View Poll Results: Do you own gold as an investment or hedge against falling dollar.

Voters
25. You may not vote on this poll
  • Yes physical gold (Jewelry,coins,Bullion)

    6 24.00%
  • Yes in an IRA or GLD

    0 0%
  • Yes, but not due to fear of collapse

    4 16.00%
  • No

    15 60.00%
Multiple Choice Poll.
Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 48

Thread: Do you own Gold as a an investment or hedge?

  1. #21
    Sage

    Join Date
    May 2011
    Last Seen
    Today @ 03:32 PM
    Gender
    Lean
    Centrist
    Posts
    8,180

    Re: Do you own Gold as a an investment or hedge?

    I thought about this long and hard and was extremely tempted to throw every bit of discretionary money I had at gold and silver back in 2008-2009. Turns out it could have made me some quick money considering what happened over the next 1-3 years. But I didn't.

    Despite the regrets that come with 20/20 hindsight, what turned me away from metals then was my assessment of why I wanted to go into it in the first place, which for me at the time was to find the most secure store of wealth. But I didn't just adopt prevailing wisdom. I had to ask myself what really has intrinsic value, and I came to the conclusion that it was more than just what others would be willing to trade me for it (which would be the case for metals), but which has ongoing value in what it actually can produce or provide to my life at the same time. As such I opted not to invest in metals and instead saved cash and ended up purchasing a home and acreage with many features conducive to self-sufficiency. So even if something happens and no one wants to trade what I want for this property, and even if the dollar falls, and even if the **** hits the fan, and so forth, the property we own outright remains a secure investment that can keep us comfortable. If those other things happened, I'd have to decide whether to exchange the metals or not in the first place, and then have to figure out how, and so forth. You can't eat gold and silver, can't plant crops in it, and for the most part can't fire it out of a gun to kill game. It has no useful value. Just value in what others are willing to trade for it.

    In my estimation one of the only potentially sure bet investments out there (although beware it will sound kooky and paranoid) is actually in the stockpiling of ammunition and related reloading materials and capabilities. That would have virtually infinite value if **** got crazy, and I believe even if it doesn't get crazy (societal unrest) that the price/value will nonetheless continue to rise. But for many people it wouldn't take long to kind of hit your max with that. Throw a few thousand dollars or at max $10,000 at firearms, ammunition and reloading materials and capabilities and you're kind of maxed out for the foreseeable future. Farther down that rabbit hole, you might as well take your money and buy yourself some time to educate yourself in survivalist and other skill sets that would come in handy were things to drastically change for you (or society).
    Last edited by Neomalthusian; 04-27-14 at 04:46 AM.

  2. #22
    Minister of Love
    PoS's Avatar
    Join Date
    Feb 2014
    Location
    Oceania
    Last Seen
    Today @ 02:41 PM
    Gender
    Lean
    Libertarian
    Posts
    11,962

    Re: Do you own Gold as a an investment or hedge?

    No, I have purchased real estate and keep most of my money in cash since I got out of the market last year.

  3. #23
    Banned
    Join Date
    Mar 2014
    Location
    NE WI.
    Last Seen
    08-30-15 @ 03:41 PM
    Gender
    Lean
    Other
    Posts
    2,029

    Re: Do you own Gold as a an investment or hedge?

    `
    I have been buying gold, I mean to have and own physically, in small tangible increments, not as an investment or a hedge, but just in case **** happens such as a societal breakdown or whatever.
    `

  4. #24
    Banned
    Join Date
    Feb 2014
    Last Seen
    06-19-14 @ 11:55 PM
    Lean
    Undisclosed
    Posts
    1,471

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by Neomalthusian View Post
    I thought about this long and hard and was extremely tempted to throw every bit of discretionary money I had at gold and silver back in 2008-2009. Turns out it could have made me some quick money considering what happened over the next 1-3 years. But I didn't.

    Despite the regrets that come with 20/20 hindsight, what turned me away from metals then was my assessment of why I wanted to go into it in the first place, which for me at the time was to find the most secure store of wealth. But I didn't just adopt prevailing wisdom. I had to ask myself what really has intrinsic value, and I came to the conclusion that it was more than just what others would be willing to trade me for it (which would be the case for metals), but which has ongoing value in what it actually can produce or provide to my life at the same time. As such I opted not to invest in metals and instead saved cash and ended up purchasing a home and acreage with many features conducive to self-sufficiency. So even if something happens and no one wants to trade what I want for this property, and even if the dollar falls, and even if the **** hits the fan, and so forth, the property we own outright remains a secure investment that can keep us comfortable. If those other things happened, I'd have to decide whether to exchange the metals or not in the first place, and then have to figure out how, and so forth. You can't eat gold and silver, can't plant crops in it, and for the most part can't fire it out of a gun to kill game. It has no useful value. Just value in what others are willing to trade for it.

