Investing In Physical Gold

[Anonymous 7]

I have been saving money recently and don’t need cash in the foreseeable future.

I would invest in stocks but I don’t trust our 18 trillion dollars in debt.

Any of you collect silver or gold?

Any opinion welcome,thanks

And having gold bars is just f~~~ing cool, like come on.

http://www.apmex.com/product/83827/10x-1-10-oz-gold-combibar-valcambi-in-assay

[BeerParticipant 11832]

Why on earth would you buy that s~~~? Its over priced by 150 dollars an ounce compared to market value at the moment.

[Anonymous 7]

Beer wrote:

Why on earth would you buy that s~~~? Its over priced by 150 dollars an ounce compared to market value at the moment.

Safety net, Gold will always have value no matter what.

Its the only real money.

[CaliParticipant 753]

I’ve got a little silver, but not all that much. From my understanding, silver and gold are basically just mechanisms against inflation, but if you want to be prepared, you will not only buy gold and silver, but also other things. Once another Great Depression hits, you can’t guarantee what happens next, and you certainly can’t guarantee that people will want your precious metals, so you will need to have other commodities to trade with. Some of the best options are dehydrated or canned foods, useful medicines, guns, ammo, clean water, and other such things. However, make sure your stash is in an extremely secure location, as FEMA is authorized to confiscate any food you may be hoarding.

Anyways, good luck with your investing, and you are absolutely right in saying that having gold bars is cool.

Just a misogynist virgin hiding away in his mother's basement. Nothing to see here...

[Jan SobieskiParticipant 28791]

The problem I have in is all the gold coins come in those plastic cases. You can’t actually hold and touch it.

Love is just alimony waiting to happen. Visit mgtow.com.

[BeerParticipant 11832]

Anonymous wrote:

Safety net, Gold will always have value no matter what.

Its the only real money.

I don’t mean gold in general, I mean that website…golds about 1200 an ounce right now…why would you want to pay 1350 an ounce? Do you think that little plastic case is worth 150 dollars?

[Anonymous 7]

Beer wrote:

I don’t mean gold in general, I mean that website…golds about 1200 an ounce right now…why would you want to pay 1350 an ounce? Do you think that little plastic case is worth 150 dollars?

oh haha thanks for looking out.

I wasnt planning on buying that exact product, just wanted a picture.

[bigboy83Participant 11312]

Investing in gold is as useful as a poopie flavor lollipop.

Stock market crash consist of:

Oil, Commodities, equities. Everything is going to go down.

Invest in the dollar. It’s not any good. But we’re the best house in a bad neighborhood.

What are you going to do with this gold, sell it? Who’s going to have 1500 a ounce,to buy it from you?

Shit Tested, Cunt Approved.

[ILiveAgainParticipant]

One would be wise to hold physical gold/silver NOT PAPER.

This is just to secure other items in a portfolio.

Gold is obvious currency come a massive bust. Silver is a used metal … it needs to me extracted as stocks are used by industry.

Silver streaming (google) would also be a good add on.

Remember, paper is only worth the paper its on and the ‘confidence’ the market has in it.

Money, bonds, paper gold and silver are of no use when a system dives.

Yes have stocks and shares etc but you would be foolish to put all eggs in that basket.

Spread your risk. Another mass extraction is on the way.

[DeepInThoughtParticipant 2710]

As i say to most people who bash gold and other precious metals as a currency only commodity. Remember as you type away on your PC, laptop, iPhone etc etc most of those components inside them are gold coated.

[Silverstone the SecondParticipant]

I’d say both gold and silver are good investments, but they will only go so far. If we have an economic collapse, it will take a bar of gold to buy bread. I’d also invest in real, physical things like food and have something that you can protect your investment with like a gun. Who’s going to protect you when there are no police?

Feminism is a movement where opinions are presented as facts and emotions are presented as evidence.

[Biggvs_DickvsParticipant 3725]

Investing In Physical Gold

Gold is not an investment.

At best it is a store of value, but one which can easily lose value for unforseeable reasons.

Do not ever “invest” in gold. However, you should always own enough to bribe the border guards with.

[Don’t know who originally said that, but it’s a good one]

It’s also a hedge against hyperinflation, but again not an investment, since it does not produce or increase in inherent/intrinsic value, only in market value. And that market value can very easily drop if one of the countries that previously hoarded gold decides they need spendable cash and dump a bunch on the market. That kind of thing can depress the gold market for years, meanwhile your cash is all locked up in it at the higher price.

At that point your only choice if you need spendable money is to take the loss. The alternative is to hold on to it hoping it will go back up, but that’s classic sunk cost fallacy at that point. Plus you have the opportunity cost of not having cash to invest at a real rate of return.

However, if there is massive hyperinflation, a few ounces might buy you an entire city building, as was apparently the case in Weimar Germany.

Since it’s impossible to predict which, I believe the risk premium far outweighs the potential gains.

Therefore, I keep a few dozen ounces of silver and a couple ounces of gold in case the “worst” happens, but no more.

Anyone who tries to tell you differently is probably a scam artist or huckster, at least in my opinion. Your mileage may vary, I’m not a professional financial advisor, etc etc.

