Do anyone have gold coins? I just spend 30,000 on 38 of them( Get some now)

[lackeyk]

There's no doubt about it, we're in the middle of a very bad economy. We're facing rough times. In my most recent article about gold coins bringing good luck, Once you own the gold, it's yours free and clear. You can hold it in your hand, you don't have to pay taxes on it (unless you sell), and it will always contain intrinsic value. They are printing more money daily to get us out of this bad economy, but also diluting the value of your dollars (inflation). At the end of the day, all fiat currencies come to an end. Could the time be coming for the US dollar? I certainly hope not, but we could be at the beginning of the end. So guys please please start saving your money in life and invest in something it will help you alot. I spend 30,000 on 38 coins, in 2014 they will be worth 1900 each ounce. Save save save and Invest in life, If you didnt start yet please do. You will be very happy you did!!! Good luck!!!

[Tresbn00]

I used to buy Gold American Eagle Ounces about eight years ago when they were costing about two hundred and fifty dollars an ounce.  At that time gold had never exceeded six hundred dollars and ounce.  I sold them when the price made it to seven hundred and fifty dollars.  Kind of kicking myself for not holding out a bit longer but a three hundred percent return isn't so bad! A few of my friends work for Newmont mining and aren't quite as optimistic as you about the price of Gold exploding in 2014 but like the price outlook over the next five years.

[Flackle]

Silver is better. Why? Silver/gold ratio. It was once 12, and now its over 50. If the prices ever return to normal then that means that for any amount gold goes up silver will just go up more.

If gold is, say, 200 dollars and the silver/gold ratio is 12 then silver is at 16.7 dollars.

If the ratio is 50 then silver is way undervalued at 4 dollars.

If the ratio was only 10 then that would mean it was gold that is way undervalued.

Of course both are technically undervalued, and the value of both will go up as industry requires more and more of both scarce commodities. You could become rich off gold, but richer off silver. No only because its more undervalued, but because silver has a lot more industrial uses.

[hawkeye3210]

I'd hope you are investing in things other than gold as well because going all in on gold is a horrible long term investing strategy. For starters, buying gold is always speculation as it is more like gambling than it is investing. People buy gold when the economy is slow and lose faith in currency, which sounds a lot like your view. Gold is already at historically high prices, but it is still well below its peak in 1980 which gold sold for around $2350 on ounce in 2012 dollars. After that point, the economy improved and gold was selling for less than $1000 (in '12 $) by the end 1982 and less than $400 (in '12 $) in the 2000's. Much more likely to lose your *bleep* by buying gold than you are to become rich.

[mrsbluesmith]

Where is a good place to invest?  Does anyone have any recommendations?

[Flackle]

Where is a good place to invest?  Does anyone have any recommendations?

Pre 1964 US dimes, quarters, and half-dollars. They are all 90% silver and almost any coin shop, *bleep* shop, or silver/gold store will have them. Plus there is ebay, I would recommend buying them in rolls of dimes from a good source. If you don't live in the US, the US coins are still good as basic silver but it may be easier to get your own countrie's coins. I know Canada and Mexico's coins where once silver, so just do some research and figure out the years and what materials where put into the coins.

Bullion is fine too, but has a premium and thus are a bit more expensive. Most countries have banks that issue bullion, and you can usually find them second hand at the same sources mentioned above.

If you want stocks, get commodities. Mining stocks are a good long-term option. Real-estate is also a great option. If you can invest in real-estate and get rental income its even better. No only is your principal fairly secure (Shelter is a basic human need, and if you're smart about it can provide a long-term reliable source of income.) A lot of people are losing their homes, and are looking to rent someplace cheaper, so now is a good time to be able to find renters. Assuming you buy most of the house outright, your rent should cover all expenses and anything left over can be saved to be reinvested. Once the house is completely paid off your are square free and you can save your rent for bad time and all extra on re-investing. I would suggest focusing on affordable housing, as there are a lot of fancy houses out there without renters because no one can afford them. Trailer homes are a nice, cheap option to start out with.

