investing in gold. | |
Anonymous Coward User ID: 46287934 United Kingdom 06/04/2015 01:42 PM Report Abusive Post Report Copyright Violation | |
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User ID: 59916441 United States 06/04/2015 01:49 PM Report Abusive Post Report Copyright Violation | Quite simply it's the fall-back asset of last resort. Quoting: Anonymous Coward 46287934 Thus, DO NOT buy 'paper gold'. With gold, if you don't hold it, YOU DON'T OWN IT. Also, pay cash - DO NOT LEAVE AN AUDIT TRAIL. Buy small, a few grams at a time. +1 It's a worst case backup if the entire system goes to hell, DO NOT buy it with the expectation of eventually becoming rich. This is the way the world ends. This is the way the world ends. This is the way the world ends. Not with a bang but with a whimper. |
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User ID: 65696907 United States 06/04/2015 01:52 PM Report Abusive Post Report Copyright Violation | ok so i wanted to understand how gold investment works. obviously i know theres really no way to make money off of gold like a stock or bond. thats not what im worried about is making money. this is for the basic reason of survival. i wanted to know how to invest in gold in the first place. and how much i might need to invest in. if anyone could share some valuable info it would be appreciated. Quoting: TheWillowTree You can buy gold on paper like a stock and never have it shipped to your house, or you can play with it like my Dad does and buy it cheap from flea markets and people like that...he then sells it when the price is high enough. I collect minted gold coins both new and rare. I don't worry about price too much as I'm going to pass them down to my kids as a family heirloom. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
scurvy dog User ID: 68836565 United States 06/04/2015 02:14 PM Report Abusive Post Report Copyright Violation | Unlike stock market gold will always retain value . ALL ONLINE GOLD SELLERS ARE COMPLYING WITH IRS RAPPORTING Got extra cash from yard sale ? Buy ounce from local pawn shop . Only encapsulated credit suisse bars are easy to exchange. Other gold products have low re- sale value and require testing. 10% margin is good - 20 or more steal. |
Anonymous Coward User ID: 69419723 United Kingdom 06/04/2015 02:15 PM Report Abusive Post Report Copyright Violation | ok so i wanted to understand how gold investment works. obviously i know theres really no way to make money off of gold like a stock or bond. thats not what im worried about is making money. this is for the basic reason of survival. i wanted to know how to invest in gold in the first place. and how much i might need to invest in. if anyone could share some valuable info it would be appreciated. Quoting: TheWillowTree Check out bitgold dot com. |
Anonymous Coward User ID: 1712129 United States 06/04/2015 02:29 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68675290 United States 06/04/2015 02:41 PM Report Abusive Post Report Copyright Violation | Simple. You dont buy gold for survival reasons. You buy silver dimes. The smallest cost pm on earth. People with nothing will only be able to trade at the silver dime or quarter level. If the world losses faith in fake paper, silver will go back to the Roman denarius value. One denarius (silver dime) wage per day. Value=$80-120 current fake paper. de·nar·i·us noun: denarius; plural noun: denarii an ancient Roman silver coin, originally worth ten asses. a unit of weight equal to that of a silver denarius. an ancient Roman gold coin was worth 25 silver denarii. Judas got 30 pieces of silver. Enough to buy 300 donkeys or a small farm. It was equal to one gold coin, but no one could make change for that hence the 30 silver. --------------------------------------------- If you insist on gold, buy gram sheets. They break apart in their own sealed holders so everyone knows they are legit and not tampered with. [link to www.jmbullion.com] |
Anonymous Coward User ID: 69419723 United Kingdom 06/04/2015 02:49 PM Report Abusive Post Report Copyright Violation | Simple. You dont buy gold for survival reasons. You buy silver dimes. The smallest cost pm on earth. People with nothing will only be able to trade at the silver dime or quarter level. Quoting: Anonymous Coward 68675290 If the world losses faith in fake paper, silver will go back to the Roman denarius value. One denarius (silver dime) wage per day. Value=$80-120 current fake paper. de·nar·i·us noun: denarius; plural noun: denarii an ancient Roman silver coin, originally worth ten asses. a unit of weight equal to that of a silver denarius. an ancient Roman gold coin was worth 25 silver denarii. Judas got 30 pieces of silver. Enough to buy 300 donkeys or a small farm. It was equal to one gold coin, but no one could make change for that hence the 30 silver. --------------------------------------------- If you insist on gold, buy gram sheets. They break apart in their own sealed holders so everyone knows they are legit and not tampered with. [link to www.jmbullion.com] One denarius = |
