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Old    Arek (splashbenidorm)      Join Date: Apr 2007       04-22-2013, 10:14 AM Reply   
Ask your friend to get himself a Cablepark!
Old    RileyBangerter (steezyshots)      Join Date: Feb 2008       04-22-2013, 10:22 AM Reply   
Quote:
Originally Posted by jason_ssr View Post
Why is this a shock? Gold has never been anything but a hedge against inflation. Those using it in this manner for the entire year are still going to end up ahead. Whats the fuss?

Jo Schmo

Just wants to be right, and then he wants to sell his investment property.

Gold is really just a tool for hedging inflation 5-10% of someones portfolio should be gold for this reason.
Old    Jo Shmoe (joeshmoe)      Join Date: Jan 2003       04-22-2013, 12:04 PM Reply   
"Those using it in this manner for the entire year are still going to end up ahead."
Not This year!
"Gold is really just a tool for hedging inflation 5-10% of someones portfolio should be gold for this reason."
True.
Jo Shmoe Was right about Gold!
Riley, why would I sell my investment property when the property market has bottomed out? I had zero investment in the property that I was talking about earlier. I will wait several more years until the market rebounds to sell my property and until then I will just rent them out. Now is the time to Buy property! opportunity of a lifetime!
Old    Jo Shmoe (joeshmoe)      Join Date: Jan 2003       05-18-2013, 4:52 PM Reply   
This, a month after Gold Dropped like a rock.
“Gold is going to get crushed”
http://www.bloomberg.com/news/2013-0...it-suisse.html

Riley said,"Jo Schmo just wants to be right, and then he wants to sell his investment property."
Riley,
It appears I was/am right and
Why would I sell my investment property when the property market has bottomed out? There are people that desperately need money and they are willing to sell their properties at very low prices, the housing market has been beaten down over the last several years, and has started to recover in several areas. Good neighborhoods will continue to increase in value and poor neighborhoods not so much.
Old    Taylor Jensen (wakeboardertj)      Join Date: May 2005       05-21-2013, 9:34 PM Reply   
paper gold markets may be gone but I wouldn't count out physical gold just yet. Might just be a play on the speculation that QE will be reduced, which is probably hopeful thinking that our economy won't collapse without it. Meanwhile China has been buying gold in mass....
Old    Justin Sohn (SidebarEyewear)      Join Date: May 2013       05-23-2013, 3:10 PM Reply   
Gold prices will not rise back at 'pre historic' rates until the economy stabilizes. RIght now the equities market is peaking and testing new waters. There is always a recess period after reaching new heights like the DOW has in the past few months. Stay clear of Gold for a while. Don't buy consumer good equities, I'de look into AI if I were your buddy.
Old    Andy Graham (ottog1979)      Join Date: Apr 2007       06-28-2013, 5:35 PM Reply   
More gold fun...
http://www.cnbc.com/id/100851209
Old    RileyBangerter (steezyshots)      Join Date: Feb 2008       07-01-2013, 11:24 AM Reply   
Buy more now at a discounted rate, do some dollar cost averaging. Interest Rates will be going up in 2014. (everything i have read and studied says they will hit double digits) That will cause home prices to fall again. Who knows what the Stock market will do, but I am guessing it will go up and down up and down for a few years before a big drop. Gold always has been and always will be a hedge against inflation... If you are expecting double digit returns in a short amount of time you are delusional. You should have about 10% of your portfolio in Gold and Silver
Old    Eric (DenverRider)      Join Date: Feb 2013       07-01-2013, 5:08 PM Reply   
Gold is a short term investment. Commodities investment is not for the average investor. You have to chart it and have a target projection based on real research. Double digit interest rates won't happen unless the economy is chugging along so well that people like us don't even need credit because we can pay cash for a 300K house. If you are basing your investment decisions on the fear of the masses then you probably don't have what it takes to invest. Two things that should NEVER influence your investment decisions are fear and greed. The market will eat you alive. Smart investors will certainly take your money though if you insist on giving it to us. The market is a zero sum game so we always need losers to feed it in order for people like me to gain.
Old    Jo Shmoe (joeshmoe)      Join Date: Jan 2003       07-01-2013, 6:35 PM Reply   
Eric, 5 years ago it was a no brainer where to put your money, put your money in stocks, not in real estate because the stock market was going to rebound much more quickly than the housing market. Well the stock market is at an all time high. so I guess you have to be more selective with which stocks you buy or you could be really stupid, and put all your money in gold. Houses have bottomed out and should only go up in value, Interest rates will Not be in the double digits in 2014, if you buy a place now and rent it out it could pay for itself! Why not buy property?
Old    Jo Shmoe (joeshmoe)      Join Date: Jan 2003       09-21-2014, 12:39 PM Reply   
Well, its been another year and I believe Gold is STILL in decline. Expect it to go down even further!
Barry Waste stated,
"Until you grasp the concept of cost vs. value in commodities you're doing a disservice to the audience continuing to give financial advice.
Sadly, it's been six month (18months now)and you still haven't taken the time to educate yourself."
Well my friend Warren, backs me up with my thoughts on Gold.
http://www.usatoday.com/story/money/...gold/15909821/
This article should put to rest whether you should invest in gold.
I make no attempt to "teach" economics(even though I appear to know more than Barry), these are just my thoughts on Gold.

So, If you had $50,000 to invest, do you put it in stocks(on the next downturn)? I would not invest a dime at this point, or do you pay off the trailer you just bought in Florida?(Interest rate on trailer loan is 3.25)
Right now I am leaning to hold on to the cash, and when the market crashes again, jump in on a good fundamental company, and then what company do you go with when the Market crashes? Please nobody say gold.
Old    Nacho (denverd1)      Join Date: May 2004       09-25-2014, 11:16 AM Reply   
Gold's only play was on the way down during fear-cession. Weak dollar, weak jobs market,weak economy, gold did fine. Not likely to ever repeat unless we see a confluence of similar issues.

I'm buying select equity positions and looking at real estate locally.

What, you don't like gold?

Last edited by denverd1; 09-25-2014 at 11:18 AM.

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