"Data, I would be delighted to offer any advice I can on understanding women. When I have some, I'll let you know." --Captain Picard,

[Biggvs_DickvsParticipant 3725]

If you already read the above, please re-read italicized sentence near the end. The original version was from opposite day (now corrected in italics).

My bad.

"Data, I would be delighted to offer any advice I can on understanding women. When I have some, I'll let you know." --Captain Picard,

[TaoTheMgtowWandererParticipant 263]

as Iliveagain has said about the massive bust, it is coming, i have heard reports recently explaining as much, and an interview saying essentially “the global economy is about to flush itself down the s~~~ter.”

such as: x22 report – episode 899

everything is going to s~~~, get your assets into physical metals as soon as possible, because if your money/precious metals is not in your hands, you dont own it.

its time to buy guns, ammo, food and bugout bags, camping equipment to leave if everything goes to s~~~e.

My peace of mind is worth more then your vagina...cunt.

[DeepInThoughtParticipant 2710]

Biggvs_Dickvs wrote:

Do not ever “invest” in gold.

Agreed.

However, I day trade gold equities atm for cash.

[bigboy83Participant 11312]

Stock market is a bubble ready to burst. Banks are telling their investors to sell everything. Dow will drop to 5500, equity drop will follow commodities, drop. China stock market dropped 42% in three months. Chinese are the leading consumer of commodities, if their not buying it’s because their not growing.

The member above me has a point, buy enough gold for bribery purposes.

Shit Tested, Cunt Approved.

[BeerParticipant 11832]

DeepInThought wrote:

As i say to most people who bash gold and other precious metals as a currency only commodity. Remember as you type away on your PC, laptop, iPhone etc etc most of those components inside them are gold coated.

Most precious metals have industrial uses…but if we have a total meltdown of our currency they’re useless to the average person. Nobody is going to be like f~~~ yeah…I have an ounce of gold, I’m going to go build some gold coated electrical components in my garage now since I can’t buy them with useless dollars.

Silverstone the Second wrote:

I’d say both gold and silver are good investments,

They’re awful investments. As someone posted earlier in this thread they are an inflation hedge at best.

If you bought 1000 dollars worth of gold 30 years ago and 1000 dollars worth of Coke stock 30 years ago, the gold would have tripled in value(basically kept even with inflation) and the coke stock increased by about 20X plus steadily paid out dividends which would have multiplied your gains if you reinvested them. The same holds true for a ton of large companies…Caterpillar, Johnson and Johnson, MMM, ATT, Wells Fargo, Kraft, Disney, etc etc.

Pick 5 large companies you think will be in business for at least the next 80 years which will cover however long you end up living, and split your money between them and don’t look at it for 30 years. At the end of 30 years if 4 of them go completely bankrupt and one remained steadily profitable you’d have made a better investment then going gold, and with the way business works today the chance of a large corporation that actually produces something(not some bulls~~~ overpriced company like facebook or linkedin that doesn’t really own or create anything) going to 0 is practically non-existent…they generally end up getting bought out or merging instead, and in either of those situations share holders don’t get wiped out they just convert to shares of the new company.

[SpacemonkeyParticipant 1481]

I had some gold once, 2×250 gram bars. I ended up having to sell them at the bottom of the market and lost quite a bit on it.

But then again I know some guys who bought in 2008 and they have made good money.

The plastic case they come in is intended to prevent tampering. Take them out of the case or break the seal and you will have to get them assayed before you can sell them.

Then you have the problem of where to keep it and do you insure it? Should you put it in a safe deposit box? Anyway youlook at it gold is going to cost you money just to store the stuff.

I think a safer investment is property. There are funds based on property investment based in key areas like London and New York where property always goes up.

“Long is the way and hard, that out of Hell leads up to light.”

[RoyDalParticipant]

Biggvs_Dickvs wrote:

Gold is not an investment….Do not ever “invest” in gold. However, you should always own enough to bribe the border guards with.

Give some thought to collecting old coins from the bygone days when they were made of silver and gold. A coin collection has many advantages over bars. For example, you can pluck a gold piece from it, cross the palm of a border guard, and be on your way. A merchant will take a silver or two with no need to make change from your bar.

Prudently chosen real estate and stocks (current market excepted perhaps) will always be a better investment than gold. Barring a complete breakdown of law and order — or a socialist takeover — these are the best long term investments. Emphasis on the prudently chosen!

I went with real estate and am “retired” young because of it. I am set for life…. Unless a mob takes it away from me (or the guys with badges and guns, assuming there’s a difference).

Society asks MGTOWs: Why are you not making more tax-slaves?

[Prefer Peace to PieceParticipant 10809]

Lottery-

I am familiar with the Valcambi Combibars, and purchased a number of them from Apmex. They are about the size of a credit card and can be easily divided into smaller units worth about $50 each. A while back I had a conversation with Steve Quayle, and at the time the Combibars were his favorite investment. I also have some 1/10 krugerrands and junk silver (prefer dimes). The dollar may not be around forever. Let us know what you decide to do. Thanks.

[Author]

Posts