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Do you own Gold as a an investment or hedge?

Do you own gold as an investment or hedge against falling dollar.

  • Yes physical gold (Jewelry,coins,Bullion)

    Votes: 5 23.8%
  • Yes in an IRA or GLD

    Votes: 0 0.0%
  • Yes, but not due to fear of collapse

    Votes: 3 14.3%
  • No

    Votes: 13 61.9%

  • Total voters
    21
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I also like it when people give me gold, for no apparent reason.
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I guess that would be true. Against the falling dollar. I bought 25 ounces of gold for $300 an ounce in 2001, right after 9/11. One of my better investments -- but I don't intend to sell it.

You did very well. Gold hasn't been much lower than that.
 
No, gold is not a good investment, and I don't invest based upon what talk radio hosts tell me.

Sounds like you don't invest at all.
 
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.

Gold is an industrial metal with industrial uses. Obviously you are not an investor of any sort or you would know this.
 
You did very well. Gold hasn't been much lower than that.

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:shock: 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.

tvsuckskidsbrains1.jpg
 
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.
 
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.
 
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:shock: 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.

View 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.
 
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.
 
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
au883-999.gif


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

au95-pres.gif
 
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
View attachment 67165478


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

View attachment 67165479

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.
 
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.
 
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. :lol:
 
lol. It's astounding how many people believe investing is about market timing and 'buying low, selling high'. Sucker born every minute, I suppose. :lol:

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.
 
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.

:lol:


. .
 
???????????????????

There's mountains of research that shows that trying to time the market by buying/selling in sync with the natural market fluctuations doesn't work. Success in timing the market is statistically equivalent to (or even worse than) random chance. You are not Warren Buffet. You are not Peter Lynch. With near certainty you would do better in the long run to buy and hold.

That's not even controversial in the personal finance world these days. Investing is about buying an asset and sitting on it long term. It's not about picking the hot stock, it's about asset allocation. It's about ignoring the up/down fluctuations. That's just noise. You make money by taking advantage of the long term trend that emerges in spite of the noise. Those that try to time the noise almost always do worse in the long run. And that's even if you opt for professional management. The costs of active management almost always negate the gains compared to passive indexing.
 
There's mountains of research that shows that trying to time the market by buying/selling in sync with the natural market fluctuations doesn't work. Success in timing the market is statistically equivalent to (or even worse than) random chance. You are not Warren Buffet. You are not Peter Lynch. With near certainty you would do better in the long run to buy and hold.

That's not even controversial in the personal finance world these days. Investing is about buying an asset and sitting on it long term. It's not about picking the hot stock, it's about asset allocation. It's about ignoring the up/down fluctuations. That's just noise. You make money by taking advantage of the long term trend that emerges in spite of the noise. Those that try to time the noise almost always do worse in the long run. And that's even if you opt for professional management. The costs of active management almost always negate the gains compared to passive indexing.

That is part of it yes asset allocation. Notice I didn't say timing the market I said buy low sell high. There is no specific order you do that in. There several ways to buy and sell, market timing just one of those, dollar cost averaging is another. Buying and holding for long term is a good play IF you get a good deal. Buying at low points in market trends amplifies the effect over the long term. Buying at high points lessens your gains over the long term. Selling off in high trends locks in profits. You don't need to time the market you just need to know if you are on the high side or low side very tops or bottoms matter little. I trade for part of my income and that is part of my multi legged income strategy along with running a logistics business, real estate investments, and other investments. Research also shows there are calendar time to buy and sell various futures and stocks. Research also shows most traders are out of the market in a year. That same research show the reason they are out within a year is either lack of discipline, not enough resource to start with or lack of knowledge of the market they are attempting to trade. Its a matter of knowing the fields you are trading and or investing in if you are trading or investing. Investing simply denotes a longer term strategy. A good strategy for accumulating wealth will encompass long to medium term investing and short term trading in a mixture and exposure appropriate to your goals and risk tolerance. There is also NO one way that is successful for all people, everyone is different and has different risk tolerances, accumulated assets, cash holdings ect.. What works for me may not work necessarily with you.

You are right I am NOT Warren Buffet and most certainly not as brilliant as Peter Lynch I only am right 33% of the time on which way the market is going to go, I have however very impressive 5% monthly gains which equates to 60% yearly gains. How is it I do that with such a crappy prognostication rate? Discipline. That's it. Timing the market perfectly is pretty much impossible, timing it some of the time is inevitable a matter of statistics. Taking advantage of market movement is VERY possible and to be blunt probable. Don't catch the waves, catch the tide.
 
