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re: Why are people trying to sell me gold if it is so superior to cash?
Posted on 7/18/25 at 1:41 pm to Dawgfanman
Posted on 7/18/25 at 1:41 pm to Dawgfanman
Why did people trade gold 800 years ago?
2
Posted on 7/18/25 at 1:42 pm to SportsGuyNOLA
(no message)
Posted on 7/18/25 at 1:42 pm to weagle1999
I'll buy it. Only to refresh my grill every few years
Posted on 7/18/25 at 1:52 pm to GeauxTigers123
quote:
Why did people trade gold 800 years ago?
Because they didn’t have bullets to just take their neighbors stuff as easily as today.
Posted on 7/18/25 at 2:03 pm to weagle1999
Something is only worth what someone else is willing to pay for it.
Gold is a great option of you can do the following:
1) Build a time machine
2) Go back in time to around 1974 and buy a 5hitload of gold at around $175 per ounce
3) Go forward in time to around 1977 and sell as soon as it hits $625
4) Go forward in time to around 2000 and buy all you can at around $300
5) Go forward in time to July 24, 2011 and sell when it hits $1,800
6) Go forward in time to Oct. 31, 2015 2016 and buy as much as you can as soon as it dips below $1,100
7) Go forward in time to July 6, 2020 and sell everything when it hits $2,000
8) Go forward in time to August 25, 2022 and buy all you can at around $1,700
9) Come back to April 19th of this year and sell when it hits 3,400
10) Come back to today and brag about how much money you've made in the gold market over the years.
Is that so hard? Note...step 1 is probably the hardest step.
Posted on 7/18/25 at 2:11 pm to midlandtiger
quote:
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.
So you’re telling me that gold has never ended the day lower than where it started. That’s what you’re saying.
Secondly, how liquid is that amount of gold?
Posted on 7/18/25 at 2:17 pm to madmaxvol
If a 65 year old had bought some every month over their working career, they would have done well based on that chart.
Posted on 7/18/25 at 2:31 pm to midlandtiger
quote:You would have triple the money if you put in the S&P500.
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 al
Posted on 7/18/25 at 2:34 pm to GeauxTigers123
quote:
If a 65 year old had bought some every month over their working career, they would have done well based on that chart.
Compared to real estate or S&P?
Posted on 7/18/25 at 2:36 pm to TDTOM
Gold is a horrible investment
All you people mentioning ‘societal collapse’- are you gonna eat that gold?
I guarantee, no one‘s gonna want gold when society collapses.
Also, anticipating societal collapse is a horrible investment strategy
If that’s your basis for investment, I recommend either suicide or putting all your money in guns and ammo and canned foods
All you people mentioning ‘societal collapse’- are you gonna eat that gold?
I guarantee, no one‘s gonna want gold when society collapses.
Also, anticipating societal collapse is a horrible investment strategy
If that’s your basis for investment, I recommend either suicide or putting all your money in guns and ammo and canned foods
Posted on 7/18/25 at 2:37 pm to midlandtiger
quote:
Gold, Bitcoin, and crypto are the future. The US dollar will be no more.
Maybe eventually, but everyone currently over 50 will be dead or infirmed before that happens.
Posted on 7/18/25 at 3:00 pm to SportsGuyNOLA
Gold has outperformed the S&P in the last 25 years by quite a bit.
I'm not so sure "horrible" is the word I would use to describe it.
Some of you guys are really showing your lack of knowledge in this thread.
I'm not so sure "horrible" is the word I would use to describe it.
Some of you guys are really showing your lack of knowledge in this thread.
Posted on 7/18/25 at 3:17 pm to weagle1999
quote:
Why are people trying to sell me gold
Because the price is up.
Whenever you start seeing a bunch of advertisements for selling gold, that is NOT the time to buy. You buy when nobody is talking about gold.
Gold is just a hedge. I bought enough years ago to pay for 10 years of property tax for all my properties. I figure if I lose everything, I still will have enough to pay the sheriff so he doesn't seize my land - at least for 10 years. That should give me enough time to get back on my feet.
But when you look at the price of gold over time:
That's not saying that gold is increasing in value, but rather that the dollar is decreasing in value.
Posted on 7/18/25 at 3:18 pm to SportsGuyNOLA
Gold has out performed the stock market the past 3 decades.
Posted on 7/18/25 at 3:23 pm to GeauxTigers123
quote:
Why did people trade gold 800 years ago?
They didn't have a reliable government-backed currency system, and that was the substitute.
Posted on 7/18/25 at 3:44 pm to Dawgfanman
quote:
Compared to real estate or S&P?
Well I would personally advise to do index funds, bitcoin, real estate, and gold. I’m all about diversification.
Posted on 7/18/25 at 3:46 pm to weagle1999
Is your name Smaug?
Posted on 7/18/25 at 3:46 pm to weagle1999
When gold vs cash is your primary focus of an investment portfolio, you already lost the plot.
Posted on 7/18/25 at 4:00 pm to midlandtiger
quote:
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.
Tell me you don’t understand time value of money without telling me. If you’ve earned no return then you have indeed lost a lot of money because of inflation.
If you had invested in the S&P 500, you would have made a lot of money instead of losing it like you did.
This post was edited on 7/18/25 at 4:04 pm
Posted on 7/18/25 at 5:17 pm to weagle1999
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