Comments on: All That Glitters: 3 Reasons To Invest in Gold Now http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/ Financial Education | Personal Finance Tips | How To Budget | Reach Your Financial Goals Fri, 09 Jan 2009 23:03:52 +0000 http://wordpress.org/?v=2.7 hourly 1 By: a message board » What the markets is http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5679 a message board » What the markets is Sat, 01 Nov 2008 07:59:13 +0000 http://blog.geezeo.com/?p=2246#comment-5679 [...] after it, in software, you can set it up in a products and just watch my honest review happen. Well, maybe you should start a products. It takes out this way from the markets: One of forex of this [...] [...] after it, in software, you can set it up in a products and just watch my honest review happen. Well, maybe you should start a products. It takes out this way from the markets: One of forex of this [...]

]]> By: junger http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5202 junger Thu, 16 Oct 2008 21:31:14 +0000 http://blog.geezeo.com/?p=2246#comment-5202 @fuel9000 You just made my argument. It has no intrinsic value, only what people will pay for it. @av The best investment right now is stocks, like it always is. You should just be holding on to them for the long run, not wasting your money trying to time the market. PS - it's "your" not "you're" and "it's" means "it is" not "belonging to it" @gb What planet do you live on? Look up the word intrinsic and tell me on what planet it means anything relating to how much cash someone will give you for it. @fuel9000
You just made my argument. It has no intrinsic value, only what people will pay for it.

@av
The best investment right now is stocks, like it always is. You should just be holding on to them for the long run, not wasting your money trying to time the market.

PS - it’s “your” not “you’re” and “it’s” means “it is” not “belonging to it”

@gb
What planet do you live on? Look up the word intrinsic and tell me on what planet it means anything relating to how much cash someone will give you for it.

]]> By: Geezeo: Free Online Personal Finance Management Software, Budgeting Tools, Financial Advice and Community » Blog Archive » 10 (More) Reasons You’re Not Rich http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5101 Geezeo: Free Online Personal Finance Management Software, Budgeting Tools, Financial Advice and Community » Blog Archive » 10 (More) Reasons You’re Not Rich Mon, 13 Oct 2008 18:01:41 +0000 http://blog.geezeo.com/?p=2246#comment-5101 [...] All That Glitters: 3 Reasons To Invest in Gold Now How To Achieve The ‘Get Rich’ Mindset Three Reasons Uncle Sam is Your Investing Partner addthis_url = 'http%3A%2F%2Fblog.geezeo.com%2F2008%2F10%2F10-more-reasons-youre-not-rich%2F'; addthis_title = '10+%28More%29+Reasons+You%26%238217%3Bre+Not+Rich'; addthis_pub = ''; [...] [...] All That Glitters: 3 Reasons To Invest in Gold Now How To Achieve The ‘Get Rich’ Mindset Three Reasons Uncle Sam is Your Investing Partner addthis_url = ‘http%3A%2F%2Fblog.geezeo.com%2F2008%2F10%2F10-more-reasons-youre-not-rich%2F’; addthis_title = ‘10+%28More%29+Reasons+You%26%238217%3Bre+Not+Rich’; addthis_pub = ”; [...]

]]> By: gb http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5092 gb Mon, 13 Oct 2008 01:46:10 +0000 http://blog.geezeo.com/?p=2246#comment-5092 Just a little further reinforcement of Finance Girls advice: (Maybe the Germans have been reading Geezeo) http://www.dw-world.de/dw/article/0%2C2144%2C3698865%2C00.html Investment | 08.10.2008 Germans Stockpiling Gold Amid Market Panic Bars of gold Großansicht des Bildes mit der Bildunterschrift: Gold dealers can't keep up with the demand German gold dealers have stopped taking new orders for the precious metal as demand has skyrocketed. Gold is seen as a safe investment during the market turmoil. In uncertain economic times, Germans are dumping stocks and shares to take refuge in precious metal, accoring to a Wednesday article in a Berlin newspaper. German gold dealers report running low on stocks of gold bars and coins. Heiko Ganss, head of the Berlin branch of gold merchant Pro Aurum, told the Berliner Zeitung newspaper that most gold traders were refusing new orders, as they couldn't meet the current demand. "Demand is running well above our capacity to supply," he was quoted saying, saying retail banks in Germany were also unable to meet demand. "Exploding demand" Gold traded in London at $913 (656 euros) per troy ounce on Wednesday morning, up from $876.75 late Tuesday. "Demand has exploded in the past few days," said Stephan Henkel, a gold broker at Umicore, which presses gold bars and coins and puts them on sale. Delivery times were running at two to four weeks. "Currently, demand is about 10 times what it is at normal times," he said. Just a little further reinforcement of Finance Girls advice: (Maybe the Germans have been reading Geezeo)

