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Random Quote: Bigger they are the more mess they make.
I just wish I had the money to do what Buffet did.
He just purchased the freakin railroad!
I believe it was 38 billion....
Could you imagine having that much money?
Do you see Warren investing in gold or any other billionaire?
I did not heard of any.
Some people say he paid 38 billion,
other's say 26 billion...
Anyway gold went up from 850 in the lat year to 1100, a 17 percent increase,
nice, however with stocks that went up 10x in 6 months,
you can see that gold is not that great of investment.
Do you see Warren investing in gold or any other billionaire?
The entire US economy whittles down to 10 major banks. All of them -- ALL OF THEM -- are heavily invested in gold as of this year. That is a major part of what pushed the price of gold up. The recent jump in gold can be tied to India buying 400+ tons of gold from the IFM.
The entire globe, except the US, is going to a new monetary standard. The US is being left out. A lot of the countries that are pushing for the new global std currency have also been calling for years to allow gold to go to its natural value, not the artificially suppressed value we see today.
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IGNORE LIST CONTENTS: Hydro, nautiduck, Greaser, sdkid
Sorry, you are correct -- India bought 200 tons of gold. It is 400 tons total being sold by the IMF, with Russia, China, and Brazil (?) expected to purchase the other 200 tons, but it's not for sure, yet.
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IGNORE LIST CONTENTS: Hydro, nautiduck, Greaser, sdkid
I would only invest in gold if I had plenty of money to hide from the government
for a long period of time.
I'm not in the "Mafia" like some of my friends, so
I don't invest in gold, ocasionally I will buy a gold mining stock.
Copper has been growing faster than gold.
They say that's the commodity that will run out first on this World...
Anyway gold is undervalued, we know that, a acre of land
used to go for 3k when gold was at 250 doll, the same acre of land
is going for 30k, this is one example, there's plenty more showing gold is undervalued
in relation to items that have gone up 10x during the same period of time.
The entire US economy whittles down to 10 major banks. All of them -- ALL OF THEM -- are heavily invested in gold as of this year. That is a major part of what pushed the price of gold up. The recent jump in gold can be tied to India buying 400+ tons of gold from the IFM.
The entire globe, except the US, is going to a new monetary standard. The US is being left out. A lot of the countries that are pushing for the new global std currency have also been calling for years to allow gold to go to its natural value, not the artificially suppressed value we see today.
The banks always own what people
want, people wanted houses, the banks owned it,
people want gold the banks will own that too, people want cars, the banks own it.
I'm glad some of this banks bought gold,
banks need assets and gold is the asset to have
in tought times.
Times are tough, I'm not buying gold at this price,
if you figure out last time it was 850 some 26 years ago, it crash so
bad, some people promised never to buy gold again,
most people don't remember or are no longer among us.
Go back 1 page.
I mention SSP,FITB,REV,
check them gains against what gold went up today,
we can do this daily, beat the daily rise percentage of gold every single time...
It would be a better comparison if the scales on the charts were the same. If you look closely, you will see that the scale on the gold chart is arithmatic, while the stock charts are logarithm. I believe these are the terms for the chart types, but I may be mistaken. If you look at the gold chart, the space between 800 and 1,000 is the same as the space between 200 & 400. The number spread may be the same, but the return between 800 & 1,000 is 25%, while the return between 200 & 400 is 100%. Just one way results can easily be skewed. Notice on the stock charts that the horizontal bars get closer as the price rises, meaning the % return is lower.
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I'm sorry, I thought you just finished using long term comparisons, now you want to use 1 year..my, my how you waffle
If you use last year as your measuring stick for for stock gains scuccess
it would have been really hard to pick a loser since most everything on the planet almost recovered from the first bloodbath.
Stocks are more volatile, you can see
if you want long charts, how about when RCL
was a dollar and it went up to 60, you could had sold, bought back at 6 and now is 25. more volatilability, more chances to make money...
it does not matter, my friends that are in the Mafia
they all buy gold to leave to their kids, is the only safe
way to hide money from the government for future generations...
