Does Anyone Here Not Even Want To Deal In/With Gold?

I guess we all have these.

My goal wasn't to sound like a smart ass, with the graphs or my interpretation of them. I am pretty sure the rocket is going to keep climbing as we prepare for what seems to become the melt down of our society as we know it. Looks like people are buying what they can get their fingers on in Silver & Gold. Average price on ebay tonight is 45-53 dollars per ounce...

I wonder how many will put it all in one nest, maxing out their credit cards, depleting everything right down to the wire, to get in on the hype. You know... for when the stone-age hits again...

Hopefully reality will return at some point.

Ed, the only number I care about is $1835 compared to $40.74, lol. And in your personal situation I think silver is best for you, and I am not saying one should buy into gold at these high prices. If the Staneburry add Bruce got is right, and gold does fall to 1000, I am not worried, as I am in it for the long haul....

You guys with the charts are right, and way smarter than I. And if I convert all my silver to gold, I will probably regret it later. But I figure, I can always start adding more silver, as it is cheap enough to do so IMO. If I can get 45 grams of gold together in these high price days already, adding more silver is gonna be possible even if it hits 75 or 100 an oz....

I don't like to gamble, as I always lay up. Even though I don't play golf after my friend spliced a shot right in to my upper lip 13 years back, which split a hole in my face I could blow air through and it took nine stitches to sew it up, lol....

My point, silvers volatility bothers me. Gold can pull back a few hundred an be fine, but if silver drops five bucks over the next five bus days, and takes 30 years to get back to 40 again, well it would be a bad thing for many of us. I don't think that will happen and many of my rants on here would lead one to believe I would never think silver to do that, but if the powers to be decides to dump enough, it could happen. I just have a gut feeling gold is gonna be a safe haven for many years to come and not as easily tampered with. Silver just has not shown me enough yet to believe it will follow right along, even though I do think a 20 to 1 ratio is destine to occur again someday. The question is, is it in a year or two or fifty. I am more inclined to think in a year or two....

not many can afford gold that's why silver is now the poor man's gold,
$40 in .999 gold is like size of pin head vs holding a silver eagle in hand

Thank you Silverhawk,

@BILL99:
Pin size or not, a dollar's worth of Something is a dollar's worth. If it's about size and quantity or about what $50 will get you, then we're really talking collecting and not investing

@Silverhawk:
My thoughts exactly. Coming for a collector point of view I want to net a couple of full oz gold maple leafs before the price rises so hight that i'd have to settle with 1/4oz-ers. Just found a dealer here in Canada that haven't changed their price on a commemorative pure gold coin yet, making it a good buy if I can sneak in an order :)

Two weeks, man CPC24 where did you order that sucker from Canada or Siberia, rof....

Nice additon, I need one of that variety....

All right, here's what I don't understand...

I agree that it probably makes a lot of sense to keep buying gold right now as a short-term investment, since it will likely keep climbing for awhile before it eventually crashes back down. Had I bought at $800 or even $1300, I'd have made a really nice return on my investment if I sold right now. And if I buy right now, I can probably make out pretty well if and when it hits $2500.

However, why are people still talking about buying gold as a long-term investment? It seems like everybody agrees that gold will eventually crash (at least to $1000, perhaps lower) -- the only question is when. What good is buying gold at $1800 if it crashes down to $1000, whether in a month or in a year or in five years, and then stays there for the next 30 years the way it did after the last crash?

The only reasons I can think of are (a) some people don't really think gold will ever go back down, (b) people think that after the crash it will eventually go back up within the next 20-30 years or (c) people buying gold now are really just trying to preserve their money as best they can and are not actually buying as a long term investment after all (on the theory that, unlike other investments like stock, gold will never lose all its value).

I am definitely interested in buying gold right now, but I still can't shake the feeling that as a long-term investment (especially when buying at current prices), it's really a sucker's game. I suppose if I truly believed the world governments were on the brink of collapse and that we are headed into a new dark age, then stockpiling gold would make a lot of sense to me. But if that were the case I'd also be stockpiling guns, food and water, buying a place out in the country, digging myself a fortified bunker, etc. Which is to say that, if the end of the world really is coming, I don't think having $100K in gold bullion is really going to make all that much difference...

Long term for me means at least 20 years (basically, when I hit retirement age). When gold peaked at around $800 in the early 80s and then crashed back down to the $300 range, it stayed there for the next 25 years or so. Had I bought gold then and wanted to sell it 20 years later, not only would I have not made any money on my investment, I would have lost quite a bit.

Obviously, if I had bought gold 10 years ago at $300-350, I'd be thrilled right now. In fact, I probably would have sold it all by now. The question is whether it's still worth it to buy gold now at $1800+, thinking it will be a good investment over the next 20 years or so.