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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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09-28-2010, 09:54 PM
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#1
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Registered User
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
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GOLD
Gold @ $1,300 an oz.
WTF!!!
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"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
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09-28-2010, 09:56 PM
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#2
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,690
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Don't get me started. I USED to use a lot of gold leaf in my work. Can't afford it anymore. 
Posted from my iPhone/Mobile device |
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09-28-2010, 10:01 PM
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#3
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Registered User
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
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Silver too.......@ $22.00 oz.
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"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
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09-29-2010, 08:00 AM
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#4
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Fear of financial melt down or future inflation.
Some predicting $1500-$2000oz, however it can be a wild
roller coaster ride as an investment.
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" Choose Life "
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11-08-2010, 08:33 PM
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#5
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Registered User
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
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New high, $1,400 today
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"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
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11-08-2010, 08:39 PM
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#6
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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I gotta get me ETF's RIJimmy?
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11-08-2010, 08:49 PM
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#7
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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Go GLD & SLV! To the moon....
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 Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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11-08-2010, 08:52 PM
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#8
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,690
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Gold up... Dollar down... Were screwed
Posted from my iPhone/Mobile device
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11-08-2010, 11:14 PM
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#9
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Gold scared me when it was at $1000. It's a petrifying investment at $1300.
Wish I could invest through LendingTree.
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11-09-2010, 07:24 AM
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#10
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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BOSTON (MarketWatch) -- Exchange-traded funds that hold precious metals rose in premarket trading Tuesday as gold futures climbed above $1,420 an ounce. SPDR Gold Shares (GLD 138.72, +0.94) was up 0.7%, while iShares Silver Trust (SLV 27.84, +0.69) gained 2.7%.
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Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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11-09-2010, 08:04 AM
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#11
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,270
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Wish I applied the WeeWee strategy 2 years ago.
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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11-09-2010, 08:05 AM
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#12
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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Yeah but who here owns any?? Who here has the money to buy it??
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Almost time to get our fish on!!! 
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11-09-2010, 08:08 AM
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#13
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Afterhours Custom Plugs
Join Date: Mar 2004
Location: R.I.
Posts: 8,642
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my neighbor went HEAVY into metals in the last 10 yrs...shoulda, coulda, woulda, waahhh
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11-09-2010, 08:20 AM
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#14
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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I do own some vintage gold coins that belonged to my Dad! Don't think I would sell them though. I wonder if the gold weight value is higher or the collector value is??
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Almost time to get our fish on!!!
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11-09-2010, 08:28 AM
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#15
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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I have invested in gold since the early '80's: I keep my 6 gold crowns safely in my mouth!
Come to thing about there is a fair amount of silver, too, mostly priced in the '60-70's.
Last edited by PRBuzz; 11-09-2010 at 08:34 AM..
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11-09-2010, 09:49 AM
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#16
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Registered User
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
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I have a cousin that sold all of his stock (he had a lot too) about 10 years ago and dumped it into Gold and Silver...........If you ever met him you would think he is a little "slow". Guess he is having the last laugh.
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"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
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11-09-2010, 11:23 AM
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#17
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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Quote:
Originally Posted by BigFish
Yeah but who here owns any?? Who here has the money to buy it??
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anyone here that has a 401K or IRA, most providers will have a precious metals mutual fund or gold fund.
If you have a brokerage account, same thing. This gives you exposure to gold without the hassles and expense of owning gold bars/coins
I wouldnt throw all my $ in it, but use as a part of your allocation. |
making s-b.com a kinder, gentler place for all 
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11-09-2010, 11:28 AM
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#18
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sick of bluefish
Join Date: Aug 2003
Location: TEXAS
Posts: 8,672
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Quote:
Originally Posted by afterhours
my neighbor went HEAVY into metals in the last 10 yrs...shoulda, coulda, woulda, waahhh
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buying is one good move, but when will he sell?
Investments arent worth crap until you cash out. Remember the tech bubble? Hows that $400+ per share eBay working out for people?
the key is BALANCE. Use gold to offset your other investments. Rebalance regularly. If you own say $1000 in a gold mutual fund and it goes up to $1400, sell off $400 and invest it in the funds in your portfolio that are down. Dont time the market, but rebalance regularly to your target percentages. You will WIN in the long run! would the face in my avatar steer you wrong? |
making s-b.com a kinder, gentler place for all
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11-09-2010, 01:01 PM
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#19
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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Quote:
Originally Posted by BigFish
I do own some vintage gold coins that belonged to my Dad! Don't think I would sell them though. I wonder if the gold weight value is higher or the collector value is??
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Usually the collectors value is higher than the value of the metal. Usually being the key word in that sentence. |
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11-09-2010, 01:34 PM
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#20
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Many Financial Ad-visors recommend 5-10% of your portfolio in
gold to diversify and have a hedge against inflation.
The reason to invest now is more a hedge against the falling dollar than inflation.
Although that could raise it's ugly head too.
I guess you could dollar cost average into Spyder GLD going in now at it's high of
$1400 an oz, but it is very volatile and can drop like a rock.
I remember back in the late 70s-early 80s it shot up quickly close
to $900 and then fell to $300 and traded in the $300- $400.
range for years.
Ya need a crystal ball.  |
" Choose Life "
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03-07-2011, 11:09 PM
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#21
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Registered User
Join Date: Oct 2006
Location: Marshfield, Ma
Posts: 2,150
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$1,434
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"I know a taxidermy man back home. He gonna have a heart attack when he see what I brung him!"
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03-08-2011, 03:56 PM
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#22
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Wipe My Bottom
Join Date: Sep 2006
Posts: 1,911
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