Instead of saving money for retirement, why can't I just use that money to buy gold? I mean.....if I save $500...

Instead of saving money for retirement, why can't I just use that money to buy gold? I mean.....if I save $500,000 by 65 in my retirement fund, if the currency gets fucked anytime between now and then, my retirement is worthless right? but if I have hoarded gold...I'll be 100% safe right?

Other urls found in this thread:

youtube.com/watch?v=70xBQ2lL_pE
nasa.gov/content/what-is-nasa-s-asteroid-redirect-mission
wired.com/2012/04/planetary-resources-asteroid-mining/
freeenterprise.com/deep-space-industries-mining-asteroid/
youtube.com/watch?v=DEw6X2BhIy8
twitter.com/SFWRedditImages

Yeah sure why not

If the economy crashes food water and bullets will be a lot more useful than gold. Gold and silver are however nice to store your money in to protect it from uncertainty like Brexit. Typically gold is inverse to the stock market.

>I'll be 100% safe right?
Not if the state thinks it needs that gold more than you.

Ok, well. My parents owe me $50,000 cash that I've loaned them, they're paying me back @ end of the year.

I was going to put that into my superannuation fund, but now I am considering just buying $50k worth of gold.

My goal is future security when I am retired. I don't care about being super rich or anything, I just don't want to have to rely on the paper dollar.

Go on?

I made some real money on gold in the late 00s. When I was in college had a paranoid streak that worked out in my favor, pulled my money out of the stock market before the crash and put it into gold.

That was (mostly) luck though.

It's not unwise to have a diversified portfolio that contains items like gold, but later gold took a dip and weakened once the market got stronger. Fortunately I was out by then, and I never in fact put money back in the market.

It's amazing to me how the stock market is, how something like Tesla could be out performing Ford when Ford actually makes money and Tesla doesn't. I'd feel more comfortable in the stock market if it actually aligned closer with company performance rather than feels.

The possession of gold by the individual has been criminalized several times in our history, especially by socialist countries. I still think it's a sound investment, but you should be wary about what the state is thinking about it and should watch out if the gold you buy gets registered in some way by the state.

He is correct in that the better investments begin with basic things like ensuring food, water, shelter, safety, community, skills, etc.

But if you have nothing better to spend your money on then gold is a great hedge. Approximately half of my surplus wealth is in gold and silver as a form of retirement insurance, and I can tell you it feels pretty good that I could afford to lose my market exposure or the value of my lumps of metal and still have other things to fall back on.

Hmm, well the idea I had is that If I buy $200,000 worth of gold in the next 10 years, that that $200,000 worth of gold now......in 40-50 years time, will be worth more than what that $200,000 would have increased to, with a much higher guarantee.

I'd go full sons of the harpy mode if that happened here.

Precious metals horder here, DONT BUY GOLD. I believe its drastically overinflated, and that silver and Platinum are much better buys right now (especially when silver goes back to $15-$15/oz). Looking at a historical average gold should only be around $800 an ounce right now, not $1300+.

Theres a chance it'll stay overinflated indefinitely and you'll do great, but theres also a chance it'll return to its average (a much bigger chance IMHO) in which case you'll lose like 40% of your value.

Also, don't dump $50k into it all at once if you don't know what you're doing. Make a plan to spend it over some length of time and learn as you go.

Take a post like this You should be able to explain why or why not this is good advice.

Let's say that does happen.....the currency itself is going to lose a fuck load more value over the next 40 years anyway, regardless...right? So even in the worst case scenario with gold.......i still come out better off, no?

Yes, yes you do.

God damnit, we ARE fucked.

You'd still be further along with silver or platinum tho. I'd choose any of the 3 over just having your money sitting in a 1% interest savings account tho.

You mean a negative interest rate savings account after factoring in inflation?

okay thanks going to keep that in mind

Yes, thats unfortunately my point :(

Keep in mind we'll be lucky to lose a little on inflation, nevermind the looming possibility of the entire US dollar going tits-up

Im here to serve, good luck taking your country back ausbro

>but if I have hoarded gold...I'll be 100% safe right?

until I murder you in the night and take it from you yes

The dollar is a real deal matter of national and international security. If and when it goes tits up, then that's when we enter the lose/lose situation of mad max under total death and anarchy or mad max under a total death and anarchy in the name of a new world order.

