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FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Dec 11, 2009 11:59:51 AM Ignore FaithAlone Report Abuse I'm curious as to how many people have purchased either physical gold or gold stocks. I'm asking because I suspect that despite all the talk about gold in the media, very few people are actually buying it. Please let us know if you have bought gold and, if so, whether you've bought physical gold or gold stocks (or both).

FaithAlone

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Rio Grande Valley

Posts:10,411
Points:1,922,705
Joined:Jun 2006

Message Posted: Dec 11, 2009 11:59:51 AM

Ignore FaithAlone Report Abuse

I'm curious as to how many people have purchased either physical gold or gold stocks. I'm asking because I suspect that despite all the talk about gold in the media, very few people are actually buying it. Please let us know if you have bought gold and, if so, whether you've bought physical gold or gold stocks (or both).

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OceanArcher Champion Author Mississippi Posts:5,718 Points:1,330,325 Joined:May 2004	Message Posted: May 20, 2013 7:07:14 PM Ignore OceanArcher Report Abuse Hold a small interest in gold through stocks, but that's all ...
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Mar 30, 2013 4:08:59 PM Ignore Edger Report Abuse Texas wants to take posession of its gold.
GLM4205 Champion Author Toledo Posts:4,067 Points:802,245 Joined:Dec 2010	Message Posted: Mar 30, 2013 2:17:15 PM Ignore GLM4205 Report Abuse No
PDN57 All-Star Author San Bernardino Posts:727 Points:137,795 Joined:Aug 2012	Message Posted: Feb 22, 2013 11:32:45 AM Ignore PDN57 Report Abuse Got a MF a few weeks ago and all it has done is go down
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Nov 20, 2012 11:45:01 AM Ignore Edger Report Abuse China's buying gold At a recent conference in Hong Kong, Chairman David Gornall told the association's conference, "When comparing China to the U.S., it would seem that in China, gold asset allocation can only go in one direction. The country has only 2% of its reserves in the form of gold compared with the U.S. at 75%."
hyeglenn Champion Author Fresno Posts:1,080 Points:601,630 Joined:Apr 2011	Message Posted: Nov 20, 2012 11:06:03 AM Ignore hyeglenn Report Abuse No, can't afford it.
aaamanMI Champion Author Ann Arbor Posts:2,616 Points:515,625 Joined:May 2009	Message Posted: Nov 20, 2012 7:00:56 AM Ignore aaamanMI Report Abuse no
annettemendieta Champion Author San Diego Posts:1,719 Points:316,825 Joined:Jul 2012	Message Posted: Sep 16, 2012 2:54:24 PM Ignore annettemendieta Report Abuse Yes, I got a pretty gold necklace the other day.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Aug 30, 2012 10:55:06 AM Ignore FaithAlone Report Abuse How will our deficits get back to a "normal amount"? And, what will happen to the price of gold in the meantime?
BigHorne1 Champion Author Missouri Posts:1,507 Points:298,725 Joined:Jul 2012	Message Posted: Aug 28, 2012 7:05:04 AM Ignore BigHorne1 Report Abuse No and will not. Once our deficits get back to a normal amount, gold will not be worth a fifth of what it is now. It might take awhile, but it will happen.
stonecold5005 All-Star Author Waco Posts:817 Points:20,240 Joined:Mar 2012	Message Posted: Aug 24, 2012 11:21:42 AM Ignore stonecold5005 Report Abuse no
alohamary Champion Author Massachusetts Posts:3,238 Points:417,815 Joined:Mar 2012	Message Posted: Aug 7, 2012 6:22:44 AM Ignore alohamary Report Abuse no
428cobrajet Champion Author British Columbia Posts:2,150 Points:467,405 Joined:Feb 2009	Message Posted: Jun 18, 2012 5:57:31 PM Ignore 428cobrajet Report Abuse no, I should, and America should return to the Gold Standard just like Ron Paul advocates!!!
agasmiser Champion Author Long Island Posts:12,758 Points:2,409,895 Joined:Apr 2005	Message Posted: Feb 19, 2012 10:52:07 AM Ignore agasmiser Report Abuse no
