Gold is sky high. Should I sell my wedding ring?

[00clone]

im trying to talk my wife into doing this. its a solid investment that will be hard for it crash like everything else has. we could still sell it long before it got back down to these levels and make a huge profit

I've got a strict rule for investments. Five years ago, there were commercials on the TV non-stop from companies who buy gold. Now, there are commercials on for companies to sell you gold. If they're advertising, trying to get you to do it, it's because it's not that great of an idea on it's own.

[Max57]

God and everyone here who reads the investing threads know that I'm often wrong. But, just like everything else in the investing world .... there's no such thing as a sure thing.

Generally speaking, when the average joe is talking about "investing in 'x' because it it will be hard for it to crash like everything else and I can make a huge profit" ... It's time to sell short.

Or, when my sister who knows basically nothing about investing says, "you should buy gold", it's time to sell short.

[hawkeyeh8r]

God and everyone here who reads the investing threads know that I'm often wrong. But, just like everything else in the investing world .... there's no such thing as a sure thing.

Generally speaking, when the average joe is talking about "investing in 'x' because it it will be hard for it to crash like everything else and I can make a huge profit" ... It's time to sell short.

Or, when my sister who knows basically nothing about investing says, "you should buy gold", it's time to sell short.

i know its not a sure thing. i figure buy in now and sell in a few months when its a couple hundred dollars higher

[Naughtius]

God and everyone here who reads the investing threads know that I'm often wrong. But, just like everything else in the investing world .... there's no such thing as a sure thing.

Generally speaking, when the average joe is talking about "investing in 'x' because it it will be hard for it to crash like everything else and I can make a huge profit" ... It's time to sell short.

Or, when my sister who knows basically nothing about investing says, "you should buy gold", it's time to sell short.

So I'm confused. Is your sister short, a sure-thing, or both?

[JY07]

If you have a variable rate you deserve the discomfort of getting bent over.

that seems a little harsh... when i started college the fixed rate loans w/ iowa student loan were around 8%.. i went the variable route and right now they're under 3%

[Max57]

So I'm confused. Is your sister short, a sure-thing, or both?

Ha! That was worth a chuckle.