

Stupid is as stupid does.

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.

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.

[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)

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.