Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Gold / GLD
Old 10-10-2008, 11:05 AM   #1
Full time employment: Posting here.
 
Join Date: Oct 2002
Posts: 717
Gold / GLD

I've never quite understood what affects the price of gold and therefore I've shunned it over the years. I made a tidy sum when the Hunt brothers tried to corner the silver market, but every time I played with Gold, I lost. Almost all the opinions about gold come from "gold bugs" and it's hard to separate the facts from fiction. Has anybody here had any insights into the gold market or can anyone point me to a relatively "unbiased" dissertation on the gold market ?
__________________

__________________
Random Reinforcement is Highly Addictive.
riskadverse 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!

Old 10-10-2008, 12:21 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
Uhhhh, what's the question exactly?
__________________

__________________
Art G is offline   Reply With Quote
Old 10-10-2008, 01:25 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 1,543
Whole Foods Market does not accept gold as payment. and neither does any other supermarket i've been to
__________________
al_bundy is offline   Reply With Quote
Old 10-10-2008, 01:50 PM   #4
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
Quote:
Originally Posted by riskadverse View Post
I've never quite understood what affects the price of gold and therefore I've shunned it over the years.
Good decision. Nobody else understands what affects the price of gold either.
__________________
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
Old 10-10-2008, 02:07 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
I have some gold jewlery that I haven't warn in years (a charm bracelet when you are kicking 70 isn't as charming as it once was). Has anyone sold gold through the places found on-line?
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Old 10-10-2008, 02:38 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Nov 2007
Posts: 1,052
I'm gonna take a stab at your question even though I'm not sure what you're getting at.....
actual gold is tangible. If the market tanked, it could stil serve directly as currency. Whereas owning a certificate for XOM in a grocery store ain't gonna get you much. With that said, many people will assume that owning gold stocks or gold indexes will work as well, but it really doesn't. It's just trading on those who are holding the gold. If the market tanks, gold stocks also won't be worth much.
I had a friend who, as a hedge, bought up silver quarters. His theory, that in a worst case scenario, he could at least buy a Coke. My grandfather bought diamonds during the Depression and actually did quite well for himself. I'd buy diamonds over gold. I also would like to have a windmill in my backyard and solar panels on my roof. Oh yeah, I'd suggest putting in a water tower in your backyard. I think that's the ultimate commodity. JMO
__________________

__________________
Art G 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
gld windsurf Stock Picking and Market Strategy 0 05-23-2008 05:02 PM
Any Gold Bugs Out There? BoutDone Stock Picking and Market Strategy 18 04-11-2008 04:20 PM
Out of gold haha Stock Picking and Market Strategy 7 11-13-2007 07:06 PM
And gold, gold!, GOLD!!!!!!!!!!!! yakers FIRE and Money 1 05-17-2006 11:03 AM
Gold mb FIRE and Money 199 04-17-2006 06:40 PM

 

 
All times are GMT -6. The time now is 12:11 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.