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Gold/Silver as an Investment
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GI JOES SON View Drop Down
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    Posted: 11 February 2013 at 5:03pm
Has anyone done it or tried it? any tips or dealers who are reputable? I have been doing a bit of research into gold and silver but most of what i have come across has mostly to do with jewelry so I was wondering if anyone here had experience in it.
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oldsoldier View Drop Down
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Points: 6481 		Post Options Post Options   Thanks (0) Thanks(0)   Quote oldsoldier Quote  Post ReplyReply Direct Link To This Post Posted: 11 February 2013 at 5:09pm
I have real gold as an investment, not paper gold. You need to purchase your gold from reputable dealers and have it independantly appraised before actual purchase. Many less the reputable dealers are selling gold plate as pure, be carefull. I use Goldline.
http://www.goldline.com/

I store my bullion in a gun safe at the house, so far got enough to be 'happy' if someting in the economy goes bad. Also a good retirement incvestment as gold is going no where but up in value...not like current retiement plans.

Paper gold has a problem, if economy goes bad you still have to collect the actual metal gold from the dealer who holds you gold, lot's of luck there.
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usafpilot07 View Drop Down
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Points: 4314 		Post Options Post Options   Thanks (0) Thanks(0)   Quote usafpilot07 Quote  Post ReplyReply Direct Link To This Post Posted: 11 February 2013 at 5:27pm
Gold will crash eventually too. It's artificially inflated right now. Don't just hope that it's going to continue to appreciate long enough to be a retirement plan.
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GI JOES SON View Drop Down
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Points: 4934 		Post Options Post Options   Thanks (0) Thanks(0)   Quote GI JOES SON Quote  Post ReplyReply Direct Link To This Post Posted: 11 February 2013 at 5:37pm
I have relatively short term goals with it that I won't get into too much here, right now it's more of a short term investment.
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oldsoldier View Drop Down
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Points: 6481 		Post Options Post Options   Thanks (0) Thanks(0)   Quote oldsoldier Quote  Post ReplyReply Direct Link To This Post Posted: 11 February 2013 at 6:41pm
For my 'short term' retirement needs gold won't devalue till way after I start my 'dirt nap'.
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impulse418 View Drop Down
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Originally posted by usafpilot07 usafpilot07 wrote:

Gold will crash eventually too. It's artificially inflated right now. Don't just hope that it's going to continue to appreciate long enough to be a retirement plan.<span ="Apple-tab-span" style="white-space:pre">     </span>
Remember these words. Bank Holiday.
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Points: 1194 		Post Options Post Options   Thanks (0) Thanks(0)   Quote deadeye007 Quote  Post ReplyReply Direct Link To This Post Posted: 11 February 2013 at 7:55pm
I have purchased silver in the form of Silver Eagles. I have purchased from local shops so far, but I plan on using nwtmint.com next time I make a purchase. They are made by the US mint and are 1 troy ounce a piece.
I keep them in a gun safe in case of inflation, and I'd like to have a few stored up to increase my retirement fund.
Face it guys, common sense is a form of wealth and we're surrounded by poverty.-Strato
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When the zombie apocalypse comes paper bills are worth more as fire starter than some ounces of gold.

Learn go prepare for the end fools.
Que pasa?


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Points: 3875 		Post Options Post Options   Thanks (0) Thanks(0)   Quote Kayback Quote  Post ReplyReply Direct Link To This Post Posted: 12 February 2013 at 11:31am
Gold is a longer term investment. If you cash it in too soon you can lose more on the dealership % than you make on the gold.

I know someone who flipped a coin in about 3 years and lost money. I know another who had his longer and made 500% on it. Those figures aren't likely to happen again in a while.

KBK
Pedicabo ego vos et irrumabo. H = 2
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