Silver & GOLD:Rare Coins vs. Bullion - The Patriot Act and Investing In Gold- Do You?

124»

Comments

  • my2handsmy2hands Posts: 17,117
    know1 wrote:

    And I have no faith in gold or silver. I wouldn't spend a penny on it.

    i think i read recently that warren buffet and a few other wealthy elite investors, bill gates i think, we moving their money heavily into gold... i will see if i can find it again
  • jlew24asujlew24asu Posts: 10,118
    my2hands wrote:
    i think i read recently that warren buffet and a few other wealthy elite investors, bill gates i think, we moving their money heavily into gold... i will see if i can find it again

    both of their respective wealths are largely tied up in their own companies, or charity. I'm sure they have enough left over to make a wise investment in a commodity that has gone nothing but up in recent time. not sure how this really makes a difference.
  • my2handsmy2hands Posts: 17,117
    jlew24asu wrote:
    both of their respective wealths are largely tied up in their own companies, or charity. I'm sure they have enough left over to make a wise investment in a commodity that has gone nothing but up in recent time. not sure how this really makes a difference.

    i think i remember saying something about the weak dollar and a few other reasons he was moving towards gold
  • Thats it.
    I REALLY can't take it anymore.

    I feel like a horse's ass for not taking my own advice and buying back at $575 an ounce.

    Tomorrow morning i am doing some SERIOUS restructuring of my finances, and am looking to get long SILVER in a big way.

    I'm not concerned with getting big profits now ... I may hold some gold, but i'm not going nuts on it at $910 an ounce (though i see it at $1000 shortly, and $1200 late summer ... just projections)

    Silver has moved from around 12 when i first wrote this threat to nearly $17 an ounce.

    I think silver represents a perfectly safe and potentialy more stable alternative to gold at this point.

    Reading the news about the oil bourse starting sometime this week has me totaly flipped out.

    This economy can't take anything else.
    It certainly doesn't need the world shifting away from the dollar for multi-billion "dollar" purchases.

    We are about to get fucked in a big way, i fear.
    Maybe not today and maybe not tomorrow, but it's gonna be soon, and i ain't waiting to wake up and find all my dollars as pennies overnight.

    :(
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • I have been making small silver purchases every month now for over a year. Wish it could be more. My mother has been investing and putting her clients into gold for well over three years. If shit does ever hit the fan, silver and gold will be the things to own.
    10.31.93 / 10.1.94 / 6.24.95 / 11.4.95 / 10.19-20.96 / 7.16.98 / 7.21.98 / 10.31.00 /8.4.01 Nader Rally/ 10.21.01 / 12.8-9.02 / 6.01.03 / 9.1.05 / 7.15-16,18.06 / 7.20.06 / 7.22-23.06 / Lolla 07
  • aus_suzaus_suz Posts: 9,379
    I have been making small silver purchases every month now for over a year. Wish it could be more. My mother has been investing and putting her clients into gold for well over three years. If shit does ever hit the fan, silver and gold will be the things to own.

    What do u mean small purchases....? Where do u buy it from?
  • aus_suz wrote:
    What do u mean small purchases....? Where do u buy it from?

    There is a place here in Portland that sells gold and silver... no minimum which is nice. My mother deals with someone who wont talk to you for anything under 10gs. You have to deal with his... assistants :)
    10.31.93 / 10.1.94 / 6.24.95 / 11.4.95 / 10.19-20.96 / 7.16.98 / 7.21.98 / 10.31.00 /8.4.01 Nader Rally/ 10.21.01 / 12.8-9.02 / 6.01.03 / 9.1.05 / 7.15-16,18.06 / 7.20.06 / 7.22-23.06 / Lolla 07
  • aus_suzaus_suz Posts: 9,379
    There is a place here in Portland that sells gold and silver... no minimum which is nice. My mother deals with someone who wont talk to you for anything under 10gs. You have to deal with his... assistants :)


    Thats interesting.....How much would the smallest amount be that u can purchase??? Does it come in ignots??
Sign In or Register to comment.