Gold

[rennigade]

You can't compare the two because if you look at the history of stocks vs. Gold. Gold has only risen to it's level in the past ten years and has been miserable since they started keeping records. Stocks have been all over the place since the early 1900's and has seen an average return between 10-12%. I would rather bank on a better historical return than a short run up.

im just going off of what DS said in his statement, to buy low and sell high. the problem is no one knows whats high. last time i posted aapl was at $340 and change. now its at $363. glad i didnt buy any at that time. $20 increase per share is a poor investment right? in another month for all we know it could be at $400...or it could be at $310, who knows?

[littleroc02us]

im just going off of what DS said in his statement, to buy low and sell high. the problem is no one knows whats high. last time i posted aapl was at $340 and change. now its at $363. glad i didnt buy any at that time. $20 increase per share is a poor investment right? in another month for all we know it could be at $400...or it could be at $310, who knows?

To confirm your assumptions just look at the 20 year history of Gold.

Gold Price History

Quit trying to time the market. Get in one and ride it out for a long time.

[yulianisakov]

you should maintain at least 4% of your portolio in gold beacuse long-term it helps hedge against inflation and a devaluated currency.

[snafu]

Gold buffs are very worried about the value of the American dollar & gold is an obvious hedge. How do you think the gov't will cover their $14 Billion debt,unfunded liabilities and the continuing cost of two concurrent wars? The advantage of gold stock is that it's 'liquid' can be sold @ market value with a few clicks on your computer. The downside as always is emotion + corruption in several production countries. I see the shark alert in Fl. and that is a great visual for the gold market. Gold coins are pretty but come with security issues, fees, illiquidity in comparison to stock and less than truthful sellers. How many of us can look at a coin and know it's base metal: god ratio?

[Dozz]

Gold should be viewed as a "last-ditch" holding rather than as a typical investment. If you purchase real 1 oz. gold coins from a reputable dealer and not all at once you stand a good chance of buying the real thing.

Gold is what you have when EVERYTHING else is worthless or gone, passed down thru generations for the same purpose. Trying to time the market with physical gold is a tough game and very expensive. Physical gold is hard to sell over the internet so market timing methods won't work either.

I like gold (who doesn't?) but I would never consider it as a part of what I consider my investment portfolio.

[Dozz]

Gold should be viewed as a "last-ditch" holding rather than as a typical investment. If you purchase real 1 oz. gold coins from a reputable dealer and not all at once you stand a good chance of buying the real thing.

Gold is what you have when EVERYTHING else is worthless or gone, passed down thru generations for the same purpose. Trying to time the market with physical gold is a tough game and very expensive. Physical gold is hard to sell over the internet so market timing methods won't work either.

I like gold (who doesn't?) but I would never consider it as a part of what I consider my investment portfolio.

[littleroc02us]

I don't! I strongly believe this past 10 year run is based solely on the weak economy we are having and everyone freaking out and buying it as protection against the dollar, but since this is the only decade in history to sharply rise per ounce the way it has, history would tell us it can't last and those who hold it should sell quickly.

[97guns]

i hold gold and am not selling anytime soon. when i bought my car in 2007 my salesman reccomended gold to me at $750, i looked at him like he was some kind of fool. $400 later i open my eyes and see whats happening in the world and finally take a position in gold, im $300 in the black in 7 months. my total metal portfolio has risen 45% inthat time with my silver holding leading the way at a 60% increase.

although i am an advocate of gold im standing pat on my holdings right now but am still adding silver at these levels.

i am a firm believer of "hard assets", i hadnt always been but with whats going on right now things look very bleak.

[littleroc02us]

i hold gold and am not selling anytime soon. when i bought my car in 2007 my salesman reccomended gold to me at $750, i looked at him like he was some kind of fool. $400 later i open my eyes and see whats happening in the world and finally take a position in gold, im $300 in the black in 7 months. my total metal portfolio has risen 45% inthat time with my silver holding leading the way at a 60% increase.

although i am an advocate of gold im standing pat on my holdings right now but am still adding silver at these levels.

i am a firm believer of "hard assets", i hadnt always been but with whats going on right now things look very bleak.

Again I understand that gold has risen ten fold in the past decade, but only in the past decade. So whatever happened to buy low sell high. Your at pretty much the highest off all time per ounce. Did you realize that 5 years ago Gold per ounce was only $600, now it's $1400. IMO Sell high!!!

[97guns]

its just outpacing inflation, thats all.

Commodity Food Price Index - Monthly Price - Commodity Prices

they say thats what gold is supposed to do, but what do i know? im just retired guy at 40 thats all.

have you guys seen the prices at the grocery store lately or are you guys ignorant and live off the Mcdonalds dollar menu. a sack of spuds at walmart went up from $1.78 last thursday when i bought one to $2.77 yesterday. wake up folks.

this inflation we are seeing is Hyper inflation. when gas hits $5 this summer a loaf of bread will be close to that.

[Snodog]

YouTube - Gold Guns Girls [Official Music Video] - METRIC

[disneysteve]

One fact that is rarely mentioned is that even the government doesn't count gold as an investment. For tax purposes, gold is considered a collectible. Rather then the 15% capital gains tax levied on investments held longer than 1 year, profits on gold are taxed at 28%, same as if you sold a painting or sculpture or other piece of art or collectible item.

[littleroc02us]

One fact that is rarely mentioned is that even the government doesn't count gold as an investment. For tax purposes, gold is considered a collectible. Rather then the 15% capital gains tax levied on investments held longer than 1 year, profits on gold are taxed at 28%, same as if you sold a painting or sculpture or other piece of art or collectible item.

Wow, I never knew that. Even more reason not to hold it.

[disneysteve]

Wow, I never knew that. Even more reason not to hold it.

The only way around that is to hold it in a tax-free account like your Roth. You can buy a gold ETF and avoid that tax hit. I'm not recommending that, but that would be the way around the tax issue.

[rj.phila]

one thing that i dont see mentioned much that really explains both points of view is that gold functions as 2 different things:

-an investment
-a store of wealth

as an investment that is intended to provide a ROI, it doesnt necessarily perform so well, if at all, depending on the time frame held. as a store of wealth, there are arguments that it functions better than other assets.