Gold is now a bad investment. - Page 5 - The Orange Mane

chadta · 02-18-2011, 04:46 AM

Quote:

Originally Posted by Odysseus

I am moving down by Baja. I don't want to be a snack on the road to finding the rich people.

as long as the lady next door has 19 cats im safe for awhile, they should at least provide enough food to distract people while i make a run for it.

baja · 02-18-2011, 04:56 AM

Quote:

Originally Posted by mhgaffney

Let's hope the starving people show up at the door of the richest 1% -- and eat them for lunch.

It would do the 1% justice -- for what they have done to the poor -- and the earth.

You miss that we are all one being. Separation is an illusion. "The first shall be last and the last shall be first"

This is why you get so angry.

What do you think the unused 90% of your brain is for, after all there are no wasted parts in the human body.

baja · 02-18-2011, 04:57 AM

Quote:

Originally Posted by chadta

as long as the lady next door has 19 cats im safe for awhile, they should at least provide enough food to distract people while i make a run for it.

You will be much easier to catch than a cat

Odysseus · 02-18-2011, 05:03 AM

Quote:

Originally Posted by chadta

as long as the lady next door has 19 cats im safe for awhile, they should at least provide enough food to distract people while i make a run for it.

Cats are too stringy even with marinade. The way things are going you might want to look into a Tom and Jerry stew. (cat and rat)

Odysseus · 02-18-2011, 05:19 AM

Quote:

Originally Posted by baja

You miss that we are all one being. Separation is an illusion. "The first shall be last and the last shall be first"

This is why you get so angry.

What do you think the unused 90% of your brain is for, after all there are no wasted parts in the human body.

It's too bad more people do not get the larger connections.

chadta · 02-18-2011, 05:21 AM

Quote:

Originally Posted by baja

You will be much easier to catch than a cat

no way, im smart like OX, strong like einstein, angry mob never catch me

Meck77 · 02-23-2011, 09:51 AM

Political unrest sending Gold higher.

http://www.monex.com/gvi?pageid=insi...eid=1017&cat=1

Is the political unrest spurring commodity price inflation?
*Forbes, by Robert Lezner, February 21, 2011:
"The violent stand-off in Libya and elsewhere in the Middle East has triggered renewed speculation in precious metals and crude oil prices.

The price of gold jumped $17.60 an ounce today to $1406 an ounce– much nearer its previous peak over $1420. Silver, as well, jumped over $2.00 an ounce to $33.91, precisely the scenario to make silver traders ecstatic. Meanwhile, crude oil, the commodity most directly affected by the intense political unrest, ran up over 5% in price in London to $107.60 a barrel. The last time oil sold at this level was in 2008, just on the eve of an approaching bubble at the $148 a barrel level.

Arkie · 02-23-2011, 10:45 AM

Quote:

Originally Posted by baja

The guy gnawing on your leg for protein will be your most immediate concern.

Even if 20 % of the people plan ahead and store up food and supplies can you imagine what five and one half billion starving and sick people would look like out the kitchen window.

Odysseus · 02-23-2011, 12:31 PM

Quote:

Originally Posted by Arkie

I'm not. The only thing about gold that I'm more sure of than breaking the $2000 barrier, is that it's very volatile. Guessing the timing is like guessing who's going to win MNF tonight. (Go Broncos!) If you sell over $2000, then anything under, even $1999 is a good buy. $850 is a great buy, but I'm not going to risk what I have to get it. I'm just not as confident that we'll see $850 before $2000. I think it will happen, but not enough to risk it, or pay capital gains taxes, or pay the premium to buy it back. It's a lot easier to bet on the underdogs tonight and take the points. lol

Even if you could time travel back in time and offer yourself advice. Something always ends up happening to foul up the future. That is why it's called speculation. I don't think there are any real magic numbers. The reason I think gold is a buy is because of GLOBAL uncertainty. America's currency has been the currency of choice for geneations. If a country wants to migrate away from dollars or stay with dollars what else is there?

Meck77 · 02-23-2011, 12:40 PM

Sure it's speculative. What isn't. Does it make sense to bank on a couple hundred year old currency that is being printed faster than monopoly money or a commodity that has been sought after since ancient times?

baja · 02-23-2011, 02:11 PM

My my my how our views change.

baja · 02-23-2011, 02:12 PM

Who wants to know what the next great investment will be?

Arkie · 02-23-2011, 02:24 PM

Quote:

Originally Posted by baja

Who wants to know what the next great investment will be?

Rare Earths?

baja · 02-23-2011, 02:28 PM

http://www.preparedplanet.com/Storag...s.html#EVLSeed

baja · 02-23-2011, 02:30 PM

chadta · 02-23-2011, 02:59 PM

http://www.bloomberg.com/news/2011-0...y-concern.html

Prices rose from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles gained 163,000 barrels to 345.8 million. April oil advanced $3.32, or 3.5 percent, to $98.74 a barrel in electronic trading at 4:32 p.m.

Gas is up almost 30 cents a gallon, oil is up 15 bucks a barrel, yet the supplies here are still gaining.

Meck77 · 03-01-2011, 04:35 PM

mhgaffney · 03-01-2011, 05:36 PM

Silver just hit $34.70/ounce.

It was $19/ounce last July.

Arkie · 03-09-2011, 09:01 PM

Quote:

Originally Posted by Meck77

Gold is up 40% since the OP stated it's overpriced and the bubble will burst. The next 40% increase will be quicker and steeper and put it over $2000. Even if gold is in a bubble, you can see from your chart that it still has a long way to go. Bubbles make parabolic moves which hasn't happened yet. This has been a slow building base which means it will be huge.

mhgaffney · 03-09-2011, 10:19 PM

Quote:

Originally Posted by Garcia Bronco

It's over bought and over priced and the bubble will burst.

