close

Privacy guaranteed - Your email is not shared with anyone.

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

    Joined:
    Oct 1, 2001
    Messages:
    12,512
    Likes Received:
    17
    Location:
    north of the equator

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

    HollowHead Firm member

    Joined:
    May 16, 2005
    Messages:
    24,946
    Likes Received:
    2,927
    Location:
    Where the buffalo roam
    Only for SHTF scenarios lasting more than four hours. HH
     

  3. Atlas

    Atlas transmogrifier

    Joined:
    Oct 1, 2001
    Messages:
    12,512
    Likes Received:
    17
    Location:
    north of the equator
    :rofl:
     
  4. Dennis in MA

    Dennis in MA Get off my lawn

    Joined:
    Aug 16, 2001
    Messages:
    42,700
    Likes Received:
    2,815
    Location:
    Taunton, MA
    :rofl::rofl:

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

    mhill

    Joined:
    Dec 7, 2001
    Messages:
    861
    Likes Received:
    0
    Location:
    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

    Joined:
    Feb 1, 2005
    Messages:
    25,738
    Likes Received:
    3,617
    Location:
    CO & Baden –Württemberg
    You forget viagra:tongueout:
     
  7. Atlas

    Atlas transmogrifier

    Joined:
    Oct 1, 2001
    Messages:
    12,512
    Likes Received:
    17
    Location:
    north of the equator
    5 posts previous my friend..
     
  8. GVFlyer

    GVFlyer Senior Member

    Joined:
    Sep 9, 2008
    Messages:
    11,950
    Likes Received:
    3,717
    Location:
    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. railfancwb

    railfancwb

    Joined:
    Sep 19, 2008
    Messages:
    7,761
    Likes Received:
    1,360
    Location:
    Shelbyville, Tennessee TN
    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.


    Posted using Outdoor Hub Campfire