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Is gold still worth investing in?

Discussion in 'BlackHat Lounge' started by lukeevans, Feb 17, 2009.

  1. lukeevans

    lukeevans Junior Member

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    Just curious
     
  2. infinite22

    infinite22 Registered Member

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    Gold has never been worth "investing" in. Historically gold has performed little better then inflation on an overall basis, in other words horribly. It is and will always be a horrible investment.
     
  3. berrycorp

    berrycorp Guest

    well its easy to keep your money liquid that way.... n if your income is "undeclared" its "the" best!

    n it will go up a bit.... nothing better to invest in for atleast 1-2 years!
     
  4. drkenneth

    drkenneth Executive VIP

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    I would suggest investing in either silver or platinum at the moment. Platinum is currently way lower in comparison to gold than it has historically been. (Currently at $1100; it was $2000+ a few months ago and dropped heaving during the market issues.) Silver is also a good choice--it's at $14 atm and was at $20 a few months ago. (Though a few months ago would have been more ideal when it was ~$10, haha.) Basically the metals market has been on a rollercoaster ride and now would be a good time to catch the tail end of the upswing. I personally have about 20lbs+ of silver locked up.

    Go for gold if you want price stability.
    Silver and platinum if you want chance for substantial growth.
     
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  5. so288

    so288 BANNED BANNED

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    How much 20Lbs of silver costs?
     
  6. infinite22

    infinite22 Registered Member

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    I disagree, there are plenty of better things, perhaps a high yielding CD if you concerned about liquidity and risk.

    Gold is only good if your a trader and are trying to make a quick buck off a "trade". It is not an investment and is a waste of time for anyone who doesn't have advanced knowledge of the market. There are plenty of other options which historically have performed well compared to the weak performance of gold.

    Gotta <3 all the people who are gold crazy after the last few years where there was some unusual upswings in the price of gold but it is hardly conclusive evidence to support an investment strategy.
     
  7. billu512

    billu512 Power Member

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    Yeah I Think So Cz Price Of Gold Is Increasing Besides It Is Cosidered as International Currency
     
  8. lukeevans

    lukeevans Junior Member

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    Alright thanks for the input.. I have MID $xx,xxx in a CD atm and I'm looking to turn it into more.. you know?
     
  9. Quicksilver.FX

    Quicksilver.FX Newbie

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    Never invest in gold. It's only for holding your American dollar value, really. Or unless other country's values are increasing then you make money. America IS NOT in the gold standard therefore it isn't an investment. You want to invest in money market.
    Sounds like you want to use all of the funds to invest. BAD IDEA! That's a good idea if you want to lose them all at once. Use just a little bit and experiment if you really want to do stocks. The more you experiment, the more experience you have and more stability you will have with high dollar investments.

    I suggest buying an already opened Asian restaurant. Who doesn't like Asian food? Already opened restaurants pretty much guarantees(not 100%) your profits.
     
    Last edited: Feb 17, 2009
  10. lukeevans

    lukeevans Junior Member

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    Arn't restaurants the most likely to fail?
     
  11. Quicksilver.FX

    Quicksilver.FX Newbie

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    Yes, new restaurants are most likely to fail. That's why I mentioned buying an already opened restaurants. When you're buying a running restaurant, you can always see how successful it is just by visiting it during meal hours. If the owner thinks you are a serious buyer, he will let you know every vital information you want.

    PM me if you have any questions. I rarely check the threads I posted in.
     
    Last edited: Feb 17, 2009
  12. minute80

    minute80 Regular Member

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    I disagree with you guys. Gold is good, since it holds its value above inflation, which is actually a good thing. On top of that, gold in untracable and when shit hits the road it is much easier to carry one kg of gold then same amount of money. Saving in any bank except Swiss ones, is also a bad choice. And stock market, I will not go into that at all...so to make conclusion, IMHO, the best money to have safe and liquid assets is gold, and if you want to save and earn money that start a company with high growth prorability.
     
  13. Barbacamanitu

    Barbacamanitu Jr. VIP Jr. VIP Premium Member

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    Here's my 2 cents. Invest your money into PPC, media buys, etc... and make a much higher ROI. That is great for short term and long term. If you are wanting very long term, then buy goods and tools. They do not depreciate, since you can still use them no matter how old. If the economy fails completely, then you will still have guns, ammo, traps, seeds, lumber, fuel, etc... Also, invest in getting some form of power generation.

    I know that isn't "investing" to you guys, but think about it.
     
  14. drkenneth

    drkenneth Executive VIP

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    ~$4500 at current market price. Got it significantly lower than that buying in the dips. (In the form of 99.99% pure bullion and sterling coinage.)
     
  15. Quicksilver.FX

    Quicksilver.FX Newbie

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    Just like every another person who hasn't tried would say. It's actually a perfect time to start buying shares. Everything is pretty much at rock bottom.

    Here's a real story. Everyone in America is familiar with The Great Depression. Stock markets were crashing and everyone was selling in hopes of not losing it all at once due to panic. But the top dogs saw it as a chance of becoming super filthy rich! Those who sticked with stocks were buying people's shares for pennies, dollars when street value is 100 times above and left it untouched. Everything gradually grew. After The Great Depression, the corporate world was booming because of those guys who played it smart. The history repeats.

    If you play with penny stocks(one, two, ten dollar per shares), you have a very high chance of losing but with huge stocks(100+ per share) you gradually increase your income, assuming you stick with it. Look at the richest people on Forbes, they don't even have diversified portfolio like majority of stock investors. They have hundreds to thousands of shares in a major company. They are still pulling millions a month even today in recession.
     
  16. Barbacamanitu

    Barbacamanitu Jr. VIP Jr. VIP Premium Member

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    Which is exactly what I was talking about. Buy goods. You will use them, not the money. Get yourself a house, some land, some wind power... become self sufficient. That is my plan anyways.
     
  17. Bama

    Bama Newbie

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    Due to the U.S government reckless spending hyperinflation is on its way which means the dollar will decline and gold will rise in value. I'm planning on stocking up.

    http://www.youtube.com/watch?v=9aMmjwaWtsE
     
  18. BuzzKill

    BuzzKill Executive VIP

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    The amount of bullshit that was just stated as fact in this thread is amazing...
     
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  19. tyler8541

    tyler8541 Regular Member

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    Hasn't gold at least doubled in price over the last couple years? Sounds like a good investment to me.
     
  20. Quicksilver.FX

    Quicksilver.FX Newbie

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    That's because our dollar value went down. In other words, if we had the same dollar value from couple years ago the gold value is the same. lol