Gold rush people

[pauldun170]

http://www.marketwatch.com/story/why-gold-is-a-bad-investment-2010-11-12

[Homeslice]

I don't know who would be dumb enough to consider it a full replacement for stocks.......But there's nothing wrong with giving it say 5% of your portfolio. And as for "offers no income, no dividend, no earnings", you could always invest in mining stocks instead of the actual metal.

[goof2]

Gold will continue to be a good investment right up until it isn't. That is no different than tech stocks, oil, real estate, or any number of other investments.

[No Worries]

Why buy gold or gold stocks when you can pan the stuff right out of the stream? Up in Blackhawk, they built a ton of Casinos right next to Clear Creek, a great place for panning gold. So you can gamble either way.

I know of several sand and gravel quarries that made more money from the gold they washed out from the sand than they did from selling the sand and gravel.

[Smittie61984]

I invest in bullets and flame throwers. Gold will do you no good when th zombies attack.

[tallywacker]

Thank Glenn Beck for the amazing marketing to idiots.

[Homeslice]

Thank Glenn Beck for the amazing marketing to idiots.

That's a big part of it.

As well as the "canned food & ammo" crowd

[Smittie61984]

That's a big part of it.


I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

[Particle Man]

I'll invest in beer. :)

[tallywacker]

I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

Have you ever heard a Glenn Beck gold ad? He makes the listener feel his is going to fail his family if he doesn't invest in gold.

[tallywacker]

http://www.youtube.com/watch?v=GlworUA84k4

http://www.youtube.com/watch?v=yOynBwfpOMU

http://www.youtube.com/watch?v=kjqfUZD6eDE

[goof2]

I doubt Beck's fans have much of an effect. Investing in commodities makes some sense right now. Gold prices have risen as a result, but that increase is relatively small when compared to the increases in copper, silver, platnum, or other metals.

[Avatard]

Gold will continue to be a good investment right up until it isn't.

This.

[Avatard]

Know what could come to be worth serious money? Rare earths, especially if China puts on the squeeze.

[Smittie61984]

Have you ever heard a Glenn Beck gold ad? He makes the listener feel his is going to fail his family if he doesn't invest in gold.

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

[tallywacker]

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

I just think Glenn Beck is a very smart man that uses a preacher like style to peddle goods.

[Captain Morgan]

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

"having value" does not mean it's a good investment. Sure, it could possibly have value in 1000 years, but will that value be higher than it is now? However, since none of us are going to live for 1000 years, it's better to think of it in terms of what value it will have in the next 20 to 50 years, depending on when you will be retiring. There's a pretty good chance that gold's value will be less than what it is now, considering it's at some of the highest values in many decades.

[goof2]

"having value" does not mean it's a good investment. Sure, it could possibly have value in 1000 years, but will that value be higher than it is now? However, since none of us are going to live for 1000 years, it's better to think of it in terms of what value it will have in the next 20 to 50 years, depending on when you will be retiring. There's a pretty good chance that gold's value will be less than what it is now, considering it's at some of the highest values in many decades.

Gold was worth significantly more ($500+ more per ounce) in the early 80s than it is now after adjusting for inflation.

[Avatard]

Because it's not that rare, and it's not that hard to mine.

[Particle Man]

Because it's not that rare, and it's not that hard to mine.

Artificial shortage FTW