Gold is now a bad investment.

[Fedaykin]

Gold going down (3% as of this post) today is pretty much the last thing I expected...

[Meck77]

Originally Posted by Fedaykin

Gold going down (3% as of this post) today is pretty much the last thing I expected...

It's a bit of profit taking. If the last oh 50 years tells us anything congress will raise the debt ceiling and gold spikes.

Or they don't raise the debt ceiling and chaos starts to set in on our BS economy, stocks tank, and big investors move to gold and gold spikes.

OR ak1971 is right and gold goes to 1,000 because congress fixes our economy I guess is his theory.

[Meck77]

Fedyakin....Gold also reacted to the reduction in spending from the shut down. Now reality is setting in and the stock market is getting beat down, gold up. I don't worry about the short term reactions. It's the long term trends that matter and of course the bigger dips and valleys if you can see them to take profits or buy more.

Originally Posted by Meck77

If...if..if....

Any investment is a sucker bet if you don't play the peaks and valleys correctly.

BTW....I'm calling Bernakes bluff that he will be ending QE soon. I don't think they can or will.

Interesting times ahead! Bubble bubble bubble...pop...bubble bubble bubble pop!

The above post was from July.

Now in a desperate attempt to stabilize the fiat market the fed leaks this out. Market might bounce a couple hundred points then they will start yapping taper talks again. It's all ****ing BS.



TODAY


The Federal Reserve should reduce the pace of its bond-buying only very slowly “over the next several years” to make sure that the economy is on track of solid growth and moderate inflation, a Fed official said on Wednesday.

.http://www.marketwatch.com/story/tap...ren-2013-10-02

[ak1971]

Originally Posted by Meck77

Fedyakin....Gold also reacted to the reduction in spending from the shut down. Now reality is setting in and the stock market is getting beat down, gold up. I don't worry about the short term reactions. It's the long term trends that matter and of course the bigger dips and valleys if you can see them to take profits or buy more.

My prediction still is there $1K before $2K. Great 2013 gold heads

[Meck77]

Gold is a hedge AK. Your prediction of gold 1k or 2k doesn't mean all that much. Your chart assumes someone who invested in March 2013 and the price today lost money. Sure if they bought in march and sold now.

From what I know of you and what you admit is that you like to get in and out of markets. That's all good. One could have done that with this chart also!

Back to gold being a hedge or diversification tool. Today everything is getting pounded down almost 1% and gold is the only thing up 1%.

One can play the paper market quickly and you can even buy/sell buillion if you want. I've purchased under priced physical and held/flipped.

I welcome 1k gold or 2k gold. Really doesn't matter to my plan....

[ak1971]

just pulling this up to see how the investment in gold is going?

[Arkie]

Finally, gold will finish the year lower than it started. It's the first time in 13 years. This thread was bound to be right one of these years.

[mhgaffney]

Originally Posted by Arkie

Finally, gold will finish the year lower than it started. It's the first time in 13 years.
This thread was bound to be right one of these years.

What's happening with gold does not mean gold is a bad investment. Just the opposite.

Of course, by the time you wake up to this -- it'll be too late (for you).

MHG

[ak1971]

Originally Posted by mhgaffney

What's happening with gold does not mean gold is a bad investment. Just the opposite.

Of course, by the time you wake up to this -- it'll be too late (for you).

MHG

whats the better investment? Zyklon B?

[Garcia Bronco]

Originally Posted by Arkie

Finally, gold will finish the year lower than it started. It's the first time in 13 years. This thread was bound to be right one of these years.

You're still missing the point of the OP from 4 years ago.

At 1800 an ounce...how much can the average person buy? About none...and certainly not enough to make it worth "investing" in gold.

[Garcia Bronco]

Originally Posted by ak1971

whats the better investment? Zyklon B?

Raw Lithium.

[broncocalijohn]

Originally Posted by ak1971

whats the better investment? Zyklon B?

tin foil.

[DenverBrit]

Originally Posted by ak1971

whats the better investment? Zyklon B?

For Gaffney?

Mini Nukes or Thermite.

[Fedaykin]

Almost 4 months in to Arkie's "challenge" and here are the results:

DOW: Up 9%
NDQ: Up 14%
S&P: Up 11%

Gold: Down 10%

Could easily have been the reverse, no doubt. Which is why what I said before I'll say again: Investment is NOT picking something (ESPECIALLY ONE THING) and hoping it goes up. Investment is a process of constantly evaluating all opportunities and working to maximize return and minimize risk.

[mhgaffney]

The heavy hitter prophets of the OM have spoken.

Fortunately, I don't rely on the OM to understand the gold/silver market. Check out this latest interview with futurist Gerald Celente -- who is now making predictions about 2014...

He makes a lot of sense to me.

http://www.kingworldnews.com/kingwor...d_Celente.html

[Requiem]

Originally Posted by mhgaffney

The heavy hitter prophets of the OM have spoken.

Fortunately, I don't rely on the OM to understand the gold/silver market. Check out this latest interview with futurist Gerald Celente -- who is now making predictions about 2014...

He makes a lot of sense to me.

http://www.kingworldnews.com/kingwor...d_Celente.html

That website looks like it was designed in 1997. GROSS.

[DenverBrit]

Originally Posted by mhgaffney

The heavy hitter prophets of the OM have spoken.

Fortunately, I don't rely on the OM to understand the gold/silver market. Check out this latest interview with futurist Gerald Celente -- who is now making predictions about 2014...

He makes a lot of sense to me.

http://www.kingworldnews.com/kingwor...d_Celente.html

Of course he does.

[Requiem]

Originally Posted by DenverBrit

Of course he does.

Give your honest opinion on clairvoyance.

[DenverBrit]

Originally Posted by Requiem

That website looks like it was designed in 1997. GROSS.

With all of the tens of millions he must have made from his 'predictions', you have to wonder why he didn't spend more than $38 designing his website.

[DenverBrit]

Originally Posted by Requiem

Give your honest opinion on clairvoyance.

I don't buy into it. Do you?

[ak1971]

Originally Posted by Fedaykin

Almost 4 months in to Arkie's "challenge" and here are the results:

DOW: Up 9%
NDQ: Up 14%
S&P: Up 11%

Gold: Down 10%

Could easily have been the reverse, no doubt. Which is why what I said before I'll say again: Investment is NOT picking something (ESPECIALLY ONE THING) and hoping it goes up. Investment is a process of constantly evaluating all opportunities and working to maximize return and minimize risk.

Here's my picks for that challenge.
FNMA up 150.82% (8/30)
DZZ up 16.95% (9/20)

not too shaby

[Arkie]

Originally Posted by ak1971

excellent post. my gamble pick for the next 6 mo is FNMA been riding it up and down like a cheap whore. if by some wild chance it ever comes out of conservatorship and gets relisted...well a guy can dream

Didn't see this. Good pick!

[ak1971]

Just stopping into say hello. keep hedging gold , bit-coins or whatever else


btw..did you see me front running the not too shabby comment?