|
|
Joined: Mar 2005
Posts: 5,659
Campfire Tracker
|
OP
Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Gold closed at $1096.90 and I was wondering what the 24CF experts think
about selling stocks. And putting the money in gold and silver.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
|
|
|
|
|
Joined: Feb 2010
Posts: 3,841
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2010
Posts: 3,841 |
Commodities should fall more if the Fed raises interest rates. Stocks may also fall so I'm not sure where the best place is to put your money. Cash may be king for a while.
Quando omni flunkus moritati
|
|
|
|
|
Joined: May 2003
Posts: 31,236
Campfire 'Bwana
|
Campfire 'Bwana
Joined: May 2003
Posts: 31,236 |
"Gold soaring! No end in sight! May soon top $2000!"
Wasn't that the siren song we all heard just recently? From the "experts"?
Cleverly disguised as a responsible adult.
|
|
|
|
|
Joined: Dec 2008
Posts: 8,298
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Dec 2008
Posts: 8,298 |
Commodities should fall more if the Fed raises interest rates. Stocks may also fall so I'm not sure where the best place is to put your money. Cash may be king for a while.
US dollar is king right now, but I doubt we will see a rate rise until December .... maybe. Stocks may bounce around a bit, but there are not a lot options outside of cash. I would shy away from gold, even though I always like having some physical gold around. But if I ever get a change to buy gold sub $500, I'm going to load up like a fat kid in donut shop  .
"Life is tough, even tougher if your stupid"
John Wayne
|
|
|
|
|
Joined: Mar 2005
Posts: 5,659
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Gold at sub $500  .... to me that sounds like $0.05 beer. I'll start buying if it goes under $1000.00
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
|
|
|
|
|
Joined: Aug 2007
Posts: 115,424
Campfire Sage
|
|
Campfire Sage
Joined: Aug 2007
Posts: 115,424 |
William Devane's portfolio has two phases:
Peaks & peaks.
Clark
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
|
|
|
|
|
Joined: Aug 2011
Posts: 8,728
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2011
Posts: 8,728 |
The only folks saying gold will be over $2000.00 are the gold sellers.
|
|
|
|
|
Joined: Feb 2010
Posts: 3,841
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2010
Posts: 3,841 |
Oil and gold prices are usually strongly connected with one ounce of gold buying 15-20 barrels of oil. If oil prices collapse(more) I would expect gold to follow.
Last edited by Whiptail; 07/28/15.
Quando omni flunkus moritati
|
|
|
|
|
Joined: Jan 2009
Posts: 5,190
Campfire Tracker
|
|
Campfire Tracker
Joined: Jan 2009
Posts: 5,190 |
The only folks saying gold will be over $2000.00 are the gold sellers. I was thinking the same thing. If that were true, I would think they'd want to hoard it rather than share or sell it.
Last edited by tpcollins; 07/28/15.
|
|
|
|
|
Joined: Aug 2012
Posts: 2,913
Campfire Regular
|
|
Campfire Regular
Joined: Aug 2012
Posts: 2,913 |
I like Gold under $900.00
But so will a lot of other people.
Crisis will make Gold rise in price
|
|
|
|
|
Joined: Jan 2014
Posts: 2,356
Campfire Regular
|
|
Campfire Regular
Joined: Jan 2014
Posts: 2,356 |
I have no gold, nor do I want it. I can't eat it or take it with me when I'm gone.
Fück Joe byron
|
|
|
|
|
Joined: Feb 2010
Posts: 17,790
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2010
Posts: 17,790 |
Gold was $35.00 an ounce when I was a senior in H.S. in 1966. If I knew then what I know now, oh well.
|
|
|
|
|
Joined: Mar 2005
Posts: 5,659
Campfire Tracker
|
|
OP
Campfire Tracker
Joined: Mar 2005
Posts: 5,659 |
Oil and gold prices are usually strongly connected with one ounce of gold buying 15-20 barrels of oil. If oil prices collapse(more) I would expect gold to follow.
Whiptail - Thanks for pointing that out. I fully expect oil prices to continue down.
"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much" Teddy Roosevelt
|
|
|
|
|
Joined: Feb 2010
Posts: 3,841
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2010
Posts: 3,841 |
Oil and gold prices are usually strongly connected with one ounce of gold buying 15-20 barrels of oil. If oil prices collapse(more) I would expect gold to follow.
Whiptail - Thanks for pointing that out. I fully expect oil prices to continue down. Glad you found it interesting. I read it in Forbes. I saw the Saudi's are going to cut production at the end of the summer so prices will probably head higher.
Quando omni flunkus moritati
|
|
|
|
|
Joined: Jan 2006
Posts: 69,304
Campfire Kahuna
|
|
Campfire Kahuna
Joined: Jan 2006
Posts: 69,304 |
If the Saudi's reduce production, Obama will simply issue the necessary orders to increase pumping in the US. Right? RIGHT?
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
|
|
|
|
|
602 members (1beaver_shooter, 12344mag, 16penny, 1337Fungi, 10Glocks, 10gaugeman, 62 invisible),
3,316
guests, and
1,126
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,191,304
Posts18,468,097
Members73,928
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
