S & P 500 or Gold

Replies to This Discussion

Permalink Reply by Buffalo on June 16, 2009 at 5:30pm

Since no one else responded, I predict gold will at least double the S&P 500 percentage increase over the next 6 months. I would predict the 1 year numbers, but my crystal ball hasn't been working too well, and the warranty company keeps saying it is an operator error. I am interested in seeing what happens- good idea for a thread in my opinion.

• ▶ Reply

Permalink Reply by John W on June 16, 2009 at 7:16pm

I agree with Buffalo. Gold over S&P. As a matter of fact, S&P (and other indices) have already come way too far, way too fast, in my opinion. The global economy is far from being out of the woods and even if the fragile "green shoots" we are seeing do not get eaten by animals, the ensuing recovery will be a weak one.
People saw their 401ks, brokerage accounts, 529 college accounts, etc get decimated over the last year. Many investors are 45+ years old and do not feel like taking a chance on having that happen to them again. So now 5-6% returns seem like a reasonable one. No longer is 20% a year necessary.
So if that happens, gold should rise "some" and stocks will not rise at all.

This is obviously just my opinion.

• ▶ Reply

Permalink Reply by Steve on June 16, 2009 at 8:44pm

Ike, great idea...I always do this myself.

One suggestion....also include Platinum, Palladium & Silver. I don't know if anyone remenbers, but back on 12/16/08 (this info is also at the kitco.com site) Gold closed Higher than Platinum. Gold at $838.25 and Platinum at $830.
Currently, Platinum is now $290 over gold.

So to me, I like to invest in all the precious metals as well as some "individual stocks" as opposed to a boring index--you can really do well if you pick the right stocks....I have my suggestions, but I don't really feel this is the forum to discuss that...bottom line...buy some of each as we all know that hindsight is 20-20... so spread it around a little.

Good luck to ALL in you investing strategies and I look forward to see how things develope!!

• ▶ Reply

Permalink Reply by Ike on June 19, 2009 at 1:42pm

Hi Steve; an excellent suggestion & yes I do remember Platinum dropping below gold (took advantage of that in a small way) & I think that it will outperform gold in the future. I am just trying to make this as simple as possible. The reason I picked the 500 was because they were both in the 900's. I would hope that someone will track all of the one's you mentioned & I will drop this discussion. I do have a lot of individual stocks & make by far the most profit off them. I even started shorting stocks last year (something I never thought I would do) to my benefit. I think the S & P will out perform gold in the next 6 months. It looks like it will fall short this week. I will post today the results for this week. I am not a precious metals investor (except in mining stocks) & thought this might be a first step in a learning process. I do collect precious metal coins, but not as an investment, although it is always nice if the value increases. At least my children and grandchildren may profit. I hope someone takes your suggestion about listing all of them.
Steve said:

Ike, great idea...I always do this myself.

One suggestion....also include Platinum, Palladium & Silver. I don't know if anyone remenbers, but back on 12/16/08 (this info is also at the kitco.com site) Gold closed Higher than Platinum. Gold at $838.25 and Platinum at $830.
Currently, Platinum is now $290 over gold.

So to me, I like to invest in all the precious metals as well as some "individual stocks" as opposed to a boring index--you can really do well if you pick the right stocks....I have my suggestions, but I don't really feel this is the forum to discuss that...bottom line...buy some of each as we all know that hindsight is 20-20... so spread it around a little.

Good luck to ALL in you investing strategies and I look forward to see how things develope!!

• ▶ Reply

Permalink Reply by Ike on June 19, 2009 at 5:29pm

--------6/15 close Price--6/19 close price---% increase/decrease
GOLD------$928.00-----------933.70------------- +0.614%
S&P 500---$923.72-----------921.23------------- -0.270%

• ▶ Reply

Permalink Reply by Buffalo on June 19, 2009 at 6:00pm

I shared your view that platinum will outperform gold very strongly a couple of months ago. Now I find myself at best undecided and thinking it could go either way. I have thought for quite a while that the valuation of platinum will be less and less impacted by the auto industry as time goes on. I think both will perform well and continue to be good long term investments. As with almost any investment, the risks and rewards are IMO the greatest for those with a short-term investment strategy. I have to say though sometimes it pays to know when to get out of something, which I have not always been very good at.

Ike said:

Hi Steve; an excellent suggestion & yes I do remember Platinum dropping below gold (took advantage of that in a small way) & I think that it will outperform gold in the future. .

• ▶ Reply

Permalink Reply by Ike on June 26, 2009 at 5:31pm

I will keep a running total from 6/15/2009 to the present & also a monthly total for each month (partial first month). S&P close @ 1600 & Gold @ close @ 1715 NY time


---------------6/15/09 close --6/26/09 close---% increase/decrease
GOLD------$928.00------------939.00---------- 1.185%
S&P 500---$923.72-----------918.90----------- (0.522)%

• ▶ Reply

Permalink Reply by Lureuin on June 26, 2009 at 10:48pm

I'm still to busy to post right now but here is some good reading.

http://www.kitco.com/ind/Turk/turk_jun252009.html

I'll be back next week.

• ▶ Reply

Permalink Reply by Ike on June 30, 2009 at 8:03pm

Totals for the partial month of June. It looks like gold won, but both lost value.


---------------6/15/09 close --6/30/09 close---% increase/decrease
GOLD-------$928.00------------926.60---------- (0.151%)
S&P 500---$923.72-----------919.32----------- (0.476%)

• ▶ Reply

Permalink Reply by Ike on June 30, 2009 at 8:12pm

Interesting and an informative article, but I still stick with my prediction that the S & P will outperform gold in the next 6 months. We shall see & I hope both are in positive territory.

Lureuin said:

I'm still to busy to post right now but here is some good reading.

http://www.kitco.com/ind/Turk/turk_jun252009.html

I'll be back next week.

• ▶ Reply

Permalink Reply by Zyll on July 1, 2009 at 6:10pm

I agree with you Ike--Money printing is likely to accelerate should the stock market sell-off again toward 800. I doubt that we'll see new market lows in the near future. I've read that we're in the midst of the summer seasonal correction, after which the S&P will resume its rise toward 1000. Inflation hasn't really worked its way through the economy yet so the numbers are only encouraging the politicians to continue their reckless damage.

• ▶ Reply

Permalink Reply by Ike on July 2, 2009 at 5:29pm

Update 7/2/2009

I will keep a running total from 6/15/2009 to the present & also a monthly total for each month (partial first month). S&P close @ 1600 & Gold @ close @ 1715 (NY time)


---------------6/15/09 close --7/02/09 close---% increase/decrease
GOLD------$928.00------------928.80---------- 0.086%
S&P 500---$923.72-----------896.42----------- (2.955%)

• ▶ Reply

▶ Reply to Discussion

• ‹ Previous
• 1
• 2
• 3
• …
• 7
• Next ›
• Page