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| View Poll Results: Which is worse...? | |||
| Cold Cards |
   
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3 | 7.14% |
| Suckouts |
  
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21 | 50.00% |
| Coinflips |
  
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18 | 42.86% |
| Voters: 42. You may not vote on this poll | |||
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#12
10-18-2005, 04:27 AM
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Re: Will the price of GOLD hit $500 before the end of the year?
Not yet. I really dont follow commodities and wanted to see what the publics opinion was.
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#13
10-18-2005, 12:24 PM
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Re: Will the price of GOLD hit $500 before the end of the year?
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[ QUOTE ] seeing how the fed is bent on doing everything to keep inflation low, gold is not a good bet now. [/ QUOTE ] Is this sarcasm? [/ QUOTE ] umm... no. i believe the fed will raise the rates to kill all inflation, and gold will not hit $500.
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#14
10-21-2005, 04:02 PM
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Re: Will the price of GOLD hit $500 before the end of the year?
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dumb question, but how exactly do i buy gold? [/ QUOTE ] You can buy it at most coin shops, where the price may or may not be competitive. I buy mine online at www.goldmastersusa.com They have been very reliable for me.
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#15
10-23-2005, 04:21 AM
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Re: Will the price of GOLD hit $500 before the end of the year?
How do you turn around and sell gold? Buying coins doesn't seem to me like the most comforting of investments. Is it really liquid enough to treat it like a cold investment?
(I don't have any experience in investing in gold)
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#16
10-23-2005, 11:53 AM
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Re: Will the price of GOLD hit $500 before the end of the year?
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How do you turn around and sell gold? Buying coins doesn't seem to me like the most comforting of investments. Is it really liquid enough to treat it like a cold investment? [/ QUOTE ] Some people buy coins and/or bars and stick them in a safety deposit box. The Goldmasters link in an earlier post is just one of many companies that will buy/sell them from/to you. You could also trade/hedge gold on the futures market.
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#17
10-24-2005, 01:14 AM
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Re: Will the price of GOLD hit $500 before the end of the year?
dumb question, but how exactly do i buy gold? As sniper said you can buy gold futures but futures have large variance. Buying physical gold has a large transaction cost so it's not a good idea unless you want to hold on to it for a long time (unless you're part of an anti government militia). A longer term approach would be to buy gold mining stocks Also, this way and you can get an extra edge if you're good at picking stocks. However the correlation of gold/stock price movement will not be perfect in this case.
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#18
10-24-2005, 06:24 PM
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Re: Will the price of GOLD hit $500 before the end of the year?
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#19
10-25-2005, 08:15 PM
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Re: Will the price of GOLD hit $500 before the end of the year?
The funny thing is how little the Fed is actually doing:
Here is what they are doing: 1. Talking a good game about fighting inflation while pumping liquidity into the system- a move that is inflationary. 2. Raising rates 1/8 and 1/4 at a time in the face of the biggest PPI number/inflation since 1974. Most readers here were not yet 10 years old in 1974. 1974 was bad-- no growth, inflation, and a huge runup in gold prices. The Fed will kill real estate appreciation-- maybe-- but without substantial rate increases, "fighting inflation" is a joke. If annualized inflation is 12% and mortgages are 5%, you are generally dumb to NOT borrow that cash unless you see inflation trending down. By the time this is over we are going to have severe inflation-psychology: no one savings, people dumping dollars into "real stuff" as soon as they get it, huge wage hikes that do translate to more purchasing power, the old spiral. This is likely going to end very badly.
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