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Thread: Gold- $1300/ounce!!

  1. #21
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    [QUOTE=Come Back to NY;3810362]yup, no upside in gold...lol



    [url]http://www.thestreet.com/story/10914525/1/gold-prices-slip-but-still-eye-1400.html?cm_ven=GOOGLEN[/url]

    just 6% in a month...how them beans tastin'???[/QUOTE]

    Spread the wealth!

  2. #22
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    [QUOTE=Come Back to NY;3810362]yup, no upside in gold...lol



    [url]http://www.thestreet.com/story/10914525/1/gold-prices-slip-but-still-eye-1400.html?cm_ven=GOOGLEN[/url]

    just 6% in a month...how them beans tastin'???[/QUOTE]

    Hold on to the gold!! The feds are printing 600 billion as we speak...who was saying there was not much upside??:eek:

  3. #23
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    [QUOTE=HDCentStOhio;3810371]Spread the wealth![/QUOTE]

    yes...well depending on the tax revisions it could be sell by 12/31/2010....

  4. #24
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    [QUOTE=sec.101row23;3810376]Hold on to the gold!! The feds are printing 600 billion as we speak...who was saying there was not much upside??:eek:[/QUOTE]

    who do you think?? [SIZE="1"]look on page one[/SIZE]

    btw- as stated in the thread ([url]http://www.jetsinsider.com/forums/showthread.php?t=220764[/url]) about the topic you brought up, a good natural resource fund as well as oil will "barrell" towards $100 soon...

  5. #25
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    [QUOTE=Come Back to NY;3810378]yes...well depending on the tax revisions it could be sell by 12/31/2010....[/QUOTE]

    I'm betting that they hold the capital gains tax where it is....but I have a sell order at the ready for 12/31/10....:yes:

  6. #26
    bubble!

    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.

  7. #27
    [QUOTE=bitonti;3820054]bubble!

    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.[/QUOTE]

    In order to get the real price for gold you have to be a Billionaire, if not then you are paying a gold guy to hold a thing who will not give you the actual value when you sell it. It is a shady business.

  8. #28
    [QUOTE=cr726;3820064]In order to get the real price for gold you have to be a Billionaire, if not then you are paying a gold guy to hold a thing who will not give you the actual value when you sell it. It is a shady business.[/QUOTE]

    this is the part i never got... if you don't have faith in the US dollar... how will you ever sell the gold?

    it's not an investment strategy, it's more like an inventory item for a panic room.

    if that's the case I'd rather buy shotguns and ammo.

  9. #29
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    [QUOTE=bitonti;3820054]bubble!

    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.

    .[/QUOTE]

    yup; bubble...its' only up $23/ounce ($1368 or about 2%) since you made the assinine claim there was no upside a month ago...amounts to about a 20% annual return...but hey- you should invest in TARP or GM; real money makers....lmao

    then again this line proves how completely clueless you are..

    [QUOTE]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[/QUOTE]
    Last edited by Come Back to NY; 11-15-2010 at 01:49 PM.

  10. #30
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    [QUOTE=cr726;3820064]In order to get the real price for gold you have to be a Billionaire, if not then you are paying a gold guy to hold a thing who will not give you the actual value when you sell it. It is a shady business.[/QUOTE]

    lol...yes- everything is shady :rolleyes:

    ever hear of a mutual fund?? ETF?? you don't need to actually buy gold to profit from it...

  11. #31
    [QUOTE=Come Back to NY;3820093]lol...yes- everything is shady :rolleyes:

    ever hear of a mutual fund?? ETF?? you don't need to actually buy gold to profit from it...[/QUOTE]

    Hence, that is why I was actually talking about buying gold.

  12. #32
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    [QUOTE=Come Back to NY;3820093]lol...yes- everything is shady :rolleyes:

    ever hear of a mutual fund?? ETF?? you don't need to actually buy gold to profit from it...[/QUOTE]

    Why do I think we've been here before? December 2008 brings back some fond memories.... ;)

    [url]http://www.jetsinsider.com/forums/showpost.php?p=2917056&postcount=13[/url]

  13. #33
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    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.

  14. #34
    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?

  15. #35
    [QUOTE=bitonti;3822800]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?[/QUOTE]

    If you own stock in a foreign country who's currency is going up against the dollar you are very likely to do well. Also if you own stock in multinational US companies that do business in countries where their currency is appreciating in Dollars they will bring additional profits back to their balance sheets in US dollars.

    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.

  16. #36
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    [QUOTE=bitonti;3768030]it's a safe hedge but there's no upside in gold. it's better than buying shotguns and canned beans... but not by alot.[/QUOTE]

    15% in a little more than six months- how's that investment in shotguns and canned beans doing for ya'???

    [QUOTE][B]Gold prices near US$1,500
    Posted: 18 April 2011 2212 hrs[/B]

    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.

    -AFP/wk [/QUOTE]

    [url]http://www.channelnewsasia.com/stories/afp_world_business/view/1123535/1/.html[/url]

  17. #37
    if you buy something with the intention of never selling it, it's not an investment. it's a collectable.

  18. #38
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    [QUOTE=bitonti;4003288]if you buy something with the intention of never selling it, it's not an investment. it's a collectable.[/QUOTE]

    unless its beans- they eventually go bad- unlike gold...

  19. #39
    $1500 now :eek:

  20. #40
    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.

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