Gold Prices Dropping

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Some knowledge has a very limited shelf life. Very little of the accumulated knowledge of mankind is deathless wisdom.

ruveyn

I think the truth is that there is nothing in this world that is guaranteed to appreciate or even hold onto value.

The closest thing you can make to a truly smart investment is family, and even that is far from guaranteed.

There is no sure thing. Over the long haul gold will probably perform no better than sticking t-bills under your bed.

That's probably why Mr. Buffet invests in organizations that do things.

Also it appears that Carlos Slim goes quite long on treasury bonds. Not just US bonds, several currencies. I can't find any news items that say he has invested in precious metals.

Bill Gates is mostly invested in Cascade Investment Holdings, which seems to own a lot of investments in. people who do stuff. And in berkshire hathaway.

I don't know about Bernard Arnault he is a fashion designer. Maybe he buys trinkets.

Larry Ellison seems to invest in people who do stuff.

I'm not going to go down the whole list of the wealthiest people in the world but i doubt that many of them hold a majority of their wealth in shiny objects.

Gold does float in Mercury, doesn't it???
It's the Millionaires and Billionaires only hope!! !

"Knowledge" well past the "sell by date" goes for a much higher auction price to those non-Liberal power-drunk Faustian-Alcoholic Conservatives. True Everlasting Knowledge, well, no mere mortal wants that. Want another "Wisdom" Apple?

Tadzio

[quote="Tadzio"

"Knowledge" well past the "sell by date" goes for a much higher auction price to those non-Liberal power-drunk Faustian-Alcoholic Conservatives. True Everlasting Knowledge, well, no mere mortal wants that. Want another "Wisdom" Apple?

Tadzio[/quote]

No thanks.

ruveyn

I was reading something just last week, A new gold vault opened in Changi last year. Is Now Full.
Gold weighs 19 tons per cubic meter, how big is that vault?
Depending on what Pt does I might buy a couple ounces, I need a Pt crucible anyway.


20 years ago we had Reagan, Bob Hope, and Johnny Cash. Now we got Obama, no hope, and no cash. --quintago

anyone who doesn't think it's a gamble that gold in that vault is going to retain or increase in value should PM me about an investment opportunity i have regarding some swamp land in florida. And a bridge in NYC.

Gold still flat

By design.

The markets are being seriously tinkered with.

You can't crank out worthless paper at the rate they have been (and are still doing) without impacting it's value.

No one makes money in flat markets.
Unless these evil powers want stability in which case they don't seem that evil.
Actually if Gold has a magical quality it is that it tends to be flat as an investment.
meaning it is a safe investment because it goes nowhere.
The huge spike in gold prices in recent history is uncharacteristic of the commodity
and is actually why I think there is a bubble.
We used to say that an ounce of gold would buy the same amount of bread today as
it would at the time of the roman empire as an argument for the safety of gold.
this of course is not true today.

so what are you investing in?

My 401k is in about six different mutual funds.

It's a gamble too, but so far it seems to be working out just fine.

I also bought a run-down house on a third of an acre in a good neighborhood for slightly less than the land under the house is worth. I know there is absolutely no guarantee that the land will appreciate in value but there is a reasonable chance that over the next 20-30 years it might appreciate in value, and it still beats making payments on some other guy's boat, which was what i was doing when i was renting.

Gold prices creeping back up.
people are still stupid.

It's just the wedding season in India. Always causes a bump in prices.

http://www.currentbusinessnews.net/indi ... -for-gold/

Well, the fact that Gold is not rising in price by its traditional ten percent might suggest a drop in Indian-Wedding-Season-Adjusted Prices.