- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Just dumped some cash and bought gold, good or bad?
Posted on 8/16/14 at 12:23 pm to Ole War Skule
Posted on 8/16/14 at 12:23 pm to Ole War Skule
quote:
If you want to speculate, fine, but don't pretend you're 'investing' in something.
So why is it when I talk with my financial planner all my equities are investments but when I told him I was buying some gold he said "gold is historically high, I would not buy it at all but if you do wait for it to drop below $1000 an oz". When I buy company stock every two weeks am I not speculating that my companies revenues will grow and profits rise? I work for a large fortune 500 company and to be honest our revenues since 2007 have been nearly flat when factoring in inflation and probably worse if true inflation is calculated, now profits have been ok because we have reduced head count and any new hires don't get the same deal as employees prior to 2007.
2
Posted on 8/16/14 at 12:28 pm to JoeMoTiger
Would you mind telling us what Fortune 500 company you work for? I'd like to short it.
Thanks.
Thanks.
This post was edited on 8/16/14 at 12:33 pm
Posted on 8/16/14 at 5:39 pm to JoeMoTiger
So why is it when I talk with my financial planner all my equities are investments but when I told him I was buying some gold he said "gold is historically high, I would not buy it at all but if you do wait for it to drop below $1000 an oz".
Did he also tell you stocks are historically high, I would wait for a correction before I bought any at all?
While interest rate increases have driven down the price of metals in the past these artificial low rates are as just as likely to hammer stocks when they rise and that is what the fed is absolutely terrified of.
Stocks and metals both have their place in a portfolio, but nothing has ever remained as overpriced as stocks are right now. Either fundamentals have to vastly improve without upward motion in the market or prices will come down, you decide which is more likely and place your bets accordingly.
Did he also tell you stocks are historically high, I would wait for a correction before I bought any at all?
While interest rate increases have driven down the price of metals in the past these artificial low rates are as just as likely to hammer stocks when they rise and that is what the fed is absolutely terrified of.
Stocks and metals both have their place in a portfolio, but nothing has ever remained as overpriced as stocks are right now. Either fundamentals have to vastly improve without upward motion in the market or prices will come down, you decide which is more likely and place your bets accordingly.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News