btw- as stated in the thread (http://www.jetsinsider.com/forums/sh...d.php?t=220764) about the topic you brought up, a good natural resource fund as well as oil will "barrell" towards $100 soon...
when you invest in stock... say Google. You are investing in a company with 23,000 geniuses working hard, inventing things, changing the world, making literally billions in net profit every quarter.
when you invest in gold... you are investing in a shiny yellow metal that no one really needs for industrial purposes.
there's just no upside there. And i don't care if the price gets to 2,000$ it's still a bubble that eventually will burst.
then again this line proves how completely clueless you are..
there's just no upside there. And i don't care if the price gets to 2,000$ it's still a bubble that eventually will burst
Last edited by Come Back to NY; 11-15-2010 at 01:49 PM.
If you look at historical data as far as the value of gold in relation to the value of the Dow, it's pretty clear that even though gold is up in value at this time, there's still a great deal of upside in gold for the forseeable future.
so here's a simple question if an investor is worried about the American dollar and American stocks... why not buy a chinese stock? or a brazilian stock? or any other stock from a corporation in another country?
If the dollar goes down something else replaces it right?
This is why any diversified portfolio today should have a mix of foreign stocks and emerging market stocks in their portfolio or if you prefer US companies large multinationals.
The main reason too buy GM stock is they sell a huge amount of cars in China and as much as we want them to increase the value of their currency on our time table they are increasing it at 3 to 6% a year which is a nice return by itself based on current treasury rates.
http://www.channelnewsasia.com/stori...123535/1/.htmlGold prices near US$1,500
Posted: 18 April 2011 2212 hrs
LONDON: The price of gold struck a record high just short of US$1,500 Monday after ratings agency Standard & Poor's revised its outlook on US sovereign debt to "negative" from "stable."
The precious metal, a traditional safehaven store of value in troubled times, reached $1,497.23 an ounce on the London Bullion Market, before easing back.
S&P "has caused consternation in almost every asset class from currencies to commodities to indices," said Ian O'Sullivan, analyst at trading group Spread Co.
US stocks opened sharply lower after the ratings agency issued the warning on US sovereign debt, citing Washington's huge debt and fiscal deficit.
if you buy something with the intention of never selling it, it's not an investment. it's a collectable.
Never owned gold and never will.
Had a business friend who bought some in 1981 - around $900/.oz plus some commission. $600 gain in 30 years? Some have made more %recently, but when to sell? Have to pay sales commission there too.
And it doesn't pay dividends. And when you sell, you are taxed at your maximum rate, not 15% as in other long term gains.
Want gold? Buy a mining stock.
The best investments are the usual suspects (XOM, PG, KFT, KO) not quick kills.