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For those not sure if buying Gold is the thing to do...

NumbersUsacomNumbersUsacom Posts: 1,457 ✭
in Precious Metals
GOLD
NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac

Comments

  • SpoolySpooly Posts: 2,108 ✭✭✭
    nice chart
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  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    considering how fast and far energy and food prices have risen, without similar inflation effects:
    1. if they fall just as far just as fast, wouldn't there be minimal deflation
    2. why do I need to care about deflation in food and energy prices right now? (Although there would be some effect on the farmers who have been making bank selling things like corn. ... I hope they've been saving for the "lean years." I'm not going to feel much mercy.)
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  • derrybderryb Posts: 36,791 ✭✭✭✭✭
    silver will pay better returns

    "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

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭


    << <i>silver will pay better returns >>



    Silver probably will pay a better return. I've adopted a 2/3 gold and 1/3 silver mix for myself.
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  • CakesCakes Posts: 3,626 ✭✭✭✭✭


    << <i>silver will pay better returns >>



    I agree but I just don't have enough space to safely store anymore silver in my SDB.
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  • tneigtneig Posts: 1,505 ✭✭✭
    Overall "Predictive Charts" from all sources: Be Careful:
    Seriously, Thanks so much for starting this thread and posting that chart! I personally like it.

    Looking at plain old historical price charts shows a general long term overall upswing, and some brutal downswings (and the possibility of a big drop at any time), so one must plan for an investment stategy and time and redemtion planning. Gold, silver or other pms, -same applies. Plain old Historical price charts show what the historical price 'was at' anytime. Folks can even interpret the price movement differently on the plain historical chart so be careful. You need to look at short term and 10yr plus long term views of the plain old price chart, not just the section that makes it look good. Note the climbs and note the dips and how long they last and if that would hurt you. We all interpret that differently. Be careful.

    Now, "Predictive Charts" using different methodologies (highly biased) come out all the time. All have good sound reasoning, but end results are often, if not always, different due to an endless variety of caveats and external circumstances. The presentors mean well and are good folk - But Nobody Knows... until after!

    If you buy gold or PMs as an investment, then realize it is a tricky expensive speculative investment, not a sure thing that you will get you rich off of gold climbing. Actually, you may get richer more from just from the saving aspect of it. Alternately, if it does climb, you will just be losing in your paper money buying power anyway). There are other methods of course, such as the hedging, short buy/selling, and safety and being a dealer/seller, electronic gold (shares/mines/options) etc.. Definitely for the more experienced individuals speculators.
    (with the best and most helpful I've seen here is this forum!)

    I specifically have a plan, to buy physical low, sell high during my retirement, and that is considered a risky speculative investment. But that's me, and I'm heavier is silver right now. You should have a plan based on your experience and stay within that realm, modified by real experience, not a predictive chart alone (beyond what you can afford to lose).

    I urge folks, esp newbies, not to speculate $$ you cannot afford to lose on PMS relying on predictive charts too closely. Every chart I've seen has a different methodology, and they have all been no more accurate then darts, esp this last year. imho if you followed the predictive charts from a year ago, you could have lost value on your PMs. Just like in the stock world. Gold and PMs are a high risk "investments."

    I know, I know I'm a newbie, and almost all of you have more experience and knowledge then I do. And I know you can interpret these predictive charts with insight I do not yet have. And very much appreciate the knowledge I will learn from this forum.
    COA
  • bstat1020bstat1020 Posts: 2,151 ✭✭


    << <i>

    << <i>silver will pay better returns >>



    I agree but I just don't have enough space to safely store anymore silver in my SDB. >>



    Get another one!image
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Buy both
    Successful Buying and Selling transactions with:

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  • morgansforevermorgansforever Posts: 8,459 ✭✭✭✭✭
    <<I agree but I just don't have enough space to safely store anymore silver in my SDB.>>

    Got rid of mine, didn't feel it was safe in these uncertain times.
    1933 could happen again, just sayin.
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