Do any WF'ers invest in Gold?



I started this last year :: http://www.wickedfire.com/shooting-shit/134674-investing-gold-silver-way-too-late.html

Still haven't broken even but I'm holding this for a long time and not a rapid trader so it was more of a diversification move for me and to get my feet wet. I could have made that money grow way more instead of watching it flux but it was still a good excercise and not my last dough so if it goes bust (which it probably won't) I'm good. I don't have predictions and don't follow anyone because they're all wrong at certain points and all right at others. If you trade the shit daily there's lot's of opps but if you take physical just stash and forget about it as the charts take you for emo rides if you let them.
 
Basically, we're in the end stage of a massive, thirty or forty year credit and monetary expansion. The U.S., and consequently the rest of the world, are locked into a fiat currency blowout. Regardless on how dramatically that resolves itself, both gold and silver will do very well. History is littered with fiat currencies and they always end, usually with a parabolic expansion of the currency, loss of faith, and devaluation. Wealth returns to traditional stores of value, such as precious metals.

So yeah, gold and silver are the biggest no brainer, and potentially best, investment in a long time. Buy physical as much of possible, at least as a core position. GLD and SLV are potentially shady, and I would look more at trusts like GTU, CEF, PHYS and PSLV if you want ETFs. Hold until the shit gets wild and sell during the crazy, volatile blow off top at the end of the bull market. Put the money in real estate, arable farmland, etc. But we're still a ways from that, apparently. The financial oligarchs seem remarkably effective at holding this house of cards together.

The preceding is solely my opinion, and should not be taken as investment advice, or even as a suggestion that I have any idea what the fuck I'm talking about. Seems pretty obvious though.
 
I buy silver (Have a little bit of gold).

As a side business I started my own 'we buy silver' company to build my silver stocks below spot.

The returns can be great as long as you don't buy it all at a high point. Selling during the peaks, buying during the dips is quite profitable and fun :)

Now I'm in about 1/2 numismatic and 1/2 bullion.
 
IMO, Gold will always be a good long-term investment for 2 simple reasons:

- Limited quantities on earth
- The 2 biggest countries (China & India) are big time consumers.

Like most analysts say, investing 10-15% of one's portfolio in gold is generally a smart move.
 
Real estate would be my #1 investment
Stocks & Mutual funds would be my #2
Coins/PMs would be my #3.

#1 and #3 are real fun because you can build a model that buys them both below market value, producing instant equity. Stock/Bonds you just can't do that.
 
Anyone have good reading material on the basics of buying / selling precious metals? I don't know anything about it, but I heard that silver is the one to get into.

Mike Maloney wrote a pretty good book on the basics for Rich Dad.

David Morgan for silver.

Turd Ferguson on PMs

Eric Janszen at itulip.com for general macro econ trends. Very smart guy.
 
Sovereign Man says Gold's about to cool off for a bit because of all of the "we buy gold" stores that are up 1000% in every country on earth right now.

Of course his answer is to buy farmland in Ecuador, so I'm just totally torn right now. ;)
 
Are you really going to make me do this again. I don't want to, but it's kinda my duty.

forum
 
if my wealth cycle predictions are accurate, this is about the time you flip all of your gold and buy real estate
Yep.

But don't flip all your gold. Always worth having some around :)

You don't think RE has another crash around the corner? Seems like it has to crash a min of 1 more time - at least in markets like SoCal (OC,LA).

If buying Gold I would think, being the bubble it is in, you would want to buy some insurance (LEAP Puts or whatever) against physical or non-physical portfolios. Even if way out of the money, just for protection against severe movements.