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Do you own Gold as a an investment or hedge?

Do you own gold as an investment or hedge against falling dollar.

  • Yes physical gold (Jewelry,coins,Bullion)

    Votes: 5 23.8%
  • Yes in an IRA or GLD

    Votes: 0 0.0%
  • Yes, but not due to fear of collapse

    Votes: 3 14.3%
  • No

    Votes: 13 61.9%

  • Total voters
    21

votemout

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Private poll

Do you own Gold as a hedge against a falling dollar?
 
I do, but as part of a diversified investment portfolio. The dollar isn't going anywhere.
 
I used to. Bought gold right after 9/11. Saw that coming a mile away.
 
No. And if I had excess cash...I still wouldn't. There are better, equally safe investments, IMO.
 
No. And if I had excess cash...I still wouldn't. There are better, equally safe investments, IMO.

only people with money usually buy gold for investment, some small investors are able to make money, but more often it is people with cash.

gold should be used as a hedge against inflation, for economic downturns, security....gold has never been worthless in 5000 years......fiat currency has.
 
only people with money usually buy gold for investment, some small investors are able to make money, but more often it is people with cash.

gold should be used as a hedge against inflation, for economic downturns, security....gold has never been worthless in 5000 years......fiat currency has.

Thats is why I own gold.
 
Private poll

Do you own Gold as a hedge against a falling dollar?

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.
 
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.

One thing for sure, it won't go below what you paid for it.
 
No, gold is not a good investment, and I don't invest based upon what talk radio hosts tell me.
 
Besides that, how are we supposed to know if the gold we are investing in is 100% pure gold and not diluted by mixing gold with lead?


Having it assayed. LOL wow
 
Judging form the answers I see here sorta explains a lot of the views I see here at this forum.
 
No, I like productive investments and if I'm really looking at commodities why wouldn't I just go for an ETF? I think things would have to change dramatically for it to be worth considering.
 
Judging form the answers I see here sorta explains a lot of the views I see here at this forum.

Yup...a lot of ignorance about gold...which is understandable.

Make no mistake, over the last two years, gold has been a terrible investment...down over 20%.

But if you bought it 10 or 15 years ago...it is a fantastic investment (up 227% and 362%, respectively)...far exceeding what the DOW (approximately 60% and 49%, respectively - by my rough calculations) has done over that period.

Gold Price History

Dow Jones Industrial Average (1900 - Present Monthly) - Charting Tools - StockCharts.com

And with fiat currency out-of-control and central banks with the pedal to the 'money printing' metal...gold (and silver's) time to shine is definitely not over (IMO).
 
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Having it assayed. LOL wow

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 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.

Btw, gold is not just a hedge against trouble. Primarily it seems to be a hedge against monetary instability and inflationary concerns.

Look what happened to the price of gold as the housing market boomed (when there were probably few fears of disaster)?

The price from 2002 to the beginning of 2007 more then doubled.

Yet, once the 'great recession' began, the price of gold plummeted by almost 1/2...because the U.S. Dollar has become the new safe haven (wrongly, IMO).

Gold Price History


It is true that people do buy gold for 'safe haven' reasons. But I believe most now buy it when there is inflationary/monetary concerns.
And lately, everyone seems gaga about the future (again, wrongly IMO) as governments/central banks are 'printing money' as fast as they can to prop up economies/stock markets...so gold has taken a big hit.
 
Besides that, how are we supposed to know if the gold we are investing in is 100% pure gold and not diluted by mixing gold with lead?

so far I have hear of gold being mixed with tungsten, with is an expense metal itself, and this had to do with gold from china.

I don't buy any gold or silver from china, and stay with the same seller I trust,...I never buy from ebay, or something of that nature.


to add I have my own scale, and I weight what I buy, and check for correct weight.

my personal note to you: never let yourself be boxed in by only having cash/ fiat currency, always have a backup, SOME gold, silver, or products which hold value for resell, liquor, ammo, storable food are examples.
 
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Yep, a little junk silver too. Not as an investment though. More of a barter tool of last resort.
 
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).
 
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No, I have purchased real estate and keep most of my money in cash since I got out of the market last year.
 
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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.
`
 
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.
 
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?
 
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