Aces High Bulletin Board
General Forums => The O' Club => Topic started by: fbEagle on November 01, 2012, 10:23:12 AM
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So i dont have any bills other than flying, school and Aces high of course :D Im thinking about investing the rest in gold. Any tips?
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In my opinion you have missed the boat on gold. It has been pushed too high for the ROI vs risk of devaluing. I think other precious metals are a better investment right now. Guns are a great investment too just make sure you are with very knowledgeable or have someone that is to make sure you are not gonna get hosed. Real estate is good to right now if you have some cash and good credit. Historic low interest rates and under priced properties set to appreciate if you know which area to buy in.
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last time I bought gold I lost a bundle.
semp
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Investing :rofl
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wine is amazing to invest in...
buy young, sell up to 25 yrs later...1000`s % profit..
trick is pick good classics ..clarets..limited supply of a the best stuff...
dont drink em!
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The gold band wagon tipped over a while back.
Silver might be a safer bet, you can certainly get a lot more for your money and bars of silver make for great christmas presents.
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Copper or Platinum
Gold was last year
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Copper or Platinum
Gold was last year
That's a really good idea. Copper is not only a consumption metal but copper wire is always made from virgin copper, not recycled.
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:rofl
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No on gold.
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Buy Lead, brass and copper. Stocks in ammo and gun manufacturers is a safe hedge, you wont make a lot of money but you won't loose it either.
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That's a really good idea. Copper is not only a consumption metal but copper wire is always made from virgin copper, not recycled.
So Rob, are you going to go to home depot and buy a bunch of rolls of 12/2 with ground? LOL think I'll invest in HD stock. J/K of course
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Spend it or give it me to invest.
"Your Investment May Go Up or Down" :rofl
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Get a job and stop watching daytime and late night tv infomercials. And Glen Beck. :noid
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Buy a brand new violin, play it for about 20 years and sell it. It will be worth thousands more.
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Buy a brand new violin, play it for about 20 years and sell it. It will be worth thousands more.
:rofl
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All the precious metals (PM) tend to track in a similar manner, though industrial metals like silver tend to be more impacted by how the economy is doing. Investing some portion of you portfolio in gold or silver is a good hedge against major hits to the market, not as an investment, but as a means of preserving some wealth in the case of a major slump in the economy. I don't agree that Gold has reached a high and is about to go down. I think it still has a ways to climb; some of the folks I follow believe we are likely to see $2000/oz in 2013, and perhaps as high as $3000 by 2014. However, I wouldn't put every dime into it. Like oil, gold is traded in $US, and has an inverse relation to the value of the $; so, if inflation (i.e. rapid devaluation of the dollar) kicks in big time, gold and sliver will keep pace, regardless of what the stock market does.
On an interesting aside, I seem to recall that the Bible makes a reference to an ounce of gold buying a fine suit of clothes back in ancient times. Today, a fine suit can run upwards of $1500...not far from today's price of an ounce of gold. Hmmm...
Regarding how to invest in gold, there are a number of ways. You can buy physical gold (bullion or semi-collectable coins), or an gold ETF. You can even roll over an IRA into physical gold (held in a depository) without paying any taxes or penalties.
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Any tips?
Yes, invent a time machine, travel back to 2001 when gold was > $300. Buy all you can, travel back to present day, sell for $1800, profit.
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:rofl
Take a look here - Halfway down the page.
http://www.kevinleeluthier.com/violin_info/values.htm
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In my opinion you have missed the boat on gold.
This
In the late 70's early '80s there was a large run up in gold prices too ($850+ in 1980 dollars), and its value plunged to half that where it stayed for over a decade.
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Buy a brand new violin, play it for about 20 years and sell it. It will be worth thousands more.
At least that would be a sound investment.
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At least that would be a sound investment.
I'm not sure if that pun was intended... But yes, it is a "sound" investment.
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LKQ stock! $10,000 when it went on the market a few years ago would be $150,000.00 today... and we are kicin arse and takin names more now than ever!!
LKQ Corporation (Nasdaq:LKQ) today reported revenue for the third quarter of 2012 of $1.02 billion, an increase of 29.7% as compared to $783.9 million in the third quarter of 2011. Net income for the third quarter of 2012 was $54.0 million, an increase of 9.8% as compared to $49.2 million for the same period of 2011.
http://money.msn.com/business-news/article.aspx?feed=PZ&date=20121025&id=15715330
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So Rob, are you going to go to home depot and buy a bunch of rolls of 12/2 with ground? LOL think I'll invest in HD stock. J/K of course
I'd suggest going out to one of them new subdivisions just before they hang the drywall.
