Tweet
Everyone.............Schiff ,Jim P, Ej............EVERYONE said buy Gold!
Yet in $ terms Gold has not hit $1400 or even $1100....What is holding it?
Mike
Yet in $ terms Gold has not hit $1400 or even $1100....What is holding it?
Mike
-
-
Mega not rich yet!
Everyone.............Schiff ,Jim P, Ej............EVERYONE said buy Gold!
Yet in $ terms Gold has not hit $1400 or even $1100....What is holding it?
Mike -
Re: Mega not rich yet!
did you buy it dollars, Mega?Comment
-
Re: Mega not rich yet!
I can do better now with my paper dollars than ever before--- at least in some years, thank you.Originally posted by Mega View Post
Yes, gold is great in theory, but theories do not buy groceries. Yes, gold will go up someday soon, but not yet. There is no reason for gold to go up when everything is going down in price.
The cost of living is going to continue to drop for a while, especially if we can get control of these eco-frauds--- the ones who have driven-up the cost of land, the cost of housing, the cost of energy, and the cost of everything by their strategy of blocking development.Comment
-
Re: Mega not rich yet!
Google: the fourth currencyEd.Comment
-
Re: Mega not rich yet!
sorry, i bought some recently. price due to remain the same or go lower !Comment
-
Re: Mega not rich yet!
But FRED i should be on Island now with lots of young native girls "Attending" my needs!
Not stuck in cold Liverpool!
MikeComment
-
Re: Mega not rich yet!
I thought when everyone says to buy something you are likely at an apex of a bubble and it is time to sell.Comment
-
Re: Mega not rich yet!
We all understand that a return to some form of Bretton Woods is coming, but probably it will not be soon. First, we have to go deeper into depression until more people begin to question economists and kids begin to revolt against the teaching offered by their economics professors in universities. This will take time.Originally posted by FRED View Post
For now, gold at $800US+ is no deal, especially when oil is $38 per barrel. Oil will work just fine as an inflation hedge, so will land, so will homes, so will silver at under $10US per oz, so will copper, so will steel, etc. But as gold settles back--- if it settles back in price--- gold will become attractive again as a long-term hold.
Everything needs discipline, even a gold investment. And when gold becomes a religion, I want oil or something else to hold--- not gold.
Gold seems to work best as an investment when gold is hated, and not enough people hate gold now.Comment
-
Re: Mega not rich yet!
Are you saying your barber and taxi driver are saying they are making a "killing" in gold?Originally posted by MindsEye View Post
Where I live, people think I am nuts for buying gold as an investment.
That is level 2 or 3 out of 100 on the bubble-o-meter in my book.Comment
-
Re: Mega not rich yet!
I can relate to that, because where I live, three of the individuals whom I have given MHO to about gold as a possible hedge all responded with a similar "what have u been smokin?" tone. These three happen to be:Originally posted by LargoWinch View Post
the president of a local bank
an account mgr at Smith Barney(he's my client, not vice versa)
an upper level mgr at a local jewelry store chain
Understandable, coming from a well digger who still gets his clothes dirty, can you blame? Naturally they all see that light at the end of the tunnel. I see it too but I still think it's a train.Comment
-
Re: Mega not rich yet!
Mate, better start selling it. Otherwise, it'll never get there!Originally posted by Mega View Post
Comment
-
Re: Mega not rich yet!
You're kind of a glass half empty kind of guy, aren't you, Mega.Originally posted by Mega View Post
I, on the other hand, am grateful to the Tulip that I'm not (yet) in some sweatshop "attending" the needs of some fat old bastard.
Comment
Comment