Is gold a sound investment?

**muldoon** · 03-15-11, 11:07 PM

If you have a time machine and can go back to 2002 and buy it.

If you're worried about the world going to hell, buy bullets and gasoline.

**clip1** · 03-15-11, 11:18 PM

no not worried about world going to hell, if I could go back to buy it around 250's somewhere, i wish i had a time machine

**Strange Design** · 03-15-11, 11:21 PM

Gold prices are on a little bit of a dip right now. Watch it for the next couple weeks as the Japan and Libya situations play out and there might be a good buying opportunity.

**flyingillini** · 03-15-11, 11:22 PM

I am investing a ton of money in a company that is about to go Public....

**clip1** · 03-15-11, 11:35 PM

IPOs some times are dangerous, no? which ones hot right now? again, back 10-11 years ago they where the thing to invest into not anymore i hear

**dtp** · 03-15-11, 11:40 PM

Gold is very solid. You can't go wrong there.

**flyingillini** · 03-15-11, 11:41 PM

Originally posted by clip1

IPOs some times are dangerous, no? which ones hot right now? again, back 10-11 years ago they where the thing to invest into not anymore i hear

It all depends.. I have made a ton of money this way and I have also lost a ton... Hit and miss you just never know...This one is a good one though..

**Waterstpub87** · 03-15-11, 11:42 PM

Originally posted by clip1

IPOs some times are dangerous, no? which ones hot right now? again, back 10-11 years ago they where the thing to invest into not anymore i hear

Depends. Dangerous as risky, then yes. But thats what makes them profitable. IPOs have a tendency to dips the first few days after offering but then the market will better determine a price. Think of it as betting an opener. It could move against you or with you. If it moves with you its a great bet.

**DiggityDaggityDo** · 03-15-11, 11:42 PM

Originally posted by flyingillini

I am investing a ton of money in a company that is about to go Public....

Gee, thanks for the heads up.

**Dutch** · 03-15-11, 11:49 PM

If you get in, get in for the short haul. Gold is in the middle of a bubble. Just like real estate last decade, just like tech stocks in the 90's....It might burst next year, it might not burst for 5 yrs, it might not burst at all but reach a ceiling and when that happens you might as well put your money in boring as bonds.

Find a stock, I use WHR, I buy it mid $70's, sell it mid $80's. It fluctuates constantly like all stocks do. Find a stock, learn it's movement...A man can make a living buying and selling the same stock over and over. I don't know why more people aren't doing it.

**clip1** · 03-15-11, 11:59 PM

Dutch i'm thinking you probably make 10000-20000 on the sale of that stock yearly, doesn't IRS kills you on that sale?

**Dutch** · 03-16-11, 01:39 PM

Originally posted by clip1

Dutch i'm thinking you probably make 10000-20000 on the sale of that stock yearly, doesn't IRS kills you on that sale?

Yeah, they get me. I have a mad scientist that does my taxes. I'll probably end up doing time for some of the shit he puts down for write offs.