Gold is now a bad investment. - Page 18 - The Orange Mane

Meck77 · 02-13-2012, 06:46 AM

I see the gold thread is getting tainted with paper.

Odysseus · 02-13-2012, 11:11 AM

Quote:

Originally Posted by Arkie

Keep track of the VIX (fear index) Fear had been low all year, but it shot up Friday. Stocks sell off when the fear goes up.

VIX is a pretty smart indicator to track.

AAPL shot up 1.50% so far. VIX is down 6.45% so far today. Gold is up and Silver is up.

I know...it's only Monday!

Odysseus · 02-13-2012, 11:12 AM

Quote:

Originally Posted by Meck77

I see the gold thread is getting tainted with paper.

Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

Garcia Bronco · 02-13-2012, 11:36 AM

Quote:

Originally Posted by Odysseus

Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

That's all shiat IMO. Those ETF's like GLD don't actually have the gold to cover the paper...and what good is that going to do you if you actually need the gold?

Odysseus · 02-13-2012, 12:24 PM

Quote:

Originally Posted by Garcia Bronco

That's all shiat IMO. Those ETF's like GLD don't actually have the gold to cover the paper...and what good is that going to do you if you actually need the gold?

Understood! It depends on what you want to do.

What would you do with a bar of gold if you had one? What situation would happen where gold would benefit you?

Garcia Bronco · 02-13-2012, 12:32 PM

Quote:

Originally Posted by Odysseus

Understood! It depends on what you want to do.

What would you do with a bar of gold if you had one? What situation would happen where gold would benefit you?

A rare situation to be sure.

Odysseus · 02-13-2012, 01:06 PM

Quote:

Originally Posted by Garcia Bronco

A rare situation to be sure.

True. I like to get people's perspectives on this.

I don't mind investing in other people. I think there is an art to it. A friend of mine is getting a consistent 17% annual. I posted this before and was flogged.

http://www.prosper.com/

Meck77 · 02-22-2012, 09:32 AM

Quote:

Originally Posted by Odysseus

Hamilton would be so proud!

The best way, in my opinion, to invest in gold is as paper (ETF, ETN, etc.)

Really. Well Obama is about to sink his teeth into the paper trader pockets.

http://online.wsj.com/article/SB1000...Tabs%3Darticle

Arkie · 02-22-2012, 11:12 AM

Gold has soared to $1772 in a span of minutes.

Odysseus · 02-22-2012, 02:11 PM

Quote:

Originally Posted by Meck77

Really. Well Obama is about to sink his teeth into the paper trader pockets.

http://online.wsj.com/article/SB1000...Tabs%3Darticle

After getting donkey punched like that it is hard not to get pissed at this stupid move.

Odysseus · 02-22-2012, 02:12 PM

Quote:

Originally Posted by Arkie

Gold has soared to $1772 in a span of minutes.

I'm RIIIIICH BIOACTH!

alkemical · 02-22-2012, 02:29 PM

Congrats Ody!

Odysseus · 02-22-2012, 03:12 PM

Quote:

Originally Posted by alkemical

Congrats Ody!

I am kidding!

Odysseus · 02-23-2012, 11:11 AM

Quote:

Originally Posted by alkemical

The Cult of Apple!

I kind of figured out what Baja's secret friend is doing. I like his strategy. If it works I need to fly down to Mexico and thank Baja's secret friend personally.

alkemical · 02-23-2012, 11:20 AM

Odysseus · 02-23-2012, 11:34 AM

Quote:

Originally Posted by alkemical

werd

Maybe I should thank him secretly?

alkemical · 02-23-2012, 11:42 AM

Quote:

Originally Posted by Odysseus

Maybe I should thank him secretly?

Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $.

baja · 02-23-2012, 11:43 AM

I except gold and seeds

alkemical · 02-23-2012, 11:43 AM

Maybe one day some of ya'll can share some secrets with me.

baja · 02-23-2012, 11:46 AM

Quote:

Originally Posted by alkemical

Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $.

