Go Back  Bike Forums > The Lounge > Foo
Reload this Page >

Expect gold price to go up

Notices
Foo Light hearted off-topic chit chat with no general subject.

Expect gold price to go up

Old 12-05-20, 02:19 PM
  #1  
alo
Senior Member
Thread Starter
 
Join Date: Feb 2020
Posts: 1,059
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 529 Post(s)
Likes: 0
Liked 254 Times in 185 Posts
Expect gold price to go up

Those who invest can expect the price of gold to go up. Expect it to fluctuate, that is go up and down many times. But if you buy gold now, and sell it in 5 years, expect the price to be higher.

Similarly, the price of silver should also go up.

I don't like to have physical gold or silver, as it can get stolen. Another option is to buy shares in gold mining companies.

At the time of writing, the price of gold is US$1839.17 per ounce. The price of silver is US$24.19 per ounce.
alo is offline  
Old 12-05-20, 03:26 PM
  #2  
ahsposo 
Major Member
 
ahsposo's Avatar
 
Join Date: Jan 2010
Location: BQ
Posts: 7,143

Bikes: A Home Built All Rounder, Bianchi 928, Specialized Langster, Dahon Folder

Mentioned: 28 Post(s)
Tagged: 0 Thread(s)
Quoted: 5502 Post(s)
Liked 3,008 Times in 1,768 Posts
I expect the price of bread will go up too.
ahsposo is offline  
Likes For ahsposo:
Old 12-05-20, 03:41 PM
  #3  
no motor?
Unlisted member
 
no motor?'s Avatar
 
Join Date: Dec 2005
Location: Chicagoland
Posts: 6,193

Bikes: Specialized Hardrock

Mentioned: 29 Post(s)
Tagged: 0 Thread(s)
Quoted: 1376 Post(s)
Liked 429 Times in 294 Posts
So will the price of your lies.
no motor? is offline  
Likes For no motor?:
Old 12-05-20, 04:11 PM
  #4  
tyrion
Senior Member
 
tyrion's Avatar
 
Join Date: Oct 2015
Location: San Diego, California
Posts: 3,536

Bikes: Breezer Radar

Mentioned: 26 Post(s)
Tagged: 0 Thread(s)
Quoted: 1910 Post(s)
Liked 1,318 Times in 627 Posts
The price of gasoline is going up too, so stock up now. I keep my gasoline supply in a small pond in the backyard - you get used to the smell, but the ducks hate it.
tyrion is offline  
Likes For tyrion:
Old 12-05-20, 04:21 PM
  #5  
Hondo Gravel
es ist mir egal
 
Hondo Gravel's Avatar
 
Join Date: Jan 2018
Location: Hondo,Texas
Posts: 2,065

Bikes: Too many Motobecanes

Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 2355 Post(s)
Liked 2,462 Times in 1,594 Posts
I’m stocking up on whole milk so I can produce my own gas.
Hondo Gravel is offline  
Likes For Hondo Gravel:
Old 12-05-20, 05:18 PM
  #6  
3alarmer
Friendship is Magic
 
3alarmer's Avatar
 
Join Date: Nov 2010
Location: The Big Tomato
Posts: 20,101

Bikes: old ones

Mentioned: 285 Post(s)
Tagged: 0 Thread(s)
Quoted: 22321 Post(s)
Liked 5,371 Times in 3,904 Posts
.
https://www.bikeforums.net/politics-...-000-gold.html

.
​​​​Mr. Markets , is that you ? I've missed you. You haven't called, you haven't written.
3alarmer is offline  
Likes For 3alarmer:
Old 12-05-20, 07:16 PM
  #7  
canklecat
Me duelen las nalgas
 
canklecat's Avatar
 
Join Date: Aug 2015
Location: Texas
Posts: 13,152

Bikes: Centurion Ironman, Trek 5900, Univega Via Carisma, Globe Carmel

Mentioned: 194 Post(s)
Tagged: 0 Thread(s)
Quoted: 4326 Post(s)
Liked 2,317 Times in 1,497 Posts
Every societal crisis and economic glitch brings out the gold bugs and silver fever. I've seen it for decades. It's such a cliche that the alternative currency marketeers flood us with panic inducing hype to fulfill their manipulative prophecy. You'll hear it on the lunatic fringe shortwave radio broadcasters, radio yack pundits and websites trying to sell "survivalist" stuff.

