Arctic_Builder Posted June 24, 2013 Share Posted June 24, 2013 For you current investors out there, I thought this might be an interesting discussion. The price of Gold has hit two year record bottoms due to inflation fears (curse the Federal Reserve). What are your thoughts? Would you buy or would you wait? Or would you just invest in Legos?http://www.thestreet.com/story/11956078/1/gold-plummets-as-inflation-fears-ebb.html Quote Link to comment Share on other sites More sharing options...
Grolim Posted June 24, 2013 Share Posted June 24, 2013 Inflation seems inevitable given the levels of Quantitative Easing (read printing money) that has occurred. I'm not a fan of investing in gold or other similar asset classes personally. I prefer stocks as you can research a company to at least feel like you are making an informed investment decision. Or just put it all in Lego 1 Quote Link to comment Share on other sites More sharing options...
emes Posted June 24, 2013 Share Posted June 24, 2013 For you current investors out there, I thought this might be an interesting discussion. The price of Gold has hit two year record bottoms due to inflation fears (curse the Federal Reserve). What are your thoughts? Would you buy or would you wait? Or would you just invest in Legos?http://www.thestreet.com/story/11956078/1/gold-plummets-as-inflation-fears-ebb.html Keep selling gold if you have any. It has much further to drop before it hits bottom. Quote Link to comment Share on other sites More sharing options...
LowestFormOfWit Posted June 24, 2013 Share Posted June 24, 2013 Sell off gold. Buy up Mr. Gold. Worth more per ounce. Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 If you think gold prices are dropping due to inflation fears.......you should not be investing in commodities--because that is completely wrong, and makes no sense. Also--- not to be mean...but the article you cite says the complete opposite of your theory. Reading comprehension is very important when investing. Ebb means to recede. Fears of inflation are lessening...as the fed is is pulling out of qe2 bond buying....hence the drop in gold prices. Quote Link to comment Share on other sites More sharing options...
LowestFormOfWit Posted June 24, 2013 Share Posted June 24, 2013 Saying something like "Not to be mean" one sentence before a snarky jab at his reading comprehension kind of removes any genuine meaning the words had initially. 4 Quote Link to comment Share on other sites More sharing options...
Snowcrash Posted June 24, 2013 Share Posted June 24, 2013 If you do pull the trigger, betting either long or short, I would personally carefully hedge my position and/or keep tight stops. If taking physical delivery I'd keep it close and tell no one. I'd also expect more volatility in the next few months, but at some point there very well could be a fierce rally and sharp retracement depending on any number of factors. Something about trying to catch a falling knife comes to mind... Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 Good point. I am mean. Don't buy gold. Hedging and stops? Physical delivery? I doubt someone who can't comprehend the words to an article they post is serious about investing.....stick to legos. If you are serious about wanting to invest in metal...go to apmex and buy their brand ounce rounds of silver. If price drops to less than 20 per..back up the f-ing truck and go all in. Quote Link to comment Share on other sites More sharing options...
Veegs Posted June 24, 2013 Share Posted June 24, 2013 Saying something like "Not to be mean" one sentence before a snarky jab at his reading comprehension kind of removes any genuine meaning the words had initially. It is always a precursor to something mean. Literally always. Quote Link to comment Share on other sites More sharing options...
stephen_rockefeller Posted June 24, 2013 Share Posted June 24, 2013 Looks like we have some "experts" here! Quote Link to comment Share on other sites More sharing options...
LowestFormOfWit Posted June 24, 2013 Share Posted June 24, 2013 It's the "No offense" followed by something offensive model. We should just start saying it outright. "I want to insult you, but without any form of retaliation." It's very have your cake and eat it, too. Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 Since you are posting about inflation...and obviously have no idea even what the word means....I think you are a total moron.and I am not sure how to break this to you gently but...... Carry on with your interesting discussion. With all due respect..... Quote Link to comment Share on other sites More sharing options...
