Options
gold breaks $ 450
nickel
Posts: 662
buy more , sell most or who cares ?
Home of quality widgets
0
Comments
What is now proved was once only imagined. - William Blake
Experience the World through Numismatics...it's more than you can imagine.
If an investor has not already - long ago - purchased their appropriate gold allotment, then I would suggest they focus on an Asset Allocation investment strategy, period! Trading volatile investments is obviously not their cup of tea.
Gold is beautiful, a wonder to hold in your hand, but I truly see no use for it as an investment and only useful in extreme cases of hyperflation that rarely occur in other countries, and that has never occurred in the U.S. Now if the dollar crashes and we enter into a stage of hyperinflation I will eat my words, and the gold bugs can cash in their gold for those hypothetically near worthless dollars.
Tyler
Gold is beautiful, a wonder to hold in your hand, but I truly see no use for it as an investment and only useful in extreme cases of hyperflation that rarely occur in other countries, but that has never occurred in the U.S. Now if the dollar crashes and we enter into a stage of hyperinflation I will eat my words, and the gold bugs can cash in their gold for those hypothetically near worthless dollars.
Tyler >>
Tyler,
Let’s at least get our facts straight instead of picking a time period to suit your argument. In 1974 Gold was released to the open market to an extent from $35 an ounce ( I like the 25 year comment since it was over $800). The Global Central Banks had large stockpiles of Silver and Gold in those days. They controlled the price of these investments they dumped to achieve this. Too bad most of the Sliver is now gone and Gold is getting there.
Like I told my friends in the mid 90’s stocks don’t go up forever. How did the Gurus do in the 21-century crash? The odds are in their favor with their graphs since they all trade on an automatic buy/sell programs. When the people don’t trust the economy their toast
!
God’s sending out a message that things aren’t well, do you hear it? I don’t listen to my brain but when my heart speaks I listen and this coming from a non-dooms day person that’s a Republican.
PS:
I hope your right.....but you won't be IMO a global depression is coming not only to the US but the world and we don't live off the land like the people of the 30's..................
Wonder how those people did who bought and held dot.com stocks post 1998-1999. Or bought the DOW at 12000 (with inflation factored in you've lost 40% of your money if you bought broad index funds). That's about the same drop the dollar has taken. Take inflation out of the stock market "gains" for the past 70 years and what you have is very marginal. Wonder what you'd have today if you bought typical " commercial GEM BU" coins in 1980 at the peak of the market? (and most did who were buying). You'd be lucky to have 30% of what you paid today. Coins....some investment.
Stocks have had very poor 15-25 year runs too. If you asked people in 1945 or 1982 how their stocks had done for the past 15 years they would have punched you out. Pretty much the same up to 1987. OK, so the FED inflated the economy to hell from 1980 onward to create a massive credit society over the past 20 years.
Hence a bull market in paper equities and real estate and a dead market in gold. Do you think the next 20 years will also be a bull run for paper equities? If so, it will be the first time in our nation's history where a 20 year bull market corrected itself in only 4-5 years.
Sure, we can pick particular 20 year periods and show any investment to be a dog - real estate included. So what's the point.
One can make the stats say anything you like.
And gold did break over $450 tonight over seas on the open.
roadrunner
ilove better date gold coins proof gold and good old type two libs in choice au to lower unc as long as they got a good look to them and also ms63 ms64 ms65 saints generic that is
Gold opened over $450 overseas tonight. May still be more gas in this tank.
roadrunner
goover to the ngc boards i only post coin realted sutff over thewre now you will see some really cool stuff posted with photos and explainations and s0ome thoughts on buying coins you migfht want to add some of your usuall great years of experiences too!!
"Wonder how those people did who bought and held dot.com stocks post 1998-1999. Or bought the DOW at 12000 (with inflation factored in you've lost 40% of your money if you bought broad index funds). That's about the same drop the dollar has taken. Take inflation out of the stock market "gains" for the past 70 years and what you have is very marginal. Wonder what you'd have today if you bought typical " commercial GEM BU" coins in 1980 at the peak of the market? (and most did who were buying). You'd be lucky to have 30% of what you paid today. Coins....some investment."
