Thoughts on investing in gold/silver

[CosmoAU]

I believe that KUBTF is the symbol for the Kubota stock that trades on the Japanese market (the Nikkei) with a price denominated in yen.* KUB is the symbol for Kubota's ADRs (American Depository Receipts) that trade on the NYSE and with a price denominated in dollars.

This makes sense.* The info that Ken put up was what I had found.I didn't ever think I could beat the market buying individual stocks, just thought it might be interesting.* Heck, I know my retirement plan involves "welcome to wal-mart" or "would you like fries with that?":laughing:* Maybe not, but I've never really seen myself as retirement potential.

 

[smstonypoint]

This makes sense.* The info that Ken put up was what I had found.I didn't ever think I could beat the market buying individual stocks, just thought it might be interesting.* Heck, I know my retirement plan involves "welcome to wal-mart" or "would you like fries with that?":laughing:* Maybe not, but I've never really seen myself as retirement potential.

It's never too early to start an investment program for retirement. The earlier you start, the better.

Steve

 

[mjarrels]

I have an old tackle box in the garage full of silver coins... I have not researched the value of the possible rare coins, but the silver alone is probably worth big $. I also have a few kenya shellings, not supposed to remove them from the country... but I did. Gold in those coins.

mark

 

[beppington]

In doing so, you ignored the evidence from the poster's link -- the S&P underperformed Treasuries from the end of 1999 to the end of 2009. That's a ten-year period if my math is correct.

I agree that 2009 minus 1999 equals 10! :laughing:

I admit I breezed thru bp flick's post too quickly, & actually missed that he even posted a link. Now that I read the link, I say: Sigh, that's too bad, because I don't feel it much changes the stock market's performance historically or potential future. I imagine there were other times when the 10-year performance of the stock market got very close to equalling or being beaten by other investments, it just never actually happened.

What this means, assuming it's factual, is that financial advisors have one less definitive, easy-to-understand statement they can use when advising folks about the benefits of the stock market.

Edit: Rather than definitively stating "10-year period", I should've written it like this article: "Over the long term, stocks have historically outperformed all other investments. From 1926 to 2010, the S&P 500 returned an average annual 9.8% gain. The next best performing asset class is bonds. Long-term U.S. Treasurys returned, on average, 5.4% over the same period."

 

[Gil Case]

I think that when Gordon Liddy is the spokesperson for gold the bubble is about to burst.

 

[tallyho8]

We are talking about two different things here.
1. Making money
2. Investing money

Everybody that I personally know who is "rich" got rich from real estate investments.

Everybody I know that plays the stock market is "rich" already. (made their money in real estate)

There will always be more stocks to buy, there will never be more land.

 

[beppington]

Everybody that I personally know who is "rich" got rich from real estate investments.

Everybody I know that plays the stock market is "rich" already. (made their money in real estate)

The richest man in the world (or whatever # he is now), Bill Gates, got rich from the stock market. Not the same way I've been writing about, but definitely not from real estate.

There will always be more stocks to buy, there will never be more land.

Just being funny here, but have you not seen this? Or this?

:laughing:

 

[/pine]

...for gold the bubble is about to burst.

The price of gold is directly related to supply and demand...the only way there could be a "bubble burst" effect...is if everyone that currently owns gold started selling it and they did not care what they got for it...

The more people that buy at high prices...the less likely they are to sell it at a loss...

There will be no bubble burst effect in gold like there was in other sectors...

 

[MossRoad]

Good one!!:laughing:

I've seen snippets on the History Channel about the Mayan calender predicting some sort of apocalypse in 2012. What sort of precautions are you taking?

Steve

Now that is hilarious! :laughing:

Thanks! You've been a good crowd. I'll be here all week. Be sure to tip your wait staff. :thumbsup:

Back in 1999 I was giving my neighbor some produce out of my garden. He said something like "Shouldn't you be keeping this food for Y2K?" and laughed. I replied with a very straight face "All I have to do is keep you fat..." He laughed, then got kind of uncomfortable looking! :laughing:

 

[beppington]

I made up this scenario. What do you think?