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How is that gold investment working out for you?

Climber

Climber

Well-known member
Joined
Jul 13, 2004
Location
Clovis/Fresno
Moto(s)
01 Goldwing GL1800
Name
Brett
I couldn't find the thread where somebody was asking about investing in gold.

At the time, it was at 1440.

It went up, but now it's down to 1385.

I pointed out that gold is going to go down because people would pull their money out of gold when property values started going up again.
 
I'm just going to wait until it hits the bottom, then buy some and sell it for more later
 
Tharkûn said:
I'm just going to wait until it hits the bottom, then buy some and sell it for more later
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You're going to be waiting for awhile. If the housing market continues to rise, gold can drop a long ways.

Anybody thinking to invest in gold at this point is just contributing to the Goldman Suks tithe.
 
Climber said:
I pointed out that gold is going to go down because people would pull their money out of gold when property values started going up again.
Click to expand...

My neighbor put his house on the market at half a mil yesterday just to see if anyone is foolish enough to pay that much. :laughing
 
wazzuFreddo said:
My neighbor put his house on the market at half a mil yesterday just to see if anyone is foolish enough to pay that much. :laughing
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Houses in my hood are going for 1 mil old and beat to hell. Then someone buys it cash, levels the thing to the ground and rebuilds in a month or two. Turns around and sells it for 2+ mil, the houses around here last maybe two weeks on the market and someone comes along and pays cash for it moves in within 2 weeks. Crazy the amount of money these people have.
 
sidewazzz said:
Houses in my hood are going for 1 mil old and beat to hell. Then someone buys it cash, levels the thing to the ground and rebuilds in a month or two. Turns around and sells it for 2+ mil, the houses around here last maybe two weeks on the market and someone comes along and pays cash for it moves in within 2 weeks. Crazy the amount of money these people have.
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They are all of the smart people who sold their houses and converted the money to gold when the financial crisis hit. Now they've divested their gold investment and are moving it back into the housing market.

It's not rocket science once you've seen the pattern once.
 
At least it's not San Leandro
 
Gold going down means gas prices are about to go up. It's all a conspiracy by big oil
 
louemc said:
I was playing on the Magnets How do they work anyway?

But...How low is low going to go...And How high is high?

And what is Money worth? What it was worth, or will be worth?
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It's much simpler than that.

Housing values going up? Gold Down, Houses up.
Housing values going down? Gold Up, Houses down.

Why? Those are the two places to put your money. The stock market is only a safe place if you're an insider because stocks don't move according to what they used to, like what is the prospect for this company to grow and have more profit. Now it's about who farted and when in the feds office, or other related events.
 
Climber said:
It's much simpler than that.

Housing values going up? Gold Down, Houses up.
Housing values going down? Gold Up, Houses down.

Why? Those are the two places to put your money. The stock market is only a safe place if you're an insider because stocks don't move according to what they used to, like what is the prospect for this company to grow and have more profit. Now it's about who farted and when in the feds office, or other related events.
Click to expand...

Your oversimplifications are always good for a laugh. :thumbup
 
Climber said:
I couldn't find the thread where somebody was asking about investing in gold.

At the time, it was at 1440.

It went up, but now it's down to 1385.

I pointed out that gold is going to go down because people would pull their money out of gold when property values started going up again.
Click to expand...

That thread was from like 3 weeks ago. Anyone who bought gold then, with the intent on selling it a month later, shouldn't have bought gold in the first place.

Any money that "people are pulling out of gold" - to put into RE or otherwise - is largely if not entirely related to paper gold instruments.

Bottom line? You don't know what you're talking about.
 
redruM said:
That thread was from like 3 weeks ago. Anyone who bought gold then, with the intent on selling it a month later, shouldn't have bought gold in the first place.

Any money that "people are pulling out of gold" - to put into RE or otherwise - is largely if not entirely related to paper gold instruments.

Bottom line? You don't know what you're talking about.
Click to expand...

You just figured that out? :)
 
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