Buying actual gold | Page 2 | TigerDroppings.com
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joeytiger
LSU Fan
Denham Springs
Member since Jul 2012
3922 posts

re: Buying actual gold

Just read some more, some guy creates a fictional currency that is not back by any tangible asset and people are doing this? Seems pretty volatile to me.


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Buying actual gold
quote:

Joeytiger Warren Buffett is no genius, he is politically connected. Of course he's going to encourage you and I to play in his casino. We are sheep to be sheared. He and the politicians don't care about you, your wife, or kids. You wouldn't take advice from your enemy, would you?





I heard he framed Lee Harvey Oswald, killed 5 hookers in Nebraska, and clubs baby seals


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kiwitiger
LSU Fan
New Zealand
Member since Jul 2011
10 posts

re: Buying actual gold
----
vols&shaft
----

I really don't know anything about bitcoins. Wouldn't invest in something I don't understand. I wish them luck though as far as an alternative currency. I posted a couple of times yesterday and judging from some comments I think it was incorrectly assumed I was pushing them or was another poster.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Buying actual gold
quote:

I really don't know anything about bitcoins. Wouldn't invest in something I don't understand. I wish them luck though as far as an alternative currency. I posted a couple of times yesterday and judging from some comments I think it was incorrectly assumed I was pushing them or was another poster.



Image: http://25.media.tumblr.com/a8a4e73ec9bd6f7d6359613b9bd00bd8/tumblr_mgq578nV4v1rkffv3o1_500.gif





AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11806 posts

re: Buying actual gold


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31946 posts

re: Buying actual gold
quote:

"[W]hen you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty...


Of course, this is a red herring.

quote:

"The subject of a Hitler or a Stalin is a serf by the mere fact that his money can be called in and depreciated at the whim of his rulers.


Irrelevant provided you can store your assets in other things besides money. Like real estate, stocks, etc. Currency is mostly used simply as a unit of exchange, nobody stores their assets in cash except for hoarders.

quote:

That actually happened in Russia a few months ago, when the Russian people, holding cash, had to turn it in -- 10 old rubles and receive back one new ruble.


Also irrelevant. The problem most Russians had was that they couldn't legally store savings in anything other than the ruble.

If you have the ability to invest your savings in things other than money (and a defined benefit pension is a money investment, unfortunately) then you don't need to worry about currency devaluations nearly so much. Don't trust the US government? Fine ... invest in the stock exchanges of thirty other countries instead. Still better than gold.


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Fat Bastard
LA-Lafayette Fan
Paradise
Member since Mar 2009
18873 posts

re: Buying actual gold
Trade ETF's or Futures if you want to mess with GOLD.

physical? meh.


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LSURussian
LSU Fan
Member since Feb 2005
85157 posts
Online

re: Buying actual gold
quote:

but I see all these commercials about purchasing physical tangible precious metals

There's a reason you're seeing that. They are not taking a loss when they sell you gold.


geaux strong
LSU Fan
BR
Member since Aug 2011
10 posts

re: Buying actual gold
GLD or you can buy a gold miner like ABX (pays a dividend)


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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10138 posts

re: Buying actual gold
unique topic that has never been discussed, looking forward to the responses


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LSU6262
LSU Fan
Member since Jun 2008
2441 posts

re: Buying actual gold
quote:

I'm already contributing the max to my Roth, what should I do with the extra money each month?


is your emergency savings fully loaded? do you have a 401k? is it maxed out?


matthew25
Ole Miss Fan
Member since Jun 2012
3977 posts

re: Buying actual gold
I don't see anything wrong with holding a little, physical gold and silver as a novelty and spec buy. It will take a year for him to buy 4 oz. of gold.

Look at a roll of Morgan silver dollars on ebay. 20 different mint marks. Pass 'em down to the chillen.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
21207 posts

re: Buying actual gold
quote:

I don't see anything wrong with holding a little, physical gold and silver as a novelty and spec buy. It will take a year for him to buy 4 oz. of gold. Look at a roll of Morgan silver dollars on ebay. 20 different mint marks. Pass 'em down to the chillen.


This. Over the years I bought coins in gold and silver. And yes, I will be passing them on. I bought them when gold was running around $500 an oz and silver around $18 and oz. Besides that, My Mom and Dad passed some down to me.


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Buying actual gold
quote:

There's a reason you're seeing that. They are not taking a loss when they sell you gold.



But I saw a commercial for it, it must be a good investment



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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: Buying actual gold
Call this company. Very good people own it.

Southern Coin and PM


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7611 posts

re: Buying actual gold
Not yet, stick with the hot hand. There will be a buying opportu ory for gold/silver soon.

Disclaimer: I never get in/out at the very top/bottom


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Buying actual gold
quote:

Not yet, stick with the hot hand. There will be a buying opportunity for gold/silver soon.



It's a pretty obvious bubble, imo


white perch
Northwestern St. Fan
the bright, happy side of hell
Member since Apr 2012
3766 posts

re: Buying actual gold
quote:

It's a pretty obvious bubble, imo


but wouldn't this be a money making opportunity? wait until it pops, buy some at a lower price, and wait for it to rise again.

I'm not an investor, just a casual observer, so feel free to tell me if i'm wrong.

And I don't plan on buying gold when the bubble pops.



Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Buying actual gold
quote:

but wouldn't this be a money making opportunity? wait until it pops, buy some at a lower price, and wait for it to rise again.


Yeah technically it'll be a buying opportunity, but I doubt that I would buy any even then. I'm not a Gold Bug


Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
18917 posts

re: Buying actual gold
If one buys some gold and silver coins from time to time as part of their financial strategy, are they automatically entered into Gold Bug status?
This post was edited on 3/7 at 1:18 pm


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