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Invest in Gold

Posted on 11/9/12 at 3:59 pm
Posted by Vood
Enjoying a Forty with Lando
Member since Dec 2007
8332 posts
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.

Posted by dewster
Chicago
Member since Aug 2006
25311 posts
Posted on 11/9/12 at 4:11 pm to
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 11/9/12 at 4:15 pm
Posted by Vood
Enjoying a Forty with Lando
Member since Dec 2007
8332 posts
Posted on 11/9/12 at 4:45 pm to
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.

Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/9/12 at 7:35 pm to
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.
Posted by Bunk Moreland
Member since Dec 2010
53028 posts
Posted on 11/9/12 at 7:56 pm to
Isn't cash better if things go deflationary?
Posted by Tmacelroy12
Houston
Member since Aug 2012
5489 posts
Posted on 11/10/12 at 1:22 am to
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 11/10/12 at 1:40 am
Posted by ItNeverRains
37069
Member since Oct 2007
25397 posts
Posted on 11/10/12 at 6:07 am to
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'

Posted by VanRIch
Wherever
Member since Sep 2007
10367 posts
Posted on 11/10/12 at 12:25 pm to
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.
Posted by LSUcam
Destin FL
Member since Dec 2011
381 posts
Posted on 11/10/12 at 11:17 pm to
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?
Posted by Dead Mike
Cell Block 4
Member since Mar 2010
3375 posts
Posted on 11/11/12 at 3:41 pm to
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.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51475 posts
Posted on 11/11/12 at 6:25 pm to
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.
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 11/11/12 at 6:31 pm to
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
Posted by lsuoilengr
Member since Aug 2008
4766 posts
Posted on 11/12/12 at 4:13 am to
The Coming Boom

Predicting the future is hard brah
Posted by Tigris
Mexican Home
Member since Jul 2005
12346 posts
Posted on 11/12/12 at 7:15 am to
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.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5880 posts
Posted on 11/12/12 at 7:15 pm to
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.
Posted by tigeryat
God's Country
Member since Oct 2005
2911 posts
Posted on 11/12/12 at 7:41 pm to
Misery loves company.

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