Anonymous Coward User ID: 41761058 United States 06/04/2015 02:52 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 721437 United States 06/04/2015 02:57 PM Report Abusive Post Report Copyright Violation | right now is a bad time for gold. Quoting: Anonymous Coward 1712129 Get silver or plat instead. Then wait for the ratio's to go the other way and swap for gold. If you can catch the swings you can double your metals every few years without costing you a penny. This person is spot on!! You buy silver due to the current ratio of 74 to 1. |
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User ID: 65696907 United States 06/04/2015 02:57 PM Report Abusive Post Report Copyright Violation | ***BUY US SAVINGS BONDS*** Quoting: Anonymous Coward 41761058 Or side with the terrists. What's it gonna be, Citizen? I checked some of my bonds the other day, some are mature at 15 years old but the interest rate now is like 1.5% LOL I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 41761058 United States 06/04/2015 03:01 PM Report Abusive Post Report Copyright Violation | ***BUY US SAVINGS BONDS*** Quoting: Anonymous Coward 41761058 Or side with the terrists. What's it gonna be, Citizen? I checked some of my bonds the other day, some are mature at 15 years old but the interest rate now is like 1.5% LOL So ya almost broke even, then! ***BUY MOAR US SAVINGS BONDS*** Which side is your bread buttered on, Citizen? |
BRIEF
User ID: 65696907 United States 06/04/2015 03:03 PM Report Abusive Post Report Copyright Violation | ***BUY US SAVINGS BONDS*** Quoting: Anonymous Coward 41761058 Or side with the terrists. What's it gonna be, Citizen? I checked some of my bonds the other day, some are mature at 15 years old but the interest rate now is like 1.5% LOL So ya almost broke even, then! ***BUY MOAR US SAVINGS BONDS*** Which side is your bread buttered on, Citizen? You don't understand why I bought them, LOL but that's ok. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked. |
Anonymous Coward User ID: 41761058 United States 06/04/2015 03:19 PM Report Abusive Post Report Copyright Violation | Silver is the real potential moonrocket. I'd advise the little peeps to just stop by their local coinshop and buy a pre '65 quarter with the change from their change jar a couple times a month. Can't lose, long term. Silver is the money of the people for 6000 years, except for the last century. We are in an exception to a rule here. |
Anonymous Coward User ID: 68842739 United States 06/04/2015 04:04 PM Report Abusive Post Report Copyright Violation | I've bought a mix of everything. 1/4oz gold, 1/2oz gold, 1oz gold, 10oz silver bars, 1oz silver eagles, pre-1965 quarters, dimes, half dollars, silver dollars. It's all going to go up eventually, but only buy with the thought that this is money you don't NEED; they're more of an insurance policy than an investment in my opinion. If you're investing less than 5000 dollars you're better off just getting all silver. If you're trying to hedge for a fiat collapse type scenario and you don't have a lot of funds I would recommend spending most of your money on supplies. Guns, ammunition, non-perishable food items, water filters, tools, etc etc. If you have a decent amount of this stuff and you have extra money to burn then get the metals too. |
Anonymous Coward User ID: 67789990 United States 06/04/2015 04:13 PM Report Abusive Post Report Copyright Violation | there is a lot of counterfeit gold coming in from china; gold covered tungsten. you need to read this: [link to www.kitco.com] and only but from a reputable shop or dealer. |
Anonymous Coward User ID: 67789990 United States 06/04/2015 04:16 PM Report Abusive Post Report Copyright Violation | this is from last year, but it'll never get out of date. Tungsten - Shield Yourself From Fake Gold Friday June 27, 2014 12:59 Tungsten is an amazing metal: hard and dense, with the highest melting point of all elements, tungsten is used in many industrial and military applications where high temperatures or radiation are an issue. Alas, with a density very close to that of gold, it has also become the material of choice for many in the business of faking gold coins or bars. Weight and dimensional conformity used to be reliable indicators of the authenticity of standard gold items. While early forgeries may have been crude and simple, today’s “professionals” have found ways to keep shapes and weights in near perfect balance, making detection increasingly harder. |
