A Complete Waste of Space

I'd venture the guess that if you make a lot it's because you're not the one guy who worked his ass and then trusted bankers/insurance to invest his retirement money.

Nic

nicolas10 wrote:I'd venture the guess that if you make a lot it's because you're not the one guy who worked his ass and then trusted bankers/insurance to invest his retirement money.

Nic

close. I take advice, but trust no single entity to invest ALL my money, retirement or otherwise. Time and time again, the simple advice to remain as diverse a portfolio as you can holds true. And, that diversity should extend to sources of advice. Trusting others to earn your profits is a fool's game.

Did you buy gold or silver?

both. In moderation.

Don't get paper gold. There's several times more paper gold than is available at the various banks. You have to own it physically.

Nic

nicolas10 wrote:Don't get paper gold. There's several times more paper gold than is available at the various banks. You have to own it physically.

Nic

thanks for the advice. Where would I be without you, nic??
Actually, gold is sort of a waste of an investment, on a large scale. Real estate holds up far better(land, and lots of it, not little hunks of land with depreciating or overpriced buildings on them). Silver, likewise, is a commodity with little practical value, so of limited worth. Sure, a small position in either(yes, redeemable in the actual commodity) is a bit of a hedge, but only a bit. Face it, the only argument for holding significant amounts of either gold or silver, as actual coinage(or whatever) is that the world economy will both collapse completely, and that gold and silver will still be valued for trade going forward. Far better to spread your investments about, through various industries, some governmental securities, and keep a small(say 10%) amount of the total apart for riskier stuff that can yield quick, large profits. Once yielded, keep plowing the windfalls back into land and safer investments. Keep this up for a few hundred years, and your heirs will be on easy street!

The ONLY precious metals I'm investing these days are lead and steel.

When it breaks down and times get tough, I'll use my lead and steel to take some gold or whatever else I need.

If I lose that argument, then whoever wins it can enjoy my stuff as I won't need it anymore.

Wullie wrote:The ONLY precious metals I'm investing these days are lead and steel.

When it breaks down and times get tough, I'll use my lead and steel to take some gold or whatever else I need.

If I lose that argument, then whoever wins it can enjoy my stuff as I won't need it anymore.

sort of fatalistic, Wullie. Those with the gold and 'stuff' can hire mercenaries to protect them. In other
words, yer fecked.

It's not such a bad idea to bet against the $. Its value has been kept artificially since Nixon ended parity, and even a readjustment to where it should be would make it's price increase severalfold. That's if the $ doesn't actually completely collapse.

http://www.marketskeptics.com/2009/11/s ... ssure.html

http://www.forbes.com/feeds/reuters/200 ... RVIEW.html

http://www.24hgold.com/francais/actuali ... ill+Murphy.

nicolas10 wrote:a readjustment to where it should be would make it's price increase severalfold. That's if the $ doesn't actually completely collapse.

this may well replace the Ruggie quote, before the day is out, as my sig quote.