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Why do so many people think gold is a good investment?

Discussion in 'The Okie Corral' started by sheriff733, Feb 21, 2013.

  1. Atlas

    Atlas transmogrifier

    Oct 1, 2001
    north of the equator

    Add Viagra to that list? :cool:
  2. HollowHead

    HollowHead Firm member

    May 16, 2005
    Where the buffalo roam
    Only for SHTF scenarios lasting more than four hours. HH

  3. Atlas

    Atlas transmogrifier

    Oct 1, 2001
    north of the equator
  4. Dennis in MA

    Dennis in MA Get off my lawn

    Aug 16, 2001
    Taunton, MA

    I can't see Viagra on that list. Maybe KY. No foreplay today? HeythatsOK! :rofl:
  5. mhill


    Dec 7, 2001
    St. Louis, MO
    Gold has retained value for the last 10,000 years or so. That's a pretty good indication of a good investment. Will it rise dramatically? It will if our dollar goes soft and inflation gets high. Personally I'd put my money in Silver or Oil right now. Gold seems a bit inflated at the moment.

    I have a theory that Gold is growing with the rising power of India. Indian's buy gold and never sell it. They pass it down through the family as jewelery and dawry's. Indian's are gaining more middle class jobs and buying more gold creating demand that did not exist 10 short years ago. I think India has stopped growing at the rapid pace and that has helped Gold plateu in price.

    Great investment. No. Good store of value. Yes.
  6. DanaT

    DanaT Pharaoh

    You forget viagra:tongueout:
  7. Atlas

    Atlas transmogrifier

    Oct 1, 2001
    north of the equator
    5 posts previous my friend..
  8. GVFlyer

    GVFlyer Senior Member

    Sep 9, 2008
    Somewhere in the air.
    I road gold up, mainly by investing in gold stocks like SPDR Gold Shares, Pershing Gold and Market Vectors Junior Gold, but I'm out now.

    I did buy a few S.A. Krugerrands, Austrian Wiener Philarmonikers and Canadien Maple Leafs, but not really as investments - more because I like handling them - they feel substantial in an insubstantial time.
  9. The gold buying businesses are buying "scrap gold" at sub-wholesale, selling at wholesale, taking that cash and buying more... They are in the mining business not the investing business - mining people rather than rocks. If bullion coins are involved they may be more like stock brokers using bid/ask pricing.

    Every now and again, one will forget which business he is in and get burned by a sudden drop in the market.

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