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Money, Business & Finance Ground >> Lets talk about gold


7/5/06 7:04 PM
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Buddhadev
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Edited: 05-Jul-06
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$627...what's what saying? It's deja vu all over again.
12/15/10 12:07 AM
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Buddhadev
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ttt...folks just think about this thread four and a half years later. Isn't it amazing that people were ACTUALLY questioning whether or not gold was a good buy in the 500s/600s?
12/16/10 9:45 PM
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HELWIG
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 Fill me in on whats going on with gold? 4 years make a big difference?
12/17/10 11:45 PM
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Buddhadev
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HELWIG, what's up with it is that the dollar (and many of the European fiat currencies) are slowly turning into monopoly money.

Did you end up buying much gold all those years ago? If so, kudos! I only HEAVILY bought after the financial crisis when I called BS on the short-term de-leveraging driven devaluation of assets (got in slowly from about 700-900/oz, haven't added much since). BTW, I don't buy physical, but mostly buy mining stocks.

Yes! What a difference four and a half years makes!
12/18/10 12:27 PM
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HELWIG
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 No, I didnt buy.
12/18/10 1:41 PM
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Buddhadev
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HELWIG -  No, I didnt buy.


:-(

There are still undervalued opportunities out there if you want to bet on a falling dollar. The ETF that tracks Rogers Commodities Index (as in, Jim Rogers) is still way below its all-time pre-bubble high and often moves on many of the same dynamics as gold. It's what I'm slowly adding these days.
1/23/11 8:13 PM
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kanotoa
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HELWIG I think you still have an opportunity to buy, but in silver. Read up, it's still relatively cheap and there's been a dip recently.

I've also looked into those ETFs, rogers said this year is going to be big in commodities.
1/23/11 8:50 PM
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HELWIG
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 Cool to at least have this as a convenient reference for people who doubt how important opportunity and not hesitating are.

Any estimate as what someone would have now if they put 10K into gold when this thread was made?
1/24/11 1:35 AM
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kanotoa
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IMO you can still make some big gains. Don't look back on this thread 2 years from how and double slap your head.
1/26/11 3:41 AM
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TheDrake
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HELWIG -  Cool to at least have this as a convenient reference for people who doubt how important opportunity and not hesitating are.

Any estimate as what someone would have now if they put 10K into gold when this thread was made?


Someone wrote it was $500 and that was in '05. It's now at around $1350 so you can do the math.
1/26/11 4:10 PM
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HELWIG
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 Honestly I cant.

Humor me. If I threw 5K into gold in 2004 what would I have if I cashed out in 2011?
1/27/11 10:30 AM
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TheRealPINKY
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$5000 / 500perOz = 10 OZ

fast forward 6-7 years

10oz x $1350 = $13500

$5000 -> $13500 in 7 years.

13500/5000 = 270% in 7 years or about 38% increase per year.
1/27/11 10:38 AM
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TheRealPINKY
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oh i didnt see you say 2004.

I think gold was around $350/ oz in 2004 so

$5000 / $350perOz = 14.25 OZ

fast forward 6-7 years

14.25oz x $1350 = $19237

$5000 -> $19237 in 7 years.

19237/5000 = 384% in 7 years or about 50% increase per year.

1/27/11 11:31 AM
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HELWIG
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 That'd be sick if you did it with a ton of money. But its always easy to say in retrospect.
1/27/11 9:36 PM
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kanotoa
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I know hind sight is 20/20 but you still have a chance to get in, I think PMs haven't hit bubble levels yet because not too many people really buy them IMO. If we get big or hyper inflation the PMs will at least preserve your wealth.
2/3/11 1:57 PM
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newport
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going long physical gold a great trade now
3/14/11 1:13 AM
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mikehh
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kanotoa - I know hind sight is 20/20 but you still have a chance to get in, I think PMs haven't hit bubble levels yet because not too many people really buy them IMO. If we get big or hyper inflation the PMs will at least preserve your wealth.



i disagree- alot of people are buying them now especially though the ETF trade

gold will hedge inflation, but if the fed raises rates gold can get smashed- its happened in the past.
3/14/11 2:22 PM
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kanotoa
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I doubt Fed will raise interest rates.
3/14/11 4:24 PM
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mikehh
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You don't think the fed will ever hike rates?? Phone Post
3/24/11 4:22 PM
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LiftStrong
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 I hear a lot of people mentioning getting into "physical" gold.  I understand the value per oz is huge right now, but arent we due to see an oversaturated market?  Mining companies have huge margins on gold, last I heard it cost many miners $375 to produce an oz and the market price is what, $1400?  I would have to assume many would increase their capacity to take advantage of this margin while gold is at an all time high.  Am I looking at this in too much of a production/supply & demand viewpoint?

At this point I am looking for the right time to put in a short.  Interest rates are going to start to come back in the next year or so. 

3/24/11 11:46 PM
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kanotoa
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There are far more dollars chasing a finite, tangible asset that has been money since almost as long as man had money. Gold, productive real estate, farm land, food, water, and I guess physical oil are tangible goods.
5/29/11 5:45 PM
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Buddhadev
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mikehh - You don't think the fed will ever hike rates?? Phone Post


Not until unemployment is lower than 7 or 8%, IMO.
7/11/11 1:35 AM
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Buddhadev
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The Fella - Amazing thread back in 05' Helwig! Along with an epic bump from Buddhadev, Great work.

Just from looking at the 2nd post in the thread shows that not many members here at the time were aware of the potential of Gold. - (still may be true.)

Looking at the current POG we are sitting at $1545.00 rising ferociously to 1500 nearly up 1000 from the Orig.post.


Personally I feel the rise of Gold/Silver is strictly due to the collapse of the U.S Dollar. It may be nice for investors to see their precious metals rise but at what cost?


^^^I actively try not to think about things like that. Food riots aren't a pleasant prospect. :-(
7/28/11 1:16 PM
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kanotoa
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Still not too late to get in IMO. I predict $100 silver in 3 years or less. Gold will be $2000 in 18 months.

Any bears care to go out on a limb?
7/28/11 1:18 PM
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kanotoa
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There will be dips in silver, buy at $35 if you can find any metal at that price. The floor is rising so each dip will yield small floors IMO, 35,37,40,45...

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