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Have you ever invested in gold?

FOX Business 2010/09/29 14:28:58
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  • TPARSONS64 2010/10/01 19:25:30
    Yes
    TPARSONS64
    +1
    Gold is just approaching the very beginnings of a bubble. Gold was used as our currency, then notes or dollars backed by gold. Now our currency is backed by nothing. Buying gold has nothing to do with betting on a bad economy. It's here already. Buying gold ensures you have a currency that you can use around the entire planet. Gold is money-JP Morgan
  • redhawk1 2010/10/01 15:10:21
    No, and I don't plan to.
    redhawk1
    Betting Vs our Economy by buying Gold is akin the ones who Bet against the Real estate Fannie and Freddie created Governmant Disaster.... I rather Impeach Obama to get the Economy back on a growth Pattern....
  • LibertyorDeath 2010/09/30 21:39:33
    No, and I don't plan to.
    LibertyorDeath
    Y'know... there is one important factor that I believe was addressed somewhere in this thread. If you buy gold to hedge against currency, you're basically betting that the economy will get worse, but not be destroyed. That's a pretty narrow bet. But once the world-economy is gone nobody is going to give two s**ts about how much gold you have. If you want to hedge against world collapse might I suggest some land, seeds, and livestock?
  • jay 2010/09/30 21:16:18
    No, and I don't plan to.
    jay
    +1
    I think it's too late to invest in gold. The price of gold is now too high for me to afford.

    But had I seen the disaster that Democrats had in store for America when they took control of the Congress in 2007, I could have doubled my money buying gold instead of losing half of it in the Democrat-destroyed equity markets.
  • redhawk1 jay 2010/10/01 15:11:55
    redhawk1
    +1
    Careful... by exposing the truth about Obama and Comrads you just might be considered a Racist!
  • jay redhawk1 2010/10/01 17:41:44
    jay
    A racist? Ask me if I care.

    Those liars don't want us to notice that the Stock Market just had one of its best Septembers EVER, and it is due 100% to the many predictions of Democrat defeat at the polls on November 2.

    If the Democrat slime machine starts to be successful with its vicious personal attacks upon Republican and Tea Party candidates, watch as the markets crash to new depths.
  • AnaMancini 2010/09/30 20:35:14
    No, and I don't plan to.
    AnaMancini
    I know a few people that Have and I wonder how they will use it.. Some of them bought high one bought low and will sell high. Me, I just love to wear it.
  • sjalan 2010/09/30 16:08:23
    No, but I'm thinking about it.
    sjalan
    NO!! Anything Glenn Beck if for I am against.
  • redhawk1 sjalan 2010/10/01 15:12:42
    redhawk1
    Well there you go... another Libturd from MSNBC corrall of Bone heads!
  • sjalan redhawk1 2010/10/04 14:49:13
    sjalan
    I wondered if somone from the right would bite and predictably someone did. Glenn Beck is laughing all the way to the bank with his gold promotion. ANYONE worth their salt will know that any investments in fixed material things is going to go to hell in a handbasket shortly. The best investment a person can make right now is to pay off ever dime they own including their homes, and hunker down. There is a very bumpy ride ahead and you don't want to be caught like all the people who overextended like the current dip. Yep I said dip. The next one is going to make the 30's depression look like a joyride.
  • JT For Political Reform 2010/09/30 13:53:41
    Yes
    JT For Political Reform
    Back in the 80's when gold went way up. It went down after that and I wound up with about what I had invested in the first place. Like the ad says, it's never worth nothing, but they don't tell you when the bottom drops out, the gold value drops with it.
  • hulk1234 2010/09/30 12:10:07
    No, and I don't plan to.
    hulk1234
    If the world ends, or if we have a hurricane, what will people need? Money, food, shelter, clothes. Not gold! You can't even USE gold for anything except unneeded things lke jewelry. Listen to Dave Ramsey.
  • James 2010/09/30 04:58:06
    No, and I don't plan to.
    James
    It's already overvalued and will be crashing within the next couple years.
  • redhawk1 James 2010/10/01 15:15:12
    redhawk1
    I agree... If one were to consider metal futures, Silver, with its electronics Industry high demands might just be worth looking into.. and it is still reasonably proced... and Growing!
  • James redhawk1 2010/10/01 18:37:47
    James
    Silver is nice and it is relatively undervalued. I wonder how the futures are coming along with it.
  • PayneIsGod 2010/09/30 04:35:53
    No, and I don't plan to.
    PayneIsGod
    Who do you think I am, Ron Paul?!
    XD
  • darrie 2010/09/30 03:46:32
    No, and I don't plan to.
    darrie
    noneeeee....
  • flaca BN-0 2010/09/30 01:53:58
    No, and I don't plan to.
    flaca BN-0
    Read the book "The Road" and then ask me the same question.
  • Rebel 2010/09/30 01:12:42
    No, and I don't plan to.
    Rebel
    Gold is a horrible investment. If you are trying to hedge against the falling dollar what they don't tell you is you have to eventually convert it back into dollars or other currency to be able to cash it in so you are still at the mercy of the currencies value.
  • notPCguy ~JLA~ 2010/09/29 23:32:11
    Yes
    notPCguy ~JLA~
    bought my first oz in @370
  • Liza Jane 2010/09/29 22:54:13
    No, and I don't plan to.
    Liza Jane
    No, it's a ridiculous scare tactic for these companies to rope in dupes and make a profit.
  • Racefish 2010/09/29 21:33:59
    No, but I'm thinking about it.
    Racefish
    +1
    It's kind of a tight rope thing now. Since the Health Care fiasco was passed, the government is requiring everyone to file a 1099 for every gold sale over $600.00.

