To Buy or not to buy? That is the gol...

To Buy or not to buy? That is the gold question.

Posted in the Investing Forum

Since: Apr 11

Saint-saviol, France

#1 Apr 26, 2011
I see the mainstream media have taken a superficial look at the gold market and consulted their typically wrong "expert" - apparently they think that's it for the gold price and it's too late to buy. Oh really. They said that last year and I bought in anyway because I listen to real experts who explain the role of gold during crisis and as the ultimate money. Let's face it if you had a handful of dollars or Euros or the equivalent weight in gold which is worth more now? I bought gold at $1320 an ounce last year and it's now $1500. If I'd have kept this as dollars I'd lost nearly 6% of the value and with inflation rising be able to buy less now than last year cause evrything costs so much more. As it is I've made a significant profit which can still rise and this would buy me exactly the same goods as last year plus some extra goodies, thus beating the effects of inflation and then some.
So who do I believe - a no brainer really. I keep away from the traditional & incestuous corporate rhetoric and predictions as they're usually trying to make all the bucks for themselves. Dig deeper and it's amazing what you can find. I'm sticking with buying gold because it works, it's not a paper promise, you can't print more of it when you feel like and whatever the price people will always want to buy it.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Investing Discussions

Title Updated Last By Comments
Stock Market Tip of the Day: thirty cents to th... (Sep '15) Sep '15 wendyleigh 1
Need investor or lender for industrial project ... (Aug '15) Aug '15 SiO2 1
A Golden Opportunity In Silver? (Jun '14) Jun '15 SuriJohn 4
Gold Dust Buyers FOB Mali needed (Feb '12) Mar '15 john 9
Swiss Banking ForEx Trade Program Minimum $50K (Jan '13) May '14 Forex trading 2
How will I know this is not a scam? (Apr '12) May '14 coralyn7 2
No Credit Card? An advantage or disadvantage? (May '14) May '14 coralyn7 1
More from around the web