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Reply #19: Just make sure she doesn't buy any more [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-17-10 12:35 AM
Response to Original message
19. Just make sure she doesn't buy any more
Edited on Sat Jul-17-10 12:37 AM by Warpy
Gold is a hedge against inflation, but it doesn't generate any income at all from interest or dividends. In addition, it's a particularly bad deal now because there's a bubble in that particular market which has risen much faster than the inflation rate.

Be glad it's only $5000 and not everything she owns. When the bubble pops, the price won't go to zero, but it will fall.
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  -My mom is buying gold Ex Lurker  Jul-16-10 10:39 PM   #0 
  - I just sold mine  NJGeek   Jul-16-10 10:41 PM   #1 
  - Does she know how much she'll actually get for $5K? Not a whole  babylonsister   Jul-16-10 10:41 PM   #2 
  - after commission and shpping I figure she'll be getting four 1 oz coins  Ex Lurker   Jul-16-10 10:44 PM   #3 
     - You're right, nothing you can do. Hug her, and tell her  babylonsister   Jul-16-10 10:51 PM   #5 
     - I hope it's only 5K  Ex Lurker   Jul-16-10 10:55 PM   #7 
        - Ugh. This is not the way you want mom to spend her kids' inheritance.  babylonsister   Jul-16-10 10:59 PM   #9 
           - maybe so, I think I'm going to quiz her about her plans  Ex Lurker   Jul-16-10 11:06 PM   #10 
     - Hopefully she gets 4 1oz coins.  Statistical   Jul-17-10 01:25 AM   #24 
  - The worst is yet to come...  Freetradesucks   Jul-16-10 10:47 PM   #4 
  - The more posts like this I see on DU, the more I buy equities.  A HERETIC I AM   Jul-16-10 11:10 PM   #12 
     - The amount of TEOTWAWKI here is at times surprising  ProgressiveProfessor   Jul-16-10 11:17 PM   #13 
     - That's an odd reason to give your money..  girl gone mad   Jul-17-10 12:58 AM   #20 
     - 80% of equities is HFT  Hawkowl   Jul-17-10 03:20 AM   #25 
  - maybe you should show her the current issue of mother jones--and the lead article,  niyad   Jul-16-10 10:55 PM   #6 
  - Brilliant, buy gold when the price is high, someone was pretty late to the party.  Stevenmarc   Jul-16-10 10:59 PM   #8 
  - I'll never buy gold again, after judging an investigative piece  Liberty Belle   Jul-16-10 11:08 PM   #11 
  - I would love to recommend your post.  Grey   Jul-16-10 11:21 PM   #14 
  - would you post this as a separate OP?  niyad   Jul-17-10 12:19 AM   #16 
  - Silver and Gold.  earthside   Jul-16-10 11:21 PM   #15 
  - If done right  Axle_techie   Jul-17-10 12:26 AM   #17 
  - Gold is not a good investment.  Cleita   Jul-17-10 12:32 AM   #18 
  - Gold is something you buy low and sell high ...  spin   Jul-17-10 01:09 AM   #21 
     - It's not even that anymore. It's just decorative.  Cleita   Jul-17-10 01:14 AM   #22 
        - That is so true  Mimosa   Jul-17-10 03:57 AM   #26 
  - Just make sure she doesn't buy any more  Warpy   Jul-17-10 12:35 AM   #19 
  - Did she get the idea from Glenn Beckkk?  Onceuponalife   Jul-17-10 01:19 AM   #23 
  - keep this in mind.  onethatcares   Jul-17-10 04:45 AM   #27 
  - If things just get a "little bit bad"  Gaedel   Jul-17-10 06:10 AM   #29 
  - Gold is smart.  the other one   Jul-17-10 05:47 AM   #28 
  - I want to recall there are new 1099 rules with a threshold of $700  ProgressiveProfessor   Jul-17-10 08:47 PM   #32 
  - Anytime they are selling on TV is a bad time to buy.  era veteran   Jul-17-10 09:11 AM   #30 
  - There's nothing wrong with buying gold sensibly  EstimatedProphet   Jul-17-10 09:15 AM   #31 
  - Reminds me of that Twilight Zone episode where gold isn't worth anything in the future.  Bloofer_Lady   Jul-17-10 08:54 PM   #33 
 

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