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Author Topic: Have you bought gold? Back to Topics
FaithAlone
Champion Author
Rio Grande Valley

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

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).
REPLIES (newest first) Post a Reply
RobertaByrne
Veteran Author New Hampshire

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Message Posted: Aug 24, 2014 6:33:20 PM

No, I sold all my gold when it was at 19. Now I dont buy it unless I'm in a pawn shop
Sjcrhsam
Champion Author Memphis

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Message Posted: Apr 3, 2014 11:40:05 AM

Nope
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Feb 15, 2014 3:35:47 PM

The bottom appears to have come and gone.
lyanMI
Champion Author Detroit

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Message Posted: Feb 13, 2014 12:51:16 PM

No
aalix
Champion Author Orange County

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Message Posted: Jan 14, 2014 1:30:17 PM

Not buying any.
OilHo
Champion Author Ontario

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Message Posted: Jan 2, 2014 11:51:00 PM

Goldman S says gold is going down to 1000. But it seems to be putting in a bottom around 1200.
karl13
Champion Author Miami

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Message Posted: Dec 27, 2013 5:16:41 PM

no
dete49
Veteran Author Columbus

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Message Posted: Nov 16, 2013 6:51:51 AM

Run your charts on GLD for support and resistance Trading Information
OceanArcher
Champion Author Mississippi

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Message Posted: May 20, 2013 7:07:14 PM

Hold a small interest in gold through stocks, but that's all ...
Edger
Champion Author Pittsburgh

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Message Posted: Mar 30, 2013 4:08:59 PM


Texas wants to take posession of its gold.
GLM4205
Champion Author Toledo

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Message Posted: Mar 30, 2013 2:17:15 PM

No
PDN57
Champion Author San Bernardino

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Message Posted: Feb 22, 2013 11:32:45 AM

Got a MF a few weeks ago and all it has done is go down
Edger
Champion Author Pittsburgh

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Message Posted: Nov 20, 2012 11:45:01 AM

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

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Message Posted: Nov 20, 2012 11:06:03 AM

No, can't afford it.
aaamanMI
Champion Author Ann Arbor

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Message Posted: Nov 20, 2012 7:00:56 AM

no
annettemendieta
Champion Author San Diego

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Message Posted: Sep 16, 2012 2:54:24 PM

Yes, I got a pretty gold necklace the other day.
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Aug 30, 2012 10:55:06 AM

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

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Message Posted: Aug 28, 2012 7:05:04 AM

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

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Message Posted: Aug 24, 2012 11:21:42 AM

no
alohamary
Champion Author Massachusetts

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Message Posted: Aug 7, 2012 6:22:44 AM

no
428cobrajet
Champion Author British Columbia

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Message Posted: Jun 18, 2012 5:57:31 PM

no, I should, and America should return to the Gold Standard just like Ron Paul advocates!!!
agasmiser
Champion Author Long Island

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Message Posted: Feb 19, 2012 10:52:07 AM

no
steelers6
Champion Author Indiana

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Message Posted: Nov 18, 2011 4:31:46 AM

Noever have
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Nov 17, 2011 11:43:45 AM

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

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Message Posted: Nov 16, 2011 2:57:20 PM

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

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Message Posted: Nov 15, 2011 4:56:40 PM

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

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Message Posted: Nov 12, 2011 6:04:42 AM

no - for what? never buy at the top!
Roteque
Champion Author Miami

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Message Posted: Nov 6, 2011 3:50:36 PM

Thinking seriously about moving my 401K to a Gold Managed Ira Acct !!!
gspecilk236
Veteran Author Harrisburg

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Message Posted: Nov 6, 2011 9:43:30 AM

No.
johnchase
All-Star Author Miami

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Message Posted: Oct 31, 2011 9:14:03 PM

No
Edger
Champion Author Pittsburgh

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Message Posted: Oct 21, 2011 4:47:06 PM

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

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Message Posted: Sep 3, 2011 2:09:26 PM

No, wish I had 40+ years ago when it was $35 an ounce.
Edger
Champion Author Pittsburgh

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Message Posted: Sep 3, 2011 12:08:42 PM

Gold in a bubble? Maybe looking for a new plateau?
peapaw
Champion Author Ohio

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Message Posted: Aug 31, 2011 12:07:59 PM

Nope, I would sat too much volatility, but recently it pales to the stock market.
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Aug 21, 2011 12:40:42 PM

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

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Message Posted: Aug 19, 2011 4:41:47 PM

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

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Message Posted: Aug 19, 2011 9:19:16 AM

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
Champion Author Grand Rapids

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Message Posted: Aug 16, 2011 5:34:35 PM

No, I would invest in a comodity that sustains life like pork bellies.
HellkatPA
Champion Author Pittsburgh

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Message Posted: Jun 18, 2011 12:14:32 AM

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

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Message Posted: Jun 17, 2011 5:34:18 AM

I bought some 30 years ago. :)
Sneakers55
Champion Author Houston

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Message Posted: May 16, 2011 10:23:35 PM

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

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Message Posted: May 10, 2011 8:07:47 PM

no. and I don't plan on it.
GLM4205
Champion Author Toledo

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Message Posted: May 7, 2011 1:47:26 PM

No
TadeuszK
Champion Author Manitoba

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Message Posted: May 1, 2011 7:26:25 PM

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

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Message Posted: Apr 26, 2011 11:16:16 PM

I should have
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Apr 24, 2011 5:21:39 PM

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

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Message Posted: Apr 24, 2011 5:18:39 PM

True, Edger. I wonder if we'll be seeing such moves in the near future.
HellkatPA
Champion Author Pittsburgh

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Message Posted: Apr 24, 2011 12:31:06 PM

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

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Message Posted: Apr 23, 2011 3:44:41 PM

It would be more interesting if the gold were shipped to Texas for storage.
FaithAlone
Champion Author Rio Grande Valley

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Message Posted: Apr 23, 2011 3:19:09 PM

It was the University of Texas. Interesting, isn't it?
Edger
Champion Author Pittsburgh

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Message Posted: Apr 21, 2011 2:56:56 PM

Hey FaithAlone! What/which Texas college(s) bought $1 billion of gold and is/are taking delivery of it?
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