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Take a look here - Halfway down the page.
http://www.kevinleeluthier.com/violin_info/values.htm
I don't think you read that very thoroughly
I also think that you clearly don't realize exactly how long ago people like Antonio Stradivari were making violins (20 years? lol)
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I don't think you read that very thoroughly
I also think that you clearly don't realize exactly how long ago people like Antonio Stradivari were making violins (20 years? lol)
20 years was clearly an understatement, but I do know that violins get better with age if you buy a good one and if you know how to preserve it. You don't have to have a Stradivari violin to make the jackpot, you just need a good quality violin like the ones that are already aged and about 5000-7000 dollars. If you buy one at age 25 or 30 and wait until the day you retire (about 65) then you would have made a good amount of cash on it, provided you have kept it in good/original condition.
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20 years was clearly an understatement, but I do know that violins get better with age if you buy a good one and if you know how to preserve it. You don't have to have a Stradivari violin to make the jackpot, you just need a good quality violin like the ones that are already aged and about 5000-7000 dollars. If you buy one at age 25 or 30 and wait until the day you retire (about 65) then you would have made a good amount of cash on it, provided you have kept it in good/original condition.
The article states in bold underline that unless you're putting up over 50 g's for a violin it's not worth it as a monetary investment
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Gold....my brother is a semi-Wall Street type. His boss is a 79-year old billionaire, literally. Anyway, his boss told him to buy gold and keep buying gold way back when it was roughly $380/oz. He told my brother it would keep climbing to roughly $5k/oz. I, and my bank account roughly a billion dollars short of this old man, scoffed. Well...it has increased by a factor of 4. Will it reach $5k/oz?!?! Bob says yes. I now believe him, so I have slowly been buying gold. Bob has made a fortune by following his own advice. In fact, he purchased the rights to mine tailings in Nevada that contain trace elements of various precious metals. He bought it for $20 million about four years ago. At $380/oz everyone thought Bob was finally losing his brains to old age. If gold hits $5k/oz Bob will easily make another cool billion on this one alone. Last time I was in New York and had lunch with Bob he told me to look at Greece.
Gold? Bob says yes...and why I doubted the old billionaire in the first place, oops!
Boo
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At least that would be a sound investment.
Don't string him along man, it's not really a good thing for him to put his money into.
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Yes, invent a time machine, travel back to 2001 when gold was > $300. Buy all you can, travel back to present day, sell for $1800, profit.
I have invented a time machine :old:
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I have invented a time machine :old:
Yeah and you brought back old Jokes from the past. :D
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buy gold at the peak of the business cycle before investors retreat from the stock market and the price rises, not at the bottom of the cycle when investors are about to get back into stocks and the price falls again ...
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Buy a brand new violin, play it for about 20 years and sell it. It will be worth thousands more.
Only if:
A) You become a world renowned violinist.
B) Your $20 antique store find turns out to be a Stradivari.
C) :lol
Ill stick to loansharking.
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buy gold at the peak of the business cycle before investors retreat from the stock market and the price rises, not at the bottom of the cycle when investors are about to get back into stocks and the price falls again ...
Your investment may go up or down :rofl
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zack give me all your money and i'll make you twice as much!
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Your investment may go up or down :rofl
Zack,
I've seen you write this several times now and I know that you know it's a statement on any investment agreement so the nominds of the world wont think that an investment can only go up!
You seem to be against investing your money,do you suggest I stuff my mattrest with it? Simply leaving any money in a savings account will yeild you nothing so I guess the mattrest idea atleast could give you some comfort.... :devil
I never bought into gold,could have but didnt,however I did buy a stock a few years back,02,google has been good to me!!
:salute
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Investment were great if you had a spare £50k hanging about, but today the investment Guru's are hiding in their villa's :rofl
They are scratching their butts wondering where they are going to get their money from now :rofl
Guess what they are going to steal it back of us :rofl
The UK government are trying to force people to have a private pension, why? So their chums in the city can have the money :rofl
They want us to give money to the people who have screwed it all up in the first place, fantastic.
I have some investments, I will post the photos on Saturday :)
These have nothing to do with the City of London and will only go one way :)
Subprime :rofl UBS :rofl
It like taking candy from a baby :rofl
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I have some investments ... and will only go one way :)
Your investment may go up or down :rofl
:uhoh
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Hows your portfolio? :rofl
Financial advisors :rofl
This recession has not even started yet and they are still peddling their trade :rofl
"A fool and his money is easily parted" :rofl
they are the first to moan when it falls flat on its butt, they never blame themselves :rofl
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I invested spending all my money before the missus does. :old:
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Here's a good one buy a house invest in it, save all your money up, and when your old and need looking after the government will take it off you :rofl
Here's another one spend all your money on booze,cigarettes and cars and when your old and need looking after the government will pay for "everything" :rofl
This is not a myth this is the UK in the 21st century. :old:
Its absolutely true :)
By the way the "Government" = "The City of London Financial Sector" :rofl
And they have been bailed out by "MY" tax money because they were rubbish at what they did, bailing out greedy people because they were rubbish at what they were doing, fantastic :old: