What would make you "LOAD THE BOAT" with gold?...poll

topstuf · January 7, 2005 9:15AM

Lotsa talk with gold just sorta meandering on a upward path without much fanfare.

What would it take for you to get "gold fever?"

lordmarcovan · January 7, 2005 9:25AM

Umm... if I could afford to "LOAD THE BOAT" with gold? That would have to be the first criterion.

topstuf · January 7, 2005 9:26AM

Aw, c'mon milord. I'm talkin .....SELL THE COIN COLLECTION.....motivation.

lordmarcovan · January 7, 2005 9:30AM

Hmm. Good question. Dunno.

(Actually, I already sold the coin collection- the only thing I have left are holeys and dealer stock!)

topstuf · January 7, 2005 9:33AM

Poor Marco. Nuttin left but .......dealer stock. I think Laura was whining about dat too.
Q. Dave back a few years too.

awwwwwwwwwww.

lordmarcovan · January 7, 2005 9:36AM

Somethin' tells me that LordM dealer stock and Laura dealer stock are a wee bit different... sorta like convenience store chili dog versus five-star-restaurant chateaubriand...

CarlWohlforth · January 7, 2005 9:39AM

I might load the boat with gold if I was one of the first investors to learn about a brand new industrial use for gold.

fishcooker · January 7, 2005 11:39AM

What would it take for you to get "gold fever?"

I'd like to think I'm immune

.

Investing on emotion is a good way to make a small fortune..........from a large one. Same thing as thinking one investment is good and another bad.

I'd be interested in buying gold if it were rallying off its 200 dma and at the bottom of its trading range. Likewise if the US dollar was declining off the high in its trading range. I would never load the boat because there are too many other investments that are meandering higher also. I prefer to take Risks that the market rewards with potential returns.

meos1 · January 7, 2005 12:02PM

A tribe of canibals was not a choice.

airplanenut · January 7, 2005 12:11PM

Someone giving me free gold

Bikingnut · January 7, 2005 12:21PM

When I was on deployment to the Persian Gulf in 1999, gold hit a low of around $252.00 an oz. I did pick up a nice gold bangle and bracelett at the gold suk in Dubai, but really not much. I wish I had bought much more.

Dennis

(If any of you ever get to Dubai in the United Arab Emerites, be sure and visit the gold suk. It is mind boggling. I've never seen so much gold in one place in all my life.)

topstuf · January 9, 2005 1:06AM

Last call for votes.

Proofquarter · January 9, 2005 1:21AM

When my ship comes in.

nwcs · January 9, 2005 1:47AM

I voted other because of several things:

1. If I could predict the market, I would be buying million dollar coins
2. If I had the resources to buy lots and lots of gold, I'd have million dollar coins
3. I don't go into bullion for the most part, I prefer the numismatic gold

And that reminds me, when gold goes back down a bit I'm hoping to get a few gold coins again.

Baley · January 9, 2005 1:52AM

I voted with the plurality here... If gold fell below $350, I'd add to my position.
(I've got maybe a dozen or 15 ounces, last bought at gold=$335)

Nothing at all could make me sell other "stuff" just to buy lots of bullion, though.

topstuf · January 9, 2005 1:59AM

The poll .....seems..... to indicate potential BUYERS who are hoping for a retracement of prices in order to do what they did NOT do back when it WAS at that price.

That seems to say that there are more positives than negatives ..... and a capacity to "learn" will bring support in as dips occur in a rising market.

After all, gold has made its purchasers immune to the 40% loss we have ALL had in whatever we have in .... "dollars."

That's hard to imagine, but it's true. If you had just started stacking Euros (or gold) when they were 80 and got ...NO... interest, you would have been better off than with dollars in 5% US bonds now that the Euro is 130.

cladking · January 9, 2005 2:43AM

If I were twenty years younger and everything were to go to hell, I'd buy gold, but
never more than 30 or 40% of assets. Now the only way would be actual inflation
crossing 5% and increasing. Still though, I'd buy very little gold and would limit sil-
ver purchases to about 10%.

tsacch · January 9, 2005 3:02AM

If I knew it were going to sink and my mother in law was in the boat......and a couple cinder blocks too

pharmer · January 9, 2005 3:14AM

a lobotomy

IwantNonCCs · January 9, 2005 3:17AM

If:
1. The government was spending half a trillion more then they were taking in
2. All this extra spending ended up in China as we spend half a trillion more then we sell to foreigners
3. The government keeps printing press on to keep up with the ever increasing shortfall.
(ie, print government IOUs ( called Federal Reserve notes or Treasury Bonds)

4. And China started using the extra to IOUs to buy part of IBM, Unocal, and the largest Goldmines they could find. (Long Term Value)
5. And what do I get from it, Cheap DVDs and Happy Meal toys Free. (Short term pleasures)

Time to give up holding the IOUs and buy GOLD or SILVER.
(But I'm not selling my Non-CC GSA s yet)

nickel · January 9, 2005 6:42AM

at about $ 325 per ounce

Coinhusker1 · January 9, 2005 6:56AM

<< <i>a lobotomy
>>

razorface1027 · January 9, 2005 6:56AM

It'd have to DIP in order for me to load my SHIP.

roadrunner · January 9, 2005 7:21AM

REAL inflation is 5% or higher. It's only the massaged and reported CPI that is not yet there. Many other nations have inflation rates well into the 5-15% range.

IwantnonCC's: I like your list...all of which is already upon us.

roadrunner