    In my estimation one of the only potentially sure bet investments out there (although beware it will sound kooky and paranoid) is actually in the stockpiling of ammunition and related reloading materials and capabilities. That would have virtually infinite value if **** got crazy, and I believe even if it doesn't get crazy (societal unrest) that the price/value will nonetheless continue to rise. But for many people it wouldn't take long to kind of hit your max with that. Throw a few thousand dollars or at max $10,000 at firearms, ammunition and reloading materials and capabilities and you're kind of maxed out for the foreseeable future. Farther down that rabbit hole, you might as well take your money and buy yourself some time to educate yourself in survivalist and other skill sets that would come in handy were things to drastically change for you (or society).
    Nope makes perfect sense to me. If you watch ALL of the race baiting they are placing on the BOOBTUBE and cannot see they are trying to create "social unrest" one would have to be either blind or just plain foolish.

  5. #25
    Banned
    Join Date
    Feb 2014
    Last Seen
    06-19-14 @ 11:55 PM
    Lean
    Undisclosed
    Posts
    1,471

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by beefheart View Post
    Gold has no actual use, not compared to other commodities that are actually useful.

    But, if you think that if there is going to be Armageddon and somehow your shiny yellow stuff will be worth something, go ahead, collect it.
    Then why are central banks hoarding it?

  6. #26
    Banned
    Join Date
    Mar 2014
    Location
    NE WI.
    Last Seen
    08-30-15 @ 03:41 PM
    Gender
    Lean
    Other
    Posts
    2,029

    Re: Do you own Gold as a an investment or hedge?

    `
    I also like it when people give me gold, for no apparent reason.
    `

  7. #27
    Resident Martian ;)
    PirateMk1's Avatar
    Join Date
    Apr 2012
    Location
    California
    Last Seen
    Today @ 12:49 AM
    Gender
    Lean
    Private
    Posts
    9,925

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by MaggieD View Post
    I guess that would be true. Against the falling dollar. I bought 25 ounces of gold for $300 an ounce in 2001, right after 9/11. One of my better investments -- but I don't intend to sell it.
    You did very well. Gold hasn't been much lower than that.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  8. #28
    Resident Martian ;)
    PirateMk1's Avatar
    Join Date
    Apr 2012
    Location
    California
    Last Seen
    Today @ 12:49 AM
    Gender
    Lean
    Private
    Posts
    9,925

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by beefheart View Post
    No, gold is not a good investment, and I don't invest based upon what talk radio hosts tell me.
    Sounds like you don't invest at all.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  9. #29
    Resident Martian ;)
    PirateMk1's Avatar
    Join Date
    Apr 2012
    Location
    California
    Last Seen
    Today @ 12:49 AM
    Gender
    Lean
    Private
    Posts
    9,925

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by beefheart View Post
    Gold has no actual use, not compared to other commodities that are actually useful.

    But, if you think that if there is going to be Armageddon and somehow your shiny yellow stuff will be worth something, go ahead, collect it.
    Gold is an industrial metal with industrial uses. Obviously you are not an investor of any sort or you would know this.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

  10. #30
    Banned
    Join Date
    Feb 2014
    Last Seen
    06-19-14 @ 11:55 PM
    Lean
    Undisclosed
    Posts
    1,471

    Re: Do you own Gold as a an investment or hedge?

    Quote Originally Posted by PirateMk1 View Post
    You did very well. Gold hasn't been much lower than that.
    Thing is though what most people here seem to not realize. Gold HAS ONLY EVER GONE UP!!!! unbelievable, sure you get major spikes up in value that are MONEY MONEY MONEY makers and then it drops back down BUT it NEVER ever fell back below previous valuations.
    check a long term gold chart and it only goes up in value. Sure you have swings up and down but the long term trend is always up!

    Whatever i see the hive mind thinking that the boobtube has ingrained. It is rather scary actually.

    Do you own Gold as a an investment or hedge?-tvsuckskidsbrains1-jpg

Page 3 of 5 FirstFirst 12345 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •