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Gold within a hair of new record high in $s (Metal of Kings)
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<p>[QUOTE="medoraman, post: 1224420, member: 26302"]I understand where you are going with that thought, but to me, (without any bad connotations to words):</p><p><br /></p><p>Investing - Understanding a market and putting money in with the expectation of growth that will yield increased returns</p><p><br /></p><p>Speculating - Intelligently buying an asset believing it will be worth more at some point in time</p><p><br /></p><p>Gambling - Blindly buying an asset with little information hoping it goes up</p><p><br /></p><p>To me a lot of "investing" and "speculating" is really gambling, the line between them is level of education and understanding of the markets. This is what I am trying to say I guess. If you wish to put "investing" and "speculating" into the same boat because of some connotations "speculating" can have, that is fine. To me they are both worthwhile ways to use money intelligently, with the alternative of blindly buying in either case is really gambling.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1224420, member: 26302"]I understand where you are going with that thought, but to me, (without any bad connotations to words): Investing - Understanding a market and putting money in with the expectation of growth that will yield increased returns Speculating - Intelligently buying an asset believing it will be worth more at some point in time Gambling - Blindly buying an asset with little information hoping it goes up To me a lot of "investing" and "speculating" is really gambling, the line between them is level of education and understanding of the markets. This is what I am trying to say I guess. If you wish to put "investing" and "speculating" into the same boat because of some connotations "speculating" can have, that is fine. To me they are both worthwhile ways to use money intelligently, with the alternative of blindly buying in either case is really gambling.[/QUOTE]
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