Are you in the Mafia too???
you being selective on the charts too, how about when gold was 850 doll
in the 70's and then it drop beloow 200...
PGR they say it will hit 21, another that willl surpass gold in the next year.
It would be a better comparison if the scales on the charts were the same. If you look closely, you will see that the scale on the gold chart is arithmatic, while the stock charts are logarithm. I believe these are the terms for the chart types, but I may be mistaken. If you look at the gold chart, the space between 800 and 1,000 is the same as the space between 200 & 400. The number spread may be the same, but the return between 800 & 1,000 is 25%, while the return between 200 & 400 is 100%. Just one way results can easily be skewed. Notice on the stock charts that the horizontal bars get closer as the price rises, meaning the % return is lower.
I just quickly pulled up the charts I found on the web
can you compute the gains for us, so they are not skewed ?
looks like gold was a 250% gain and the others were a loss on 10 years of investing
I wasn't trying to bash your post. I was merely pointing out an issue with how data is presented in general. I've watched this post and I know you and a couple of members have been back and forth for a while.
The problem with performance data is the result depends on what data is chosen and how it is presented. For example, here is the max time chart from Yahoo for the S&P using both chart scales. Exact same data, the only difference is the scale on the chart.
Linear
Logarithmic
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2003 Yamaha 200 HPDI
2009 Ace Dual Axle Trailer
In Europe they have people like that sell fake gold coins,
that cost 1 doll to produce, for 50 Euros, them Gypsies "foul" plenty people, this one it happens to be real, I'm glad nobody bought it,
I will not buy it before checking with a jewelry to see if was real gold,
they do that with silver coins overseas too.
Anyway I bought my wife a gold necklage for 1100 doll
in 2005, if my wife agrees I will sell it to you for 1100 doll, want to buy?
This is a 3/4 ounce gold necklage 14k, with some small
sapphire and some brillants...
This necklage used to retail for 1500, I got it for 1100, my wife used 3 4 times in special events.
check the price of gold back in 2005 and now.
I also have a ring that is over over a ounce, was sold to me as gold back into
2002 for 20 doll, will sell for 50,
I did not want to buy cause I know about this gipsy scam's, anyway
I gave the gypsie 20 doll, he said he needed to feed is family, he gave me the ring
they sell those my the thousands, in Europe you learn not to speak with strangers
or buy stuff (special gold and silver) from strangers in the street.
50 doll was the price that the gypsie ask me first, I will sell it to you for 50 bucks,
you never know it might be real gold...
I'm glad people did not buy that coin.
this ring has the inscription:
"Victoria dei gra britt regina fid def ind imp"
They are all the same, I had knowlege from this scam since I was 10 years old.
I told the gypsie I know is fake, however I will give you 20 bucks
if you need to feed the kids...
The reporter says we will buy it, he needs to go downtown
any major European city, and we will go broke buying
1 ounce ''gold coins" and 1 ounce ''gold rings'' for 50 doll...
and some of these gold coins have inscription dates going back 500 years...
The gypsies have nice real gold jewelry worth thousands
however that one they will never sell,
they will only sell the fake gold.
Nat you assume that people need knowlege to make money,
Plenty people that have over 100 million in the bank could not tell
you the difference between a screw and a nail.
I have a oncle and aunt they worth over 3 million, they created that wealth from nothing, they did not know how to read or write, only after
they created the first million, they could not even differenciate a 100 escudo bill from
a 1000 Escudo bill back then, they finally went to school and learn how to read and write, they were in their 50's.
Uneducated people in the past could generate more whealth, there was not as many people
fighting for the same resources...
Things were cheaper back then.
My parents are worth over a million and they have the 4th grade,
and own a business, they bought some property 35 years ago for 200 doll
35000 esc is now worth 150000 doll or 100000 euros, if they had bought 200 doll
worth of gold 35 years ago, they had maybe 400 doll worth of gold...
