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Old 04-06-2011, 05:39 PM   #21
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Sad isn't it!
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Old 04-06-2011, 05:42 PM   #22
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My wife was a tad amused when I was assiduously buying silver back in 2005-2006. Ok, I was a bit obsessive about it, but she ain't laughin' no more now that it's worth some real money!
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Old 04-07-2011, 01:08 PM   #23
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I'm watching the SLV silver fund march up, up, and away, day after day, as if guided by an unseen hand.
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Old 04-07-2011, 01:56 PM   #24
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You should have a small amount of silver or gold if you believe the dollar will continue to decline in value. I look at it as a store of value, not necessarily an investment to make a gain on. You could just as well buy real estate or other tangible assets, they will all fluctuate in value depending on market forces.

In the end, just about all fiat currencies will become devalued if they are not backed by something tangible. As governments continues to print and spend more than they have, this trend will probably continue.
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Old 04-07-2011, 02:47 PM   #25
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Just for fun, I ran the XRay Interpreter Stock Intersection tool on my portfolio. I am the proud owner of Freeport-McMoRan Copper and Gold B, a whole 0.05% of my portfolio. Woooooooo

The only gold I own is in some of my jewelry.
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Old 04-07-2011, 04:00 PM   #26
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Is gold good?

I used to like it in some 'schlager, but my tastes have matured since then.
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Old 04-07-2011, 05:57 PM   #27
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Just for fun, I ran the XRay Interpreter Stock Intersection tool on my portfolio. I am the proud owner of Freeport-McMoRan Copper and Gold B, a whole 0.05% of my portfolio. Woooooooo
Hey, good call ... I've got that too through VINIX. Also some Goldman Sachs in VINIX, does that count?
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Old 04-07-2011, 06:06 PM   #28
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Real gold is very good against bare skin!

It's even better when it has some diamonds embedded in it.

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Old 04-07-2011, 07:06 PM   #29
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I have never bought gold in my life. And don't intend to buy any in the future.
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Is real gold really good for an IRA? There is too much on TV saying to buy gold NOW. Should I sell some stocks and buy gold now or is it too late?
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Old 04-07-2011, 07:34 PM   #30
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No, gold is not good for you. Send it to me in Phoenix. I'll get rid of it for you. It's the least I can do for everyone here.
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Old 04-08-2011, 04:22 AM   #31
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Can't help you with timing a gold purchase... or any timing wotsoever. My timing has far too often resulted in buying high and eventually writing off on my tax return. However, perhaps my strategy may be useful to you too.

I considered purchases in: commodities (DJP, PCRIX, DBC), energy (VGENX), gold and individual stocks on and off for a month or so. They weren't in my Asset Allocation, but my AA is less than 6 months old, so I reckon I could've made a 5-10% modification without really cheating. I looked at lots and lots of graphs, read lots of forum threads, but finally remembered my bad timing and decided they would all have to fit in my "self-funded speculation allocation" (initial ~$5k in 2008 mad money + profits), from which I can buy anything I want... unfortunately this is currently 100% in a barely break even Citigroup. I think this pretty much limits portfolio damage. If my judgement (or luck) improves, I get to spin the speculative wheel again. If my timing doesn't improve, I think I will end up shouting myself some more mad money (rationalization - I LBMM and don't buy lots of shoes or clothes).
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Old 04-08-2011, 05:24 AM   #32
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Not my words, but maybe something to consider:

"But here’s the problem with why gold is not a substitute for bonds. Gold is much riskier than bonds. Since 1979, gold has had risk, or standard deviation, of 21.3 percentage points, says Morningstar. Yes, you read that correctly. Gold is 232% more risky than bonds and even riskier than large U.S. stocks. So if you shift into gold thinking you’re protecting yourself, you may very well be boosting your risk and subject your portfolio to extreme peril."

Is gold a better investment than bonds for reducing risk? - USATODAY.com
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Old 04-08-2011, 08:37 AM   #33
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I can guarantee, with a statistical probability of 99.9998%, that, if I decide to buy gold, it will immediately start to decline in price and end up being used for door stops . So, whatever I do, please do the opposite .
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Old 04-08-2011, 08:23 PM   #34
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The only reason gold is soaring above $1400 is because I've refused to own it since BRE-X (I guess I didnt own it during BRE-X days either!)
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Old 04-08-2011, 08:42 PM   #35
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Originally Posted by pimpmyretirement View Post
Here's a 10 year gold chart:

Gold Chart - Last 10 years

IMO, that buying opportunity has passed.
I see that Au has doubled since 2007.

Double means bubble.
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Old 04-09-2011, 07:08 AM   #36
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I would really like to know when the bubble going to end.
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Old 04-09-2011, 11:21 AM   #37
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Real gold is very good against bare skin!
Please, don't stop talking....

Ha
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Old 04-09-2011, 11:29 AM   #38
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I would really like to know when the bubble going to end.
Easy. As soon as you go all-in.

Ha
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Old 04-09-2011, 01:38 PM   #39
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I would really like to know when the bubble going to end.
Probably with a prick ....
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Old 04-09-2011, 04:50 PM   #40
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Gold must be good.

Every piece of gold I ever bought was stolen at various times. A few Krugerrands, Maple leafs etc.

The only piece of gold I have left is my late father's wedding ring, which is now my wedding ring.

Will never buy any gold. Still have a few silver coins, if I can only remember here they are.
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