Go ahead and buy and hold some gold and silver. But ignore these panic driven fads. They come and go at least once a decade.
canklecat is offline  
Old 12-05-20, 07:34 PM
  #8  
Hondo Gravel
es ist mir egal
 
Hondo Gravel's Avatar
 
Join Date: Jan 2018
Location: Hondo,Texas
Posts: 2,065

Bikes: Too many Motobecanes

Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 2355 Post(s)
Liked 2,462 Times in 1,594 Posts
I’m glad I avoided the parachute pants craze in 1983-84 one of the most ridiculous fashion crazes ever. Even in 2020 the parachute pants people still get razed especially if there is an old pic around sporting those parachute pants

Last edited by Hondo Gravel; 12-05-20 at 07:35 PM. Reason: FRIKIN parachute pants LOL
Hondo Gravel is offline  
Old 12-05-20, 08:00 PM
  #9  
3alarmer
Friendship is Magic
 
3alarmer's Avatar
 
Join Date: Nov 2010
Location: The Big Tomato
Posts: 20,101

Bikes: old ones

Mentioned: 285 Post(s)
Tagged: 0 Thread(s)
Quoted: 22321 Post(s)
Liked 5,371 Times in 3,904 Posts
Can't touch this !



...my MC Hammer CD's are gonna be worth a fortune some day.
3alarmer is offline  
Old 12-05-20, 09:00 PM
  #10  
ahsposo 
Major Member
 
ahsposo's Avatar
 
Join Date: Jan 2010
Location: BQ
Posts: 7,143

Bikes: A Home Built All Rounder, Bianchi 928, Specialized Langster, Dahon Folder

Mentioned: 28 Post(s)
Tagged: 0 Thread(s)
Quoted: 5502 Post(s)
Liked 3,008 Times in 1,768 Posts
I bought $500 worth of bitcoin in late 2010. Maybe it will be worth something soon...
ahsposo is offline  
Likes For ahsposo:
Old 12-05-20, 09:15 PM
  #11  
DiabloScott
It's MY mountain
 
DiabloScott's Avatar
 
Join Date: Sep 2006
Location: Mt.Diablo
Posts: 9,362

Bikes: Klein, Merckx, Trek

Mentioned: 61 Post(s)
Tagged: 0 Thread(s)
Quoted: 3089 Post(s)
Liked 1,137 Times in 653 Posts
Fact: gilding your tin foil hat does NOT affect its effectiveness.
DiabloScott is offline  
Old 12-05-20, 10:05 PM
  #12  
ThermionicScott 
working on my sandal tan
 
ThermionicScott's Avatar
 
Join Date: Aug 2011
Location: CID
Posts: 21,201

Bikes: 1991 Bianchi Eros, 1964 Armstrong, 1988 Diamondback Ascent, 1988 Bianchi Premio, 1987 Bianchi Sport SX, 1980s Raleigh mixte (hers), All-City Space Horse (hers)

Mentioned: 95 Post(s)
Tagged: 0 Thread(s)
Quoted: 3227 Post(s)
Liked 1,367 Times in 922 Posts
People have lost a lot of money expecting gold to do things.
__________________
Originally Posted by chandltp View Post
There's no such thing as too far.. just lack of time
Originally Posted by noglider
People in this forum are not typical.
RUSA #7498
ThermionicScott is offline  
Likes For ThermionicScott:
Old 12-05-20, 10:22 PM
  #13  
02Giant 
Senior Member
 
Join Date: Jan 2011
Posts: 2,975
Mentioned: 6 Post(s)
Tagged: 0 Thread(s)
Quoted: 1516 Post(s)
Liked 623 Times in 410 Posts
I bought stocks when they tanked in March, they've gone up.
02Giant is offline  
Old 12-07-20, 05:51 PM
  #14  
RubeRad
Keepin it Wheel
 
RubeRad's Avatar
 
Join Date: Aug 2011
Location: San Diego
Posts: 9,545

Bikes: Surly CrossCheck, Krampus

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 20 Post(s)
Liked 1,604 Times in 1,183 Posts
Originally Posted by canklecat View Post
Every societal crisis and economic glitch brings out the gold bugs and silver fever. I've seen it for decades. It's such a cliche that the alternative currency marketeers flood us with panic inducing hype to fulfill their manipulative prophecy. You'll hear it on the lunatic fringe shortwave radio broadcasters, radio yack pundits and websites trying to sell "survivalist" stuff.