But what negative interest rates do create for the person who notices them is the incentive to not leave your wealth rotting away in a bank. Whether that takes the form of speculation, what one considers to be wise investments, or just a flight to safety is up to the individual.

Just be aware that there is no shortage of people trying to get rich on your reasoning.

I buy silver. I started hearing ads for a place called Badlands Pawn. Fucking radio station, concert venue, pawn shop, gun store, tattoo parlor, gun range able to shoot up to 50 cal machine guns, race track and so on all in one. What caught my attention was the fact that they buy and sell silver and gold and have their own foundry!

So I head on up there (2 hour drive) to check it out. The place is awesome. Then came the part where I talked to the woman there about buying silver. I asked how much over spot they sell for and she had to get a manager. Not good. Turns out, they use the foundry to make "souvenier" bars and coins. An ounce with their shitty pawn shop emblem on it sold for four times over spot price. I said "really dude?" and he mumbled some shit about tourism.

Ever heard of them? Most likely not. We hung around for a while and saw lots of suckers buying one ounce coins. They even sell kilos for the same 4x over spot.

Play it safe and you should be ok. Just know what you're buying and how much it's worth.

>not buying platinum, iridium and titanium

>I am considering just buying $50k worth of gold.

get metal not certificates

All of which are industrial metals, rare as they may be, and more akin to commodities trading than investment.

This. I'm at least a year out on some bankruptcy proceedings from some alleged not even pooled storage at a major depository. It's not going to kill me if I lose it all, but that's about the least liquid and most unreliable thing I ever dipped my toes into.

but where do u plan to keep it? under the matres?
any phisical valuable is at risk of being stolen or lost. and if u say the bank then this guy has a good point

in the end nothing is 100% safe. u jast have to make a choice and hope for the best

Buy as much as you can, drive up the value of my gold please pleb.

>not buying uranium

>not buying thorium

>and more akin to commodities trading than investment.
Well, they don't go up in price very fast but they really won't be going down either. Platinum might fluctuate.

>he doesn't already own a hydrogen bomb
I thought americans were free?

A bunch of it is in a hefty shoebox on my desk awaiting transfer to a military surplus ammo can because that's really better suited to how heavy it gets. Actually designed to be stuffed full of lead.

Not telling you where the rest is, but I'm pretty sure if my house gets looted they'll be grabbing my computer, food, guitar etc. before hunting around for a mythical pot of gold somewhere.

>not stockpiling oxygen so you can survive longer after the air runs out

>not buying fel iron

Plebs

Nope.

You buy now lets say 500 gold for 1 emu dollar its likly that in the future gold will be cheaper. More deposits found. More gold in circulation. The more there is of somthing the less valubel it is.

It even counts for gold. You have to sell it for letts say 0.5 emu dollars.

Can be the oposit. But thats a gambel.

Rember that gold you buy but is not phisical in your posetion. It is not even dug out yet!!!

What if there will be no gold any more or they cant supply the amount. What if?

There is no 100% safe way for retierment.

You can be a asshole.
Buy land. Build your own house.
Have children. They would have to take care of you. You be balast for them but hey its me me me all the way rigth?


Just kill your self.

>but if I have hoarded gold...I'll be 100% safe right?
No investment is 100% safe. Some are safer than others but nothing is guaranteed

Gold and other precious metals are an extremely volatile investment. Their prices are prone to very rapid fluctuation.

You may be able to use that to your advantage or you may get screwed over if you buy/sell at the wrong time.

Precious metals are a bit too inflated to invest in as of today, I suggest you monitor them closely to see when a better time would be.

I bought a fuck ton of silver when it was $5 to $10 an ounce then sold it all off when it was at $40 an once.

it's dropped tremendously in recent years, last I checked its about $13 an ounce

I'll buy more of it if/when it drops below 10$ an ounce. If you want to invest in anything, precious metals or otherwise, you should monitor their prices closely

>not buying tendies

SMOKE FEL WEED

Put money in managed fund with 5-8% returns.
If lazy invest in government bonds.

How about Paladium?

>Well, they don't go up in price very fast but they really won't be going down either. Platinum might fluctuate.
Right. So the question is whether you're buying to trade, whether you're buying strategically and expecting to play shufflepuck with your assets over time, whether you're buying to chuck it in the closet expecting to will it to your grandkids before liquidating, or what.

