Help w/buying gold

[4plexowner]

It’s funny – anyone who believes in the 5000+ year history of gold as money is called a “gold bug”

Why don’t we call people who base their future on the US dollar “dollar bugs”?

I mean look at the history of fiat currencies – there has NEVER BEEN ONE that HAS NOT FAILED – the average lifespan of a fiat currency is less than 50 years

In contrast, humans have been choosing gold as money for at least 5000 years

Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value

So you dollar bugs keep knocking gold – you’ll be proven wrong just as all fiat currency bugs have been proven wrong in the past

~

The stories about “my dad bought gold / silver and lost his ass” amuse me – says to me that your dad is a poor investor – actually just an average investor because that is what average investors do: buy high and sell low – the average investor loses their money over time because they buy high based on greed and sell low based on fear – lots of stories about people losing their ass in stocks but the American ‘investor’ continues to buy and hold them like they were a sure thing

~

The trick to investing IMO is to identify secular trends and get on the right side of them – if you hold an investment on the wrong side of a secular trend you will lose your ass – holding precious metals past 1981 was being on the wrong side of a secular trend

The only secular bull market at this time IMO is gold and silver – all other asset classes, especially equities and real estate, are in secular bear trends – the precious metals bull will run until 2015 to 2020 – the real estate and equity bears will run until 2012-2014

Are you on the right side of the current secular trends?

[(former)FormerSanDiegan]

So, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.

Anyone know where I can get a $1+ M Jumbo for 5% ?

[(former)FormerSanDiegan]

So, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.

Anyone know where I can get a $1+ M Jumbo for 5% ?

[(former)FormerSanDiegan]

So, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.

Anyone know where I can get a $1+ M Jumbo for 5% ?

[(former)FormerSanDiegan]

So, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.

Anyone know where I can get a $1+ M Jumbo for 5% ?

[(former)FormerSanDiegan]

So, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.

Anyone know where I can get a $1+ M Jumbo for 5% ?

[Anonymous]

“Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value”

Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects. Presto… gold has intrinsic value.

Wait a minute, I think I just convinced myself. Follow this logic… if ignorant people are taken in by shinny objects, and we have an abundant supply of ignorant people, then gold is more valuable than ever. I’m calling Monex today!

Or is that logic circular?

I am not saying don’t buy gold, it is a legit investment, but the Kool-Aid served by gold supporters tends to smell a little funny to me . Gold may well be a reasonable part of diversified portfolio. Just don’t fool yourself into thinking it is somehow “special” or “safe”. And I don’t buy into the idea that governments cannot manipulate is value. Maybe governments can print currency faster than miners can pull gold out of the ground, but governments often are the largest holders of gold assets which gives them the power to manipulate its value.

[Anonymous]

“Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value”

Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects. Presto… gold has intrinsic value.

Wait a minute, I think I just convinced myself. Follow this logic… if ignorant people are taken in by shinny objects, and we have an abundant supply of ignorant people, then gold is more valuable than ever. I’m calling Monex today!

Or is that logic circular?

I am not saying don’t buy gold, it is a legit investment, but the Kool-Aid served by gold supporters tends to smell a little funny to me . Gold may well be a reasonable part of diversified portfolio. Just don’t fool yourself into thinking it is somehow “special” or “safe”. And I don’t buy into the idea that governments cannot manipulate is value. Maybe governments can print currency faster than miners can pull gold out of the ground, but governments often are the largest holders of gold assets which gives them the power to manipulate its value.

[Anonymous]

“Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value”

Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects. Presto… gold has intrinsic value.

Wait a minute, I think I just convinced myself. Follow this logic… if ignorant people are taken in by shinny objects, and we have an abundant supply of ignorant people, then gold is more valuable than ever. I’m calling Monex today!

Or is that logic circular?

I am not saying don’t buy gold, it is a legit investment, but the Kool-Aid served by gold supporters tends to smell a little funny to me . Gold may well be a reasonable part of diversified portfolio. Just don’t fool yourself into thinking it is somehow “special” or “safe”. And I don’t buy into the idea that governments cannot manipulate is value. Maybe governments can print currency faster than miners can pull gold out of the ground, but governments often are the largest holders of gold assets which gives them the power to manipulate its value.

[Anonymous]

“Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value”

Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects. Presto… gold has intrinsic value.

Wait a minute, I think I just convinced myself. Follow this logic… if ignorant people are taken in by shinny objects, and we have an abundant supply of ignorant people, then gold is more valuable than ever. I’m calling Monex today!

Or is that logic circular?

I am not saying don’t buy gold, it is a legit investment, but the Kool-Aid served by gold supporters tends to smell a little funny to me . Gold may well be a reasonable part of diversified portfolio. Just don’t fool yourself into thinking it is somehow “special” or “safe”. And I don’t buy into the idea that governments cannot manipulate is value. Maybe governments can print currency faster than miners can pull gold out of the ground, but governments often are the largest holders of gold assets which gives them the power to manipulate its value.

[Anonymous]

“Gold NEVER fails – it IS intrinsic wealth – it isn’t a representation of wealth (paper), it IS wealth – there is no debt tied to physical gold and gold isn’t dependent on any government or agency to determine its value”

Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects. Presto… gold has intrinsic value.

Wait a minute, I think I just convinced myself. Follow this logic… if ignorant people are taken in by shinny objects, and we have an abundant supply of ignorant people, then gold is more valuable than ever. I’m calling Monex today!

Or is that logic circular?

I am not saying don’t buy gold, it is a legit investment, but the Kool-Aid served by gold supporters tends to smell a little funny to me . Gold may well be a reasonable part of diversified portfolio. Just don’t fool yourself into thinking it is somehow “special” or “safe”. And I don’t buy into the idea that governments cannot manipulate is value. Maybe governments can print currency faster than miners can pull gold out of the ground, but governments often are the largest holders of gold assets which gives them the power to manipulate its value.

[scaredyclassic]

gold is rare.

there’s just so much of it. it’s very dififcult and expensive to get more.

paper money is not intrinsically rare. cheap to print.

Gold’s in the bible.

Gold at all times in a history is a suitable bribe, potentially to save one’s own life.

Gold is not anyone else’s liability. it just is.

[scaredyclassic]

gold is rare.

there’s just so much of it. it’s very dififcult and expensive to get more.

paper money is not intrinsically rare. cheap to print.

Gold’s in the bible.

Gold at all times in a history is a suitable bribe, potentially to save one’s own life.

Gold is not anyone else’s liability. it just is.

[scaredyclassic]

gold is rare.

there’s just so much of it. it’s very dififcult and expensive to get more.

paper money is not intrinsically rare. cheap to print.

Gold’s in the bible.

Gold at all times in a history is a suitable bribe, potentially to save one’s own life.

Gold is not anyone else’s liability. it just is.

[scaredyclassic]

gold is rare.

there’s just so much of it. it’s very dififcult and expensive to get more.

paper money is not intrinsically rare. cheap to print.

Gold’s in the bible.

Gold at all times in a history is a suitable bribe, potentially to save one’s own life.

Gold is not anyone else’s liability. it just is.

[Author]

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