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Article about gold
Posted: Thu Jun 11, 2015 8:12 am
by I Shrugged
Posting on the run, no time to come up with thoughtful comment.
http://www.mauldineconomics.com/the-10t ... ng-in-gold
Re: Article about gold
Posted: Thu Jun 11, 2015 8:58 am
by sophie
John Mauldin has written a number of thoughtful articles about gold investing, and that's what got me interested in gold originally. He himself invests in physical gold with a regular (monthly) subscription program. It's quite refreshing.
Predicting gold prices is a game that few have ever succeeded at...even Harry Browne, with that spectacular and (we think now) predictable gold price runup in the early 70s after it was decriminalized, said he simply got lucky. I have the feeling that this is a great time to be stashing gold, but as buying any percentage at all means thumbing my nose at the majority of well-qualified experts who insist never to touch the stuff, I'm afraid to be anything but completely agnostic.
Re: Article about gold
Posted: Thu Jun 11, 2015 10:34 am
by Libertarian666
sophie wrote:
John Mauldin has written a number of thoughtful articles about gold investing, and that's what got me interested in gold originally. He himself invests in physical gold with a regular (monthly) subscription program. It's quite refreshing.
Predicting gold prices is a game that few have ever succeeded at...even Harry Browne, with that spectacular and (we think now) predictable gold price runup in the early 70s after it was decriminalized, said he simply got lucky. I have the feeling that this is a great time to be stashing gold, but as buying any percentage at all means thumbing my nose at the majority of well-qualified experts who insist never to touch the stuff, I'm afraid to be anything but completely agnostic.
The majority of "well-qualified experts" don't understand gold, or they wouldn't have that position.
At least, this is my analysis after reading a lot of explanations of why:
1. Commodities don't provide a net return after inflation (neglecting the facts that gold isn't a "normal" commodity, and that, as a result, gold has had a much different price history than most "normal" commodities)
2. No one should have 100% of their assets in gold (who has said that?)
3. "Gold bugs" are wacko conspiracy theorists (how about "stock bugs"; are they wacko conventional wisdom anti-conspiracy theorists?)
Along with, I'm sure, dozens of other equally valid (or equally invalid) arguments against having gold in one's portfolio.
Re: Article about gold
Posted: Thu Jun 11, 2015 3:39 pm
by MachineGhost
sophie wrote:
Predicting gold prices is a game that few have ever succeeded at...even Harry Browne, with that spectacular and (we think now) predictable gold price runup in the early 70s after it was decriminalized, said he simply got lucky. I have the feeling that this is a great time to be stashing gold, but as buying any percentage at all means thumbing my nose at the majority of well-qualified experts who insist never to touch the stuff, I'm afraid to be anything but completely agnostic.
Gold is one of those things that seems to be pure emotionalism. I can't imagine anything more harder to predict than the madness of crowds!
Re: Article about gold
Posted: Sat Jun 13, 2015 9:59 pm
by followme
If you follow gold you find out fast that there are no rules to follow (anymore). Get rid of all what you learned at university. I buy my 2,3 or 4 ounces a year and SOMEDAY.... BOOM and we see an unstoppable escalating gold price. How much is gold than worth? (
http://www.redollar.com/ask-me/how-much ... worth.html) Maybe 2K again? or maybe 3K or 4K an ounce? Everything is possible!
Re: Article about gold
Posted: Sun Jun 14, 2015 6:37 am
by ochotona
If gold booms again, holders must sell rebalance quickly. Look at 1980 2011