Explain gold investing to me??

[MossRoad]

I think I'll continue to listen to Mr. Buffett for advice when it comes to precious metals....
Warren Buffett: Why stocks beat gold and bonds - The Term Sheet: Fortune's deals blogTerm Sheet

 

[Kryton619]

Just be aware that gold is a commodity that goes up and down, and selling it will require a hefty broker fee. If you bought gold at $1700, you already have lost 20% of your money, and by the time you get it sold you will lose another 10%.

If you are going to buy gold, wear it.

Why would you need a broker to buy or sell gold? I purchase at or just above spot price, and can always sell at spot.

I think I'll continue to listen to Mr. Buffett for advice when it comes to precious metals....
Warren Buffett: Why stocks beat gold and bonds - The Term Sheet: Fortune's deals blogTerm Sheet

Good luck with that!

 

[MossRoad]

Good luck with that!

I've had extremely good luck with that, so I'll stick to it.

 

[grsthegreat]

I've had extremely good luck with that, so I'll stick to it.

same here. But im getting a bit scared about the market. not enough to buy gold, but thinking of getting out for a bit and see what happens. I have lots of $$ invested. little nervous

 

[grsthegreat]

I've had extremely good luck with that, so I'll stick to it.

same here. But im getting a bit scared about the market. not enough to buy gold, but thinking of getting out for a bit and see what happens. I have lots of $$ invested. little nervous

 

[SPIKER]

same here. But im getting a bit scared about the market. not enough to buy gold, but thinking of getting out for a bit and see what happens. I have lots of $$ invested. little nervous

Same here but I am not "getting out" I'm rotating into high yielding dividend plays (bought EXC) (FE) and (FCX) over last month. Some material stocks have really gotten knocked down in last month like (CLF) (WLT) who are latched to STEEL (ore / metal coal) and China who will be turning around as Summer comes in and construction picks back up in northern hemisphere. I cut some of my (BAC) and closed a good number of my profitable speculative plays. I have held onto some of my (ANV) and picked up a couple gold miners/precious metal miners such as (PAL) ( SWC)

I'm looking at trimming into APR and be 25%~75% cash/high yielding utilities that are at or near their year lows now.

Mark