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Reply With Quotetheir is better things to invest in.
couple questions about gold
Have been thinking about buying gold here and there and holding onto it for a while, is it a good time? will it go up?
and would 65 dollars for a 24k gram bar be a bad price? if its not i will probly be buying a half to an ounce of it
their is better things to invest in.
Think of the historical use of gold. Man has always been able to buy a "good" suite for a piece (1oz) of gold. It has a lot to do with an economy as a whole. Today I can get a "good" suite made in NY city for about $1800 or the going rate for an ounce of gold. I hope this can help you better gauge the gold market
Good luck,
TheMan13
Last edited by TheMan13; 09-25-2012 at 06:51 AM.
Dude my buddy owns a small pawn shop in a small town and he buys gold and silver. Not sure if its a good investment or not, at it's current price it's probally not going up to much higher. Best case scenario in the next few years gold might go up 25% but it could go way lower.
A follow up question... Why is there so much fucking gold in the bearing sea?
before considering gold, consider the fact that central banks around the world have been accumulating mass quantities over the past 5-10 years
Gold should represent a part of your portfolio. You can buy the GLD tracking stock which basically follows the futures price.
If you buy the coins buy the maple leafs and don't mark em up, no scratches.
No one knows where the price of gold will go. However, there are a lot of folks who feel 2000 an ounce will be reached some day.
so i shouldent invest right now? i did the math after i posted that and it ended up being about 1800 a oz, i mean if it got to 2000 that wouldent be too worth it to hold onto it for how ever long unless i had fucking bank rolls and could buy a shit ton of it at the time but i got like maybe 5 or 6 hundred right now that i could spare on some gold but as long as it would take to get up to that price,thats not too much profit, i would like to invest in it or silver but i dont know im almost tempted to order some tonight but if its not going to be worth it then i dont see any point in investing in any at this point in time, thanks for everyones input, if anyone has anything else to say about it that would be very much appreciated
probly because not too many have the balls to dive into that shit and pull it out, hell the gulf of mexico down here in florida is ruff a lot of the time, you have to becareful sometimes just swimming you can get pulled out to sea just like that, i could only imagine the bearing sea. the ocean is very powerful thingOriginally Posted by Indagrow
Wait for gold to pull back to about $1,490. At that point you can almost get a 1/2 ounce maple leaf coin.
With coins the dealers hose you a little bit on the bid/ask spread but they don't report to the IRS so you don't have capital gains reported. With the GLD it's a traking stock so you buy it at a brokerage and the brokerage will report to the IRS when you sell it.
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