Join Early Retirement Today
View Poll Results: Where will the price of gold by in 5 years?
Over the next 5 years gold will out perform the SP500 by 10% or more 18 32.14%
Over the next 5 years gold will be with plus or minus 10% of the SP500 16 28.57%
Over the next 5 years gold will under perform the SP500 by 10% or more 22 39.29%
Voters: 56. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Buy low, sell high.
Old 04-13-2006, 02:48 PM   #161
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Buy low, sell high.

Indeed!** Which brings me back to the question: so what?
__________________

__________________
d is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Gold
Old 04-13-2006, 02:49 PM   #162
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: Gold

Wikipedia
__________________

__________________
Cool Dood is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 02:53 PM   #163
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,139
Re: Gold

Quote:
Originally Posted by Cool Dood
Wikipedia
Sorry, forgot to include a .

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 02:53 PM   #164
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: Gold

d'oh.. I figured I might have been missing a joke, but thought I'd be safe by just putting one word
__________________
Cool Dood is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 03:43 PM   #165
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,414
Re: Gold

HERES THE REAL TRUTH BEHIND GOLD": you would think everyone would realize that gold like other investments is worth buying when its worth buying andnot worth buying when its not in favor..id call gold an investment with a personality proble....lets see it goes up when the dollar goes up,well that is until it dosnt...it tracks oil,,,weell until it dosnt ,,,it tracks the cpi ,,,well until it dosnt,,,its a heavily used jewelry and industrial metal,,,well until its not.......
so what makes gold valuable?..the fact is now its been golds turn to go up for all the above reasons and none of the above reasons...as an investor who cares the reason....im enjoying my almost 90% gains in a little under 4 years........
hope that clears it up for all of you
__________________
mathjak107 is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 04:35 PM   #166
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Gold

Quote:
Originally Posted by mathjak107
...as an investor who cares the reason....im enjoying my almost 90% gains in a little under 4 years........
hope that clears it up for all of you
So you're saying that all of us should invest in gold because you made money from it over the past 3+ years?
__________________
sgeeeee is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 05:21 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,414
Re: Gold

now you got the idea......when assets are moving and going up buy em....if they arent going up dont buy em.....
see how simple!
__________________
mathjak107 is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 05:42 PM   #168
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Gold

Quote:
Originally Posted by mathjak107
hope that clears it up for all of you
I wish it did, but I cant make heads or tails of your posts without spending 10 minutes with the special decoder ring.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 06:42 PM   #169
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: Gold

Quote:
Originally Posted by mathjak107
now you got the idea......when assets are moving and going up buy em....if they arent going up dont buy em.....
see how simple!
sound advice from Will Rogers: "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."

I see.
__________________
d is offline   Reply With Quote
Re: Gold
Old 04-13-2006, 08:44 PM   #170
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 1,375
Re: Gold

Goldfinger...
He's the man, the man with the midas touch
A spiders touch, such a cold finger
Beckons you to enter his web of sin
But don't go in!

Golden words he will pour in your ear
But his lies can't disguise what you fear
For a golden girl knows when he's kissed her
It's the kiss of death from Mister

Goldfinger!
Pretty girl beware of this heart of gold
This heart is cold! He loves only gold,
Only gold. He loves gold.
He loves only gold. Only gold...
He loves gold!
__________________
You can't always get what you want, but if you try sometimes, you might find you get what you need.
astromeria is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 11:26 AM   #171
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Gold

"Theres what went wrong. I'm sure plenty of things can go wrong. Historically, plenty of things did go wrong and some that could have, didnt. I cant guess, you cant guess, nobody can guess. Thats why you lay out your asset allocation in the buckets you do and in the bucket sizes you do. Its still not clear to me what the "gold" bucket does for me. It doesnt seem to ying or yang with anything with consistency...at least not anymore. So whether the problem is currency valuations or godzilla, I dont see the benefit. Except as I've already described, the blind run to gold when 'scary' things happen, and I think that bullet may have already left the chamber."

CFB: I guess, I guess. The ardent/strident goldbugs have spent a goodly portion of time not studying gold but the fundamentals under it, the paper currency expansion and the flows of it throughout the system, in a sense, the unseen fingers of money. (My guess, you have quickly jumped to your conclusions—although I may be wrong—but I see no evidence pointing toward my being wrong.) There is no down and dirty easy answer. I can't sprinkle fairy dust on you or click my heels together three times and say "There's no place like gold."

