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  1. #16
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    The price of gold has never changed since the days of the Roman Empire. Back in the day when Rome was at its height, you could go to any major city in the Empire with a gold coin of the realm, and buy a very nice pair of sandals, special imported cloth for making clothes, or just buy something at the market, eat well for several days, and even buy some horizontal refreshment, and you might even get some change left over.
    You can do the same thing today with a gold coin when exchanged for the currency of the country you live in. My advice...by land, God is not making anymore (unless you count Hawaii).
    stoyan79 and 43m1garand like this.
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    Yes, land/real estate is and will always be most solid investment.
    I really like residential rental properties, as future generations will have low interest of buying their own home.


    Quote Originally Posted by JoeMomma View Post
    The price of gold has never changed since the days of the Roman Empire. Back in the day when Rome was at its height, you could go to any major city in the Empire with a gold coin of the realm, and buy a very nice pair of sandals, special imported cloth for making clothes, or just buy something at the market, eat well for several days, and even buy some horizontal refreshment, and you might even get some change left over.
    You can do the same thing today with a gold coin when exchanged for the currency of the country you live in. My advice...by land, God is not making anymore (unless you count Hawaii).
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    I like the concept of holding notes vs having rentals, but notes seem pretty complex and I'm still trying to wrap my head around it. Owning paper seems a lot cleaner and easier than having tenants, but there are pros and cons to everything. Defaulted notes on the other hand LOL OKAY NO at least not yet. big money but big risk.
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    Gold is cool, no issue with it.
    But I prefer brass and lead as investments. Ammo prices are as low as possible right now, and there's always gonna be a demand for it in bear and bull markets.
    I'm just always thinking utilitarian. I can't eat gold, and it doesn't lend well to getting shot out of a pipe at mach 2+ to get me food.

    But if it's your thing, gold is definitely a more solid choice than paper money.
    Last edited by Thrasher; 05-04-2019 at 02:56 PM.
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    Small amounts like 1 oz rounds are always easier to sell than bigger pieces. I think silver is a better investment, it is a consumable resource.
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    Quote Originally Posted by 22many View Post
    YankeeZulu, it would be a big purchase. Go big or go home right!
    I'm definitely not the guy to give advice on that then. I'm all about actually holding the weight so I don't keep an exorbitant amount on hand. I'd be a bit nervous having 6-digits+ in gold cached in my safe, or even a vault. I keep a zombie stash of Krugers and bars and thats about it.
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    Have been discussing this very topic with a couple of people. Thought about gold some years back (when it was about $375. +/- oz.) but never followed thru. I still think about PMs...primarily gold or silver, but remain undecided. However, I am cognizant of the increase of gold/silver values over the last 10-15 years. I recall talking to my financial advisor about this some time ago. He was not overly enthusiastic, but not against, some investment in this direction. He was taken aback when I asked him "Which PM outperformed gold & silver in the last 15 years?". When my advisor gave up trying to figure it out, I informed him if one had purchased ammunition wisely within a year or two of the 2008 election (5.56, 7.62 x 51/63, .45 auto, etc.), and sold at the right time after, copper-jacketed lead would have out-performed both gold and silver.

    IMHO if you believe we are headed for a major economic collapse (inevitable), have enough money to buy some PMs, can avoid obsessing about the daily price per ounce and even better, forget you even own PMs, then you might consider the investment. Their value will likely only become a advantage under very dire circumstances, which may never happen during your lifetime. On the other hand, you might be better served "shorting the U.S Dollar" by buying currency in a foreign bank (for example the Australian Dollar). Any interest can be paid into your account in that currency. Of course, you may have to pay some percentage of any gain as a foreign tax. However, if the USD collapses, so will the buying power. If you have foreign currency in a country like Australia which has a responsible fiscal policy (unlike the US), no runaway entitlement programs or government handouts, and does relatively little business with the USA (so their economy would suffer very little if ours tanks), your AUDs might be worth substantially more than the current exchange rate (1 USD = 1.42410 AUD today).
    Last edited by pwcosol; 05-04-2019 at 06:09 PM.
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    Quote Originally Posted by stoyan79 View Post
    Yes, land/real estate is and will always be most solid investment.
    I really like residential rental properties, as future generations will have low interest of buying their own home.
    It really depends on where you live. Ive had many rentals and tenants and every single one of them had some kind of issue with them. From late rent, to destroyed houses, right down to blatant entitlement. I swore off renters and sold my rentals years ago. Good thing I did because since then the city i had those rentals in have enacted rent control, required renters meetings, hight taxes, and giving the renter a huge voice in how the home is maintained right down to the color of the paint on the walls.

    Other places ive been (free states) are better for a property’s owner to rent out. As they say in the housing market, its all about location.
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    Don't invest in communist states - I think we all agree on that.
    As far as precious metals, silver seems quite a bit cheaper than gold right now.
    I get the cool factor of big bars, and I own several myself, but I would never sink big money into bullion.


    Quote Originally Posted by 22many View Post
    It really depends on where you live. Ive had many rentals and tenants and every single one of them had some kind of issue with them. From late rent, to destroyed houses, right down to blatant entitlement. I swore off renters and sold my rentals years ago. Good thing I did because since then the city i had those rentals in have enacted rent control, required renters meetings, hight taxes, and giving the renter a huge voice in how the home is maintained right down to the color of the paint on the walls.