My (secret) friend has the mediphysical figured out. He waked into a casino a few years back and was playing one of the big pay slots was about to leave and his gut told him to play one more pull. He won 1.5 million that next pull.

alkemical · 02-23-2012, 11:50 AM

Quote:

Originally Posted by baja

My (secret) friend has the mediphysical figured out. He waked into a casino a few years back and was playing one of the big pay slots was about to leave and his gut told him to play one more pull. He won 1.5 million that next pull.

So what you're saying is i need to come to baja for some dinner & convo.

Odysseus · 02-23-2012, 12:01 PM

Quote:

Originally Posted by alkemical

Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $.

Investment strategy:
Get a paper route. Save $1000 a month from the paper route. At the end of the year you have $12,000 to invest. Put the money with a trading account. Do this for three years. At the end of three years you have studied the market three years, saving $36,000, talked to numerous people about crap you know nothing about and then, by some miracle you will have defeated inertia and have a stake at the big table. Viola!

I am not a savvy stock trader. I am not a brilliant investment strategist. I am not anybody. I'm just a dude learning this crap same as anybody here. Most people don't want to admit they don't know crap about the market. Many of my mentors have come back to me with humbling stories and asked ME for investing advice. The trick is destroying inertia.

I have had several opportunities to be a millionaire just like you have. Who knows where I could be if I had at least THOUGHT about investing in Microsoft, Apple, or Google early in their inception.

It takes humility to learn this crap. You have to be willing to ask the biggest and dumbest questions you can imagine.

I have a secret friend who is creating his own bank. He is a very private person who is being mentored by some very influential people. He is going to take special care of the investors, like myself, who have invested early. It's like having imaginary friends only better.

Odysseus · 02-23-2012, 12:03 PM

Quote:

Originally Posted by alkemical

So what you're saying is i need to come to baja for some dinner & convo.

ROAD TRIP!

baja · 02-23-2012, 12:05 PM

Quote:

Originally Posted by alkemical

So what you're saying is i need to come to baja for some dinner & convo.

You are always welcome Josh, you know that.

BTW the slot machine story is true and it wasn't me darn.

baja · 02-23-2012, 12:07 PM

Quote:

Originally Posted by alkemical

Tithing works.

I wish i knew more about investing, but i don't. At this point, the crappy part is - between trying to run a marketing campaign, the business is expanding, and handling sales also, i'm just too busy & poor to play - not to mention i'd be better off going to the casino and winning my $.

Actually Tithing is a huge part of my friends success. I never meant a more generous man, ever!

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02-13-2012, 06:46 AM	#426
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,312	I see the gold thread is getting tainted with paper.

02-22-2012, 11:12 AM	#434
Arkie Ring of Famer Gggggrrrrrr rrrraaaahhh Arrrrhhhn. Join Date: Oct 2003 Posts: 9,083 Adopt-a-Bronco: Quinton Carter	Gold has soared to $1772 in a span of minutes.

02-22-2012, 02:29 PM	#437
alkemical Guerrilla Ontologist rorrim\|mirror Join Date: Apr 2001 Location: Future Posts: 42,696 Adopt-a-Bronco: Prima Materia	Congrats Ody!

02-23-2012, 11:20 AM	#440
alkemical Guerrilla Ontologist rorrim\|mirror Join Date: Apr 2001 Location: Future Posts: 42,696 Adopt-a-Bronco: Prima Materia	werd

02-23-2012, 11:43 AM	#443
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,907 Adopt-a-Bronco: Buy My Book	I except gold and seeds

02-23-2012, 11:43 AM	#444
alkemical Guerrilla Ontologist rorrim\|mirror Join Date: Apr 2001 Location: Future Posts: 42,696 Adopt-a-Bronco: Prima Materia	Maybe one day some of ya'll can share some secrets with me.