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Vood 
Air Force Fan
Enjoying a Forty with Lando
Member since Dec 2007
5711 posts
| Invest in Gold (Posted on 11/9/12 at 3:59 pm)
Invest as much as you can in Gold, because everything else is about to take a massive hit. It looks like we are about to enter a major recession.
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dewster 
Maryland Fan
TN
Member since Aug 2006
4734 posts
 Online
| re: Invest in Gold (Posted on 11/9/12 at 4:11 pm to Vood)
You sound certain of this. I'm not saying it isn't going to happen, but there have been a few times over the past 2 years where I thought we were headed back into a recession.
This post was edited on 11/9 at 4:15 pm
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Vood
Air Force Fan
Enjoying a Forty with Lando
Member since Dec 2007
5711 posts
| re: Invest in Gold (Posted on 11/9/12 at 4:45 pm to dewster)
I am not certain, but it looks like the layoffs are starting that were held off because of the election and the stock market has seen better days.
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foshizzle 
LSU Fan
Member since Mar 2008
25472 posts
| re: Invest in Gold (Posted on 11/9/12 at 7:35 pm to Vood)
Why not real estate instead? Taking the tax break and inflation into consideration and you are borrowing at negative real rates. Can't do that with gold, plus you can rent a property and get a return.
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Bunk Moreland 
Michigan Fan
Detroit, MI
Member since Dec 2010
3409 posts
| re: Invest in Gold (Posted on 11/9/12 at 7:56 pm to Vood)
Isn't cash better if things go deflationary?
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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts
| re: Invest in Gold (Posted on 11/10/12 at 1:22 am to Bunk Moreland)
quote:
Isn't cash better if things go deflationary?
I don't think so, even though you have more purchasing power, you have to think of opportunity costs. You could make a greater return on investing, greater than the deflationary rate.
This post was edited on 11/10 at 1:40 am
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4815 posts
| re: Invest in Gold (Posted on 11/10/12 at 6:07 am to foshizzle)
In most markets, Real estate is better than gold right now. As long as investor loans are under 4% and lending laws staying the way they are, real estate is an easy 20% return on your initial investment yearly as well as the equity building aspects.
I do not see gold yielding a consistent 20% return yearly. I am we'll documented about how heavy I went into gold/silver on this board in 08'
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VanRIch
LSU Fan
Covington, La
Member since Sep 2007
2280 posts
| re: Invest in Gold (Posted on 11/10/12 at 12:25 pm to ItNeverRains)
I'm getting ready to buy some gold coins from my paw-in-law. Been reading a lot of positive things about the outlook for 2013.
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LSUcam
LSU Fan
Destin FL
Member since Dec 2011
381 posts
| re: Invest in Gold (Posted on 11/10/12 at 11:17 pm to Vood)
While everyone bails out of solid company stocks for useless over-allocated positions in gold, I will buy your companies at a discount and make a healthy return because I know companies are able to generate cash flows in the current environment while your gold... looks pretty?
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Dead Mike
LSU Fan
Cell Block 4
Member since Mar 2010
1523 posts
| re: Invest in Gold (Posted on 11/11/12 at 3:41 pm to LSUcam)
I've been investing heavily in gold recently, mostly chains, watches and grills. I like to keep my assets liquid, something I can dump at a pawn shop if I'm in a rough spot.
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Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12894 posts
| re: Invest in Gold (Posted on 11/11/12 at 6:25 pm to Dead Mike)
Gold is up almost $100 since the election.
Unless something is done about the upcoming tax hike, expect it to go higher the closer we get to the end of the year.
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jso0003 
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4469 posts
| re: Invest in Gold (Posted on 11/11/12 at 6:31 pm to LSUcam)
quote:
While everyone bails out of solid company stocks for useless over-allocated positions in gold, I will buy your companies at a discount and make a healthy return because I know companies are able to generate cash flows in the current environment while your gold... looks pretty?
X2
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lsuoilengr
Member since Aug 2008
569 posts
| re: Invest in Gold (Posted on 11/12/12 at 4:13 am to Vood)
The Coming Boom
Predicting the future is hard brah
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Tigris
Colorado Fan
In a van by the river.
Member since Jul 2005
4757 posts
| re: Invest in Gold (Posted on 11/12/12 at 7:15 am to Vood)
quote:
Invest as much as you can in Gold
... It looks like we are about to enter a major recession.
You need to look at the performance of gold in the 2008 recession if you believe we are entering another one. Longer term I like gold, right now it's tough to like anything other than cash because I'm also thinking the odds of a recession are too great for me to be in the market.
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goodgrin
LSU Fan
Atlanta, GA
Member since Nov 2003
1105 posts
| re: Invest in Gold (Posted on 11/12/12 at 7:15 pm to Vood)
quote:
Invest as much as you can in Gold, because everything else is about to take a massive hit
How are you investing in gold? Physical, paper, etc.
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tigeryat
LSU Fan
God's Country
Member since Oct 2005
2411 posts
| re: Invest in Gold (Posted on 11/12/12 at 7:41 pm to Vood)
Misery loves company.
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