Investing in gold a good idea?

**CingularDuality** · 05-07-2006, 01:18 AM

I'm hearing more and more radio commercials for companies that want to send me information on the wonders of investing in the gold market. I've never really thought to look into it further until just now (on a whim). Anyone knowledgeable on this?

Interestingly, the US Mint isn't selling any gold American Eagle coins until the market settles.

More interesting is that one of the companies that I've heard of is offering American Eagles cheaper than the prices showing on the US Mint site. I would've thought that Uncle Sugar would be the cheapest source...

Regardless of the value of gold as an investment, I think I'm going to start buying coins as a way to keep money out of the bank, just in case. Anyone have any advice, warnings or dealer recommendations?

Spyder · 05-07-2006, 02:01 AM

I have no useful input, but if you do invest in gold coins and collect sufficient quantity, I *DEMAND* you send me a picture of them all in a little treasure-chest box, so that I may begin to plan how to pillage it. Yarrr...

**CingularDuality** · 05-07-2006, 02:09 AM

Quote:

Originally Posted by Spyder

I have no useful input, but if you do invest in gold coins and collect sufficient quantity, I *DEMAND* you send me a picture of them all in a little treasure-chest box, so that I may begin to plan how to pillage it. Yarrr...

Hmmm...

A little treasure chest filled with these would be cool:

TychoCelchuuu · 05-07-2006, 06:34 AM

Right now gold is at its highest price in a few years (give or take a dollar or something). If that's your idea of a good time to invest then go ahead

Mateo · 05-07-2006, 08:09 AM

Cing, the moment has passed. Think of it like the Internet Stock bubble of 2000: by the time they start trying to get joe investor on the street involved, the guys who jumped in at the start of the current trend are looking to cash out. That's where gold is at right now.

munchkin · 05-07-2006, 08:39 AM

I've heard some good things about emissions trading recently.

**Vinzalf** · 05-07-2006, 10:47 AM

Keep anything long enough and it's value could increase.

Mateo · 05-07-2006, 10:59 AM

Quote:

Originally Posted by Vinzalf

Keep anything long enough and it's value could increase.

I know tons of people that are holding onto junk that they think will be collectible or an antique. And there are plenty of people that still have shares of pets.com that will wait around forever for them to be valuable.

**CingularDuality** · 05-07-2006, 12:38 PM

Quote:

Originally Posted by Vinzalf

Keep anything long enough and it's value could increase.

This is my thinking, too. Long term, gold will always increase in value, right? It has done so for the last few thousand years, and there's no reason to think it'll stop.?...

My other thought is that no matter what happens to our economy (depression, anarchy, nuclear war), gold will always have value, and will be in my house instead of in a bank or in the form of a stock certificate or savings bond.

TychoCelchuuu · 05-07-2006, 02:17 PM

Whatever your thinking, gold is at its highest price in years. If you want to sock all your money away in metal form, then go ahead, but I can't help but think there are other metals that would serve you better. Like copper. 20 years from now copper is going to be like, scarce.

Black_V!per · 05-07-2006, 04:02 PM

Out of bank investment...

My dad bought a harley... Thats got lots of metal... Besides the fact he had fun riding it he also made 2 grand in return while selling it before we moved here...

The only expensive peice of metal, besides my computer components, would have to be my 14K gold tooth pick i got from my grandpa...

**Rock** · 05-07-2006, 04:44 PM

Quote:

Originally Posted by TychoCelchuuu

Whatever your thinking, gold is at its highest price in years. If you want to sock all your money away in metal form, then go ahead, but I can't help but think there are other metals that would serve you better. Like copper. 20 years from now copper is going to be like, scarce.

I think you may have point there. One of my friends works in the metal recycling industry (scrap yard) He was saying the other day that copper is fetching £2600 a ton. 1000 kg. Thats alot of money for hardly any amount really.

**CingularDuality** · 05-07-2006, 05:42 PM

Quote:

Originally Posted by TychoCelchuuu

Whatever your thinking, gold is at its highest price in years. If you want to sock all your money away in metal form, then go ahead, but I can't help but think there are other metals that would serve you better. Like copper. 20 years from now copper is going to be like, scarce.

OK, opinions are cool, but is there anyone here that actually knows anything about investing in precious metals?

Tycho, what isn't near its highest price in years? Gas? Milk? Dow Jones average?

Does the US Government sell copper coins that are guaranteed for weight and content? I want this to be simple; and gold, silver and platinum seem to be my only options from the US Gov't. What about other countries? I was looking at gold Krugerrands and Sovereigns, too.

ScratchMonkey · 05-07-2006, 06:18 PM

Quote:

Originally Posted by CingularDuality

Long term, gold will always increase in value, right? It has done so for the last few thousand years, and there's no reason to think it'll stop.?...

