Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold within a hair of new record high in $s (Metal of Kings)
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 1241465, member: 3011"]This sort of comment [and there have been several so I'm not picking on anyone] doesn't make sense to me. Nothing is inherently an investment or speculation except that price will make it so. Silver was a very good investment at $5 because it was selling below the cost of production. Gold was a very good investment at $400 for similar reasons. Most of the producers were losing money, so it was obvious that either prices had to move higher or the world would have to do without new production. But when gold is at $1700+ and silver at $35+, both are speculations. If you believe there is safety in buying gold at present prices, and think you are investing when you are really speculating, there is a tremendous risk that you won't react properly to future price changes.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1241465, member: 3011"]This sort of comment [and there have been several so I'm not picking on anyone] doesn't make sense to me. Nothing is inherently an investment or speculation except that price will make it so. Silver was a very good investment at $5 because it was selling below the cost of production. Gold was a very good investment at $400 for similar reasons. Most of the producers were losing money, so it was obvious that either prices had to move higher or the world would have to do without new production. But when gold is at $1700+ and silver at $35+, both are speculations. If you believe there is safety in buying gold at present prices, and think you are investing when you are really speculating, there is a tremendous risk that you won't react properly to future price changes.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Gold within a hair of new record high in $s (Metal of Kings)
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...