Thread: 10 grand to gold or silver?

If you had 10g's, how would you invest it. I'm being told physical gold or silver? Not really buying that. However I'm completely uneducated with metals and most investing in general but I'm being told put it all to tangible precious metals.

The person telling you that is a moron.

hookers and blow

this is in the wrong thread. tech talk JONG

on board with that gh, but he's critical. Not my cash, it's actually his 401k. I pretty much don't know shit, but too me, i've seen the graphs and where 401k's, roths can take you after many years, it's a good spot. He feels it's only 10k and so what. "look at what gold and silver has done over that last year, son, now imagine 10-15 years from now" Is all i get with alot of graphs and sites he shows me. Granted he's done his homework, but i think there is too much kool aid involved. Not saying gold is bad, just cashing out a 401k isn't bright.

Originally Posted by Blatant

If you had 10g's, how would you invest it.

If I had 10,000 and had to invest it all in something I would go with guns and neon green ski pants.

I would not cash out my 401k and buy minerals unless I thought the zombie apocalypse was coming. It's a poor hedge tool, for starters, and too speculative for my tastes. I have some bullion that I inherited from my father, who was a bit of a mattress saver, and it's fun to look at and hold in your hands. But I can't see its serious investment value unless I need to trade it for gasoline, shotgun shells, or blowjobs after World War 3.

What percentage of your investable assets is this 10K? If it's 100%, putting 100% in any one asset--especially one with the volatility of gold--is idiotic. If it's a small percentage then it could be wise.

Put it all in the Vanguard Total World Stock ETF (ticker: VT) and thank me in 10-15 years.

The fundamentals for gold and silver and bullshit. I don't care what you read on the interwebs about how gold is a good solid investment ... it's all bullshit. But at it's core the play for gold or silver is about momentum and public sentiment. When the dollar tanks and inflation rears it's head, people will flock to gold if for no other reason then they perceive it to be a safe hedge. If you ignore the realties of that and play off the sentiment, you might do well (a la 2010 returns on either). Then again, it can swing pretty quickly the other direction too. I own some gold ETFs but not for the long haul and I watch it like a hawk.

Rare Earth... not the band.

333 skis.

well it's only 10gee's and i'm done fighting with the fcker.

Originally Posted by Hugh Conway

333 skis.

Are you talking buying 30 pairs and letting them appreciate like cases of Chateau Latour? Or spending the $10k in the apprenticeship program in order to learn a lucrative vocation?

Finding gold now is a better option, so I say buy a couple gold claims in California. you can buy at least 3 small seasonal claims with that bread.

PLus, when you buy gold it is not like you are buying bullion, it is paper....so when the zombie attack happens, you have some paper....yay!!

Originally Posted by DasBlunt

PLus, when you buy gold it is not like you are buying bullion, it is paper....so when the zombie attack happens, you have some paper....yay!!

What the fck do you mean? He's talking about going to the local coin store. After this long weekend of drinking makers mark and malbec i'm so banged the fck out his concise arguments and endless links and research are starting to "make me see the light" LOL. Shit. He's talking about pieces of gold man, coins. I'm pretty sure that would be bullion.

Originally Posted by Blatant

What the fck do you mean? He's talking about going to the local coin store. After this long weekend of drinking makers mark and malbec i'm so banged the fck out his concise arguments and endless links and research are starting to "make me see the light" LOL. Shit. He's talking about pieces of gold man, coins. I'm pretty sure that would be bullion.

jesus, sounds fucked up.

I still say go buy a gold claim or two. Work it in the summer and make BANK...at least that is what we do. Specimen pieces are worth more too......big ole nugs.

Originally Posted by DasBlunt

Finding gold now is a better option, so I say buy a couple gold claims in California. you can buy at least 3 small seasonal claims with that bread.

PLus, when you buy gold it is not like you are buying bullion, it is paper....so when the zombie attack happens, you have some paper....yay!!

Originally Posted by DasBlunt

jesus, sounds fucked up.

I still say go buy a gold claim or two. Work it in the summer and make BANK...at least that is what we do. Specimen pieces are worth more too......big ole nugs.

I have a lovely bridge for sale, if interested...

Originally Posted by Hugh Conway

333 skis.

Originally Posted by JoeStrummer

Are you talking buying 30 pairs and letting them appreciate like cases of Chateau Latour? Or spending the $10k in the apprenticeship program in order to learn a lucrative vocation?

What if you got custom 333PBRbrewskis? 30 pairs peddled in gearswap? Profit

Gold is no different than any other tradable vehicle. The only reason people like it is because they own it and it's up. Same as someone that owns Netfix, Apple, or Amazon.

The only real difference is you can hide physical but it is also at risk of loss from theft and the cost of insurance/storage.

Originally Posted by 4matic

Gold is no different than any other tradable vehicle. The only reason people like it is because they own it and it's up. Same as someone that owns Netfix, Apple, or Amazon.

The only real difference is you can hide physical but it is also at risk of loss from theft and the cost of insurance/storage.

Yo 4matic, after reading the literature you sent (thanks once again BTW), I think its wise to just keep it in your mouth.

Originally Posted by 4matic

Gold is no different than any other tradable vehicle. The only reason people like it is because they own it and it's up. Same as someone that owns Netfix, Apple, or Amazon.

The only real difference is you can hide physical but it is also at risk of loss from theft and the cost of insurance/storage.

False. Netflix, Apple, and Amazon generate a current and future stream of earnings, which can be distributed to shareholders in the form of dividends, or reinvested in the business to increase the earnings of the corporation in the future. Physical gold just sits there, generating expenses from the warehousing costs and subject to the madness of crowds for it's pricing. It's true, the madness of crowds plays in the pricing of equities too, but there is at least an intrinsic value to a share in a corporation. Gold offers no such intrinsic value.

[/dorkery]

Originally Posted by Like a Boss

but there is at least an intrinsic value to a share in a corporation.

that's funny shit

gold has at least some intrinsic industrial value - whatever you are spewing from has gold in it as do most points along the line.

Fuck you you fucking socialist shitbag.

I'm putting my nugget in avocados this year.

Originally Posted by Tippster

I have a lovely bridge for sale, if interested...

That dude even sold MMOA, Statue of Liberty and the brooklyn bridge...2x.

All I am saying is to buy some dredging equipment, scuba and a claim or two.

I vote for gold. I have a safe I'd be happy to store it in for you for cheap... I'll PM you my PO Box address.

Silver can be used to kill vampires.