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Started By
Message
Gold: It's basically f'd
Posted on 2/25/11 at 10:32 am
Posted on 2/25/11 at 10:32 am
I just saw a commercial for one of those gold sellers.
They are now offering 4x leverage (financing with only 25% down).
I'm pretty sure this is going to cause the next recession.
They are now offering 4x leverage (financing with only 25% down).
I'm pretty sure this is going to cause the next recession.
4
Posted on 2/25/11 at 10:33 am to TheHiddenFlask
Eventually yes, but not for a year or two is my guess...
Posted on 2/25/11 at 10:34 am to TheHiddenFlask
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 on 2/25/11 at 10:45 am to foshizzle
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.
I'll get short at the appropriate time.
Posted on 2/25/11 at 10:48 am to John Merlyn
as the dollar continues to devalue, gold and silver will go up in price...is there a ceiling? who knows, i think we are far from it...$1500 an ounce gold will seem like a bargain in the future, much like $50 an ounce silver will...you can flame and say it will never happen, however, the dollar will crash, and a lot sooner than a decade from now
Posted on 2/25/11 at 10:57 am to Tim
quote:
as the dollar continues to devalue, gold and silver will go up in price...is there a ceiling? who knows, i think we are far from it...$1500 an ounce gold will seem like a bargain in the future, much like $50 an ounce silver will
I agree with this over the next 2-4 years.
quote:
the dollar will crash
I think it'll definetly go down...I don't think it will collapse.
In short, I believe we are in the midst of a commodity bull market. The bull market (or bubble) will eventually pop. Many of the people who are making a killing with physical gold/silver will make a fortune, and then lose it during said bubble.
Posted on 2/25/11 at 11:04 am to LSU0358
quote:
and then lose it during said bubble.
unless you bail before the bubble burst...greed is what usually kills most people...be happy with the gains and move on
Posted on 2/25/11 at 11:16 am to Tim
quote:
the dollar will crash
I don't care much. My assets are in real estate and various index funds, not dollars.
Posted on 2/25/11 at 11:18 am to TheHiddenFlask
quote:
I just saw a commercial for one of those gold sellers.
They are now offering 4x leverage (financing with only 25% down).
I'm pretty sure this is going to cause the next recession.
How many people are really getting in on this silliness?
Posted on 2/25/11 at 11:36 am to Y.A. Tittle
quote:
How many people are really getting in on this silliness?
Probaly not many...remember even with 4x leverage cash must be put up for it. That eliminates the vast majority of Americans right off the bat.
Posted on 2/25/11 at 12:41 pm to TheHiddenFlask
quote:
I just saw a commercial for one of those gold sellers.
They are now offering 4x leverage (financing with only 25% down).
What I don't understand is the same people paying good money in advertising to sell you gold for protection against a decreasing fiat currency, turn around and accept your fiat currency in exchange for their gold. I know these guys have to make a living by moving the gold, but I just thought I'd point out a little irony here.
quote:
I'm pretty sure this is going to cause the next recession.
Probably not. The PM market is extremely small compared to the equities market.
Posted on 2/25/11 at 7:06 pm to Tim
quote:
as the dollar continues to devalue, gold and silver will go up in price
Thanks, I forgot all about remedial economics.
Would you like to point out the intricacies of the drivers of inflation?
Also, why is gold superior to TIPS?
Also, if you believe gold is going to be driven by inflation, why is it superior to just shorting the dollar in the futures market, or shorting interest rate futures?
Please, I beg you, enlighten me.
Posted on 2/25/11 at 7:06 pm to GumboPot
quote:
Probably not. The PM market is extremely small compared to the equities market.
I know, that was a bit of hyperbole.
Posted on 2/25/11 at 9:19 pm to TheHiddenFlask
Because I don't trust (/understand) this system anymore. Do you?
This post was edited on 2/25/11 at 9:22 pm
Posted on 2/25/11 at 9:48 pm to TheHiddenFlask
quote:
Also, why is gold superior to TIPS?
Serious question here. With TIPS the increase in value so to speak is based upon the CPI. However, the CPI does not include energy or food. I know my gas cost has risen a bunch. I have a 28 month old girl and milk has gone from 3.59 to 4.29 in the last 2 years. So to me TIPS are getting screwed. Why wouldn't you be better off buying rising rate funds and shorting the Lehman bond index?
Posted on 2/25/11 at 11:07 pm to saint308
quote:
saint308
TIPS have significant flaws, to be honest. I was just throwing out an easy one. The other two are much more suitable, though.
Posted on 2/25/11 at 11:21 pm to kfizzle85
Not to mention, you can still get Single BK Stackers for $1 each.
Posted on 2/25/11 at 11:31 pm to Doc Fenton
Let's keep this nerdy, shall we: Big Mac Index FTFW
Yet still directly relevant to this thread. Boom, son.
Yes, I'm impressed with myself, let me be.
Yet still directly relevant to this thread. Boom, son.
Yes, I'm impressed with myself, let me be.
Posted on 2/25/11 at 11:38 pm to kfizzle85
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