1202.50

[ricket]

That is all.

[metalman]

Re: 1202.50

imagine our surprise.

[Jay]

Re: 1202.50

That is all.

It's a short term top, I bought today. ;)

[grapejelly]

Re: 1202.50

dollar index was down .50

I'd feel better with gold up and the USD up

[Kadriana]

Re: 1202.50

Makes me wish we would have gotten a little more gold at 800 but we have more than most people. The majority of our money being in cash is making me nervous with how much the market has been going up lately.

[we_are_toast]

Re: 1202.50

Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense

Just thought this might be a good time to revisit Nouriel Roubini's quote from Nov. 4.

This market has gone up too fast for too long, I continue to sell off my gold stocks and roll the money into GLD. After the correction I'll reverse the process.

[rjwjr]

Re: 1202.50

Just thought this might be a good time to revisit Nouriel Roubini's quote from Nov. 4.

This market has gone up too fast for too long, I continue to sell off my gold stocks and roll the money into GLD. After the correction I'll reverse the process.

Toast!? What are you doing, my man.

Let's ignore the fact that you had invested in gold stocks in spite of EJ strongly recommending against such, haven't you read all the bad posts on this site about GLD? It's my understanding the GLD is a scam waiting to be uncovered...not the place you'd want your money to be when the curtain is pulled back. The concensus has been that GTU and/or CEF are far better options than GLD...with physical being the ultimate medium (BullionVault or backyard depending on your arsenal).

You have dodged a bullet so far, but that doesn't mean you should continue dancing around the wrong end of the gun range. Yikes!

[rjwjr]

Re: 1202.50

Makes me wish we would have gotten a little more gold at 800 but we have more than most people. The majority of our money being in cash is making me nervous with how much the market has been going up lately.

Kadriana...

If you had a guru like EJ that has been so right about so many calls,

a guru that is more often than not TOO conservative in his predictions,

and a guru that expects physical gold to go to $2,500 before he feels he needs to take another serious look at it's relative value,

then wouldn't it make sense that $1,200 is a fine time to buy?!

You should be nervous that the majority of your money is in cash, but not because you fear missing out on this inexplicable stock market rise. Go gold instead.

[Kadriana]

Re: 1202.50

Kadriana...

If you had a guru like EJ that has been so right about so many calls,

a guru that is more often than not TOO conservative in his predictions,

and a guru that expects physical gold to go to $2,500 before he feels he needs to take another serious look at it's relative value,

then wouldn't it make sense that $1,200 is a fine time to buy?!

You should be nervous that the majority of your money is in cash, but not because you fear missing out on this inexplicable stock market rise. Go gold instead.

Well, I was looking at it and it's about 50% cash. EJ says 30% gold, 70% cash, doesn't he? I have 20% gold/silver and then around 30% in ETF's and a mutual fund I never sold.

[Jay]

Re: 1202.50

Kadriana...

If you had a guru like EJ that has been so right about so many calls,

a guru that is more often than not TOO conservative in his predictions,

and a guru that expects physical gold to go to $2,500 before he feels he needs to take another serious look at it's relative value,

then wouldn't it make sense that $1,200 is a fine time to buy?!

You should be nervous that the majority of your money is in cash, but not because you fear missing out on this inexplicable stock market rise. Go gold instead.

I couldn't agree more. Simple. Everything else is a crap shoot.

[Jay]

Re: 1202.50

Toast!? What are you doing, my man.

Let's ignore the fact that you had invested in gold stocks in spite of EJ strongly recommending against such, haven't you read all the bad posts on this site about GLD? It's my understanding the GLD is a scam waiting to be uncovered...not the place you'd want your money to be when the curtain is pulled back. The concensus has been that GTU and/or CEF are far better options than GLD...with physical being the ultimate medium (BullionVault or backyard depending on your arsenal).

You have dodged a bullet so far, but that doesn't mean you should continue dancing around the wrong end of the gun range. Yikes!

GLD is also taxed as a collectible while GTU isn't.

[goadam1]

Re: 1202.50

GLD is also taxed as a collectible while GTU isn't.

WTF!!!!!!???????

[ASH]

Re: 1202.50

WTF!!!!!!???????

This is one reason that GTU and CEF trade at a premium over their NAV.

Here is a statement from CEF about how they are "likely" classified as a passive foreign investment company (PFIC).

[ThePythonicCow]

Re: 1202.50

GLD is also taxed as a collectible while GTU isn't.

Would you have any idea how BullionVault or GoldMoney are taxed in the U.S.?

[we_are_toast]

Re: 1202.50

Toast!? What are you doing, my man.

Let's ignore the fact that you had invested in gold stocks in spite of EJ strongly recommending against such, haven't you read all the bad posts on this site about GLD? It's my understanding the GLD is a scam waiting to be uncovered...not the place you'd want your money to be when the curtain is pulled back. The concensus has been that GTU and/or CEF are far better options than GLD...with physical being the ultimate medium (BullionVault or backyard depending on your arsenal).

You have dodged a bullet so far, but that doesn't mean you should continue dancing around the wrong end of the gun range. Yikes!

Thanks!
I've had the stocks since before I found iTulip so I'm trying to sell into rallies while still holding the same equivalent of gold. I've read some of the posts about GLD and I'm looking into alternatives. I'm being pretty wishy-washy as to where's the best place to put it. I was nervous about GLD before, but after reading your comments, now I'm really nervous!