everyone says that, and they may be right?
I always drink mine
Posted on 02/12/2023 7:51:37 PM PST by SeekAndFind
All precious metals are for stability. People need to realize that.
Commodities and metals to hold your wealth during tough times and stock market to grow your money during the good times.
I once tracked gold since 1913 just to see how much money I might have made if I had the ability to sell at high points and buy at low points from a single ounce of gold.
I ended up with about $190,000, so it’s not a bad way to make money if you know what you are doing.
I’m very naive when it comes to gold and other precious metals. My question is, if times are bad (which is a very broad word), what will you then do with the gold? I guess the first question would be, what is defined as a bad time?
“Commodities and metals to hold your wealth during tough times and stock market to grow your money during the good times.”
* Short stocks in bad times
* Long stocks in good times
Do that and you never need to worry about money. The hard part is knowing if the current moment is bad or good.
https://cdn.mises.org/the_vampire_economy_20201022.pdf
Read this for an understanding of our current economy.
I assume this is biased for US Dollar returns, for Americans.
I wonder how it compares if one is a citizen of Germany, or Japan? Or Brazil?
“Read this for an understanding of our current economy”
Good book. It’s by a Marxist, but it sometimes take one type of totalitarian to explain another.
“I once tracked gold since 1913 just to see how much money I might have made if I had the ability to sell at high points and buy at low points from a single ounce of gold.”
IF
Damm it.
I went to a lot of trouble and spent lots of money to get the largest gold coin.
Wtf.
Who do these Perthians think they are making a bigger one? I bet they all have a small penis
https://www.dw.com/en/berlin-gold-coin-heist-3-sentenced-to-jail/a-52441680
If it all falls apart you will do better with a supply of 9x19 Luger or .357 Magnum than a sack of gold.
You cannot eat gold, though I guess you could cast bullets from it.
“* Short stocks in bad times
* Long stocks in good times”
History shows that the best time to buy stocks is when the times look the worst.
Personally, I just own good stocks for the long-term.
everyone says that, and they may be right?
I always drink mine
This guy appears to be an idiot. Just cut out the middleman. In CAlifornia since 1970’s if you know where to look, you can make $3000- $10,000 every weekend just scooping gold nuggets out of the river. Bring a couple guys, a coup l guns and a couple big dogs,etc. He never heard of the 1849 gold rush. It never ended. Been there still do that. He appears got be an ignoramus. Don’t invest in gold. go pick it out of the river.
If there is inflation, paper money loses its value. When paper money lost a lot of value, the value of gold increased, that is, you can buy more things with it.
In a total collapse of paper money, people use gold and silver as money.
When it get down to 2 people left on earth and all you have is one can of Chef Boyardee ravioli to eat... What do you want.... The gold, or the ravioli?
RE: In CAlifornia since 1970’s if you know where to look, you can make $3000- $10,000 every weekend just scooping gold nuggets out of the river.
You make it sound so easy.
RE: If there is inflation, paper money loses its value. When paper money lost a lot of value, the value of gold increased,
OK, riddle me this — we all know that 2022 was the year of HIGH inflation. But look at the chart of the price of Gold vs USD:
https://ycharts.com/indicators/gold_price_in_us_dollar
It peaked at $1922/ounce on March 2022, then DROPPED to $1628 on November 2022 and climbed back up again to where it is now at $1875. Jut a little higher than it was on January 2022.
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