Private poll

Do you own Gold as a hedge against a falling dollar?

I don't see gold as a short term investment right now. It's been peaking for the last several years, though it's good to have some as part of your portfolio, if you've got enough funds to allocate. I don't think it's necessary to physically own it either, unless you just like the feel of coin or bullion. Silver may actually be a better precious metal to own, since it's less sensitive to larger fluctuations.

I don't believe it's a very good hedge against the dollar. If US currency takes any significant dump, PM's probably won't fair much better in that financial climate. This is not the 70's-80's style of market for rising interest rates anymore.
 
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.


well notice i said some, gold and silver can be use as a barter tool, if someone i am trying to make an an exchange with ,does not want any of the others items i have....metals are universal, he can take it from me, and exchange with another person for something.

skills are a very useful thing to have also
 
That is part of it yes asset allocation. Notice I didn't say timing the market I said buy low sell high.

That's what I was talking about. You responded to me remember.

There is no specific order you do that in. There several ways to buy and sell, market timing just one of those, dollar cost averaging is another.

Dollar cost averaging is a strategy for getting a big lump sum into an investment without risking a sudden loss to short term volatility. It really has nothing to do with market timing vs buy and hold.

Buying and holding for long term is a good play IF you get a good deal. Buying at low points in market trends amplifies the effect over the long term. Buying at high points lessens your gains over the long term. Selling off in high trends locks in profits. You don't need to time the market you just need to know if you are on the high side or low side very tops or bottoms matter little.

:lol: This is timing the market and statistically it's a loser's game. If you have funds to invest, start investing it now and hold until you retire. Waiting till you think the market is at a low point or selling it before then to "lock in profit" is a rookie mistake. It's exactly the kind of unwise investing behavior I'm talking about.

I trade for part of my income and that is part of my multi legged income strategy along with running a logistics business, real estate investments, and other investments. Research also shows there are calendar time to buy and sell various futures and stocks. Research also shows most traders are out of the market in a year. That same research show the reason they are out within a year is either lack of discipline, not enough resource to start with or lack of knowledge of the market they are attempting to trade. Its a matter of knowing the fields you are trading and or investing in if you are trading or investing. Investing simply denotes a longer term strategy.

Day trading isn't investing as far as I'm concerned. What you're doing is akin to trying to beat the house at a Casino. Statistically, you are not going to come out ahead. It's not about "lack of discipline". :roll:

A good strategy for accumulating wealth will encompass long to medium term investing and short term trading in a mixture and exposure appropriate to your goals and risk tolerance.

Right. If your goal is to earn as much as possible over your lifetime, then short term trading is a bad idea. It's a matter of simple statistics. If your goal is to likely earn less money over the course of your lifetime, then short term trading is for you. Another good stategy for this goal is playing roulette at your local Casino. :lol:

There is also NO one way that is successful for all people, everyone is different and has different risk tolerances, accumulated assets, cash holdings ect.. What works for me may not work necessarily with you.

:roll: Of course. This is where asset allocation and rebalancing your portfolio as you age comes in.

You are right I am NOT Warren Buffet and most certainly not as brilliant as Peter Lynch I only am right 33% of the time on which way the market is going to go, I have however very impressive 5% monthly gains which equates to 60% yearly gains. How is it I do that with such a crappy prognostication rate? Discipline. That's it. Timing the market perfectly is pretty much impossible, timing it some of the time is inevitable a matter of statistics. Taking advantage of market movement is VERY possible and to be blunt probable. Don't catch the waves, catch the tide.

Hahaha. 60% annual returns! You're right, your'e not Warren Buffet or Peter Lynch - you're way, WAY better than they ever were! lol.

You're delusional if you think that's the kind of return you maintain. :lamo

Sucker born every minute....
 
That's what I was talking about. You responded to me remember.



Dollar cost averaging is a strategy for getting a big lump sum into an investment without risking a sudden loss to short term volatility. It really has nothing to do with market timing vs buy and hold.



:lol: This is timing the market and statistically it's a loser's game. If you have funds to invest, start investing it now and hold until you retire. Waiting till you think the market is at a low point or selling it before then to "lock in profit" is a rookie mistake. It's exactly the kind of unwise investing behavior I'm talking about.



