Posted on 08/04/2013 8:14:47 PM PDT by freedumb2003
ahem.
>>I am thinking of building a strong save (too afficed to move)<<
Is bad typing for “I am thinking of building a strong SAFE (too AFFIXED to move)”
Jeeze, we expect so much from our software friends...
Instead of buying $50K worth of gold, why not buy $5K or $10K, and put the rest into high quality investments?
Gold is best used as a hedge, not as a speculative vehicle.
You are asking for value for nothing in return. What are you willing to give for valuable advice?
(I’m not telling you I have any good advice to offer).
Before the Great Depression, in Tampa, FL my family had done business with the Exchange Bank for many years. During the worst of the depression run on banks, the Exchange closed for a few days.
When it reopened, my mother’s safety deposit box no longer contained the $20 and $50 gold coins she had saved for her college costs.
Maybe the roaches took them?
Or perhaps bankers turn roach when things get rough?
In any case, I am unconvinced your gold would be there after a crisis - YMMV.
What I do for making big decisions like this is I put up a board with an array of possible investment choices, then I put on a blindfold, spin around a few times, and then throw a dart.
Land in the country might be a good investment
There was a tread today about a professor who said with spell check on phones and computers it was no longer necessary to teach kids grammar and spelling.
I agree that gold is not an investment. It is protection against inflation. Yes, there is a very good chance that inflation is coming — but what if it doesn’t?
Also, if you are paranoid, I think there is a risk that the government might seize assets held by banks. If you get the gold, I would consider keep 100% under your control.
10% in gold, 90% in Syrian War Bonds
Goldbug ping.
is it in ingots or coins. under the floors in the space between the ceiling of your first and second floor. or outside in a hole.
Personally I would buy silver bullion and coins. Gold is way overpriced. In today’s market $50K would buy you about 38 oz. of gold or 2500 oz. of silver.
I’m not trying to be cruel but think what you are asking.
I know you’d be ashamed to stand on the corner and ask for change. But you come on hear and ask people how to invest your money, for nothing.
You are making yourself extremely vulnerable. You are very likely to lose the entire $100,000 with your attitude.
For purchasing, you might consider a mix of gold and silver bullion (not numismatic) coins/rounds.
Realize that you are purchasing "insurance" and not an "investment"!!!
Purposeful irony or another example of the affliction? ;) We grammar Nazis can NEVER have a button out of place!! ;) ;) ;)
The difference is we make mistakes and care about them -- the kids today (and the OP's prof) don't see grammar and the like as mistakes.
Not only assets held by banks but also assets held by citizens in safe deposit boxes in the banks.
>>Instead of buying $50K worth of gold, why not buy $5K or $10K, and put the rest into high quality investments?<<
1) I believe that Greece is on our doorstep sooner than later
2) I have a much larger diversified portfolio that is humming along rather well. This is a hedge against insanity (think: Election 2008) more than broad economic factors.
LOL, oops.
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