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-   -   Gold rush people (http://www.twowheelfix.com/showthread.php?t=17192)

pauldun170 11-18-2010 01:10 PM

Gold rush people
 
http://www.marketwatch.com/story/why...ent-2010-11-12

Homeslice 11-18-2010 04:36 PM

I don't know who would be dumb enough to consider it a full replacement for stocks.......But there's nothing wrong with giving it say 5% of your portfolio. And as for "offers no income, no dividend, no earnings", you could always invest in mining stocks instead of the actual metal.

goof2 11-18-2010 10:57 PM

Gold will continue to be a good investment right up until it isn't. That is no different than tech stocks, oil, real estate, or any number of other investments.

No Worries 11-19-2010 12:44 AM

Why buy gold or gold stocks when you can pan the stuff right out of the stream? Up in Blackhawk, they built a ton of Casinos right next to Clear Creek, a great place for panning gold. So you can gamble either way.

I know of several sand and gravel quarries that made more money from the gold they washed out from the sand than they did from selling the sand and gravel.

Smittie61984 11-19-2010 05:52 PM

I invest in bullets and flame throwers. Gold will do you no good when th zombies attack.

tallywacker 11-19-2010 06:18 PM

Thank Glenn Beck for the amazing marketing to idiots.

Homeslice 11-19-2010 07:45 PM

Quote:

Originally Posted by tallywacker (Post 426644)
Thank Glenn Beck for the amazing marketing to idiots.

That's a big part of it.

As well as the "canned food & ammo" crowd

Smittie61984 11-19-2010 10:22 PM

Quote:

Originally Posted by Homeslice (Post 426657)
That's a big part of it.

I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

Particle Man 11-20-2010 09:34 AM

I'll invest in beer. :)

tallywacker 11-20-2010 10:15 AM

Quote:

Originally Posted by Smittie61984 (Post 426706)
I doubt it's all Glenn Beck's fault. He has what, 5million listeners maybe? I see more "buy gold" on daytime programing with Muarry and Judge Judy.

Have you ever heard a Glenn Beck gold ad? He makes the listener feel his is going to fail his family if he doesn't invest in gold.


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