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  1. #1
    Join Date
    Apr 2009
    Posts
    2,297

    Gold to Soar in price?

    Watch this 7 minute video by two investment specialists. Quite interesting!!

    http://www.youtube.com/watch?v=ckFfz...eature=related
    "No matter how thirsty your imagination, mirages contain no water"

  2. #2
    Join Date
    Nov 2004
    Location
    White Lake, MI
    Posts
    973
    Always seems to me there's a lot more people anxious to sell me gold then there are to buy it from me.

    Thats just me though.

  3. #3
    Join Date
    Aug 2001
    Location
    forney texas
    Posts
    17,890
    Consider that most of the gold people are trying to sell cost about 300 an ounce . only fools would buy gold today

  4. #4
    Join Date
    Feb 2004
    Location
    Woburn, MA
    Posts
    6,656
    http://money.cnn.com/2009/10/06/pf/g...ion=2009100704

    There are far better hedges against inflation than gold.

    Sell now while it's high.
    "Social networking" is an oxymoron.

  5. #5
    Join Date
    Aug 2001
    Location
    forney texas
    Posts
    17,890
    let me deduce for you.

    sell Gold for cash or buy Gold for cash= cash is more important

  6. #6
    Join Date
    Jun 2001
    Posts
    3,910
    Price is getting up there. May not be a good time to buy. But what do I know.

    http://www.wolframalpha.com/input/?i=price+of+gold

    http://online.wsj.com/article/SB1254...ctions_markets
    Governments don't tax to get the money they need, governments will always find a need for the money they get. Ronald Wilson Reagon

    Born Again KA

  7. #7
    Join Date
    Apr 2009
    Posts
    2,297
    Just keep watching gold and silver. They are both on their way up. Mark my prediction on your calendars!
    "No matter how thirsty your imagination, mirages contain no water"

  8. #8
    Join Date
    Aug 2001
    Location
    forney texas
    Posts
    17,890
    Tell us Hugh, are you buying or selling?

  9. #9
    Join Date
    Aug 2001
    Location
    forney texas
    Posts
    17,890
    when adjusted for inflation, gold has barely returned 1/2 of its all time high

  10. #10
    Join Date
    Jul 2008
    Location
    Washington, DC
    Posts
    1,582
    Gold returns are taxed at a very high rate, this takes away from the investment value. If you can buy and sell coins under the radar that's a better bet.

  11. #11
    Join Date
    Apr 2009
    Posts
    2,297
    Quote Originally Posted by acmanko View Post
    Tell us Hugh, are you buying or selling?

    Of course, I am buying. This is the time to buy not sell.

    Over the last two years I have been learning about the precious metals markets as well as the state of the economy, our national debt and the amount of M3 (currency) the fed has been printing. Have also been learning how the Obama and democrat spending enters the equation.

    Since I am not an expert I have been consulting several investment specialists from the other side of the market. That is, those who had nothing to do with the banking mistakes or the stock market mess.

    Between what I have learned and listening to the views of those "experts" that make since to me I have been moving money out of the stock market, mutual funds and other paper investments and into gold and silver.

    I am convinced that we are headed for another stock market crash, a period of hyperinflation of the dollar and history is about to repeat itself. Gold and silver will in my opinion be taking off for new highs and the dollar will be dropping drastically.

    You heard it here!!! When it happens you can remember this post. Now if I just happen to be wrong and it does not happen I will still have the precious metals which will still be worth more than paper dollars. History is about to be made folks.
    "No matter how thirsty your imagination, mirages contain no water"

  12. #12
    Join Date
    Apr 2009
    Posts
    2,297
    Quote Originally Posted by Pneuma View Post
    Gold returns are taxed at a very high rate, this takes away from the investment value. If you can buy and sell coins under the radar that's a better bet.
    Gains made from precious metals investments are not taxed any differently than any other profits such as may be made from stocks for example. Profits are taxed the same way for both.
    "No matter how thirsty your imagination, mirages contain no water"

  13. #13
    Join Date
    Feb 2004
    Location
    SC
    Posts
    20,677
    Quote Originally Posted by Pneuma View Post
    Gold returns are taxed at a very high rate, this takes away from the investment value. If you can buy and sell coins under the radar that's a better bet.
    It's my understanding that coins minted pre 1933 can be bought and sold as a private transaction and not reportable to anyone.
    No reserve. No retreat. No regrets.

    For those who have fought for it, freedom has a sweetness the protected will never know.

    http://www.airwarvietnam.com/16thSOSGunners2.jpg

    Proud member of KA Club

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