north central Oklahoma | farmn4$ - 11/19/2009 12:49
MY POINT! DON'T BUY GOLD W/ THE INTENT TO HOLD IT FOR VERY LONG. BUBBLES BURST AND GOLD IS LIKELY TO BE A BUBBLE(COMPARE IT TO THE OTHER BUBBLES OF THE LAST ~15 YEARS).
ADDITIONALLY, CNBC WON'T LIKELY TELL YOU WHERE TO INVEST. THEY ARE REPORTING WHAT IS HAPPENING NOW, WHICH I WOULD HAVE POSITIONED YESTERDAY TO CAPITALIZE ON. I HAVEN'T YET FOUND A WAY TO USE HINDSIGHT IN MY INVESTING CHOICES.
So with all this chest beating on the TV from personalities to buy gold, it has done nothing but go up since 1971 (or whatever year they choose), it really is nothing more than just another commodity to gamble on. If one is long gold, and it crashes, one can lose just as much or more as if he were long on beans and they tanked. If one has physical posession of gold, I still don't see a big advantage. If its value has tanked, so has my pesos (or it still might be dollars by then) will also be in the crapper too. Neither one will buy diddly.
I still vote bullets and beans is what to have. |
Interesting Gold Numbers
