Gold is up TODAY by $ 15.00 plus dollars an ounce .So buy your self a few Gold Stocks ora few dozen bars to hedge off the increase of Oil cost $3.87 @ Gallon up 30 cents just last week in New York State alone !

 

Why buy gold to offset the cost of oil going up. If you are going to invest in commodity futures, why not just invest in oil futures?

 

Who knows? Might feel bad about getting rich off of the rest of us... :roll: :roll: :roll:

 

How do you get rich without using the "rest of us"?
Isnt that the whole idea of capitalism?

 

We'll if I had stayed in Mining in Alaska as I was back in the 80'S when Gold was in the $350 to $ 500 dollar range I'd allready be rich.Instead of getting back into trucking as I did. Seeings Gold was at practically A $ Grand an ounce on 3/03/08! I remember a miner finding a Nugget over a Hundred ounces on Admiralty, Island in SouthEast ,Ak some years back.would of been a nice find Ah. Get UR Sluice boxes & Gold pans and your suction dredges ready when she thaws. 8) :idea:

 

So if gold was 500 bucks an ounce way back then and its almost 1000 bucks an ounce now...That is a 100% return over the years. Not bad, but no one is going to get rich on a 100% return, unless you were rich in the first place. Investing in oil company stocks over the last 5 or so years would have given you a FAR better return on your money...more like 400-500%.
Gold is a safe low return investment. The one advantage of gold is that it will never be worth 0. However, unless you have millions to invest in it, you arent going to get rich.
Mining looks fun, nothing wrong with going out digging in the dirt an finding gold. However, very rarely do indvidual miners get rich...they usually just about break even. Say a miner mines for 5 years, picking up an ounce a week or so...thats very reasonable. Even at todays prices and ounce a week is only 52K a year. About the same of what an average driver can make. Now say he works hard at it for 20 or so years and finds that one 100 ounce nugget worth 100K at todays prices. Thats GREAT, what a find. But small investments in the market over 20 years would have made him FAR more than that nugget is worth.

 

If you wish to invest in metals “futures,” or any commodity futures for that matter, you need to be rather sophisticated, or most likely you will loose your money, FAST. However, if you have the experience and the time, futures can very well indeed make far more money than the stock market. The “play” was silver more than gold, although both have healthy returns of over 300% the last 5 years. The stock price of Chevron has risen approx. 35% in the last 5 years, paying a measly dividend of 2.32% (yield 2.70%) this despite record quarterly profits. Exxon/Mobil lower dividends.

 

We'll I was'nt looking to get into a controversy but I will make an exception. First off I don't have to explain myself to you MR. Sheepdancer.I was merely making a comment that Gold was up on Monday. Secondly most Independend successfull mining cocerns in Alaska process substantially significant more than A ounce of Gold a week.Furthermore I've noticed U don't actually run truck which that's neither here nor there as far as I'm concerned! Who do represent anyway other than swift and maybe at one time j.b.h. just curious. just so you know I had my reasons to get out of this mining venture I was in & return to the Lower 48 such as the stock issue that was part of the bussiness aspect of this Co's IPO stock offering. nothing personal. :idea: :wink:By low SELL HIGH :arrow:

 

Gold is up. So is silver. 300-500 %. It took about 20 years, but both are up.

I do neither. Waste of time for me. I don't buy things unless I get them at a huge discount from todays prices. Let's use gold as an example. It's around $950 per ounce. Unless I can buy it at $250 per ounce, their isn't any profit to be had. Oh, I'm sure if I wanted to tie up my money forever, I could buy for the future. But my investments have to provide a decent profit now, not 20 years later.

Because if you looked at prices 20 years ago, everything have gone up around 300%. The only thing that is going down is wages.

So if your wanting to make that 300% - 500% profit on what you buy, you have to buy at a great discount on todays prices.

Just my .10 cents. See, even that went up. :lol: :lol: :lol: