Posted on 05/25/2010 3:28:58 PM PDT by Flavius
It's been the amazing, runaway boom of the past decade. If you'd put your money into gold at the lows about 10 years ago, you'd have made a nearly 400% return. That's left pretty much everything else—stocks, China, let alone housing—in the dust.
But with gold now trading near record highs, the big $1,200-an-ounce question is obvious.
(Excerpt) Read more at online.wsj.com ...
Is gold the next bubble? Who knows... but I have 200 DZZ that says it IS.
Green is the next bubble. All this green global warming crap.
All those newly printed Bernanke-Bucks gotta go somewheres.
Ain’t goin’ into employment. Ain’t much goin’ into Stocks. Bonds be suckin’ wind, and Emerging Markets done gone wild alreadys.
So whas a guy gunna do wit all dat cash? That there inFLAshun gonna getcha. So youse puts ‘em into gold! Ya! That’s der ticket! Never gonna fail ya, gold!
No bubble here. Move along.
< / Helicopter Ben >
>> Green is the next bubble. All this green global warming crap.
I’m with you there, FRiend! Speaking of “green global warming crap”, see my tagline...
8-)
When you “buy” gold, aren’t you just buying a piece of paper?
I mean, a Brinks crew doesn’t pull up in your driveway and start hauling gold bars into your garage, does it?
well what happens when there are no move buyers of gold?
Buy Silver.
..if gold is truly a bubble then I blame part of it on current monetary policy...with the Fed lending money at practically zero, banks pay you no interest on your savings account...so people are constantly looking for profitable places to put their money...we’ll have endless bubbles as long as the Fed keeps money so cheap.
you can definitely buy physical gold/ coins, ingots etc. but you do have to find a way to store it that lets you sleep at night
When the s#!t hits the fan, gold won’t be good for anything. You can’t eat, you can’t heat your home with it, and you can’t cure diseases with it. You could probably make it into serviceable bullets, but stockpiling lead for that purpose would be a heck of a lot cheaper.
“You can’t eat, you can’t heat your home with it, and you can’t cure diseases with it.”
Doubtful you’ll be able to do that with your bullets either.
I sort of doubt it unless someone manages to literally discover a huge gold mine. One headline on Drudge suggested that they can’t produce enough of the stuff. What could cause the price of gold to collapse? An increase in the value of a dollar? Good one!
Gold Line sells gold coins and bullion. Yes, they will deliver it to your house. If you buy enough, I imagine they will have it delivered to your safety deposit box.
I would NOT keep Gold in a safe deposit box at a bank...
“you do have to find a way to store it that lets you sleep at night”
I have heard that when Roosevelt made owning gold bullion illegal, a Treasury agent would be present when ANYONE would open a safety deposit box.
I have thought about gold IRAs where they actually put physical gold in a physical safety deposit box with your name on it, but unless it is where I can get my hands on the gold in an emergency, it is just the same as paper gold stock. And I’ll bet that you can’t just have them send you your gold when you want to close the account.
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