Investing In Physical Gold

[Anonymous 11]

My only problem with it is the 28% collectibles tax plus state taxes. What’s to stop a government from nationalizing your Gold just when YOU need it?

It is good for portfolio insurance for certain financial calamaties, but you’d better buy wisely.

[Big BossParticipant 4496]

Anonymous wrote:

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

First you don’t “invest” with physical gold and silver unless you keep track of daily, monthly, and yearly trends in the market trade and plan on doing frequent or a cash out trade. What you are doing is insuring your savings value. An investment means you put money into an organization/asset to get a share of the return profits. Your not really doing that from what it sounds like.

What I did in 2007-2008 was buy a lot of silver and some gold coins to make sure that what I had stored in that time won’t be lost with dollar destruction by inflation. Yes I can technically get a massive profit from it, but I’m not interested in the profit. I am interested in the security of my saved wealth.

I do recommend getting around 3 months of money in savings in gold and silver. We don’t know what’s around the corner yet. You don’t want to end up in a situation where they switch currencies of the FRN and you see thousands of dollars wiped out to hundreds. For instance in Mexico around 20 years ago they revalued the peso so people had reports that 5,000 dollars one day turned into 500 dollars overnight. Gold and silver keeps its value.

[Big BossParticipant 4496]

Also sorry for the odd bolding. I just wanted to bold the sentence “What you are doing is insuring your savings value.” but I didn’t get an edit option to correct the tags, then I had to head off.

[OldBillParticipant]

The most repeated argument I’ve heard for holding “physical” gold, instead of futures commodities positions, is for purchasing and/or barter purposes when S~~~ Hits The Fan; i.e. economic, societal, etc. collapse. However, from everything I’ve been able to read or uncover about previous SHTF situations like Argentina 1999-2002, Brazil hyperinflation in the 1980s, and others gold coins, ounce bars, and sub-ounce slips weren’t too much help in most situations.

The problem is that a gold coin, ounce bar, or sub-ounce slips represent too much purchasing power in most situations. Sure, you can use it to bribe that border guard to look the other way, hire the fishing boat to cross the gulf, or buy the occasional apartment building (as allegedly occurred in late Weimer Germany), but it’s far harder to use gold to meet your daily, weekly, or even monthly needs.

It’s akin to walking into a convenience store for a gallon of milk and only having a $1,000 bill.

By all means invest in gold as part of a balanced portfolio. Gold is not a magic bullet however. Nothing is.

Do not date. Do not impregnate. Do not co-habitate. Above all, do not marry. Reclaim and never again surrender your personal sovereignty.

[chirParticipant]

Gold is for maintaining value and for large purchases. Silver is for everyday money. I have some gold but I have a lot of silver including pre-1964 dimes and quarters which are 90% silver. Got a big bag of those. Nothing rare just valued for their silver content.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[BurgundyParticipant 1525]

You only buy gold/silver to diversify your “stocked money”, you can hardly win anything from it, it’s just there as a mere safety net, in physical form, should we suddenly swipe all fiat currencies from the face of earth.

I rather buy physical Silver, easier to use, should it ever come to that, I don’t really care at this point, they are now just some random collection to me, one day they might be more, but right now, they are just that diversified money pot.

Don’t buy it because of some deluded fantasy, that you may earn from it, you most likely won’t.

Then again, in the end, that backpack with survival kits in it, ain’t worth much, until s~~~ goes down either, they are all, “Just-in Case”, because having a plan B, is better than plan: “roll over dead”.

[chirParticipant]

Buying Gold and Silver are like Plan A and Plan B. Keeping a good stock of Toilet paper, vodka, and ammo for barter is Plan C.

It is by caffeine alone I set my mind in motion, it is by the beans of Java that thoughts acquire speed, the hands acquire shaking, the shaking becomes a warning; it is by caffeine alone I set my mind in motion.

[Anonymous 7]

Prefer Peace to Piece wrote:

Let us know what you decide to do. Thanks.

Thanks for telling me about the Valcambi bars, I look into them. I think I am going to just get a small amount of gold and silver maybe around 1k and save it for If I ever need it.

[Author]

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