Investing in Precious Metals 101 Ad

Doesn’t Gold look like a bubble?

Login or register to post comments Last Post 5042 reads   42 posts
Viewing 10 posts - 21 through 30 (of 42 total)
  • Tue, Mar 10, 2009 - 05:00pm

    #21
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

You really believe that load of crap?  Oh yeah, Mr. Use-super-leverage-to-buy-real-estate-but-didn’t-forsee-the-bubble-bursting" now claims he was completely precient on gold back when it was cheaper.  Let’s see some reciepts, confirmations or statements. 

  • Tue, Mar 10, 2009 - 05:00pm

    #22
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

[quote=Kman]

Hi all,

     A good book to read on the subject of Gold and Silver is from Kiyosaki’s Rich Dad Advisor series- "Guide to Investing in Gold and Silver".  Its a fast and easy read and gives a really good overview on the history, why to buy and how to buy.  Silver is shown to have much more upside potential than Gold in a hyperinflationary economy.  For what its worth, it seems that Kiyosaki (Rich Dad) has been investing in Gold and Silver for some time as he too believes that cash will soon be trash.

[/quote]

 

You are absolutely right, this is a great book, with a lot of history on the subject which I feel is important…this is one of the first books I have read

  • Tue, Mar 10, 2009 - 05:01pm

    #23
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

[quote=plantguy90]

You really believe that load of crap?  Oh yeah, Mr. Use-super-leverage-to-buy-real-estate-but-didn’t-forsee-the-bubble-bursting" now claims he was completely precient on gold back when it was cheaper.  Let’s see some reciepts, confirmations or statements. 

[/quote]

 

Kyosaki did not write the book. Mike Maloney did

  • Tue, Mar 10, 2009 - 05:15pm

    #24
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

All I said was Kiyosaki’s recent claim he bought gold and silver when it was cheaper is a lot of baloney.  Saw it on his Yahoo column –

"I believe that gold and silver are good investments — but their prices are at all-time highs, which means it is time to be cautious, not foolish. Today, I hear financial experts on television advising people to buy gold. These are the same guys who were recommending stocks and mutual funds less than two years ago. So be very careful as the gold and silver markets begin their next climb. I am still buying gold and silver but I did most of my buying when gold was at $300 an ounce in 2000 and 2001."

The last part of the last line smells like baloney to me.  Who knows? 

 

  • Tue, Mar 10, 2009 - 05:43pm

    #25
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

My first exposure to Gold and Silver was in 2005 as Kiyosaki recommended it at that time, so I believe that Kiyoaski has been in for a while.  I didn’t understand the why, until recently when I read the book by his advisor Maloney (very recent book).  Then it all made sense.  I commend Maloney for his material, especially as after reading his book, I visited his website and guess what was promoted front and center–> The Crash Course!  So, for me, its because of that book that I learned about Martenson.  Regardless of one’s opinions about Kiyosaki, its a good book worth the time to read.

  • Tue, Mar 10, 2009 - 05:57pm

    #26
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

I read the book in October right when the dow was crashing 700 points a day, and the book does an excellent job of explaining what is happening.  I too found the crash course on his sight, and I am a big fan of his writings. 

  • Tue, Mar 10, 2009 - 09:09pm

    #27
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

T1Guy, thanks for that overview and thanks for the book recc, Kman, that several of you echoed. I’ll check it out through the library if I can get it. (Anyone else find themselves wanting to buy reference books left right and center these days? I’m trying to find what I can at the library so I can stock up on more toilet paper and rice, lol)

"From my readings primarily based on the fact (back then) that there was 12-15 times more silver around than gold…this is not the case now. "   what’s the ratio of silver in existence to gold these days?

  • Tue, Mar 10, 2009 - 09:38pm

    #28
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

No problem. I am in the same boat. Since July I have read 11-12 books (haven’t counted in a while, but know it is in double digits). I am about 50 pages away from finishing When Giants Fall, then will start another…its like crack, lol.

Well, as an example, all gold in existence in 1980 (let alone 100 years ago) is still in existence today. Using 1980 as the example year, there was something like 3.2billion ounces in existence (mined). now it sits at something crazy like 500million (that number may be abit off either direction, but besides the point). If I pull out the book referenced it shows a graph there too, it is amazing. the 2.5billion ounce difference was used up in electronics and what not.

 

mike

  • Tue, Mar 10, 2009 - 09:49pm

    #29
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

If you want some good online video stuff until you get the book, try the resources at http://www.goldsilver.com  <–wrote the book we talked about

http://www.silver-investor.com  <– david morgans site, parts require a subscription, but still worth the info either way

http://bullion.nwtmint.com  <–GREAT prices on silver, minimum orders of 50oz though, but worth it. I personally go in on a purchase with 1 or 2 others (that i trust) to get a minimum of 100oz to order (even better price, about $1.20 above spot). I al so track spot prices here for the purpose of ordering on dips when possible. This site also has some awesome resource too like the London Bullion report and access to the gold report  ( http://www.theaureport.com )

If you are interested in gold at all http://www.apmex.com has better prices than NWT, but not by a lot. NWT just has minimum 5oz order which I personally cant afford that much at once.

This should be an awesome start for you I hope….

Mike

  • Wed, Mar 11, 2009 - 11:16am

    #30
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Doesn’t Gold look like a bubble?

Look at gold relative to the price of bread – it has held stable at about 350 loaves for millennia.

Currently gold is $900 or thereabouts. How much is a loaf of bread? $1?

Now an ounce of gold buys 900 loves of bread.

That says to me it is about 100% over-valued. We’d have to see a 250% loss in $ purchasing power for gold at $900 to return to that historical norm. Is the market pricing in this kind of inflation?

I’d say gold is a bubble, especially since $ purchasing power is increasing right now. 

 

Viewing 10 posts - 21 through 30 (of 42 total)

Login or Register to post comments