Comments on: 6 REASONS RICHARD RUSSELL WANTS TO OWN GOLD http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold Thu, 18 Mar 2010 04:58:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: saconser http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9185 saconser Thu, 19 Nov 2009 02:01:57 +0000 http://pragcap.com/?p=12723#comment-9185 Another thought for all the geniuses out there.Lets look at all paper assets from the 1930 and guess what none of the stocks from the 30's are around anymore but the dirt under your feet is and its worth 100 times what it was 80 years ago pretty good return huh Another thought for all the geniuses out there.Lets look at all paper assets from the 1930 and guess what none of the stocks from the 30’s are around anymore but the dirt under your feet is and its worth 100 times what it was 80 years ago pretty good return huh

]]> By: saconser http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9184 saconser Thu, 19 Nov 2009 01:48:02 +0000 http://pragcap.com/?p=12723#comment-9184 well well how short are your memories or actually you have not been around long enough.here it is in 1977 a 1500 sf house was on aveage 20,000 now it is 200,000.00 Ten times your money and gold in the same time frame 600 am ounce then and 1100 now wow does not even keep up with inflation so go buy some Real Estate and o buy the way its on sale well well how short are your memories or actually you have not been around long enough.here it is in 1977 a 1500 sf house was on aveage 20,000 now it is 200,000.00 Ten times your money and gold in the same time frame 600 am ounce then and 1100 now wow does not even keep up with inflation so go buy some Real Estate and o buy the way its on sale

]]> By: speed dating London http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9146 speed dating London Wed, 18 Nov 2009 11:45:49 +0000 http://pragcap.com/?p=12723#comment-9146 In present times when things are getting so costly this post details 6 Reasons Richard Russell wants to own GOLD.But the topic is so well explained that after reading it even I agree with the view point of Richard.It was amazing experience reading this post. In present times when things are getting so costly this post details 6 Reasons Richard Russell wants to own GOLD.But the topic is so well explained that after reading it even I agree with the view point of Richard.It was amazing experience reading this post.

]]> By: GOLD http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9139 GOLD Wed, 18 Nov 2009 06:22:13 +0000 http://pragcap.com/?p=12723#comment-9139 We love finding articles and we wanted to let you know, we will pass your site on in our email newsletters to our clients which collect <a href="http://www.goldcoinsgain.com" rel="nofollow">gold </a>. Thank you We love finding articles and we wanted to let you know, we will pass your site on in our email newsletters to our clients which collect gold . Thank you

]]> By: nebyarg http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9126 nebyarg Wed, 18 Nov 2009 01:22:02 +0000 http://pragcap.com/?p=12723#comment-9126 Should you decide to own gold, recognize perhaps that the easy money has been made. Timing is always important. If you buy, don't invest more than 10% of your portfolio in gold. Buy gold etf such as GDX realizing gold stocks go up and down faster and further than gold bullion; that there is a big commission buying and selling gold; there are much higher taxes for owning a bullion fund like GLD; and storage costs if you want others to hold it for you... I would suggest GDX, which I found volatile and have owned in the past, is quite useful. Canadian Maple Leaf coins of any size are good, buying larger quantities to get a better price, but remember dollar cost averaging over time. There are many good dealers out there on the web, but your word is honored once. Gold at $800 an oz in 1980 now would be @$2300 an oz. So, we are a long way from a top. When I was a kid one dollar could buy more than four Swiss Francs. Now, one dollar buy one franc. I believe things will get worse, albeit our govt reports otherwise. What has not rallied? The S&P is up 60+% this year. How much has gold rallied this year? I just sold some for a forty % profit and you are buying. That is the market. My next big investment is real estate, probably next year if my offer is accepted, which is obviously a risk and has expenses too. I've learned, don't buy what you don't need. A little gold is good. Keep diversifying out of what others are buying... Good luck. Should you decide to own gold, recognize perhaps that the easy money has been made. Timing is always important. If you buy, don’t invest more than 10% of your portfolio in gold. Buy gold etf such as GDX realizing gold stocks go up and down faster and further than gold bullion; that there is a big commission buying and selling gold; there are much higher taxes for owning a bullion fund like GLD; and storage costs if you want others to hold it for you…
I would suggest GDX, which I found volatile and have owned in the past, is quite useful. Canadian Maple Leaf coins of any size are good, buying larger quantities to get a better price, but remember dollar cost averaging over time. There are many good dealers out there on the web, but your word is honored once.
Gold at $800 an oz in 1980 now would be @$2300 an oz. So, we are a long way from a top. When I was a kid one dollar could buy more than four Swiss Francs. Now, one dollar buy one franc.
I believe things will get worse, albeit our govt reports otherwise. What has not rallied? The S&P is up 60+% this year. How much has gold rallied this year? I just sold some for a forty % profit and you are buying. That is the market. My next big investment is real estate, probably next year if my offer is accepted, which is obviously a risk and has expenses too. I’ve learned, don’t buy what you don’t need. A little gold is good. Keep diversifying out of what others are buying… Good luck.

