Comments on: the gold rush of 2008 http://www.bripblap.com/2008/the-gold-rush-of-2008/ wealth, work and life success Thu, 18 Mar 2010 20:15:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: buyraregoldcoins http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-29704 buyraregoldcoins Mon, 23 Feb 2009 01:21:59 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-29704 Ya, but adjust for inflation, gold is relatively low in price Ya, but adjust for inflation, gold is relatively low in price

]]> By: buyraregoldcoins http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-27284 buyraregoldcoins Sun, 22 Feb 2009 18:21:59 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-27284 Ya, but adjust for inflation, gold is relatively low in price Ya, but adjust for inflation, gold is relatively low in price

]]> By: Early Retirement Extreme http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13379 Early Retirement Extreme Mon, 14 Apr 2008 17:07:00 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13379 I think gold could be considered a short on the morality/integrity of fiscal and monetary policy of the world's governments. As such it definitely has value ;) I think gold could be considered a short on the morality/integrity of fiscal and monetary policy of the world’s governments. As such it definitely has value ;)

]]> By: Steve (Brip Blap) http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13239 Steve (Brip Blap) Sun, 13 Apr 2008 03:42:43 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13239 I think Hunter and Danny are both making similar points and I agree completely - unless you really knew when to get in and out of gold (i.e. actively traded) there is just NO money to be made. It's at a 20 year high now, great, but the chances it will grow at 8% per year like (theoretically) the stock market does are pretty slim over the long run, based on its history. Better to invest in a gold mining company than in gold itself (if you don't mind ethical questions about how they mine gold). I think Hunter and Danny are both making similar points and I agree completely – unless you really knew when to get in and out of gold (i.e. actively traded) there is just NO money to be made. It’s at a 20 year high now, great, but the chances it will grow at 8% per year like (theoretically) the stock market does are pretty slim over the long run, based on its history.

Better to invest in a gold mining company than in gold itself (if you don’t mind ethical questions about how they mine gold).

]]> By: Danny Tsang http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13209 Danny Tsang Sat, 12 Apr 2008 18:16:17 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13209 Gold can't be rented out for a monthly income, gold can't power our cars or the energy we need to sustain our economy, gold can't be eaten. I don't know what gold is good for besides looking pretty on a Rolex or a ring. Therefore I never understood how gold can be treated as an investment. The only way its a wealth preserver is if you believe that the US dollar and perhaps worldwide currencies and economies will continue to deteriorate. "gold is at a 20 year high" doesn't say much because 20 years is a very long time. Gold can’t be rented out for a monthly income, gold can’t power our cars or the energy we need to sustain our economy, gold can’t be eaten. I don’t know what gold is good for besides looking pretty on a Rolex or a ring. Therefore I never understood how gold can be treated as an investment. The only way its a wealth preserver is if you believe that the US dollar and perhaps worldwide currencies and economies will continue to deteriorate. “gold is at a 20 year high” doesn’t say much because 20 years is a very long time.

]]> By: Solar Yard Lights http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13168 Solar Yard Lights Sat, 12 Apr 2008 02:58:59 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13168 Same here haha. Same here haha.

]]> By: Hunter Nuttall http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13141 Hunter Nuttall Fri, 11 Apr 2008 19:01:49 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13141 You're right SYL, you can make good money in gold, if you know when to jump in and out. Personally, I have no idea how to time the gold market. You’re right SYL, you can make good money in gold, if you know when to jump in and out. Personally, I have no idea how to time the gold market.

]]> By: Solar Yard Lights http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13073 Solar Yard Lights Fri, 11 Apr 2008 03:32:31 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13073 Well it depends on where you label your start and end lines. When you jump in and jump out. Well it depends on where you label your start and end lines. When you jump in and jump out.

]]> By: Hunter Nuttall http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-13015 Hunter Nuttall Thu, 10 Apr 2008 15:10:39 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-13015 SYL, what I'm saying is that if gold was at 400 in 2000, 500 in 2001, and 600 in 2002, it looks like it's doing well. But if it was at 600 in 1982 when you bought it, you've only broken even as of 2002. The phrase "gold is at a 20-year high" sounds impressive, but all it means is that it hasn't appreciated over the last 20 years (start to finish), which doesn't make it look like a good investment. A hypothetical investment that always goes up will always be at an all-time high, never a 20-year high. SYL, what I’m saying is that if gold was at 400 in 2000, 500 in 2001, and 600 in 2002, it looks like it’s doing well. But if it was at 600 in 1982 when you bought it, you’ve only broken even as of 2002.

The phrase “gold is at a 20-year high” sounds impressive, but all it means is that it hasn’t appreciated over the last 20 years (start to finish), which doesn’t make it look like a good investment. A hypothetical investment that always goes up will always be at an all-time high, never a 20-year high.

]]> By: Solar Yard Lights http://www.bripblap.com/2008/the-gold-rush-of-2008/comment-page-1/#comment-12972 Solar Yard Lights Thu, 10 Apr 2008 05:04:58 +0000 http://www.bripblap.com/2008/the-gold-rush-of-2008/#comment-12972 Hunter Nuttall, say if in 2000 gold was at 400, then in 2001 it was 500$ then in 2002 at 600. Well in 2002 it was at it's highest point but each year the cost of it increased, bringing increasing returns each year. Hunter Nuttall, say if in 2000 gold was at 400, then in 2001 it was 500$ then in 2002 at 600. Well in 2002 it was at it’s highest point but each year the cost of it increased, bringing increasing returns each year.

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