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. #31
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by ernst barkmann View Post
    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.
    I don't keep physical gold. Its pointless to have for emergency purpose unless that emergency in a foreign country and the emergency is personal. The other products you listed are much better to have, also NON computerized machine tools and the like and knowledge of machining welding metal working and the like. Good working knowledge of fractioning and distilling chemicals is also valuable. Farming and that skillset. If its for investing or hedging I use ETF's and the exchanges or brokerage firms.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
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  2. #32
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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.
    right buying at 250 an ounce back in the 2000, and selling now at over 1300 is a terrible idea.

    or heck selling at near the high of 1900 makes no sense at all.

  3. #33
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    Thing is though what most people here seem to not realize. Gold HAS ONLY EVER GONE UP!!!! unbelievable, sure you get major spikes up in value that are MONEY MONEY MONEY makers and then it drops back down BUT it NEVER ever fell back below previous valuations.
    check a long term gold chart and it only goes up in value. Sure you have swings up and down but the long term trend is always up!

    Whatever i see the hive mind thinking that the boobtube has ingrained. It is rather scary actually.

    Attachment 67165476
    If you see the price of gold on a chart adjusted for inflation you would change your mind. I suggest you look at a chart from the late 70's early 80's and compare to the late 90's early 20's and compare both to now. I would suggest a bar chart or candlestick chart.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
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  4. #34
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    Re: Do you own Gold as a an investment or hedge?

    I bought some gold in 2003 at $380 per oz. and sold it in 2010 at 1,100 per. I was advised to buy gold in 2001 at 265, since it was at a 23 year low (always buy good values). I watched the market for 2 years and gold slowly moved up, as Bush increased the deficit and housing practically hyper inflated. The train wreck hit in 2008 and the fed stepped in with the congress and printed money at a phenomenal rate. By 2010 we were past the bailout money and the stimulus dollars that were printed. The govt. budget deficits actually began to fall markedly. Was the end of the hyper fear near? I was not sure, but I knew I was not a gold expert by any means. Sometimes I use a contrary indicator, and gold was being advertised heavily in the press, maybe it was time to get out. So, I did. I have not owned gold since then. I might if I saw it at a significant low and the govt. was printing money at an aggressive rate and the dollar was falling.

    Gold does not have earnings, it does not "grow like a business", it pays no dividends. On the other hand it has no debt and it cannot go bankrupt. The govt. cannot simply print it, you have to put in legitimate work and go mine it, so its supply is limited (a good thing for an investment).

    It's not that I like gold or dislike gold. I liked it at a certain time in a certain set of circumstances. But I realize that in 2001 at its low price of 265 per oz., it was at the end of a 23 year bear market having fallen from it high of $885 / oz in 1978. I think the cycles in gold are very long, longer than I want to wait. Suppose the high was in 2012 at 1900 / oz. and we have entered a long term bear market in gold? How long could it go down, and how low could it go? Can anyone say with certainty that we will have a hyper inflation that will drive gold to double, and what conditions would cause hyper inflation to occur?

    I don't like gold right now. You almost have to bet the US can't handle its economy and it will crumble, which has been a bad overall bet the last couple of hundred years. It may happen for a decade here and there, then they pass some laws to tighten things up and that has fixed things for several decades. The laws that came out of the great depression served this country well for 70 years. I don't know the result of the laws passed coming out of the Great Recession, but I'll watch with interest. The moneyed interests don't like great recessions.

  5. #35
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by PirateMk1 View Post
    If you see the price of gold on a chart adjusted for inflation you would change your mind. I suggest you look at a chart from the late 70's early 80's and compare to the late 90's early 20's and compare both to now. I would suggest a bar chart or candlestick chart.
    LMAO like this chart? it is interactive and pretty informative PS it is adjusted for inflation as well.

    Gold and Silver Prices - 100 Year Historical Chart | MacroTrends

    Here is a nice chart that is not adjusted for inflation.from 1833 to 1999

    London Fix Historical gold - result
    Do you own Gold as a an investment or hedge?-au883-999-gif


    London Fix Historical gold - result then a 1995 to current clearly the trend is UP UP AND AWAY!!

    Do you own Gold as a an investment or hedge?-au95-pres-gif

  6. #36
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    LMAO like this chart? it is interactive and pretty informative PS it is adjusted for inflation as well.

    Gold and Silver Prices - 100 Year Historical Chart | MacroTrends

    Here is a nice chart that is not adjusted for inflation.from 1833 to 1999

    London Fix Historical gold - result
    Do you own Gold as a an investment or hedge?-au883-999-gif


    London Fix Historical gold - result then a 1995 to current clearly the trend is UP UP AND AWAY!!

    Do you own Gold as a an investment or hedge?-au95-pres-gif
    If you don't adjust for inflation all you have is part of the picture. I invest as part of my income I live on. Get inflation adjusted charts. There is a reason you want those. Trust me. I aint trying to burst your bubble I am trying to get you to look at the picture though a different lens. Gold is a type of possible investment, just like anything else. Charts tell lies as well as truth, the trick is discerning the two. Long term charts can tell some serious whoppers.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  7. #37
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    Private poll

    Do you own Gold as a hedge against a falling dollar?
    i dont,but if i had money to blow id invest some of it in gold.the average life of a fiat currency is around 27 years,in which the us is past.


    but its not for fear of the dollar collapsing,but gold fluctuates different from the dollar,as does silver.anyone smart would diversify investments,as logically any of them can go bad,but the odds off all of them going bad are slim,so someone who diversifies will always have money.
    “[The metric system is the tool of the Devil! My car gets forty rods to the hogshead, and that’s the way I likes it!” – Abe “Grampa” Simpson”

  8. #38
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by votemout View Post
    right buying at 250 an ounce back in the 2000, and selling now at over 1300 is a terrible idea.

    or heck selling at near the high of 1900 makes no sense at all.
    lol. It's astounding how many people believe investing is about market timing and 'buying low, selling high'. Sucker born every minute, I suppose.

  9. #39
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by the_recruit View Post
    lol. It's astounding how many people believe investing is about market timing and 'buying low, selling high'. Sucker born every minute, I suppose.
    It is. The buying low selling high bit. That's how you make money in the markets. As a speculator anyhow. You just don't need to do it in any particular order. The other way to make money is to skim the transactions as the broker, or bookie if you like mob terminology.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  10. #40
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    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by PirateMk1 View Post
    It is. The buying low selling high bit. That's how you make money in the markets. As a speculator anyhow. You just don't need to do it in any particular order. The other way to make money is to skim the transactions as the broker, or bookie if you like mob terminology.



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