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Started By
Message
investing in gold
Posted on 7/23/13 at 6:17 pm
Posted on 7/23/13 at 6:17 pm
as a sole source of retirement planning other than my roth ira. good idea/bad idea.
Posted on 7/23/13 at 6:32 pm to robot55
Bad and I'm not even one of the gurus here
Posted on 7/23/13 at 6:36 pm to robot55
quote:
retirement planning
quote:T E R R I B L E ! ! ! !
as a sole source
Posted on 7/23/13 at 6:42 pm to NC_Tigah
ok. was thinking it was a safe bet for "investing for dummies," but i guess not
Posted on 7/23/13 at 6:57 pm to robot55
Bad. Gold is a weak investment for growth.
Posted on 7/23/13 at 6:58 pm to robot55
From all the BS
Cash for Gold" places and websites I assume that gold has more or less peaked. With nowhere to go but down?
What says the money gurus?
Cash for Gold" places and websites I assume that gold has more or less peaked. With nowhere to go but down?
What says the money gurus?
Posted on 7/23/13 at 7:09 pm to LSU alum wannabe
you'll be the smartest man in the room when SHTF and we're all being wiped off the face fo the earth by the illuminati and their secret army. When that happens, you will be able to grade your gold bars for essentials and you will look like a genius. Meanwhile guys like me with stocks and tinfoil hats will be swept under the rug and we will be crying,starving, and killing each other over tomato plants like the movie waterworld
Meanwhile those who own gold will be in private jets, vacationing like the elite.
If you can't sense my sarcasm, Im here to tell you that if and when SHTF, I, along with other people with guns will take your gold which will ultimately be worthless in an end of times scenario. Gold is up about $500 over the last 33 years, so aside from the gold bugs who tell you how gold is the greatest investment ever, run away. There are no dividends, and literally any dividend paying bluechip over the last 33 year timeframe has beaten gold soundly in terms of total return with dividends reinvested.
Meanwhile those who own gold will be in private jets, vacationing like the elite.
If you can't sense my sarcasm, Im here to tell you that if and when SHTF, I, along with other people with guns will take your gold which will ultimately be worthless in an end of times scenario. Gold is up about $500 over the last 33 years, so aside from the gold bugs who tell you how gold is the greatest investment ever, run away. There are no dividends, and literally any dividend paying bluechip over the last 33 year timeframe has beaten gold soundly in terms of total return with dividends reinvested.
Posted on 7/23/13 at 7:43 pm to robot55
I like to long and short gold depending on conditions. Look into NUGT when gold is in recovery and DUST when gold appears overbought. But long-term buy and hold, I wouldn't recommend.
Posted on 7/23/13 at 8:20 pm to RidiculousHype
Look at it this way. You can't eat it.
Posted on 7/23/13 at 9:38 pm to robot55
Dude, I am kind of a goldbug guy, and I think that is a bad idea. You diversify with gold and hold for some level less than armageddon, say a Weimar or Argentina situation. But if TSHTF, you're better off with bullets and beans. I have found that goldmoney is very trustworthy. I have never heard one bad thing about Apmex other than being out of coin in the last year or so. I know nothing about ETFs or gold IRAs. Good luck!
Posted on 7/23/13 at 11:45 pm to robot55
What's your take on gold miners (especially those with solid dividend yields)?
Posted on 7/23/13 at 11:49 pm to Anfield Road
solid yield? gold miners cut dividends when prices drop, there is no solid yield in gold miners. If the price goes low enough, the companies can go bankrupt.
Posted on 7/24/13 at 12:55 am to robot55
quote:
investing in gold
There is no such thing.
There are only levels of speculation on gold.
Posted on 7/25/13 at 3:41 am to TheHiddenFlask
the only reason to have gold is if the dollar gets too weak and you need cash, the gold can spend in any county in the world. its wise to have at least 100k in gold. but i wouldn't go buy it. I would mine it myself and save it all. you come out way cheaper and its not so hard to do as im a avid prospector.
with a good plan and decent equipment you could get a half ounce of gold to a ounce of gold a day and have minimal expenses.
with a good plan and decent equipment you could get a half ounce of gold to a ounce of gold a day and have minimal expenses.
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