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Old 04-08-2009, 02:05 PM   #1
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Default 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?
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Old 04-08-2009, 02:25 PM   #2
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I'm converting physical gold into bullets. That way I'm safe if there is a total failure of any economic system and gold becomes worthless. Or we have an outbreak of were-rabbits.
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Old 04-08-2009, 02:31 PM   #3
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Zombies are coming, Umbrella Corp is watching

I am investing in Miatas
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Old 04-08-2009, 02:32 PM   #4
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I'm converting physical gold into bullets. That way I'm safe if there is a total failure of any economic system and gold becomes worthless. Or we have an outbreak of were-rabbits.
you forgot about the zombies
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Old 04-08-2009, 03:02 PM   #5
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I have heard that there is a national shortage of amo as well...
At least my student loans will be easy to pay off if things really hit the skids.
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Old 04-08-2009, 03:06 PM   #6
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I was looking into ETF's but have dumped some money into gold mining companies. So far I've done pretty well. I also invested into silver, but from what I've gathered, silver is more a up and down swinger than gold.

Btw, zombie hamsters are nothing to **** with.
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Old 04-08-2009, 03:09 PM   #7
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I was looking into ETF's but have dumped some money into gold mining companies. So far I've done pretty well. I also invested into silver, but from what I've gathered, silver is more a up and down swinger than gold.

Btw, zombie hamsters are nothing to **** with.

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
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Old 04-08-2009, 03:15 PM   #8
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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
Yeah I have heard about it. Some people are actually doing some good coin on it if you spend some time. I've read a few things where people make 500-1000 a month from just working on the weekends. It sounds like it could be fun doing that ****.
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Old 04-08-2009, 03:38 PM   #9
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you forgot about the zombies


No I didn't, a regular bullet will kill a zombie. I've got plenty of thoes already. But a regular bullet won't kill a were-rabbit.
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Old 04-08-2009, 03:47 PM   #10
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No I didn't, a regular bullet will kill a zombie. I've got plenty of thoes already. But a regular bullet won't kill a were-rabbit.
Doesn't silver get rid of those nasty critters?
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Old 04-08-2009, 03:57 PM   #11
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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.
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Old 04-08-2009, 04:01 PM   #12
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Doesn't silver get rid of those nasty critters?


Wolves yes, rabbits no. Besides, don't be silly, werewolves are such a rare happenstance that the implication of their current existence is frankly ridiculus.
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Old 04-08-2009, 04:36 PM   #13
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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.
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Old 04-08-2009, 05:51 PM   #14
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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.
Printing money like crazy now and bailing out corporations left and right that go bankrupt anyway might make todays gold prices look cheap in a couple years.
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Old 04-08-2009, 06:20 PM   #15
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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.
My thought is that gold and silver are always going to be needed. I am dealing more with companies than the actual brick stuff. What I do though is buy into the company after it has dropped, generally when the market does well, and then sell when the market has been doing good. I've made a nice chunk of change do this the past year and half with one company. Risky yes, but the company seems solid.

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.
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Old 04-08-2009, 06:24 PM   #16
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lol

I wouldn't invest 10 minutes into thinking about it, let alone any money.

Seems to be the new thing though I keep hearing about on TV. And if its on TV it must be true. Like vampires and werewolves!!
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Old 04-08-2009, 07:38 PM   #17
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I sent all my unwanted gold in a low security envelope to UnwantedGoldUSA and I got CASH $$$$$
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Old 04-08-2009, 10:00 PM   #18
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lol

I wouldn't invest 10 minutes into thinking about it, let alone any money.

Seems to be the new thing though I keep hearing about on TV. And if its on TV it must be true. Like vampires and werewolves!!
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.
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Old 04-09-2009, 12:00 AM   #19
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My thought is that gold and silver are always going to be needed.
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...
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Old 04-09-2009, 09:50 AM   #20
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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.
I'm a Ford believer too, though I've gotten in more recently. Chevy product fan, Ford stock fan. Hell, up 12% yesterday.

I do have some money in a precious metal fund. That's just to hedge some bets though.

Frank
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