GOLD is the new bubble! BEWARE
I am not an economist nor a stock broker. But, just using my common sense, i belive Gold is whats gonna be our next bubble. The rate its rising everday is sure making its decline inevitable.
Now more people are buying GOLD ( thanks to NAS) but i can clearly see its fall once everyone starts doing so. Tulip was more expensive than GOLD back a century ago and the day it started falling, millions lost their hard earned savings, so beware! Dont fall for gold.
to buy gold in order to make profit in short term? ha ha ha...they are fool
to buy gold as in investment?? that's the thing to do now.
They are fools who are waiting to see gold price go down and planning to buy. It's not gonna go down. Just little bit up and down, nothing much. And, the whole idea about Gold being a bubble is a HUGE JOKE..hahahah
Per ounce started half century ago somewhere around $30-$40 , just in 2000, it's around $300-$400 and in 2011 it's around $1600 - $1900.
So folks, no matter how much copy-paste you do from here and there, and make it sound like we know all the shit, the real thing in layman's term , 'the gold is going up and buy it now for the sake of investment purpose".
Gold price is not gonna crash down at all, eventually, it'll keep continue going up and up... hahaha.. that's the truth.
man it just keeps falling and falling and falling. kinda worries me. i hope the converse of 'what goes up must come down' is true :(..
In Layman's term if $1=NRs76.. , then a dollar is 76th times more powerful than our Nepalese economy.
In the context, when the value of dollar is already weakening, also means our currency despite the rise per dollar value will hold no purchasing power.
Those are the fools who will be happy to see the rise of NRs per dollar and I pity on them.
The day when $1= NRs 20 occurs, consider yourself lucky to see prosperity all around in Nepal but the thing is will there be dollars by then, anyway? WIll there be any new form of currency by then? It's just the question that can only be answered in the future.
Here is a shocker : Today Gold is in $1600 margin :D
oh yeah, and this most dreaded precious metal GOLD will jump for sure.
If you buy, don't expect immediate return, but for sole investment purpose in long run.
bhikari, I wouldn't worry at all. It's worthless to worry after all it's GOLD :D
I was expecting Gold to rally after Bernanki's third stimulus of 400 bil...but Gold is turning down since then. I think gold is pretty much fked for a short term. I am thinking that it will hit 1300 soon.
aww man, everytime i hit a refresh button that darn number seems to go down and down. I understand this is just a temporary correction but where do i draw the line. cross my fingers
nai dai ko jai hos. btw nas i thought you were temporarily dissapearing haina? haha.
I thought I was going to see and post in this thread only when gold hit $2,000/ ounce. In any case, here we are again... For me though, anyone who holds 80% of their investment in one asset class is an utter fool, win or lose!
thats what i thought even 5 years back when the economy was fine and dandy. had i invested my dollers back then, i would have made 2x profit by now. Back then a gallon of milk cost $2, now it is $4. It is still the same milk but the price is double!!!! wtf.
Bhikari,
What part of the world do yo u live in to pay $4.00 for a gallon of milk? Do you buy your milk from 711??? Walmart sells milk below 2 bucks a gallon and other chains like Krogers sell it between 2 - 3 bucks. Walmart was selling milk for $0.99 last spring for the whole spring and summer.
oo nas bro..maile tapailai utter fool bhaneko kaa chhu ra.. mero dussahaas chaina. tyo bhanne manche III_III ho..
what would you buy or suggest,
maple, eagle or krugerrand ???
oh, I didn't know you could buy grains like that. and, I've been buying in coins paying $50-70 premium each time. I've box full of silver coins too. But biscuits look cool though.
Today was record low in months like almost 1586 per ounce gold and the shop where I usually buy gold, the guy was pretty hesitant and after talking about 5-10 minutes, he sold me 4 eagle coins. first he said he don't have any maple coins when I asked for it, then he wanted me to sell krugerrand , it's only after I inquired about eagle, that he stretched his forhead skin and unwillingly sold 'em to mey. I could understand that he wanted to make some money off those coins but due to this volatile situation he was asking me if I could come next week. And, I wasn't ready to leave because I knew the iron was hot and that was the right time to hammer it.
So, basically, they say maple is pure 999.99 but they've alloyed eagle coins. I just wanted to know how others feel about it .
But anyway, thanks for showing me how you buy gold.
And thanks for all those gold knowledge you've been bestowing upon everyone here.
Last edited: 29-Sep-11 12:40 AM
Holy C***, even if I were investing in gold, coins would be the lowest on my list. You people need to do some serious research instead of blindly wasting your money!
I have not posted in sajha in a while, but I visit every once in a while to see what the current hot topics amongst my brethren are. I felt compelled to write something on this, as it is something I am also familiar with professionally.
While I agree to the long term growth prospects of precious metals specifically (and commodities in general), I dont think it is wise to overweight portfolios in such a volatile segment despite the potential growth. It definitely creates that additional 'lustre" (no pun intended) to an investor's portfolio, and NAS has provided a very good illustration as to why, but abandoning a classic asset allocation strategy to create a largely one dimensional model is definitely not something I see as a better fit.
Maybe changing the classic asset allocation model to incorporate some of these 'hedges' to currency (the Paulson strategy of denominating all investments in gold, or adding more foreign currency exposure, for example) will serve to the benefit of the investor in this new global environment of low rates, low growth (some driven by austerity, some just unwilling to grow) and possibly high inflation (hyper Stagflation?). BUT overweighting a sector that was dormant, even negative for almost 30 years before making a phenomenal appreciation in value over the past 3 years, in my humble opinion carries more risk than reward.
These are just my thoughts though.
NAS bro, Ron Paul unlike other republicans seems honest with his words, lets see what happens. I don't agree with all what he says but I have been lately contemplating his thoughts and it's good .. to be honest. more exposure he gets, more we gotta listen to him and it feels good. I hope it's not just talk .
I'm going to be neutral in this present context :|
Eagle is more cashable in US market. But I'd prefer maple due to it's purity. So, what do you mean certified gold? I test it many places to make sure it's purity. And, I'm confident about it. Do gold seller give you certificate as if showing the owner of that PM??
Thanks
oh..
coins come like this :D no certificate but various dealers verified it as pure :D so, I'm glad.
It's been a year bro, not like you who must have now sack full of gold and silver:D
But, yeah, I'm trying to get hold of these metals.
But thanks you liked the video.
If you guys can afford it, go for credit suisse, the premium might be a little higher but it is worth it cause it is the easiest to sell. The only problem is that a lot of stores don't carry it, you might have to buy it online.
Please log in to reply to this post
You can also log in using your Facebook
