Showing posts with label Market Vectors Gold Miners ETF (GDX). Show all posts
Showing posts with label Market Vectors Gold Miners ETF (GDX). Show all posts

Monday, September 5, 2022

Gold & Silver: The Way To Protect Yourself

I'm an old, old peasant ... I want to have some gold in the closet, I want to have some silver under the bed and I will buy more, just like all of us other old peasants, because we know that's the way to protect yourself.

Related trading instruments: iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Sunday, March 1, 2020

The Reason Why Gold Sold Off

Everything is going down and you go back to previous bear markets, 2008 for instance, everything went down including gold. For a while gold went down a lot. Usually in bear markets people have to sell and they sell everything in sight including gold and that's when you buy gold. I'm gonna go buy this afternoon!

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM)

Wednesday, November 27, 2019

Gold: I Started Buying More This Summer

I started buying more gold this summer, because I could see what was happening. I still own plenty of gold and silver. I guess the fact that it doesn't yield much or anything doesn't bother anyone now. Bonds don't yield anything either. Most things don't yield anything these days.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Monday, December 17, 2018

Gold: Where To Buy

If and when gold goes under $1,000 an ounce my plan is to buy a lot of gold. I haven't bought any serious gold since 2010.

Related trading instruments: 

  • SPDR Gold Trust ETF (GLD) 
  • Market Vectors Gold Miners ETF (GDX) 

Monday, February 26, 2018

Gold Will Go Down Even More

If I'm correct, gold will go down even more and there will be another opportunity to buy it.

Related trading instruments: 
  • Market Vectors Gold Miners ETF (GDX)
  • SPDR Gold Trust ETF (GLD)

Thursday, February 22, 2018

Markets: Gold & Silver

When people lose confidence in governments and money they buy gold and silver. Maybe they shouldn't but that's what they do.

Related trading instruments: 
  • iShares Silver Trust ETF (SLV)
  • SPDR Gold Trust ETF (GLD)
  • Market Vectors Gold Miners ETF (GDX)



Monday, December 18, 2017

Gold Is Just Another Commodity

Investing is qualitative, quantitative, it's everything. I mean, I wish it was that simple. I wish you could just look at turn to page 37 and say ah there's the answer. There is no simple answer in the investment world, it's a combination of everything and that's the case with gold and everything else. Gold has been around for thousands of years, gold has had many periods when it's been in a bull market and many periods when it's in a bear market. Gold it's just another investment. I know that many people think it is a currency, gold is just another investment like everything else. Just another commodity like everything else.

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Thursday, November 9, 2017

Q: Are you buying or selling gold at the moment?

Neither at the moment. I own a lot of gold and silver. I haven't bought any serious gold in a few years.

I'm waiting for gold to go down more at which point I hope I'm smart enough to buy a lot more gold because before this is over gold is gonna go up a lot, it's gonna get very overpriced, it might even turn into a bubble. I hope it doesn't turn into a bubble because then I'll have to sell and I don't want to ever sell my gold, my children will have my gold someday. But no, I am a potential buyer, I have never sold any, I don't expect to sell any gold unless and until it becomes a bubble someday.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Friday, October 13, 2017

Gold: Not Buying Yet

If and when gold goes down a lot I plan to buy a whole lot more. People just expect too much from gold, everybody's still bullish, there's still a lot of mystics, you know. Everybody still loves gold including me but I'm not buying, not yet. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Monday, October 2, 2017

When To Buy Gold Again

Jim Rogers said in a recent interview that he is taking a contrarian view on Gold. Gold has not had enough corrections yet and for that reason there are still many gold perma bulls. Jims argument is that when everybody is throwing gold away at fire sale prices, then it might be a good time to consider buying it again:

"For me, gold has not had enough corrections yet. There are still too many gold bugs." 

"When people say, 'I never want to invest in gold again,' that is when I want to invest in it...When everybody is throwing it out the window, that is usually a good time to buy anything, including gold. So far, there are too many people that love gold."

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)

Monday, September 11, 2017

Gold: Prepare For A Huge Bubble

I hope I'm smart enough to prepare for that huge bubble that's coming down the road. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

I've Got Plenty of Gold

I've got plenty of gold I'm not worried before this is over gold is going to turn into its own bubble because whenever there are big problems and people lose confidence in government and paper money they always buy gold and silver doesn't matter whether they should or they shouldn't that's what they do okay so they'll do it again. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Tuesday, August 29, 2017

Gold: My Plan

I haven't bought any serious gold since 2010 but I own it and I'm not selling it. My plan is that when gold goes under a thousand US dollars, I hope I'm small enough to buy a whole lot. (SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX))

Friday, June 30, 2017

Gold Will Skyrocket

Gold (SPDR Gold Trust ETF (GLD)) is going to go up big time before this is over. We’re going to have turmoil in the financial markets in the next few years and gold (SPDR Gold Trust ETF (GLD)) will skyrocket. I am not buying gold now because I expect it go down first.

Tuesday, May 30, 2017

Gold Is Not A Currency, Just A Commodity Like Any Other

There is no simple answer in the investment world. It's a combination of everything and that's the case with gold and everything else. Gold has been around for thousands of years, gold has had many periods when it's been in a bull market and many periods when it's been in a bear market. It's just another investment. I know that many people think it is a currency but gold is just another investment like everything else, just another commodity like everything else. Go back in history and you will see that gold is just another investment like everything else whether we like it or not. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Monday, May 29, 2017

Gold Has Not Had Enough Of A Correction

You know gold has not had enough of a correction yet for me and there's still too many gold bugs out there and when they give up I hope I'm smart enough to buy gold. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Tuesday, May 16, 2017

Gold Is Trying To Find A Bottom

Corrections and rallies are very common in all markets, does not matter what the market. What we are seeing is the process of gold trying to find its bottom. In my view it is not here yet. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Tuesday, April 4, 2017

Mine Nationalization: Is It a Serious Risk?

I do not think there is much risk of mine nationalization. There may be in some countries where there is internal political problems. I am just racing around the world in my brain trying to think where somebody may nationalize mines and I do not see that happening. I do not see that as a very serious risk. (Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Freeport-McMoRan Inc (NYSE:FCX), Novagold (NG), Barrick Gold (ABX))

Monday, February 27, 2017

The World Has a Money Problem and Gold Will Benefit

I own gold but I have not bought any gold for a long time. But I own gold and I am waiting for opportunities to buy more. It it goes down I hope I am smart enough to buy a lot more. Before this is over, gold is going to go up a whole lot and gold may even turn into a bubble. The world has a huge problem with money. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

Wednesday, December 14, 2016

Gold: The One Thousand Mark

It may not get to one thousand dollars an ounce, it may not even get there at all. I am pretty bad at market timing. But if it does, I expect to load up. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Barrick Gold (ABX), Newmont Mining (NEM), Goldcorp (GG), Novagold (NG))

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