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#1 |
Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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#2 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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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.
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#3 |
AMA Supersport
Join Date: Feb 2009
Posts: 4,756
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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.
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#4 |
Keyboard Racer
Join Date: Feb 2008
Location: Mile High City
Moto: Old Superbikes
Posts: 1,016
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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. |
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#5 |
I give Squids a bad name
Join Date: Mar 2008
Location: Fly Over State
Moto: 1996 CBR600 F3 (AKA the Flying Turd)
Posts: 4,742
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I invest in bullets and flame throwers. Gold will do you no good when th zombies attack.
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#6 |
Crotch Rocket Curmudgeon
Join Date: Nov 2008
Location: Here to integrity
Moto: Li'l red baby Ninja
Posts: 7,482
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This.
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Insert free thought here. |
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#7 |
Virtual Machine
Join Date: Mar 2008
Location: PA
Moto: 2010 Ducati Hypermotard
Posts: 1,698
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Thank Glenn Beck for the amazing marketing to idiots.
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#8 |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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#9 |
I give Squids a bad name
Join Date: Mar 2008
Location: Fly Over State
Moto: 1996 CBR600 F3 (AKA the Flying Turd)
Posts: 4,742
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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.
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#10 |
Virtual Machine
Join Date: Mar 2008
Location: PA
Moto: 2010 Ducati Hypermotard
Posts: 1,698
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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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