Gold $12000.00 Ounce????

jodeh43 · #1 12-18-2014

Who agrees with this? I might have to buy me some gold asap.

http://www.gold-eagle.com/article/go...2600-year-2020

BiN4RY · #2 12-18-2014

People also predicted Bitcoins to reach $10,000 by now a year ago, and look how that turned out

**ilcarletto** · #3 12-18-2014

They just spread the "word" around to pump up sales... eventually the price will go up but it is not a "must".

Anyway gold is much different from bitcoin stuff.

jodeh43 · #4 12-18-2014

Well i do notice that the prices are pretty cheap so it might be good to buy some anyways.

RosieTosie · #5 12-18-2014

Quote:

Originally Posted by ilcarletto

They just spread the "word" around to pump up sales... eventually the price will go up but it is not a "must".

Anyway gold is much different from bitcoin stuff.

Couldnt have put it better, no comparison!

rsot · #6 12-18-2014

The art of supply and demand - drive up the demand...drive up the prices a la scam

john007 · #7 12-18-2014

If there's one thing I can recommend you buying is that you buy oil stocks, they have been pummeled to ridiculous prices. Oil will never stay down I guarantee that.

rsot · #8 12-18-2014

For the time being, you can short the oil stocks then go for long hold

trosky · #9 12-18-2014

Time to buy some more USO

yankee · #10 12-18-2014

I sold all my silver and gold off before this big drop the past few years. Gold and silver is a bargain now but LONG term hold for North America. Double triple money every month online or maybe double tripping silver/gold over the next decade...

That is how my mind sees it.

Salvo · #11 12-18-2014

Meh, I'd rather invest in dividend paying stocks. When they are low you buy more and earn more. 10, 20, hell 30 years from now it will have made more than gold or silver ever would of.

Simple rule is every 1 million $ in stocks you own, you'll earn around $50000 in dividends a year (5%, average return). You can reinvest these quarter after quarter, thus increasing your overall income for the next year, or you can "retire" and just take the income instead of reinvesting.
2 mil is ~$100k/year!

That is my (very)long term goal right now, to hit $1,000,000 in a portfolio.
Buying and sitting on gold/silver will do nothing to further that IMO.
Besides, gold hit a high in 2011 at $1600/oz and has never come close.
To think it'll become 10x the value...
Gold Price

yankee · #12 12-18-2014

In 2011 I made 137% in silver. Way to slow and taxed to high at a flat 20%

Stocks unless day traded are not very interesting ROI to me. Even if they doubled annually.

Very hard to leverage stocks or Bullion.

It is pretty easy for a business to raise millions in working capitol if they have transactions.

If I had $1,000,000.00 in stocks I may be able to borrow against a minority share and backed by the paper asset.
Have a business flipping a million dollars and you can get several million in unsecured liquid assets and be turning OPM money away.

secret storm · #13 12-24-2014

At one time I thought gold and silver was an excellent long term investment.

However gold is lower now then it has ever been in ages. When it should be near its all time high with all the troubles in the world.

The biggest red flag for me that is worse than all the problems in the world is all of these companies spending massive, massive, MASSIVE, advertising budgets trying to sell you gold and silver!

I still purchase precious metals but I buy today and sell tomorrow. I even buy today and sell today if I can flip it that quickly.

Because its very dangerous and you dont want to be caught holding the bag I could see gold going down to $900. There is no reason why it shouldnt be as low as it is right now.

vettefever17 · #14 10-31-2015

I wish I had seen this thread when it was created. Gold and silver will never be as precious and valuable as people assume. Why? Because what it is intended for as a hedge, ultimately you dont want to be in a position to rely on its value because everything else has failed at that point (fiat currency and the economy). Precious metals are just like anything else. Just because we glamorize it and like the shine doesn't mean it is special. It is ruled by the almighty supply and demand.

With what was said above, the best way to trade precious metal is when you either a. see a time when the supply is needed for electronics, or b. when you see fear and volatility in the market. It really is that simple. Short term gains are easy to obtain in precious metals because they are not as erratic unless in momo mode (momentum). This is when you can hold for longer terms and up your risk. Trust me on this subject, I used to scrap and trade precious metals and laugh at the price as I collected profit from it.

vogeltron · #15 02-04-2016

Bought gold mining shares on Jan 21st. Already up 20-30%. Been going up 5-10% a day. Gold and Silver have been in a bear market for the last 3-4 years. It looks like it is starting to enter a bull market as Global GDP is going negative. The mining stocks in South Africa look particularly attractive because the of the huge fall in the Rand. Gold mining has never been more profitable their. Personally I am scrambling to find money to purchase more, I see the Large producers going up 5 fold and many of the junior miners going up 10x.

rsot · #16 02-04-2016

Some of the gold company penny stocks are also looking attractive...

vogeltron · #17 02-05-2016

Quote:

Originally Posted by rsot

Some of the gold company penny stocks are also looking attractive...

Canadian mining companies look very intriguing also. Especially for USD investors the Loonie drop has made gold mining more profitable there as well. I wouldn't be buying stocks with mines in Nevada or the U.S. The value plays look much better elsewhere. Most of the penny stocks are usually exploration companies but I agree if this is the beginning of a bull market those stocks will be lifted as well, I never look at those as longer term plays though.

newjerseymax · #18 02-05-2016

Right now with few exceptions my portfolio biggest winner in last 6 months is Gold... I just felt the need to hedge recently with this long Bull Run that seems like its coming to an end....

Oil so low that many predict that banks will have some of the same issues as when the realty bubble busted....

Start to look for some good buying opportunities! Some Sectors already in recession...

It has been an ugly 12 months that's for sure....

I still say BUY BUY BUY

vogeltron · #19 02-11-2016

Well Gold has been made a nice move and the Mining Stocks have done very well. Do I smell a Bull Market is Gold & Silver?

rsot · #20 02-11-2016

Gold went up $60 today - wow impressive! Oil keeps falling...

yankee · #21 02-11-2016

Be cautious just before the election and immediately after if you are buying USA gold/silver linked stocks. Take a good look at 2008 and 2012 prices and add in the fact we are in what might be a massive economic melt down world wide with us being the cream of the crop of the mess lol

vogeltron · #22 02-12-2016

Quote:

Originally Posted by yankee

Be cautious just before the election and immediately after if you are buying USA gold/silver linked stocks. Take a good look at 2008 and 2012 prices and add in the fact we are in what might be a massive economic melt down world wide with us being the cream of the crop of the mess lol

There are hardly any Gold mines in the United States. Almost all the major the Mining companies are based out of Canada or South Africa with mines globally. The South African Rand Gold is hitting all time highs as well as other currencies. As some of our Canadian friends will tell you the CAD has fallen sharply vs the USD and Gold prices are much higher in CAD terms. With Negative interest rates policies coming the US by the end of the year I will take my chances on Gold. Not to mention it looks like there is 500 paper ounces of Gold floating around for every one Physical at the COMEX.

In my opinion there is no Rush like a Gold Rush!!!!!!!!!!!