People don't need knowledge or be educated to make money.
as more educated you are, worst you you will be, it means you already become
brainwashed by the system (government), and all your greed was taken away from you...
Not to be smart, however sometimes you get
the 1976 montreal 100 doll canadian coin, I think is a ounce too
for 300 doll at craiglist, 1 ounce gold coin is 60 percent gold, most of those coins are 14k, not worth 1100 doll, more like 700.
if fighting against the new "World order" could be prevented by buying gold...
most of the gold is own by the government, they can sell you gold and replace it with cheaper gold later on...
That Canadian reporter is not as sharp as he looks, I bet they told him the coin was worth 1100...
Commodity prices are controlled big time by governments around the World,
anyway Back when oil was being traded at 147 doll in the stock exchange,
plenty of oil producers were selling their oil below 100 doll price to some country's.
Those prices at the stock market are only true to some people...
Plus find the color of real 24k gold, and compare it it the gold coins sold on ebay
advertised as "Bullion" for 1100, and you will realize most of them are 14k...
Hey nat,
did you check REV RCL SSP
today, outperforming gold everyday...
Fid
It appears you have selected gold as an evil competitor to your investments ? Have you chosen to divert the thread from picking the bottom......to picking on gold ? Do I need to remind you of the 10 year preformance of both investments posted above ?
I did not check them, but I was suprised to see 1 ounce silver coins went up $1.00 each
I hope you get rich too,
however people want to fight at the new World order and
are giving their dollars to that same World order, buying commodities (that governments around the World own by the million of tons)...
It does not make much sense.
When we start to talk about gold prices, long, long ago
we already had figure out that silver goes up more than gold.
You know there was this time not too long ago,
that silver was the backed currency of banks and 1 ounce
of silver was pegged to gold at 1/16 of the price,
imagine if those times return how much silver will go up in relation to
gold, back then they called it the "Portuguese standard".
Give your hard earned money back to the government...
the government of Canada in 1976 issue a proof set and minted 20 million of 2 ounce coins,
its called "junk silver"...
I have some old silver coins I bought them for 2/3 dollars and these are real from 1880
that are worth 25/30 doll each, these coins did not had the mintage of these
new editions so they are worth more, the coins are a quarter of a ounce of silver...
I bought them in 91/92.
Shut you know the Portuguese 600 years ago said the World will end sudently,
and people are still here...
read about
"MR DOOM", the Swiss, Canada, Australia and other nations are pushing
the doom crowd into buying metals ...
America is only following the lead, plenty of people will be burn, rest assure...
yeah yeah.
the Suckers will fall for it...
People that will have land and food (seeds) will always survive,
we don't care if the world will end tomorrow,
I guess if you show up in my propriety with gold, guess what
if I have one loaf of bread to feed my family, you have gold,
I'm not selling the loaf of bread, see if you can eat gold...
The government know people are saving more, the ones that still
have a job, the government has have 2 options, raise taxes or sell you what they have plenty.
People that are investing in Gold for fear are crazy, they assume
people will sell food in case of a domsday scenario for gold, in case of a domsday scenario people will feed their family and friends and will not sell any
necessary food for the near future for anything, not gold, not diamonds and not
any other commodity...
I know in Portugal when the Spanish Civil War, some Picasso's were traded for a
loaf of bread, however was hard to find a person that
had a extra loaf of bread to trade for a painting...
Revlon is up 60 percent in the last week...
I hope you make many millions investing in gold,
I figure I already gave enough money to the government buying gold...
Happy trading.
Look at FRG around 4...
just go to a "Eskimo" village in the Winter or a remote African village in the summer in a bad year to see if they will sell you (trade) any food...
and then you will have it figure out...
This tread is getting old, time to "put it to rest".
That is a major part of what pushed the price of gold up. The recent jump in gold can be tied to India buying 400+ tons of gold from the IFM. 
since most everything on the planet almost recovered from the first bloodbath.
