Gold rush people

pauldun170 · 11-18-2010, 02:10 PM

http://www.marketwatch.com/story/why...ent-2010-11-12

Homeslice · 11-18-2010, 05:36 PM

I don't know who would be dumb enough to consider it a full replacement for stocks.......But there's nothing wrong with giving it say 5% of your portfolio. And as for "offers no income, no dividend, no earnings", you could always invest in mining stocks instead of the actual metal.

goof2 · 11-18-2010, 11:57 PM

Gold will continue to be a good investment right up until it isn't. That is no different than tech stocks, oil, real estate, or any number of other investments.

No Worries · 11-19-2010, 01:44 AM

Why buy gold or gold stocks when you can pan the stuff right out of the stream? Up in Blackhawk, they built a ton of Casinos right next to Clear Creek, a great place for panning gold. So you can gamble either way.

I know of several sand and gravel quarries that made more money from the gold they washed out from the sand than they did from selling the sand and gravel.

Smittie61984 · 11-19-2010, 06:52 PM

I invest in bullets and flame throwers. Gold will do you no good when th zombies attack.

Avatard · 11-21-2010, 12:22 AM

Quote:

Originally Posted by goof2

Gold will continue to be a good investment right up until it isn't.

This.

tallywacker · 11-19-2010, 07:18 PM

Thank Glenn Beck for the amazing marketing to idiots.

Homeslice · 11-19-2010, 08:45 PM

Quote:

Originally Posted by tallywacker

Thank Glenn Beck for the amazing marketing to idiots.

That's a big part of it.

As well as the "canned food & ammo" crowd

Smittie61984 · 11-19-2010, 11:22 PM

Quote:

Originally Posted by Homeslice

That's a big part of it.

I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

tallywacker · 11-20-2010, 11:15 AM

Quote:

Originally Posted by Smittie61984

I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

Have you ever heard a Glenn Beck gold ad? He makes the listener feel his is going to fail his family if he doesn't invest in gold.

11-19-2010, 06:52 PM	#5
Smittie61984 I give Squids a bad name Join Date: Mar 2008 Location: Fly Over State Moto: 1996 CBR600 F3 (AKA the Flying Turd) Posts: 4,742	I invest in bullets and flame throwers. Gold will do you no good when th zombies attack. __________________ lifts - R.I.P.

11-19-2010, 07:18 PM	#7
tallywacker Virtual Machine Join Date: Mar 2008 Location: PA Moto: 2010 Ducati Hypermotard Posts: 1,698	Thank Glenn Beck for the amazing marketing to idiots. __________________

11-18-2010, 05:36 PM	#2
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	I don't know who would be dumb enough to consider it a full replacement for stocks.......But there's nothing wrong with giving it say 5% of your portfolio. And as for "offers no income, no dividend, no earnings", you could always invest in mining stocks instead of the actual metal.

11-18-2010, 11:57 PM	#3
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	Gold will continue to be a good investment right up until it isn't. That is no different than tech stocks, oil, real estate, or any number of other investments.

11-19-2010, 01:44 AM	#4
No Worries Keyboard Racer Join Date: Feb 2008 Location: Mile High City Moto: Old Superbikes Posts: 1,016	Why buy gold or gold stocks when you can pan the stuff right out of the stream? Up in Blackhawk, they built a ton of Casinos right next to Clear Creek, a great place for panning gold. So you can gamble either way. I know of several sand and gravel quarries that made more money from the gold they washed out from the sand than they did from selling the sand and gravel.