Who's investing in gold?
#1
Elite Member
Thread Starter
iTrader: (5)
Join Date: Mar 2007
Location: NYC
Posts: 1,970
Total Cats: 1
Who's investing in gold?
I've been doing a lot of reading lately on investing and plan to get in the market in the next month or so. One thing that is scaring the **** out of me is the likely inflation in the next couple years. So, am I the only one who's going to be investing in gold? How are you doing it, ETFs, bullion, etc?
#7
Senior Member
iTrader: (1)
Join Date: Jun 2006
Location: Outside of the Loop-ATL
Posts: 761
Total Cats: 1
On the topic of gold, have you seen the video online talking about how people are back in west starting to mine again. It is a new age gold rush.
.....
I try not to think about the zombie hamsters and zombie squirrels. They keep me up at night
#11
You guys should have invested in Gold sometime in 2007. Back then it would have been worthwhile. Today though, its pretty stable. Unless the American economy decides to completely fall through the toilet, thats when you can make some serious money. Simplest way to get into gold is through an ETN.
#13
Moderator
iTrader: (12)
Join Date: Nov 2008
Location: Tampa, Florida
Posts: 20,664
Total Cats: 3,013
Municipal bond funds are more reliable and have been making 7 to 8% for all of these last quarters that the indexes of the regular stocks have been declining in double digits.
And the time to buy gold was when it was cheap two years ago, not now that it has been run up and is expensive.
Find a good low expense ratio bond fund from a company like Vanguard, Fidelity or T. Rowe Price and your money will both be safe and earn enough to stay ahead of inflation. You can set up an account online with any of them. Vanguard is my personal favorite because the costs are some of the lowest in the business and their online interface is very user-friendly.
Do not invest in any fund with an expense ratio of more than .60 or you are giving your money away to some banker. The lower the expense ratio, the less you are giving away to the guy who is administering the fund.
I'm not a licensed investment adviser, but I did stay at a Holiday Inn Express last night.
And the time to buy gold was when it was cheap two years ago, not now that it has been run up and is expensive.
Find a good low expense ratio bond fund from a company like Vanguard, Fidelity or T. Rowe Price and your money will both be safe and earn enough to stay ahead of inflation. You can set up an account online with any of them. Vanguard is my personal favorite because the costs are some of the lowest in the business and their online interface is very user-friendly.
Do not invest in any fund with an expense ratio of more than .60 or you are giving your money away to some banker. The lower the expense ratio, the less you are giving away to the guy who is administering the fund.
I'm not a licensed investment adviser, but I did stay at a Holiday Inn Express last night.
#14
Elite Member
Thread Starter
iTrader: (5)
Join Date: Mar 2007
Location: NYC
Posts: 1,970
Total Cats: 1
You guys should have invested in Gold sometime in 2007. Back then it would have been worthwhile. Today though, its pretty stable. Unless the American economy decides to completely fall through the toilet, thats when you can make some serious money. Simplest way to get into gold is through an ETN.
#15
You guys should have invested in Gold sometime in 2007. Back then it would have been worthwhile. Today though, its pretty stable. Unless the American economy decides to completely fall through the toilet, thats when you can make some serious money. Simplest way to get into gold is through an ETN.
I guess we'll see what all happens in the next few weeks. All I know is I am happy I bought Ford about 2 weeks ago. I am already up 50% on the stock.
#18
Elite Member
Thread Starter
iTrader: (5)
Join Date: Mar 2007
Location: NYC
Posts: 1,970
Total Cats: 1
I think everything we're hearing on the news is that things are turning around for the better. I don't buy it. Ships aren't shipping, earnings are bad, and expectations are being lowered so that earnings numbers don't appear as bad. Job loss is continuing. Except for the talk of a turn around I don't see it. And, no I am not blindly dumping my money in gold or anything else. I still have a lot of reading, watching and learning to do before I risk any of my money.
#19
My grandparents told me that when they were starving to death during the great depression all they really needed was some gold. It is so filling and satisfying that it keeps the hunger pains away.
When the **** goes down you need weapons and ammo. Then you can get all the gold and food you need...
When the **** goes down you need weapons and ammo. Then you can get all the gold and food you need...