Quote:
Originally Posted by GregWeld
I've just rolled in from RTTC a couple hours ago and am a bit "rummy" -- but wanted to respond to your gold question.
My feelings about any investment in precious metals are the same - gold or silver etc.
Basically I think there are two trades here -- SPECULATIVE --- which means you're HOPING it goes up from where you bought...
OR
A person is a fatalist -- and sees the world coming to an end and Gold will be the only currency.
I'm not a speculator.... and I don't see our economy becoming so bad that I'll have to use gold as a currency. If I'm going to speculate that the price of an investment is going to go up == then I want to get paid while I wait for that to happen. Dividend stocks or apartment complexes - or commercial real estate are far better long term "speculations" IMHO.
If I thought the worlds currencies were going to collapse --- then I'd have to have ALL my money invested in gold - and I'd have to take possession of it - and probably build a bomb shelter and stock food and water.  
But that is also why I own everything I "have" - house - cars - etc. Nobody can take that away from me even if EVERYTHING goes south. |
Isn't that what all stocks are? We are speculation that these babies will go UP!
In the last 10 years, things have been quite volatile.. look at the crash of 2008. And now, there is chatter of something like this happening again soo...
Look at this 12 year chart:
I think Gold/Silver are a good hedge against inflation and protection. But other are seeing it as a 'bubble' like that of the 80's... Who knows. I'm guess all this QE1 2 and 3 and inflation (cost of food and energy) has me leary of jumping into stocks without some sort of hedge like PM's.