Originally posted by beefytee
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Gold: The Next Bubble
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Dio perdona tante cose per un’opera di misericordia
God forgives many things for an act of mercyAlessandro Manzoni
Knock it off. This board has enough problems without a dose of middle-age lechery.
pelagius
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Originally posted by beefytee View PostI have a co-worker you likes to say "Invest in Guns and ammo."
He is half-joking.
I guess it is the ultimate hedge.Dio perdona tante cose per un’opera di misericordia
God forgives many things for an act of mercyAlessandro Manzoni
Knock it off. This board has enough problems without a dose of middle-age lechery.
pelagius
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Originally posted by Indy Coug View PostPart of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”
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[QUOTE=pellegrino;359928]I'm not sure what to make of gold. It's definitely looking like a bubble, but demand has decreased in Q1 of 2010 from what it was in Q1 2009 and yet the price has increased almost $500 since then. QUOTE]
I am sure you know this, but I will say it for a few on here who don't realize this. Prices can go up due to a lack of supply as well as increasing demand. It could be more people want to hold onto their gold.
I read somewhere that the Chinese were buying Gold and Oil and the sense was that forecasts higher prices. Why would anyone assume the Chinese were doing it for anything except perhaps balancing out what they are holding. It may be entirely for purposes related to their economy and not a forecast of doom ahead.
Even if they were forecasting something, why would one necessarily think they will be right.
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Here's the inflation adjusted price for gold through October 2009. The current price is around $1200, or $150 more than the peak price through last October.
Part of it is based on academic grounds. Among major conferences, the Pac-10 is the best academically, largely because of Stanford, Cal and UCLA. “Colorado is on a par with Oregon,” he said. “Utah isn’t even in the picture.”
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Originally posted by byu71 View PostI read somewhere that the Chinese were buying Gold and Oil and the sense was that forecasts higher prices. Why would anyone assume the Chinese were doing it for anything except perhaps balancing out what they are holding. It may be entirely for purposes related to their economy and not a forecast of doom ahead.."If there is one thing I am, it's always right." -Ted Nugent.
"I honestly believe saying someone is a smart lawyer is damning with faint praise. The smartest people become engineers and scientists." -SU.
"Yet I still see wisdom in that which Uncle Ted posts." -creek.
GIVE 'EM HELL, BRIGHAM!
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Originally posted by Ted Nugent View PostNot only has the Chinese government been buying gold but they are urging their citizens to buy gold. Maybe they will also be installing these gold vending machines.
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Originally posted by Indy Coug View PostThe dollar has been weak, but what happens if/when the Euro collapses? Does the devaluation of the dollar become muted by the devaluation of other major currencies? If so, does that undercut the increase in gold prices?
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Here's a question that I've been wondering. If you buy gold from Goldline (or some other dealer whether endorsed by Bro. Beck or not) are you really buying a piece of gold or are you buying some quasi-security that is tied to the price of gold?"Discipleship is not a spectator sport. We cannot expect to experience the blessing of faith by standing inactive on the sidelines any more than we can experience the benefits of health by sitting on a sofa watching sporting events on television and giving advice to the athletes. And yet for some, “spectator discipleship” is a preferred if not primary way of worshipping." -Pres. Uchtdorf
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Originally posted by Eddie Jones View PostHere's a question that I've been wondering. If you buy gold from Goldline (or some other dealer whether endorsed by Bro. Beck or not) are you really buying a piece of gold or are you buying some quasi-security that is tied to the price of gold?
As a hedge, in a diversified portfolio, I'd agree with them - there is a place for gold. As a long-term stand-alone investment, gold sucks...
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Thought this was a good read.
http://online.wsj.com/article/SB1000...477689760.html
It's a currency "substitute," but it's useless. In prison, at least, they use cigarettes: If all else fails, they can smoke them. Imagine a bunch of health nuts in a nonsmoking "facility" still trying to settle their debts with cigarettes. That's gold. It doesn't make sense.
As for being a "store of value," anyone who bought gold in the late 1970s and held on lost nearly all their purchasing power over the next 20 years.
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