LOL LOL LOL!
But seriously, this video explains gold better than anything else I've come across:
[ame="http://www.youtube.com/watch?v=z6NfXk7Bvc8"]YouTube- Broadcast Yourself.[/ame]
Question About Gold
- Thread starter WickedSick
- Start date
LOL LOL LOL!
But seriously, this video explains gold better than anything else I've come across:
[ame="http://www.youtube.com/watch?v=z6NfXk7Bvc8"]YouTube- Broadcast Yourself.[/ame]
For the most part, over long time, gold will hold it's value more than the ever-inflating dollar.
But it's important to realize a few things, IMO.
- Gold will not always have the same value because it's value is largely determined by fear about economic and government instability.
- Gold is much much more volatile than the dollar. If you play your cards wrong you could end up a big loser with gold. If you play right, you could be a big winner.
- The dollar has actually increased in relative value quite a bit in the last 2 years, and so has gold. This means golds value is not being increase because of inflation.. it's probably mostly due to fear of inflation, and fears of economic/government instability. And if/when the fear wanes, many gold investors will lose money. There has actually been less inflation than usual in the last 2 years.
- Think twice before getting your financial advice from Doomers who are affiliate marketers for GoldLine or other gold companies.
- Anyone paying $1200+ for an ounce of gold is betting on government collapse and/or hyper-inflation whether they know it or not, IMO. They could be right or wrong, but in my opinion the end of the world is not coming and inflation will be much slower than that over the years and the current price of gold is completely unjustified and it's in a serious fear-induced bubble.
But it's important to realize a few things, IMO.
- Gold will not always have the same value because it's value is largely determined by fear about economic and government instability.
- Gold is much much more volatile than the dollar. If you play your cards wrong you could end up a big loser with gold. If you play right, you could be a big winner.
- The dollar has actually increased in relative value quite a bit in the last 2 years, and so has gold. This means golds value is not being increase because of inflation.. it's probably mostly due to fear of inflation, and fears of economic/government instability. And if/when the fear wanes, many gold investors will lose money. There has actually been less inflation than usual in the last 2 years.
- Think twice before getting your financial advice from Doomers who are affiliate marketers for GoldLine or other gold companies.
- Anyone paying $1200+ for an ounce of gold is betting on government collapse and/or hyper-inflation whether they know it or not, IMO. They could be right or wrong, but in my opinion the end of the world is not coming and inflation will be much slower than that over the years and the current price of gold is completely unjustified and it's in a serious fear-induced bubble.
lol @ "deelia guy or whatever his name is"
Originally Posted by Dullspace
http://slow.com/readings/FUCK.html
Originally Posted by Dullspace
http://slow.com/readings/FUCK.html
Great post.
Speaking of GoldLine... from my understanding they charge around 60% commission on their prices when you can easily find it for 5-10%. So if gold is spot at $1200 they'll charge ~$1920/oz. And this is the company Glenn Beck promotes on his program. I need to get in on this.
i don't understand how inflation can ultimately be slow with the amount of low interest rate borrowing that is occurring. So long as the money supply is increasing, there will be inflation.
my philosophy is to diversify my assets. Before I got into metals I had cash, real estate, and index funds. I'm only moving about 5-10% of my wealth into metals, and I'm doing it over time. Therefore, even if metals are extremely expensive right now (and I don't believe they are), and if they lose half their value, my total portfolio will only dip 2-5%, which is acceptable to me. The additional diversification and hedge against inflation is worth that possible 2-5% loss for me. Not to mention I like having some hard assets. This is just my overall investing philosophy (get asset classes set at certain % and rebalance over time), but its been working great so far.
lmao, just heard this and it made my morning.
You should make a morning podcast of the daily troll threads and your thoughts on them and the responses.
ps. I was just kidding around. Didn't know you guys would go the serious route with questions like that.
pps. You seriously can't pronounce Deliguy? DELI-GUY
I like this one a lot
[ame=http://www.youtube.com/watch?v=1w0LOtWmy_o]YouTube - Jones on Gold and Silver[/ame]
Yeah, but then the galactic police will come looking the the stolen space bucks. The countries of the world will lie about them and say we have no stolen space bucks. And then the galaxy will shun us.