But she is not necessarily wrong. Gold might be an investment but it’s not necessarily the best or even a good one. If you had invested in commonwealth bank shares you would be a lot better off having the dividends and franking credits and price rises. Not all shares pay dividends and they can drop to zero which gold can’t (or hopefully won’t) do. I’d never put all my money in gold. It’s useful if you can time your purchase right.
Timing is always important for anything but if your looking at a 20 year time frame and you had 50k, going all in at once might be fine since gold is such a sure bet. If you can read charts then go with what looks good. It might not have had the highest gains or been the best performer but that's not a requirement to be an investment. An investment can even be a bad one and go the other way like Tater Joe sending Hamas 100 million a year and funding the entire invasion in Israel. Probably just a big accident tho. Simply unprecedented they say. No one could have seen it coming.
So what's the price action when NY opens later tonight our time? Continued up tick in price (go Bubba go) or........ drive by and profit taking.
Oh yeah Briben does it again! He must have a good stack and won't let it drop too much. The weak men make hard times cycle could be very profitable soon!
I have no idea what's going on with that silver chart. But I guess that's not surprising, I always thought that sugar diabetes was a Greek boxer.
1001 sheep had jumped the fence during spots 40 winks. Little did he know; REDs masterminding would lead to his imminent demise... Learning the longs and shorts of it. ~by Anne Guish
