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Why do so many people think gold is a good investment?

Discussion in 'The Okie Corral' started by sheriff733, Feb 21, 2013.

  1. vart

    vart

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    I'm investing heavily in gold; or, investing in the acquisition of it through panning and sluicing...

    I've spent about $200 over the past year on sluices and tools and have found about $30 worth of gold doing very little prospecting. It's fun and gets me into the outdoors exercising.

    That's about the only way I'm going to acquire any gold...:supergrin:
     
  2. sheriff733

    sheriff733 NRA LIFE MEMBER

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    Now that's thinking.

    :thumbsup:
     

  3. DevilDocsGlocks

    DevilDocsGlocks

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    I invested in Brass, Lead, and Steel over the last few years.. My investement has doubled in worth...
    .223, .40, .22, AR, KelTec, Glock, Walther...
     
  4. OctoberRust

    OctoberRust Anti-Federalist

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    I see gold/silver as more for wealth preservation, than anything else. It's also good to not keep all your eggs in one basket. IE have some money in stocks, have some in the bank for liquidity, and have some in silver/gold sitting in your safe.

    You and I both know, if SHTF in the way most on here make it to be, you and I both will be bending over and kissing our butts good bye anyways.


    ...Something tells me though, SHTF won't go the way most here fantasize it to go.
     
  5. sheriff733

    sheriff733 NRA LIFE MEMBER

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    I can agree with that. But some people seem to think "If I have gold, I'll be on easy street when a massive hurricane comes through." (Example scenario)

    Yeah, there are some dreamers here for sure.
     
  6. Slug71

    Slug71

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  7. sheriff733

    sheriff733 NRA LIFE MEMBER

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    I don't make too many.

    :rofl:
     
  8. Glock20 10mm

    Glock20 10mm Use Linux!

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    PM's are insurance not investments.
     
  9. OctoberRust

    OctoberRust Anti-Federalist

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    Correct, but it is a sound investment.

    I can't remember any time gold or silver had a big crash. I could be wrong though, and someone can correct me if I am. No biggie.

    You are right though, you won't be gordon gecko making millions by day trading gold, or anything.

    Lower risk, comes lower reward, generally speaking.
     
  10. G23c

    G23c

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    Gallium, there's WAY too much logic going on here. :supergrin:
     
  11. sheriff733

    sheriff733 NRA LIFE MEMBER

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    Fair enough, but it's also insurance that changes value every time the wind blows.
     
  12. Wil Ufgood

    Wil Ufgood GTDS #88 CLM

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  13. sheriff733

    sheriff733 NRA LIFE MEMBER

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    No, I don't remember any gold crash ever happening. But, like stocks, people are buying high now, but they will lose their hind end when it levels back out and they are stuck with gold they overpaid $500/oz for.
     
  14. eb07

    eb07 Sharkin'

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    1980

    Took until 2008 to reach those prices again.
     
  15. 427

    427

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    As the fed does QE^32 do you see gold value significantly dropping in the near future?
     
  16. 427

    427

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    Are those inflation adjusted prices?
     
  17. sheriff733

    sheriff733 NRA LIFE MEMBER

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    Oh ok. Thanks for sharing.
     
  18. sheriff733

    sheriff733 NRA LIFE MEMBER

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    No, but that's the problem. You don't know.

    It might go up more, it might drop like a rock. Who knows.
     
  19. Glock20 10mm

    Glock20 10mm Use Linux!

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    The point of PM's is to ensure your ability to obtain either goods/services in times of financial hardship or to exchange it for fiat currency to do the same in times of hardships or collapse.

    I learned to insure with PM's from my Great Grand Father who was able to move the family from the mid-west during not only the depression but dust bowl, to the Pacific Northwest using the gold he refused to give back to Uncle Sam.

    The recent fiat currency collapse in Argentina is yet one more validation for my insuring some of my wealth and purchasing power in PM's. To think that our fiat currency cannot collapse is self delusional. We are on the fast track to insane inflation and eventual fiscal collapse. The people that will ride that out with purchasing power are the ones that have the following:

    1. Guns + Ammo + Secure storage and defensible position.
    2. Adequate food stores.
    3. Access to clean water that is not controlled or regulated.
    4. The ability to grow/hunt food as needed.
    5. Have a significant insurance pile of PM's that can be traded for goods/services that are otherwise out of their realm of control.
     
  20. 427

    427

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    Given that we are nearing 17 trillion in debt - 100% of gdp, running 1.5 trillion deficits with no budget and unsustainable spending, not to mention the fed printing money, where else is gold going to go?