I'd say all of the above are good ideas for a balanced approach.

Gold isn't a rare material. Once asteroid mining kicks off, even rare stuff like osmium is going to be cheap. You're better off not saving for retirement at all and instead saving and obtaining life extension treatments as soon as you are able.

If you don't hold it you don't own it

Watch this first and you should never go 100% in anything.
youtube.com/watch?v=70xBQ2lL_pE

What's paladium used for? What will drive demand? How long are you expecting to hold it for? How easy would it be to liquidate if you were thinking you'd liquidate it?

VAT? XD

>Gold isn't rare

Actually it is

Kek

Tendies as new world currency.
All in favor say "aye".

>ou buy now lets say 500 gold for 1 emu dollar its likly that in the future gold will be cheaper. More deposits found. More gold in circulation. The more there is of somthing the less valubel it is.
I don't think there are any major gold deposits that will impact supply on that level, the Alaskan and California Rushes were over 150 years ago.
>Rember that gold you buy but is not phisical in your posetion. It is not even dug out yet!!!

Obviously don't buy gold contracts buy fucking gold, one ounce coins from Australia, The US, Cana--my bad those cucks sold all theirs.

Jim rickards is a shill

He only says that "no more than 10%" nonsense because financial advisors can't make commission off physical bullion.

>buying the metal jew

To be quite frank with you, if I had rented a refrigerated werehouse, stuffed it full of chicken some years ago, and then waited, I could have made unbelievable returns.

>spend entire life savings on gold
>asteroid mining in full swing within ~30 years
>all precious metals become worthless dirt as they literally rain from the sky by the metric ton
Asteroid mining is something that will definitely happen in the near future. When it does, you're fucked.

See
This.
All it takes is for the the banking cartel to decide that gold in the hands of private citizens is dangerous to their complete dominion of the market. They start to pull strings with politicians. Politicians vote to "monetize debt" and make trading in anything other than electric banking or paper bills illegal. The government then gives you about a year to get your gold back at a set price per ounce...they'll probably first pay you off with tax deductions and what not then whatever is left over will be sold given to you in their new fancy currency that is "waaaay better" than any previous currency. Then you basically get fucked anyway, because trading in precious metals is illegal, they've made the value of gold useless if everyone else is afraid of doing anything with it. It's just like why you can't trade in goods either...people use to pay Doctors anything they could for medical expenses. If they worked a farm the doctor would get food and other goods that the farmer could provide with their labor...everything was bartered and the value of goods and services were closer to what they are actually worth.

But then some devious hook nosed bastards saw all this work going on and how they could profit off everyone else's hard work...so currency was invented to act as a buffer to the free flow of all peoples willingness to work for different rates to adjust to what the other party could be able to properly compensate.

I could really get into this shit but it would take forever

TL;DR money is the root of all evil

OH DESIRE

uhhh.. yes it is.

But he is right.

>people actually believe this

Last time they did that, in 1933, basically nobody turned in their gold and the government couldn't do shit about it. It was a force majeure.

The black market always prevails.

if you think that a better system is to bring 50 chickens to my emergency department you can kiss my ass.

Silver will never go below 10 dollars an ounce again, and it's severely undervalued. The ratio of gold to silver in the earths crust is 13 to 1 so if gold is selling for 1300 an ounce silver should be selling for a hundred an ounce and last I checked it was 16, commodities always seem to do well when stocks do poorly.

Lol in 30 years?

I'd be surprised of asteroid mining happens in the next 300 years.

Name a single investment safer than gold

Lol
nasa.gov/content/what-is-nasa-s-asteroid-redirect-mission
kek
wired.com/2012/04/planetary-resources-asteroid-mining/
lel
freeenterprise.com/deep-space-industries-mining-asteroid/
etc
You guys really ought to look into this stuff before you try talking about it.

Weapons are p. good. I don't know if they're better or not per se.

gold would still be rare, fucking educate yourself:

youtube.com/watch?v=DEw6X2BhIy8

something to read:

"Gold is so rare because the conditions needed to make it are rare. On average,
in a galaxy of a 100,000million stars, there will only be one supernova
explosion per century, and the explosion itself is only hot enough to make
gold for about a minute."

fucking kids ruining my Sup Forums

Why invest all your money in gold? The price of gold goes up on fear of inflation and currency fears. Inflation has been dead in the water. Gold's relative performance is weak.

