Gold rush people

[tallywacker]

http://www.youtube.com/watch?v=GlworUA84k4

http://www.youtube.com/watch?v=yOynBwfpOMU

http://www.youtube.com/watch?v=kjqfUZD6eDE

[goof2]

I doubt Beck's fans have much of an effect. Investing in commodities makes some sense right now. Gold prices have risen as a result, but that increase is relatively small when compared to the increases in copper, silver, platnum, or other metals.

[Avatard]

Originally Posted by goof2

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

This.

[Avatard]

Know what could come to be worth serious money? Rare earths, especially if China puts on the squeeze.

[Smittie61984]

Originally Posted by tallywacker

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.

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

[tallywacker]

Originally Posted by Smittie61984

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

I just think Glenn Beck is a very smart man that uses a preacher like style to peddle goods.

[Captain Morgan]

Originally Posted by Smittie61984

Is anything he said false? I don't know much about gold or investments of that nature so I have no clue if what he is saying is bullshit or true or slightly true. My only knowledge of gold is that it had value 1000 years ago so I assume it'll have value 1000 years from now.

Yet I still don't own a single peice of gold including gold leaf.

"having value" does not mean it's a good investment. Sure, it could possibly have value in 1000 years, but will that value be higher than it is now? However, since none of us are going to live for 1000 years, it's better to think of it in terms of what value it will have in the next 20 to 50 years, depending on when you will be retiring. There's a pretty good chance that gold's value will be less than what it is now, considering it's at some of the highest values in many decades.

[goof2]

Originally Posted by Captain Morgan

"having value" does not mean it's a good investment. Sure, it could possibly have value in 1000 years, but will that value be higher than it is now? However, since none of us are going to live for 1000 years, it's better to think of it in terms of what value it will have in the next 20 to 50 years, depending on when you will be retiring. There's a pretty good chance that gold's value will be less than what it is now, considering it's at some of the highest values in many decades.

Gold was worth significantly more ($500+ more per ounce) in the early 80s than it is now after adjusting for inflation.

[Avatard]

Because it's not that rare, and it's not that hard to mine.

[Particle Man]

Originally Posted by Avatard

Because it's not that rare, and it's not that hard to mine.

Artificial shortage FTW