Should I Be Buying Gold?
So I was visiting one of my favorite blogs…GetMoneyEnergy and my eyes were immediately drawn to information on the site about GoldLine. Once on the GoldLine site, I was able to pursue through amazing amounts of information on rare coins and precious metals investing.
Most interesting to me was a chart that showed current Gold, Silver, Platinum, etc. prices today (at record highs) and then compare them to “inflation adjusted” 1980 prices.
What the chart leads you to believe is that when you take inflation into consideration, precious metals may still have significantly more upside potential, especially if you believe that the current economic environment is similar to the environment in 1980.
I’m extremely intrigued by precious metals…and rare coins for that matter. I’ve written quite extensively about Silver Investing as you may know, and have recently invested a significant amount of money into Natural Gas when it was around $3 a MCF.
Anywho…please pipe in on Gold, your opinions do matter to me…as in the case of Natural Gas, your feedback helps direct my actions. That is what this blog is all about!
And BTW, I still have not decided on a vehicle. I’m leaning towards the Ford Taurus, but am waiting until they are available with about $2500 in rebates that I can take advantage of. They currently DO offer $2500 in rebates, but you can only get access to $1500 of those dollars if you have a competitors lease. Unfortunatly, I own competitior vehicles, but OWN them, don’t lease them at this time. I will keep you posted.
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November 19th, 2009 at 2:41 pm
Stay away TAM, the dollar is going to rally and crush Gold.
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November 19th, 2009 at 6:18 pm
In the UK, you see soooo many adverts asking you to sell your gold - someone must be wanting to buy it!
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November 20th, 2009 at 8:52 am
I think Gold is good to buy anytime, anywhere1
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November 20th, 2009 at 10:08 pm
I wouldn’t buy any now, while it will probably still go up I reckon it will also go down and that would be the most opportune time to get in so as to maximize your profit.
Then again, I’ve been wrong before when making stock selections.
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November 20th, 2009 at 11:58 pm
Not quite sure but I know that for those who bought gold years ago, the gold’s value now has drastically increased.
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November 23rd, 2009 at 5:05 pm
I am not an investment expert. Yes, gold has been climbing to new highs in recent years. But there are incidents where it has fallen deep down as well. I listen to debt management guru Dave Ramsey quite a bit. He strongly argues that gold is NOT a good investment. Here is one of his pieces.
http://www.daveramsey.com/article/dont-buy-gold-sell-it/lifeandmoney_other/text4/
-Bheem
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November 25th, 2009 at 12:47 pm
As of right now gold is sitting on $1180-00 an all-time record. People in the know says it is at least 50% undervalued at current levels, and could easily rise to $2500-00 per ounce over the course of the next 18 months. I feel tangible commodities of most any description is a safer investment than paper at present.
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November 26th, 2009 at 5:31 am
My gut says inflation will be low for another year to three. Then inflation will pick up big time because of the government spending. That’s when Gold will zoom.
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December 4th, 2009 at 1:48 pm
Did you invest in gold?
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December 18th, 2009 at 9:28 am
I think Gold is good to buy anytime, anywhere1
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December 19th, 2009 at 5:43 pm
Short term (6-18 months) buy on any dips. The long term I feel it’s obvious gold is going higher.
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December 22nd, 2009 at 11:08 am
Did you invest in gold?
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December 23rd, 2009 at 11:12 am
My gut says inflation will be low for another year to three.
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January 2nd, 2010 at 4:14 pm
I think Gold
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January 8th, 2010 at 8:41 am
Yes gold seems best for short term.
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January 12th, 2010 at 4:35 pm
… I’d really like to know if you invested in gold too - update us
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The Almost Millionaire Reply:
January 13th, 2010 at 12:44 am
I did not, but am keeping a close eye on it and other metals. I’m still thinking that the cheap dollar is going to continue to drive up the price of equities. We will see if I’m right or not. Thanks for prompting me!
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January 21st, 2010 at 9:27 am
As i said i bought some gold so informing here if anyone wanted to invest.
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February 4th, 2010 at 4:20 pm
I’ve also heard that people are keeping an eye on silver as well because it might increase in value…
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