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Re: This is for KTC - I think...

By: killthecat in FFFT | Recommend this post (0)
Wed, 24 Aug 11 5:07 PM | 40 view(s)
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Msg. 32053 of 65535
(This msg. is a reply to 32039 by oldCADuser)

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Morning OCU:

I hesitate to express any opinion on gold, especially at $1,800+ per ounce.

I do wish I had heeded the libertarian advice and gotten into gold this year (I'm having a way below average investing year), and I do follow gold's news releases, but will stay out of the market.

I'm not convinced that gold is a valid alternate to paper money, nor am I convinced that gold bugs won't eventually get screwed like other investor classes have. The gold market is surprisingly small when China, India, and Arab physical demand is discounted and can be crashed with ease.


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The above is a reply to the following message:
This is for KTC - I think...
By: oldCADuser
in FFFT
Wed, 24 Aug 11 8:13 AM
Msg. 32039 of 65535

On the drive-time tonight I was listening to the Clark Howard Show (not sure if you know who he is, but he gives financial advice to callers on his radio show. He also has a show on cable TV where he does the same.) and someone called in and asked about investing in Gold and he quoted a very interesting statistic. He claims (and he as reputation as being a reliable and well informed guy) that, taking into account the effects of inflation, that Gold today is worth LESS than it was 30 years ago. And as you might guess his advice to the caller was to think twice before investing in Gold at today's prices since it's very possible that you'd be coming to the party a bit too late, that the run-up has already occurred and that the people who really make money in the Gold market are those who are traders and not investors.


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