Thread: Investing 102
View Single Post
  #2809  
Old 04-12-2013, 03:03 PM
GregWeld's Avatar
GregWeld GregWeld is offline
Lateral-g Supporting Member
 
Join Date: Jul 2005
Location: Scottsdale, AriDzona
Posts: 20,741
Thanks: 504
Thanked 1,080 Times in 388 Posts
Default

Well..... I hope not many of you are speculating in Gold....


I felt the metals market was a bubble for quite awhile now... too many people that know nothing - have never invested etc - all telling me about "gold". Big red flag to me... I've written about it here before - when the grocery store clerk is telling me about the money they're making doing "X"... I'm running away from "X" with my hair on fire.

I like diversification..... but I like my diversification to PAY ME -- up market or down market. I'm sure there are some gold ETF's or some gold investments out there that maybe pay a dividend (I've never bothered to look for them) but the trade has mostly been about a rising price. I just can't play that game. You can never bail out at the top and people don't sell until they've finally lost their ass. I like making money and keeping it... and getting the cash flow to spend...
Reply With Quote