Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
should i buy gold?
>
Reply to Thread
Message:
<p>[QUOTE="Witty38, post: 1537447, member: 34290"]I think this is the funniest thread I've seen here in a long time. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie7" alt=":p" unselectable="on" unselectable="on" />ointnlaugh:</p><p><br /></p><p>But it does go to show that what's posted on internet message boards has to be taken with a grain of salt because you just don't know who is posting what! Even the pictures can be fake or misleading. </p><p><br /></p><p>The original question here does deserve some honest responses though. (BTW, as you read this post you'll realize I'm NOT 12 years old and I have thousands of dollars in physical gold and silver! You're just gonna have to believe that!) </p><p><br /></p><p>gunnovice09, if you don't have any pressing bills or credit card accounts where you are paying 12-20% interest on, then sure, cash the matured bonds and look to buy something that will give you better interest or long term equity. Otherwise, pay off any accounts that are costing you interest.</p><p><br /></p><p>If you don't have other monetary obligations, you have what is called discretionary money. You have options. Some of those options will end up costing you more in the long run, like trying to buy collector's coins. Besides the gold or silver content, these would probably be the best bet as they will tend to keep their value longer than just physical gold or silver. But if you are ignorant to WHICH coin to buy, it's better to not get involved until you spend countless hours learning the trade.</p><p><br /></p><p>Second best option, in my opinion, is to look to convert your paper dollars to physical gold or silver. I first did this when silver was $4-5 an ounce and gold was just $50 an ounce. As it turned out, Gold was the better investment. It's really a gamble. Both silver and gold move up and down for any reason. You have to decide if you're buying strictly for appreciation or just because it would be nice to own some. Or to pass along what you get to your girlfriend or children. People own gold and silver for various reasons...diversification, fear, inflation, <span style="color: #111111"><font face="Verdana">uncertainty, etc. With $800, I would consider it a "fun" but necessary investment.</font></span></p><p><span style="color: #111111"><font face="Verdana"><br /></font></span></p><p>I would buy silver or gold that is easily recognizable and generally accepted almost anywhere. Hopefully you can get some without paying high premiums. Unfortunately, when you buy and sell you must give up a portion of your investment. So, for a beginner, I would get some American Silver Eagles or Golden Eagles, either one. Depends on your personal desires. The gold eagles come in fractional sizes also.</p><p><br /></p><p>Yep, that's what I'd do.[/QUOTE]</p><p><br /></p>
[QUOTE="Witty38, post: 1537447, member: 34290"]I think this is the funniest thread I've seen here in a long time. :pointnlaugh: But it does go to show that what's posted on internet message boards has to be taken with a grain of salt because you just don't know who is posting what! Even the pictures can be fake or misleading. The original question here does deserve some honest responses though. (BTW, as you read this post you'll realize I'm NOT 12 years old and I have thousands of dollars in physical gold and silver! You're just gonna have to believe that!) gunnovice09, if you don't have any pressing bills or credit card accounts where you are paying 12-20% interest on, then sure, cash the matured bonds and look to buy something that will give you better interest or long term equity. Otherwise, pay off any accounts that are costing you interest. If you don't have other monetary obligations, you have what is called discretionary money. You have options. Some of those options will end up costing you more in the long run, like trying to buy collector's coins. Besides the gold or silver content, these would probably be the best bet as they will tend to keep their value longer than just physical gold or silver. But if you are ignorant to WHICH coin to buy, it's better to not get involved until you spend countless hours learning the trade. Second best option, in my opinion, is to look to convert your paper dollars to physical gold or silver. I first did this when silver was $4-5 an ounce and gold was just $50 an ounce. As it turned out, Gold was the better investment. It's really a gamble. Both silver and gold move up and down for any reason. You have to decide if you're buying strictly for appreciation or just because it would be nice to own some. Or to pass along what you get to your girlfriend or children. People own gold and silver for various reasons...diversification, fear, inflation, [COLOR=#111111][FONT=Verdana]uncertainty, etc. With $800, I would consider it a "fun" but necessary investment. [/FONT][/COLOR] I would buy silver or gold that is easily recognizable and generally accepted almost anywhere. Hopefully you can get some without paying high premiums. Unfortunately, when you buy and sell you must give up a portion of your investment. So, for a beginner, I would get some American Silver Eagles or Golden Eagles, either one. Depends on your personal desires. The gold eagles come in fractional sizes also. Yep, that's what I'd do.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
should i buy gold?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...