Because I don't take financial advice from infomercials, youtube videos, and people who think I'm asleep.
Forget gold. When the stocks go down, that's when everybody sells - and that's when you can get bargains and sell them when it goes up again (it always does eventually). When the stock market is up, however, and everybody is buying, then you buy bonds because their prices are lower. You can sell them, for a nice profit, when the stock market is down and the bonds are more valuable. Stock with dividends is another good product to invest in - because you make money even if the stock goes down to practically nothing. We had a preferred AIG stock, and made money even when it went down to 10% of what we paid. It eventually came back, and we sold it. If you don't want to follow markets, buy treasury bonds.
It'd be interesting if the people who were selling gold told you to buy it. Increasing demand without increasing supply means the same goods are going to be more expensive. How much do you think gold is going to help you when nations decide to drop nuclear bombs on each other? You can't cling to shiny things and pretend they'll save you. When entire cities are vaporized, humans aren't going to be exchanging goods, they're going to be killing each other for them. I don't buy gold because my investment is guns, ammo, and lots of other things that people can actually use. But then again what do I know? Maybe we'll somehow reverse the trend of increasing violence and threats of war in this world, so that our economy can suffer without resorting to violence. For what it's worth, you might be able to get $10,000 for an ounce of gold in 10 years and I could look like a fool for thinking guns and a vaporizer would help me BTW: It would be really nice to invest in an indoors grow kit and some hemp seeds, plus a handy manual on how to convert your plants to biodiesel, that way you can fuel the generator that powers the lights to grow your plants, and then many other things consequently. I think hemp > gold.
Vitamin 420 good advice although in the mean time you can still make money off gold and silver. I bought silver at 7$ an ounce 5 or 6 years ago when i was a little younger. Silver is now nearing 30$ an ounce!!! ($29.27 spot price as of today). 30 divide by 7 = only 428% profit. I know if nukes hit that won't be worth anything but i just went and sold my stuff because I'm now jobless and needed cash and for the thousand dollar investment i made i now have $4,000 plus. Silver is growing at a rate faster than gold and if you play it right you can make some serious money right now investing in silver, fuck bonds or any of that shit at least with silver it's something tangible in case shit does hit the fan, like big ol' nukelar war or something you can still trade someone silver for a goat haha. Maybe, if its the case that everyone is killing each other i would melt it down and make a helmet like this.
Oh come on, its so obvious that you do. You parrot MSM talking points constantly. I mean, its so utterly obvious that the anti-gold people in this thread are anti-gold for one reason. Its so obvious that I'm not even going to say why, because you all know the answer.
Gold has nowhere to go but up in terms of value. Gold and other precious metals are among the safest ways to save your purchasing power at this point. Where do you guys plan on getting electricity for your hydroponic setups post nuclear war? You guys know how to produce biofuel from hemp and then use that biofuel to power your lights? I wouldn't say hemp alone is greater than gold, but hemp certainly has many more practical uses if you know what you're doing. I personally have no idea how to turn hemp into biofuel and then use that biofuel to power lights.
The thing about gold is that it's a very long-term investment. Very long. Perhaps the only other investment worth even more than gold is LAND. Think about it this way: a loaf of bread is 99 cents when an ounce of gold is $150. If bread goes up to $3.99 and an ounce of gold is then $300, have you really made any money, or even adjusted your purchasing power in your favor? I'm assuming, of course, that it's not just the price of bread and gold that goes up, but everything in general. You sit on gold as an investment for years and years and years and years. And it can't be your primary investment - how are you going to buy basic things like gloves and socks? Are you going to chip off gold flakes for someone in exchange? Doubt they'd take it... gold is not necessary to survive, it's an expensive luxury meant to masturbate the egos of people who get boners every time they think about unfathomably large numbers, like $10,000 an ounce !!!! WHOA I CAN BUY SO MUCH WITH THAT $10,000 I'LL BE SO HAPPY AND MY LIFE WILL BE SO COMPLETE, I CAN'T WAIT UNTIL I GET THAT MONEY. It's kind of the same pitfall as what lead to where we are now.
1. Gold is not a money making investment so much as it is a store of value. 2. Watch this: [ame=http://www.youtube.com/watch?v=7ubJp6rmUYM]YouTube - Gold For Bread - Zimbabwe[/ame]
These statements do not always hold true and are subject to a whole host of factors. 50 ounces of gold is worth a lot more than an acre of undeveloped land in the middle of buttfuck Nebraska. 10 years ago, that may not have even been true. When you're trying to preserve your purchasing power, you're using your SAVINGS to invest, not the money you use to survive on a day-to-day basis. Obviously the working poor aren't going to be able to stash away ounces of gold... You're again assuming how much money someone has to put away and then extrapolating based off your assumptions. If I have $100,000 (or even $10,000) in savings and I have a day job to pay for most of my other expenses, couldn't I feasibly put half of my savings into precious metals? Wouldn't that be a sound investment at this point in time? Whenever you're bartering you need a double coincidence of wants in order to trade. There are other precious metals to invest in besides gold. I think I mentioned one already that's still trading below $30/oz (I believe). What? Printing fiat money until it's worthless is the same as purchasing gold? Is that what you're saying? Or are you saying people like cooperating and exchanging things with one another in order to live better lives and that's what has led us to this point? Yes, if the dollar collapses I might want to buy some expensive things with the purchasing power I've accumulated over the years. I chose to store some of my purchasing power in precious metals, since it is slightly more stable than dollars and more accepted than most of the other items I have access to in terms of exchanging with other people.
Because the media has raped our souls and sold them to the government! OH NOEZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ!!!!!!!!!!!!!!