Day trading isn't investing as far as I'm concerned. What you're doing is akin to trying to beat the house at a Casino. Statistically, you are not going to come out ahead. It's not about "lack of discipline". :roll:



Right. If your goal is to earn as much as possible over your lifetime, then short term trading is a bad idea. It's a matter of simple statistics. If your goal is to likely earn less money over the course of your lifetime, then short term trading is for you. Another good stategy for this goal is playing roulette at your local Casino. :lol:



:roll: Of course. This is where asset allocation and rebalancing your portfolio as you age comes in.



Hahaha. 60% annual returns! You're right, your'e not Warren Buffet or Peter Lynch - you're way, WAY better than they ever were! lol.

You're delusional if you think that's the kind of return you maintain. :lamo

Sucker born every minute....

Dollar cost averaging is a strategy for getting a big lump sum into an investment without risking a sudden loss to short term volatility. It really has nothing to do with market timing vs buy and hold.

Here is the dollar cost averaging definition for you.
Definition of 'Dollar-Cost Averaging - DCA'


The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer shares are bought when prices are high.

Also referred to as a "constant dollar plan."




Investopedia explains 'Dollar-Cost Averaging - DCA'


Eventually, the average cost per share of the security will become smaller and smaller. Dollar-cost averaging lessens the risk of investing a large amount in a single investment at the wrong time.

For example, you decide to purchase $100 worth of XYZ each month for three months. In January, XYZ is worth $33, so you buy three shares. In February, XYZ is worth $25, so you buy four additional shares. Finally, in March, XYZ is worth $20, so you buy five shares. In total, you purchased 12 shares for an average price of approximately $25 each.

Dollar cost averaging is a method of investing over a long period of time and backdoor timing the market though statistics. You can also do it for large sums though it takes time. Most people just take a modest sum out of their paychecks over a very long term and invest in some sort of fund that way.

You obviously have your own ideas on investing. If you are comfortable with them why should you change? Me? I am quite comfortable day trading on occasion and utilizing the skills I have honed for better overall returns on my long term investments. If you wish to pish pash my methods that's your prerogative. The only thing that counts for me in the end is whether or not I have gains for my efforts. I don't day trade as much as I used to as that requires a fair bit of time and effort to be successful at it consistently. It something that I do mainly now to optimize my entry into a medium term position that's going to take 30 days or more to realize, or to get the best buy I can at the time I acquire more shares of a long term held investment instrument. I make more money now as a partner with an investment group that provides invoice factoring services to various industries such as the one I have a business in, which is logistics. Very little work and very little risk and very very handsome returns that are very predictable. It has grown enough to become a major part of my current income portfolio. 5% monthly returns are very difficult to beat. Its a very nice business in that it is a win win win proposition all the way around. We make a nice return of 5% monthly, the invoice seller get their money now and increases their cash flow for a modest fee along with billing and collections service, the invoice recipient gets to float the invoice for 30 days or more and accumulate the collective interest. Everybody wins, the best kind of business deal.

I should clarify my annual 60% returns. That's on an exposed position. IE If I make a trade and say buy or sell 1000 dollars of whatever and make a 100 dollars profit when I complete the transaction within the month. That's 10% there. This is wash rinse and repeat except exposing the initial investment plus the gains. Over a period of a year with the inevitable losses, it works out to about a 60% gain annualized. So basically I start with $1000 and end up with $1600. So I made 60% What I neglected to point out and I should, have was the trade only utilizes a maximum of 2% of the trading account on any giving number of positions. I normally keep about $150,000 in a trading account so my maximum initial exposure is 2% of that or 3000 dollars. Which means I can only put on any number of trades that are less than the total of 3000 dollars. So my 60% returns will net me $1800. Or 1.2% overall gains not counting accumulated interest on the account. Sorry about the confusion. I just like looking at it from the exposed position perceptive.
 
I bought some Krugerands when they were at $100 back in the 70's. sold them when I needed money and had a little profit. Bought a couple golden eagles for 300 when gold was going for three hundred. Still got one, gave one as a present. A few years ago I bought some gold certificates (about 30 thousand worth) when gold was going for around $600. Yep, should a sold when It peaked. but when one Ira I have goes down, gold goes up, and vice versa so I guess it's ok hedge but I wouldn't trust putting a whole lot of money into gold. The only real money I ever made was real estate although I'm small time. In late November 2012 I helped my son get a condo going for $220k. A year later similar condos with no upgrades went for $440k. Doubled in value like the good old days. Then interest rates went up and nothing selling in association now but nobody's selling cheap either. Nothing like real estate for a little guy but it's usually long term. It's also an investment you can live in or rent out and get deductions like depreciation etc.
 
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