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JoePhilly

(27,787 posts)

18. good response ...

Reply to dmallind (Reply #3)

Tue Jan 3, 2012, 04:38 PM

Jan 2012

People lose a lot of money chasing each bubble.

They end up buying high and then selling low.

Gold is way up, and as you note ... I won't be surprised to see investors start to sell gold to buy stocks, which are basically flat over the last 8 years.

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Honest question: Why is gold considered a good investment? [View all] Nuclear Unicorn Jan 2012 OP

It takes up less room than Beanie Babies and lasts longer than tulip bulbs. n/t Ian David Jan 2012 #1

From a discussion I heard on the Max Keiser show Gregorian Jan 2012 #2

While I think gold right now is a silly investment dmallind Jan 2012 #3

good response ... JoePhilly Jan 2012 #18

Just think of it like this: iamtechus Jan 2012 #4

When does "the value of paper money in your pocket go to zero" "occasionally"? Capitalocracy Jan 2012 #8

My thinking. Nuclear Unicorn Jan 2012 #14

This message was self-deleted by its author iamtechus Jan 2012 #15

It has happened in the US.. girl gone mad Jan 2012 #26

I wasn't really considering continental or confederate currency as a "U.S." example Capitalocracy Jan 2012 #27

These are both US examples. girl gone mad Jan 2012 #28

I'm not saying it couldn't happen Capitalocracy Jan 2012 #29

This message was self-deleted by its author Tesha Jan 2012 #5

If you bought gold a few years ago, you would've made a hefty profit. Capitalocracy Jan 2012 #6

Because it's shiny Scootaloo Jan 2012 #7

That's easy! KansDem Jan 2012 #9

lol is that a quote from "treasure of the sierra madre"? nt msongs Jan 2012 #10

!! KansDem Jan 2012 #12

... tjwash Jan 2012 #24

"...you're dumber than the dumbest jackass..." KansDem Jan 2012 #30

it's shiny piratefish08 Jan 2012 #11

It's only a good investment if you buy low and sell high. MilesColtrane Jan 2012 #13

Dunno, but when governments collapse Doremus Jan 2012 #16

Bookmarking for later Xicano Jan 2012 #17

I read somewhere a while back... Whiskeytide Jan 2012 #19

Gold is a good investment. Jewelry is not. former9thward Jan 2012 #20

Not really a great investment mitchtv Jan 2012 #21

If you invest in gold as ETF, can you actually cash it in for real gold? rbixby Jan 2012 #22

The only ETF that does that is ZGLD which is sold on the Swiss exchange. former9thward Jan 2012 #23

credibility Enrique Jan 2012 #25

Revealed, what's really at Fort Knox itsrobert Jan 2012 #31