What Should I Invest My Retirement In?

MONEX or GOLDLINE That is the question!! Both are seeking my business. Does anyone have dealings with either. I would like to put 25% in bullion.Ten years ago they would never have see Maydock down the rode. The problem is that since my stroke and brain burn, I am at a loss as to which one to chose or should I handle by self, The pratice of Law was far less complicated! RES IPSA LOQUITOR!

 

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With all due respect -- I think the question should be: does it make sense for me to invest in bullion at this time? Please seek professional advice about this. Your retirement should, hopefully, last a long time -- so put a large amount of careful thought into it.

I think the phrase you're looking for is not res ipsa loquitor, but caveat emptor.

 

I think if he invests in gold at this point in his life, looking to retirement, the correct phrase will be mea culpa.

 

Believe 'Im smart enough to know what I don't know. There are 2 trains of opinion,GOLD/PLATINUM ?? or Both or Neither??? I'm lucky in that I can remain flexible. Any Service more preferable??? Law, not common sence has always been my Forte' Thank You Both!

 

Yes, very good advice.:high5:

 

How do I find the BULLION section, Tks PS You have give Me the finest advice up till now and mucho politness!

 

If I could only get my hands on some rhodium less than 20% above spot...

 

please lood at this chart before you purchase bullion



Now -- I don't know nuthin' about buillion, metals, what-have-you . . .

I do know that if you purchase high and sell low you'll lose money.

And the picture looks an awful lot like gold is a bit on the high side right now.

Get what I'm sayin'?

That's why I strongly suggested that you talk to a professional before you put your money into metals.

 

CDs and Treasuries? Those are currently rated the worst decision of all investment possibilities right now. Well, maybe municipal bonds are about the only absolute certain loss, that along with owning the USD. Most people are saving dollars right now and not spending. It's up to 10T in private savings which is extremely high. It just gives the banks more on their balance sheet and slows down velocity, which is perfect for hiding inflation. Deposit: To depose or surrender money. They own it at that point, not you. FDIC? Wait until they go under with the next *hundreds* of bank failures. They are already in the red.

With ultra low interest now (and someone says lock it in now???), rates certain to go up fairly soon, 50% increase in money supply just last year - yet they are holding it on the sidelines by pulling the bailout money back out of the banks coffers to hold back inflation, velocity of spending near all time lows at a time when money expanded dramatically, so when velocity kicks off again - hold your hats folks, it might get ugly. We will definitely see a noticeable inflation. I think not hyper-inflation, but unlike what any of us have ever witnessed in the US. The dollar is headed for a slow burn without any doubt in my mind.

The worst thing anyone could do is pay off all their long term low interest debt right now, simply because that money could be used so much more productively. I would personally strip equity locking in 30 years at 5% and get into physical possession of gold, silver, guns, and long term food storage, gardening, and self sustaining - eliminate all credit card type debt, eliminate car payments, sell timeshares, get out of paper in all reasonable cases. It's quite simply a time to own commodities in my view. Everything else just looks too risky for the trained eye. If everyone took these steps, it would be a hellish scenario for the markets in general, but then again, WHEN everyone realized they should take these steps it will be challenging to execute to your advantage.

I suppose most haven't heard about Argentina taking over retirement accounts to force people into treasuries...that's a good deal for a desperate government to force something like this at a time when rates are cheap. Well, good for the government robber barons, extremely bad for the average citizen. Seems like our Government might be setting forth the same building blocks to make that move if they need to as well. They need to secure treasury sales during low interest before the lid blows off the can. I'd say treasuries *MAYBE* after they climb over 10% when the return could over power the stripped equity rate. Own physical possession in the mean time, because gold isn't going back to 800 any time soon. Watch out for gold on paper with all the tungsten bars being reported. With central banks starting to buy gold, and of course the royal families and dynasty families who seem to own everything, well of course they always win.

http://market-ticker.denninger.net/archives/1830-401kIRA-Screw-Job-Coming.html


In my view, the more NGC/PCGS middle MS grade Gaudens, the better. Raw silver denominations that one could use to barter, so I like the idea of having a big box of junk silver rolls. I very much like the original Morgan CC shotgun rolls, high MS ungraded matching rolls, GEM BU dimes, quarters, halves - key dates even better. The way I see it, these are all a good base if one has the above stated mindset. I think everything else is just good fun and research, learning, hunting, hobby.

 

Your responce is close to what I'm hearing

A prior clent who has $1500/month buys one ounce of gold the rest in silver and has been doing so for the last 11 years and has done fine. He take what he needs from two rental properties. What do You think?

 

Did you look at the chart I presented? What does that chart say to you?

Among other things: of course anybody who's been purchasing over the last 11 years will have made a bunch of money -- because the price has been going up and is now near an 10-year high. Do you want to purchase it now that it's high? I would think that purchasing when it's low makes more sense.

 

I did not find your chart. I want to see it! Do You realy think the price of gold will drop apppreciatly?? Right now I'm in the accumatly mode. What would You do?? Over ten years it has to go up. I hope it doesn't in the short run so I can buy more. Overseeing clients with rentals, its like renting to anyone today is a disaster. They have same excuses for late rent. Property destruction. Rising property taxes, Hurricanes, excuses excuses. Gold has no excuses. Its always there. Time is on Your side! Easly tranferable and my Wife just loves it, no matter whats the value! I thank You all and apprecite Your Honored opinions!

 

I see your point but its the same marked 5 years ago when you wouldn't buy gold at half price what it is now. Your chart proves Gold will always be in need no matter whats its price.

 

The Spanish couldn't be wrong

 

Yes -- I do think it's going to drop, or maintain -- I don't think it's going to go up very much -- but what do I know?

But please look at this page -- now! Look at the 10 and 15 year price. Or 20. Or 36. Please.

http://goldprice.org/gold-price-history.html

 

Yes, I do agree with You, If the worse is asset preveration I say my prayers every day. I'm including one for You!

 

I looked at the variouscharts and honestly the scare me and it reminded me Her caveat 'ONE STEP AT A TIME' She lived to 92, TKS

 

This Ahab member, has very good sound advice, please heed it! Good Luck to you!
chasindreams...

 

A better alternative. My disability run 11 more years, till I am 65. I'm working out a purchase that will pay off our waterfront , pool complete. No problem with costs, fluctuations. The only worry are hurricanes.

 

Does that mean treating your assets like a pervert?