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Gold...bling bling.

 
Old 11-08-2013, 10:16 AM
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Originally Posted by NFRs2000NYC View Post
The fact of the matter is this. Gold/silver will AT LEAST triple or even quadruple in the next 3-5 years. There are no investments that will do this.
Originally Posted by NFRs2000NYC View Post
Originally Posted by magician,Nov 8 2010, 10:22 PM
I set a reminder on my calendar to check in three years. It'll be interesting.
Sounds like a plan. I honestly don't know how long I will hold mine for, but probably at least until it doubles. Then, I will re-evaluate the situation and go from there.

I am actually more "excited" about silver rather than gold. While gold is at an all-time high AND will continue to climb for the time being, the relationship between gold and silver is way off ratio. Silver has the potential of becoming a real winner for those invested in it...like you said, time will tell.

Hell, pick up a 10oz plate for $290 (today's value) and see where it takes you. Makes the game more fun.
Well, here it is, three years later. (Technically, three years from the original post was yesterday, but I was so busy that I didn't have time to post.)

So . . . let's see if gold or silver have AT LEAST tripled or even quadrupled since last we saw them.

On 11/7/10 gold was at $1,400/oz and silver at $26.86/oz. Today, gold and silver are trading at . . . drum roll! . . . $1,285 and $21.32, respectively.

So, gold's price has increased by -8.21% and silver's price has increased by -20.63%.

It appears that neither has tripled or quadrupled in three years. Or even come close. Or even appreciated (and held on). Or even even held steady.

But wait! NFRs2000NYC wrote "3-5 years". So we still have two more years to go to see if the prognostication holds true.

Watch this space next year, and the year after. There's still hope.
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Old 11-28-2013, 02:39 PM
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i think the gold/silver market will grind its way back. i think the market is buying the taper talk and thats why we had a big sell off. everyone knows they cant ease off the tapering. i am very sure the fed will increase stimulus by spring time. this is a good buying opportunity and im gonna buy some silver stocks. i will buy more physical sometime next year.
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Old 01-01-2014, 07:59 AM
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Gold is a hedge against inflation, not an investment. It's a non productive asset. I would rather invest in a farm or a blue-chip stock that will produce goods/services for the next 100 years. Gold will just sit there and look pretty. Let the data show that overall equities will outperform precious metals.

Furthermore if you are investing gold/silver as a "doomsday" scenario, It will be worthless, instead ammo/food/water will be in demand, not shiny metals.
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Old 06-01-2014, 09:35 PM
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To people buying gold,

Gold prices are quite volatile. Do your research and know what you are getting into. I would rather buy real estate or consumer durable stocks if I wanted an investment.

To the OP, I hope you made a profit during the recent turn of events in gold prices....it was blood shed
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Old 01-12-2015, 04:03 PM
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Current price:

Gold: $1233.02 Silver: $16.59


This is ridiculously low for Silver, especially!
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Old 01-16-2015, 09:21 AM
  #136  
 
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Yes, I hope it stays low so I can keep buying it!! The thing is that investing in silver or gold is unlikely to make you rich and sacrificing more traditional forms of investing to stock pile either is a bad idea. That said, there is nothing wrong with diversifying a bit for WHEN 2008 strikes again, because it will. At least then you will have something to be happy about as your 401k is tanking! Sell off your silver for $50 an ounce and buy those cheap stocks that everyone is unloading!

Silver prices will go up and you just have to be willing to hang onto it until it does, no matter how many years. The real crazy thing is that $17 an ounce is nearly what it costs to produce with today's technology. The demand at $17 an ounce is high, just watch it sell on eBay for $20+. And the amount of physical silver is a fraction of the paper silver in the market. Something will eventually happen!
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Old 02-03-2015, 11:55 PM
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^Your right! On Ebay, I've been waiting for silver eagles to fall below $20 a pop! They still are going for ~$205-210 for a 10oz lot!
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Old 02-05-2015, 05:15 PM
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Originally Posted by MrKlean187 View Post
^Your right! On Ebay, I've been waiting for silver eagles to fall below $20 a pop! They still are going for ~$205-210 for a 10oz lot!
Eagles always demand a premium due to the collector value, difficulty to fake, the fact they are real currency, and some sort of tax advantage if you sell a bunch. Sometimes places pay $2 over spot for them. That said I try to get as much silver as possible for as little $ as possible, so I rarely buy them

Ebay is a horrible place to buy, JM Bullion is my favorite, free shipping and they run a sale at the start of each week at usually very little over spot and it stays the same amount over all week. Right now the 1oz rounds @ $.79 over are a good deal, I am just waiting to see if the spot will fall under $17oz this week.
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