Wrong term. Gold will increase in price, so long as inflation is allowed. It's value can only be measured relative to other commodities by a specific actor. (Value is subjective.) In general, averaged over the populace, gold's value compared to other commodities (food, oil) is pretty constant. Price is the relative value compared to a currency. If the value of currency falls, the price of commodities rise.

It may be highly in demand right now because the Fed may be planning another bout of inflation:

http://action.downsizedc.org/wyc.php?cid=44

icky · 05-07-2006, 06:20 PM

Quote:

Originally Posted by munchkin

I've heard some good things about emissions trading recently.

Nocturnal?

05-07-2006, 01:18 AM	#1 (permalink)
CingularDuality Join Date: May 2003 Location: Dallas/Ft. Worth area of Texas, USA Age: 33 Posts: 16,822	Investing in gold a good idea? I'm hearing more and more radio commercials for companies that want to send me information on the wonders of investing in the gold market. I've never really thought to look into it further until just now (on a whim). Anyone knowledgeable on this? Interestingly, the US Mint isn't selling any gold American Eagle coins until the market settles. More interesting is that one of the companies that I've heard of is offering American Eagles cheaper than the prices showing on the US Mint site. I would've thought that Uncle Sugar would be the cheapest source... Regardless of the value of gold as an investment, I think I'm going to start buying coins as a way to keep money out of the bank, just in case. Anyone have any advice, warnings or dealer recommendations? __________________ Become a supporting member! -- Shop at the Tactical Market! Take the world's smallest political quiz! "I was touched by His Noodly Appendage." TacticalGamer TX LAN/BBQ Veteran:

05-07-2006, 02:01 AM	#2 (permalink)
Spyder Join Date: Nov 2004 Location: MN (Middle of Nowhere, MN) Age: 25 Posts: 997	Re: Investing in gold a good idea? I have no useful input, but if you do invest in gold coins and collect sufficient quantity, I DEMAND you send me a picture of them all in a little treasure-chest box, so that I may begin to plan how to pillage it. Yarrr... __________________ a.k.a. NinjaPirateAssassin Celibacy is not Hereditary. Everybody should believe in something - I believe I'll have another drink. Happiness is like wetting your pants, everyone can see it but only you can feel the warmth. Flying is easy, Just throw yourself at the ground and miss!

05-07-2006, 06:34 AM	#4 (permalink)
TychoCelchuuu Join Date: Aug 2005 Location: Seattle, WA Age: 19 Posts: 1,776	Re: Investing in gold a good idea? Right now gold is at its highest price in a few years (give or take a dollar or something). If that's your idea of a good time to invest then go ahead __________________ \|TG-Irr\|TychoCelchuuu

05-07-2006, 08:09 AM	#5 (permalink)
Mateo Join Date: Aug 2004 Age: 37 Posts: 6,483	Re: Investing in gold a good idea? Cing, the moment has passed. Think of it like the Internet Stock bubble of 2000: by the time they start trying to get joe investor on the street involved, the guys who jumped in at the start of the current trend are looking to cash out. That's where gold is at right now.

05-07-2006, 08:39 AM	#6 (permalink)
munchkin Join Date: Jul 2005 Location: Sydney, Australia Age: 17 Posts: 2,271	Re: Investing in gold a good idea? I've heard some good things about emissions trading recently. __________________ [conduct][volun][drill][sg-c1][tpf-c1] \|TG-2nd\|munchkin Nec aspera terrent.

05-07-2006, 10:47 AM	#7 (permalink)
Vinzalf Join Date: May 2003 Location: Minnesota Age: 23 Posts: 1,754	Re: Investing in gold a good idea? Keep anything long enough and it's value could increase. __________________ RAWGRLRLRLRRLGLRL!!! Nations are like individuals: they achieve more when they plan to plant a tiny tree, and do it, than when they propose to raise an entire forest and then fall asleep in the furrows. I AM socializing artard, I'm logged on to an MMORPG with people from all over the world and getting XP with my party using Teamspeak

05-07-2006, 02:17 PM	#10 (permalink)
TychoCelchuuu Join Date: Aug 2005 Location: Seattle, WA Age: 19 Posts: 1,776	Re: Investing in gold a good idea? Whatever your thinking, gold is at its highest price in years. If you want to sock all your money away in metal form, then go ahead, but I can't help but think there are other metals that would serve you better. Like copper. 20 years from now copper is going to be like, scarce. __________________ \|TG-Irr\|TychoCelchuuu

05-07-2006, 04:02 PM	#11 (permalink)
Black_V!per Join Date: Oct 2004 Location: Kingman AZ. Age: 20 Posts: 1,445	Re: Investing in gold a good idea? Out of bank investment... My dad bought a harley... Thats got lots of metal... Besides the fact he had fun riding it he also made 2 grand in return while selling it before we moved here... The only expensive peice of metal, besides my computer components, would have to be my 14K gold tooth pick i got from my grandpa... __________________ Start counting, when you reach infinity tell me. If you can read this you've got to much time on your hands.

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