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Thread: is gold a bubble?

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    who is this Celente guy?

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    Quote Originally Posted by bubba01 View Post
    who is this Celente guy?
    he is on the internet alot, just go to youtube and put in Gerald Celente and he has many videos

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    Quote Originally Posted by DA60 View Post
    They cannot devalue their value by making more of them as the supply is relatively finite.
    Quote Originally Posted by DA60 View Post
    There was only a very finite number of people that could buy houses in America. You just cannot start giving toddlers mortgages - though I imagine some bank, bean counters tried. Once that supply of new home buyers was exhausted - the housing boom was doomed.
    But almost anyone can buy gold or silver. And in just about any amount.
    ... anyone doubt there's a gold bubble when it's backers are espousing mutally exclusive theories on why it's a good investment?
    twitter.com/BullsLawDan <~ My Twitter (may be NSFW). Follow me!

    "But it wasn't until he met his beautiful wife that he learned using logic and reason isn't enough. You have to be a dick to everyone who doesn't think like you." - South Park on Richard Dawkins

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    Quote Originally Posted by BullsLawDan View Post
    ... anyone doubt there's a gold bubble when it's backers are espousing mutally exclusive theories on why it's a good investment?
    The two statements were about two TOTALLY different aspects of gold.

    You honestly cannot see that for yourself?


    The first one was that gold - unlike fiat currencies - cannot be produced by the government anytime it wishes and thus deflate the value.

    And second, gold - unlike real estate - can be purchased by almost anyone.


    Have a more understanding day.
    Last edited by DA60; Sep 20 2011 at 06:34 AM.

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    you really can't expect the dummies to see that point!

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    even though gold fell this week I am still looking ahead, perhaps I may even buy some more if the price is right

  8. #17

    Default

    Sounds just like the people who were talking about the "new economy" when Bush took office. The technology sector. particularly internet stocks, had produced a bubble. People were bidding up stocks to insane PE ratios because profitability and assets didn't matter in the "new economy." We had companies with no assets buying established companies with the proceeds from that bubble. We had a recession right then and then recovered just in time for the real estate bubble. We are still swooning from that one. And you think gold can climb forever because it can't be printed by the government? Real estate can't be printed by the government either. Neither can internet companies.

    Getting into gold now is the wrong concept. You want to buy low and sell high. Not the reverse.

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    Quote Originally Posted by fmw View Post
    And you think gold can climb forever because it can't be printed by the government?
    Where exactly did anyone in this thread say that 'gold can climb forever'?


    I, personally, not only never typed it...I have never even thought it.

    Getting into gold now is the wrong concept. You want to buy low and sell high. Not the reverse.
    Many of us who invest in gold believe that the fundamentals are there that gold should go to at least $2500/oz..
    But let's say it only goes to $2000 and then tops out (probably because the Fed goes back on it's promise and starts to raise interest rates - though that seems doubtful).?

    Right now gold is at $1633/oz.

    If it goes to $2000 - that is what, a 20+% return on your investment?

    Now please tell me another area of investment where the fundamentals over the next year or so look good for a 20+% return?
    Stocks? Real estate? Bonds?
    You see the DOW or your local real estate market going up 20+% in the next year or so?
    Do you see ANY realistic chance of that happening?
    I don't.

    But the fundamentals of gold and silver are (imo) they go up when there is inflationary concerns and monetary instability.
    And the western world has that in spades right now.
    The US dollar index is all over the map and inflation has tripled in the U.S. in the last 12 months.

    http://www.bloomberg.com/apps/quote?ticker=DXY:IND

    http://www.usinflationcalculator.com...flation-rates/

    And this has been going on for about 10 years now - ever since the Fed decided to lower interest rates to artificially low levels.

    And how long has gold been booming? Well, look for yourself.




    So please tell me where I should put my money then that has a strong chance at a better return over the next year or so - if not in gold/silver?

  10. #19

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    It's been booming about as long as internet stocks did in the 1990's. The problem isn't so much the upside as it is the downside. Gold has a history of crashing badly when it declines in value - moreso than most other investment vehicles. It's your money. Best of luck to you.
    Last edited by fmw; Sep 28 2011 at 09:44 AM.

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    Quote Originally Posted by fmw View Post
    It's been booming about as long as internet stocks did in the 1990's. The problem isn't so much the upside as it is the downside. Gold has a history of crashing badly when it declines in value - moreso than most other investment vehicles. It's your money. Best of luck to you.
    Sure, gold/silver will probably come down hard one day.

    But, imo, it will not be before the Fed and other central banks start to noticeably raise interest rates and stop their 'cheap' money policies.

    Because as long as 'cheap' money is being produced, inflation/monetary fears/uncertainty will continue. And as long as they do - gold/silver should do (overall) well.

    But thanks.

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