What if gold goes up and up and up and up?
topstuf
Posts: 14,803 ✭✭✭✭✭
I mean what do you buy with your new riches?
There are no good passive income thingies.
Boy, am I bored.
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Comments
I'm adding a bit here and there.
I'm not worried it will go up and up. It won't.
I wish for $4000 - $5000 gold but I'm wondering if it will even see $1900 again.
Like a real man, you hold and never fold.
you will need it. consumer prices will likely also be going up and up and up and up.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The neighbors farm.
The whole worlds off its rocker, buy Gold™.
My dad used to think like that. Now he is broke living on only S.S. and unable to make ends meet because instead of investing his money 20 years ago, he has had it all tied up in gold. Sure, he still has a lot of gold, but no income.
My FIL on the other hand bought an REIT back in the eighties with 40K. He earns about 8-9K a month in dividends and his stock is worth 2.8 million.
Waiting for gold to rise is more useful for someone who can live a few thousand years..like a vampire.
glad I stacked when prices were lower, now deals are much harder to find
I wish Silver would go up as well.
College tuition for my kid....chip in with your gold if you want to help and have something to spend it on
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I'm always selectively purchasing !!!
5 sq. miles in MT or ID.
Knowledge is the enemy of fear
Since the bulk of my stacking gold was acquired when melt was between 3-4 hundred, I am quite happy with it...Occasionally, an opportunity arises for an acquisition below current melt that is worth adding. Collectible gold bargains are still sought. Cheers, RickO
My dad used to think like that. Now he is broke living on only S.S. and unable to make ends meet because instead of investing his money 20 years ago, he has had it all tied up in gold. Sure, he still has a lot of gold, but no income.
If he has "a lot of gold", he isn't broke. No current income isn't the same as broke. I owned a REIT fund in the '80s, and the returns were nominal at best. Your FIL may have hit a good company, and more power to him.
Like a real man, you hold and never fold.
Right ON!
What if gold goes up and up and up and up?
I visualize the trajectory of a bottle rocket at some point. Obviously, the question begs to have some degree of forward planning in place.
Iowa farmland comes to mind.
I knew it would happen.
Too small.
More gold
Not if it includes a gold mine.
Knowledge is the enemy of fear
I think I would get more enjoyment from Montana sapphires than gold.
Honestly I'd rather shoot whitetails and catch cutthroat.
Knowledge is the enemy of fear
I love that gold has nearly reached the spot price of Palladium!
Driving through Montana:
"Hey look - there's a house!"
2 hours later,
"Hey look - there's another house!"
I knew it would happen.
Looks as if gold has plateaued for a while.... unless something weird happens, it will likely dip a bit next week... Cheers, RickO
Heaven.
Knowledge is the enemy of fear
I used to live in Montana. It truly is a magical place and the people are great.
I actually own alot of gold but I believe if gold goes up, up ,up it will be met with sell , sell, sell, by guys like me who are buried at higher prices.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
So, if I'm understanding correctly, you'll buy the farm?
U.S. Type Set
I actually own alot of gold but I believe if gold goes up, up ,up it will be met with sell , sell, sell, by guys like me who are buried at higher prices.
Selling by individual retail holders of gold are a small factor, or do I have it all wrong?
I knew it would happen.
What's the name of your Swamy?
@OPA..... Well, I do consult a secret oracle, but giving you the source would provide a track record like mine... Mostly wrong....
Cheers, RickO
even though it went down some today, gold has a clear path to 1.350. resistance in place after that
At 1800 I eject - and wait for the inevitable drop back down where I can recover my stash and have cash for more
Rental property.
Looks like 1275 comes before 1350.
I hope not.
It's has been range bound lately
there it is-1,351
Recently I read the Chinese have stepped up their buying!
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Consider Gold up, up but not quite up, up, up.
$1400 is here,,,,,, what is next?
$1,414.80
My YouTube Channel
Platinum's the buy if you can find it priced Right. It has held it's premium very well.
When I was in the bizz, I finally asked my wholesaler who in heck he sold platinum TO
Since I had ....maybe.... 3-4 sales in the past 5 years I was curious.
He said, "Industrial users ONLY!" And that he also shipped very very little plat to retail coin dealers.
Platinum isn't money.....anywhere.
I hold more platinum than I probably should.
Having said that, there have been a couple of fairly infrequent times when I've sold APEs on ebay quite easily for my asking price. This isn't one of those times. Yet.
In the meantime, platinum is so cheap relative to gold that it's almost irresponsible not to have some in the mix. It's not as if the supply has increased dramatically or the utility of the metal has somehow diminished.
I knew it would happen.
too many people turned bullish too quickly
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Gold Will Rise Even If The Fed Doesn't Cut Interest Rates
"The current market environment hangs by a thin thread of false perception. This perception is reliant on the notion that the Fed stands ready to save markets, but what if the Fed has no intention of doing this? When the public realizes the Fed’s accommodation will not be as immediate as they imagined, everything will change."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The Fed will do whatever helps the Fed's agenda, and it's not necessarily to help anyone else.
I knew it would happen.
Is that more accurate?
Knowledge is the enemy of fear
no
no rate decrease this meeting
Reality bites, doesn't it?
@jmski52 said:
The Fed will do whatever helps Trumps agenda, and it's not necessarily to help anyone else.
Is that more accurate?
There he goes again, putting words into someone else's mouth. Cohodk, ya'll ought to stop doing that. Don't include my handle if you are going to parody something I said.
I knew it would happen.
Lol. If you write something nonsensical, then why cant I?
Be careful when YOU quote someone followed by a "fixed it for you", which you have done on numerous occasions.
Trump has fervently blamed the Fed for the market and economy not heing a "rocketship". Nice tactic. So a change in rates is in whose best interest?
Or, ill play....if you dont want words put into your mouth, then keep it closed. Lol
Knowledge is the enemy of fear
that's wrong.
the word rocketship is a poor choice and a poor desire.
rocketship economies overheat, lead to high inflation and are followed by recessions.
right now, I'd be happy with 4% GDP and 2% inflation and employment this low.
I think goosing some it will not lead to immediate inflation. there is anemic overhang in both the manu and srvcs economies. Growth will cure that ill, although I don't guarantee that goosing it will cure it, but easing is the only tool the Fed has.
2% inflation should be unacceptable. Think of it as an annual 2% reduction in the value of what you trade your labor for. Without a pay raise this means you are giving 2% more of yourself for a paycheck that is buying 2% less.
to achieve what?
Lot's of tools at the Fed's disposal. Unfortunately the correct one (higher rates) is not the popular one. They are actually the only one in a position to take punch bowl away.
One must first ask, "what is not so good about the economy?" (debt, easy money)
Then one must ask, "how to correct it?" (higher rates)
Easy money has become the new welfare. People expect it and feel they are entitled to it. Like welfare it comes at a price that someone else usually has to pay.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey