Posted on 04/15/2014 5:48:07 AM PDT by blam
Gold Is Having Its Worst Day Since The Day Of The Taper
Joe Weisenthal
April 15, 2014, 8:30 AM
Gold is getting smoked today. Worst day since December, when the taper was first announced.
(Excerpt) Read more at businessinsider.com ...
Wish gold would drop below $1K/oz. I’m definitely interested, but not at those prices.
Not to worry, no FReeper has never lost money speculating in precious metals...........just ask them.
never - I meant ever.
Never try to catch a falling knife.
Last year about this time was pretty bad for metals too as was the year before that if I remember right. what’s the saying, “sell in May and walk away”. Looks like May is coming early this year.
You don’t officially ‘lose’ unless you actually divest yourself of it at a price lower than you paid for it. So there is always the ever optimist out there saying it’s a good deal. Buy it now, or then, or when it’s at it’s highest because ‘analysts’ say it’s gonna hit $3000/oz.
Frankly, I’ve invested my cash in other things. Steel, copper, lead brass, etc. Under some circumstances this could be worth much more than gold.
What I find interesting is the history ratio of value between gold and silver.
You can use present ratios to determine whether one or the other is the best buy at any time.
IIRC, silver has been the best buy for quite some time.
Now, factor platinum into the mix, and you’ll see that gold is way overvalued.
Don't know what time it is in the Congo.
But you are pouring a little curdled cream into some morning coffees over here.
lol
Speculation is one of the chancier games a human being can engage in, outside of Russian Roulette, and for the same reason - eventually you WILL hit the live cartridge in the revolving chamber.
Actually speculation with the expectation of coming out ahead is more like playing Russian Roulette with a Glock .45ACP. With a full clip.
If you buy, buy to hold, and keep in mind, it is for doomsday purposes only. An ounce of gold or a handful of diamonds will barter for a lot, and it is absolutely fungible.
Otherwise, gold is just ornamentation.
Not to worry, no FReeper has never lost money speculating in precious metals...........just ask them.
Gold, like the temperature, goes up and it goes down. Attempts to explain why have proven futile in the past, and will continue to do so in the future.
PM for me is junk silver. Always has been. I don’t mess with gold, especially with the gold plated tungsten out there. And in a SHTF scenario, the silver is in lower value pieces.
If you buy, buy to hold, and keep in mind, it is for doomsday purposes only.
I don’t gamble.
I took the tack that tells me there is a good potential where a single 22LR round will spend like a quarter, half-dollar, dollar depending on the situation.
You are right although I think you were trying to be facetious. Gold is “real” money. An ounce of gold is always worth an ounce of gold. The same can not be said for the Federal Reserve Note.(And I own no precious metals by the way.)
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