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Pillar of the Community
United States
2424 Posts |
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Pillar of the Community
United States
4212 Posts |
like mine?  |
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Pillar of the Community
United States
6326 Posts |
Can I have that ? ......  |
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Pillar of the Community
United States
2120 Posts |
"one point twenty-one jigawatts!" LOL that cracks me up every time.
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Pillar of the Community
United States
1409 Posts |
Well, I own precious little gold, just a couple of 1/10th oz pieces. BUT - were gold to hit $2k or even $3k, all of my silver and off our our classic coinage would also increase in value as long as the gold/silver multiple holds true.
Of course, with good comes bad. I believe that some crazy inflation and devaluation of the dollar has to happen as well in that scenario.
Buy your food seeds now! LOL - just kidding.
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Pillar of the Community
United States
5822 Posts |
That link no longer available.
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Pillar of the Community
 United States
2424 Posts |
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Valued Member
United States
213 Posts |
Gold would never go that high.
It is currently in a bubble, so prices will be wild for a few more years, but jumping to 3000 and ounce is almost impossible. I just wish the bubble would burst so I could buy some double eagles for 400$ again.
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Bedrock of the Community
United States
19931 Posts |
Look at the 30 year trend for gold....really....nothing more needs to be said.  Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad
04/30/2010 3:29 pm
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Pillar of the Community
Canada
3692 Posts |
Silver hasn't been at a steady ratio to gold for decades. Don't bet on them being even for long. If you're going to get into gold and silver you'd already do it by now because the prices can only go up. Silver is trickier though since it's manipulated. A tiny slip in price can mean a lot to an investor.
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Pillar of the Community
United States
1882 Posts |
Quote:
nothing more needs to be said. Badthad, when I look at long term gold charts, I see a not-so-good investment. If it wasn't for the run-up the last 3 years, it would be a loss. What do you see? |
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Pillar of the Community
United States
3294 Posts |
I see a material that has limited industrial uses. Personally, I think it is a bad time to buy metals, and a much better time to by agricultural futures, since the cost of oil is not going down any time soon and the cost of agricultural production goes up as oil does.
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Pillar of the Community
United States
3098 Posts |
nah, it's time to load up on ammunition and rifles :P
Yeah, I think the price right now for the short term is really unstable. Not much industrial uses.. basically it's being propped up by Greece and the other PIGS hitting the fan.
... which reminds me... I promised myself for my 18th I'd buy a Swiss K31 (to complete my Switzerland collection in another way! :D) but that hasn't happened yet...
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Pillar of the Community
United States
2661 Posts |
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It is currently in a bubble  I would not buy bullion now no matter what. There is a slim chance that I am wrong and I am willing to take that chance. $500 an oz by the next Presidential election. |
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Rest in Peace
United States
4849 Posts |
I don't see gold as an investment, but I do see it as a hedge. $3,000 is a bit extreme, but I wouldn't be surprised if it continued creeping up over the next few years, especially if we continue amping our national debt. I think it's wise to hold gold, and buy a little bit at a time; but I wouldn't drop other investments just for gold.
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Valued Member
United States
147 Posts |
Five years earlier ......... $850 in 1981 I agree a bubble.  Sorry ... actual date was 1/21/1980 Edited to add info Edited by adco1149
04/30/2010 4:45 pm
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Replies: 52 / Views: 6,403 |
Posted 04/30/2010 11:26 am
