Shouldn't gold be going up?

J

JohnHL

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For the same reasons I don't gamble (I haven't a clue when it comes to predicting winners and losers) I don't speculate in the markets.

This is not a big problem for me as I never had much money.

Many years ago I tied up my fortune in outgoing obligations, both short and long term.

They say, "Money talks", but all it ever said to me was, "Goodbye".

Still, I like to pretend I'm informed, so I casually check the indexes for stocks, oil, and precious metals, just to see if I've developed (through observation or osmosis) any acumen for predicting market trends.

Nope. Still not a clue.

Back in the late 70s/early 80s when inflation was high, gold and silver sky rocketed.

Today, we're having high inflation and gold seems to be either languishing or losing.

To those of you who know the markets, what am I missing?

John?
 
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Nothing. In the "new economy" gold isn't as attractive as it once was. 40 years ago it was a great "hedge bet." Today it is regarded differently, mostly because of it's "logistical difficulties." As one NJ politician and he'll explain it's "peculiarities." Guns are a better hedge for the immediate future. Joe
 
The reason gold is going down is because I bought a few ounces a couple of weeks ago.
Same thing happens when I take a flyer on a stock.
It is not just the stock but entire market seems to get sick soon after my purchase.
I buy gas twice a week and, so far, gas prices haven't followed my meager ability to kill a commodity or stock. Prices are still going up.
I don't think there are any people that can explain the various markets, the after hour 'analysts' are good a explaining what happened - after the fact - but are no good telling me what is going to happen.
 
CalifEd said:
The reason gold is going down is because I bought a few ounces a couple of weeks ago.
Same thing happens when I take a flyer on a stock.
It is not just the stock but entire market seems to get sick soon after my purchase.
I buy gas twice a week and, so far, gas prices haven't followed my meager ability to kill a commodity or stock. Prices are still going up.
I don't think there are any people that can explain the various markets, the after hour 'analysts' are good a explaining what happened - after the fact - but are no good telling me what is going to happen.
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I'm with you, Ed.

I think if we want gas prices to go down, you and I should put a ton of money into the futures market speculating that oil will rise.

That should kill it for good (and wipe us out). :eek:

John
 
Gold will always be a store of wealth. It is real money, has been since the dawn of history. It may not flare up in currency value like other commodities etc etc but rest assured it will always be accepted and used in trade.Worldwide. Currencies..not so much.

In this virtual world the one thing you cannot conjure up is an ounce of physical gold, and why so many without it, despise it.
 
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Gold is at a near all time high.
Silver price is down. It which is most likely manipulated more than Gold.
Chase Manhattan and others play games with the futures markets, paper Silver which greatly out sizes the actual Metal available.
So Siver is on sale!
My local Dealer buys Gold and Silver all the time.
He generally pays Spot.
The other day he didn't have much Gold or Silver. He's selling faster than he can get it!
If you want some Metal, I do, I recommend you Dollar average.
Same recommendation for Stock Market.
Sounds like you want to Time the Market.
Good Luck! That's is pretty much Gambling!
Here's about 2 Ounces of Thai 24 Carat Gold that I bought in Bangkok.
I think I paid about $200. Back then our Gold was $35 an Ounce but you couldn't legally own any. Some exceptions, including Jewelry.
Buts it already gone to a better place and person.
My Daughter has it.
 

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I am not unfamiliar with "dollar cost averaging" and the concerns about "timing the market".

And time and again they have turned out to be very good advice.

But, sooner or later, because of the grim truth of mortality, (or a lack of income), isn't "timing the market" inevitable?

John
 
Only things inevitable are Death and Taxes.
Until they change that rule, your Heirs will continue to inherit your Assets at the Step Up Basis.
Their cost basic will be Fair Market on the day of your demise.
 
Breakaway500 said:
Gold will always be a store of wealth. It is real money, has been since the dawn of history. It may not flare up in currency value like other commodities etc etc but rest assured it will always be accepted and used in trade.Worldwide. Currencies..not so much.

In this virtual world the one thing you cannot conjure up is an ounce of physical gold, and why so many without it, despise it.
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Unless things get really bad and the Government decides trading in gold is illegal, like happened during the Great Depression.
 
Rudi said:
......we are some 250 TRILLION DOLLARS in the red. Good to have some real money.
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Why? When the "economic reset" happens (recall film of Germans with wheelbarrows of cash to buy a loaf of bread) reality will be different. Folks might be interested in your gold, more interested in your goat or tomatoes. Just because we haven't personally experienced a "phenomenon" don't preclude it happening. Joe
 
alwslate said:
Sure if you believe the commercials that you constantly see on TV. But I wonder why the hawkers are trying to sell you gold instead of trying to buy yours if they think gold is going to greatly increase in value shortly.
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Yep, they don't believe their own commercials. Buy their gold, buy their silver so they can recoup/recover their money.
 
SMSgt said:
The only thing gold is good for is selling it to someone who thinks it has great value. And for electronics. Otherwise, it has no more real value than a government note. At least one can wipe with a government note.
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That applies to everything. When you get down to it, the only thing of any real intrinsic value is clean water and food. Sometimes it is wise to sit back and ponder......
 
There could be a time when gold is nearly worthless . As stated above , clean water and food could be the priority . Add to that , guns , ammo , certain medications , vegetable seeds , livestock , firewood , and so forth . Protecting what you have and bartering for what you don't would be the new economy .
 
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