Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (51530)	4/15/2000 1:34:00 PM
From: GST	Read Replies (2) of 116764

Ron: <Investment equates to savings for the mere reason that it involves using income for something other than pure consumption. It is putting your money to work in a manner that you hope will cause it to appreciate.> By that standard, if I buy 100 lottery tickets a week I am "saving". The same could apply to any speculative use of funds-- including buying gold. Gold in my view is dominated by supply and demand -- and not used primarily as a currency. I would not view buying gold as saving any more than I would include buying stocks or buying land. These may or may not be good investments -- there are no "good" or "bad" investments, no sure things. People are finding out now what others knew before us -- when you buy stocks you hope to make money and at the same time you risk losing money. This is a shock for people who thought it was a one way street. The stock market could erase 5 trillion in market cap and not come back for years -- not a prediction but a real risk. That is why it is not "savings". Anybody close to retirement would get the idea pretty quick.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next