Home › Forums › Financial Markets/Economics › To buy/not buy gold and silver etc? Need advice
- This topic has 15 replies, 4 voices, and was last updated 16 years, 4 months ago by
Bubblesitter.
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July 13, 2008 at 8:47 AM #13271July 13, 2008 at 8:51 AM #238454
jficquette
ParticipantI wouldn’t buy Gold. Just keep your money in CD’s for now.
I Bonds are good too.
John
July 13, 2008 at 8:51 AM #238589ParticipantI wouldn’t buy Gold. Just keep your money in CD’s for now.
I Bonds are good too.
John
July 13, 2008 at 8:51 AM #238597ParticipantI wouldn’t buy Gold. Just keep your money in CD’s for now.
I Bonds are good too.
John
July 13, 2008 at 8:51 AM #238646ParticipantI wouldn’t buy Gold. Just keep your money in CD’s for now.
I Bonds are good too.
John
July 13, 2008 at 8:51 AM #238657ParticipantI wouldn’t buy Gold. Just keep your money in CD’s for now.
I Bonds are good too.
John
July 13, 2008 at 9:02 AM #238479cr
ParticipantRich’s commentary from March
July 13, 2008 at 9:02 AM #238614ParticipantRich’s commentary from March
July 13, 2008 at 9:02 AM #238622ParticipantRich’s commentary from March
July 13, 2008 at 9:02 AM #238672ParticipantRich’s commentary from March
July 13, 2008 at 9:02 AM #238684ParticipantRich’s commentary from March
July 13, 2008 at 9:10 AM #238494Bubblesitter
ParticipantCDs at FDIC insured institutions are good. Just keep your assets <$100K I personally keep in shorter term 6 month instruments. The spread between 6 month and 5 year return is not big. Plus, I don't want to lock up money for that long of time. If inflation (stagflation like the 70s) rears it's head, you are locked in a 5yr CD with a poor rate. Of course, you could always withdrawl early at a $ penalty. I have significant % of my assets holding in Gold ETFs that are traded on the exchanges, GLD IAU are examples. Gold is creeping up to nearly again after it dropped into the 800s. It was nearly $1000 a few months ago, now at $950/oz. It will continue to be volatile, we can expect to see big drops as some as people liquid to cover margin calls in event of big market drop. Gold seems relatively well correlated with Oil price, some are saying that we may see a big drop in Oil, others believe oil is only going up. Who knows,however I'm generally of the opinion it is the latter. I think gold belong in everyone's portfolio, just don't go crazy. Gold is volatile. 6 month CDs at FDIC insured institutions are pretty safe. Bubblesitter
July 13, 2008 at 9:10 AM #238629ParticipantCDs at FDIC insured institutions are good. Just keep your assets <$100K I personally keep in shorter term 6 month instruments. The spread between 6 month and 5 year return is not big. Plus, I don't want to lock up money for that long of time. If inflation (stagflation like the 70s) rears it's head, you are locked in a 5yr CD with a poor rate. Of course, you could always withdrawl early at a $ penalty. I have significant % of my assets holding in Gold ETFs that are traded on the exchanges, GLD IAU are examples. Gold is creeping up to nearly again after it dropped into the 800s. It was nearly $1000 a few months ago, now at $950/oz. It will continue to be volatile, we can expect to see big drops as some as people liquid to cover margin calls in event of big market drop. Gold seems relatively well correlated with Oil price, some are saying that we may see a big drop in Oil, others believe oil is only going up. Who knows,however I'm generally of the opinion it is the latter. I think gold belong in everyone's portfolio, just don't go crazy. Gold is volatile. 6 month CDs at FDIC insured institutions are pretty safe. Bubblesitter
July 13, 2008 at 9:10 AM #238637ParticipantCDs at FDIC insured institutions are good. Just keep your assets <$100K I personally keep in shorter term 6 month instruments. The spread between 6 month and 5 year return is not big. Plus, I don't want to lock up money for that long of time. If inflation (stagflation like the 70s) rears it's head, you are locked in a 5yr CD with a poor rate. Of course, you could always withdrawl early at a $ penalty. I have significant % of my assets holding in Gold ETFs that are traded on the exchanges, GLD IAU are examples. Gold is creeping up to nearly again after it dropped into the 800s. It was nearly $1000 a few months ago, now at $950/oz. It will continue to be volatile, we can expect to see big drops as some as people liquid to cover margin calls in event of big market drop. Gold seems relatively well correlated with Oil price, some are saying that we may see a big drop in Oil, others believe oil is only going up. Who knows,however I'm generally of the opinion it is the latter. I think gold belong in everyone's portfolio, just don't go crazy. Gold is volatile. 6 month CDs at FDIC insured institutions are pretty safe. Bubblesitter
July 13, 2008 at 9:10 AM #238688ParticipantCDs at FDIC insured institutions are good. Just keep your assets <$100K I personally keep in shorter term 6 month instruments. The spread between 6 month and 5 year return is not big. Plus, I don't want to lock up money for that long of time. If inflation (stagflation like the 70s) rears it's head, you are locked in a 5yr CD with a poor rate. Of course, you could always withdrawl early at a $ penalty. I have significant % of my assets holding in Gold ETFs that are traded on the exchanges, GLD IAU are examples. Gold is creeping up to nearly again after it dropped into the 800s. It was nearly $1000 a few months ago, now at $950/oz. It will continue to be volatile, we can expect to see big drops as some as people liquid to cover margin calls in event of big market drop. Gold seems relatively well correlated with Oil price, some are saying that we may see a big drop in Oil, others believe oil is only going up. Who knows,however I'm generally of the opinion it is the latter. I think gold belong in everyone's portfolio, just don't go crazy. Gold is volatile. 6 month CDs at FDIC insured institutions are pretty safe. Bubblesitter
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