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gunbuyer · Posted: Wed Dec 14, 2011 8:49 am Post subject: GOld and Silver

If you have money laying around go buy some silver and gold! Silver 29 and gold 1609 last I checked!!!!!!!!!!!! Last time I mentioned this people that listened could have a made a 12% Not a bad return in a few months... I think it might keep going down for another few days but that is only speculation. Actually everything I said above except for the previous 12% return is speculation!!!!!!!!!!!!!

Mad Dog · Posted: Wed Dec 14, 2011 11:48 am Post subject:

Gunbuyer, you may be right, I don't know. I have very little confidence in historical performance number right now.

For most of my career in banking I have watched these precious metals move up and down as a hedge to inflation and generally contrary to the DJI. When the DJI moved up folks sold out of gold and bought into equities. When the DJI move down they went back into gold. Obviously when the market wants to buy the price goes up. Now though, none of my previous experience seems to be worth much. I track the DJI, S&P, Gold, a few personal investments. Everything seems to track in almost lock step. I see DJI up 1% there goes Gold right along with it. Even my stocks that were bought on their price to intrinsic value gap (good longterm investment potential) have the same volatility as the market in general. So, I can only guess that our current markets are driven, not on fundamentals but by those who trade on volatility. There may very well be no such thing as an investment market right now. To much free for all trading. That is the market people need to know they are buying into. I have strong doubts that historical trends mean much, right now.

MD Wink

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Chef Lefty · Posted: Wed Dec 14, 2011 12:51 pm Post subject:

Here is absolutely the best investment advice I have ever received...

Al Czervik from the movie Caddyshack. Gets a call on the golf course from his broker...Hello. It's my broker. What? Then buy, buy, buy! Oh, everyone's buying? Then sell, sell, sell! Wink

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gunbuyer · Posted: Wed Dec 14, 2011 1:46 pm Post subject:

I buy and sell on the volatility. I have done ok with this method. If you buy low sell high back and forth it seems to work but I do miss out on dividends... Overall, I need to buy and hold but boredom gets the best of me. I have done the math and found that regarding stocks if I held what I bought rather than taking small %'s over a day week or month I would have ALOT more money!!! Oh well...

My new plan is to save 1000 a month for the next 25 years hoping for a measly 4% compounds to 500,000 at the ripe old age of 51. Left untouched another 12 years with no additional contributions it turns to 800,000. Not sure what the best/safest account is to start saving in. I was thinking just CD's and or those bank accounts that have high introductory APY's. Any advice is appreciated.

Not sure the best way to be taxed the least is... I was told about ROTH IRA's by Skipper but I have not done my homework yet...

Tyler · Site Admin Joined: 06 Mar 2006 Posts: 12865

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Tyler · Site Admin Joined: 06 Mar 2006 Posts: 12865

http://news.yahoo.com/gold-falls-off-cliff-margin-calls-cream-speculators-211556157.html
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