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Expect gold price to go up

Old 12-09-20, 11:29 AM
  #26  
indyfabz
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The best part is that whether gold goes up or down, Duke & Duke get the commissions.
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Old 12-09-20, 12:16 PM
  #27  
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Originally Posted by alo View Post
I am not planning to sell you anything. I wish I had started investing earlier. Someone with some money, may think about this and decide to invest it.

I also believe the price of gold will continue to go up. There will be some times when it goes down, but the long term trend is up.
I'm sorry, I am not trying to make fun of you here. But your take on the market and in this case specifically gold, sounds as if you just left a gold seminar that someone put on at the Holiday Inn. As said earlier, yes, holding precious metals in a diversified portfolio is not necessarily a bad thing. But your assessment that "the long term trend is up" isn't that profound. Besides, there are a lot better investments out there other than gold. For that matter, in all my years of investing I've never had anyone ask me what my position on gold is.

If I had an additional $100K, gold wouldn't even be on the list of places to put it.
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Old 12-09-20, 02:30 PM
  #28  
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Many of us leave school, and start working. We are so busy working and doing the other things we do in life, that we don't have time to think about investing. We have to keep working, because we need the money, so we remain too busy to think about investing. If those in the work trap were to start investing, they may make enough money to be able to take some time off, and maybe even make enough money to stop working altogether.

There may be some who find themselves without work due to the present situation. If these people have savings, their savings may become less and less until they run out. If these people were to invest, their money may go further.

There are some on this forum who already invest, and many of them have a good knowledge of what they are doing. There are others who don't invest, and maybe never will. But there may be some who think about starting to invest.

Everyone who invests should do their own research, and decide for themselves where to invest.

If you think about, what is a good investment at the present time. There are many things that are not good investments. For example, I would not buy shares in an airline. You may buy shares cheap, and when travel resumes, you may make a lot of money. However, some airlines might go bankrupt, and you may lose it all. The same thing applies to all investments associated with the travel industry. To me it is not worth the risk.

So what are good investments at the present time? There are many different possibilities, and each person should decide for themselves.

One area where investments should increase in price is with gold and silver. Then associated industries, such as gold mines. Buying shares in companies mining copper should also be a good investment. Coca Cola is another example of a company which should survive the current situation. So you should make money if you hold Coca Cola shares for a number of years.

I am not associated with any product or company, and I am not planning to sell anything. I am just hoping for an interesting discussion.

What do others consider to be good investments at the present time?
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Old 12-09-20, 02:37 PM
  #29  
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My health.
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Old 12-12-20, 12:01 AM
  #30  
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Even the gold and silver bugs that used to haunt shortwave radio programs usually said only that precious metals offered some hedge against losses due to inflation. My retired friends who actually have money to invest have only a small portion in metals, for that reason - just a hedge against inflation. And it's reasonably low risk if purchased at a reasonable price.

But it's easy to get carried away with the actual value and purpose of gold in the economy since the Great Depression. I just re-watched the James Bond movie Goldfinger last night, first time in years, since YouTube is running most Bond movies free now.

In retrospect the whole notion of Goldfinger's scheme -- to irradiate the gold supply at Fort Knox -- was preposterous because nobody would actually need access to the gold. So who cares if it's irradiated for an entire generation? (And that's assuming there is any gold at Fort Knox, which has been debated and the subject of other crime fiction for years.)

But that's the nature of gold. Precious metals and gemstones have an allure that can distract people who are usually rational from realizing these things have relatively little actual value. In that respect, so-called "fiat currency," a popular epithet among gold bugs, Austrian School economists and libertarians, is no different from gold. Currency has value because enough people agree that it has intrinsic value. But instead of basing an economic system on something easy for anyone to understand -- a heavy lump of metal -- we base it on a much more complex system of values derived from labor, industry, innovation, trade, whatever the hell "full faith and credit" means... stuff that even economists have disputed for generations. Despite the intricacies, I think most employees and employers would assert that their work has real value. So why not make that part of the basis of currency, rather than a lump of shiny metal?
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Old 12-12-20, 02:58 AM
  #31  
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Originally Posted by noisebeam View Post
My health.
I agree. Health is more important than money.

For young people, learning skills is also a good investment.
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Old 12-12-20, 01:04 PM
  #32  
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I get a laugh at all these gold commercials on antenna TV. TOTALLY SAFE! GOLD WILL NEVER GO TO ZERO!
while hawking small slivers of gold pressed into coin shaped objects the size of a fish scale.
Rightly or wrongly, I equate the folks without MBA style educations who invest most or all of their retirement savings themselves in individual stocks to be juggling hand grenades. I imagine the ones that lose the most or all of their nut far outnumber the ones that "strike it rich" due to market swings at the worst possible time in their retirement plans.
The elite stock pickers are the ones who manage the big time mutual funds and control untold trillions and are well paid for their expertise. I have a guy that knows them all. When the best fund managers (stock pickers) change jobs to more lucrative funds, which they are known to do, this guy can advise his very wealthy clients and me, the little goldfish in a bowl in the corner, of the best moves to make, if any. This gentleman is the branch manager of a huge banking/investment conglomerate that I am not shilling for but has done me well over the last ~30 years.

TLDNR: If yer sewer is backed up call a plumber. If yer finances are in shambles call a banker. Both are well trained and paid for what they do.
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Old 12-12-20, 01:13 PM
  #33  
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Originally Posted by alo View Post
I am just hoping for an interesting discussion.

