Here is WHY Gold is a Bad Investment

Discussion in 'Trading' started by shortie, Jul 9, 2011.

Your Gold Price Target for end of 2011?

  1. 1800

    15 vote(s)
    30.6%
  2. 1650

    13 vote(s)
    26.5%
  3. 1500

    11 vote(s)
    22.4%
  4. 1350

    3 vote(s)
    6.1%
  5. 1200

    7 vote(s)
    14.3%
  1. ==========
    T journal ;
    SLV looks better uptrend than SPY, DIA , most all time frames but thats no t really saying much.None of those close to APR highs.SLV has better buy volume than SPY, but thats not saying much either:D

    Silver costs about $10 an OZ/open pit ,[plus export tax, plus transportation...plus insurance ] to mine in Argintina;
    long term uptrend is fine .............................................$40 area is a key for SLV, silver, nor would i get to excited about $40.44 silver.

    Gold frankly did not do much [up or down]1987 thru 1997;
    but looks like a young, good ,strong, nice buy vol uptrend.

    Sounds like the way the market makers are pricing premium , its reflecting that. I took your word on the option/insurance premium info.:cool:
     
    #61     Jul 20, 2011
  2. MKTrader

    MKTrader

    As I said earlier, these "gold is a bad investment" studies inevitably start around 1980/1981 just after a major secular peak in gold. That's no more objective than studying stocks from 1929-1954 (that's about how long it took to recover from the Great Crash/Depression) or from 1999-present.

    It's little wonder why the large brokerages and financial planners like to point to their flawed gold studies, though....
     
    #62     Jul 20, 2011
  3. Poor Man's Gold is Breaking Out -- Sell Your House and Buy Silver?
    Nick Levis, Hedgephone | Jul. 17, 2011, 5:48 AM | 11,371 | 17

    Nick Levis s a hedge fund manager, author, private equity investor, and wealth management consultant with over 12 years of experience in financial markets.
    Recent Posts


    July 16, 2011 nsl www.hedgephone.com

    Investors have pushed silver above the recent channel high at around $39 or so per ounce and I fully expect a retest of $50 if any more talk is given about QE3 — Silver rises because of the rising digital money supply, not from speculation. Owning cash is speculative whereas owning metals is conservative or a safe haven at current prices.

    Read more: http://www.businessinsider.com/poor...our-house-and-buy-silver-2011-7#ixzz1SgkKOtab

    it's interesting that one could be so confident that he fully expects +25% gain in silver (if QE3 is talked about some more).
     
    #63     Jul 20, 2011