I bought into a tech mutual fund two days before the crash! Ouch. Had I started my investment cycle four years earlier, I would not have lost a penny of my original investment. Since the stock-tech bubble burst of 2000 is but 5 years old, we will have to come back in another 20 to see the results. However, if we factor in a weighted stock portfolio and not just tech heavy stocks, we have a whole 'nother matter in performance. The issue for me is that gold is touted non-stop as a "hedge" against inflation. I just call that year after year selling hype; bullsh&t. Thats all. We have had constant inflation for the last 25 years and I say that Gold has not protected one's money at all (from inflation), especially factoring in the buy/sell premiums and storage costs.
"Sure, we can pick particular 20 year periods and show any investment to be a dog - real estate included. So what's the point.
One can make the stats say anything you like."
Well, for starters, it is more than 20 years, we are pushing 32 Since gold has broken the $150.00 mark. 25 years where Gold has been under water from its high mark. Historically looking back to 1833 Gold has remained stable, but has hardly been an investment. gold prices 1833 to present.
A person who buys gold will preserve capital, but history shows it has not been investment quality and the last 25 shows that it has been neither investment quality or a hedge against inflation. That is two big fat strikes against gold IMO as some sort of asset class given the other assets available. That doesn't mean that having Gold is a bad thing in a balanced portfolio, but expecting investment results given the buy/sell spreads, storage costs (or risks keeping it at home) and its 25 year history is an effort in futility.
We watch "real" prices in almost everything around us rise almost daily; homes, autos, consumables, energy, health care, education costs, and gold is sitting on its big fat ass doing nothing!
The commodities will be the last to collapse until a batter system is in effect. I like oil, lumber,gold, and silver, etc but let's face it all that will matter for a time is water,shelter,food, and protection. Look at N.O., the government won't be able to help you in a big event and had to be bailed at in the great depression. Word has it Russia has sold suit case nuke to terrorist to destroy 7 to 10 big cities and are in place.....How would you fair if this happened? Have you heard of "earth changes"? Expect more natural disasters, some claim that Russia and the USA are working on controlling the weather "the ultimate weapon". Seach on HARP..........................
The Red Back has been printed for all the external countries and we will trade with our own money soon. All the paper rich that have rent houses and haven't saved and have gone in big debt will see the error of their ways. This new age economy is a joke hope your not in flat money...................
Hum, I wonder why they don't want you to declare bankruptcy anymore, good old uncle sam is looking out for you and your the slave!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Man, if I had a nickle for everybody who has a crystal ball....
You big money guys just leave us S guys alone. The west coast doesn't get any respect.
Gold was used out here. Paper money wasn't used until the 80's ---I forgot exactly what date but paper money was illegal( might be the wrong word) to use in CAL until the 80's. I actually better brush up on my facts here before I spread disinformation.
I grew up scrounging 10-s through 15-s cents in change in the 1961-64 era when you could still find them. I never was able to buy gold as a child and always have had a love affair with S mint coins......
Besides, there were a lot of old money families saving Philly gold back then. D & C & CC stuff has had it's run up.
Just keep on omitting S gold please. I need about another year.
A freely floating gold price would not have been accomodating.
Before the FED became "print happy" you could claim a relationship to gold and inflation. But not in the 1980's and 1990's. While we were quadrupling our money supply over the past 25 years and on a buying bender gold was put out to pasture. Not only did it not quadruple in price to keep our money honest, but it fell to 1/3 of it's previous high from 1980 to 2001. Besides the regular money supply now we have huge amounts of credit that aren't even factored in yet. Eventually there has to be an accounting for quadrupling the money supply and stoking credit to unheard of heights.
roasdrunner
<< <i>Word has it Russia has sold suit case nuke to terrorist to destroy 7 to 10 big cities and are in place >>
While the status of the former USSR's nuclear inventory definitely concerns me, I would respectfully submit that if a terrorist group really does have suitcase nukes, what are they waiting for? I would think that any nukes would be used within a month of their acquisition.
<< <i>some claim that Russia and the USA are working on controlling the weather "the ultimate weapon". Seach on HARP.......................... >>
Good luck with that one. They might want to work on predicting the weather before they focus on controlling it
I DEFINITELY think having some money in gold/silver is the way to go. Face it: gold and silver are an excellent hedge. If you read the Bible, you know that the worst natural disasters are yet to come. Gonna really suck when that big asteroid hits (blazing mountain that falls from the sky).
The problems are there are decades when silver/gold are not excellent hedges, and most people don't invest long enough for the volatility to be smoothed.
and S mint gold is underrated, can't find a pic of my 1855-S half eagle..
Liberty: Parent of Science & Industry
Herb