View Poll Results: Do you own gold as an investment or hedge against falling dollar.

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  • Yes physical gold (Jewelry,coins,Bullion)

    6 24.00%
  • Yes in an IRA or GLD

    0 0%
  • Yes, but not due to fear of collapse

    4 16.00%
  • No

    15 60.00%
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Thread: Do you own Gold as a an investment or hedge?

  1. #11
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    Re: Do you own Gold as a an investment or hedge?

    No, gold is not a good investment, and I don't invest based upon what talk radio hosts tell me.
    "Those who do not remember the past are condemned to repeat it." George Santayana

  2. #12
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by beefheart View Post
    No, gold is not a good investment, and I don't invest based upon what talk radio hosts tell me.
    Besides that, how are we supposed to know if the gold we are investing in is 100% pure gold and not diluted by mixing gold with lead?
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  3. #13
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by Unitedwestand13 View Post
    Besides that, how are we supposed to know if the gold we are investing in is 100% pure gold and not diluted by mixing gold with lead?

    Having it assayed. LOL wow

  4. #14
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    Re: Do you own Gold as a an investment or hedge?

    Judging form the answers I see here sorta explains a lot of the views I see here at this forum.

  5. #15
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    Re: Do you own Gold as a an investment or hedge?

    No, I like productive investments and if I'm really looking at commodities why wouldn't I just go for an ETF? I think things would have to change dramatically for it to be worth considering.

  6. #16
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    Judging form the answers I see here sorta explains a lot of the views I see here at this forum.
    Yup...a lot of ignorance about gold...which is understandable.

    Make no mistake, over the last two years, gold has been a terrible investment...down over 20%.

    But if you bought it 10 or 15 years ago...it is a fantastic investment (up 227% and 362%, respectively)...far exceeding what the DOW (approximately 60% and 49%, respectively - by my rough calculations) has done over that period.

    Gold Price History

    Dow Jones Industrial Average (1900 - Present Monthly) - Charting Tools - StockCharts.com

    And with fiat currency out-of-control and central banks with the pedal to the 'money printing' metal...gold (and silver's) time to shine is definitely not over (IMO).
    Last edited by DA60; 04-27-14 at 03:49 AM.

  7. #17
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    Having it assayed. LOL wow
    Gold has no actual use, not compared to other commodities that are actually useful.

    But, if you think that if there is going to be Armageddon and somehow your shiny yellow stuff will be worth something, go ahead, collect it.
    "Those who do not remember the past are condemned to repeat it." George Santayana

  8. #18
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by beefheart View Post
    Gold has no actual use, not compared to other commodities that are actually useful.

    But, if you think that if there is going to be Armageddon and somehow your shiny yellow stuff will be worth something, go ahead, collect it.
    Btw, gold is not just a hedge against trouble. Primarily it seems to be a hedge against monetary instability and inflationary concerns.

    Look what happened to the price of gold as the housing market boomed (when there were probably few fears of disaster)?

    The price from 2002 to the beginning of 2007 more then doubled.

    Yet, once the 'great recession' began, the price of gold plummeted by almost 1/2...because the U.S. Dollar has become the new safe haven (wrongly, IMO).

    Gold Price History


    It is true that people do buy gold for 'safe haven' reasons. But I believe most now buy it when there is inflationary/monetary concerns.
    And lately, everyone seems gaga about the future (again, wrongly IMO) as governments/central banks are 'printing money' as fast as they can to prop up economies/stock markets...so gold has taken a big hit.

  9. #19
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by Unitedwestand13 View Post
    Besides that, how are we supposed to know if the gold we are investing in is 100% pure gold and not diluted by mixing gold with lead?
    so far I have hear of gold being mixed with tungsten, with is an expense metal itself, and this had to do with gold from china.

    I don't buy any gold or silver from china, and stay with the same seller I trust,...I never buy from ebay, or something of that nature.


    to add I have my own scale, and I weight what I buy, and check for correct weight.

    my personal note to you: never let yourself be boxed in by only having cash/ fiat currency, always have a backup, SOME gold, silver, or products which hold value for resell, liquor, ammo, storable food are examples.
    Last edited by Master PO; 04-27-14 at 04:31 AM.

  10. #20
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    Re: Do you own Gold as a an investment or hedge?

    Yep, a little junk silver too. Not as an investment though. More of a barter tool of last resort.
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