Free Investment Tip
 

Oil & food prices are killing us & stocks & bonds are rigged, but one thing is for sure--Precious Metals especially GOLD!

Some analysts think Gold is undervalued & should be about $3,000 an ounce vs $800 an ounce now.

A friend said that one should buy gold coins especially as they are a good investment and should the economy tank can be a good form of currency should paper currency lose favour.

This little tip free courtesy of your Brother in the Great White North.

Re: Free Investment Tip
 

Good advice to consider,I'd say.

As the dollar falls, gold prices tend to go up. I think having a certain amount of gold in one's investment portfolio is a good thing. I think its bad though, when some people empty their entire investment or retirement accounts and put it all in gold. That can be a recipe for utter disaster, especially for someone close to retirement age.

Re: Free Investment Tip
 

I don't ever see us going back to the gold standard, so the only value of gold is as jewelery imo.

Re: Free Investment Tip
 

Gold standard or no, Gold still carries value and is recognized the world over.
Gold is undervalued & it would be prudent to have some investments in it.

Re: Free Investment Tip
 

Aluminum prices have gone up. You can get 75 cents a pound now where last year it was 45 cents! LOL!

Re: Free Investment Tip
 

Besides, gold always has intrinsic value.
It will never be worth zero.
On the other hand... in times of hyperinflation, paper money can become almost worthless.
(not that I'm expecting hyperinflation any time soon.)

Re: Free Investment Tip
 

True, the good thing if one gets Gold in coins, not only is it an investment in Gold but it can be used as currency.

Re: Free Investment Tip
 

Look at the price of Platinum lately?

Re: Free Investment Tip
 

So true.

AS for the last part, one never knows.

Re: Free Investment Tip
 

Commodities traders (and speculators) have been making a killing the last couple of years.
Gold, platinum, oil... corn up 72% the past year, wheat up 68%, soyabeans up 85%.... you name it.

The rich will always have ways of getting richer, in any economy.
(Not that I'm hating... just stating a fact)

Re: Free Investment Tip
 

While I hate greed, I am sold on Gold as a hedge against going flat broke when the economy tumbles (worldwide) & regular currencies take a hit.

Protecting ones self is the order of the day.

Re: Free Investment Tip
 

Just buying Euros would have been easy for even the the small investor.

The Euro has gone up 25% against the dollar just the past 2 years.

(sigh)...Hindsight is such a beautiful thing :O)

Re: Free Investment Tip
 

Gold is a traded commodity like oil is.

And guess what? They still mint gold coins in some countries

Re: Free Investment Tip
 

Yep....actually unless you have a wad of cash buying gold is almost out of reach for most other than an ounce or two...

Now had you taken that money and traded it in the Forex on Euros you might have some extra cash in your pocket as we speak

Re: Free Investment Tip
 

I know they do in Canada.

Re: Free Investment Tip
 

Yep :-)

Re: Free Investment Tip
 

RETIREMENT PLANNING FOR 2008

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.



With Enron, you would have had $16.50 left of the original $1000.00.

With WorldCom, you would have had less than $5.00 left.



If you had purchased $1000 of Delta Air Lines stock you would have $36.00 left.



But, if you had purchased $1,000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling REFUND, You would have had $214.00.



Based on the above, the best current investment advice is to drink heavily and recycle.



It's called the 401-Keg Plan

Re: Free Investment Tip
 

SH, I'll have to pass on your excellent investment tip. No comment.........

Re: Free Investment Tip
 

Nortel and Delta might be good buys right now.


Rich people buy stocks when everyone else is selling.

Re: Free Investment Tip
 

that is true, if you have the guts, gold is down 20 percent off its high right now, we dont know which way it will go, never a bad idea ot have some, lol, it is shiny and valuable, you just cant eat it, and bro ron i love you, but the stock and bond market is not rigged, if it was, oh well, only conspiracy freaks believe that, dt:boxing

Re: Free Investment Tip
 

I wish it was rigged! we could then figure out the rig and ride the tide! LOL! talk about easy money.


DT, I am afraid this thinking goes back to the basic fundimentals of economics.

people who fall for socialism fall for mercantilism and thus they believe for every winner, there must be a looser. This is simply false.

Re: Free Investment Tip
 

I bought platinum metal in 1998 @ $449.00. Baby won't you look at it now??? $ 2054.00 Woo!! Hoo!! . They tried to get me to buy Paladium, glad I didn't . $ 438.00.

Re: Free Investment Tip
 

very true my friend, the place where there is always a loser for every winner is cattle futures, just ask hilary clinton, she knows, lol, dt

Re: Free Investment Tip
 

You can also buy ETFs in gold.

You can also buy silver