http://www.dw-world.de/dw/article/0%2C2144%2C3698865%2C00.html

Investment | 08.10.2008
Germans Stockpiling Gold Amid Market Panic
Bars of gold
Großansicht des Bildes mit der Bildunterschrift:

Gold dealers can’t keep up with the demand

German gold dealers have stopped taking new orders for the precious metal as demand has skyrocketed. Gold is seen as a safe investment during the market turmoil.

In uncertain economic times, Germans are dumping stocks and shares to take refuge in precious metal, accoring to a Wednesday article in a Berlin newspaper.

German gold dealers report running low on stocks of gold bars and coins.

Heiko Ganss, head of the Berlin branch of gold merchant Pro Aurum, told the Berliner Zeitung newspaper that most gold traders were refusing new orders, as they couldn’t meet the current demand.

“Demand is running well above our capacity to supply,” he was quoted saying, saying retail banks in Germany were also unable to meet demand.

“Exploding demand”

Gold traded in London at $913 (656 euros) per troy ounce on Wednesday morning, up from $876.75 late Tuesday.

“Demand has exploded in the past few days,” said Stephan Henkel, a gold broker at Umicore, which presses gold bars and coins and puts them on sale. Delivery times were running at two to four weeks.

“Currently, demand is about 10 times what it is at normal times,” he said.

]]> By: gb http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5091 gb Mon, 13 Oct 2008 01:23:41 +0000 http://blog.geezeo.com/?p=2246#comment-5091 Gold has no intrinsic value? What planet do you live on? Gold and Silver have been used for centuries as currency throughout the world. Our current fiat money (look up the word fiat) is supposed to be backed by gold. Unfortunately, our Congress has abandoned their responsiblities and allowed our fiat curency (through our useless Federal Reserve system) to become practically worthless. Ben Bernanke has stated that he would drop dollars from helicopters to try to keep our economy going. How much value would you give to dollars in that situation. We are rapidly dropping dollars - trillions at a time - the US dollar is becoming worthless. Gold and silver are probably the very best investment you could make during this current financial panic. If you knew anything at all about economics you would understand this. Obviously you do not. Gold has no intrinsic value?

What planet do you live on?

Gold and Silver have been used for centuries as currency throughout the world. Our current fiat money (look up the word fiat) is supposed to be backed by gold. Unfortunately, our Congress has abandoned their responsiblities and allowed our fiat curency (through our useless Federal Reserve system) to become practically worthless. Ben Bernanke has stated that he would drop dollars from helicopters to try to keep our economy going. How much value would you give to dollars in that situation. We are rapidly dropping dollars - trillions at a time - the US dollar is becoming worthless.

Gold and silver are probably the very best investment you could make during this current financial panic. If you knew anything at all about economics you would understand this. Obviously you do not.

]]> By: av http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5090 av Mon, 13 Oct 2008 00:56:22 +0000 http://blog.geezeo.com/?p=2246#comment-5090 haha... junger you've missed the plot entirely. In you're view, currency has no intrinsic value either. You're not talking about an investment anymore. Driving you're hummer to work depreciates its value. So it's worth is not be assessed in relation to it's true return on investment which I would imagine would be modest in comparison to precious metals. According to you, the best investment right now is a tool set. haha… junger you’ve missed the plot entirely. In you’re view, currency has no intrinsic value either.

You’re not talking about an investment anymore. Driving you’re hummer to work depreciates its value. So it’s worth is not be assessed in relation to it’s true return on investment which I would imagine would be modest in comparison to precious metals.