Ironically, for quite a while, it was South African gold that was the best bet due to legal factors affecting the effective availability of gold that you'd think would be easier and cheaper to get your hands on.

Good historical lesson. Also neat to know what copper-doped gold coins look and sound like, and to have a keepsake from before South Africa went back to the communist nigger chimpout zone.

Rarity is a function of amount needed.
If you have 5000 people and only 50 gallons of water then water is rare and scarce as fuck. If the supply of water suddenly explodes to higher levels than it has ever been relative to the population then suddenly it's fucking waterworld and people are taking hour long showers just because they can.
Same for gold. Right now it's valuable because we use it for a lot of stuff but have a relatively small supply.If we start mining asteroids that supply will explode to far greater levels than we can possibly use unless we just start building shit out of solid gold eg it's fucking worthless.

Also I like how you say "educate yourself" when you literally took the first result from a 3 second google search. Yes, clearly you're very well educated.

>pushing NASA propaganda this hard

We're gonna colonize Mars in 50 years too, right?

Palladium*
>Missed the l
Palladium is used for the hydrogenation of unsaturated hydrocarbons, but its main
purpose, along with rhodium and platinum, is in
the three-way catalytic converters in car
exhaust systems.

It is used by the autocatalyst industry, the electronics industry and to make White Gold.

The rest was used in other industries, such as
chemical, dental and investment etc..

>asteroid mining will produce large quantities of gold
the main purpose of asteroid mining would be to harvest iron-nickel ore and platinum. industrial and rare elements would just be a bonus.

You're right. I'm sure they're just building the most powerful rocket in history for funsies.

Good man. Always do your due diligence.

I'm not up on exactly what the future tech needs will be, but the trends of the auto industry, which historically drove the market around a lot, seem a bit murky these days. I haven't bothered to look into it hard enough to advise on a long play.

>Hmm, well the idea I had is that If I buy $200,000 worth of gold in the next 10 years, that that $200,000 worth of gold now......in 40-50 years time, will be worth more than what that $200,000 would have increased to, with a much higher guarantee.

I have bad news for you user...
The elites have already stated that they want a cashless society. They want to move to the RFID chip and eliminate the ability of people to buy and trade without the expressed consent of the ruling class...basically if you don't play by their rules then you're being a bad goy and deserved to be punished. They will punish you by basically turning off your chip or black listing you so it will be a major crime for the conforming public to interact, buy, sell, or trade with you. Gold will be useless to the average person and if the government decides they want to purchase back the gold just like they did guns in Australia...it's not gonna be whatever you thought it was worth...it'll just be shit.

Buy property you cunt

It's insulated against inflation and due to pop growth it's always in demand

Well yeah but it not like they're just going to shrug off tons of gold in orbit around us. They're going to collect anything and everything worth dropping back to earth. That includes the massive amounts of gold.

Make the same post on /biz/ They will tell you to invest in cryptocurrency

>14 billion year old universe
>billions of galaxies
>140 million stars supernova'd per galaxy making ridiculous amounts of gold

I feel you're low-balling it though. Regardless, gold is hardly rare. It's not carbon, but it's a lot easier to get than uranium (which is pretty easy to get).

the shills will tell you to invest in that, but the actual posts will tell you to invest in a diversified portfolio with various types of stock.

Palladium is higher-value than Platinum but has
the same trend of plateauing as Platinum.

Nothing beats the ole' Gold standard

i don't think you understand just how rare gold is.

also, i never proclaimed to be educated. i told you to educate yourself. dear lord, are all americans this stupid?

There are also plans on the table for microbial sea life that happens to chemically accumulate gold and even some rather exotic thinking about how to use humans as chemical reactors to accumulate all sorts of useful molecules. That's how wild and crazy the future could be, but it's still not profitable at this point.

And I wouldn't exactly expect to be the beneficiary of such advanced technologies if and when we get them. Maybe if they got so ridiculously profitable that for some reason the powers that be still had a need to tank the physical market.

