Gold ready to crash?

Market Watch.com ^ | Jun 1, 2006 | Jesse Czelusta

[B4Ranch]

I presume you are a multi millionaire who lives off his dividends.

[Toddsterpatriot]

Gold never went bankrupt.

Well, then I suggest you put all your money into gold. I'll stick to stocks that can increase their earnings and dividends.

[Toddsterpatriot]

You don't have to be a multi millionaire to laugh at ignorance.

[Atlas Sneezed]

More silly anti-gold rhetoric. You don't need to put everything into gold to recognize that it has never gone bankrupt.

[Toddsterpatriot]

You don't need to put everything into gold to recognize that it has never gone bankrupt.

You don't need to put anything into gold to recognize it has never gone bankrupt. Philip Morris has never gone bankrupt and pays a 4.5% annual dividend. What do I win?

[Atlas Sneezed]

Philip Morris has never gone bankrupt and pays a 4.5% annual dividend. What do I win?

---

Past performance does not guarantee future results.

There are scenarios where gold would be better than PM.

[Toddsterpatriot]

Past performance does not guarantee future results.

You feeling okay? You actually said something I can agree with.

There are scenarios where gold would be better than PM.

Sure, but Philip Morris pays you to wait. How much does gold pay you?

[Toddsterpatriot]

Gold never went bankrupt.

Philip Morris was never confiscated by FDR.

[Sic Luceat Lux]

and pays a 4.5% annual dividend.

Yep, now it's more then obvious...what we have here -sparring with us- is an aspiring stock broker - scrambling to sway public opinion of those who might want to try to make a some dollars in gold or silver - while needlessly, publicly whimpering/fretting about a loss in his future commissions.

[Sic Luceat Lux]

Tell us Todd, flat out, you're a stock broker, correct?
I've admitted that I owned a successful coin business [oh, how dreadful, chuckle/ chuckle]) for over eleven years; it's no sin here Todd, to admit your occupation. (just curious, as I remember all those years in my numismatic business -of once in a blue moon having these same type of discussions (sparring with stock brokers about the merits of investing in gold and silver) - as we see here between you, I, B4Ranch and Beelzebubba.
(so, you're in your first or second year as an aspiring stock broker?)

[Toddsterpatriot]

I've admitted that I owned a successful coin business [oh, how dreadful, chuckle/ chuckle]) for over eleven years

When did you admit that?

[Sic Luceat Lux]

(and btw Todd, what I've stated here in this thread are a few purchases of silver bars (this year) / I haven't even bothered to bring up in this gold thread- the 50 krugerrands I purchased when gold was at $418.00 and I paid $423)

But Todd, it's O.K. - it's not a total loss for you, I do have a solid portfolio in stocks. (but only 15-20%)
(awaiting your replies after you leave Merrill [or whatever] later today, heh)

[Sic Luceat Lux]

Oh, you are monitoring from Merrill I see.

admitted that I owned a successful coin business

hmmm, not as astute as I thought Todd, you have neglected to find/hunt for the silver thread here-that's been ongoing for over four months - - -

[Toddsterpatriot]

you have neglected to find/hunt for the silver thread here-that's been ongoing for over four months - -

Sorry, I don't watch every silly goldbug thread. My first experience with you was your panty-in-a-wad reaction to my goldbug taunts. Which you answered with your big profit (hehe) silver trading history.

[Toddsterpatriot]

Tell us Todd, flat out, you're a stock broker, correct?

Nope. I have my Series 7 and am also a Registered Options Principal (Series 4). I've been in the Securities Industry since 1984. I have never solicited customer business and have never received a dollar in compensation from commissions.

I'm currently a financial analyst on the buy side. It's kinda funny that a coin dealer who charges 1.8% commissions on bullion, I know your markups on coins are much higher, wants to criticize stock brokers who charge much lower commissions.

[Sic Luceat Lux]

silly goldbug thread

absolutely too funny/very astute, very, rofl

[Sic Luceat Lux]

I'm currently a financial analyst on the buy side.

So, tell us, is this the same as being a: silly analyst?

[Sic Luceat Lux]

a coin dealer who charges 1.8% commissions on bullion

Let me do some- analyzing and let me specifically analyze - how you missed the important numbers/facts - in an easy to comprehend scenario:

I just stated above that I purchased 50 krugerrands with gold bullion at $418 and I paid $423 for each of these krugerrands. Grab your calculator and analyze properly - - - what is the commission? (ahhh, not 1.8%)
(and of course, when I do sell them to my coin dealer friend, he'll most likely give me about $2 over spot)

[here we have an "analyst" who flunks out - on easy math???]

[Toddsterpatriot]

Let me do some- analyzing and let me specifically analyze - how you missed the important numbers/facts - in an easy to comprehend scenario:
silver was at $8.35. He then said he would charge (fees, as you call them) fifteen (15 cents) over spot

Back to the drawing board n00b.

[Sic Luceat Lux]

I know your markups on coins are much higher...

Btw, it's indisputable, that historically - investing in rare coins has out performed every other long term investment - of any kind. Todd, do you know who Louis Eliasberg was?