Anonymous Coward User ID: 4151791 United Kingdom 06/04/2015 04:22 PM Report Abusive Post Report Copyright Violation | there is a lot of counterfeit gold coming in from china; gold covered tungsten. Quoting: Anonymous Coward 67789990 Coins - safe from tungsten, as tungsten is so hard it is terribly difficult to mint a coin with coin dies. for bars: 'ring' test - tungsten/gold does not ring when tapped with a pencil. Tungsten is also slightly less dense than gold. |
Anonymous Coward User ID: 69393884 United Kingdom 06/04/2015 04:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68760640 Switzerland 06/04/2015 05:28 PM Report Abusive Post Report Copyright Violation | First of all, you know whay you want to buy gold...that's a GREAT start! Quote: this is for the basic reason of survival. OK, so you want to find a reputable dealer in your area that's been in business for 20 years or more...do your homework. The smaller increments you but gold at...the higher price you will pay. Spot price this the current price you see on TV right now (or the internet) and the dealer has to make a living, so he will mark up the gold so he can make a little profit (he's gotta eat to). If you buy 5 ounces at once (alwas buy physical and not paper) you will probably pay about 25-35 dollars over spot price. If you are looking at a few grams, the markup will be higher. These business operate on a cash & carry basis (so nobody knows you own gold)...you need to walk in with a pocket full of money & walk out with gold in your pocket, so you might want your big burley brother to come along with you. Don't overlook physical silver...The current spot price of silver is less than it costs to mine silver!!! Gold should have four 9's on it (9999) and silver has 3 (999)...if it doesn't, don't buy it...Even 9995 is not good enough. Make sure it says a TROY OUNCE or 31.1 grams (a standard US ounce is 28 grams) so if it just says 1 ounce, don't buy it. |
Anonymous Coward User ID: 4360879 United States 06/04/2015 05:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69422591 United States 06/04/2015 07:01 PM Report Abusive Post Report Copyright Violation | Simple. You dont buy gold for survival reasons. You buy silver dimes. The smallest cost pm on earth. People with nothing will only be able to trade at the silver dime or quarter level. Quoting: Anonymous Coward 68675290 If the world losses faith in fake paper, silver will go back to the Roman denarius value. One denarius (silver dime) wage per day. Value=$80-120 current fake paper. de·nar·i·us noun: denarius; plural noun: denarii an ancient Roman silver coin, originally worth ten asses. a unit of weight equal to that of a silver denarius. an ancient Roman gold coin was worth 25 silver denarii. Judas got 30 pieces of silver. Enough to buy 300 donkeys or a small farm. It was equal to one gold coin, but no one could make change for that hence the 30 silver. --------------------------------------------- If you insist on gold, buy gram sheets. They break apart in their own sealed holders so everyone knows they are legit and not tampered with. [link to www.jmbullion.com] it's 2k for a mule, thus 600000$ for 30 silver. 600k = roughly 500 oz gold [link to www.equinenow.com] 600k = roughly 500 oz gold |
Anonymous Coward User ID: 69422591 United States 06/04/2015 07:02 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1406816 United States 06/04/2015 07:06 PM Report Abusive Post Report Copyright Violation | Silver is the real potential moonrocket. Quoting: Anonymous Coward 41761058 I'd advise the little peeps to just stop by their local coinshop and buy a pre '65 quarter with the change from their change jar a couple times a month. Can't lose, long term. Silver is the money of the people for 6000 years, except for the last century. We are in an exception to a rule here. Putting all the silver you own in a backpack and bugging out can be a problem tho. |
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SaltyChrisFowler User ID: 60060537 United States 06/04/2015 07:32 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69361858 Greece 06/04/2015 07:57 PM Report Abusive Post Report Copyright Violation | Most gold buyers, like the poster I'm quoting, do not really have faith in gold. If they did, they would understand that the price can skyrocket (especially in a SHTF scenario) and stuff like 10 ounce bars could be so expensive that one won't even be able to exchange them. If 1oz goes to 10-15-20k USD, 1/10th oz and 1/4th oz coins will be the preferred ones and anything beyond 1oz would be too much for most uses. Gram bars could also come in handy. |