LowestFormOfWit Posted June 24, 2013 Share Posted June 24, 2013 Now you're just reversing the model, putting it at the end instead. =/ Quote Link to comment Share on other sites More sharing options...
spener90 Posted June 24, 2013 Share Posted June 24, 2013 Some of the more pessimistic "experts" (market experts are like Lego store employees) are calling for a 750 bottom. I personally don't know. The only times I get into the market now are at very low points where I don't feel it can go much lower (logical, huh?), so I tend to spend a large portion of my time on the outside looking in. It makes it harder to get slaughtered. My advice is, if you are asking us, it likely means you have some doubts about it, which would probably mean you are better off just holding onto your cash. Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 Interesting literary device...that. Perhaps the op has a 4204? He is in Alaska after all.....keep digging! Quote Link to comment Share on other sites More sharing options...
LowestFormOfWit Posted June 24, 2013 Share Posted June 24, 2013 Sagely advice. Off-topic, though, I'm pretty sure there's an unspoken rule about not using forum badges outside your rank as avatars, especially a tag like Administrator. Kind of like the forum version of impersonating a cop, except obviously much less illegal. Quote Link to comment Share on other sites More sharing options...
Snowcrash Posted June 24, 2013 Share Posted June 24, 2013 Silver below $20... Quote Link to comment Share on other sites More sharing options...
Darthpunk Posted June 24, 2013 Share Posted June 24, 2013 Someone seems to have a very inflated ego. But despite that his stock is dropping rapidly. Now is the time to be selling gold and buying Legos! Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 The rounds....not the spot. Quote Link to comment Share on other sites More sharing options...
Alcarin Posted June 24, 2013 Share Posted June 24, 2013 Gold = SELL SELL SELL.... gold will plummet wirthin the next 2-4 years. UNLESS we hit an amazing crisis that would pretty much devalue everything except food and water. then gold will be 3rd best option Quote Link to comment Share on other sites More sharing options...
willy431 Posted June 24, 2013 Share Posted June 24, 2013 http://m.youtube.com/#/watch?v=_KlzokCH_ws&desktop_uri=%2Fwatch%3Fv%3D_KlzokCH_ws Quote Link to comment Share on other sites More sharing options...
Snowcrash Posted June 24, 2013 Share Posted June 24, 2013 Did you also crash the price of gold willy? :) Quote Link to comment Share on other sites More sharing options...
spener90 Posted June 24, 2013 Share Posted June 24, 2013 Sagely advice. Off-topic, though, I'm pretty sure there's an unspoken rule about not using forum badges outside your rank as avatars, especially a tag like Administrator. Kind of like the forum version of impersonating a cop, except obviously much less illegal. Did it for a laugh... You are the first to comment, I will be finding a new one to change it to. I figured with the "Administrator" being almost entirely cut off that it would be pretty clear. It wasn't actually meant to be long term (considering I think I changed it last Thursday or Friday). Someone seems to have a very inflated ego. But despite that his stock is dropping rapidly. Now is the time to be selling gold and buying Legos! I'm guessing you are referring to my recent caution in some posts? I just think there might be some bumps in the road for some investors and their expectations. Quote Link to comment Share on other sites More sharing options...
Darthpunk Posted June 24, 2013 Share Posted June 24, 2013 Not all spener90, I actually agree with you. I was referring to someone else. Much like the housing market was, the gold market is and possibly the lego market could be, you shouldn't play unless you can afford to,lose. Quote Link to comment Share on other sites More sharing options...
spener90 Posted June 24, 2013 Share Posted June 24, 2013 Not all spener90, I actually agree with you. I was referring to someone else. Much like the housing market was, the gold market is and possibly the lego market could be, you shouldn't play unless you can afford to,lose. I didn't think so, but I have been a bit more outspoken, not necessarily against but in taking extreme caution, about new investors coming in and just throwing money at particular sets. I know I started a year and a half ago, and there are plenty of sets that I either would have bought or did buy and slightly regret (More Maersk Train!!!). Hope the new picture is better. I only work in black, and sometimes, very very dark gray! Quote Link to comment Share on other sites More sharing options...
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