    Other places ive been (free states) are better for a property’s owner to rent out. As they say in the housing market, its all about location.
    22many likes this.
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    I like the smaller denominations of Canadian Gold Maple Leaf coins. Like 1/10, 1/20 or 1/4 ounce coins. Why Canadian? They are .9999 pure. It is just me. I figure why pay a premium for a Saint-Gaudens current bullion coin at .999 pure when the Canadian is the same price depending on supplier. Now if you can't stand Queen Elizabeth, turn it over.
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    All depends what you want to achieve. Precious metals tend to fluctuate over time very little. So for instance if the price of gold your cost and commissions paid are typically well above the market value. It's something that is a HOLD so it's a rather stable without much gain. I remember 600 an oz. too buts it's now 2019 those old prices are like 1960 1970 1980...meaning the gains of most monetary systems backed by gold are offset by better investments especially hold stocks with dividends in specific sectors. Nixon took us off the Gold Standard. So heres what you could research, Numismatics such as collecting rare coins in gold and silver etc. Or maybe stamps....but always remember with regard to value and liquidity lots only worth what market estimate is, and what someone is willing to pay you. So it you walked into your bank, your going to be disappointed. Better yet take vacations to Canada, your dollar goes further and you can exchange for gold and silver....but nobody panning for gold in the market ever made a killing except a lucky few. Their all dead now.
    .....look at energy blue chip stocks that's where the USA is going to launch. If you pick up a few coins from the US Mint....your kids will your great. Mr Trump bring back US Savings Bonds....your wall will go up on like six months! Yeah I'm that old 😆

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    Quote Originally Posted by Blackreign View Post
    Gold is not a investment,it is wealth insurance plain and simple.people have car insurance,health insurance,homeowners insrance,life insurance.most americans have no wealth insurance.it is known by smart wealthy people to have 10% of your wealth in gold that you hold in your hand,not a ETF fund.ETF funds claim to have every share backed by gold but who believes anybody from wall street today.you will probally never get rich holding gold,but you will never be poor either.i can hit the delete key on your 401k,ira,bank account and all your "money"disappears.nobody can do that to your gold or silver that you hold in your hand.when the paper markets tanked,1987,2000,2008,millions of investors in those markets lost billions.if they had had 10% of the money in gold they would not have been wiped out."money is supposed to be a "storehouse of value"a steady medium of exchange for purchasing power.the TV tells you there is no inflation in America so thats why you get 2% on your savings account.i have a bridge in Brooklyn to sell you if you believe that.one ounce of gold has had the same purching power for 5000 years.i will give you a example.when we used to live in America our money was backed by gold.in 1904 a 20 dollar bill or a 20 dollar gold piece had the same value,either 1 bought you a months worth of groceries or a new suit.put them both in a drawer and pull them out in 1930 and either 1 bought you a months worth of groceries or a new suit.put them both in a drawer and pull them out in 2019.a 20 dollar bill here in ny buys you 2 packes of cigerattes,while a 20 dollar gold piece from 1904 is worth about $1300,which still buys you a new suit or a months groceries.the us dollar has lost 97% of its purchasing power since 1913.the best way to own gold is to buy pre 1933 certified PCGS OR NGC ONLY common date $20 liberty or saint gaudens MS62 or MS63.that is you best bang for the buck.no rare or high grade collector coins.dont buy modern us gold coins as they are considered bullion.if you take a $20 gold piece to a coin shop and sell it,there is no social security number or 1099 required because it is money and you are just exchanging one form of money for another.if you take more than 20 new american gold coins or kugerands you will have to fill out paperwork because they are considered Bullion and that is a commodity.you can take as many pre 1933 $20 gold pieces and sell they and no reporting needed.that is the best way to protect your wealth.the naysayers say you shouldn't hold that at home,or you need a safe.you can fit about 10 $20 gold pieces in a mayo jar with mayo and put it in the fridge.no crook is ever going to steal you fridge only your gun safe and tv.you get that there are many ways ho hide small things of great value.


    here is a good deal,about $1400 apiece

    https://www.ebay.com/itm/1922-1923-1...pe!14559!US!-1
    Used to be you could by a gallon of gas for two dimes. Today you can still buy a gallon of gas for two dimes. Exactly why I have silver. Not for investment but insurance. I have coins not ETFs. A few of mine are American eagles which is bullion but most are Morgans and Liberty dollars. I have others too: dimes, quarters, and halves. Silver value is now and has been for a while lower than what it costs to mine it. I only have 2 or 3 that are PCGS but I don't have any gold either.
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    Quote Originally Posted by JoeMomma View Post
    The price of gold has never changed since the days of the Roman Empire. Back in the day when Rome was at its height, you could go to any major city in the Empire with a gold coin of the realm, and buy a very nice pair of sandals, special imported cloth for making clothes, or just buy something at the market, eat well for several days, and even buy some horizontal refreshment, and you might even get some change left over.
    You can do the same thing today with a gold coin when exchanged for the currency of the country you live in. My advice...by land, God is not making anymore (unless you count Hawaii).
    He's not making any more Gold either!!!

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    Quote Originally Posted by 43m1garand View Post
    Used to be you could by a gallon of gas for two dimes. Today you can still buy a gallon of gas for two dimes. Exactly why I have silver. Not for investment but insurance. I have coins not ETFs. A few of mine are American eagles which is bullion but most are Morgans and Liberty dollars. I have others too: dimes, quarters, and halves. Silver value is now and has been for a while lower than what it costs to mine it. I only have 2 or 3 that are PCGS but I don't have any gold either.
    I agree. Silver, historically, has been 1/10 the price of gold. Its currently way under valued! It would be much easier to trade silver than gold, for everyday items, because of its lower value. Though my brother always says Bullets are a better investment in HIS HO!!!

 

 
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