Comments on: The Golden Hoard

By: clicclic

clicclic — Wed, 08 Feb 2006 12:09:44 +0000

Do not buy coins. Buy GLD or IAU

By: Big Mike

Big Mike — Mon, 06 Feb 2006 16:21:07 +0000

You need to visit my Contrarian Investing Blog where I regularly write about gold and silver. However, investing in the metal directly is pretty boring. Even if it makes it to $1000/oz, that's not a very big return on your investment. To make big profits you need to invest in stocks of mining companies.

By: mbhunter

mbhunter — Sat, 04 Feb 2006 05:30:50 +0000

Very true Flexo. Probably the best time to sell is when Time magazine starts talking about what a sure thing gold is.

By: Flexo

Flexo — Fri, 03 Feb 2006 06:27:24 +0000

The best time to buy gold was probably when people weren’t talking about it so much.

Gold, like any other thing, has a value based on what other people are willing to pay. That’s it, it’s nothing special.

By: Rebecca

Rebecca — Thu, 02 Feb 2006 23:18:39 +0000

I like the idea of buying gold now. I guess I’m one of those pessimists that read Empire of Debt or something….

I’m pondering Gary North’s advice on how to do this. BuillionVault and the like are one way, but I like the idea of buying gold coins. So Silas Marner, I know, I know.

By: mbhunter

mbhunter — Wed, 01 Feb 2006 06:38:57 +0000

Hi ADD, thanks for the comment.

I suppose “pessimist” is a good description of my attitude toward the dollar, stocks, real estate, etc. It’s nice to see that gold is getting a little more attention these days, though it could use a lot more respect.

By: Adult ADD and Money

Adult ADD and Money — Tue, 31 Jan 2006 15:30:48 +0000

MBH
I like the article and it is a different perspective.

I am always leary on investing in things that do nothing. If I were worried about outrageous inflation or the stability of the economy I would be more inclined to invest in gold. Gold is the investment of pessimists.