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Started By
Message
re: $1,500 Gold Just Passed It
Posted on 4/20/11 at 9:10 am to WNCTiger
Posted on 4/20/11 at 9:10 am to WNCTiger
The stocks that I bought a little over two years ago have doubled in price since then plus I have been paid almost $15,000 in dividends on those stocks. My advice has done well, thanks for asking.
1
Posted on 4/20/11 at 9:24 am to GumboPot
quote:
This would suggest that gold is currently undervalued
I'm just asking, I'm not saying it is or is not, but what about this suggests that gold is currently undervalued? FWIW I think WNCTiger, Rivers, RaisnCane, and TuDog are all the same person.
Posted on 4/20/11 at 9:26 am to kfizzle85
Actually I take that back, WNCTiger is just the non-AAPL version of Scoop.
Posted on 4/20/11 at 10:19 am to kfizzle85
quote:
I'm just asking, I'm not saying it is or is not, but what about this suggests that gold is currently undervalued?
Russian pointed out that gold has under performed based on the inflation adjusted price. If gold were to return to it's inflation adjusted price, the price per oz. would be $2,400. Gold appears to be undervalued based on that metric alone.
BTW, I own no PMs (except a coin collection and few grams of natural gold nuggets). My investments are in "paper"
Posted on 4/20/11 at 11:18 am to GumboPot
That implies that gold wasn't in a bubble at the baseline price. Given that its managed to not reach that price in the past 30 years or whatever, I think its safe to say that it was in a bubble. That's like saying "based on the fact that the Nikkei is still below its 1987 inflation adjusted price, it must be undervalued." Its backwards.
Posted on 4/20/11 at 11:45 am to kfizzle85
quote:
Who cares whether $75k is a lot of money, its money, therefore, its practically worthless to begin with
Actually, dollars are currency, not money. But, I don't necessarily disagree with you other than maybe phrasing it as "its practically going to be worth less over time, but in the meantime, it'll buy me a lot of silver and gold".
Posted on 4/20/11 at 1:13 pm to kfizzle85
Honestly if America doesn't get its debt under control along with the EU among others....why wouldn't gold continue it's parabolic rise? The detractors think that gold is experiencing a bubble....but what will make it burst?
Posted on 4/20/11 at 1:26 pm to Shankopotomus
quote:
Honestly if America doesn't get its debt under control along with the EU among others....why wouldn't gold continue it's parabolic rise? The detractors think that gold is experiencing a bubble....but what will make it burst?
Alchemy?
Seriously, if the Fed terminates QE2 in June and does not start up QE3, PMs should level off for a good while?
Posted on 4/20/11 at 1:29 pm to Shankopotomus
quote:
Honestly if America doesn't get its debt under control along with the EU among others....why wouldn't gold continue it's parabolic rise?
Nothing.
quote:
The detractors think that gold is experiencing a bubble....but what will make it burst?
The opposite of question 1.
Posted on 4/20/11 at 1:32 pm to kfizzle85
is anyone out there selling credit default swaps on US Treasuries?
Posted on 4/20/11 at 1:44 pm to Shankopotomus
Yep, they sure are.
Posted on 4/20/11 at 1:46 pm to kfizzle85
this is really available out there? who is selling the insurance?
Posted on 4/20/11 at 1:52 pm to Shankopotomus
Posted on 4/20/11 at 1:58 pm to kfizzle85
I use term purposely
Pretty interesting stuff, I wonder if anyone on the board is betting on the US to default on their own treasuries....especially if they stop QE2 and don't go on to QE3
Pretty interesting stuff, I wonder if anyone on the board is betting on the US to default on their own treasuries....especially if they stop QE2 and don't go on to QE3
Posted on 4/20/11 at 2:15 pm to Shankopotomus
Although we've got people that claim 75k is just pennies, I highly doubt anyone here has anything remotely close to enough (and without question lacking the expertise to even begin to figure out how to execute the transaction) money/currency/gold/silver/paladium/horses to do so. Others will debate this, but again, we print our own money. Its like an option contract, default, or print more money. Choosing default would be like choosing to exercise an option out of the money, its factually illogical.
Posted on 4/20/11 at 2:16 pm to LSURussian
quote:
The stocks that I bought a little over two years ago have doubled in price since then plus I have been paid almost $15,000 in dividends on those stocks. My advice has done well, thanks for asking.
Should've bought Silver then.
By my count it's up about 250% in one year.
Posted on 4/20/11 at 2:58 pm to joshnorris14
And much in dividends would I have received from it?
Posted on 4/20/11 at 3:00 pm to LSURussian
quote:
And much in dividends would I have received from it?
Given that you were paid $15,000 in dividends in two years, I would wager that extra 50% (give or take a few points) in one year would cover that and then some.
Posted on 4/20/11 at 3:03 pm to joshnorris14
You lose lots of wagers, don't you? Explain negative interest rates again, please.....
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