Gold-good investment or hype.
- Thread starter doc111
- Start date
Mcgician
Well-Known Member
As a conductor of elecitricity, gold is second to none. As a currency, I've always had my doubts. I struggle to understand why a block of shiny metal is worth X amount of $ or any other form of currency. I mean, come on, it's not the bronze age anymore. When the shit REALLY hits the fan, it's gonna be guns, ammo, food and water that are most important.
doc111
Well-Known Member
It's worth X amount of $$ because people say it is. Simple as that.........
CrackerJax
New Member
The entire monetary system is based on faith ... in each other.
if you're really not into gold you can buy automatic guns. those things hold their value, or increase in value over time...
the thing is that a gun has to be well maintained.
you can bury a block of gold for 150 years and dig it up, still gold, still worth something....
the thing is that a gun has to be well maintained.
you can bury a block of gold for 150 years and dig it up, still gold, still worth something....
TheBlazehero
Active Member
yeah since 1913. more so in 1933. finally in 1971.
CrackerJax
New Member
Actually, ever since mankind invented currency, which is in reality a promissory note. One must believe in the promise.
TheBlazehero
Active Member
paper currency is backed by guarantees of the central bank and are only valuable with faith in the ability of the guarantor. precious metals used as currency are not IOUs, they are hard money of value because of their relative scarcity and value to others. the faith is that someone, somewhere will trade for your metal. i'd much prefer holding precious metal than paper currency in 1920s Germany or 1990s Soviet Union.
heyguy901
Well-Known Member
who gives a shit if Jew's have alot of money. so do whites, so do blacks, look at japan man, they are fuckin rich. so don't blame shit on the jews, hitler. it's like blaming whites for all the c.e.o.'s that fuck people over by doing inside trading. it's human nature, not a race's nature. stop being extremely extremely ignortant. get out of the united states, meet people from different countries, read books and take off your "white" lenses through which you look at the world
btw i'm not jewish or have jewish lineage i think it's incredibly stupid that people can blame a race that knows how to handle their money. it
OWNED!
CrackerJax
New Member
You can trade the paper money... for metal. But what indeed is the metal? Gold is truly as useless as paper to the common man. What made gold so desirable in the past, before any technology was around to take advantage of its properties (conduction)? It was pretty?
In the end, it's all quite arbitrary. It's really faith in each other.
drugreference
Active Member
TheBlazehero
Active Member
say what you will, but i'd say gold has a better chance to go to $3k than to drop below $1k in the foreseeable future. i'd buy some silver too. the point is that gold doesn't really appreciate so quickly in value but that the dollar will lose value to gold, i'm not talking about gold as currency, that is illegal in the USA. i'm suggesting that gold is a safer 'real' asset compared to the dollar. i'd rather have 5 1oz american buffalos than $5000 in my safe. it is actually worth its' weight.....in gold.
CrackerJax
New Member
If Gold goes to 3k, the dollar will cease to be a currency of standing.
So now, what do you DO with the gold? Eat it? You still need to convert it to use it, cumbersome. 10% of ur holdings, no more.
If ur not already invested, i wouldn't go more than 5%. It's way too high in the cycle to be buying up now. Never chase a high price on a hunch.
So now, what do you DO with the gold? Eat it? You still need to convert it to use it, cumbersome. 10% of ur holdings, no more.
If ur not already invested, i wouldn't go more than 5%. It's way too high in the cycle to be buying up now. Never chase a high price on a hunch.
burnonedown21
Member
I'm no expert but gold seems to me to be a good place to put money you have no other use for for a long time. It will never become valueless and you might lose some money in it but the past few thousand years show that gold will always be in demand. I would never get into gold, it just doesnt have any real roi when compared to inflation and is impossible to judge what it will do in the market without some serious skills. So basically if you wanted to put money into gold it would have to be for a long long time and with the new roth ira rules I would much rather put money there and leave it. But on another note if i ever came across alot of cash that wasnt exactly aquired legally, which im sure alot of people on this forum sometimes do I would feel safe putting it in gold and then leaving it there till it was needed considering you could always claim that it was found in a deceased family members house/ given to you by a wealthy family member, etc. I would much rather be caught with 20k in gold than I would in cash
CrackerJax
New Member
Well, if you bought last month, ur crying the blues now....
Never buy when everyone says it's hot... you've already missed most of the profit. When investing in any commodity, it's about getting there quickest. If the herd already knows ... it's too late for serious profit taking. When someone at WalMart tells you gold is where it's at ... rest assured it's over.
Never buy when everyone says it's hot... you've already missed most of the profit. When investing in any commodity, it's about getting there quickest. If the herd already knows ... it's too late for serious profit taking. When someone at WalMart tells you gold is where it's at ... rest assured it's over.
burnonedown21
Member
But the price of gold, even if it did just take a major climb, will undoubtedly be higher in 10 years then it is now. the question is will that higher price beat out inflation rates
Johnnyorganic
Well-Known Member
It's too late for gold. Buy what is cheap now, but will have value later.
Like real estate. Land. Not making much more good ground nowadays,
CrackerJax
New Member
You can say that about anything.
Everything runs in cycles. If Gold is going up up up, probably the dollar is going down down down.
Which means as ur gold goes up, the convertible cash is becoming less valuable.
The trick is to get something going up up up, when the dollar is doing the same, and that isn't gold my friend.
Ppl run to gold when things seem to be spinning out of control, but what can you do with it? At some point you must convert it. They charge a fee to do that too. It's a pain.
If you want a emergency "nest egg" and wish to keep it long term, wait for a strong economy (uhh after Obama) and buy ur nest egg when gold drops.
It's better to stay liquid and move around with the market. Gold can be an anchor.
JoffyTreez
Member
Im tryin to become a good commercial grower using hydroponics any help?
CrackerJax
New Member
Sure, don't buy gold right now.
Also, you could go to a grow thread .. that always helps
Also, you could go to a grow thread .. that always helps