steelers6 Champion Author Indiana Posts:5,454 Points:1,137,460 Joined:Jan 2010	Message Posted: Nov 18, 2011 4:31:46 AM Ignore steelers6 Report Abuse Noever have
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Nov 17, 2011 11:43:45 AM Ignore FaithAlone Report Abuse Excellent article, Edger. Here's a key paragraph that relates to DCS's "top" comment (for those who don't want to read the whole article): "Gold would be the big beneficiary if the dollar declined, and Rickards’ top price for gold per ounce is–wait for it–$44,552! That price is the absolute highest possibility. Rickards and others predict that in the next few years, America will go back on some sort of gold standard. Meaning, the dollar will be backed by gold, but Rickards has stated on many occasions that there probably will not be a100% gold backed U.S. dollar. Instead, Rickards contends it will be more in the neighborhood of 40%. If that is the case, then gold would be $17,821 per ounce using Rickards numbers. It appears gold prices are going much higher."
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Nov 16, 2011 2:57:20 PM Ignore Edger Report Abuse This is from an article on the G20 meeting in France in November, 2011. "You see, the G20 did something accidentally that was very important, and that was confirm that gold has a place in the monetary system, especially in times of extreme turmoil." It’s All About Gold Now
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Nov 15, 2011 4:56:40 PM Ignore FaithAlone Report Abuse DCS48, are you sure this is the top? Have any of the fundamentals driving up the price of gold changed? Has the US deficit been paid up? Have the problems of dying socialist governments in Europe been fixed? Are Greece, Italy, etc. solvent now? Have governments all over the world stopped calling for an end to the dollar as the reserve currency? Roteque, that's a good idea, but don't put everything in it. Open up a second IRA as a gold IRA and put some of your contributions into it.
DCS48 Champion Author South Carolina Posts:6,324 Points:655,060 Joined:Jul 2011	Message Posted: Nov 12, 2011 6:04:42 AM Ignore DCS48 Report Abuse no - for what? never buy at the top!
Roteque Champion Author Miami Posts:639,542 Points:1,346,165 Joined:Feb 2009	Message Posted: Nov 6, 2011 3:50:36 PM Ignore Roteque Report Abuse Thinking seriously about moving my 401K to a Gold Managed Ira Acct !!!
gspecilk236 Veteran Author Harrisburg Posts:393 Points:103,935 Joined:Mar 2011	Message Posted: Nov 6, 2011 9:43:30 AM Ignore gspecilk236 Report Abuse No.
johnchase All-Star Author Miami Posts:550 Points:376,935 Joined:Jun 2011	Message Posted: Oct 31, 2011 9:14:03 PM Ignore johnchase Report Abuse No
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Oct 21, 2011 4:47:06 PM Ignore Edger Report Abuse A couple of days ago we pointed out some parts of the presently bullish chatter which used a recent Goldman opinion that gold might rise to $1,300 as the reason why gold…will rise. That is the old "because they say so" argument (never to be employed when citing bearish projections, but always reliable if you are looking at the moon as the target). Well, in the category of ‘news-that-hardly-anyone-apparently-wants-to-cover-but-still-makes-you-go- "Hmmm"…" it turns out this morning that [the same] Goldman Sachsdid indeed recently opine that we might see $1,300 gold within six months’ time. So far, so good. But: At the same time however (at least according to ZeroHedge.com and the NY Post) the same Goldman — via its GS Asset Management arm — is advising high net-worth clients to… ‘dump’ their gold holdings: “[We've] shifted our stance on gold after years of being long. We see gold as being vulnerable to central bank inactivity in the face of rising deflation risk.” The above news was from around August 19, 2010, when gold was About $1240 an ounce. Nice call, Goldman Sachs.
