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Investing opinions: Gold? Silver? Platinum?
6-7-2005 | orionblamblam

Posted on 06/08/2005 11:16:31 AM PDT by orionblamblam

Simple enough question: what makes the best investment when buying precious metals? I'm in the market, and want to make sure I don't get overly stiffed. What with interest in fuel cells, I'd hazard that platinum might be good.


TOPICS:
KEYWORDS: gold; investing; platinum; silver

1 posted on 06/08/2005 11:16:32 AM PDT by orionblamblam
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To: orionblamblam

You can't go wrong with steel - everyone uses it...


2 posted on 06/08/2005 11:17:54 AM PDT by 2banana (My common ground with terrorists - They want to die for Islam, and we want to kill them.)
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To: orionblamblam

Whatever you do, remember that the markups and commissions paid on both buying and selling bullion coins are going to be very high relative to the metal value. Also, the storage of physical metal (i.e. safe boxes) is not free, thus metal futures might be the thing to look at.


3 posted on 06/08/2005 11:26:43 AM PDT by GSlob
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To: orionblamblam

I have one word for you: Plastics.


4 posted on 06/08/2005 11:32:27 AM PDT by Mikey_1962
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To: orionblamblam; Constitution Day; Tijeras_Slim

5 posted on 06/08/2005 11:48:44 AM PDT by martin_fierro (Fingers of Fury™)
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To: orionblamblam

Buy into a mutual fund that specializes in Precious Metals & Mining. They invest in companies that explore for, mine, or make investments in precious metals.


6 posted on 06/08/2005 11:52:57 AM PDT by So Cal Rocket (Proud Member: Internet Pajama Wearers for Truth)
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To: martin_fierro

Fingers of Fury™ and a Mind of Merriment™


7 posted on 06/08/2005 11:58:47 AM PDT by jigsaw (God Bless Our Troops)
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To: orionblamblam
What was that bumper sticker I saw?

AMMO,the CURRENCY of the 21st CENTURY!

8 posted on 06/08/2005 12:00:33 PM PDT by litehaus
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To: jigsaw
I love Fox News, bur they sure have some sillyass commercials.


9 posted on 06/08/2005 12:03:27 PM PDT by martin_fierro (Fingers of Fury™)
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To: martin_fierro

Ann? ANN?


10 posted on 06/08/2005 12:16:18 PM PDT by Constitution Day (Burger-Eating War Monkey)
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To: Constitution Day

You just KNEW this was coming.

11 posted on 06/08/2005 12:19:26 PM PDT by martin_fierro (Fingers of Fury™)
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To: orionblamblam

My fav is copper. Not the metal itself, but mining companies. Phelps is the best for players as far as investment [the price jumps up and down a lot when the price of copper itself moves a little], with Rio Tinto doing not badly.


12 posted on 06/08/2005 12:22:36 PM PDT by RightWhale
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To: 2banana

Steel is the basis of all industrial economy, and it will do for asteroid mining as well. Investing in steel companies is kind of humdrum. It's too basic unless you are operating a mine yourself.


13 posted on 06/08/2005 12:24:15 PM PDT by RightWhale
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To: orionblamblam
Holding an actual commodity is very risky as large companies and large investors have more to do with the future price than actual supply and demand. Speculation in the futures for that commodity and the biggies taking "positions" are the primary movers.

Read up on the Hunt Brothers and the Silver market of the 70s if you want to see how you can get really stuck.

14 posted on 06/08/2005 12:28:07 PM PDT by KC Burke (Men of intemperate minds can never be free....)
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To: martin_fierro

Ha!

It's too bad you couldn't squeeze in Billy Mays with some OxyClean.


15 posted on 06/08/2005 12:29:22 PM PDT by Constitution Day (Burger-Eating War Monkey)
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To: orionblamblam

Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.


16 posted on 06/08/2005 12:37:48 PM PDT by ChefKeith (If Diplomacy worked, then we would be sitting here talking.)
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To: orionblamblam

Invest in Tennessee_Bob. That's right - send me a check. You'll have my thanks and undying gratitude - and you can take that to the bank.


17 posted on 06/08/2005 12:46:05 PM PDT by Tennessee_Bob (The Crew Chief's Toolbox: A roll around cabinet full of specialists.)
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To: ChefKeith

> Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.


Silver makes dandy bullets. Good for taking out the radioactive werewolves and vampires I expect to encounter after The Fall.


18 posted on 06/08/2005 12:53:08 PM PDT by orionblamblam ("You're the poster boy for what ID would turn out if it were taught in our schools." VadeRetro)
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To: KC Burke

> Read up on the Hunt Brothers and the Silver market of the 70s

I thought those were the goobers who drove the price of gold to $800/ounce?


