Anyone here buying GOLD online ?

I`m thinking maybe a good time to cash in my aluminum cans.

Hi All; Got an offer in the mail from Dick's sporting goods. 25% off on the purchase of $100.00 or more of ammo. Stoped by today, redeemed my coupon.....

Yanche wrote:Don't let your objections to the overspending of governments cloud your thinking on your investments. Clearly the price of gold is higher than the cost to produce it. What's pushing it higher? Investors. It's a classic bubble market, just like tech stocks a decade or more ago. Remember the Internet bubble bust? The recent housing price bubble bust? You can make a lot of money riding any investment bubble, up or down. The challenge is knowing when to get out. That's very difficult to know, especially for amateur investors.

On the other hand if you believe the world's future money exchange medium will be precious metals go for it.

Clearly the price of most exchange traded companies is higher than their book value. If the economy fails because of a collapsing currency due to out-of-control deficit spending and excessive "quantitative easing", how exactly can an investment in gold be riskier than the stock market? If inflation is rising rapidly, holding your money in dollars or bonds is even more ludicrous. A wise investor will be properly diversified with some gold in their portfolio.

No doubt that gold can go down in value but it finds a floor at the cost of production (currently about 500/ounce) and will find even greater value in times when the future is uncertain (the speculative and store-of-value demand component). The wise investor leaves gold when the economy and currency are sound and stable.

GM, once the largest and most solid company in the world, had no floor to its value, as we saw recently. Today investors are all agog about the value of GM, which is intrinsically unchanged from three years ago. It sucked then, it sucks now. Where is the rationale in that investment decision?

mikeandgerry wrote:Today investors are all agog about the value of GM, which is intrinsically unchanged from three years ago. It sucked then, it sucks now. Where is the rationale in that investment decision?

Hey man,

the rationale is at exactly the place where you buy before it gains 8%! I wouldn't have minded getting in and out in the same day. I looked for GM stock last night and it didn't exist. Now today after the initial heavy trading, looks like a slippery slope lol.

Daytrader! Now that IS a slippery slope. Lost my azz in the dot bomb era daytrading an IPO.... Martha Stewart's co., MSO. That bi_tch cost me $500 in about 7 minutes!