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Member |
It went to $4000 per ounce today. Now we’ve all did some dumb shit over the years,but one thing that my Dad always told me, buy gold. I have about 40 oz in an IRA and 46 oz in coins. I want to cash it in and buy a SSG 69, but I just can’t do it. ______________________________ Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers. | ||
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Baroque Bloke |
You’re not that great with informative thread titles either. Serious about crackers. | |||
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Member |
My mother bought some nice jewelry over 25 years ago as an "investment." I'm talking jewelry made with platinum, gold, diamonds, & other gems. She spent somewhere in the mid to high five figure range. In recent months, I've taken her to many jewelry stores to try to sell her jewelry, since she's at an age where she's come to terms that she can't take it w/ her. Shopping her jewelry around to different stores has been a depressing affair as they're offering around 1/8th-1/10th of what she paid, and that's not even adjusting for inflation. If she had invested in gold as a commodity, it'd be worth over 13X what she paid. | |||
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Oriental Redneck |
If my math is correct, that’s $344,000. How much is the SSG 69? Q | |||
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Member |
Since gold isn't a form of working capital, nor an investment since it can't be used as working capital to generate additional wealth, but is properly used as a hedge to preserve existing wealth when times are tough for those with wealth, are you asking for gambling advice ? It may be fun to play with but I wouldn't count on it making anyone better off, since the house always wins in games of chance. It's a bona fide under performer in all known respects outside of use as a hedge by definition. But I'm not an investor nor a gambler. Lover of the US Constitution Wile E. Coyote School of DIY Disaster | |||
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| Member |
Doesn't seem like much of a dilemma. You can sell one oz coin and have more than enough to buy an SSG69. Are you really going to miss 1/86th of your stash that much? If you never spend any of it, what are you going to do? Bury it with yourself? | |||
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| Member |
I have to convince the banker first, my wife. ______________________________ Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers. | |||
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| Member |
It’s all about the intrigue of the post. ______________________________ Men who carry guns for a living do not seek reward outside of the guild. The most cherished gift is a nod from his peers. | |||
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| Staring back from the abyss  |
Minus 28%. Uncle Sugar wants his cut. ________________________________________________________ It is long past time for a Convention of States. The Founding Fathers gave us this tool to fix an out of control government and we need to use it. | |||
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| No More Mr. Nice Guy |
I'd wait for $5000/oz before selling any. | |||
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Knowing is Half the Battle |
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| As Extraordinary as Everyone Else  |
Many on here have reached out to our official SF jeweler, David with Mimi’s jewelry and been happy with his offer. You might consider reaching out to him… ------------------ Eddie Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina | |||
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| His diet consists of black coffee, and sarcasm.  |
? "The Almighty, He put some livin' things on this earth so a man can eat." - Festus Haggen, Gunsmoke | |||
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| Member |
https://truegunvalue.com/rifle...ice-historical-value Fan of Sig, Colt, S&W, Beretta, Browning, etc, etc. | |||
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Member |
The contrarian in me says now isn’t the time to go ‘all in’ with gold or precious metals. It seems the pendulum is due to swing, 6 years or 50? Don’t know. | |||
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| Just because you can, doesn't mean you should |
Wow. Back when I was a kid the government had the price fixed at $35 an ounce. That’s a pretty good return no matter how you look at it. ___________________________ Avoid buying ChiCom/CCP products whenever possible. | |||
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Optimistic Cynic |
Looking back in time....someone shorted Enron @ $90 six months before it went to zero (not me), more recently coulda bought GME when it was $.25 at the beginning of the squeeze and sold it six months later for $350 (not me that time either), so easy to see in hindsight, both paying returns far in excess of Au in any stretch of time. Pick different dates, and the outcome is far different. I didn't have a bet on the Jets beating the Colts in SB III either. How is GOLD! any different? Gambling is not investing. Except that, back then, it was illegal for individuals to physically possess bouillon. Proving, once again, that Govt. is the ultimate arbiter of "investment" opportunities. | |||
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Member |
I have a few different kinds of metals, not for investment purposes but more for insurance, because of my government. | |||
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Don't Panic |
Depends on when he was a kid. The illegality of private ownership of gold started in FDR's benighted term (1933 executive order) and ended when good ol' Gerry Ford made it legal with his own executive order in 1974. link | |||
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| Just because you can, doesn't mean you should |
I was still under 21, barely. But still acted like a kid for many more years. ___________________________ Avoid buying ChiCom/CCP products whenever possible. | |||
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