What do others consider to be good investments at the present time?
Ok, I'll play. First, the "present time" is not going to be the same as today or tomorrow or for that matter 6 months from now. Trying to "time" a market usually doesn't work. Yes, there are some exceptions. If you were to have invested in almost anything in 2009 you'd have made a tasty profit by now. Even during the Feb dip this year, you'd have done pretty good. That theory is basically, buy low, sell high.

If you're really looking to start investing begin by eliminating any and all unnecessary debt from your life. Then save up anywhere from $3k to $10K and put it in a mutual fund that mimics one of the major stock market indices. Continually add to that fund, even if it's only $100 a month, but do whatever you can to take advantage of cost-averaging.
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Old 12-12-20, 01:47 PM
  #34  
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Originally Posted by FBOATSB View Post
If yer sewer is backed up call a plumber. If yer finances are in shambles call a banker. Both are well trained and paid for what they do.
There have been financial advisers and stock brokers who have advised clients to invest in what makes most money for themselves, not what makes money for the clients. Some people have lost a lot of money trusting these financial advisers or stock brokers.

I like the idea of learning for myself. I know, not everyone is like me.

If you get good at investing, you can make a lot of money.

Last edited by alo; 12-12-20 at 01:51 PM.
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Old 12-12-20, 02:06 PM
  #35  
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Originally Posted by TakingMyTime View Post
If you're really looking to start investing begin by eliminating any and all unnecessary debt from your life. Then save up anywhere from $3k to $10K and put it in a mutual fund that mimics one of the major stock market indices. Continually add to that fund, even if it's only $100 a month, but do whatever you can to take advantage of cost-averaging.
Yup - tax advantaged, total market index, very low expense mutual fund. Stuff as much money as you can in there, take max employer contribution, let it ride. Once you've got a big pile in there, then add a bond fund too. This is what the real financial advisers will tell you - the ones that don't get commissions.
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Old 12-12-20, 02:54 PM
  #36  
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Originally Posted by alo View Post
There have been financial advisers and stock brokers who have advised clients to invest in what makes most money for themselves, not what makes money for the clients. Some people have lost a lot of money trusting these financial advisers or stock brokers.
The majority of financial advisors are not from the Bernie Madoff school of investing. And they are not stock brokers. Due diligence is required.
I like the idea of learning for myself. I know, not everyone is like me.
Yes, learning is also called due diligence
If you get good at investing, you can make a lot of money.
Depends on how long it takes to get good and whose retirement nest egg you are practicing with no?

I wish you all the best, but advising people to "get good at investing, you can make a lot of money" is not good advice. My advice is worth exactly what you pay for it though.
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Old 12-12-20, 04:56 PM
  #37  
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Originally Posted by FBOATSB View Post
Depends on how long it takes to get good and whose retirement nest egg you are practicing with no?

I wish you all the best, but advising people to "get good at investing, you can make a lot of money" is not good advice. My advice is worth exactly what you pay for it though.
There are different types of people. Some just want to hand it to an investor, and not have to think about it too much.

Others want to learn for themselves. Good investors need to be people who analyse everything, and keep learning. Those who don't put the effort in, will not become good investors.
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Old 12-12-20, 10:33 PM
  #38  
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Getting rich through investment isn't easy. That's why most really rich people manipulate the market, government and money itself to empower and enrich themselves and their cronies. Ethical investing doesn't pay off nearly as well.
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Old 12-12-20, 11:32 PM
  #39  
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Invest

Invest in bikes when our society crashes , they will be in demand .
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Old 12-13-20, 07:34 AM
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Originally Posted by rossiny View Post
Invest in bikes when our society crashes , they will be in demand .
It's like sittin' on a gold mine!
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Old 12-20-20, 11:16 AM
  #41  
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In the past 2 weeks

gold has gone up over 2%

silver has gone up over 6%

If an investor had $10,000 worth 2 weeks ago, they would now have

gold $10,225

silver $10,655

Expect prices to go much higher.

It has become clear that many people on this forum don't have any interest in investing in these things. Others already have a good knowledge of investing.

This is for those few who are interested.
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Old 12-20-20, 01:02 PM
  #42  
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Originally Posted by alo View Post
gold has gone up over 2%
silver has gone up over 6%
Expect prices to go much higher.
I don't think you're some kind of shill who has a motivated interest in getting people to invest in gold.
I do think you're cherry-picking your facts to self-justify your fantasy that you have uncovered an under-appreciated money making scheme.
I don't think anybody here thinks your position has any merit.
My prediction is that if your prediction is correct you'll come back to brag about it and have a good wank; and if it's not correct you'll conveniently forget about it.
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Old 12-20-20, 02:41 PM
  #43  
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I'm more curious in when they will start going down. Please let me know.
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Old 01-03-21, 04:56 AM
  #44  
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For those interested. Anyone who had US$10,000 worth of gold or silver 4 weeks ago, it would now be worth:

gold $10,315
silver $10,848

Expect these to go up even more.
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Old 01-03-21, 05:27 AM
  #45  
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“Even more”? You make it sound like that’s a relatively big gain in a month.
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Old 01-03-21, 05:42 AM
  #46  
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The Dow Jones average continues to massively outperform gold prices
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Old 01-04-21, 04:31 PM
  #47  
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There has been a big move on the first day of trading of the new year. In four weeks and one day, gold has gone up over 5%, and silver has gone up over 11%. If someone had $10,000 worth of gold or silver, they would have made a profit of:

gold $545
silver $1156
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Old 01-04-21, 04:35 PM
  #48  
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Originally Posted by alo View Post
There has been a big move on the first day of trading of the new year. In four weeks and one day, gold has gone up over 5%, and silver has gone up over 11%. If someone had $10,000 worth of gold or silver, they would have made a profit of:

gold $545
silver $1156
And now's the time to sell.
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