http://finance.yahoo.com/news/Fed-to-buy-up-to-300B-apf-14679757.htmlthe lid just came off the inflation machine. i wouldn't be surprised to see gold in the 1500/troyoz range, and admittedly it is a s.w.a.g. (scientific wild ass guess). when the AIG bonus situation blows over and this sinks in people will rush to gold as a hedge. than again mabye deflation kicks in, the gold bubble bursts, and i lose $. anywho, FIRE UP THE PRINTING PRESSES BEN!!!! lets pay down the national debt w/inflation dollars!
here's another great reason why...
http://www.treas.gov/press/releases/tg57.htmlooking back over the last 6 mo you notice this trend.....
Monthly Net TIC Flows ($Bn)
Oct-08 273.1
Nov-08 61.3
Dec-08 86.2
Jan-09 -148.9
bottom line, if nobody buys our debt we'll just fire up the presses and buy our own. that is EXACTLY what is happening right now
Good luck!
If you know anything about commodities you can do MUCH better buying gold options - provided that your speculation is accurate (even a little). I once controlled over $3.5 million in gold back in 1999. My $5,000 test account went to over $220k in two weeks then spiked up and dropped (I had two six-digit days UP and one six-digit day DOWN during this time period). Unfortunately, the goal I had set for the trade was too aggressive and I lost a lot of potential profit, but still made over $82k on the entire campaign.
Buying when the price of something is high is not a very good idea. Gold is at an all-time high.
Stocks, however, are very low...
No way would I buy Gold right now. Charger is right! Look at stocks, if anything.
did you look at the article i posted? i'm betting on it as a hedge against inflation. we are buying our bonds with money were printing! it wouldn't surprise me if gold doens't go up another dollar, but i doubt it will lose more than 100$/oz from where its at now as we slide towards inflation. people get scared and start buying gold....
People GOT scared and bought gold, past tense. That ship has sailed.
"Just send us your "scrap" gold..."
If I had "spare" money, I'd put it in stocks. In stocks right now, you're essentially getting what you got 6 months ago at half the price. If you truly believe that the US economy is worth half what it was worth six months ago, don't buy them. If, like me, you believe that the true value is much higher than the market now, but probably lower than the market then, stocks are a great buy. Not to say they won't go down more before they go up, but it is definitely one of those rare windows where you KNOW things are cheap.
If I had some extra money, it would surely go into stocks. This is probably the least risky time to invest in stocks. IMO. I'm no expert and no very little. I'd get some good advice and let it rip, right into stocks.
Too late, I have bought it all. :P
Agree about stocks, basically gold is a hedge against financial armageddon - and that scenario is so bleak that I can't see that gold is a good enough hedge for the individual.
If you buy it and hold it physically maybe, but if you buy it through an institution and they hold it for you then in the event of a financial collapse you will not necessarily be able to get a hold of it - if things get that bad it is not certain there is a hedge if you don't have the power to enforce it socially.
If I had "spare" money, I'd put it in hookers and booze. I would want to hold them physically. I'm certainly no expert.
That's probably a good investment.
pickmaster60 — Mar 23, 2009If I had "spare" money, I'd put it in hookers and booze. I would want to hold them physically. I'm certainly no expert.
That's why it's hard for you to even get a hooker. Sometimes admitting your inexperience isn't a good thing. However, I could advise you for a small fee. Sorry....I know how sensitive you are about that word "small". :P