GOLD

[JohnR]

Wish I applied the WeeWee strategy 2 years ago.

[BigFish]

Yeah but who here owns any?? Who here has the money to buy it??

[RIJIMMY]

Originally Posted by BigFish

Yeah but who here owns any?? Who here has the money to buy it??

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.

[afterhours]

my neighbor went HEAVY into metals in the last 10 yrs...shoulda, coulda, woulda, waahhh

[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??

[MakoMike]

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??

Usually the collectors value is higher than the value of the metal. Usually being the key word in that sentence.

[justplugit]

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.

[RIJIMMY]

Originally Posted by afterhours

my neighbor went HEAVY into metals in the last 10 yrs...shoulda, coulda, woulda, waahhh

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?