Damn gold went down today...

Luc.

Luc.

Active member
damn son i lost like 10$$ today...does anyone else have money in minimart and stalk market accounts? i have money in gold and resources/...
 
its the stock market dude, it goes up and down. gold is a fairly steady so it should go back up soon. i used to play the stock market through my dad, haha. oh and in buisness class.
 
remember the key to being sucessfull in the stock market is by learning how to spell "stock" right.
 
yeh i knew that did look right....oh well....its like the other day (last year) when i forgot how to spell "their"...hahah...
 
its cool man. ive forgotten my best freinds name for about 4 minutes while in a conversation with them.
 
ahaha I'm sorry, I know you didn't mean to write it, but yes, My stalks went down today, damn truck ran right over them corn.
 
but for real, I haven't checked in a few days, but I've been watching Abercrombie's stocks and that's a fuckin bank right there. It's been going up for a lonnnng time now. I'll be putting some real money in stocks (maybe 100 bucks) at the end of the summer and as much as I don't like Abercrombie, they're killin it.
 
I think ns is actually a place for us add suffers to come and talk about anything that pops into our heads. I too forget my friends names but they are mostly girls.
 
gold, copper, oil, and other random metals are only going to go up in the future. sure gold is at like 640, which is pretty far off from its recent high of around 800, but everything was way up there around the end of may. just look at this graph:
smallchart.aspx


since all of the metals are going up, it currently costs like 1.2 cents to manufacture just one penny. and pre 1982 pennies have like 2.5 cents of copper in them
 
Gold Yes, Copper probably not. Oil possibly, but also could take a nosedive into the ground.

Sir Holland my advice is to hold onto it no matter how much you lose. Gold has been valuable for hundreds of years and unless the biggest gold discovery in history is made, it will go way up from what it is now.
 
Also, the money the government spends for the copper and manufacturing of pennies all goes back into the economy, so it's all good. The cost of producing money doesn't make a big difference. It helps us out economically either way.
 
lets talk about gold as an investment, it is a defensive play. but over the last 20 years 6/1986 to 6/2006 gold as measured by the Gold london Prime market index has returned 2.76% annually where as stocks measured by the s&P 500 compostie index have returned 8.45% annually during the same time period. now copper ont he other hand is more of a supply deamnd eriven commodities play. it has its ups and downs as well but if applied to a proper stratigie can be a vaulbe part of your commodities allocation. and over all no one should probable have more than 10% commidities in their overall investment portfolio. right now my target allocation to comodities for a moderatly aggressive client is about 5% but what do i know it is only my job.
 
yeh i think i am going to keep it...it has done extremly well in the past 2 years (as long as i have been in it) and i have made alot off of it...but yeh i can only see gold going up in the future...plus i am in resources as well with like oil and shit so thast good too...i will beneifit from a war...finacially that is./
 
first off gold is not rare, kit is no rarer than say iron. it became the first firm of coinage because of its weight and maulbility. second off copper maybee not are you kidding me the demand for copper right now is astonomical. all electronics need copper. with economic expansion in china cooper will probably continue to escalate seeing that in may it had already hit 3 times is previuos histric high. oil just trades on future feer and should remain volatal, my advice if you want to play the metals markwets it would be better done investing in the supplers then the commodities itself. for example instead of buying copper futures. buy Southern Copper (PCU) it produces about 820 million pounds of mined copper a year. so not only will you get appreciation with the price of copper but the company pays like a 10% dividend
 
ya, my dad's gona give me 100 bucks to invest in something, if I want to put more in, I'll do it myself. He's just tryin to help me get into the market. I've found a couple of 30 buck stocks that look like they'd be worth givin a whirl.
 
100 bucks, haha, the commision you get charged will be like 20% of what you invest, haha, good one. I've kept my money out of resources over the last little while as they seem to be pretty volatile, and I dont like that. I'm doing my DD right now on what to put my money into during this bear market so that I get a grab on the gains from companies that pull us out of it. I am looking at a lot of commercial and there are some enviro-tech companeis that look pretty interesting. I was actually looking at abercrombie too, when are they doing a full invasion of Canada? That would be huge.
 
Yes, I'm aware of the commission, my dad's giving me 100 bucks to actually invest, not including commission and whatever fees. He already has stocks and bonds, so he's just gona put 100 in for me. I know it's not alot, but It's something small to get started with.
 
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