    "Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change."
    http://abcnews.go.com/Busines...


    http://blogs.marketwatch.com/...

    "Help may be on the way. If this does not get fixed, it really could be a mess, not just for coin dealers, but for any small business. ABC continues:

    …Rep. Daniel Lungren, R-Calif., has introduced legislation to repeal the section of the health care bill that would trigger the new tax reporting requirement because he says it’s a burden on small businesses.

    Even the IRS thinks this could be a mess:

    The office of the National Taxpayer Advocate, a citizen’s ombudsman within the IRS, issued a report June 30 that said the new rule “may present significant administrative challenges to taxpayers and the IRS.”

    I don't think anyone expected this. It's one more way for the government to get t...
    It's kind of a tight rope thing now. Since the Health Care fiasco was passed, the government is requiring everyone to file a 1099 for every gold sale over $600.00.

    "Starting Jan. 1, 2012, Form 1099s will become a means of reporting to the Internal Revenue Service the purchases of all goods and services by small businesses and self-employed people that exceed $600 during a calendar year. Precious metals such as coins and bullion fall into this category and coin dealers have been among those most rankled by the change."
    http://abcnews.go.com/Busines...


    http://blogs.marketwatch.com/...

    "Help may be on the way. If this does not get fixed, it really could be a mess, not just for coin dealers, but for any small business. ABC continues:

    …Rep. Daniel Lungren, R-Calif., has introduced legislation to repeal the section of the health care bill that would trigger the new tax reporting requirement because he says it’s a burden on small businesses.

    Even the IRS thinks this could be a mess:

    The office of the National Taxpayer Advocate, a citizen’s ombudsman within the IRS, issued a report June 30 that said the new rule “may present significant administrative challenges to taxpayers and the IRS.”

    I don't think anyone expected this. It's one more way for the government to get their fingers in the system that would "cool" inflationary pressure. Inflation is the only way this law and many more the Left have forced through Congress has a chance of being paid for.
    Many people have touted this as a wonderful thing since the government has mandated it. They have forgotten however this will need to be paid out of the taxpayer pockets. Democrats have had the ear of the population for a long time and have plied them with half truths. They kept beating the drum of "lower cost" which is a complete lie. Did anyone really think their insurance premiums wouldn't go up? Did anyone think their lives would be better?
    (more)
  • Jackie G - Poker Playing Pa... 2010/09/29 21:02:54
    Yes
    Jackie G - Poker Playing Patriot
    +1
    of course, every moderately intellegent investor invest some portion in gold.
  • T 2010/09/29 20:40:04
    Yes
    T
    Gold is a good investment when stocks are not doing too well; so I always have some gold investments in my portfolio.
  • Bill in Niantic 2010/09/29 20:32:00
    Yes
    Bill in Niantic
    I buy GLD & IAU ETFs. With a 10% trailing stop limit. Works well for me.
  • JCD aka "biz" 2010/09/29 20:31:09
    No, and I don't plan to.
    JCD aka "biz"
    No, especially since a number of people are getting ready to borrow gold, to sell it, and planning to buy it back when the price of gold has plummeted.
  • Craig List 2010/09/29 20:22:43
    No, and I don't plan to.
    Craig List
    Heck no, It doesn't pay dividends! If you invested $10,000 in gold in 1980 and held it for 28 years, you would have made a whopping $600. Talk about a spectacularly awful long term asset. No one makes money by INVESTING in gold. They sometimes get lucky when SPECULATING in it.
  • TejasTom 2010/09/29 20:14:11
    Yes
    TejasTom
    Not in it now, but made some good returns in 2009 before I got out.
  • 2010now 2010/09/29 15:40:43
    No, but I'm thinking about it.
    2010now
    No, but I inherited some stock in a gold mine that hasn't been operational in about 80 years. If any investors would like to make me an offer.
  • Dan D 2010/09/29 14:48:57
    Yes
    Dan D
    I put 5% in at $892.02. I wish I'd purchased more.

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