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Speaking of investments. Any of you doing this?

Discussion in 'Sports and News' started by Yawn, Jan 22, 2008.

  1. Yawn

    Yawn New Member

    Moving all available investments out of stocks and into gold.

    I've got family that has the gold buried in an underground safe and swears that's the way to go - meaning gold. He makes a good argument, but he also thought hell would break loose in the 70s.
     
  2. That would be Uncle Ron, the doctor from Texas, right?
     
  3. Ace

    Ace Well-Known Member

    That might have been a good move two months ago. Now it's panic.
     
  4. Yawn

    Yawn New Member

    No, how about Uncle Zonell, the oil guy from Louisiana?

    Seriously....I'm listening.
     
  5. Yawn

    Yawn New Member

    So sit tight and wait until Labor Day, eh?
     
  6. Pastor

    Pastor Active Member

    Gold isn't a very good investment. It is a metal which only increases in value when demand increases.

    I wouldn't stake my money on it.
     
  7. Yawn

    Yawn New Member

    That's Chuck.
     
  8. Yawn

    Yawn New Member



    Yeah, well don't you think when the market really tanks that gold demand will be in hypermode? In other words, much, much more valuable than it is today?
     
  9. Pastor

    Pastor Active Member


    Why? Currency isn't linked to it. So it isn't like you can buy it now and then sell it later for more dollars.

    Gold is no different than oil. Oil, however, may be more valuable.
     
  10. Yawn

    Yawn New Member

    Wait. Gold sells on a day for X an ounce. Tomorrow it sells for Y an ounce. If Y is greater than X....which demand would cause that to happen, what doesn't make sense there?
     
  11. writing irish

    writing irish Active Member

    Toews and Kane rookie cards.
     
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