Gold on Page one of the Money section of USA today.

PutTogether

Granted, USA today is a paper for 12 year olds, but still interesting........ opinions?

curly

Dunno brother. I don't read the USA Today, it's a paper for 12 year olds. Remember?

PutTogether

Yes curly, yes it is, but it is the only thing we've got here at the office. It was actually fairly interested and presented two sides of the gold argument. It even noted that adjusting for inflation, gold is nowhere near it's all time high. I just thought it was interested that a full page article on gold was in a paper as ubiquitous as USA today, it just doesn't get any more mainstream than that.

Do the folks here more knowledgable than I feel that mainstream print media picking up on gold provides any hints on what may be to come?

rgCoinGuy

<< <i>

Do the folks here more knowledgable than I feel that mainstream print media picking up on gold provides any hints on what may be to come? >>



While I don't claim much knowledge, most will say that once it's in the mainstream media, it's time to sell. My personal opinion, this situation is so FUBAR, that may not apply this time. Be interesting to see what others think though....

jmski52

I agree with ya, Rob.

tggr

Hold

fishcooker

When the "advisors" start putting clients in PM's at 20 to 25% of their "diversified" portfolios, then will be the time to exit. We might also see some PM mutual funds close to new investors.

JoesMaName

<< <i>
While I don't claim much knowledge, most will say that once it's in the mainstream media, it's time to sell. My personal opinion, this situation is so FUBAR, that may not apply this time. Be interesting to see what others think though.... >>



Exactly how I feel - could go either way in short term. Long term? anyone’s guess, though to me the fundamentals scream FUBAR.

roadrunner

Yeah, this is about the same time where certified financial advisors start loading up their clients back to 50-80% stocks for the next rebound to 12,000...assuming they ever unloaded them to begin with and just told them to ride it out (ie like they did in 1929-1930). The market always comes back (it did reach that 1929 peak again.....but not until 1954).

To anyone that is considering gold or is in it now, they should probably remain invested at 15-25% levels if they want it to do any good at all. This is a long term metals market in a world that is too close to a major break down. Carrying 1-10% is like having nothing. That would be akin to telling long term investors in 1988 to put 20% of their money in the stock market.....the rest can go into bonds or cash. Though having 1-10% just in physical bullion for bartering money in the event of a financial lockdown is not a bad idea.

roadrunner

coynclecter

I put about 20% into PMs in 2005. Since then my house equity crashed and my company stock went from $30 to 10cents. I havent moved much and now Im 70% PMs and staying there.