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02-13-2008, 11:26 AM
| | Registered User | | Join Date: Sep 2006 Location: Chicago, IL | | | Investing in gold
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Well, after doing some research on inflation and things like that it really pisses me off that the US Government overspends, and just prints more money to make up for it, essentially making everyone pay an "inflation tax". Seems like investing in gold is a great idea, especially considering the price trends of gold lately.. does anyone invest, and what kind of results have you had so far? Would it be beneficial to keep the investment for many years (through ups and downs) or to sell on the first upswing that comes along?
Also, do other countries just print more money, is the Euro affected the same way as the dollar is?
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Last edited by Armueller2001 : 02-13-2008 at 11:28 AM.
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02-13-2008, 11:34 AM
|  | ACME, Line 6, SWR, QSC, Greco user/BOSE PAS abuser | | Join Date: Feb 2004 Location: South Texas | | I believe all paper money is now fiat money.
You are coming in when things(gold/silver) are high.
Should the 1930's thing or worse happen, more useful coins(silver) AND gold will help carry some value forward.
Education lies here: http://the-moneychanger.com/entry.phtml
Franklin Sanders is a good man with excellent advice.
So good, they tried to shut him down and up: http://the-moneychanger.com/articles...angerous.phtml
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02-13-2008, 11:48 AM
| | Registered User | | Join Date: Mar 2005 Location: Western PA | | | I'd like to, and wish I would have gotten in on it earlier... but you have a lot farther to fall per oz. of gold now as compared to a few years ago.
Of course I'll be kicking myself if Au is up to $2k/oz in a couple years.
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I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. - Benjamin Franklin My Band My Band's Myspace |
02-13-2008, 12:17 PM
|  | Registered User | | Join Date: Aug 2006 Location: Rochelle, Illinois | | | The best advice hasn't changed; invest what you can in a diversified manner and don't start second guessing the market trying pull money from investment 'x' to push into investment 'y' just because you think there might be a trend there.
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02-13-2008, 12:45 PM
| | Registered User | | Join Date: Mar 2005 Location: Western PA | | | I agree... but the thing is that I've wanted to diversify into gold for a long time but didn't have the money. Now that I do, I'm not sure that it's a good time to buy in.
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I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. - Benjamin Franklin My Band My Band's Myspace |
02-13-2008, 01:10 PM
| | Banned | | Join Date: Oct 2003 Location: Central Southern Massachusetts | | | My father buys sterling silver, gold and (recently) platinum as it shows up at Flea Markets of all places. He gets some incredible deals and knows exactly what to look for. He has literally tens of pounds of silver and gold and strikes harder when there are ebbs in the market. He has quite a network of traders and the like that he does business with too...I know it's "small time" in the grand scheme, but he has fun with it. Call it a hobby.
R |
02-13-2008, 01:13 PM
| | Registered User | | Join Date: Aug 2004 Location: Israel | | I wouldn't invest in gold alone... Investment should be diversified, the more - the better. You should look for other instruments and use them too. For instance, invest 70% of your cash in gold, 20% in oil, and 10% in S&P500 (I brought the proportions just fo the sake of example). You can read on this topic in the wiki (if you aren't scared of math), especially the 'efficient frontier' sub-topic.
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02-13-2008, 01:30 PM
| | Registered User | | Join Date: Mar 2005 Location: Western PA | | | I do like the fact that it's almost a barter thing... you buy a gold coin, tax free, with cash... put it in your safe for 10 years, then sell it for a hopeful profit... again, ahem, 'tax free', since you're just exchanging currencies... of course you can claim it if you want...
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