Gold Through $960!

phlash

Have a look here:

http://goldismoney.info/forums/forumdisplay.php?f=63

Theres lots of ways, but I'd be tempted to holding the physical stuff yourself. Don't trust pieces of paper. You can buy things that are exempt from CGT aswell. Some reading on the above site will be very educating.

dolcevita

$1023 / £508

:beer::j

mr_fishbulb

Down, Down, Down

Starting to hurt my neck watching these graphs - I have to keep moving it up and down

kennyboy66_2

Can anyone point me in the direction of a worse investment than Gold over the last 25 years?

jon3001

kennyboy66 wrote: »

Can anyone point me in the direction of a worse investment than Gold over the last 25 years?

Cash? Besides you shouldn't look at gold in isolation - it's supposed to be component of a balanced portfolio.

purch

Can anyone point me in the direction of a worse investment than Gold over the last 25 years?

Collateralized Debt Obligations :eek: .............they were the 'next' great investment opportunity a few years ago, and now look at them.

All the 'hot' money that once chased CDO's, appears to have chased into Commodity's both hard and soft over the last few months

The Super Cycle is still in place....Gold probably will get to $ 1500 plus.....but there will many a slip-up between now and then.

'Hot' money hates slip-ups........it likes a 'one way' bet, which as anyone with any sense knows never happen for long.

kennyboy66_2

jon3001 wrote: »

Cash? Besides you shouldn't look at gold in isolation - it's supposed to be component of a balanced portfolio.

Gold in sterling terms has performed much worse than cash over 25 year.

In fact, cash under a mattress would have performed as well as gold over the last 25 years.

Arcaine

Gold now around $920 down about 8%, as I suspected it had to take a dip at somepoint. These global hedge funds are pumping huge amounts of money into speculative positions in commodities driving these prices. As these hedge funds continue de-leverging to make the margin calls to their creditors there will be periodic firesales of commodities positions, I hope none of you investors get caught in the cross-fire like today. Good Luck.

jon3001

kennyboy66 wrote: »

Gold in sterling terms has performed much worse than cash over 25 year.

In fact, cash under a mattress would have performed as well as gold over the last 25 years.

Same with stocks - just ask anyone who bought on October 24th, 1929. Even with dividends reinvested they were only just getting their money back 25 years later.

Is there a worse investment than stocks?

This is what sane investors do: stick all their capital into one asset at the bubble peak...

jamesd

kennyboy66, emerging markets would be a good candidate as bad over the last 25 years, perhaps even worse than gold. Japan is still at half of its peak value from the time when there was talk of it buying up the United States. Different emerging markets today but between November 2007 and now an investor in China has lost 40-45% of their money.