redrum Posted May 19, 2008 Share Posted May 19, 2008 I'm thinking of buying a 1/4 ounce gold coin with my $300 tax rebate. That's all I'll ever be able to afford probably. Anybody here buying gold? I hear it may get up to $2000 an ounce so it may be a good investment. Link to comment Share on other sites More sharing options...
DoubleNecker Posted May 19, 2008 Share Posted May 19, 2008 I don't like gold......I don't! It makes your fingers go green. Link to comment Share on other sites More sharing options...
euro Posted May 19, 2008 Share Posted May 19, 2008 I'm thinking of buying a 1/4 ounce gold coin with my $300 tax rebate. That's all I'll ever be able to afford probably. Anybody here buying gold? I hear it may get up to $2000 an ounce so it may be a good investment. Looks like USA dollar wants to find a bottom here versus the Euro and Japanese Yen.If you think the Democrats going continue the wreckless boring and spending of the Republicans then maybe US Dollar has further to go on down side and Gold may go up My sense is US Dollar on a technical basis is poised for a rally which might undermine the price of Gold in the next year or so but who knows? Link to comment Share on other sites More sharing options...
Gainsbarre Posted May 20, 2008 Share Posted May 20, 2008 Looks like USA dollar wants to find a bottom here versus the Euro and Japanese Yen.If you think the Democrats going continue the wreckless boring and spending of the Republicans then maybe US Dollar has further to go on down side and Gold may go up Well 1 Australian Dollar is now worth 95cents American, which is unbelievable... 10 years ago the Australian Dollar used to be worth about 60 US cents In fact in March 2001, 1 Australian Dollar was worth 48 cents So in 7 years the Aust dollar have gone from being worth 48 cents to 95 cents... Link to comment Share on other sites More sharing options...
TheZeppyWanderer Posted May 20, 2008 Share Posted May 20, 2008 thoughts on the Iraqi Dinar, anyone ........ ? Link to comment Share on other sites More sharing options...
euro Posted May 20, 2008 Share Posted May 20, 2008 Well 1 Australian Dollar is now worth 95cents American, which is unbelievable... 10 years ago the Australian Dollar used to be worth about 60 US cents In fact in March 2001, 1 Australian Dollar was worth 48 cents So in 7 years the Aust dollar have gone from being worth 48 cents to 95 cents... The AUD was undervalued I guess Link to comment Share on other sites More sharing options...
euro Posted May 20, 2008 Share Posted May 20, 2008 Dupe posting Link to comment Share on other sites More sharing options...
euro Posted May 20, 2008 Share Posted May 20, 2008 thoughts on the Iraqi Dinar, anyone ........ ? Once America out Dinar soars Link to comment Share on other sites More sharing options...
JethroTull Posted May 20, 2008 Share Posted May 20, 2008 I'm thinking of buying a 1/4 ounce gold coin with my $300 tax rebate. That's all I'll ever be able to afford probably. Anybody here buying gold? I hear it may get up to $2000 an ounce so it may be a good investment. As with any investment, it's your decision. My opinion is...if that is ALL you have to invest, I wouldn't buy gold coin. Usually when an investor buys gold, they need to have a secure place to store it. Although it would require a larger investment, you might be better off buying a gold fund or a precious metals fund. Precious metals are typically bought by people with more substantial assets and can handle (emotionally and financially) the ups and downs. Don't forget as quickly as it might go up, it can also go down. If you are just starting out, try a more traditional (conservative) approach like an S&P 500 Indexed fund. Link to comment Share on other sites More sharing options...
jimmie ray Posted May 20, 2008 Share Posted May 20, 2008 I was thinking that these new "Forever" postal stamps would be a good investment. You pay the current price for them, and they're usable as the normal postage for good, I'm told. So with the cost of transportation soaring, you would think that stamp prices should skyrocket along with everything else related to fuel costs. Buy now, sell later. Assuming the glue is forever, too? Link to comment Share on other sites More sharing options...
Mrs. Plant Posted May 20, 2008 Share Posted May 20, 2008 If you go and sell your gold, or pawn it off or whatever, shop around. My mom just sold some and got LOTS more at one place than another was buying it for, and the rates for gold had gone up, they just were'nt buying it for what they should now. Link to comment Share on other sites More sharing options...
redrum Posted May 20, 2008 Author Share Posted May 20, 2008 As with any investment, it's your decision. My opinion is...if that is ALL you have to invest, I wouldn't buy gold coin. Usually when an investor buys gold, they need to have a secure place to store it. Although it would require a larger investment, you might be better off buying a gold fund or a precious metals fund. Precious metals are typically bought by people with more substantial assets and can handle (emotionally and financially) the ups and downs. Don't forget as quickly as it might go up, it can also go down. If you are just starting out, try a more traditional (conservative) approach like an S&P 500 Indexed fund. Maybe I should just buy some gold paint. I know nothing about any of this. Link to comment Share on other sites More sharing options...
Rock Action Posted May 20, 2008 Share Posted May 20, 2008 Maybe I should just buy some gold paint. Anyone see that episode of M*A*S*H where they painted everything gold, just to drive a certain greedy major nuts? Link to comment Share on other sites More sharing options...
redrum Posted May 20, 2008 Author Share Posted May 20, 2008 Anyone see that episode of M*A*S*H where they painted everything gold, just to drive a certain greedy major nuts? That was Frank who thought he'd found the El Dorado of Korea. He was my fave character. Link to comment Share on other sites More sharing options...
Rock Action Posted May 20, 2008 Share Posted May 20, 2008 That was Frank who thought he'd found the El Dorado of Korea. He was my fave character. That was great, especially when Hawkeye drove by in that gold Jeep! Link to comment Share on other sites More sharing options...
redrum Posted May 20, 2008 Author Share Posted May 20, 2008 That was great, especially when Hawkeye drove by in that gold Jeep! And Margaret was so p.i.s.sed off at Frank for being such a fool. Link to comment Share on other sites More sharing options...
Angel Posted May 21, 2008 Share Posted May 21, 2008 Redrum, if you're not experienced with trading (yes, even in tangible commodities) I would avoid the gold. Coins and jewellery (diamonds and precious gems) are never an investment. Think "they are only valuable if you can find a buyer". Get a high yield ING Savings account (no fees) and take the time to educate yourself. Good Luck. Link to comment Share on other sites More sharing options...
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