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.

Take a look at the charts on this page.

When you look at the 1, 2, 5, and 10 year charts for gold prices, you can see how the price is technically headed north. I am expecting gold to be between $1200-1500/oz by summer, and if the recession continues, the govt continues to print money and the dollar tanks (as many are expecting all of these by the end of the year) you can expect historic highs for both gold and silver. It could easily move to $2000/oz by early next year, with silver up to $50/oz.

Plenty of time to buy right now. Look at the junior gold miners, especially ones that are producing gold from their mines, rather than pure exploration co.s. The juniors were hammered in the last year and there is plenty of time to pick a couple that will benefit from the rising gold prices.

I’m in Minera Andes (MNEAF). They own 49% of a great gold and silver mine (annual production of 95,000 oz of gold and 7.5 million oz of silver pr year). Their income is just starting, so they haven’t taken off yet.

good luck and do your own Due Diligence.

aj

While I think your statements are a little too broad to be taken seriously…

Think about what you are saying for a minute: to invest in gold rather than the ownership of the life blood of all the major economies of the world because “the dollar is losing value” implies that you think in ten to thirty years gold will be worth more than all the industrial, commercial, residential, and trade wealth in the world.

You are a neurosurgeon? If such an upside down, crushingly destructive economy were to come to pass don’t you think it would be a better idea to get a realistic job? Who needs a neurosurgeon when the world is falling apart?

Seriously, your scenario is completely unrealistic. Whether or not the US is the still the center of the economic universe in 50 or 100 years, (1) it will certainly be the focus of major economic activity for the remainder of your life and (2) economic development worldwide will drive the creation of wealth in the commercial, industrial, and residential centers of the world. Gold is a fools bet for the long term creation of wealth.

Why buy online?? Go to a local coin dealer. They can sell you bullion silver & gold coins.

Stupid is as stupid does.

Wait for a window….if it drops to 800, 700….it should….The IMF is going to sell all its gold hopefully and gives us another opportunity to buy more.

I aint getting in now….Gold over the next 5 years should double…try also other metals like silver.