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re: Gold: It's basically f'd

Posted on 2/25/11 at 10:34 am to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 2/25/11 at 10:34 am to
quote:

They are now offering 4x leverage (financing with only 25% down).


Wait a sec. I thought this was only because the dollar is going to hell. It's just a safe, conservative investment. Nobody is gambling on gold, right?
Posted by John Merlyn
Member since Oct 2009
2203 posts
Posted on 2/25/11 at 10:45 am to
I recently travelled to Toronto and my cabby was asking me if I thought Gold was a good investment.



I'll get short at the appropriate time.
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