Will gold ever be profitable again?

By affordable I mean 700 -800?

 

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it may or may not.

 

Well, $1600 is definitely better than $1900, but that's only if you're buying

 

I would be shocked if it ever fell under $1000 again.

 

Wow, very insightful!!

 

gold is cheap now. when it's $2500/oz what question will you be asking then

 

if the economy gets better im sure it will drop but our government will have to get out of its 16trillion dollars of debt first. probably not gonna happen in most peoples lifetime

cody

 

Gold is always the same cost. It's your dollars that change. Now is as good a time to buy as any other time has been or will be, so will tomorrow be, and so was yesterday.

 

Profitable or affordable? Those are two entirely different words.

profitable - possessing the potential to turn a profit

affordable - inexpensive; reasonably priced

 

Instead of waiting for gold to do something that fits your magic numbers, try to make yourself more profitable. Then gold may appear more affordable given your budget and what you can afford to lock up in metals.

 

This I totally disagree with - the value of gold is not static. Its value is dynamic changing every day - else the silver/gold ratio, gold/oil ration, gold/corn ratio, gold/new home ratio would remain constant. Also holding gold as with any investment has opportunity costs associated with it. From 1980 to 2002 (22 years)the opportunity cost of holding gold were enormous.

 

Gold wasn't the same value even when gold was money. It depends on supply and demand, just like everything else.

 

Nobody knows the future for certain, but my considered opinion is that you will never see $800 again in your lifetime. Gold was significantly undervalued a dozen years ago for a variety of reasons, and is probably about fairly priced now. I still think it will go higher since the long term bull market is still in place, but gains from here seem mostly speculative to me.

 

Yes, demonstrably so.

Gold never changes in value ONLY if you subscribe to the premise that only gold is money, and everything else is valued in it. Whatever is 'money", and is the pricing agent, never changes value. Everything else always will change versus that item, (whatever it is).

I myself do not subscribe to this notion. I am pragmatic, and accept that whatever I get paid in, can go into a store and buy what I want with, even what I can walk into a coin show any buy gold with, is "money". Everything else is simply items I buy with "money". How many times has someone walked into a grocery store and paid with a 1/10th ounce AGE?

Now, is USD a good thing to invest in? Heck no. If you wish, exchange them for gold as you please, but I simply do not believe anything other than USD are money in the US.

Btw, if anyone wishes to argue that gold is money, please go to the store any buy something with it. Yes, eventually they may accept it if they check it out and prove the gold is worth more than the USD bill, but this is barter, not money. Money is what your bill is priced in, what is accepted without question as to amount. Money is primarily the medium of exchange, and in the US nothing is that except for the USD. Again, the beauty of this system is that you can use USD to buy all of the PM that you want, (or groceries, or rent, or gas, you know, the little things).

 

duplicate

 

Oh, very well.

"Will EVERYTHING ELSE IN THE WORLD (especially dollars) ever become twice as expensive, so that my wages and cost of living will be twice their current level (relative, of course, to gold)?"

There, is that better?

 

Even if only gold is money - then should it not be subject to forces of inflation and deflation based on the demand and supply for money?

 

I can't determine what you are trying to say with this, but I will respond to your question this way. Some people here often like to claim they would rather hold toilet paper instead of gold as a currency so Gresham's Law leads one to conclude this:

At some point $s will become so worthless, that it will cost less to use them directly to wipe the excess fecal matter from your anus instead of using the dollars to purchase toilet paper. Of course, that gubment paper might clog up your pipes. ​

So don't squeeze the Charmin. You can't afford it now.

Maybe this will clear it up.

 

Monetary inflation & deflation are not caused by demand. This is an obfuscation put forth, now for decades, by central banksters to hide the fundamental flaws of the system they run which requires constant inflation in order to avoid a collapse.

 

Well, one, Gresham's Law only applies to money so its irrelevant to discussions about gold. Second, yes, of course, in a normal inflationary environment $1 will eventually be worthless. So what? The penny is worthless now, eventually the $1 will be, eventually the $10 will be, and so on.

All along the way, only the USD will be "money" in the US. Gold will continue to only be a commodity. Until such day that there is a standard coin struck in gold that everyone accepts the denomination to stand for X purchasing power, gold is the same as wheat, cotton, oil, and wood pulp, except its more storable.