hard asset with huge gains.

[97guns]

ive gotten totally out of cash money, i dont have more than $500 in the bank and all my disposable income goes into this asset.

precious metals - gold, silver and palladium. ive been in these since july, a short 6 months and my gains are 37%

since ive bought in gold has gone up 12%, palladium has risen 27% and silver a huge 52%. on paper my portfolio has grown 31K

its a great hedge against inflation and the falling dollar and the best of all it is a hard asset, something tangible that you hold.

[KTP]

You are holding all of that gold, silver and palladium at your house? Where do you live, if you don't mind me asking? Have you thought about taking a vacation anytime soon?

[97guns]

sure come on over ask for 97 , last name guns

[Scanner]

Gold prices finished the last trading day of 2010 perched just below their record high at $1431.25, completing the tenth consecutive year of gains. Looking ahead however, the metal will face formidable headwinds as the bulls attempt to continue the advance.


The price of gold has seemingly decoupled from the risk-on/risk-off dichotomy that has ruled financial markets in the aftermath of the 2008 global meltdown, proving attractive for bulls and bears alike. While the former sought protection from inflation as the global recovery gained momentum, the latter feared paper assets would enter freefall once again, making the yellow metal broadly appealing as an alternative store of value. However, as we’ve discussed elsewhere in detail, runaway price growth looks decidedly unlikely while recent economic data suggests the US economy – the world’s largest – is finally starting to pick up momentum, making another crisis of the magnitude witnessed three years ago unlikely (though growth will probably prove far from robust).


With that said, markets trade on expectations about the future rather than the reality witnessed in the present, so what will it take to finally undo the perception that a hedge against extreme outcomes is necessary? A global rise in borrowing costs seems the likely answer. The world’s governments are awash in debt having splurged on stimulus to ward off the global credit crunch and subsequent recession. As with individuals, governments that owe more must pay higher interest rates on future borrowing as a reflection of the added risk they pose to would-be lenders. We have already seen a dramatic run-up in European bond yields, and more of the same on a wider scale is likely on tap for some time yet. The slow recovery in economic activity encourages this process: as growth picks up, firms put capital to work toward expansion, reducing the supply of loanable funds and pressuring interest rates higher. For its part, gold pays no interest, making it increasingly unattractive to investors as yields rise elsewhere. While bubbles often defy the skeptics’ admonitions, continuing to inflate long after the fundamentals point toward a reversal and making the picking of a top a dangerous endeavor, the landscape seems fertile to produce a formidable snap-back in gold prices in 2011. - IS

I have to admit - this does make a lot of sense. . .and I am a silver bug so I do get your Bullish Bias. I have the same bias but I always try to look at downside risk when making investment decisions vs. upside potential.

Remember back in the 80's when CD's were getting 13%? I can't even imagine. . .but it was true. . .just ask Grandpa. . .even if CD's get 5-7%. . .can you imagine how the shell-shocked investors from 2008 would jump all over bonds and other debt instruments? This analyst has a point. . .why bet on gold (or silver) when a bond is a sure thing?

The investor money could be moving elsewhere.

I, for one, have a trailing bottom on SLV at $24.00, that's 20% below where it is now. It's time to lock in your gains.

Sell some of it if you have it sitting around in coffee cans buried out in the backyard.

[Snodog]

You are holding all of that gold, silver and palladium at your house? Where do you live, if you don't mind me asking? Have you thought about taking a vacation anytime soon?

sure come on over ask for 97 , last name guns

[greenskeeper]

ive gotten totally out of cash money, i dont have more than $500 in the bank and all my disposable income goes into this asset.

precious metals - gold, silver and palladium. ive been in these since july, a short 6 months and my gains are 37%

since ive bought in gold has gone up 12%, palladium has risen 27% and silver a huge 52%. on paper my portfolio has grown 31K

its a great hedge against inflation and the falling dollar and the best of all it is a hard asset, something tangible that you hold.

Preaching to the choir, I am also big on precious metals.

I don't know if I would go "all in" on precious metals, but at most 20% (maybe less) of your savings is a good amount.

[97guns]

Preaching to the choir, I am also big on precious metals.

I don't know if I would go "all in" on precious metals, but at most 20% (maybe less) of your savings is a good amount.

ahh, then your a prepper too? got your food, water and bullets ?

[disneysteve]

ive gotten totally out of cash money, i dont have more than $500 in the bank and all my disposable income goes into this asset.

What percentage of your portfolio do you have in precious metals?

[97guns]

i am 25% precious metals and 75% income producing real estate.

[Mr Nice Guy]

Dont you get enough PM talk over at survivalist boards Whens doomsday coming?

[97guns]

never enough, just trying to do my part for the crash JP Morgan campaign

[Mr Nice Guy]

How is it over there these days? I cant post on that board anymore, it is too depressing. Every time I read a few threads I got all paranoid and started oiling up my firearms.

And the financial section just blows. Everybody there says you are fool to own paper assets, and gold and silver is where it is at. Funny how when I talk to truly wealthy people, they say the opposite. Have fun with your gold, guns and beans though.