According to you, the best investment right now is a tool set.

]]> By: fuel9000 http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5089 fuel9000 Mon, 13 Oct 2008 00:36:19 +0000 http://blog.geezeo.com/?p=2246#comment-5089 Fgrrl, don't sweat junger - he's just link baiting you to promote his own site. Saying that gold has no intrinsic value is just wrong. It has numismatic value, it's used in electronics and industrial processes and let's not forget all the jewelry people have been making for the past 4000 years. Fgrrl, don’t sweat junger - he’s just link baiting you to promote his own site.

Saying that gold has no intrinsic value is just wrong. It has numismatic value, it’s used in electronics and industrial processes and let’s not forget all the jewelry people have been making for the past 4000 years.

]]> By: junger http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5038 junger Fri, 10 Oct 2008 21:10:34 +0000 http://blog.geezeo.com/?p=2246#comment-5038 1) You could substitute that statement for real estate 5 years ago. Where did that get you? 2) The difference between gold and a Hummer is that a car has a use beyond its monetary value. See above: you can't eat gold or drive it to work. 1) You could substitute that statement for real estate 5 years ago. Where did that get you?

2) The difference between gold and a Hummer is that a car has a use beyond its monetary value. See above: you can’t eat gold or drive it to work.

]]> By: FinanceGrrl http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5034 FinanceGrrl Fri, 10 Oct 2008 18:42:08 +0000 http://blog.geezeo.com/?p=2246#comment-5034 Junger: If you had purchased gold coins at around $500 per ounce in 2006, you could sell those coins today for over $800 per ounce. That's a tidy profit, and FAR exceeds inflation. In the near-term gold is a solid investment. While it's true that gold only has the value that someone will pay for it, the same can be said for ALL goods in the free market, from cars (brand new Hummer anyone?) to toys to dot.com stocks. Gold coins have value for the gold with which they are made, as well as value for coin collectors. Gold is also a commodity that can, and is, used to make jewelry and other adornments. The argument for investing in gold is that it is recognized world-wide as a valuable commodity that can be traded for cash; which you can then use to buy something to drive you to work, or somewhere in which to live. If you are looking to grow your investments during these weak US dollar times, gold is still a great way to diversify. Junger:
If you had purchased gold coins at around $500 per ounce in 2006, you could sell those coins today for over $800 per ounce. That’s a tidy profit, and FAR exceeds inflation. In the near-term gold is a solid investment.

While it’s true that gold only has the value that someone will pay for it, the same can be said for ALL goods in the free market, from cars (brand new Hummer anyone?) to toys to dot.com stocks. Gold coins have value for the gold with which they are made, as well as value for coin collectors. Gold is also a commodity that can, and is, used to make jewelry and other adornments.

The argument for investing in gold is that it is recognized world-wide as a valuable commodity that can be traded for cash; which you can then use to buy something to drive you to work, or somewhere in which to live.

If you are looking to grow your investments during these weak US dollar times, gold is still a great way to diversify.

]]> By: junger http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-5031 junger Fri, 10 Oct 2008 16:15:25 +0000 http://blog.geezeo.com/?p=2246#comment-5031 This is probably the worst financial advice you could ever give someone. The price people will pay for gold has barely kept up with inflation over time. It's not an investment - it's a dumb decision. Gold has absolutely no intrinsic value. It only has the value that someone will pay for it. You can't eat gold. You can't drive gold to work. You can't live in gold. So (although its unlikely to happen), if people stop wanting gold, you're stuck with a bunch of tulips. See: http://en.wikipedia.org/wiki/Tulip_mania This is probably the worst financial advice you could ever give someone.

The price people will pay for gold has barely kept up with inflation over time. It’s not an investment - it’s a dumb decision.

Gold has absolutely no intrinsic value. It only has the value that someone will pay for it. You can’t eat gold. You can’t drive gold to work. You can’t live in gold.

So (although its unlikely to happen), if people stop wanting gold, you’re stuck with a bunch of tulips.

See: http://en.wikipedia.org/wiki/Tulip_mania

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