19 posted on 06/08/2005 12:53:49 PM PDT by orionblamblam ("You're the poster boy for what ID would turn out if it were taught in our schools." VadeRetro)
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To: orionblamblam

Investing in cigarettes and booze hasn't gone wrong for me yet...


20 posted on 06/08/2005 12:57:13 PM PDT by general_re ("Frantic orthodoxy is never rooted in faith, but in doubt." - Reinhold Niebuhr)
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To: orionblamblam

Right now platinum is hot. Gold and silver just had a runup and now are cooling back down for maybe a week to 2 weeks, then they're start their upward climb through the summer when the normal bigger gains for both begin around Sept through Dec. I will start to swing trade selling 1/2 of my shares on the peaks and buy more in the troughs.

I think owning gold bullion (not coins) should be a piece of your investments as it is the best protector against inflation which I believe we are heading into sometime. And also if there is a big drop in the markets PM stocks will go down with them in the beginning which will be very painful. I'm watching this economy like a hawk to see if a mania comes around which will be the signal things are getting ready to blow.


21 posted on 06/08/2005 1:29:45 PM PDT by jwh_Denver (Remember the Alamo!)
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To: orionblamblam

If you want protection from the falling dollar, just buy some gold bullion or coins or set up a bank account in swiss francs. And a thousand dollars (face value) of silver and a bunch of ammo for your emergency supply kit won't hurt.


22 posted on 06/08/2005 1:47:33 PM PDT by balrog666 (A myth by any other name is still inane.)
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To: orionblamblam

None of the above.


23 posted on 06/08/2005 2:46:02 PM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: ChefKeith

Sound like the old Freak Brothers comics.


24 posted on 06/08/2005 2:47:30 PM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: orionblamblam

Silver ..... GOLD!

25 posted on 06/08/2005 4:37:19 PM PDT by mikrofon (Because bond funds bounce...)
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To: orionblamblam

I think you can now buy common stock on the NYSE or NASDAQ which mirrors the price of gold.

The symbol? GOLD or GGG? I forget.

Anyway, that is much better than taking physical possession of bullion, considering the markup when you buy, the markdown when you sell, and then the worries about where to store the stuff.

I bought four American Eagle 1 oz coins thinking I could simply sell them easily.

Although I made about $50 on each coin, I ended up having to drive about 35 miles just to find a place willing to buy the coins.

Even then I didn't get spot price, but spot-minus-3 percent.

Like I said, the best thing is this new stock that basically mirrors the price of gold.


26 posted on 06/08/2005 4:42:55 PM PDT by Edit35
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To: orionblamblam

10% gold and 90% silver.

Right now the ratio of silver to gold ounces favors silver.

When the ratio shrinks to less than 25:1 then start swaping the silver for gold.

Platinum isn't really money.


27 posted on 06/08/2005 7:04:33 PM PDT by Chewbacca (My car gets 40 rods to the hogshead, and thats the way I like it!)
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To: orionblamblam

I recommend gold,silver & LEAD, and lots of that too!


28 posted on 06/08/2005 7:16:46 PM PDT by TMSuchman (2nd Generation U.S. MARINE, 3rd Generation American & PROUD OF IT!)
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To: Graycliff
Sound like the old Freak Brothers comics.

Yes, Fat Freddie talking about dope and money. Hadn't thought of that quote in a few decades.

29 posted on 06/08/2005 7:53:09 PM PDT by Lawgvr1955 (Never draw to an inside straight.)
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To: orionblamblam

Coalbed methane.


30 posted on 06/08/2005 8:37:36 PM PDT by Cedar
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To: Lawgvr1955
I believe it was.

Dope will get you through times of no money, better than money will get you through times of no dope. Still have a small collection of their comics.
31 posted on 06/09/2005 6:56:32 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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To: Graycliff

I had a tremendous collection of Zap and Fabulous Furry Freak Brothers comix. Unfortunately, I neglected to remove them when I moved away to school and my sainted mother sent them to the landfill. I miss the Checkered Demon, Captain _____gums, Mr. Natural and the FFF Brothers. Lots of laughs from another era, now long gone.


32 posted on 06/09/2005 8:22:20 AM PDT by Lawgvr1955 (Never draw to an inside straight.)
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To: Lawgvr1955

Don't forget Cheech Wizard


33 posted on 06/09/2005 9:12:12 AM PDT by Graycliff (Long haired freaky people, need not apply.)
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