Go ahead and buy and hold some gold and silver. But ignore these panic driven fads. They come and go at least once a decade.
It shouldn't be too hard to get in early in the rise of precious metal pricing, and get out not too long after they start to fall, for each cycle
RubeRad is offline  
Old 12-07-20, 10:28 PM
  #15  
TakingMyTime
Senior Member
 
Join Date: Aug 2012
Location: Los Alamitos, Calif.
Posts: 2,093

Bikes: Trek 7.4 FX, 5200 & 7700

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 791 Post(s)
Liked 588 Times in 357 Posts
Originally Posted by 02Giant View Post
I bought stocks when they tanked in March, they've gone up.
One of the great windows where the right money could (and did) easily double 9 months.
TakingMyTime is offline  
Old 12-07-20, 10:30 PM
  #16  
TakingMyTime
Senior Member
 
Join Date: Aug 2012
Location: Los Alamitos, Calif.
Posts: 2,093

Bikes: Trek 7.4 FX, 5200 & 7700

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 791 Post(s)
Liked 588 Times in 357 Posts
Originally Posted by canklecat View Post
Go ahead and buy and hold some gold and silver. But ignore these panic driven fads. They come and go at least once a decade.
More often than every decade. Personally I don't invest in any precious metals. There's not enough profit in it.
TakingMyTime is offline  
Old 12-08-20, 07:27 PM
  #17  
alo
Senior Member
Thread Starter
 
Join Date: Feb 2020
Posts: 1,059
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 529 Post(s)
Likes: 0
Liked 254 Times in 185 Posts
If people had gold or silver for Monday and Tuesday, the prices would have gone up.

gold up 1.7%
silver up 1.48%

In 2 days, that is more than the interest you can get in many bank accounts in one year.

If, for example, someone had $10,000 dollars worth, it would have increased in value.

gold $170
silver $148

There will be times when prices go down, but the long term trend is up.

It seems, many people on this forum, don't invest in these type of things. The rich people do. I wish I had started earlier. Anyone investing needs to take a smart approach. If you are not smart, you will probably lose money.
alo is offline  
Old 12-08-20, 07:57 PM
  #18  
DiabloScott
It's MY mountain
 
DiabloScott's Avatar
 
Join Date: Sep 2006
Location: Mt.Diablo
Posts: 9,362

Bikes: Klein, Merckx, Trek

Mentioned: 61 Post(s)
Tagged: 0 Thread(s)
Quoted: 3089 Post(s)
Liked 1,137 Times in 653 Posts
Originally Posted by alo View Post
It seems, many people on this forum, don't invest in these type of things. The rich people do. .

Got data? I'd wager most rich people, whatever you define that to be, don't have more than a few percent of their worth in precious metals.
DiabloScott is offline  
Likes For DiabloScott:
Old 12-08-20, 08:24 PM
  #19  
TakingMyTime
Senior Member
 
Join Date: Aug 2012
Location: Los Alamitos, Calif.
Posts: 2,093

Bikes: Trek 7.4 FX, 5200 & 7700

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 791 Post(s)
Liked 588 Times in 357 Posts
Originally Posted by alo View Post
There will be times when prices go down, but the long term trend is up.

It seems, many people on this forum, don't invest in these type of things. The rich people do. I wish I had started earlier. Anyone investing needs to take a smart approach. If you are not smart, you will probably lose money.
If you're talking about buying and selling on an almost daily basis I'm sure you could make some money but it's a slow dangerous grind. If you check out the price of Gold in 2010 @ $1360, and with it's now trading in 2020 @ $1830... in my book that's not something to write home to mother about.

I also get a bit of a kick out of your terminology "Rich People". I will agree with you that virtually everyone needs to do their due diligence before investing in any type of vehicle. But your tone in this thread comes across as a bit myopic and for some reason I keep getting this feeling that you're getting ready to sell me something..
TakingMyTime is offline  
Old 12-08-20, 08:24 PM
  #20  
Hondo Gravel
es ist mir egal
 
Hondo Gravel's Avatar
 
Join Date: Jan 2018
Location: Hondo,Texas
Posts: 2,065

Bikes: Too many Motobecanes

Mentioned: 7 Post(s)
Tagged: 0 Thread(s)
Quoted: 2355 Post(s)
Liked 2,462 Times in 1,594 Posts
This stuff was a 1.86 back in 1985 now in 2020 it is 3.99 yup should have invested in the Mad Dog..

