Investment tip of the year - buy gold
 

analysts say that demand will exceed supply in the next few years which will drive the price up to $800.00 or even $1000.00 an ounce

invest in certificates or whatever you can buy in your country that ptovide yeld which is pegged to the gold price, do not invest in gold mining companies since their share/stock values can be affected by other factors



p.s.

if you take my advice, and loose money in the process that's your fucking problem, don't make it mine

your friendly financial advisor:
Antonio

buy porn

Yea that stuff just keeps going up up and up some more.

egold lol

I love old euro gold coins...

:thumbsup

If you really live in south africa you should be able to find some really cheap there?

You'd better buy options or futures then.

yeah, I'm sure all I have to is to dig for 5 or so minutes and I'll find a bullion or two

Check out my website in my sig line. I have been bullish on gold for a while. I expect it to be the investment of a generation. Price should end u exceeding $2000/oz. It is still early to get in. Gold, silver and the respective stocks should have a fantastic 2006.

the better bet is to buy companies with good reserves along with smaller mining stocks that could be potential takeover targets. pick the right stocks and you'll make a lot more

i didn't sign anything - you are now liable if i loose money based on your advise which you told me to use.

isn't it already at a 20 year high?

yea i dont think i would buy gold ;)

yes it is at a 20yo but doesnt mean it wont go higher

It is already at a 20 year high, but adjusted for inflation the price is still historically low.

The price is at a 20 year high in nominal terms but no one is talking about it. Few investors own gold. Maybe 5% of investors do. When that gets up to 80% you know its time to sell. Not right now.

so? supply is so much below demand along with horrible fundamentals in the US market.

exactly, i talk to so many traders who just call anyone bullish on gold a gold bug. blowing it off saying if everyone is talking about gold then it must be overpriced.

but i bet those same traders aren't dumb enough to take even a sniff of any type of a short on gold

I'm on my 5th cup of coffee, posting under the influence doesn't count

there's a huge demand (Chinese banks, India - jewellery, USA investors and so on), also you should take into account that South African gold mining companies had reduced their production due to the stronger local currency (weaker dollar)

you don't have to take my word for it, do some Googling

Buy LOW sell HIGH

you are nuts..........

maybe you should swap out gold for US dollars. tell us how it works out lol

Ive heard the same analysis as well. Gold and Oil tend to go hand in hand historically.

I just bought GOLD
I have it at home, it's heavy as fuck.

gold goes up when the economy goes down. gold is a good hedge for everyones portfolio, but if you think the economy is going to rise, theres no point in investing in it unless you want to hedge. yes, gold will rise since most people know this and what you said is true, but will it outpace typical economic growth, not necessarily.

its a good hedge right now. its also a very easy call as a hedge given the fundamentals of the economy and gold itself. but, at what point does a hedge turn into a value investment?

The easy way to do it: buy egold.

Gold and platinum scale new heights
Gold rose to fresh 25-year highs in Europe on Monday as fund managers pushed more money into commodities and talk resurfaced of central bank buying.
http://www.dailytimes.com.pk/default...-1-2006_pg5_15

Gold still rising in reaction to Iran
...would "not be surprised if gold advanced beyond $US600 an ounce during 2006".
http://www.theadvertiser.news.com.au...55E913,00.html

Just dealing in currency can make you very rich.

I think it's actually at a 25 year high

Not true.

At least recent history shows that you are better off owning gold itself than the index of gold stocks like the XGD on the TSX. Of course there are lots of penny...stocks that are the exception but gold itself has been a better bet over the last year I believe. Many companies production is hedged at lower prices, have stupid management, have regulatory or environmental or labour...troubles.

I believe the easiest way to buy gold and not worry about the delivery issues, storage, insurance...is to buy the ETF GLD. It is a simple stock buy, is a very liquid ETF and is a great proxy on the price of gold without all the assorted hassles of owning gold.

Invest in military contractors & arms companies.

Word War 3 is soon upon us.

Thanks Iran!

There's also goldmoney.com

You will make tons of money if you are invested in the right gold/silver stocks. It's good to be invested in both the physical metal and the stocks.

The last resistance up to 750 was 520. Since we broke 520 with ease, corrected and blew past it again, we should see 700 this year for gold and at least $15 silver

But what about the demand destrustion we are seeing in India where the higher prices are lessening people's interest in buying gold or jewellery... so just like oil where as gas prices rise, people trade in SUV's, drive less, wind power projects get funded..., there may be a natural collar put on the price of gold from less demand.

You hear it often but is it really true: I don't buy into the prevailing collective wisdom that the US deficit, global terrorism worries, strong demand from China or India...is going to lead to super spikes in the price of gold. If anything, the POG may trade sideways or down for the next year while the stock market takes off and all these bangwagon jumpers miss out.

Why invest in gold. Follow my advice and you will make bank!

1. buy crack
2. sell crack
3. buy more crack to sell
4. buy jewellery, cars, guns and women
5. stay out of jail.

For the last few months, I have been dabbling a bit at day trading gold stocks and the GLD ETF... It seems really evident to me thus far that the momentum in trading pattern throughout most of the day is pretty constant, so if you see the price is up in Europe, and opens higher in North America, it will drift higher most of the time so you can make large intra day trade bets.

My tip for Canadians is to transfer $25K to E Trade Canada, as they have a 100 free trades promotion when you do this and then as long as you trade 30 times a quarter, the trades are only $9.99. Since every other brokerage in Canada charges at minimum $25 per trade, this is an unbelievable offer.

All theinvesters I have talked to say that if all the gold reserves were put onto the market it would be worth less then iron... dont know the truth behind it though.

Platnium is the new gold anyways.


That said I have a half ounce gold bar I bought a few years ago because it was neat.
And my grandfather left me 14lbs worth of gold certificates that are dated 1928. My sister got 16lbs worth:(
I almost cashed them in last year, glad i didnt now.

Indian's economy is growing at a very healthy rate ---> more disposable income ---> 'hey
gold is more expensive than last year, but since I got a hefty bonus on top of my salary, I'm gonna buy my wify some jewellery" ;)

did i say buy an index?

well, 2 years later all I want to say is:


I fucking told you so !!!!!!

http://goldmoney.com/en/charts/0usd120.png

I'll try some JP morgan to see how it performs..........buying bear stearns shares should do something interesting for their stock........ but yeah.....gold is kicking ass........

OK OK , rub it in:Oh crap

Very well bumped.

Some of the other responses in this older portion of this thread are a real LOL.

gold took a big shit yesterday

Ya and that so wiped out the over 100% gain since 06 or 50% plus per year.

indeed very nice bump

good thing i got in on it at 670