Do any of you have gold?

[IGBT]

Yeah..I wear a 3 pound gold rope around my neck. Matches my gold front teeth. And my gold metal flake paint job on my ricer racer.

 

[her209]

Originally posted by: IGBT
Yeah..I wear a 3 pound gold rope around my neck. Matches my gold front teeth. And my gold metal flake paint job on my ricer racer.

Don't forget the gold band-aid.

 

[guyver01]

Originally posted by: DaveSimmons
If the US ever fell into barbarism gold would be as useless as paper money -- that's when you need a turbo plasma rifle and power armor

Already got mine

 

[bigrash]

Bling Bling!

 

[ElFenix]

investing in gold = little risk but no gain, recently a loss

hell, investing in bonds rather than stocks for any period longer than about 25 years is as bad as paying someone $900 of your $2000 to avoid a bet where you have a 50/50 chance of halving or doubling your money


the only gold i have is a national championship ring

 

[IGBT]

Don't forget the gold band-aid

No kidding..they have those?? I could put a few on the back of my shaved head..or is it heaaad..heaaaad..how do they say that??

 

[Zebo]

Originally posted by: 911paramedic
I have one kruggerand sitting in my safe. My grandfather gave it to me long ago, so yes, I own one ounce.

They also have a US currency gold peice. One ounce, with a face value of $50. So right off the bat I'd lose 450% on my investment in gold per piece.

Of course I can understand keeping your kruggerand for sentimental value.

 

[OutHouse]

Gold is the currancy of the world. If you have a lot of money its a good idea to buy gold to round out your portifilo for two reasons.

1. Precious metals have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.

2. you do NOT have to report how much gold you own.

 

[rh71]

I wear a gold chain with a jade buddha at the end. People compliment it all the time, even while taking a face-off while playing hockey. WTF ?! It's not thick or anything.

Anyway, I've taken it off for a total of like 2 minutes since 1993.

 

[ROTC1983]

I have a 50 dollar Canadian gold piece sitting inside of its case above my computer desk...none of my friends know about and it was a gift from my grandma...

 

[DaveSimmons]

Originally posted by: Citrix
Gold is the currancy of the world. If you have a lot of money its a good idea to buy gold to round out your portifilo for two reasons.

1. Precious metals have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.

2. you do NOT have to report how much gold you own.

If you plan to flee the country or expect civilization to collapse this is good advice. Though after the collapse I'd use my power armor and turbo plasma rifle to take your gold from you. Bwahahaha!

Seriously, it's not wise to keep any more than a token amount of money in gold (not 5%!) unless you really do expect the US to fall into barbarism or a police state. Gold has lost value over the last 20 years even before adjusting for inflation. Put your money in a FDIC insured savings or CD account instead.

 

[OutHouse]

Originally posted by: DaveSimmons

Originally posted by: Citrix
Gold is the currancy of the world. If you have a lot of money its a good idea to buy gold to round out your portifilo for two reasons.

1. Precious metals have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.

2. you do NOT have to report how much gold you own.

If you plan to flee the country or expect civilization to collapse this is good advice. Though after the collapse I'd use my power armor and turbo plasma rifle to take your gold from you. Bwahahaha!

Seriously, it's not wise to keep any more than a token amount of money in gold (not 5%!) unless you really do expect the US to fall into barbarism or a police state. Gold has lost value over the last 20 years even before adjusting for inflation. Put your money in a FDIC insured savings or CD account instead.

Like i said in my post. People with A LOT of money Gold is something they need to invest in. FDIC only insures up to 100K thats a lot of bank accounts if your loaded. If 1929 ever happens again the people with the gold have nothing to worry about.

 

[denali]

Originally posted by: Carbonyl

Originally posted by: denali
If you purchase gold do not look at it as an investment look at it as a security blanket. People get gold not thinking that it will go up in value but because it is a store of value. Look at the mid/late 1970's in the US the reason the price of gold went up is beacuse the overall economy was terrible. In many parts of the world today people still use gold as a store of value, they don't trust paper money. If you do decide to get gold don't put it in a saftey deposit box however because in the past the US government has confiscated gold. I don't know about today but in the past most money managers suggested that you put between 5 and 10 percent of your porfolio in gold.

I own gold and I don't look at it as an investment but as a currency of last resort. I guess you could cal this paranoid but I look at it as peace of mind. I also have several 1000oz silver bars that I picked up in trades and what not.

How is it the money of last resort if you can't use it as money? And are you sure US government confiscated gold in safty deposit boxes? On what grounds?

I'm sure this 5% rule is good sound advice but I still see no reason for it for the concerns I stated above.

Gold Confiscation Act of 1933

 

[geno]

I love goooooooooold.... the look of it, the shmell of it, the tashte of it....





I have a gold chain and earrings, that's about it

 

[CJZ]

Only gold I have is on my finger (ring) or in my teeth (gold fillings).

 

[scorp00]

The only gold I own is in my car audio system. Most of the connections come plated in gold for better conductivity.

 

[anxi80]

Originally posted by: geno
I love goooooooooold.... the look of it, the shmell of it, the tashte of it....

goldmember: yes yes! you take the gold and rub it on your netherlands, yes. ::sprays what seems like vinaca into mouth:: i have no recollection of what i just shaid.

i actually prefer sterling silver. and it has to be stamped, none of that t.j. fake junk.

 

[Zebo]

Originally posted by: DaveSimmons

Originally posted by: Citrix
Gold is the currancy of the world. If you have a lot of money its a good idea to buy gold to round out your portifilo for two reasons.

1. Precious metals have had value in all civilizations, have survived all financial crises, and can be expected to do the same in the future.

2. you do NOT have to report how much gold you own.

If you plan to flee the country or expect civilization to collapse this is good advice. Though after the collapse I'd use my power armor and turbo plasma rifle to take your gold from you. Bwahahaha!

Seriously, it's not wise to keep any more than a token amount of money in gold (not 5%!) unless you really do expect the US to fall into barbarism or a police state. Gold has lost value over the last 20 years even before adjusting for inflation. Put your money in a FDIC insured savings or CD account instead.

I was reading a book which said something like "a SUIT in 1905 cost $5, one once of gold $5 in 1905, and 10 shares of Coca Cola was also $5". Today that suit is $300, the gold is $300 and the stock value is $300,000. :Q