Investing in Gold & Silver

[Happy_Trails]

When I bought my 15 one ounce gold coins in 1980 it was right at the top of around $800 - the price then bottomed around $360. I've held my coins all these years because they are simply beautiful and will someday be gifts to grandchildren. I've been coaching my daughter to wear her gold Woodstock bird but so far she doesn't realize the value and lacks courage. I think she would get positive comments.

What percentage (if any) of the Oceanic is invested in gold or silver? With your time horizon and buy & hold approach, I could see you having a limited exposure to gold in the Oceanic.

 

[Birchtree]

I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.

 

[law87]

I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.

chances that will happen? i dont think so..

if QE3 were to happen i think fed would announce it at the begining of the week so the market can rally on the news.

whats the point of announcing the day before the weekend?

 

[Birchtree]

I do own Signet Jewels (SIG) just incase diamonds begin to appreciate again. I bought a .96 carat pigeon blood ruby back in the early 1970s and my wife wears it instead of the standard diamond center. Her ruby is surrounded by two .25 carat vvs quality diamonds. I doubt that I could even come close to affording a ruby of that caliber today. When my original fiancee left me for a married doctor I demounted the stones and just waited years for the right woman to wear them again. The problem was I had three .25 carat vvs diamonds and her ring finger would only hold two. So what to do. I consulted my local jeweler to try and trade three diamonds for even higher quality - I was told I was already there. I could put one in my ear - nah, not me. So I bought a gold rose and had the diamond embeded into it and my wife wears it every day on one of her chains - simply beautiful. So I like gems.

 

[malyla]

I own Jaguar mining (JAG) in silver - other than that I'm trying to turn my coal positions into diamonds. If Bernanke floats a QE3 commodities will rip.

But isn't QE1-2 and possible QE3 a handout from the federal government and tax payers to wall street and the banks? Aren't we suppose to be against entitlements including the newest one that is designed to 'float' the market but did nothing for the economy?

Oh yea, Jon Stewart said it best... "See, this is the problem with entitlements. They're really only "entitlements" when they're something other people want. When it's something you want, they're a hallmark of a civilized society, the foundation of a great people.
http://garthright.blogspot.com/2011/08/entitlements.html

If we want to get rid of entitlements, lets start with the ones that benefit wall street at the expense of the economy. Then work on the entitlements for those who do not need them like the Bush tax cuts entitlements...

My two cents

 

[tsptalk]

The gold and silver discussion went off track from here. I moved the posts in The Economy Forum:

http://www.tsptalk.com/mb/showthread.php?9859-Taxes-and-the-Economy

 

[tsptalk]

I'm guessing that this has been mentioned in other threads today, but I thought I would post it here as well...

Gold is down over $100 an ounce today! That's it. :blink:

I can only images the fortunes that are being lost and gained in the gold futures market on a day like this. Trading just one lot would see massive moves in your account balances.

 

[clester]

I'm guessing that this has been mentioned in other threads today, but I thought I would post it here as well...

Gold is down over $100 an ounce today! That's it. :blink:

I can only images the fortunes that are being lost and gained in the gold futures market on a day like this. Trading just one lot would see massive moves in your account balances.

That's why I am not in those markets. Feels like 1999 when NASDAQ went through the roof.