INFLATION, will buying Gold or Silver be a good idea...

[RubHer Yellow Ducky]

I'm not being CHICKEN LITTLE

but

what are your thoughts on buying and (taking possession) of GOLD and/or SILVER...

In gold, things like 1 oz known coins (known meaning well know brands/countries)
In silver, 1 oz, 10 oz & 100 oz known bars

I've looked at the
24 hour
30 day
60 day
6 month
1 year
5 year
&
10 year charts and for the "most" part it continues to go up faster then other investment...(yes I know LAND WAS good)

CD's are safe but don't pay much, todays stock market ???????????

Looking for honest knowledgable answers/suggestions/recomendations

thanks

RYD

[frenzy1]

I'd personally go for Gold !

[RubHer Yellow Ducky]

Originally Posted by frenzy1

I'd personally go for Gold !

THANKS FRENCHY

[frenzy1]

Now serious: I'd really go for gold. Gold will keep it's value or will go up in value in the long term. Just my two cents !

[Big Dad]

Platinum baby...if you can afford it...long haul.

I believe the Fed is gonna cut the rate again so I'd be careful with any money changing at this point in time. You might have a few better short term options for making some cabbage. I'll pm you later with my 2 cents...for now I've got to go to my Corporate Finance class...you know, learning how to properly invest the company's money is priority.

[MarineHawk]

Originally Posted by frenzy1

Now serious: I'd really go for gold. Gold will keep it's value or will go up in value in the long term. Just my two cents !

At the end of January 1978, the DOW was at 769.92. Today, 30 years later, it’s at 12,443.64. Thus, if you invested $10,000 in a DOW index fund in January 1978, your investment would currently be worth about $161,622.51.

At the end of January 1978, Gold was at $175.75/oz. Today, 30 years later, it’s at $921.75/oz. Thus, if you invested $10,000 in Gold in January 1978, your investment would currently be worth about $53,446.66.

Two years later, in January 1980, Gold reached a high of $850.00, and the DOW was at 838.74. Thus, if you bought gold in January 1978, you would be a lot better off if you sold it in January 1980, than you would have been selling your DOW stocks. However, if, as you’re thinking now, you were BUYING gold in January 1980 after a long period of steep appreciation, you would have been screwed: a $10,000 investment in Gold in January 1980, would now be worth only $10,844.12; and a $10,000 investment in diversified DOW stocks would now be worth $148,361.11.

Even if you were super smart or lucky and bought Gold during its 15-year low from the early 80s to the mid 90s (late February 1985), when gold hit a multi-year low of $284.25, and the DOW was at 1,284.01: a $10,000 investment in Gold in February 1985, would now be worth $32,427.44; and a $10,000 investment in diversified DOW stocks would now be worth $96,912.33.

Just use your intuition, and look at the 33-year chart of gold prices: (1) it went down during most of the 1980s and 1990s; and (2) we're now on a part of the curve right now that looks ominously like the January 1980 part of the curve, and it went way down after that and has taken 28 years to get back up to that price. Compare that chart to this: http://finance.yahoo.com/charts#chart3:symbol=^dji;range=19780127,20080128; indicator=volume;charttype=line;crosshair=on;logsc ale=on;source=undefined A diversified stock portfolio has beaten the pants off gold I think during any long haul period you can name.

See http://www.kitco.com/charts/historicalgold.html

[Big Dad]

RYD's not looking long term at his age...RU? I mean you aint exactly a spring chicken.

To me precious metals have/mean limited supply...sooner or later...that value at a future time should rise considerably. You probably aint gonna live to see the day in contrast to a youngster.

Seriously though, shouldn't you be investing in T-bills at this point? You know, risk versus age.

You are retired right?

[MarineHawk]

Originally Posted by Big Dad

To me precious metals have/mean limited supply...sooner or later...that value at a future time should rise considerably.

I agree , but it's arguably already done that for the time being. Gold has risen to four times what it was seven years ago. I suspect it's like 2005 in real estate (also limited supply)--the end of the boom. Gold won't keep going up at this rate forever, and like in 1980, there is a real possibility that it will correct downwards for a long while after such a sustained, seep spike upward.

Originally Posted by Big Dad

Seriously though, shouldn't you be investing in T-bills at this point? You know, risk versus age.

I agree. But, if he doesn't want to be that cautious, diversified stocks would be much safer than gold IMO.

[Big Dad]

Originally Posted by MarineHawk

I agree. But, if he doesn't want to be that cautious, diversified stocks would be much safer than gold IMO.

Agreed.

[lennyrebel]

I think if you have that kind of serious money you would do wise to ask some Stock type knowledgable people, Now if you have a Hummer type question this is the right place.

[KenP]

I like the long term prospects for Alpaca's.

[ssgharkness020147]

Buy Jacobs engineering (symbol JEC). We've made 4X on that bad boy, its been a solid winner again, and again.

[SnakeH2]

Gold nearing $1,000

http://www.bloomberg.com/apps/news?pid=20601012&sid=a72Zt55Nh1lw&refer=commoditi es

What did you do RYD? Did you end up buying any?

[Big Dad]

Originally Posted by Big Dad

RYD's not looking long term at his age...RU? I mean you aint exactly a spring chicken.

To me precious metals have/mean limited supply...sooner or later...that value at a future time should rise considerably. You probably aint gonna live to see the day in contrast to a youngster.

Seriously though, shouldn't you be investing in T-bills at this point? You know, risk versus age.

You are retired right?

Originally Posted by SnakeH2

Gold nearing $1,000

http://www.bloomberg.com/apps/news?pid=20601012&sid=a72Zt55Nh1lw&refer=commoditi es

What did you do RYD? Did you end up buying any?

Hell buy any...did he live to see it is more like it....

[RubHer Yellow Ducky]

I bought Gold & Silver and took possession of it......Did pretty good this year so far !!!!!!!!!!!!!

[wpage]

Silver!!

[MarineHawk]

Originally Posted by RubHer Yellow Ducky

I bought Gold & Silver and took possession of it......Did pretty good this year so far !!!!!!!!!!!!!

Bummer dude. Don't say I didn't warn you.

[RubHer Yellow Ducky]

I sold my gold at or near the peak....still holding my silver...

even holding the silver i'm ahead...gonna buy more (silver)

[Big Dad]

Good job, now go out and blow it on gas, food, etc...pump the economy back up.

[frenzy1]

Originally Posted by Big Dad

Good job, now go out and blow it on gas, food, etc...pump the economy back up.