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Joined: Dec 2002
Posts: 22,272
Campfire Ranger
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OP
Campfire Ranger
Joined: Dec 2002
Posts: 22,272 |
"...the designer of the .270 Ingwe cartridge!..."
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Joined: Nov 2004
Posts: 21,690
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 21,690 |
"The number one problem with America is, a whole lot of people need shot, and nobody is shooting them."
-Master Chief Hershel Davis
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
It would be nice to get our AAA credit rating back.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Apr 2011
Posts: 151,008
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,008 |
Gold goes up and down. Sell when it’s high, buy back when it goes down. Simple!!
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Joined: May 2004
Posts: 2,816
Campfire Regular
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Campfire Regular
Joined: May 2004
Posts: 2,816 |
Everybody talks about buying but you never hear about selling.
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Joined: Feb 2007
Posts: 11,749
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,749 |
Take a look at the return on gold vs the stock market over any significant time period.
That might give some investment direction.
NRA Patron
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
I am sure William Devane makes more by being paid to encourage you to buy gold.....than he does from the gold he buys.... just sayin'.
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Joined: Feb 2010
Posts: 16,063
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,063 |
When gold gets back to $800 and silver $12, I'm packing the gun safe full of both.
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Joined: Apr 2017
Posts: 2,467
Campfire Regular
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Campfire Regular
Joined: Apr 2017
Posts: 2,467 |
Gaddafi had 143 tonnes. There's a lot to be said for being broke 
I'm here to increase my social credit score and rub elbows with some of the highest rollers on the internet.
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Joined: Dec 2008
Posts: 8,289
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,289 |
When gold gets back to $800 and silver $12, I'm packing the gun safe full of both. Gold and silver have long cycles, but that’s not a bad plan. Long term support looks like 1150, if it breaks below it should signal another leg lower. I’m strengthening my cash position this year aside from a bit of real estate.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Feb 2003
Posts: 10,355
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,355 |
Gold was regulated, then went unregulated, and moved around.
In 1980 Gold went up to $800/ounce, came back down with exponentially damped sinusoid that was ringing around $400.
If we scale off that date assuming Gold, guitars, and guns appreciate at 3% compounded [background inflation], then today Gold should cost ... [1.03] ^ 38 years power = 3
3 x $400 = Gold should be $1200 today.
But Gold is $1163 Today.
I predict it will go up $37.
My portfolio of AMZN, GOOG, and NFLX is up 49.67% over the last year.
I am not wasting my time with Gold.
I emailed this 10 years ago to a friend [I was calculating $1000/ounce then]. He said Obama was destroying the country and bought Gold and farms in Uruguay.
He lost millions.
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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629 members (222Sako, 12344mag, 1234, 160user, 204guy, 2500HD, 58 invisible),
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Key:
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Forums81
Topics1,190,619
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Jul 7th, 2023
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