]]> By: poke646 http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9124 poke646 Wed, 18 Nov 2009 00:27:13 +0000 http://pragcap.com/?p=12723#comment-9124 No, gold and the dollar don't run perfectly inverse to each other. When people start running to gold because the dollar is falling, gold will do a LOT better than whatever the inflation is. No, gold and the dollar don’t run perfectly inverse to each other. When people start running to gold because the dollar is falling, gold will do a LOT better than whatever the inflation is.

]]> By: poke646 http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9123 poke646 Wed, 18 Nov 2009 00:20:43 +0000 http://pragcap.com/?p=12723#comment-9123 Keep it simple. You get the most bang for the buck just buying Krugerrands. You can buy them in any coin shop. I buy a lot of mine on Ebay (and only from people with a lot of history). Keep it simple. You get the most bang for the buck just buying Krugerrands.
You can buy them in any coin shop. I buy a lot of mine on Ebay (and only from people with a lot of history).

]]> By: DarkTrader http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9103 DarkTrader Tue, 17 Nov 2009 21:02:45 +0000 http://pragcap.com/?p=12723#comment-9103 avery, when was the last time that governments timed investment correctly? Maruitious, India, etc. are the ultimate Gold sell signal for trading. Ken, why own gold if dollar goes down? Well that is the point, to maintain your wealth in a precious metal that is far less volatile than paper. I will borrow a historical tale. A dollar could buy you 4 hot dogs at a baseball park in the 1910's...now you need four dollars to buy one hot dog. A 1oz gold coin could buy you a good suit in the same time frame, same now. Gold purchasing power (in this admittedly simplistic model) has maintained purchasing power, the dollar has fallen by a factor of 16. THAT is why we all should buy some gold regardless of price. If that parabolic dollar (hey, all paper money) devaluing continues (big jump in gold from a 98% USD drop to a 99% drop) gold skies higher. avery, when was the last time that governments timed investment correctly? Maruitious, India, etc. are the ultimate Gold sell signal for trading.

Ken, why own gold if dollar goes down? Well that is the point, to maintain your wealth in a precious metal that is far less volatile than paper.

I will borrow a historical tale. A dollar could buy you 4 hot dogs at a baseball park in the 1910’s…now you need four dollars to buy one hot dog. A 1oz gold coin could buy you a good suit in the same time frame, same now.

Gold purchasing power (in this admittedly simplistic model) has maintained purchasing power, the dollar has fallen by a factor of 16. THAT is why we all should buy some gold regardless of price.

If that parabolic dollar (hey, all paper money) devaluing continues (big jump in gold from a 98% USD drop to a 99% drop) gold skies higher.

]]> By: Ken http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9076 Ken Tue, 17 Nov 2009 17:00:24 +0000 http://pragcap.com/?p=12723#comment-9076 Gold is based in the currency you are trying to get protection from. Don't you see the problem? If gold went to $1500 and the US Dollar (peso) loses 25% of its value, what have you really gained? We are in a deflationary period unlike any other. Commodities are going higher because their underlying currency is going lower. The comment about the gun purchases is interesting. Maybe we should all be buying physical LEAD. Gold is based in the currency you are trying to get protection from. Don’t you see the problem?

If gold went to $1500 and the US Dollar (peso) loses 25% of its value, what have you really gained? We are in a deflationary period unlike any other. Commodities are going higher because their underlying currency is going lower.

The comment about the gun purchases is interesting. Maybe we should all be buying physical LEAD.

]]> By: avery http://pragcap.com/8-reasons-richard-russell-wants-to-own-gold#comment-9074 avery Tue, 17 Nov 2009 16:00:38 +0000 http://pragcap.com/?p=12723#comment-9074 Err, sorry for the typos. Err, sorry for the typos.

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