ChattanoogaPhil
Member
- Joined
- Oct 18, 2009
- Messages
- 14,601
- Reaction score
- 20,622
Would this be a bad time to mention the thread from a few years back-- Logic of Buying Gold. 
Dow Jones approaching 25,000
- Thread starter ChattanoogaPhil
- Start date
Register to hide this ad
THE PILGRIM
Member
It might be a great time to take some money off the table!
I am thinking about it, but hate to pay any more taxes!
Remember the old rule-
Buy low
Sell high
I am thinking about it, but hate to pay any more taxes!
Remember the old rule-
Buy low
Sell high
Would this be a bad time to mention the thread from a few years back-- Logic of Buying Gold.
It's a great time for investors for sure - as for gold not so much IMO - bought a couple Kruggerands back in the 70's for around $700 each (per oz) - I figure with inflation gold would have to be around $3K/oz to break even - pretty long way to go
Should have been buying Smiths or Colts
Last edited:
oneounceload
Member
Like everything else this is a bubble that will correct itself. Everyone thought the housing boom would go on forever too. Then 2004 came along...........
$78 Billion Reasons
I would listen to the guy with $78 BILLION reasons supporting his opinions.
Warren Buffett: Dow will hit 1 million in 100 years - Sep. 20, 2017
I would listen to the guy with $78 BILLION reasons supporting his opinions.
Warren Buffett: Dow will hit 1 million in 100 years - Sep. 20, 2017
OP
ChattanoogaPhil
Member
- Joined
- Oct 18, 2009
- Messages
- 14,601
- Reaction score
- 20,622
Is the bubble now?
One guy who was obviously frustrated with me being less than enthusiastic about gold (back in that 2013 thread) bluntly asked-- Do you honestly think the stock market will just climb into oblivion from here. He felt the market around 14-15k was bubbly.
Today... business environment looking forward.
Corporate tax cuts.
Deregulation.
Repatriation of trillion$.
Consumer tax cuts.
Low energy prices.
Other than a short term trade, where is the catalyst to support any kind of a bearish market outlook?
Not a great analogy. The housing boom was fueled by giving subprime and negative amortization loans to people who should have never been given loans in the first place . . .
Mueller? ;-)
REM 3200
US Veteran
oneounceload
Member
And a lot of the market capitialization is based on nothing when it comes to the internet stocks, most of which are GROSSLY overvalued and acting more like Enron.
oneounceload
Member
Is that the rule, I thought it was the other way-round.
My thinks it is the other way around!
The Dow Jones industrial average is comprised of the following 30 companies, none of which can be considered "internet stocks . . . "
Dow Jones Industrial Average - Wikipedia
I know it's Wikipedia, but Wiki is good for things like this . . .
Would this be a bad time to mention the thread from a few years back-- Logic of Buying Gold.
Yeah, I remember a member of another board trying to convince other members what a great buy gold was at $1,800 an ounce and how it was going to hit $3,000 before the end of that year (post was made in September). I occasionally wonder whatever happened to him, as he seems to have dropped out of site.
Or another member on the same board who swore the market was going to crash in a manner that make the Great Depression look like happy days. At the time, the Market was around 18,000.
While the market isn't fool proof, nor is investing for everyone, there are stocks out there that have proven the withstand the test of time, and the market has recovered from every fall - given enough time. But as my time on earth grows shorter, I'm beginning to feel I may not have enough time to survive another large correction and have been moving funds into lower return, but rock solid investments. Like Sea Biscuit in the 5th...
ChuckS1
US Veteran
It's only a loss if you sell.
Jack Flash
Member
How about some of those old threads along the lines -- The Bottom Will Fall Out of S&W Revolver Prices, SELL ALL YOURS NOW!Would this be a bad time to mention the thread from a few years back-- Logic of Buying Gold.
Where are those guys now, anyway?
We don't need a ghost from the grave to tell us that the stock market goes in cycles. If you predict a correction, you will be right sooner or later.
I remember a lot of people in 2008 selling stocks at the worst possible time. Maybe now is a good time to take some profits, if your stocks have gone up past all expectations.
Remember the old saying:
The Bulls make money
The Bears make money
The Hogs get slaughtered.
In the last 30 years I've done about 8% on average in the market. It isn't for the faint hearted or anyone who has digestive problems, that's for sure.
I've never sold, just purchased.
Gold is a hedge, not an investment.
I think we can expect the market to stay above 24000 thru next year, even if the adm implodes.
I've never sold, just purchased.
Gold is a hedge, not an investment.
I think we can expect the market to stay above 24000 thru next year, even if the adm implodes.
CAJUNLAWYER
Member
My son got into silver a few years ago. Two 10 oz bars, because he saw on TV where silver "could" double in price very soon.
He learned that selling silver bars is akin to selling a gun to Cabelas. Lesson learned. And a fairly cheap one at that. Plus he has two very cool 10 oz silver bars.
Do not have the heart to tell him what his money would have done had he put it into a nice mutual fund-but I think he figured that out on his own
He learned that selling silver bars is akin to selling a gun to Cabelas. Lesson learned. And a fairly cheap one at that. Plus he has two very cool 10 oz silver bars.
Do not have the heart to tell him what his money would have done had he put it into a nice mutual fund-but I think he figured that out on his own
Last edited:
italiansport
Member
My son got into silver a few years ago. Two 10 oz bars, because he saw on TV where silver "could" double in price very soon.
He learned that selling silver bars is akin to selling a gun to Cabelas. Lesson learned. And a fairly cheap one at that. Plus he has two very cool 10 oz silver bars.
Do not have the heart to tell him what his money would have done had he put it into a nice mutual fund-but I think he figured that out on his own
While I don't own any silver bars I have bought quite a bit of "Bullion grade" silver coinage over the years. I believe in being diversified and if the dollar crashes as some are predicting silver coinage will become an excellent trade medium. I have investments in the stock market, also in firearms and having hard currency available to me has always seemed to be a good idea.
Jim
chaparrito
Member
With the exception of some Apple stock purchased long ago, I got out. Remember when the stock market had something to do with a company's actual worth and the value of a stock on a daily basis didn't depend on who passed gas in church that day? Today it's a yank on the handle, a roll of the dice.
IF SHTF, which I don't believe it will, precious metals won't be on my list of valuable trade currency. What would I trade for gold or silver, livestock? food? ammunition? Nope. Can't eat it either.
IF SHTF, which I don't believe it will, precious metals won't be on my list of valuable trade currency. What would I trade for gold or silver, livestock? food? ammunition? Nope. Can't eat it either.
