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Started By
Message
Why are people trying to sell me gold if it is so superior to cash?
Posted on 7/18/25 at 11:08 am
Posted on 7/18/25 at 11:08 am
45 second ad telling me how gold is superior to cash in every way, followed by a request to exchange my cash for gold.
This post was edited on 7/18/25 at 11:10 am
26
Posted on 7/18/25 at 11:10 am to weagle1999
Because you have a gullible look to you.
Posted on 7/18/25 at 11:13 am to weagle1999
They're trying to tell you you're old
Posted on 7/18/25 at 11:14 am to weagle1999
When you can buy groceries and pay your bills with gold and pay for a night out with gold I'll believe that gold is superior to cash. Now as an investment it has a good return, but there's the problem of having to sell it for cash to buy things for exchange. Gold is not a bad investment, but I've been told buying stocks in gold mining companies offers a return just as good. Plus, I don't have to worry about someone breaking into my house and stealing my gold.
Posted on 7/18/25 at 11:22 am to weagle1999
Gold is a horrible investment
Yet there are suckers born every minute
Yet there are suckers born every minute
Posted on 7/18/25 at 11:25 am to weagle1999
quote:
Why are people trying to sell me gold
Because it's almost $3400/ounce and they probably bought it 5-10 years ago.
If you want a hedge against societal collapse, the best metal to buy is probably ammunition and smaller bits of silver that are easy to barter.
Precious metals aren't a great investment.
This post was edited on 7/18/25 at 11:29 am
Posted on 7/18/25 at 11:26 am to weagle1999
quote:
Why are people trying to sell me gold if it is so superior to cash
Pretty simple….they can make money selling you gold but they can’t make money selling you cash.
Posted on 7/18/25 at 11:28 am to weagle1999
Every time three parties are involved and money exchanges hands, someone is getting a cut of it, guaranteed.
Posted on 7/18/25 at 11:35 am to SportsGuyNOLA
quote:
Gold is a horrible investment
Gold never loses its value unlike the dollar. I invested $500,000 in gold 10 years ago and it’s still holding up strong. Haven’t lost any money at all.
This post was edited on 7/18/25 at 11:47 am
Posted on 7/18/25 at 11:36 am to weagle1999
quote:
Why are people trying to sell me gold if it is so superior to cash?
Why does anyone sell anything? Because they are making a margin.
Posted on 7/18/25 at 11:37 am to midlandtiger
quote:
Gold never loses its value
I thought the price of gold fluctuates?
Posted on 7/18/25 at 11:39 am to dewster
quote:
If you want a hedge against societal collapse, the best metal to buy is probably ammunition and smaller bits of silver that are easy to barter.
And whiskey.
Posted on 7/18/25 at 11:44 am to weagle1999
Same as when realtors say date the rate, marry the house.
Some dipshit will think ohhhhhh that’s really smart and a great way to look at it. Then buy a 1300 sq ft house for 350k at 7%
Lots of stupid people out there
Some dipshit will think ohhhhhh that’s really smart and a great way to look at it. Then buy a 1300 sq ft house for 350k at 7%
Lots of stupid people out there
Posted on 7/18/25 at 11:44 am to Ralph_Wiggum
quote:
When you can buy groceries and pay your bills with gold and pay for a night out with gold I'll believe that gold is superior to cash. Now as an investment it has a good return, but there's the problem of having to sell it for cash to buy things for exchange. Gold is not a bad investment, but I've been told buying stocks in gold mining companies offers a return just as good. Plus, I don't have to worry about someone breaking into my house and stealing my gold.
If only we had a way to create a currency that represented a certain amount of gold and exchanged that between ourselves instead of the physical gold itself.
Posted on 7/18/25 at 11:46 am to weagle1999
Because they are trying to sell it to you for more than it's worth... are you dumb?
Posted on 7/18/25 at 11:47 am to midlandtiger
quote:
Gold never loses its value unlike the dollar.
Do what now?
Posted on 7/18/25 at 11:52 am to TheFonz
quote:
And whiskey.
Stock up on BIC lighters if you're prepping for a SHTF.
quote:
You must own small, unnoticeable items. For example: a generator is good, but 1000 Bic lighters are better. A generator will attract attention if there’s any trouble, but 1000 lighters are compact, cheap, and can always be traded.
https://legacy.powersfirearmstraining.com/resources/Words%20from%20a%20Bosnian%20Survivalist.pdf
quote:
Sometimes we got our hands on money – dollars and deutschmarks. We bought some things for them, but this was rare and prices were astronomical – for example a can of beans cost $3040. The local money quickly became worthless. Everything we needed we traded for through barter.
Posted on 7/18/25 at 11:53 am to TDTOM
quote:
Do what now?
Physical gold is a rare commodity that almost never loses its value. Even when it does, the difference is so minute that it would be hard to distinguish them apart.
Gold, Bitcoin, and crypto are the future. The US dollar will be no more.
This post was edited on 7/18/25 at 11:55 am
Posted on 7/18/25 at 11:57 am to weagle1999
Because when the SHTF gold will be gold and paper money will be worthless. Do not buy futures; take physical possession.
It is expensive to buy and sell gold. When you want to you will pay 15% to get in and 15% to get out, but if you have owned it long enough you will still make "money."
It is expensive to buy and sell gold. When you want to you will pay 15% to get in and 15% to get out, but if you have owned it long enough you will still make "money."
Posted on 7/18/25 at 12:01 pm to weagle1999
Only an idiot would buy gold when it is at all time highs.
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