Gold?

[Gia08]

What do you guys think about gold? I know the price has gone down but the economy is still shaky with everything that is happening with Europe.
My financial advisor made me sell my gold but some people believe that you should hold onto it as the price will sky rocket again. I personally think some of your portfolio (10%) should have some gold, so I dont understand why he sold? He obviously just wanted to make a commission...

Thoughts?

 

[needinit]

What do you guys think about gold? I know the price has gone down but the economy is still shaky with everything that is happening with Europe.
My financial advisor made me sell my gold but some people believe that you should hold onto it as the price will sky rocket again. I personally think some of your portfolio (10%) should have some gold, so I dont understand why he sold? He obviously just wanted to make a commission...

Thoughts?

You have a bad relationship with your Financial Advisor if he Made you sell and you don't understand WHY - doesn't he work for you and if you don't understand why he is 'suggesting' something then it is up to you to ask! (plus he is your 'employee', not the other way round)!!!

 

[peter4025]

Gold will be over $2000 by summer nxt year.

 

[rafterman]

The price of gold will be volatile.

 

[nottyboi]

The price of gold will be volatile.

the price of gold will go up.. or down.. and if it goes up.. it may go down later.. or it may not..

 

[msog87]

What do you guys think about gold? I know the price has gone down but the economy is still shaky with everything that is happening with Europe.
My financial advisor made me sell my gold but some people believe that you should hold onto it as the price will sky rocket again. I personally think some of your portfolio (10%) should have some gold, so I dont understand why he sold? He obviously just wanted to make a commission...

Thoughts?

your financial advisor is horrible, and obviously doesnt understand economics or the current market or he just wanted commission. do yourself a favour and start listening to peter schiff and marc faber. gold just had a correction, its going much much higher. gold goes up when interest rates are below the rate of inflation. the u.s. is about to print alot of money calling it qe3, and your advisor tells you to sell when the price of gold is about to explode. if you want to save face buy some silver as it outperforms gold to the upside, or buy the mining shares which are very very cheap compared to the price of gold

 

[SkIbUm]

I believe that you should get back into a Gold fund. I have a very, very smart friend, who is brilliant with his own investments. He told me (against the advice of his own employees) to take a part of my portfolio and put it into gold. This was approx. 2 years ago. I have made a lot of money listening to his advise.

I received my statement today and as I don't watch this particular fund, I was shocked to see that it had a huge decline. I immediately called my friend and he said that "sunnier days are soon upon us". He has invested very heavily in Gold, so I'm in for the long run.

 

[msog87]

I believe that you should get back into a Gold fund. I have a very, very smart friend, who is brilliant with his own investments. He told me (against the advice of his own employees) to take a part of my portfolio and put it into gold. This was approx. 2 years ago. I have made a lot of money listening to his advise.

I received my statement today and as I don't watch this particular fund, I was shocked to see that it had a huge decline. I immediately called my friend and he said that "sunnier days are soon upon us". He has invested very heavily in Gold, so I'm in for the long run.

yeah gold stocks have been crushed, ppl thought gold was gonna collapse and the stocks got sold off, they are a huge bargain....just hang tight

 

[Big Sleazy]

Be careful with the ETF's as many of them are frauds that don't actually back the gold with the physical. The reality is that the markets are rigged every day. It includes commodities, equities, Bonds, Treasuries etc.... I've come to the conclusion that we no longer have free markets that are fairly traded on a day to day basis. There using high frequency trading and sophisticated algorithms to front run the trades. I read an article on www.zerohedge.com a few weeks ago where they sowed that in a single day on the NSDX 86% of the trades that day did not have a buyer and a seller. Only 14% of the trades were real.

Do yourself a favour and contact www.centralmetalscorp.com and take the physical. When this thing goes BOOM you'll find out that those pieces of paper and electronic blips on a computer screen isn't actually representative of money.It's all a giant ponzi scheme and one day the music is going to stop.

BS