I think Gold is about to take a big jump up in price.

I realize that the thread was talking about gold, however silver is also considered a precious metal and it typically tracks the price of gold percentage wise. I have also read some articles lately saying that the supply of silver may be getting somewhat low, which could help the price.

The other thing good about silver is it is good to have a lower denomination item to trade with if the time comes. It would be more likely to buy an ounce or two (of silver) worth of food (or TP) at a time. You can buy gold in small coins, but they are awful small and could get lost.:frowning:

Plus it’s easier to get a big pile of silver going!:slight_smile:

It took almost 30 years for gold to surpass its 1980 high of about $650 an ounce. I can’t imagine it’s sound advise to purchase gold now at $850 to $1000 per ounce. The yield on real estate holdings over the same period of time are off the chart in comparison to gold or any other precious metal for that matter.

Just my opinion of course;-)

http://goldprice.org/30-year-gold-price-history.html

http://www.kitco.com/charts/historicalgold.html

Nobody thought gold was a good invenstment when I was buying it in 1999 & 2000 for $270 - $290 either;-)

If you adjust the 1980 high of $850 for inflatiion, you get a price of over double what it is today!

http://www.kitco.com/charts/livegold.html

This is why I live out in the woods and do NOT give out my address or directions to my house!:roll: :—) :-;;
{I can only dream! =P~ :stuck_out_tongue: }

gold.jpg

My Gold Eagles.gif

You want to buy Gold? It trades on the NYSE as the letter “F” Buy a thousand shares and forget about it for 3 years.

disclaimer: These are forward looking statements and I have been wrong before but I think its a steal

http://www.kitco.com/charts/livegold.html

http://www.kitco.com/charts/livegold.html

http://www.kitco.com/charts/livegold.html

I bought Washington Mutual, (WM) @$3.40 per share and General Motors, (GM) @ $8.95 per share last week. I’m up over 50% in less than a week…

What’s gold done for you guys in the last (7) days?

This is 2008, not 1928… The “Sky” is not falling! Think outside the box a little guys, with a properly placed investment in real estate you’ll be wealthy in 6-8 years.

I’m guessing some of you don’t get out much;-)

:mrgreen: :mrgreen: :mrgreen: :mrgreen:

Good luck with day trading, I gave that up years ago. As long as your asking, my retirement fund is up 400% since 2003.

Just read today that one of my holdings, Suez, did a spin out that is up 40% on it’s initial day!!!:smiley: :smiley:

If you are a real trader you would have sold (at least) half of your holdings if they were up 50% in a week so that your remaining holdings were free! It also looks like you just happened to buy those two stocks at multiyear interday lows. Lets see you do that again.:cool:

And down she goes.

http://i202.photobucket.com/albums/aa54/mlarson_photos/gold7_23.jpg

http://www.kitco.com/charts/livegold.html

Not for the faint of heart.

Thats why I gave up day trading!! A seven year time frame is much more relevant/important than a 7 day (or 7 hour) time frame.

If you want to see a scary chart, look at Washington Mutual.

Buy great companies especially when they are on sale like right now.

Much less stress and great return over a 5 - 7 year time frame.

One more pull back, a rise on Friday morning, sell it all Friday afternoon.

I advise all prudent investors to avoid day trading. :slight_smile:

To each his own but it isn’t hard to get richer slowly.

Start early and be consistent.

Gold is following the price of oil at the moment which has lost $20 from it’s highs.

Disclaimer: The above advice is not meant to be a substitute for consulting with your own financial advisers and or investment professionals.

I won’t be day trading Wamu or GM that’s an IRA purchase, I’ll be in for the long haul on both of them.

I do day trade Quantum Fuel Technologies World Wide, (QTWW). I’ve been playing it for about a year. I started with an initial $1K buy in, it’s grown to about $5.2K now. I’ve bought and sold it maybe 20 times over the last year. I use Scottrade at $7 per trade. Except when the stock dropped below $1, then scott trade bumps the trade fee…

ps: Calm down Ralph, you sound a little tense. We’re just having a friendly exchange of ideas…:wink:

This is the only graph that really matters! The daily stuff is just static.

It think that looks a lot like the real estate median home price graph from 2001 to 2006. We all know how that turned out!

The bottom line is, you can work the statistics to bolster just about any point of view. One thing that doesn’t change, when you buy anything at the top of its market history, you stand a very good chance of loosing your rear end…

I’ll ask it again, why would anyone strongly recommend buying gold at its near all time historical high? The only people in real estate who are hurting are the ones that bought in over the last two plus years at all time record high prices.

Hey Ralph, please tell me you bought some Wachovia, (WB) today. It’s up 26% on the report of loosing $9B and laying off 6500 employees. You gotta love the market:roll:

And NO, I didn’t buy any, but I was thinking about it…