Will gold ever be profitable again?

Discussion in 'Bullion Investing' started by Mcreagin, May 20, 2012.

  1. coleguy

    coleguy Coin Collector

    So, in other words it's when hoarding is hoarding, but not hoarding, yet hoarding, but not. Got it. Thanks for clearing that up.
    Guy
     
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  3. InfleXion

    InfleXion Wealth Preserver

    I wouldn't be surprised if some folks wanted this forum to be shut down, and are actively sabotaging it to prevent the things being discussed here from being common knowledge. I certainly hope that does not occur, and have always done my personal best to avoid foul language and crudeness even if I am lacking in tact at times. It can be difficult not to be political given the nature of the subject, but I do avoid name drops in that arena. If I may make a personal request, instead of punishing the bullion forum, punish the offenders. There are a lot of people here who just like to read and don't necessarily participate.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Sure, nothing could be simpler. All you have to do is buy when the price has just gone down, and right before it goes back up. All you need is hindsight.
     
  5. desertgem

    desertgem Senior Errer Collecktor Supporter

    Inflexion, I hope you didn't take this to mean there is a conspiracy or even a desire on my or anybody's part to see the Bullion section closed or punished. My comment on "life support" reflects the efforts made to keep the postings within the rules. Yes it is hard to keep much of the discussions devoid of politics, but you will notice that I do not eliminate or edit referrals to the "gubermint" or such, but when specific people or parties are mentioned with regards to events it is different. Even conspiracy stories are common fare, but many expect such to be taken for truth and get offended beyond the rules when debated on it. The common code of ethics on Cointalk are to trash the coin but NOT the person. The Bullion forum has no coin as such, so one can trash the USD, Euro, etc., but NOT the person. That is going downward in the Bullion section in my opinion. Maybe the general member doesn't realize that mods can't read each and every post ( and I certainly don't want to ) and we depend on individual members to draw our attention to an offending post ( the triangular icon with the ! in it at the bottom of the post. This forum gets more than their proportionate share. So many do want to have a polite discussion of bullion investing and mainly read as you say, but some wish to draw attention to themselves and their beliefs. That is the problem.

    I don't always agree with you, but your comments are always understandable, insightful , and polite. I wish the best for our Bullion forum.

    Jim
     
  6. medoraman

    medoraman Supporter! Supporter

    I tell you what Jim, I wouldn't want your job as Mod of this forum. :)
     
  7. InfleXion

    InfleXion Wealth Preserver

    Jim I did not think that and my comment was not directed at you, nor the folks I banter with either, rather those who are disruptive. I'm glad to hear that I misunderstood what you meant and that this forum is not at risk of being shut down. :) I am aware that my perspective is not the norm in many regards and I am always learning thanks to many of the people here including yourself. I obviously lean towards the conspiracy side of things, but I try my best to explain where I'm coming from so people don't have to take my word for it if they would prefer to follow the trail and decide for themselves whether it has merit. Thanks for the kind words.
     
  8. desertgem

    desertgem Senior Errer Collecktor Supporter

    Actually, it is great! I work with an excellent owner and administrator, and the other mods are good members and men also. I eventually will reach a time when other interests tap me on the shoulder, but my son went with me to a coin club meeting and was jolted with the experience. He does seem to be interested in old paper money, and bought some pre -WW1 Soviet bills and interst notes and he asked to borrow my Redbook and some books on US paper. Nice when that happens. :)

    After 36 years of college teaching and Academic Senate politics, this is a snap.
     
  9. areich

    areich America*s Darling

    I looked in to see what the moderator was up to. i would say that this often looks like the politics and ramblings of the Student Senate.

    Mandy

    Power to the People!
     
  10. justafarmer

    justafarmer Senior Member

    Are you like the owner or employee of edited?
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    No, I'm sure he's just an impartial observer spamming the same copypasta and commercial link across seven (at last count) separate PM threads.
     
  12. medoraman

    medoraman Supporter! Supporter

    Academic Senate. Ouch.

    I once heard someone describe the ferocity of Academic debates as being due to so little at stake. In business, there is real money on the line so usually a compromise is reached. In academia, its not, so people feel free to be as big of (fill in the blank), that they wish.
     
  13. mrbrklyn

    mrbrklyn New Member

    After all this time your finally responding? Anyway, then explain the British Parliment.
     
  14. talinmaplewood

    talinmaplewood New Member

    Cool. Good to keep the hobby up. I have a bag of old Indian penny's and buffalo nickels that I keep around to give to my friends kids when they come over. Amazing how interested a ten year old kid can get when I tell them they are a "100 years older" than they are and where they might have been (before freeways, cell phones, video games, etc.) They kind of get into a "aw" as I was when I saw a coin 10 or 15 or 20 times older than me.

    Keep up the good work!

    As far as the bullion section goes, be civil. Opinions are like edited ~please read the rules on language.
    http://www.cointalk.com/t34131/


    Thanks Jim.
     
  15. talinmaplewood

    talinmaplewood New Member

    Sorry, Jim. I was just trying to bring your point to light. Collecting coins is a hobby; love it, don't, whatever. I like being a collector, like passing it on to the "youngins". I know money and making it is involved to a lot but liked your point on passing it on to your kid(s) and I guess I don't see bullion being part of the hobby and folks just get...touchy about it way too much.

    Thanks for keeping it civil, will try not to make smart comments in the future.



    Thanks Jim.[/QUOTE]
     
  16. mrbrklyn

    mrbrklyn New Member

    let me out of this thread
     
  17. ToughCOINS

    ToughCOINS Dealer Member Moderator

    If you're waiting for someone else to convince you that gold will be profitable, instead of researching and understanding the underlying reasons for how and why gold prices move, you are either following the crowd, or in the thick of it, instead of being ahead of it.

    Whether gold moves up or down, if you are in it for profit, as opposed to hedging against inflation, in the crowd is a pretty bad place to be.

    If you're hedging instead of investing in gold, it's not quite as bad, but you should still understand market moves on your own, instead of depending on news reports, or the recommendations of others.
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    It still seems to me that the difference between "being ahead of the crowd" and "running off in the wrong direction" comes down to one thing: ability to predict the future.

    It would be great to have it, but if it were possible, markets as we know them couldn't exist.
     
  19. ToughCOINS

    ToughCOINS Dealer Member Moderator

    That's why, despite not making the obscene profits (highest percentage returns) made by the most successful investors, contrarians are consistently more successful (gain more often / lose less often) than the crowd.

    Being a contrarian is about as close to being able to predict the future as investors can get, because they use the momentum in market sentiment to determine what they should / should not buy.
     
  20. SILVER E C-C

    SILVER E C-C Junior Member

    I don't know were gold is going, I just buy some every month as an easy way to save money. Mostly gold eagles or pamp bars, It don't make any sense putting money in a saving's acount or a CD at .25% interest. Take a little risk by buying gold it is probably a better bet than .25% interest. :)
     
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