I'm hoping to purchase the APM (American Palladium Mercury) this year, if things proceed in a positive direction.
The funny thing is in most of the asset classes, the index funds do pretty much as well as, if not better than, managed funds. Also, there is typically no load and their management fees are quite a bit lower. Yet, lots of people still go for the managed funds. Go figure.
Alex, There's nothing definite yet. It is still in the feasibility phase. The results of the study are due this year. Some are thinking if it does get approved, it will also be minted this year. Here's hoping. http://www.cointalk.com/t130934/
it's human nature though...which place do you go to for a new car? the one run by some old guy or the dealership with like 20 employees? people think they'll get a better deal cause they are in business to do business...but really it's all about making payroll for the week...
This is key. If you believe Lindsey Williams, the Fed is planning on a 40% reduction in the value of the USD based on a 2002 essay by Bernanke. He is only speculating that it could happen in 2012 though, but is pretty confident it will happen at some point. 16 of the Fed's 21 primary dealers are predicting QE3 by the mid-point of 2012, and realistically anything other than money printing would decimate the banks with their highly leveraged balance sheets. Any deflation would be magnified and require them to be bailed out anyway. This doesn't mean that gold will outperform in the case that all prices rise, but gold is the safe bet in that regard. The physical silver market bodes better for silver in my mind, but that can't happen until the paper price diverges from the physical price since the CME Group will never let it get above $50 with their endless margin hikes. The Pan Asian Gold Exchange goes live in June I think, and I can't wait for a little competition in the marketplace.
Congrats on your modest one year gains. But in reality, who the heck invests in one year cycles? Thats speculating, not investing. Investing is long-term, yes, like 30 years, although you still deny people do this. My stocks still outperformed your gold, even yearly. Numbers, as you say, don't lie. Guy
I just finished reading these posts. As a new member of this audience my vote for best performance is a tie between treehugger and cloudsweeper. I lost money on stocks and gold in 2011. I've owned silver for years, so I'm way ahead on silver. I plan on holding my gold and stocks for many more years and maybe they'll turn out like the silver. If not, my kids will get it cheap when I'm gone. ;o)
Lie? What math did you provide here? This is anecdotal evidence that can't be verified or disputed, hence it's pretty irrelevant as an argument. In comparison I posted actual numbers that can be easily verified by anyone. If you are not a bullion investor, then why are you here?
Here's another way to look at it. If you bought gold any time between Jan 1 2011 and Jul 13 2011, and held it through the end of the year, you're at least a little ahead. (Potentially more than a little bit; you could've bought at the low of $1320 on Jan 28, for an 18% gain.) If you bought gold any time between Jul 13 2011 and Dec 28 2011, and held it through the end of the year, you're at least a little behind. (Potentially more than a little bit; you could've bought at the high of ~$1900 on Sep 5-6, for an 18% loss.) All this, of course, assumes that you buy and sell precisely at spot. If you have a good trick for doing that, without any bid/ask spread or commissions or other expenses, I'd love to hear about it. If you're holding gold now, you're gambling that it will rise in the future. You're probably right. If you're selling gold now, you're gambling that it will fall in the future. You're probably right.
Lie...no. I don't usually give out my investment options, but to prove a point I will this once, and I picked perhaps my most conservative stock in my portfolio, NSC (Norfolk Southern Corp). Dec 31 2010 closed at $62.82 Dec 30 2011 closed at $72.86 $10.04 gain per share or +14.22% And thats a very short term look.You can not take the S&P 500 or the DJIA or NASDAQ and equate their numbers toward the stock market in general, as you can plainly see by my one example. And, why am I here if I constantly seem to be bashing bullion "investing", but what is really speculation? So that I might encourage at least a few to study up on sound investment instead of the Vegas style bullion racket. If gold were the answer there wouldn't be any for you or me or anyone in the private sector to buy, because banks and governments would have bought it all long ago and held it as a security. We all know how little gold there is in the world and it's not a stretch to realize just how quickly it would disappear if it were a good investment. The fact that anyone can buy it anywhere at any time says I'm not incorrect. I'm not against buying gold. I'm just stating options that may not be as dangerous. I know a lot of people that thought the tech stocks of the 90's were a sure thing too. Guy
These coins will be an addition to the Eagle series of precious metals coins. Therefore a Palladium American Eagle, such as a Silver or Gold American Eagle. The portrait design of Liberty, from the coin we call a Mercury dime was suggested as a design element on this coin but is not yet approved, should these coins prove marketable in this metal composition. You can follow links to news articles I post in this thread which I will continue to add to as I find related news: [h=1]American Eagle Palladium Bullion Coin Act Introduced in House [/h]
There was a recommendation for an Ultra High Relief (UHR) palladium in 2009 that never materialized also. If PMs continue to adjust lower the marketing feasibility report may conclude with a decision to postpone minting palladium coins for the Eagle series if investors move to other assets than metals and collectors don't show enough support for a new product. The Mint has already overloaded their current product offering, such that most collectors couldn't own all items produced in a given year.
Good lord, really? Every year some investment will be ahead, other years a different one will be ahead. Anyone who invests in any one investment vehicle is simply taking huge risks, much too high a risk for the returns generated. This goes for gold, silver, any stock index, bonds, etc ad nauseum. The simple truth is small investors look what returned the best the last 6 months to a year, and invest in that. This is exactly the opposite of what you should do. Anyone "chasing returns" by only investing in what is hot will forever generate poor results. A balanced portfolio with wide exposure to different elements of the economy is probably best for most. I wonder how many PM posts we will see here bragging about a bad year for returns when there eventually is one? Already a few members stating things like "proving" silver had to be priced at $140 in a year do not post any longer. I am not saying gold, or any other PM is a bad investment, far from it as I own them, (and actually am kind of liking platinum the more it goes down), I am just saying it did ok this year. I actually like the fact it only did ok, since to rapid a rise would indicate unsustainability. Yes gold did better than silver this year, but what about the years before that?
You still haven't made your case as anyone can pick a stock in hindsight and make some sort of argument for it. It's anecdotal at best. There was never a suggestion in this topic that one should or shouldn't make other investments including holding individual stock. I do so myself. I assume that everyone reading this topic is already a "big boy" and doesn't need this kind of basic investment advice from me. This was never a serious topic about investing. Just a tongue and cheek look at how gold did in 2011 vs other popular buy and hold investments. There are people here who constant blow the horn for stocks, yet here we are again where gold has beaten stocks as a long buy. If you want to suggest other options that are better than gold, then you don't need to bash bullion "investing" as you put it. Simply start a topic and state your reasons for why you think XYZ is better. No need to attack me or anyone else to somehow lead credibility to your argument. Either you have a logical case or you don't.
Did you miss the statement in the OP that past results are no indication of future returns? As I said in the post above I assumed this was a forum for "big boys" and thus don't expect any hand holding from me. If anyone takes anything from this topic, is should be that gold is being driven by different factors than those other investments. I've made this argument many times on this forum yet it seems to be the silver investors that continue to ignore this advice at their own peril. If you wish to make a case for silver then I would welcome a topic for why this might be the case. Belly aching about what other people post on this forum really doesn't do that.
you really are a piece of work...you edit other people's postings to add to your argument then do the whole do as I say and not as I do...one thing though I think is funny is your 1st line posted...seeing as this thread is based on past results...why did you make it?
I have no idea what you are asking here. I'll be glad to try and help you, but you first need to be clear about what you want relative to this topic.
