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information on gold? good investment right now?


 information on gold? good investment right now?
topic by Gman8677 - 04-29-2013, 06:11 PM - Boxden > The Money Spot (finance/careers)


can anyone share some info on gold right now? is it a good time buy? i have about 5k cash that im willing to invest in it...i keep hearing paper money is value less and that i should buy gold instead but id like a little more info on it before i make the move

if anyone can shed some light on the current situation of gold thatd be great


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22 comments for "information on gold? good investment right now?"


 04-29-2013, 06:37 PMaway - #2
ima80baby 24 heat pts24

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Buy silver instead. It's cheap as hell right now.
 04-29-2013, 07:34 PMaway - #3
o7media 10 heat pts10

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Originally Posted by BlackieRobinson
Paper money isn't "value less" yet
It's just that everyday it's takes more than a dollar to buy basic stuff

For example one of my teachers told me back in the day he could buy a soda, a candy bar and a comic all for 25 cents

Nowadays you can hardly get a normal size candy bar with $1

And a couple years from now it'll take even more to get a piece of candy
This trend will continue so yes our dollar is losing value


But to answer our question it would be best to buy something like silver, brass, gold is ok but get something that'll be more monetary in the future

You cant be serious
 04-29-2013, 08:24 PMaway - #4
Gman8677 1 heat pts

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if 5000 wont get me much gold, im willing to throw in a little more cash

i would like a decent size chunk of gold ...that is ofcourse, if gold is still a worthy investment right now

i keep hearing silver is the better buy right now?
 04-29-2013, 10:39 PMonline - #5
Walt Thizzney 108 heat pts108

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gold is in the tank have u not been watching what is going ON?
 04-29-2013, 11:48 PMaway - #6
Gman8677 1 heat pts

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Originally Posted by Walt Thizzney
gold is in the tank have u not been watching what is going ON?
no i havent. which is why i was curious

is silver a better investment to look into?
 04-30-2013, 06:51 AMaway - #7
o7media 10 heat pts10

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Originally Posted by Eminence Grise
That's the best time to buy.....
This is true, however it may still be over valued which IMO it is.

To the OP, if you're looking to invest only $5k then I wouldn't bother investing in something like precious metals as your return (dollar wise) won't be that great.

You may get a large % return, but even if you hold Gold and you end up getting say a 20% return in one year, is it worth it on $5k? That's only a $1k profit. You have to ask yourself whether the risk is worth it.


Stocks are always the best investment IMO. But I have a biased opinion since it's what I do for a living.
 04-30-2013, 09:18 AMaway - #8
billieskeet 5 heat pts

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Gold is something that overtime continues to be more valuable. If you invest in gold, I would say invest alot and count on it to be a long term investment, meaning 15+ years. Yea it drops, but it always goes back up.

Don't invest in gold if you're expecting a 5 year return.
 04-30-2013, 04:46 PMaway - #9
Gman8677 1 heat pts

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most of you are syaing 5k is not enough for gold...what would you think would be a good amount to invest in that case? 10k? 15k?

or what about silver? is silver a better investment than gold right now. i would a$sume 5k is more than enough for silver
 04-30-2013, 05:10 PMaway - #10
hockeythug 48 heat pts48

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Originally Posted by Eminence Grise
I was speaking about the gold futures market. I trade the price action unless something in the economy goes down, so I don't get too much into intrinsic value. Just like I was short gold futures when it dropped $200 in those two days. Straight price action.

BTW, that was the most profitable trade I ever made. $20k in two days, and I haven't traded since. LOL. I'm setting up for another big trend.
Why are you asking for gold advice ( on Boxden of all places) if you just made $20,000 trading gold futures?

Last edited by hockeythug; 04-30-2013 at 05:16 PM..
 04-30-2013, 07:36 PMaway - #11
o7media 10 heat pts10

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Originally Posted by hockeythug
Why are you asking for gold advice ( on Boxden of all places) if you just made $20,000 trading gold futures?
That's not OP ....


 04-30-2013, 07:37 PMaway - #12
o7media 10 heat pts10

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Originally Posted by Eminence Grise
I was speaking about the gold futures market. I trade the price action unless something in the economy goes down, so I don't get too much into intrinsic value. Just like I was short gold futures when it dropped $200 in those two days. Straight price action.

BTW, that was the most profitable trade I ever made. $20k in two days, and I haven't traded since. LOL. I'm setting up for another big trend.

Same here, although I only trade options. Don't trade the GLD etf much these days though.
 05-01-2013, 04:11 PMaway - #13
hockeythug 48 heat pts48

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Originally Posted by Eminence Grise
I'm not the OP....
Apologies
 05-01-2013, 04:23 PMaway - #14
Prostyle 2 heat pts

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Gold is where you put your doe to hedge against inflation.

It's not meant to serve as a sole investment vehicle.

Buy an index fund rook.
 05-01-2013, 10:23 PMaway - #15
Gman8677 1 heat pts

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Originally Posted by Prostyle
Gold is where you put your doe to hedge against inflation.

It's not meant to serve as a sole investment vehicle.

Buy an index fund rook.
can you give a little more info on what index funds are?
 05-10-2013, 04:34 PMaway - #16
Toledo 

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if still interested I work at Apmex
check out their site Apmex.com
im in the operations department...
i see orders 5000 and less all the time for gold and silver
 05-11-2013, 09:41 AMaway - #17
Gman8677 1 heat pts

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not sure what is a better investment..gold or silver
 
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