Investing in Gold/Silver - way too late?



gdubs12345 said:
read about the gold bubble in 1980. Gold spiked due to world events like the iranian revolution, spike in gas prices, war in afganistan. Then it lost half its value a year or two later.

Buy Gold: What Happened to the Gold Price in 1980?

similar to whats going on now.
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Gold was traded 24/7 back then like Internet stocks during the mania. That's not happening to gold. We're not even anywhere near the top. Bookmark this thread and come back in 5 years. Then cry. Gold FTW!
 
Some of the advice in this thread is crazy, it's like the blind leading the blind. Some people who clearly have no experience are even suggesting day trading to each other. WTF?

Most of (if not all of) the volatility which you guys are talking about has already been built into the price of gold & silver. If you're going to start day trading then you need to start learning how the market really works rather than just looking at graph trends and big market news (hint, all big market news will get automatically traded into the price within seconds).

If you're planning on holding gold and silver because you think the world financial systems are going to collapse - that's fine but that's an all in play and it means you should be looking at buying land and guns as well and being 100% self sufficient - otherwise your gold/silver is going to be worthless. Personally I think that's fucking crazy but it seems to be the go to WF mindset.

If you're planning on holding gold/silver as a safe investment, I think anything more than 20% of your portfolio is too high - I usually hold around 10% in PMs.
 
Yuckystuff said:
CME just raised their margin requirements on gold, silver and copper, that's what caused the drop.
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I didn't see any announcements about raising margin requirements until the market had closed. If I'm not wrong about that then it means Monday could mean more dropping.

I saw a few articles that said silver had a record loss today. But others said it was the worst in 27 yrs or something.

I'm anti-gold for many reasons but I'd still never try to predict it. It's basically trying to predict fear. Gold could go up to $6000/oz and I would not be surprised at all.

People will tell you it's a hedge against inflation.. which it might be if it's price were near normal. But gold has gone up over 400% in the last few years, but has the value of my dollar dropped 400%? Not even close. Total inflation might be 4-15% since gold was at $400/oz, but yet gold has gone up over 400%!! We actually had deflation for a while after 2008. So gold is not protection against inflation right now, it's protection against insane hyper-inflation and the apocalypse. So have fun waiting and rooting for the apocalypse, gold-investors.

I'll be bullish on Gold when it's below $700/oz again.

Btw, historically gold usually follows the market.
 
tencentpiece said:
If you're planning on holding gold and silver because you think the world financial systems are going to collapse - that's fine but that's an all in play and it means you should be looking at buying land and guns as well and being 100% self sufficient - otherwise your gold/silver is going to be worthless. Personally I think that's fucking crazy but it seems to be the go to WF mindset.
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This ^^

We say the same thing with Y2K, and before that it was gold in the 80s, oil in the 70s, etc etc etc.. There is always some doom and gloom on the horizon that makes anyone's investment of panic seem like the only sane move.. If you are really betting on the pokyclips, then instead of buying gold you might want to invest in learning a hard trade that doesn't rely on computers or electricity.. Carpentry, mechanics, picking up heavy objects, etc..

The only gold I buy anymore is scrap from jewelry we are working on.. And I pay 70% of spot for it at most..
 
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