Hondo Gravel is offline  
Likes For Hondo Gravel:
Old 12-09-20, 03:25 AM
  #21  
alo
Senior Member
Thread Starter
 
Join Date: Feb 2020
Posts: 1,059
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 529 Post(s)
Likes: 0
Liked 254 Times in 185 Posts
Originally Posted by DiabloScott View Post
I'd wager most rich people, whatever you define that to be, don't have more than a few percent of their worth in precious metals.
I agree. Rich people invest their money, in a wide range of different things. Different people have different investments. At the present time, a lot of people are buying precious metals. So the amount they hold is increasing. But is still a small proportion of most people's investments.
alo is offline  
Old 12-09-20, 03:46 AM
  #22  
alo
Senior Member
Thread Starter
 
Join Date: Feb 2020
Posts: 1,059
Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 529 Post(s)
Likes: 0
Liked 254 Times in 185 Posts
Originally Posted by TakingMyTime View Post
If you're talking about buying and selling on an almost daily basis I'm sure you could make some money but it's a slow dangerous grind. If you check out the price of Gold in 2010 @ $1360, and with it's now trading in 2020 @ $1830... in my book that's not something to write home to mother about.
There is a cost to buying and selling. If you bought physical gold, there is a difference between the buying and selling price (the profit margin). If you buy and sell shares, there are brokers fees. So if you buy and sell, the increase in price needs to be significantly greater than the cost of buying and selling. So you don't want to sell when there is only a small price increase. If you think the price is likely to go up, it is also not wise to sell.

The theory is, if you make money, you have more to invest next time. For example, a person bought something for $10,000 and sold it for $10,170, now has $10,170 to invest. Hopefully, next time they will have even more. After other investments, they may reach $20.000 to invest.

Originally Posted by TakingMyTime View Post
for some reason I keep getting this feeling that you're getting ready to sell me something..
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.
alo is offline  
Old 12-09-20, 06:57 AM
  #23  
blacknbluebikes 
Senior Member
 
blacknbluebikes's Avatar
 
Join Date: Jul 2013
Location: NJ, USA
Posts: 797

Bikes: two blacks, a blue and a white.

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 244 Post(s)
Liked 379 Times in 191 Posts
Originally Posted by alo View Post
If you are not smart, you will probably lose money.
Hey now, that's a pro talk for ya, right there. Listen up.
blacknbluebikes is offline  
Likes For blacknbluebikes:
Old 12-09-20, 11:13 AM
  #24  
DiabloScott
It's MY mountain
 
DiabloScott's Avatar
 
Join Date: Sep 2006
Location: Mt.Diablo
Posts: 9,362

Bikes: Klein, Merckx, Trek

Mentioned: 61 Post(s)
Tagged: 0 Thread(s)
Quoted: 3089 Post(s)
Liked 1,137 Times in 653 Posts
Originally Posted by alo View Post
I agree. Rich people invest their money, in a wide range of different things. Different people have different investments. At the present time, a lot of people are buying precious metals. So the amount they hold is increasing. But is still a small proportion of most people's investments.
So if your real message is "consider allocating a few percent of precious metals in your diversified asset portfolio" - you'd not likely get any grief here.

Speculating about the price of gold is a common technique used by people who have ulterior motives, and will not be accepted gracefully.


Also, your narrative about how investing works, instructions on how to calculate percentages, etc... makes you come across as a complete tyro.

Last edited by DiabloScott; 12-09-20 at 11:19 AM.
DiabloScott is offline  
Likes For DiabloScott:
Old 12-09-20, 11:16 AM
  #25  
noisebeam
Arizona Dessert
 
noisebeam's Avatar
 
Join Date: Jun 2004
Location: AZ
Posts: 15,007

Bikes: Cannondale SuperSix, Lemond Poprad. Retired: Jamis Sputnik, Centurion LeMans Fixed, Diamond Back ascent ex

Mentioned: 74 Post(s)
Tagged: 0 Thread(s)
Quoted: 5203 Post(s)
Liked 1,967 Times in 1,165 Posts
This thread is golden
noisebeam is offline  
Likes For noisebeam:

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.