Gold
- Thread starter test
- Start date
NEW -> Contingent Buyer Assistance Program
Even with this recent price surge, gold has returned about 8% since 2011 while the S&P has returned about 14%. Awgee was similar to @irvinehomeowner and @CalBears96. A lack of understanding about market timing cost him dearly.
Cry harder... try harder.
Unconstitutional
Tesla global sales
Irvine foreclosure rate vs number of homes
morekaos
Well-known member
I always know the top is in when clients, people at the gas station and my uber driver tell me how much money they are making in (fill in the blank)….Real estate, Junk bonds, bitcoin, .com stocks, Spacs, NFT’s and on and on and on…Gold and silver are there…
Gold and silver keep hitting record highs. But is the precious metals market ‘broken’?
· Gold and silver prices have struck consecutive record highs this year, but some analysts are warning that speculative flows are amplifying moves.
· Thin market depth means modest inflows can trigger outsized gains, leaving prices detached from physical demand.
Gold and silver keep hitting record high. But the market may be broken
Gold and silver keep hitting record highs. But is the precious metals market ‘broken’?
· Gold and silver prices have struck consecutive record highs this year, but some analysts are warning that speculative flows are amplifying moves.
· Thin market depth means modest inflows can trigger outsized gains, leaving prices detached from physical demand.
Gold and silver keep hitting record high. But the market may be broken
morekaos
Well-known member
Some of my original positions pre-date Y2K when gold was around $220.00. Back then Gold ran to around $600 then stayed there for 10 years..the next move came when it broke to $1700 during and after the “Great Recession” and there it stayed For 10 more years…it then broke to the $1900 High in 2020 and stayed there for 5 more years….this is the pattern of gold…comes into fashion the stalls for a decade…catch the runs then move on…it is an extremely boring investment.
Liar Loan
Well-known member
There used to be a gold thread here that Panda deleted, but on it awgee told me how much I was going to regret selling all my gold for $1,600/oz back in 2011 (which was perfect timing). I bought a house not long before that and he also told me what a fool I was for buying because prices were bound to crash a lot more. He was dead wrong. Last I saw, he got banned from the Redfin forums (back when they still had forums) and he kind of disappeared after that.Wonder what awgee is up to
Even with this recent price surge, gold has returned about 8% since 2011 while the S&P has returned about 14%. Awgee was similar to @irvinehomeowner and @CalBears96. A lack of understanding about market timing cost him dearly.
Liar Loan
Well-known member
The irony is that his entire premise for buying gold was currency devaluation, which is what led to the massive surge in RE values from 2011-2021. He had the right diagnosis, but the wrong prescription.
irvinehomeowner
Well-known member
LL still hurt from being so wrong this last year or so... crawls into a hole, goes quiet, comes back after he's done sulking and then tries to zing me.
Cry harder... try harder.
Unconstitutional
Tesla global sales
Irvine foreclosure rate vs number of homes