Comments on: Invest in Gold (I) — Where to Buy Gold, Kitco or Bullion Direct? http://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gold Bullion Buffalohttp://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/#comment-40492 Gold Bullion Buffalo Wed, 20 Feb 2008 01:15:57 +0000 http://www.thesunsfinancialdiary.com/2007/02/06/invest-in-gold-i-buy-gold-2/#comment-40492 The way that graph looks, gold may hit the $1k mark by mid 2008. Does anyone think that the "tax relief refund" that we're getting will truely help the economy? The way that graph looks, gold may hit the $1k mark by mid 2008. Does anyone think that the “tax relief refund” that we’re getting will truely help the economy?

]]> By: The Sunhttp://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/#comment-2343 The Sun Sat, 10 Feb 2007 04:00:29 +0000 http://www.thesunsfinancialdiary.com/2007/02/06/invest-in-gold-i-buy-gold-2/#comment-2343 The reason I added TGLDX to my investments was, as you said, to get some diversifications as the correlation between gold and general markets is quite week, in addition to the excellent growth in the recent years. However, as you experienced, holding too much of the metal may not be a very good idea as nobody know what the demands will be in next two, five, or ten years, though there are predictions that the demands are increasing. The stock market can follow the economy to grow, but gold may sideline when the economy is good. It's very stable, so the price may not appreciate for very long time. The reason I added TGLDX to my investments was, as you said, to get some diversifications as the correlation between gold and general markets is quite week, in addition to the excellent growth in the recent years. However, as you experienced, holding too much of the metal may not be a very good idea as nobody know what the demands will be in next two, five, or ten years, though there are predictions that the demands are increasing. The stock market can follow the economy to grow, but gold may sideline when the economy is good. It’s very stable, so the price may not appreciate for very long time.

]]> By: Tabhttp://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/#comment-2301 Tab Fri, 09 Feb 2007 01:09:39 +0000 http://www.thesunsfinancialdiary.com/2007/02/06/invest-in-gold-i-buy-gold-2/#comment-2301 Back in the 80's I got hooked into the silver swing and all the hype that silver was going to go ballistic as it cost more to mine it than you could buy it for. Anyway I invested and over a period of about 6 mounts acquired about 450 ounces of bullion. At the time silver was probably in the $6. Long story short I held on to that silver for a LONG time and finally sold it and only broke even. Like you said there is no adjustment for inflation. I have also toyed with buying gold and gave it some pretty good thought first of the year and didn't, then saw it jump up $50, $75 then $100. I am unsure at this point. I do also own a couple of thousand in Tgldx. One thing for sure you can pretty much figure when your other funds are in the tank for the day Tgldx will help recover them. Love your site and info you provide. Back in the 80′s I got hooked into the silver swing and all the hype that silver was going to go ballistic as it cost more to mine it than you could buy it for. Anyway I invested and over a period of about 6 mounts acquired about 450 ounces of bullion. At the time silver was probably in the $6. Long story short I held on to that silver for a LONG time and finally sold it and only broke even. Like you said there is no adjustment for inflation. I have also toyed with buying gold and gave it some pretty good thought first of the year and didn’t, then saw it jump up $50, $75 then $100. I am unsure at this point. I do also own a couple of thousand in Tgldx. One thing for sure you can pretty much figure when your other funds are in the tank for the day Tgldx will help recover them.
Love your site and info you provide.

]]> By: The Sunhttp://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/#comment-2234 The Sun Wed, 07 Feb 2007 04:40:04 +0000 http://www.thesunsfinancialdiary.com/2007/02/06/invest-in-gold-i-buy-gold-2/#comment-2234 The benefit of having a small portion of the assets in precious metal is obvious as it has a weak correlation with the general market ("my returns for owning gold companies has lagged behind my other stock returns"). The question is in what form. Owning gold mining stocks, mutual funds, or ETFs are flexible in terms of buy and sell, but I think they are not really gold. That being said, I don't think I will become a full scale investor in gold or anything close to that. Maybe just get a couple of coins :D. The benefit of having a small portion of the assets in precious metal is obvious as it has a weak correlation with the general market (“my returns for owning gold companies has lagged behind my other stock returns”). The question is in what form. Owning gold mining stocks, mutual funds, or ETFs are flexible in terms of buy and sell, but I think they are not really gold. That being said, I don’t think I will become a full scale investor in gold or anything close to that. Maybe just get a couple of coins :D .

]]> By: Super Saverhttp://www.thesunsfinancialdiary.com/investing/invest-in-gold-i-buy-gold-2/#comment-2230 Super Saver Wed, 07 Feb 2007 02:22:08 +0000 http://www.thesunsfinancialdiary.com/2007/02/06/invest-in-gold-i-buy-gold-2/#comment-2230 Sun,Nice post about how to own gold. Another way to "own" gold is to buy shares in a company that mines gold. It's more liquid than owning the metal and provides a little bit of leverage since share prices sometimes rise faster than the price of gold. A caution is there is more risk, because owning one or two companies is less diversified. (For example, my returns for owning gold companies has lagged behind my other stock returns :-(At this time, I consider gold a hedge versus an investment. I have some shares in a gold company just in case there is a market "disruption." For now, I think the economy and the stock market will be fairly strong for the next 6-9 months.Good luck on your gold investment. Sun,

Nice post about how to own gold. Another way to “own” gold is to buy shares in a company that mines gold. It’s more liquid than owning the metal and provides a little bit of leverage since share prices sometimes rise faster than the price of gold. A caution is there is more risk, because owning one or two companies is less diversified. (For example, my returns for owning gold companies has lagged behind my other stock returns :-(

At this time, I consider gold a hedge versus an investment. I have some shares in a gold company just in case there is a market “disruption.” For now, I think the economy and the stock market will be fairly strong for the next 6-9 months.

Good luck on your gold investment.

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