Here is a recent article by John Mauldin that I think proves my point. If you understand it clearly after one read, then I am wrong, and you are right. (Please be fair and honest, not with me but, rather, yourself.) I think those who have studied this subject even semi-intensively will get it immediately (if you can’t find it immediately, go to Fingers of Instability):

http://www.2000wave.com/article.asp?id=mwo040706

For me, understanding gold is relatively unimportant, having help understanding how unreal currencies have shaped our minds and behaviors is. Plus, I like to make money by attempting to understand where people will go—but before them.

Your cheese argument: Again, you’re right but in a wrong way according to my thinking. The goldbugs/bears have explained numerous times that the Fed has been pumping money into the system for numerous years. Some say that even the 80s stock boom/bubble was at least partially blown by the expansion of paper money. (See Creature from Jeckle (sp) Island) We don’t know where this created money will flow for sure, except primarily in hindsight. I can guess that as in the past during long periods of what appears to be moderate inflation it will rotate around: from a booming stock market to a booming housing market. On a smaller cycle, from oil to um uranium or silver or gold or lead. Or cheese. It, the money, will rotate in and rotate out. For basically conservative old farts that is a good reason to maintain a diversified, balanced portfolio, with perhaps a mildly heavier bucket of commodities in portions that please you. But don’t forget to rebalance. Personally, I think inflation always returns to gold and in difficult times bubbles it up with a vengeance. So my bucket has a little more than 10%, and I’ll trust my timing skills. If you buy cheese or any single commodity, you’re trusting your timing skills. As with all rebalancing schemes in a diversified portfolio, you won’t do as well as someone who chooses just one bucket and completely fills it—and then hits. I moderately rotate; that’s my choice. That’s the positive side of the cheese.

Mauldin’s article talks in the abstract about coming possible cascades. Studying gold and money creation and flows has sensitized me to this possibility—I think. I believe gold will hold up far better than other commodities in such an event. Or it will hold up better than other commodities in a series of smaller cascades over time. (If you have questions as to why, please feel free to ask.) Long bonds will be hit and fall in price at some point in the future. Maybe derivatives. Housing prices are in slow cascade mode right now. We currently have a gov’t that thinks it is invincible; they think they can manage it ALL successfully. I think not, not any more. I suspect you agree with this last comment because if you didn’t you wouldn’t be interested in the least bit in gold, would you? Enough today. DW has chores for me. But here's another fun one:

http://www.safehaven.com/article-4965.htm

Off topic: We got home from our trip to Texas the other day. We pulled into the back of the house and started to unload stuff. On the last load for me I had my arms full and a few loose items in my pockets such as three cans of beer and a couple of hand tools. As I waddled to the door, my pants started to drop. As I crossed the threshold, they fell to my ankles. I dropped everything on the kitchen counter that I could and just stood there for a moment thinking “Home at last, home at last, thank God, home at last. (I am not making this up).

--Greg
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 11:34 AM   #172
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Gold

Again, the problem isnt in detemining economic concerns, its the leap to "gold is the answer". I didnt "leap" to any conclusions about the investment, I looked at the chart below, saw that gold has failed to react to any stimuli (war, peace, inflation, low rates, high rates, bull market, bear market) for about 30 years. And anyone who was invested in it during those 30 years lost money or gained nothing.

Until recently when it ran up for no apparently good reason, in the presence of factors that it didnt respond to previously, and without the presence of factors that made it respond previously.

So I bought about 3.5% because everybody said it was what you did when you ran out of other stuff to diversify, and i'm aware that in short time periods, people "run to gold" when something scares them. I lucked out by picking the only time in three decades that gold ran up, for no apparently good or identifiable reason, and I sold it and took my profit.

This is the south park gnomes stealing underwear.

