Talked to my baby Brother the other night - the Brother that is presently cash-flowing $71K annually out-of-pocket in private colleges for his three oldest kids away from home.

He related to me that his gold fund in an IRA leapt by nearly $90K+ for just September. He's been in this gold fund for many years - he's not a newby to it. He asked me my opinion; I told him that his longtime financial advisor he hired 15+ years ago that turned him onto gold, has done so well for him - that he would be a fool to back off from or fire the guy after such a good run with him.

Gold continues it's upward charge. Now I'm fairly sure that gold has another 33%+ in upward gain to go - just a wild guess on my part.

What is certain, is that I decided long ago never to again fool with gold, gold futures or gold funds. 30 years ago I played around long enough to actually break even on my speculations.

Anyone else missing out on this sure thing GOLD RUSH?!

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'06 E320 CDI
'17 Corvette Stingray Vert

Long live the bubble.

Yep.

Only a fool bets on gold..........totally unable to predict long term.

Buying while the price is charging upwards is always scary. Ten years from now we'll be able to point to the day and the price where it peaked. Buying the day before that day would haunt one for life.

I'm not big on this business of using gold to hoard wealth. Leads to greater and greater pressure to use resources of ACTUAL value, such as water, in pursuit of extracting gold. Yes, I know that gold has value in electronics, etc. but we're way past that.

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Te futueo et caballum tuum

1986 300SDL, 362K
1984 300D, 138K

Glen Beck thinks gold is a good idea. That's why I don't own any.

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You're a daisy if you do.
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84 Euro 240D 4spd. 220.5k sold
04 Honda Element AWD
1985 F150 XLT 4x4, 351W with 270k miles, hay hauler
1997 Suzuki Sidekick 4x4
1993 Toyota 4wd Pickup 226K and counting

I have some gold teeth!

If I were liquid enough to play around I would think about an old Ferrari. They are doing pretty well at the moment.

At the moment I would have to say my old Ferrari was a better investment than all my real estate. But if real estate comes back I will be fine. Real estate is not liquid enough, but Ferraris aren't either, but you just need one buyer in either case.

And you cannot live in a car...at least not really comfortably.

And the BIL with the good gold investment might want to sell the gold and invest that in his kid's education. ($70K a year? where they going?)

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

Actually, he's my Brother.

Here's the list.
Rockhurst College, KC MO.
Saint Louis University, St. Louis, MO.
Spring Hill College, Mobile, AL.
All private Catholic Jesuit colleges. The list may grow to Carroll College in Cleveland, OH.

The gold fund instrument, (an Oppenheimer Fund) is all in one of his IRAs. The financial advisor has directed an IRA worth $40K into $400K-$500K. - According to my Brother. If I were him, I'd transfer much of it into other financial instruments - I did tell him that, in addition to telling him that his advisor guy wouldn't appreciate being "advised," if you will.

I'm agnostic on anyone else's investments - we're all on our own.

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'06 E320 CDI
'17 Corvette Stingray Vert

Are you sure?

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Never a dull moment at Berry Hill Farm.

Yes, I was able to keep my streak of missing every upward trend alive.

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1980 300TD-China Blue/Blue MBTex-2nd Owner, 107K (Alt Blau) OBK #15
'06 Chevy Tahoe Z71 (for the wife & 4 kids, current mule) '03 Honda Odyssey (son #1's ride, reluctantly) '99 GMC Suburban (255K+ miles, semi-retired mule) 21' SeaRay Seville (summer escape pod)

Thats certainly a GOOD clue!

I had this conversation with a coworker today, I think all the cash is running to gold because it has no place else to go. Fixed return funds are flat and the stock market is too unstable. Eventually, someone big will decide it's time to get out and the whole house of cards will collapse.

Isn't Gold simply a measure of the devaluation of fiat currency? Gold has intrinsic value.

No, I'm not invested in Gold.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

I'm sure it does have some intrinsic value, but I doubt that value is close to it's current price. The price of gold seems to being driven up by speculation at the moment. The only meaningful way to measure the value of a currency is against other currencies.

Its in a bubble, when the economy starts to present other areas to earn money it will deflate. Now would be a good time to sell gold and lock in your profits.

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2016 Corvette Stingray 2LT
1969 280SE
2023 Ram 1500
2007 Tiara 3200

If professional investors thought that the current gold prices were sustainable. Old mines would be opening up by the dozens in Cali foothills

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Happy Benzing
Darryl, Hill
2005 SL55 AMG Kleemanized
1984 500 SEC
1967 W113 California Coupe
[SIGPIC]
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