Home › Forums › Financial Markets/Economics › GLD ETF full of fake gold?
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cyphire.
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November 25, 2009 at 3:34 PM #487656November 25, 2009 at 3:42 PM #486807
EconProf
ParticipantTo go long on gold is to go short on this government. Investors are looking at the policies of this Fed and Treasury Department, and this Congress, and saying “Get me out of here”. They are not (yet) voting with their feet by leaving the country, but are investing their money into gold and foreign stock markets. So far is year, their investments have rewarded them well.
Gold up about $18 more today.November 25, 2009 at 3:42 PM #486975ParticipantTo go long on gold is to go short on this government. Investors are looking at the policies of this Fed and Treasury Department, and this Congress, and saying “Get me out of here”. They are not (yet) voting with their feet by leaving the country, but are investing their money into gold and foreign stock markets. So far is year, their investments have rewarded them well.
Gold up about $18 more today.November 25, 2009 at 3:42 PM #487355ParticipantTo go long on gold is to go short on this government. Investors are looking at the policies of this Fed and Treasury Department, and this Congress, and saying “Get me out of here”. They are not (yet) voting with their feet by leaving the country, but are investing their money into gold and foreign stock markets. So far is year, their investments have rewarded them well.
Gold up about $18 more today.November 25, 2009 at 3:42 PM #487442ParticipantTo go long on gold is to go short on this government. Investors are looking at the policies of this Fed and Treasury Department, and this Congress, and saying “Get me out of here”. They are not (yet) voting with their feet by leaving the country, but are investing their money into gold and foreign stock markets. So far is year, their investments have rewarded them well.
Gold up about $18 more today.November 25, 2009 at 3:42 PM #487671ParticipantTo go long on gold is to go short on this government. Investors are looking at the policies of this Fed and Treasury Department, and this Congress, and saying “Get me out of here”. They are not (yet) voting with their feet by leaving the country, but are investing their money into gold and foreign stock markets. So far is year, their investments have rewarded them well.
Gold up about $18 more today.November 25, 2009 at 4:00 PM #486812Adebisi
Participant[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
November 25, 2009 at 4:00 PM #486980Participant[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
November 25, 2009 at 4:00 PM #487360Participant[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
November 25, 2009 at 4:00 PM #487447Participant[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
November 25, 2009 at 4:00 PM #487676Participant[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
November 25, 2009 at 4:15 PM #486817partypup
ParticipantHey Scaredy, how’s that gold investment working out for ya? Thinking of selling anytime soon? 😉
Gold is going to $2,500. After that, to the moon.
The dollar death is upon us.
My modest gold and silver investments have been netting $5-7K each day for the past 2 weeks. The paradigm has changed forever, boys and girls.
November 25, 2009 at 4:15 PM #486985ParticipantHey Scaredy, how’s that gold investment working out for ya? Thinking of selling anytime soon? 😉
Gold is going to $2,500. After that, to the moon.
The dollar death is upon us.
My modest gold and silver investments have been netting $5-7K each day for the past 2 weeks. The paradigm has changed forever, boys and girls.
November 25, 2009 at 4:15 PM #487365ParticipantHey Scaredy, how’s that gold investment working out for ya? Thinking of selling anytime soon? 😉
Gold is going to $2,500. After that, to the moon.
The dollar death is upon us.
My modest gold and silver investments have been netting $5-7K each day for the past 2 weeks. The paradigm has changed forever, boys and girls.
November 25, 2009 at 4:15 PM #487452ParticipantHey Scaredy, how’s that gold investment working out for ya? Thinking of selling anytime soon? 😉
Gold is going to $2,500. After that, to the moon.
The dollar death is upon us.
My modest gold and silver investments have been netting $5-7K each day for the past 2 weeks. The paradigm has changed forever, boys and girls.
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