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 Thu, 18 Mar 2010 00:00:22 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Dave http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-10722 Dave Sat, 12 Sep 2009 17:46:13 +0000 http://blog.geezeo.com/?p=2246#comment-10722 Late to the conversation, but Junger is absolutely correct. Relative to its price, gold has very little intrinsic value (it does have *some* intrinsic value, e.g. jewelry, electronics, etc). It seems like most of the people on this board have no concept of what intrinsic value is. Late to the conversation, but Junger is absolutely correct. Relative to its price, gold has very little intrinsic value (it does have *some* intrinsic value, e.g. jewelry, electronics, etc). It seems like most of the people on this board have no concept of what intrinsic value is.

]]> By: All That Glitters: 3 Reasons To Invest in Gold Now « Geezeo | Write What http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-10564 All That Glitters: 3 Reasons To Invest in Gold Now « Geezeo | Write What Mon, 27 Jul 2009 03:00:47 +0000 http://blog.geezeo.com/?p=2246#comment-10564 [...] the rest here: All That Glitters: 3 Reasons To Invest in Gold Now « Geezeo Tagged as: employment, Finance, gold, insurance, investing, investment, markets, money, [...] [...] the rest here: All That Glitters: 3 Reasons To Invest in Gold Now « Geezeo Tagged as: employment, Finance, gold, insurance, investing, investment, markets, money, [...]

]]> By: jungersux http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-8168 jungersux Wed, 08 Apr 2009 03:11:09 +0000 http://blog.geezeo.com/?p=2246#comment-8168 I suck too. The second set of figures was from April 7, 2009 - not 2008. I suck too. The second set of figures was from April 7, 2009 – not 2008.

]]> By: jungersux http://blog.geezeo.com/2008/10/all-that-glitters-3-reasons-to-invest-in-gold-now/comment-page-1/#comment-8166 jungersux Wed, 08 Apr 2009 02:56:21 +0000 http://blog.geezeo.com/?p=2246#comment-8166 Junger, you are an @ss. Dow Jones: Oct. 16, 2008: 8,979.26 April 7, 2008: 7,789.56 - 1,189.7 Gold: Oct. 16, 2008: $US 805.00 April 7, 2008: $US 882.00 + $US 77.00 So tell me again how the best investment on October 16th (like always) was in stocks. Which stock was that exactly? CITI? GE? GM? I clicked your name and read the rant on your blog about the irresponsible financial media. You should stfu all around. Junger, you are an @ss.

Dow Jones:
Oct. 16, 2008: 8,979.26
April 7, 2008: 7,789.56
- 1,189.7

Gold:
Oct. 16, 2008: $US 805.00
April 7, 2008: $US 882.00
+ $US 77.00

So tell me again how the best investment on October 16th (like always) was in stocks. Which stock was that exactly? CITI? GE? GM?

I clicked your name and read the rant on your blog about the irresponsible financial media. You should stfu all around.

]]> 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.

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