Investing in Gold?

Investing in Gold?

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Education

Tags:

• Investing
• Gold
• economic
• howto
• educational
• finance
• money
• stock
• market
• trading
• analysis
• mutual
• fund
• debt
• insurance
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[l1xx3r]

ETF are not as good as owning physical gold... and mining stocks have been way under preforming gold in the past 10 years... do NOT listen to this video!

[wendy2212]

Gold bars closely track the price of the metal??? THEY IDENTICALLY TRACK THE PRICE OF THE METAL, THEY ARE THE METAL!

[MrLivePositive8]

0:38 This is not a smart idea, you need to have it physically. Look what happened the Gerald Celente.

/watch?v=W02n-wjPqNE&list=PL9F­AA1F172FD0F092&index=66&featur­e=plpp_video

[MrLivePositive8]

@l1xx3r If you do not hold it, you do not own it. Pirates knew this.

[xcvsdxvsx]

@stephano1990 actually gold does have a utilitarian value, in the same way that sunscreen is valuable because it solves the problem of sunburn. Gold is money and money solves the problem of the coincidence of wants and allows for pricing which makes profit loss account possible.

[wendy2212]

@TheLastMag Yah, unfortunately that's not the point. The point is that the dealer's price of gold still tracks the market price of gold. They need to make profit somehow, just like your broker does. Its the same thing, a dealer just has higher fees because they are actually dealing with the physical metal (inventory, transportation, physical versus electronic).

[TheLastMag]

@wendy2212 I am not embarrassed, Investopida and I understand a concept you cannot. The fact of the mater is you cannot buy the metal at spot price from a dealer. You can buy the spot price on the market... 

[stephano1990]

@wendy2212 It's considered a luxury good indeed, but in reality, less than 5% of all the gold on the market today is used for jewelry or other luxury products. The rest is stored or traded for it's value. Obviously, this has an upwards effect on the market price.

[wendy2212]

@TheLastMag The price at the dealer still tracks the price of gold. If gold is up 10%, the dealer will charge 10% more for their gold. You will be able to sell your gold at the dealer for 10% more. It is directly correlated. Sure, the dealer takes a cut, but so does your broker if your trading directly on the stock or futures market. That being said, I was right, and you are wrong. Please don't embarrass yourself like this in the future...

[wendy2212]

@stephano1990 That is incorrect. It is valuable because it is pretty. It looks good. Of course it has no use in day to day society. Nor does your granite counter tops or marble flooring. It is just a LUXURY. People pay big dollars for luxury because its a status symbol and its rare. If your poor, you won't understand this. If your rich, you do. Because once you have everything you need, what do you spend your money on? THINGS YOU DONT NEED! AND GOLD IS SOMETHING YOU DONT NEED BUT PEOPLE WANT IT!

[TheLastMag]

@omerfarook yes

[TheLastMag]

@stephano1990 So true when mud really hits the fan I'd rather have "lead" ;) Gold is a fun paper weight that helps you sleep better when/if that time comes.