To invest or not?
How do you feel about investing some of your life savings in gold and other precious metals?
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ShadowWorker · 61-69, F
When you believe that you’re going to need gold, what you’re really going to need is lead. 😉
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@Mbingh01
In a collapse scenario the contents will probably be impounded by the government
In a collapse scenario the contents will probably be impounded by the government
Mbingh01 · 61-69, F
@Onestarlitnight I guess I’ll have to bury it somewhere.
GJOFJ3 · 61-69, M
It a good idea if you can keep the investment for four or more years
LamontCranston · M
@GJOFJ3 [@Mbing01] Note that the price is in nominal dollars, so its much less impressive in inflation-adjusted dollars.
To OP: Why are you more afraid of what the stock market might do than what one commodity (gold) might do?
To OP: Why are you more afraid of what the stock market might do than what one commodity (gold) might do?
Mbingh01 · 61-69, F
@LamontCranston I’m afraid of a crash and losing a big chunk of money. But with gold, when the dollar goes down, gold usually goes up.
LamontCranston · M
@Mbingh01 Look at the chart. what if you had bought gold in 2011---a lost decade.
You are better off diversifying .
You are better off diversifying .
MarineBob · 56-60, M
That is where mine is
littlepuppywantanewlife · 31-35, M
Have tried to invest in equity shares?
I wouldn't .