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Is gold the next bubble? [Archive] - RonFez.net Messageboard
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WRESTLINGFAN
10-15-2009, 08:45 AM
With a weaker dollar, the new investment du jour is gold. People buy gold and other commodities as a hedge against a weak dollar and inflation. However it looks like that in a few Years the gold bubble might burst. It seems like every other commercial on TV is an advertisement to buy gold. Talk Radio hosts on both the left and right are telling everyone to buy. This does have the potential like every other bubble to burst in a few years because its becoming so popular and people saying to get in now
JohnCharles
10-15-2009, 08:48 AM
Precious metals always do well during weak economic times.

It hasn't reached any record levels yet (accounting for inflation).
topless_mike
10-15-2009, 09:15 AM
or, you can save your money and spend it on something else.

i was never a fan of investing.
tanless1
10-15-2009, 03:02 PM
The gold investment is shit, unless you are willing to sell it.
Btw, I'm poor.
Hottub
10-15-2009, 03:12 PM
Gold is the only asset that is not somebody else's liability.


202 makes you smart.
boonanas
10-15-2009, 03:19 PM
I've bought over 1000 in gold on the stock market and am making sweet $$$$$. This is no joke. If you look at the trends of Gold for the past 5 years, it's a constant rise. I realize that it's bound to crash, but that's what us in the stock market biz call a "Stop Loss" which will automatically sell of shares when it reaches a certain price.
Snoogans
10-15-2009, 03:20 PM
rsgoldrsmoney cash4gold getcashforyourgold powerleveling rsgoldpowerleveling gold cashforyourgoldpowerleveling
Hottub
10-15-2009, 03:23 PM
rsgoldrsmoney cash4gold getcashforyourgold powerleveling rsgoldpowerleveling gold cashforyourgoldpowerleveling

http://www.freakygaming.com/gallery/articles/2005/buying_wow_gold/wow_gold.jpg
WRESTLINGFAN
10-15-2009, 05:20 PM
BUY GOLD HUG IT OUT!!!!

http://img.vayatele.com/2007/12/AriGold.jpg
epo
07-09-2010, 09:03 AM
From today's Economist: (http://magic.economist.com/node/16536800?fsrc=scn/tw/te/ar/gold)

As an investment that does not produce income, its attraction lies solely in the hope that its value will rise or at least be maintained. As a metal, its main use is in jewellery. It defies logic, say the bears, that its price should remain so high without any fundamental change in the sources of demand or constraints on supply. Willem Buiter, a former professor at the London School of Economics who is now the chief economist of Citigroup, has called gold the subject of “the longest-lasting bubble in human history”. He says that he would not invest more than a sliver of his wealth “into something without intrinsic value, something whose positive value is based on nothing more than a set of self-confirming beliefs.”

Invest in gold, ya rubes!
Kevin
07-09-2010, 09:12 AM
From today's Economist: (http://magic.economist.com/node/16536800?fsrc=scn/tw/te/ar/gold)



Invest in gold, ya rubes!

Are you saying they should pray on it?
Willmore
07-09-2010, 09:21 AM
From today's Economist: (http://magic.economist.com/node/16536800?fsrc=scn/tw/te/ar/gold)



Invest in gold, ya rubes!

In Beck We Trust!

Yeah, I've said the same thing about gold and precious metals in the past. Their value is artificially inflated, it will not last. Now, the bubble might not burst in my lifetime, but I'm staying well clear.
StanUpshaw
07-09-2010, 10:27 AM
I don't think anyone is under the delusion that gold earns you money like a real investment. It simply maintains the value of your money until something better comes along. It's not like gold is going to drop to $300 without anyone noticing. It will gradually drop as money starts flowing elsewhere and risk becomes more attractive.
Charlie_Don't_Surf
07-09-2010, 10:48 AM
Yup, and if we head out west and start panning now we can beat the. . . rush.
SatCam
07-09-2010, 12:57 PM
Ive invested my life savings in gold, penny stocks and timeshares, and ill be laughing all the way to the bank, bitches
yojimbo7248
07-09-2010, 01:00 PM
I'm investing in gold and survival seed banks.
epo
07-09-2010, 01:03 PM
I don't think anyone is under the delusion that gold earns you money like a real investment. It simply maintains the value of your money until something better comes along. It's not like gold is going to drop to $300 without anyone noticing. It will gradually drop as money starts flowing elsewhere and risk becomes more attractive.

There are plenty of rubes who have bought into this gold bubble. They are some of my favorites...
booster11373
07-09-2010, 01:05 PM
There are plenty of Fox news watchers who have bought into this gold bubble. They are some of my favorites...

Fixed
NewYorkDragons80
07-09-2010, 01:36 PM
Without having read the article, I like to lahf and lahf to myself at certain people on Paltalk who have invested heavily in gold because they don't trust the Federal Reserve (and don't believe in money of any sort). Since 1900, the DJIA has increased in value by over 15,000%. Gold has increased just over 6,000%. So even at this specific point in time when the Dow is hurting and gold is booming, the historical return of the market trumps gold. Moral of the story: don't get financial advice from a guy on paltalk with a 2 foot long beard who spends his day watching porn and chatting about conspiracy theories.
StanUpshaw
07-09-2010, 02:16 PM
Moral of the story: don't get financial advice from a guy on paltalk with a 2 foot long beard who spends his day watching porn and chatting about conspiracy theories.

I told you that hanso was no good.
StanUpshaw
07-09-2010, 02:37 PM
There are plenty of rubes who have bought into this gold bubble. They are some of my favorites...

I'm talking big picture. I'd be very surprised if the late night infomercial types are even a drop in the bucket when it comes to driving global commodity prices.

And if they didn't buy into gold, they would've got suckered into some other scam. Considering the alternatives, gold's not all that bad if you're a rube.
Syd
07-09-2010, 03:16 PM
Fixed

The cash4gold people buy it up for a pittance and then sell it back to them because of SCARY DOLLAR INFLATION DEBT (the dollar is experiencing extremely minor inflation/potentially dipping into deflation right now)
NewYorkDragons80
07-10-2010, 06:36 PM
The cash4gold people buy it up for a pittance and then sell it back to them because of SCARY DOLLAR INFLATION DEBT (the dollar is experiencing extremely minor inflation/potentially dipping into deflation right now)

So the Federal Reserve has gotten to you too? Did you learn nothing from Zeitgeist?
KnoxHarrington
07-11-2010, 11:29 AM
I'm talking big picture. I'd be very surprised if the late night infomercial types are even a drop in the bucket when it comes to driving global commodity prices.

And if they didn't buy into gold, they would've got suckered into some other scam. Considering the alternatives, gold's not all that bad if you're a rube.

Yeah, the rubes buying gold because Glenn Beck told them Barack Hussein Fartbama is going to turn this country into a socialist, homo-loving, godless hellhole are a tiny fraction of this.

The problem for them is that when the big-time players in this decide it's a good time to pull their money out of the gold market and take their profits, the rubes are going to be the ones stuck with an investment not worth nearly what they put into it.