Explain gold investing to me??

[MossRoad]

Emergency funds are for emergencies first, not for money making investments. If you can make interest or dividends on your emergency fund, that's great. Just be sure it is somewhere you can get it in, well, an emergency, without having to sign a bunch of papers, make appointments, etc....

 

[forgeblast]

If you have not read dave ramseys newest book its worth a look. Dave Ramsey Homepage - daveramsey.com

 

[MossRoad]

Yes, Dave Ramsey has some very practical, easy to follow advice. But it requires people to be responsible with their money! What's up with that???

:laughing:

 

[/pine]

BUY LOW, SELL HIGH.

Or...sell high, buy low (puts)

money to be made on the downside too...

 

[Rocksprings]

Just buy raw land. Have you ever heard of land going down in value ?

 

[MossRoad]

Just buy raw land. Have you ever heard of land going down in value ?

Detroit!

 

[grsthegreat]

Detroit!

hehe... i think Detroit started in the toilet. Someone just flushed it

 

[John White]

When my wife and I were younger we had a couple of rentals. We did ok and made money but it just drove her nuts to see them not take care of the house like she takes care of ours. I tried to explain to her that is just a means to make a income, we don't live in it. As we got older I sold them and put the money in stocks and they have done pretty well. Have some investments in savings bonds. In 1976 I bought a commercial property with a auto repair garage on it, paid 30k for it, worked in the building till I got it paid off, (12 years) split property, put a better and larger commercial building and worked there till about 2002. (sold old for 55k 50K to build new one) That was to be my retirement fund, I was offered 230k for it but I wanted 250, I split my property again in 2002 and put another large non commercial pole barn type to keep all my equipment and be able to do work in it. I was in no hurry to sell the one building as I didn't need the money. In 2008 the bottom fell out of all commercial buildings as no one wants to work as hard as I did to make it and govt. and city is anti business. Now I cant even get 175k out of it. I was just wondering how the gold market worked. Sounds like you could loose money in that if you are not careful. I have a friend who invested about 10K in Iraqui denari about 7 years ago and was telling me how much he was going to make. You see where that is. Ha.

 

[Kryton619]

I have been purchasing both gold and silver since the 1980s. I don't look at gold as a investment, I look at it as a protection of wealth.

Back in the 1960s...a gallon of gasoline cost 25 cents and today a gallon of gasoline costs $3.70. So you can still buy a gallon of gasoline with a 90% 1962 silver quarter. In other words the value of the silver in the old quarters is now worth $3.70.

When I think back to when I was a boy, my father went to work every day while my mother stayed home to look after things. We had a car, we went on family vacations, we always had food.

As time went on more and more mothers starting working part time to try and keep the same type of lifestyle. Soon, mothers had to start working full time to make ends meet. Now some fathers have to work full time and also hold a part time job, while his wife is working full time.

Dollars have become worth less and less and is it any wonder? Even after the so called "tapering" of QE, the Federal Reserve is still printing into existence 55 billion of new dollars every month therefore devaluing all of the dollars that already in circulation.

I will continue to purchase silver and gold as it is real money, and has been for 5000 years.

 

[grsthegreat]

well sorry, i still dont believe in gold investing. i now have 2 rental houses that bring in between 1,500 - 1,600 per month income plus the depreciation at the end of the year on the money invested. these houses have no loans on them, so all income is mine.

These houses are what i call tangible investments, cause they are in areas that will always increase in value over time. Heck the house i bought last December is already appraising at nearly $8,000 over what i paid for it.

And i sure love the email every month showing an additional 15-1600 in the bank without lifting a finger.