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Thread: Investing in Gold & Silver

  1. #13

    Join Date
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    Default Re: Investing in Gold & Silver

    Quote Originally Posted by clester View Post
    What is the best way to hold gold in a Roth Ira?
    This guy wants money to tell you how. I listen to his (free) podcast...

    http://financialsurvivalradio.com/goldsilver/

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  3. #14

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by Happy Trails View Post
    Faber is an extreme perma bear. I was surprised that he said to hold 25-30% equities. Also, why hold physical gold if it's going to correct. Sell it at an all time high if it's going to correct, right?
    I don't think he thinks the current price is an all time high, in the context of the question he was asked, "should people buy gold now?" The thing I took away was the relative higher risk in ETFs (he called them only "claims" on gold) and physical gold held in the USA. A lower risk to hold the physical gold in specific countries. I seem to recall the USG doing something about gold held by citizens before. And in the context of the future need of the USG to have its citizens more "invested" in its debt.......maybe just invested and maybe in exchange for annuities.....

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  5. #15

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by Warrenlm View Post
    I don't think he thinks the current price is an all time high, in the context of the question he was asked, "should people buy gold now?" The thing I took away was the relative higher risk in ETFs (he called them only "claims" on gold) and physical gold held in the USA. A lower risk to hold the physical gold in specific countries. I seem to recall the USG doing something about gold held by citizens before. And in the context of the future need of the USG to have its citizens more "invested" in its debt.......maybe just invested and maybe in exchange for annuities.....
    That is really my question. How could you do what Faber says with IRA funds?
    100 G
    RSI - Relative Strength Indicator DMA - day moving average

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  7. #16

    Default Re: Investing in Gold & Silver

    http://commoditybullmarket.blogspot....ough-your.html

    I saw this 2009 article through google and it says how, but for most investors the answer to is it a good idea is 'no'. I guess that is unless, you believe you need physical gold, and that physical gold better be outside the reach of the USG .....new laws.

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  9. #17

    Default Re: Investing in Gold & Silver

    Gold - this time it's different. It will go up and up and up. Buy, buy, buy! Just kidding folks. Gold reminds me of real estate a few years ago. When it pops, it's going to be ugly. It could keep going up though - it is hard to figure out what it is time to hit the exits. Bubbles don't always burst when we expect them to.

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  11. #18

    Join Date
    Apr 2005
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    Default Re: Investing in Gold & Silver

    When I bought my 15 one ounce gold coins in 1980 it was right at the top of around $800 - the price then bottomed around $360. I've held my coins all these years because they are simply beautiful and will someday be gifts to grandchildren. I've been coaching my daughter to wear her gold Woodstock bird but so far she doesn't realize the value and lacks courage. I think she would get positive comments.


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  13. #19

    Default Re: Investing in Gold & Silver

    Everything depends on your investing horizon. If you are concerned for the wealth of your prospective grandchildren, that's one view. If you're concerned about the costs of membership fees for boutique doctors and disallowed tests, that's another view.

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  15. #20

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    Default Re: Investing in Gold & Silver

    I remember buying three gold rope chains in the mid 1990s that were part of an estate jewelry sale - two for my wife and one for my daughter. They didn't look that good initially but once cleaned they were perfect - heavy gold chains. My wife never takes her's off unless I'm cleaning them. I have all the gold I need.

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  17. #21

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by Birchtree View Post
    When I bought my 15 one ounce gold coins in 1980 it was right at the top of around $800 - the price then bottomed around $360. I've held my coins all these years because they are simply beautiful and will someday be gifts to grandchildren. I've been coaching my daughter to wear her gold Woodstock bird but so far she doesn't realize the value and lacks courage. I think she would get positive comments.
    What percentage (if any) of the Oceanic is invested in gold or silver? With your time horizon and buy & hold approach, I could see you having a limited exposure to gold in the Oceanic.

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  19. #22

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    Apr 2005
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    Default Re: Investing in Gold & Silver

    I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.

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  21. #23

    Default Re: Investing in Gold & Silver

    Quote Originally Posted by Birchtree View Post
    I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.
    chances that will happen? i dont think so..

    if QE3 were to happen i think fed would announce it at the begining of the week so the market can rally on the news.

    whats the point of announcing the day before the weekend?

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  23. #24

    Join Date
    Apr 2005
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    Default Re: Investing in Gold & Silver

    I do own Signet Jewels (SIG) just incase diamonds begin to appreciate again. I bought a .96 carat pigeon blood ruby back in the early 1970s and my wife wears it instead of the standard diamond center. Her ruby is surrounded by two .25 carat vvs quality diamonds. I doubt that I could even come close to affording a ruby of that caliber today. When my original fiancee left me for a married doctor I demounted the stones and just waited years for the right woman to wear them again. The problem was I had three .25 carat vvs diamonds and her ring finger would only hold two. So what to do. I consulted my local jeweler to try and trade three diamonds for even higher quality - I was told I was already there. I could put one in my ear - nah, not me. So I bought a gold rose and had the diamond embeded into it and my wife wears it every day on one of her chains - simply beautiful. So I like gems.

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