Same applies to any income investments in the form of dividends. Finding a company that will pay dividends, especially one that's already a secure investment is even better.

Business is a good way to invest as well, but starting a business also takes a lot more effort overall then the above methods. Not only do you have to invest your money, but a lot of your time as well. If you're just starting out, and you don't have a huge amount of money I would suggest this simply because there is no other way to make enough money to invest into the other areas when you're still fairly young. The most important determining factor when it comes to investing is your age, the younger you start the better off you'll be.

If you have a decent job and save a lot of money already I would suggest investing a little bit into all of these things. Starting a business could replace your job and earn to a lot more in the future while your investments secure your living expenses. Income investing was a huge trend at one time (one of the only ways to invest since only rich people could afford to trade stocks) and was used as a safety net to make enough income to live off of.

Do not, do not, do not, do not invest into any Cash investments. They all lose money in the end (that includes saving money in a savings account.) due to inflation. You simply do not get enough for your investment and it is not secure. Currencies are one of the most unsecured investments you could possibly make simply because there is no limitation to the amount of money that can be created. Use money as a tool while it still has value, and remember that your other investments can be liquidated with relative ease (the hardest would probably be a house.) if you so require. My emergency fund is in silver, and I have a small amount of cash in case I really just need cash. Everything else I got is into business.

[Flackle]

I'd hope you are investing in things other than gold as well because going all in on gold is a horrible long term investing strategy. For starters, buying gold is always speculation as it is more like gambling than it is investing. People buy gold when the economy is slow and lose faith in currency, which sounds a lot like your view. Gold is already at historically high prices, but it is still well below its peak in 1980 which gold sold for around $2350 on ounce in 2012 dollars. After that point, the economy improved and gold was selling for less than $1000 (in '12 $) by the end 1982 and less than $400 (in '12 $) in the 2000's. Much more likely to lose your *bleep* by buying gold than you are to become rich.

People buy gold because its secure. Sure, fluctuations can cause the gold to seem like its changing in value. But an ounce of gold is an ounce of gold. It has always been an ounce of gold, and it always will be an ounce of gold. Gold has a lot more uses that money does not have (Gold is used in many different industries, as well as having a lot of historical value attached to it. USD has only been around a few centuries, gold has been around for millenniums.)

Silver is even better, because its used a lot more than gold, also has a high historical value attached to it, is easier to trade with and is extremely undervalued (as I have mentioned in other post.)

I agree, though, that investing only in gold is just foolish. Passive income is the way to go, and if you have investments in gold, real estate, commodities, as well as having multiple streams of income from businesses, rent, and dividends then you are pretty well set for just about anything that could possibly happen.

[jamrow36]

I have 3 massive bags full of silver Pesos that my grandfather bought when he was a teenager.  I always heard him tell stories about the amount of silver there and how he would make routine trips from San Diego to mexico to buy silver there...mostly the coins which were relatively cheap given the exchange rate.  I am just waiting on a spike in silver prices to cash in on that since i inherited them when he passed a few years ago.

[hawkeye3210]

I'd hope you are investing in things other than gold as well because going all in on gold is a horrible long term investing strategy. For starters, buying gold is always speculation as it is more like gambling than it is investing. People buy gold when the economy is slow and lose faith in currency, which sounds a lot like your view. Gold is already at historically high prices, but it is still well below its peak in 1980 which gold sold for around $2350 on ounce in 2012 dollars. After that point, the economy improved and gold was selling for less than $1000 (in '12 $) by the end 1982 and less than $400 (in '12 $) in the 2000's. Much more likely to lose your *bleep* by buying gold than you are to become rich.

People buy gold because its secure. Sure, fluctuations can cause the gold to seem like its changing in value. But an ounce of gold is an ounce of gold. It has always been an ounce of gold, and it always will be an ounce of gold. Gold has a lot more uses that money does not have (Gold is used in many different industries, as well as having a lot of historical value attached to it. USD has only been around a few centuries, gold has been around for millenniums.)