1. Steal underwear
2.
3. Profit!

You've explained the underwear stealing quite well. I understand it. I understood it. You say Gold is the profit. It looks to me like gold WAS the profit maybe, depending on which underwear you were looking to steal. I still havent heard what step 2 is.
Attached Images
File Type: gif au75-pres.gif (6.5 KB, 51 views)
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 11:48 AM   #173
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,139
Re: Gold

Quote:
Originally Posted by Apocalypse . . .um . . .SOON
We got home from our trip to Texas the other day.* We pulled into the back of the house and started to unload stuff....* As I waddled to the door, my pants started to drop.* As I crossed the threshold, they fell to my ankles.* I... just stood there for a moment thinking “Home at last, home at last, thank God, home at last.* (I am not making this up).
Greg,

When I read this I first thought we were about to be treated to the latest adventures of Rothbard & Gweneth, but that's not the case (unless your are just 'leaving it hanging' as we await the next chapter). *This paragraph is a bit cryptic, but what I've decided is you are just trying to warn everyone they better hang on to their pants if they visit TX. *

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 05:08 PM   #174
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Gold

Wahoo: I've been thinking about the next episode, mostly while listening to Rush Limbaugh while passing thru east Texas. I'm thinking about going in a different direction involving the the Rice Crispies boys, Snap, Crackle, & Pop and, of course, Gweneth. Have I mentioned their evil half-brother Tumescent. :

--Greg
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 05:20 PM   #175
Thinks s/he gets paid by the post
greg's Avatar
 
Join Date: Jun 2005
Posts: 1,071
Re: Gold

CFB: I give up. You win. But I truly believe that a fair portion of the thirty year rise of the indexes, of the stock market, and fall of gold are related as money swirled all over the place, virtually all of it logical and explainable by commonly agreed upon economic rationalizations theories. But I'm not going to take you there and clog up this board with my words, guesses, theories, and data of others. Good Luck and prosper.
__________________
Compounding: Never forget! Never not remember!
greg is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 05:36 PM   #176
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Gold

I wasnt looking for surrender or winning. Was just hoping to hear an explanation.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 05:36 PM   #177
Full time employment: Posting here.
 
Join Date: Feb 2006
Posts: 784
Re: Gold

I don't get why it's so complicated -- shouldn't it be easy to explain in a sentence or two why your gold thing is supposed to work?

I can easily say, "Raytheon sells things that blow sh** up to the US government for a lot of money, and as there will be lots more sh** to be blown up in future, they'll continue to make money." Or "bonds provide money to growing industries or other entities, and as there will always be people in a position to borrow money, bonds will continue to remain profitable." Etc., etc.

Surely if it's something people are staking billions of dollars on, there's at least a basic summary of the reasons for doing so, somewhere?
__________________
Cool Dood is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 06:55 PM   #178
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Gold

Quote:
Originally Posted by Cool Dood
I don't get why it's so complicated -- shouldn't it be easy to explain in a sentence or two why your gold thing is supposed to work?

I can easily say, "Raytheon sells things that blow sh** up to the US government for a lot of money, and as there will be lots more sh** to be blown up in future, they'll continue to make money." Or "bonds provide money to growing industries or other entities, and as there will always be people in a position to borrow money, bonds will continue to remain profitable." Etc., etc.

Surely if it's something people are staking billions of dollars on, there's at least a basic summary of the reasons for doing so, somewhere?
Owning gold makes people who are paranoid feel safer. Since there will always be paranoid people, there will always be a demand for gold.
__________________
sgeeeee is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 06:57 PM   #179
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Gold

See how nice I am? I thought that, but didnt say it.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Gold
Old 04-15-2006, 07:04 PM   #180
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Gold

Quote:
Originally Posted by sgeeeee
Owning gold makes people who are paranoid feel safer.* Since there will always be paranoid people, there will always be a demand for gold.* *
So maybe we should talk about gold helmets instead of tinfoil?
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
And gold, gold!, GOLD!!!!!!!!!!!! yakers FIRE and Money 1 05-17-2006 11:03 AM
Not to throw gold bricks at the hornet's nest, but... brewer12345 FIRE and Money 9 04-15-2006 12:41 PM
Gold as Safety greg FIRE and Money 81 01-04-2006 06:49 PM
Buying physical Gold GTM FIRE and Money 10 01-14-2005 09:26 AM
Gold and Oil haha FIRE and Money 15 07-31-2004 10:38 AM

 

 
All times are GMT -6. The time now is 02:07 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.