Carry on.

No -- the bubble happened in the dot coms -- and again in real estate.

We are not seeing a bubble in gold and silver. The spiking price/ounce of each is a measure of the weak dollar.

As the dollar deteriorates -- the value of precious metals will soar.

Odysseus · 03-11-2011, 04:35 AM

I am more worried about the dollar being valued too highly than gold. There is nothing propping up the dollar but people we owe money to.

baja · 03-11-2011, 05:50 AM

Quote:

Originally Posted by Odysseus

I am more worried about the dollar being valued too highly than gold. There is nothing propping up the dollar but people we owe money to.

The main thing propping up the dollar is the fact it's the oil currency. If that were to change watch out.

Williams · 03-11-2011, 08:25 PM

Quote:

Originally Posted by baja

The main thing propping up the dollar is the fact it's the oil currency. If that were to change watch out.

Do you think it might? Do you think gold and silver are still wise investments?

I was thinking about getting into gold around '06 and ended up putting it off and eventually thought the ship sailed and I missed my shot. What a mistake. My interest has picked up again in the past few weeks and I might finally jump in (gold and/or silver). I've read many good things about silver... but it's volatility might scare me off.

baja · 03-11-2011, 09:21 PM

Quote:

Originally Posted by Williams

Do you think it might? Do you think gold and silver are still wise investments?

I was thinking about getting into gold around '06 and ended up putting it off and eventually thought the ship sailed and I missed my shot. What a mistake. My interest has picked up again in the past few weeks and I might finally jump in (gold and/or silver). I've read many good things about silver... but it's volatility might scare me off.

I think the USA will go to war before it allows any shift from the policy Kissinger orchestrated requiring oil be bought for in dollars only because it would crash the dollar and crash the economy.

As for gold & silver I never thought of them as an investment but rather a place to safety store assets durning uncertain times.

I would not hold dollars today and I would be leery of the market unless you really know what you are doing. I believe it is manipulated to rise and fall with those in the know buying and selling on Que..

JJJ · 03-12-2011, 12:19 AM

If hedging is your primary goal you may want to hedge your dollar risk by buying a basket of currencies. This strategy wouldn't have the bubble risk of gold which in my opinion does exist to some degree.

I don't see gold dropping rapidly but it doesn't have too much left to climb.

02-23-2011, 09:51 AM	#107
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,312	Political unrest sending Gold higher. http://www.monex.com/gvi?pageid=insi...eid=1017&cat=1 Is the political unrest spurring commodity price inflation? Forbes, by Robert Lezner, February 21, 2011: "The violent stand-off in Libya and elsewhere in the Middle East has triggered renewed speculation in precious metals and crude oil prices. The price of gold jumped $17.60 an ounce today to $1406 an ounce– much nearer its previous peak over $1420. Silver, as well, jumped over $2.00 an ounce to $33.91, precisely the scenario to make silver traders ecstatic. Meanwhile, crude oil, the commodity most directly affected by the intense political unrest, ran up over 5% in price in London to $107.60 a barrel. The last time oil sold at this level was in 2008, just on the eve of an approaching bubble at the $148 a barrel level. Last edited by Meck77; 02-23-2011 at 10:03 AM..*

02-23-2011, 12:40 PM	#110
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,312	Sure it's speculative. What isn't. Does it make sense to bank on a couple hundred year old currency that is being printed faster than monopoly money or a commodity that has been sought after since ancient times? Last edited by Meck77; 02-23-2011 at 12:44 PM..

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02-23-2011, 02:11 PM	#111
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,934 Adopt-a-Bronco: Buy My Book	My my my how our views change.

02-23-2011, 02:12 PM	#112
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,934 Adopt-a-Bronco: Buy My Book	Who wants to know what the next great investment will be?

02-23-2011, 02:28 PM	#114
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,934 Adopt-a-Bronco: Buy My Book	http://www.preparedplanet.com/Storag...s.html#EVLSeed

02-23-2011, 02:30 PM	#115
baja It is what it Is. Pay attention. Join Date: Apr 2001 Posts: 53,934 Adopt-a-Bronco: Buy My Book

02-23-2011, 02:59 PM	#116
chadta Atomic Meatball Keeper Join Date: Aug 2004 Location: Hamilton, Ontario Posts: 2,837 Adopt-a-Bronco: The Mc Rib	http://www.bloomberg.com/news/2011-0...y-concern.html Prices rose from the settlement after the American Petroleum Institute reported at 4:30 p.m. that U.S. crude-oil stockpiles gained 163,000 barrels to 345.8 million. April oil advanced $3.32, or 3.5 percent, to $98.74 a barrel in electronic trading at 4:32 p.m. Gas is up almost 30 cents a gallon, oil is up 15 bucks a barrel, yet the supplies here are still gaining.

03-01-2011, 04:35 PM	#117
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,312

03-01-2011, 05:36 PM	#118
mhgaffney Ring of Famer Join Date: Apr 2006 Posts: 9,782	Silver just hit $34.70/ounce. It was $19/ounce last July.

03-11-2011, 04:35 AM	#121
Odysseus Fan of the home team Join Date: Dec 2002 Location: Durango, Colorado Posts: 12,107 Adopt-a-Bronco: Mark Schlereth	I am more worried about the dollar being valued too highly than gold. There is nothing propping up the dollar but people we owe money to.

03-12-2011, 12:19 AM	#125
JJJ Ring of Famer Join Date: Jun 2007 Location: Confederation Helvetica Posts: 2,957 Adopt-a-Bronco: None	If hedging is your primary goal you may want to hedge your dollar risk by buying a basket of currencies. This strategy wouldn't have the bubble risk of gold which in my opinion does exist to some degree. I don't see gold dropping rapidly but it doesn't have too much left to climb.