Gold Buying And Investing Article In The Wsj

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Author	Replies: 6 / Views: 2,169
carmykle Pillar of the Community United States 2448 Posts	Posted 03/15/2011 12:18 pm Don't know if many of you saw this article in the WSJ "Report" section yesterday. But it's a pretty good article taking both Pro and Con positions for investing in gold. I really enjoyed the piece. That's the Monday, March 14, 2007 WSJ with the picture of a Tsunami Survivor on the front page. Report this Post to the Staff

Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 03/15/2011 2:51 pm Carmykle love that quote, makes much sense. My dad always says your stuck here for however long, might as well at least be comfortable while you are here, instead of worrying where the next dollar or meal will come from.... Do you have a link for that article? My brain does not compute Wall street journal or anything any longer in paper form, lol.... If not key points you recall on the pros an cons, an I would love to hear an argument for the cons.... Report this Post to the Staff
MINT_MARQ Pillar of the Community United States 1000 Posts	Posted 03/16/2011 07:03 am Here is a link to the article. It was set up as a Pro vs Con with two writers writing side by side points. WSJ Buy Gold WSJ Don't Buy Gold The "Don't Buy Gold" guy is making a point, much like Warren Buffet made in an interview a few weeks ago. Buffet said something like, I never understood buying gold. You buy a bunch of it an then what...you just look at how pretty it is. Given the choice between a $100,000 worth of gold and $100,000 worth of farm land...As an investment, Buffet would take the land...Atleast he could grow something on it if he wanted. Report this Post to the Staff
carmykle Pillar of the Community United States 2448 Posts	Posted 03/17/2011 11:22 pm Thanks MINT MARC, I tried to get the link but I'm having problems with the WSJ site. I'm actually having to stop delivery and cancel the paper to restart my account to correct the problem. Makes no sense to me either. I pretty much agreed with the Pro Side, which basically says gold should be a part of every one's portfolio. In addition to what MINT MARC said the biggest problem he had was the moral issue. I must be Amoral. I thought it an easy read on fundamentals everyone could enjoy. Report this Post to the Staff
Piffin Valued Member United States 299 Posts	Posted 03/20/2011 2:35 pm I believe that the reason WB said he would rather own US farmland is not a negative comment against gold, but simply a positive comment FOR farmland, given that food commodities over the next ten years are likely to quadruple in price. It makes sense in a scenario like that - you can sell ten crops in ten years, making back your original investment and more, and still have the land. To compare that to gold, you would have to sell the shine and keep the gold, something the US dollar did very well for a couple of generations, LOL Report this Post to the Staff
oblakavshtanax Pillar of the Community United States 757 Posts	Posted 03/20/2011 5:01 pm well, WB... gold is just like most investments. hold it until you make some profit, then transfer the profits into something else that will hold its value. why not buy gold (if you got in 5 yrs ago that is) and sell soon and buy land? WB has a unique perspective because he is so wealthy he doesn't need to be concerned with working his way up. i'd wager many of us here do. metals is the easiest and most dangerous way to do that. Report this Post to the Staff
vinnycoin Valued Member Canada 442 Posts	Posted 03/21/2011 01:01 am great article, thanks for the link! Report this Post to the Staff
	Replies: 6 / Views: 2,169

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