Should I buy gold?

[Jan SobieskiParticipant 28791]

Should I and how is the best way to do it?

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

[Anonymous 42]

Buy used wedding and engagement rings from dumb chicks selling them next to nothing for Saturday Night Chad Thunderc~~~ money!

[TuneoutParticipant]

If it’s in your physical possession,yes it’s a good idea

If it’s just on paper and in someone else’s possession,

it’s not ,cause when the s~~~ hits the fan that piece of

paper will be worthless and you’ll never see it.

Lifes a bitch,but you don't have to marry one!

[RusskyParticipant 13503]

IMO best way to do it is buying rare coins or cheap jewelry – something that will never be regulated out of existence. Trade, possession and transportation of minted coins, bars and bulk gold could be outlawed at any time, but even tyrannies like Soviet Union allowed some trading in coins of numismatic value and jewelry.

proud carrier of the 'why?' chromosome

[Anonymous 54]

Yes now is the time to buy.The price is low . Use it as a hedeg against the next recession.Buy silver long term.

[Anonymous 0]

Yes, yes, yes. Buy physical gold and keep it safe but where you can get at it. Silver as well. Even if you only cashed in a few bars a year during your retirement, it would be a welcome addition to your pension. OR if you live in a state where you can pay for some government services in gold you can realize the tax free savings.

[Anonymous 42]

Oh yea, I forgot to mention, don’t buy 100Troy oz. mint bars, I had one and couldn’t get as much money as if I would have with Ten 10oz. ingots weighing the same, the bars are harder to get rid of.
Silver lags behind gold when prices go up giving you time to cash in on the market change.

Don’t buy these:

Buy these:

[Biggvs_DickvsParticipant 3725]

Short answer: No.

Longer answer: As the saying goes, you should “always own enough gold to bribe the border guards with.” But not a whole lot more.

More than that and you’re giving up a huge opportunity cost.

Gold is a store of value, nothing more. At best it’s a hedge, at worst you can lose value – a lot.

Yes yes, it will always have some inherent value because women like shiny things, and shiny things help get you laid. If you’re really worried about Mad Max times, stock up on toilet paper and ammunition – talk to anyone that lived through the Blitz or similar wartime disaster situations and they’ll tell you that TP is literally worth its weight in gold.

Economically, it’s a wash. The potential gains don’t outweigh the risk premium by a wide margin. GOLD IS NOT AN INVESTMENT. REPEAT: GOLD IS NOT AN INVESTMENT

It is a non-productive asset.

Picture a scenario where the economy in China goes south and they need cash just to run things, buy food, etc. They have a MASSIVE gold reserve which they could start selling off to raise cash. That in turn would TANK the price of gold and your “investment” along with it.

Russia did the same back around the early nineties I think. And THEY still have a huge reserve too.

OTOH, if the dollar ever goes in to hyperinflation then gold will be worth a fortune in worthless dollars, but still. This seems relatively unlikely despite the off the hook c̶o̶u̶n̶t̶e̶r̶f̶i̶e̶t̶i̶n̶g̶ quantitative easing that the Federal Reserve™ keeps doing because we have our military backed currency as the world’s reserve currency. A couple of guys tried to sell their oil and stuff with other money and didn’t do so well: Saddam Hussein and Muhammar Khadafi

So in my humble economic opinion, a little gold(and/or silver) is good in case the S reaaly HTF, but otherwise you’re much better off with a balanced/diverse stock/bond portfolio.

I a finance class we took, we did the exercise and it turns out you only need about 12 different stocks from different sectors to get 80% or more of the benefits of diversification.

So even if one sector of our economy takes a MAJOR nose dive, it will be compensated for by the others. For example, your oil stock go in the s~~~ter because the price of oil tanks, but then your airline stocks go through the roof because cheaper fuel prices give them much higher profits. You get the idea.

Anonymous wrote:

Buy used wedding and engagement rings from dumb chicks selling them next to nothing for Saturday Night Chad Thunderc~~~ money!

I’ve tried putting an ad up like that on craigslist before and it got flagged. Any suggestions on how to go about doing this?

Anonymous wrote:

OR if you live in a state where you can pay for some government services in gold you can realize the tax free savings.

Where the hell is this? Not saying I don’t believe you – I’ve just never heard of it.

"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,

[Anonymous 42]

Biggvs_Dickvs wrote:

I’ve tried putting an ad up like that on craigslist before and it got flagged. Any suggestions on how to go about doing this?

I invested in my uncle’s pawn shop, but in the end my poor trading skills got me a couple tons of steel in a granite cutting table I have rusting in this dead economy we see to this very day! I own lots of rust! Someday lots of rotting wood after the roofs fail!
Do I give a f~~~? Naaaa, at this point the insanity all around me is totally hilarious! Like liquid nuthouse got into the water supply!

[Anonymous 24]

Gold is so much a bet against FIAT money that even those who made their fortunes lending paper for profit have a healthy reserve of it, I have no doubt. Big players would never NOT cover against losses if something were to change one day.

[ResidentEvil7Participant 9544]

I would only invest in gold if I’m sure it will give me a great return. I ask my dad if and when it’s a good time to invest in anything. He told me last spring it was not. I don’t know about then. I trust him.

https://themanszone.webs.com/

[Anonymous 24]

Gold was only 276 an ounce in 2001, the kickoff of money lending and mayhem.

Pay attention to the jump it makes during banking collapse of 08. Also nearly doubling from 04 to 08, where it had just previously been rather stagnant for several years before. It looks like many knew something was happening leading up to 08…

http://onlygold.com/Info/Historical-Gold-Prices.asp

I think it peaked at 1900 in 2011 as we were destroying Libya, a country that wanted to create a gold backed currency.

[Anonymous 16]

Yeah noticed that yesterday joe.
I was thinking in buying some gold. Not much just invest a few thousands.
But..
I dont know it migth go down rather than go up.
Soo i said nahhh f~~~ it.
if something happens i will find a way out, i mean i scaped hell twice (kicked out) earth cant be soo hard.

[hmskl’dParticipant 6406]

Yes

[Anonymous 43]

https://www.washingtonpost.com/news/morning-mix/wp/2016/09/21/royal-canadian-mint-employee-allegedly-smuggled-140000-worth-of-gold-in-his-butt/

[Anonymous 43]

one piece at a time, and it didn’t cost me a dime

[Chaff/FlareParticipant 3235]

Anonymous wrote:

one piece at a time, and it didn’t cost me a dime

That’s why we are broke, we never thought to put something in our ass.

When you find yourself in the majority, it's time to reflect.

[HitmanParticipant]

The vaseline..
Ouch!
The vaseline was the real give away. .hahaha! !!

[MadmanParticipant 772]

apmex.com, JMBullion.com

[Author]

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