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#7653572 - 04/15/13 01:18 PM Re: Are We About to See a Global Gold Selling Spree? [Re: Penguin]
Old_Toot Offline
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Registered: 11/28/03
Posts: 6717
Loc: W. Fel. Nirvana
Commodities tend to move in lock step, Will.
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#7653659 - 04/15/13 01:38 PM Re: Are We About to See a Global Gold Selling Spree? [Re: Penguin]
ribka Offline
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Registered: 03/10/10
Posts: 4511
if you know of a safe place to invest would love to know. I got out of the market at 14000 and stop buying gold at $1300. Sold off gold last December.

So much contradictory info, misinformation out there now very difficult to find a place to put investments.


Originally Posted By: Penguin
Originally Posted By: The_Real_Hawkeye
The metals selling websites are all crashing and burning with the number of folks clamoring to buy. Their servers can't handle the volume.


I am surprised you can hear that over the screams of the knife catchers who have bought every dip on the way down. smile

Ah well, they aren't alone. Been a whole lot of folks who ~finally~ backed the truck up and loaded down in stocks. 4 years into a historical bull market. With landmines going off all over the globe. And conflicting economic indicators flashing green and red all over the place.

When you have a market this dependent on Fed largesse it is VERY tough to find a safe place to hide.

Will

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#7653724 - 04/15/13 01:53 PM Re: Are We About to See a Global Gold Selling Spree? [Re: ribka]
Penguin Offline
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Registered: 04/06/06
Posts: 5575
Loc: The great midwest
Originally Posted By: ribka
if you know of a safe place to invest would love to know...


I'll make you a deal, if I find one I'll let you know about it.

I've made some terrible investing mistakes in the last several years. I got out of the stock market right before the crash in 2008. (Very good move)... but then I stayed in bonds. (Not a good move) I continued to buy stocks with fresh money from the crash onward (Good job) and even took a good bit of the gains off the table when the all time highs came in. (Great job) But I left a lot of it on the table. (Bad move!!!) Went long energy in 2008. (Good job) But also invested in alt energy (Shakes head sadly)

I guess I am a lot like quite a few folks. Sometimes I do smart things and sometimes I do dumb things. The crash in 2008 and the housing bubble bust were so easy to see it was scary. Now? An absolutely unprecedented market.

Long term I still believe gold will be a good investment. But IF this is a symptom of bad things in foreign lands taking shape I have to remember what happened to gold the last time we had a serious market correction/crash. Gold wasn't immune, it was tanking like everything else.

Maybe I am just a cautious person? I'm sure as hell not someone who could sell investment advice. smile

Will
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Smellin' a lot of 'if' coming off this plan.

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#7653745 - 04/15/13 01:58 PM Re: Are We About to See a Global Gold Selling Spree? [Re: Penguin]
eyeball Offline
Campfire Oracle

Registered: 03/22/11
Posts: 28738
You can put me on that need to know list , if you would, Penguin.
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#7653782 - 04/15/13 02:03 PM Re: Are We About to See a Global Gold Selling Spree? [Re: The_Real_Hawkeye]
MacLorry Offline
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Registered: 06/25/10
Posts: 3165
Loc: polar orbit
Originally Posted By: The_Real_Hawkeye
The metals selling websites are all crashing and burning with the number of folks clamoring to buy. Their servers can't handle the volume.


Just tried Monex and Goldline and their sites are respoinding just fine.

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#7653788 - 04/15/13 02:04 PM Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]
Stormin_Norman Offline
Campfire Regular

Registered: 12/26/08
Posts: 1091
Loc: Kalispell MT
Originally Posted By: eyeball
You can put me on that need to know list , if you would, Penguin.


+1

I went into a stable value fund around DOW 14000 after catching a 5% gain in January, missed the last 800 point run up. I'm waiting to re-enter stocks, but I'll be patient. If I catch another 5% this year I'll be ecstatic .... smile.
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#7653817 - 04/15/13 02:12 PM Re: Are We About to See a Global Gold Selling Spree? [Re: eyeball]
Penguin Offline
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Registered: 04/06/06
Posts: 5575
Loc: The great midwest
Originally Posted By: eyeball
You can put me on that need to know list , if you would, Penguin.


Will do... man talk about waiting for a horse to come in. smile

I guess one of the biggest lessons I have learned in investing may not be applicable to anyone but me. It is this: I have a certain personality and for me to have any peace of mind I have to stay within the bounds that my personality is comfortable with.

I am so cautious with money that it just isn't in my nature to take huge gambles and when my Spidey sense goes off I follow it. Sometimes I win and sometimes I don't but I never forget my planned retirement age. Never beat them in the quarter mile.

Will
_________________________
Smellin' a lot of 'if' coming off this plan.

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#7653839 - 04/15/13 02:18 PM Re: Are We About to See a Global Gold Selling Spree? [Re: Penguin]
Longbob Offline
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Registered: 10/21/02
Posts: 6799
Loc: Denton, TX
If you are looking for a safe haven then you truly have to define what you mean by safe haven. Safe can mean liquidity, stability, inflation protection, etc.... Those things can be independent of each other.

I feel a better approach to investing is that each and every investment you have must have a compelling reason to be in your portfolio. Whether it is any that I mentioned or say dividends for example. If the compelling reason you own an investment is for rising dividends then ask yourself in times of turmoil "Has the compelling reason changed?" If not, don't sell and maybe consider adding to the position.

If it has changed then you must figure out a way to unwind the position if it is not at a point of fortunate liquidation. You can bet that every investment that you own (or just about) will have a time of turmoil and these gut checks are important.

YMMV.

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#7653854 - 04/15/13 02:21 PM Re: Are We About to See a Global Gold Selling Spree? [Re: ribka]
MacLorry Offline
Campfire Guide

Registered: 06/25/10
Posts: 3165
Loc: polar orbit
Originally Posted By: ribka
if you know of a safe place to invest would love to know. I got out of the market at 14000 and stop buying gold at $1300. Sold off gold last December.

So much contradictory info, misinformation out there now very difficult to find a place to put investments.


There is no ONE safe place to put your money. I invest in TIPS, muni-bonds, and stocks. All my investments pay dividends, some each month, some each quarter, some at the end of the year. Today with the stock market down sharply I'll lose money on stocks, but the increase in TIPS will more than likely cover the loss and I'll have an overall gain for the day. I make money on the dividends while the value of different types of investments seesaws back and forth.

I buy and sell as investments rebound off the bottom or ricochet off the top. Think of it as a ratchet system that climbs the wealth tree. The bigger the waves the faster it climbs.

Yes, it takes some work to know what to do and when, and you have to keep an eye on what the Fed is planning so you don't get caught invested in the wrong thing at the wrong time.

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#7653867 - 04/15/13 02:25 PM Re: Are We About to See a Global Gold Selling Spree? [Re: MacLorry]
Longbob Offline
Campfire Tracker

Registered: 10/21/02
Posts: 6799
Loc: Denton, TX
Be cautious on the TIPS. There are two components to TIPS. The interest rate and the inflation adjustment. Since there are two, then the interest rate is very low.

This low rate causes the TIPS to have an unusually long duration. What they don't tell you about TIPS is that a rising interest rate environment to combat inflation will crush the TIPS value due to the long duration.

You should be good on the muni bonds for a while depending on issuer.

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