Silver is even better, because its used a lot more than gold, also has a high historical value attached to it, is easier to trade with and is extremely undervalued (as I have mentioned in other post.)

I agree, though, that investing only in gold is just foolish. Passive income is the way to go, and if you have investments in gold, real estate, commodities, as well as having multiple streams of income from businesses, rent, and dividends then you are pretty well set for just about anything that could possibly happen.

I agree people buy gold for security, which is why it will sell for a lot more in an economic downturn as more people want to buy it. In actuality, gold is not secure by any means as evidence by it losing 80% of its purchasing power from 1980 to 2000. Society is what gives the USD value, so unless society breaks down, the USD is pretty secure. Even if society was to completely fall apart where the USD was worthless, the best thing to possess would be things that people need like food, water, cigarettes, etc., all of which would still be more valuable than gold.

[Azanne07]

if i had 30,000 i would fix my teeth

[Flackle]

I'd hope you are investing in things other than gold as well because going all in on gold is a horrible long term investing strategy. For starters, buying gold is always speculation as it is more like gambling than it is investing. People buy gold when the economy is slow and lose faith in currency, which sounds a lot like your view. Gold is already at historically high prices, but it is still well below its peak in 1980 which gold sold for around $2350 on ounce in 2012 dollars. After that point, the economy improved and gold was selling for less than $1000 (in '12 $) by the end 1982 and less than $400 (in '12 $) in the 2000's. Much more likely to lose your *bleep* by buying gold than you are to become rich.

People buy gold because its secure. Sure, fluctuations can cause the gold to seem like its changing in value. But an ounce of gold is an ounce of gold. It has always been an ounce of gold, and it always will be an ounce of gold. Gold has a lot more uses that money does not have (Gold is used in many different industries, as well as having a lot of historical value attached to it. USD has only been around a few centuries, gold has been around for millenniums.)

Silver is even better, because its used a lot more than gold, also has a high historical value attached to it, is easier to trade with and is extremely undervalued (as I have mentioned in other post.)

I agree, though, that investing only in gold is just foolish. Passive income is the way to go, and if you have investments in gold, real estate, commodities, as well as having multiple streams of income from businesses, rent, and dividends then you are pretty well set for just about anything that could possibly happen.

I agree people buy gold for security, which is why it will sell for a lot more in an economic downturn as more people want to buy it. In actuality, gold is not secure by any means as evidence by it losing 80% of its purchasing power from 1980 to 2000. Society is what gives the USD value, so unless society breaks down, the USD is pretty secure. Even if society was to completely fall apart where the USD was worthless, the best thing to possess would be things that people need like food, water, cigarettes, etc., all of which would still be more valuable than gold.

Gold has been around for millenniums. The USD has been around a few centuries. The USD is historically insignificant compared to gold, and gold has a lot longer track record. Our society and the world may give the USD its power now, but gold will always have power no matter what happens. The fact that society can break down means owning some gold is smart move. I already agree that investing only in gold is a dumb idea since society could very well not break down and the USD could in fact increase in strength.

Basing the value of something that's been around for thousands of years by comparing its value to the value of the USD for the past 20 years is silly. Security doesn't come only from its ability to be converted into USD, it comes from having intrinsic value as well as historical and worldwide value. You can trade with gold in even the most remote of human societies. Now if you are solely investing to increase the amount of dollars you want to have in your bank account, then I agree that there are better investments to be made. There is security in having USD, but there is security in gold and in silver that the USD simply cannot provide. Smart investing is not a money only game, you have to look at why goods and services are valuable and why people want them to begin with.

In all honesty though, china is going to become the next big economic power. It owns most of the means of production (ad evident by the number of products it exports, as well has a huge amount of world wide resources it owns.) They owe a lot less debt than we do, and is building up its nuclear arsenal instead of decreasing it (like the US is doing) and is also buying up gold and silver.