Not to worry, no FReeper has never lost money speculating in precious metals...........just ask them.
never - I meant ever.
You don’t officially ‘lose’ unless you actually divest yourself of it at a price lower than you paid for it. So there is always the ever optimist out there saying it’s a good deal. Buy it now, or then, or when it’s at it’s highest because ‘analysts’ say it’s gonna hit $3000/oz.
Frankly, I’ve invested my cash in other things. Steel, copper, lead brass, etc. Under some circumstances this could be worth much more than gold.
Don't know what time it is in the Congo.
But you are pouring a little curdled cream into some morning coffees over here.
lol
Speculation is one of the chancier games a human being can engage in, outside of Russian Roulette, and for the same reason - eventually you WILL hit the live cartridge in the revolving chamber.
Actually speculation with the expectation of coming out ahead is more like playing Russian Roulette with a Glock .45ACP. With a full clip.
If you buy, buy to hold, and keep in mind, it is for doomsday purposes only. An ounce of gold or a handful of diamonds will barter for a lot, and it is absolutely fungible.
Otherwise, gold is just ornamentation.
Not to worry, no FReeper has never lost money speculating in precious metals...........just ask them.
You are right although I think you were trying to be facetious. Gold is “real” money. An ounce of gold is always worth an ounce of gold. The same can not be said for the Federal Reserve Note.(And I own no precious metals by the way.)
I took a $20K annuity, cashed it out and bought gold when it was $1600/oz. The taxes on the annuity, the income kicked me into a higher tax bracket, and the loss of value in gold made this trick a costly one. At least I have some gold to look at....cost a lot just to have it.