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Re: Gold? [Re: Burleyboy] #16179494 06/17/21
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My comment was made based on the SHTF, your saving and investments will have no value, your Morgan Sliver Dollars and Gold Double Eagles, and ammo and guns could save your ass, your other investments will be worthless.

Rio7

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Re: Gold? [Re: Burleyboy] #16179622 06/17/21
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I realize that gold historically doesn't appreciate like some investments I'm just purchasing more as a store of value and as insurance. I'm heavy in cash right now and light in the stock market. I have quite a bit of silver but it gets hard to store and hard to transport.

I've got a local dealer selling me gold eagles, buffaloes, philharmonics, krugerrands, and maples for 6.5% over stock as they come in locally. That's not too bad of Premium right now so I'm adding a bit. Much of what i have I bought back when gold was $1200. I picked up several 1/10th ounce gold eagles today for much less than they are online.

I'm going to shoot for 15% of my assets in gold and silver. I was holding at 10%. I'm mostly debt free, house is paid off, student loans paid off, cars are paid off, we just owe a bit on a rental house we own. I have tge cash to pay the rental off but the mortgage is only 2.6% so I'm keeping the cash as dry powder in case a good investment comes along.

I dabbled in individual stocks a bit last year and made some good money but was too obsessed with watching the market. Before that I'd always just bought mutual funds and held them long term. I like the idea of dividend producing stocks and wish I would have bought more to hold last year but I was expecting a w bottom and so far it's just been a V.

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Re: Gold? [Re: Burleyboy] #16179664 06/17/21
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In the 1800’s, a $20 gold piece would get you a tailored suit or a Colt revolver. It’ll pretty much do the same today.

A twenty dollar bill will not.

Gold and silver will never beat inflation, but is a decent hedge against it.

Re: Gold? [Re: Burleyboy] #16179674 06/17/21
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same as always, coke and hooahs.


My diploma says DD214
Re: Gold? [Re: Burleyboy] #16179690 06/17/21
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Tell us how? your investments work ? When the power goes off for 6 months to a year? or longer? it ain't called SHTF for nothing. Rio7

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Re: Gold? [Re: Burleyboy] #16179693 06/17/21
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Once the government switches over to the "Fed Coin", and cash is fazed out I am thinking you will have wished you had more.


It doesn't matter who gets more votes, It matters who counts the votes.
Re: Gold? [Re: Burleyboy] #16179724 06/17/21
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Twopatch, I agree,a wheel barrow load of cash won't buy you a loaf of bread. Rio7

Re: Gold? [Re: Burleyboy] #16179734 06/17/21
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Look fellas. This is the long and short of it. The Good Lord is out of the dirt makin buisness. It takes dirt to grow food. Your best investment is dirt. People that got oil and gas but cant grow need food. People that can build stuff need food. If you have land that can produce food enuff to feed you and yours plus some… your rich. That is your very best longterm investment.

Re: Gold? [Re: Burleyboy] #16179749 06/17/21
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Dirt and Water, are the best investments, you can make, a little Gold helps. Rio7

Re: Gold? [Re: Dillonbuck] #16180573 06/18/21
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Originally Posted by Dillonbuck
I don't even understand the market.

Spot gold price is $XXXX.
You can't buy at that, you go through a "dealer".
So you pay $XXXX.xx.

Then, when you sell, it's like a car.
The dealer says, "My car is worth moire than if you sell it".
Now, "Your" gold is discounted.

Add in rates of return, bad investment.

And if the world goes to poop?
How do you "spend" it?


If the world goes to poop, I'd rather have a sack full of silver than bitcoin.


A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Re: Gold? [Re: Twopatch] #16181002 06/18/21
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Originally Posted by Twopatch
Once the government switches over to the "Fed Coin", and cash is fazed out I am thinking you will have wished you had more.


I'm thinking Visa and Mastercard will be in trouble when everyone uses FedCoin for transactions.
One can only hope the banksters also get destroyed but that's probably asking for too much.



Quando omni flunkus moritati
Re: Gold? [Re: Burleyboy] #16181306 06/18/21
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I have 3.5 ounces, and really I doubt I’ll ever use it. I think Guns are better.

Re: Gold? [Re: Terryk] #16181534 06/18/21
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Originally Posted by Terryk
I have 3.5 ounces, and really I doubt I’ll ever use it. I think Guns are better.


I have a lot of Lead with Brass skins at some point in time I think they may be more valuable than the Gold

Re: Gold? [Re: RIO7] #16181668 06/18/21
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Originally Posted by RIO7


Dirt and Water, are the best investments, you can make, a little Gold helps. Rio7


Owning water worked out for Dwight and Steve Hammond

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