Comments on: Is Gold In A Bubble?

By: Mike Hunt

Mike Hunt — Sat, 21 Mar 2009 15:57:30 +0000

What about the massive deflation levels we have today- credit going down, stock market going down, houses going down, cars doing down, employment going down. The fact that gold hangs at record highs is already amazing. Just why is it going to double or triple from here? I think if there is a perception of confidence in the market, gold is going down, quite a bit.

When you’re unemployed and need to eat, gold isn’t going to fill your belly. Sure if the govt gives each family $1 Million then gold is the thing to own. Until all this money gets into the hands of the people gold really has limited upside.

-Mike

By: Realitybytes

Realitybytes — Mon, 16 Mar 2009 17:07:03 +0000

Just finished up some profit taking a few days before the last peak. Getting ready to get back in. Big time.

By: Realitybytes

Realitybytes — Mon, 16 Mar 2009 17:06:50 +0000

Just finished up some profit taking a few days before the last peak. Getting ready to get back in. Big time.

By: Realitybytes

Realitybytes — Mon, 16 Mar 2009 17:06:50 +0000

Just finished up some profit taking a few days before the last peak. Getting ready to get back in. Big time.

By: Kenny

Kenny — Sun, 15 Mar 2009 08:46:46 +0000

Owning Gold will be the right thing as the dollar starts the ‘devaluation’ shortly. This will THEN go into forming the bubble. Right now, it is being snatched up by smart people and smart investors.

When there are no other options left, that is when people are going to start jumping to GLD, SLV, and Gold Bullion. Already coins from the mint are not available without a long lead time delay.

Also, it does not pay any dividends, but there are ETFs that do pay some dividends holding nothing but Gold and Silver.

Either way, holding Gold is like holding money right now. Buy it, and remember your purchase price. If you can sell it at a worst case of 3% gain in a year, you will break even with CD rates.

Don’t go out and borrow money to buy Gold.

I already own some right now, and will be INCREASING my holdings by 4X more since I know that the printing of dollars and spending this massive amount of $ from borrowed money (govt) will result in our dollar depreciating, which will devalue $ and increase price of gold (net result of lower dollar).

Kenny

By: eric

eric — Sun, 15 Mar 2009 02:08:36 +0000

Gold cannot earn money. It just sits there. It actually costs money to store gold. Sure, its relative value could go up over time, but its hard to beat companies that routinely and regularly earn money on capital.

By: Mark

Mark — Sat, 14 Mar 2009 13:26:46 +0000

I own 1-ounce gold coins and can buy it easily in any amount.. I know where to get it, although it is an airplane ride away. If anyone would like to get some, feel free to get a hold of me..
By the way I totally agree – we haven’t seen the bubble. Gold’s going up, no matter what your personal opinion on the topic is.. it is going to go up, more than it already has. It’s just a matter of time.. when our paper money starts becoming worth less and less, gold will soar…