SeaLion
@SeaLion
7 Years1,000+ Posts
Comments: 14634 ¡ Posts: 2595 ¡ Topics: 88
Gold investing
Warren Buffett on gold:
Do not
Invest in nonproductive assets like
gold and cryptocurrencies
âIf you owned all the gold in the world you could have
a cube that would be 67 or 68 feet on a side, and you
could get a ladder and you could climb up on top
of it, and you could say, Iâm sitting on top of the world,
and think youâre king of the world.
âYou could fondle it, you could polish it, you could do
all these things with it. Stare at it. But it isnât going
to do anythingâŚ
âAnytime you buy an asset that canât do anything,
produce anything, youâre simply betting on whether
somebody else will pay more for, again, an asset
that canât do anythingâŚ
âI would bet on good-producing businesses to
outperform something that doesnât do anything over
any period of time.â
â 2011 BERKSHIRE ANNUAL MEETING
Do not
Invest in nonproductive assets like
gold and cryptocurrencies
âIf you owned all the gold in the world you could have
a cube that would be 67 or 68 feet on a side, and you
could get a ladder and you could climb up on top
of it, and you could say, Iâm sitting on top of the world,
and think youâre king of the world.
âYou could fondle it, you could polish it, you could do
all these things with it. Stare at it. But it isnât going
to do anythingâŚ
âAnytime you buy an asset that canât do anything,
produce anything, youâre simply betting on whether
somebody else will pay more for, again, an asset
that canât do anythingâŚ
âI would bet on good-producing businesses to
outperform something that doesnât do anything over
any period of time.â
â 2011 BERKSHIRE ANNUAL MEETING
Posted by Saturn_Returns
Personally, I would prefer to own the gold physically, rather than own some certification that could potentially be a scam.
After finding a legit dealer, the main issue would be storage. Not every home is safe to store such precious metals, and keeping it in a bank will probably incur an annual fee of some sort.
It's probably best to check how much of your bank savings are protected by the government (I think I read that it's $ 250,000 in the US - in the UK it's ÂŁ85,000 per banking group).
Yeah, I definitely would rather have it physically.
invest in objects, not money.
Objects= (in decreasing order of importance) food, house, land, weapons, vehicles, access to water, hiring of people, creation of a company, etc...
Money has no value in itself and there's no way to store money than it can't all be lost in a way or another
Buy some gold if you want but gold is always a risk. Can be stolen, can be fake, plus you'll always get cheated of some value when you want to sell it.
I'd invest in bitcoin over gold (bitcoin, not other cryptos)
Objects= (in decreasing order of importance) food, house, land, weapons, vehicles, access to water, hiring of people, creation of a company, etc...
Money has no value in itself and there's no way to store money than it can't all be lost in a way or another
Buy some gold if you want but gold is always a risk. Can be stolen, can be fake, plus you'll always get cheated of some value when you want to sell it.
I'd invest in bitcoin over gold (bitcoin, not other cryptos)
Posted by 1917191
I order gold / silver from JM Bullion for the convenience, but maybe too much above the spot price.
But in general, I stash money/ storage of values in different places like a squirrel. I think if I die no one will find where I hid everything. Some are stored on hard drives and I have the code so they are not accessible on the internet. Some are hidden somewhere in the house. Various accounts: 401k/IRA/ brokerage/money market accounts.
I definitely don't like when my bank notice I have excess cash sitting in there because they start sending you all the perks and membership upgrades. Feels like I'm being watched.
Lol. I'm like a squirrel too.
This is such a complicated topic to discuss lol.
How much time an energy do you have for this? Because what I have to say takes time to learn and discuss.
How much time an energy do you have for this? Because what I have to say takes time to learn and discuss.
Posted by Rimzy
This is such a complicated topic to discuss lol.
How much time an energy do you have for this? Because what I have to say takes time to learn and discuss.
I wouldn't mind learning. Maybe start with the basics and if that seems to hard I'll let you know since I don't want to waist your time and energy either.
Buy gold stocks. Physical gold is hard to keep in the home. Weve been buying for the last 2 years as its considered a defensive asset. Yes, the price goes up and down but it doesn't crash like the stock market. Also, would suggest to diversify where you put your money. Invest in stocks, gold, etc. If you have disposable income, this is the best time to buy these things.
Posted by BaeMaxx
Buy gold stocks. Physical gold is hard to keep in the home. Weve been buying for the last 2 years as its considered a defensive asset. Yes, the price goes up and down but it doesn't crash like the stock market. Also, would suggest to diversify where you put your money. Invest in stocks, gold, etc. If you have disposable income, this is the best time to buy these things.
Yes, gold stocks. Thats what I meant in my OP but couldn't remember what they were called.
Posted by SeaLionPosted by BaeMaxx
Buy gold stocks. Physical gold is hard to keep in the home. Weve been buying for the last 2 years as its considered a defensive asset. Yes, the price goes up and down but it doesn't crash like the stock market. Also, would suggest to diversify where you put your money. Invest in stocks, gold, etc. If you have disposable income, this is the best time to buy these things.
Yes, gold stocks. Thats what I meant in my OP but couldn't remember what they were called.
click to expand
Yeah. You won't get the physical gold there but a certificate saying you own this much gold. That's what we got. It's a good one. Here in Australia you get a serial number of sorts to confirm you are a gold stock owner. Pretty easy. On the contrary, I wouldn't advise crypto investing at the moment. Crypto is interesting. Don't get me wrong. But the way I see it, it's just another technology that can lose its value pretty soon. I'm the tech world and crypto companies have fired so many people not to mention, people leaving the space voluntarily as well. Your money can have a value of 20k right now and zero tomorrow. Why invest in such heavily volatile asset? I personally don't think so. And the price moves based on Elon Musk's tweet.
gold stock is someone handing you a paper written IOU.
It's pretty much the same as holding dollar banknotes lmao
It's pretty much the same as holding dollar banknotes lmao
Posted by hydorah
gold stock is someone handing you a paper written IOU.
It's pretty much the same as holding dollar banknotes lmao
This đđź
Posted by hydorah
gold stock is someone handing you a paper written IOU.
It's pretty much the same as holding dollar banknotes lmao
They're not the same, especially gold ETF: https://nationwidecoins.com/gold-stocks-vs-physical-gold-portfolio-options-explained/#:~:text=Gold% 20stocks% 20function% 20like% 20other,in% 20an% 20IRA% 2Dcertified% 20account
Silver was the major goto in '08.
Cant go wrong investing in the devil either. Vanguard, Blackrock etc. Investment firms.
Cant go wrong investing in the devil either. Vanguard, Blackrock etc. Investment firms.
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