[fatjoez]

Not sure if anyone's noticed, but the value of gold has more than quadrupled since 2003.
Aka. invest $1Million in 2003, withdraw $4million today etc.
Since May 2009 it has risen by 30%,
put simply thats 30% interest/year.. Sure beats the 4% my bank offers..
Considering buying into the "gold rush" and wondering if anyone else is in it / considering/considered

Peace

[CollinsE90]

youd be an idiot if you bought gold right now, bc as soon as the economy stabilizes it will go back to normal, you want to buy gold when the economy is doing really well

[choicez]

I wish i bought a ton of Sirius stock on 2/11/09 at $.06. It closed at $1.09 today. Now that's a nice profit margin in a short amount of time.

Hindsight is always 20/20.

[CollinsE90]

Originally Posted by choicez

I wish i bought a ton of Sirius stock on 2/11/09 at $.06. It closed at $1.09 today. Now that's a nice profit margin in a short amount of time.

Hindsight is always 20/20.

i wish i had bought ford stock a $1.26

[fatjoez]

son of a...Sirius stock
13 Feb 2009 - 0.10
26 Apr 2010 - 1.18

thats 1100% return.........

invest 100grand pull out 1million now lol

[JayKay335i]

Bad time to buy gold.

[choicez]

Originally Posted by fatjoez

son of a...Sirius stock
13 Feb 2009 - 0.10
26 Apr 2010 - 1.18

thats 1100% return.........

invest 100grand pull out 1million now lol

2/11/09 is was $.06. i remember it dropping that low and i was so close to buying it. i got scared because i thought it would go bankrupt due to the market crashing at that time. dammit!!

[JayKay335i]

I thought Sirius was doomed and that the XM serious merger would obliterate the company completely rather than the weird combination of the two that did occur.

In reality though I think they will start to take a hit as IMHO, their service quality is decreasing and their prices are increasing. Its a monopoly.

[sb335is]

great time to buy gold

GDX is an ETF there are some other ones

us debt is 90% GDP and rising. look what it did recently due to greece... portugal and spains next....

euro will probably tank soon, dollars gunna tank. gold will rise

[ArmyBimmerDude]

Terrible time to buy gold.

[jeremyc74]

My opinion:

[Kiemyster]

most people here say not to buy gold now. I'd agree with them, but some here will argue that it still will increase..... So yeah. good luck.

[MJC///M3]

in terms of a safe play....why not? Its not like anything else is shining right now....

and I say this as GLD Is down 2% today. I think UUP is a good play....double dollar bull......good for a little pop as the Euro keeps tanking.

I have been watching DTO last few days.......might get a lil ballsy. ha

[BTM]

I would personally not buy gold right now unless you're trying to take advantage of an intra-day or intra-week correction, profitable trades are to be had sure. But to buy and hold, too uncertain for my tastes. Better conservative investments like bonds or index tracking ETFs are available

[GreenPlease]

[/QUOTE]us debt is 90% GDP and rising. look what it did recently due to greece... portugal and spains next....[/QUOTE]

Not an accurate comparison. Greece has fiscal autonomy but not monetary autonomy. Bond holders have two primary concerns: 1) being made whole 2) being made in a currency equal in value to what they lent out. Greece (or any EMU member state) provides no assurance of meeting either condition 1 or 2. Even in the worst case scenario, the U.S. can satisfy condition 1(we can print money). As can England, Japan, Russia, Norway, Brazil, Canada, etc.

The European debt crisis is unique because of the seperation of fiscal and monetary authorities and because of the nature of a single mandate central bank (inflation targeting). To my knowledge, and I'm an economist, the world has never delt with this sort of arrangement before. The results, however, are predictable. Possibilities:

1) The ECB will become a two mandate central bank and will engage in quantitative easing (printing money and buying soverign debt). This will drive inflation. The problem is that doing this would allow nations such as Greece to pillidge the savings of the Germans by simply issuing debt and expecting the ECB to buy it.
2) The ECB will not intervene and allow soverign states to default
3) The Germans decide to pull out of the EMU and the whole thing folds as a result.

The most probable outcome, IMO, is a combination of 1 and 3. The ECB will become a dual mandate CB, engage in QE, and drive inflation in the Euro zone. Meanwhile, indebted nations such as Greece,Spain, etc will take advantage of the QE to plunder the savings of countries such as Germany. This will work in the short run but in the long run the German people will be unhappy with the erosion of their buying power and consequently will desire to withdraw from the EMU.

Sorry if some of this lacks coherence or flow. I typed it on my phone between calls.

[Topless 335i]

First rule of investing: Buy low, sell high. Why would you buy it when the prices have gone up this high already?

[MJC///M3]

Originally Posted by Topless 335i

First rule of investing: Buy low, sell high. Why would you buy it when the prices have gone up this high already?

because there are those who feel this level of Gold is not "high" at all...and it will continue to appreciate greatly.

[Optherion]

Any moron could have invested in March 2009 and made a huge profit. Hell my 12 year old nephew made 100k off his birthday money. Thats not a joke either. Just about everything went up. LVS was around low 2's March 2009. Last month hit 28. Gold will most likely keep going up as nothing has prevailed to be the answer to saving our economy.

[JoosyJoos]

I'd short gold before I bought gold. That being said I wouldnt do either just yet.

[fatjoez]

and what about means of buying/selling?
Whats the safest way to actually buy/sell gold / shares?
banks?

[gonzo]

Gold 1400oz max IMO. That boat is gone. A good friend got in big at 758 last year.

Copper>Gold right now if you want a metal.

[GreenPlease]

^
Not if you look at the COT reports. Speculative interest is coming in and that's historically bearish for prices.