peapaw Champion Author Ohio Posts:4,051 Points:690,720 Joined:Jun 2011	Message Posted: Sep 3, 2011 2:09:26 PM Ignore peapaw Report Abuse No, wish I had 40+ years ago when it was $35 an ounce.
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Sep 3, 2011 12:08:42 PM Ignore Edger Report Abuse Gold in a bubble? Maybe looking for a new plateau?
peapaw Champion Author Ohio Posts:4,051 Points:690,720 Joined:Jun 2011	Message Posted: Aug 31, 2011 12:07:59 PM Ignore peapaw Report Abuse Nope, I would sat too much volatility, but recently it pales to the stock market.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Aug 21, 2011 12:40:42 PM Ignore FaithAlone Report Abuse Gold is not in a bubble. But, at some point it will collapse. However, that won't happen until the poor economic fundamentals that caused its rise are corrected. I don't see the political will necessary to do that out there anywhere. I would, however, look for a short, near-term correction soon. This latest rise is too far, too fast. Then, gold will start its steady ascent up again. [Edited by: FaithAlone at 8/21/2011 1:41:55 PM EST]
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Aug 19, 2011 4:41:47 PM Ignore Edger Report Abuse Remember now, gold's been in a bubble for the last 7 to 10 years. It may just pop during this century!
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Aug 19, 2011 9:19:16 AM Ignore FaithAlone Report Abuse On June 4, 2010, just over a year ago, Gas Too High posted this: "I admit I keep thinking about it, but the more gold goes up, the more I worry about buying at the top of the market." Yesterday, gold closed over $1800. If GTH purchased gold anyway, he/she would be up 50% today -- barely over a year later. And if you don't think it's going higher, you're wrong.
eldiablopoco All-Star Author Grand Rapids Posts:897 Points:53,860 Joined:Apr 2011	Message Posted: Aug 16, 2011 5:34:35 PM Ignore eldiablopoco Report Abuse No, I would invest in a comodity that sustains life like pork bellies.
HellkatPA Champion Author Pittsburgh Posts:4,643 Points:743,750 Joined:Feb 2011	Message Posted: Jun 18, 2011 12:14:32 AM Ignore HellkatPA Report Abuse No and wouldn't if I had the money. [Edited by: HellkatPA at 6/18/2011 1:16:06 AM EST]
JetManCT Champion Author Hartford Posts:3,630 Points:721,320 Joined:May 2011	Message Posted: Jun 17, 2011 5:34:18 AM Ignore JetManCT Report Abuse I bought some 30 years ago. :)
Sneakers55 Champion Author Houston Posts:51,344 Points:2,145,125 Joined:Nov 2005	Message Posted: May 16, 2011 10:23:35 PM Ignore Sneakers55 Report Abuse I do have BHP Billiton (the Australian version, ticker BHP) in my IRA. If it is a mineral, BHP more likely than not mines it somewhere in the world. Their list includes aluminium, energy coal, metallurgical coal, copper, manganese, iron ore, uranium, nickel, silver, titanium, oil, gas, liquefied natural gas and diamonds. Gold is not in that list, unfortunately.
68ShelbyMan Champion Author Houston Posts:3,882 Points:627,335 Joined:Nov 2008	Message Posted: May 10, 2011 8:07:47 PM Ignore 68ShelbyMan Report Abuse no. and I don't plan on it.
GLM4205 Champion Author Toledo Posts:4,067 Points:802,245 Joined:Dec 2010	Message Posted: May 7, 2011 1:47:26 PM Ignore GLM4205 Report Abuse No
TadeuszK Champion Author Manitoba Posts:4,718 Points:1,197,230 Joined:Nov 2005	Message Posted: May 1, 2011 7:26:25 PM Ignore TadeuszK Report Abuse You can buy those new issue "gold clad" coins. 14 milligrams of gold, thats about 7 cents. What do they want for those?
OilHo Champion Author Ontario Posts:10,779 Points:2,104,345 Joined:Jul 2006	Message Posted: Apr 26, 2011 11:16:16 PM Ignore OilHo Report Abuse I should have
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Apr 24, 2011 5:21:39 PM Ignore FaithAlone Report Abuse Hellkat, your question is so poorly structured that I can't make sense of it. I'm sorry if your financial condition prevents you from buying food and gas. I do see, however, that you can afford the monthly fee for internet access.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Apr 24, 2011 5:18:39 PM Ignore FaithAlone Report Abuse True, Edger. I wonder if we'll be seeing such moves in the near future.
