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re: Buying actual gold
Posted on 3/6/13 at 7:32 pm to Vols&Shaft83
Posted on 3/6/13 at 7:32 pm to Vols&Shaft83
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.
Posted on 3/6/13 at 7:33 pm to kiwitiger
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
Posted on 3/6/13 at 7:33 pm to Vols&Shaft83
----
vols&shaft
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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&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.
Posted on 3/6/13 at 7:37 pm to kiwitiger
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.
Posted on 3/6/13 at 7:49 pm to Vols&Shaft83
Posted on 3/6/13 at 7:50 pm to kiwitiger
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.
Posted on 3/6/13 at 8:26 pm to joeytiger
Trade ETF's or Futures if you want to mess with GOLD.
physical? meh.
physical? meh.
Posted on 3/6/13 at 8:59 pm to joeytiger
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.
Posted on 3/6/13 at 9:20 pm to joeytiger
GLD or you can buy a gold miner like ABX (pays a dividend)
Posted on 3/6/13 at 9:46 pm to joeytiger
unique topic that has never been discussed, looking forward to the responses
Posted on 3/6/13 at 10:55 pm to joeytiger
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?
Posted on 3/7/13 at 3:13 am to LSU6262
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.
Look at a roll of Morgan silver dollars on ebay. 20 different mint marks. Pass 'em down to the chillen.
Posted on 3/7/13 at 3:30 am to matthew25
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.
Posted on 3/7/13 at 6:27 am to LSURussian
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
Posted on 3/7/13 at 9:34 am to joeytiger
Posted on 3/7/13 at 9:41 am to Meauxjeaux
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
Disclaimer: I never get in/out at the very top/bottom
Posted on 3/7/13 at 9:57 am to ItNeverRains
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
Posted on 3/7/13 at 10:47 am to Vols&Shaft83
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.
Posted on 3/7/13 at 11:00 am to white perch
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
Posted on 3/7/13 at 1:17 pm to Vols&Shaft83
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 3/7/13 at 1:18 pm
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