What The Hell, A New Gold Thread.........

JoeCrystal

I do not mind mini_lidi asking all these questions but I just wishes that mini_lidi understand all the risks and dangers of investing fully, most fully as possible can be. I am still young as mere age of twenty two and even then, I am carefully probing the possibility of investing but I am much more careful with every single penny accounted for.

As it is, I am getting very tired about all these gold threads, one or two, well that is fine. I mean it is valid investment but still...

Decadent_Fool

Million dollar question! And you can be sure that for everyone who says yes, there'll be many who say no!

For me, yes, as long as I feel the investment vehicle and the company is right. Do your due diligence, and think of the fundamentals. For me, I can see no reason why crude won't make further gains in the future...there are a lot of oil producers out there who want to get a damn site richer

Decadent_Fool

JoeCrystal wrote: »

...understand all the risks and dangers of investing fully, most fully as possible can be...

http://forums.moneysavingexpert.com/showpost.html?p=18902227&postcount=5

rl290

purch wrote: »

FWIW I flogged 2 of my LGD Bars last week.

That is probably a good contrary indicator, to the other contrary indicator :eek:

Out of interest, what percentage of your holding does that represent? I am thinking of selling off slowly over the coming year.

purch

Out of interest, what percentage of your holding does that represent? I am thinking of selling off slowly over the coming year

It was about 35% ....... I have a 10 year Mortgage for some properties in FL that needs repaying.

Bottom line for me in this debate, is that unless you know what you are doing, and what you are hedging against., and how a hard asset might provide that hedge, and also what you will do when the armageddon that you are trying to hedge against actually happens.............(and I doubt hardly any of the conspiracy nutters who inhabit these forums and continually advocate Gold, have the first clue about any of these things)....then it might be best that you don't get involved in the asset class.

P.S. To put things in perspective, in 1999 when I mortgaged the properties in FL, I would have needed to sell nearly 7 LGD Bars to generate the same amount of $ that 2 bars have generated 10 years later !!!

Maybe those who say Gold is a bad investment compared to other asset classes, because it doesn't pay an income should reassess their predjudices.

mini_lidi

So gold or oil? what one is best to invest in Now?

purch

So gold or oil?

Oil..............................

Stavros_3

Watch the clip OIL

Decadent_Fool

mini_lidi wrote: »

So gold or oil? what one is best to invest in Now?

oil - I don't consider gold to be undervalued (or if it is, not significantly), but I do for oil

Optimist

Time to sell gold and take profits, moneyweek article

http://www.moneyweek.com/?utm_source=newsletter&utm_medium=email&utm_campaign=Money%2BMorning