HellkatPA Champion Author Pittsburgh Posts:4,643 Points:743,750 Joined:Feb 2011	Message Posted: Apr 24, 2011 12:31:06 PM Ignore HellkatPA Report Abuse I can't afford gas and food let alone gold. What affluent demographics do you address such a question in this miserable economy?
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Apr 23, 2011 3:44:41 PM Ignore Edger Report Abuse It would be more interesting if the gold were shipped to Texas for storage.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Apr 23, 2011 3:19:09 PM Ignore FaithAlone Report Abuse It was the University of Texas. Interesting, isn't it?
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Apr 21, 2011 2:56:56 PM Ignore Edger Report Abuse Hey FaithAlone! What/which Texas college(s) bought $1 billion of gold and is/are taking delivery of it?
Manny70 Rookie Author California Posts:70 Points:46,520 Joined:Mar 2011	Message Posted: Apr 4, 2011 3:37:12 PM Ignore Manny70 Report Abuse maybe once or twice
Edger Champion Author Pittsburgh Posts:40,230 Points:2,474,035 Joined:Apr 2005	Message Posted: Mar 30, 2011 6:25:34 PM Ignore Edger Report Abuse "A long time ago, I learned... Find out which way the masses are going and go in the opposite direction, your chances are MUCH better." The masses are not buying precious metals. Does that mean that precious metals are a good buy?
majormarket All-Star Author Houston Posts:829 Points:791,985 Joined:May 2008	Message Posted: Feb 28, 2011 2:43:58 PM Ignore majormarket Report Abuse Let me add my voice that I haven't bought either physical gold or gold stocks. I have considered buying physical silver, though. But, the mood is tempered by the fact that I'd have to buy a lot to make a difference in my life if a complete collapse was coming. Rather than put all of my money by betting on this one thing, the odds are much greater that we'll all muddle through whatever troubles we're in now.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Feb 28, 2011 10:27:49 AM Ignore FaithAlone Report Abuse Anyone going back over previous posts in this thread will see that most people are not buying gold. The vast majority of those posting have not bought gold, and a couple are adamant about not wanting to buy gold. And, this is from people who are interested enough in the topic of "business news" to come into such a category and then post to this thread. The masses don't buy gold and don't have the money to buy it. Of course, that presents some interesting upside potential to silver, commonly called "the poor man's gold."
MahopacJack Champion Author New York Posts:8,020 Points:1,585,650 Joined:Feb 2008	Message Posted: Feb 25, 2011 6:06:19 PM Ignore MahopacJack Report Abuse >>I know several friends who have purchased large amounts of physical gold... I think its madness... Whats even more insane is a piece of paper that entitles you to gold!<< --- Differences of opinion are one of the wondrous things about life. Paper securities such as (GLD, SLV) entitle the owner to match closely the prices in their underlying commodity WITHOUT taking physical possession of a commodity which may be stolen or difficult to store. A word to the unwary, the certificates do match exactly because carrying costs are subtracted from the security on an ongoing basis.
FaithAlone Champion Author Rio Grande Valley Posts:10,411 Points:1,922,705 Joined:Jun 2006	Message Posted: Feb 24, 2011 9:21:42 AM Ignore FaithAlone Report Abuse Then you travel in some interesting circles travler9. The masses are not buying gold.
travler9 Rookie Author Miami Posts:21 Points:45,725 Joined:Jan 2011	Message Posted: Feb 23, 2011 3:55:46 PM Ignore travler9 Report Abuse I know several friends who have purchased large amounts of physical gold... I think its madness... Whats even more insane is a piece of paper that entitles you to gold!