>>Pretty much this
And don't buy into any Insurance/Trust Fund scheme unless you want to get Burnt in this current market

This. Land value on Earth will continue to rise until population growth stops, which it probably never will.

it's all relative to the size of the area you can actually explore and mine. that's also not to say that you'll find it in every asteroid/area.

anyway, gold is rare. that is a fact.

>i don't think you understand just how rare gold is.
I think you're completely ignorant of why asteroids are so valuable. In fact, I know you are.
>also, i never proclaimed to be educated. i told you to educate yourself. dear lord, are all americans this stupid?
Sorry I just didn't want to assume you were a hypocrite. Now I know, you hypocrite.
Asteroid mining isn't nearly as far off as people seem to think. Rosetta already showed that an overly difficult rendezvous is possible. There are many closer, better studied options that we could capture very easily comparatively.
Depending on the orbit of the asteroid it could also take very very very little delta V to put it in orbit.
With the right candidate asteroid we could easily do it in this decade with existing technology.

>gold is rare.
Only someone from South Africa could say this and mean it. Just like diamonds are rare, eh?

Children

Gold is pointless unless you plan on reselling it constantly. at that point you migh as well start online trading. If you want to invest in a tangible asset that will last in time and give you a constant cashflow buy a house and rent it

People turned in most gold that could be considered "currency". Gold in the form of jewelry and fillings, whatever else isn't typically used for trade people kept...that's what kept the black market running with gold...granted the prices people traded in weren't really reflective of what its inherent value was.

Jewelry can always last in the black market for transactions

I rather invest in Uranium Stock
>Literal Monstrous Growth Potential

Well, we could also mine the moon, stick a man on Mars, or peg our nuclear waste into the sun. But for some reason we don't.

Or at least """we""" don't. If the future is so bright we're mining asteroids and colonizing the galaxy, I'll buy 10 pairs of shades with my dollar 2.0s and give my gold to a museum so they can see how the savages used to live.

this guy knows, but silver and platinum if you want to invest in metals

Enough to ship the melt off to Europe. But average joes with the sense to ignore the mandate didn't, which I think is the important lesson. There's a lot of pre-1933 gold around, and it's arguably pretty valuable if if you know what you're doing. Pretty valuable if you pawn it off to people don't, as well.

But yeah other forms have historically done rather well. It'll be interesting to see what might happen some day when the poo in loos have about last I heard 1/3 of the world's above ground gold in the form of jewelery. Kind of puts a wedgie into jew dreams about gold control.

This is actually an interesting idea. Uranium is very rare and if we actually start supporting nuclear energy its prices will skyrocket overnight like gasoline after the model T.
>Well, we could also mine the moon,
This would have huge environmental impacts. Also there are treaties in place saying nobody can touch the moon.
>stick a man on Mars,
It's going to happen soon. For the first time in history there are actually programs making progress towards this goal. Usually it was just presidential statements with no followup but now we have the orion program and SLS actually built and being built. Not to mention companies like spaceX that have mars goals too.
>or peg our nuclear waste into the sun
Not nearly as easy or smart as you'd think.

what are the usa stock letters for silver and platinum

t. noob

>won't take muh chickens
Would you like some fine virgin goats then Achmed?

All joking aside, I didn't mean I want to go back to a system like that. I was giving an example of how something that is very expensive today was handled differently in the past. As far as what that could relate to today I believe that is up for debate. Obviously money is a necessary thing to a certain degree...and your statement is the proof of it. I have two jobs. I work in the emergency department as an EMT for one job and in the laboratory as a phlebotomist for another. I make cash because that's what my job compensates me in. I agreed to that. But I also work for free when someone asks for help...I got into healthcare because I wanted to help people, not bleed them dry. If there wasn't cash in this world I could still use my skills to get what I needed in life...people would also be closer and less alienated from each other.

Pic basically kinda related

you cant buy gold at market price, way lower.
and you cant sell gold at market price, way lower
but do whatever you want.
Philippines has the most gold in the world, look how well that's working out for them.

Once the 'Big Oil' lobby dies down, Nuclear would be all the Hype.

Not sure how long it would take though, probably within 10-to-25 years

1/4 short bonds
1/4 long bonds
1/4 precious metals
1/4 stocks (cheap global index funds)
This is the recommended safe long term portfolio, works in all market climates, 7% per year with very low risk.

>electricity is free

No real assets?
>Wut

Bonds are going to take a hit soon
>Be careful