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I thought gold investing was just a crazy Glenn Beck scam....

Last response: in News & Leisure
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I figured that Gold became a bubble at around $1100. I still remember when it was under $600 easily.

Though, I think with the fiat system in place today that gold isn't going to have as much sway as it did previously. Other tangible items I strongly believe will take place as the new resource for a short time.

But everyone still believes gold to be of some value... Money after all is nothing more tahn a means to an end. Money can thus be anything.

I remember when gold was under $500/oz. I wish I had started buying it then. A 350% return ain't so bad ya know?

I've heard Glenn explain to great lengths how he buys gold. He buys antique European gold coins. He does not recommend this and always tells people to do their own research before even considering it. He explains he buys it as an insurance policy not an investment.

Gold has been seized by the US government before. It could happen again, but they will most likely leave antiques alone, but who knows?

Heck, you're better off investing in copper considering all the thievery going on with homes being stripped, construction sites, etc.

That's true. It wasn't until like 1971 Americans could have gold? Very few people realize that you couldn't own gold in America.

The Antique stuff is a good idea but I recall Obama had something of a policy plan against that because so many people were doing it and putting there money into it. They were buying like a $50 worth of gold but calling it an antique and valuing it a lot higher (I suppose thereby inflating the value of that gold?).

Gerald Clemente has been buying gold for a long time too. Haven't followed him as much as I'd like but he has some good advice and has been solid on the market and watching economic indicators.
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Oldmangamer_73 said:
I remember when gold was under $500/oz. I wish I had started buying it then. A 350% return ain't so bad ya know?

I've heard Glenn explain to great lengths how he buys gold. He buys antique European gold coins. He does not recommend this and always tells people to do their own research before even considering it. He explains he buys it as an insurance policy not an investment.

Gold has been seized by the US government before. It could happen again, but they will most likely leave antiques alone, but who knows?

Heck, you're better off investing in copper considering all the thievery going on with homes being stripped, construction sites, etc.


Geez - I wish I had bought Apple stock some 12 years ago when it was selling for $5 a share :p . Lessee now - $568 / 5 = 11,300% return - that ain't bad atall :D ..

fazers_on_stun said:
Geez - I wish I had bought Apple stock some 12 years ago when it was selling for $5 a share :p . Lessee now - $568 / 5 = 11,300% return - that ain't bad atall :D ..



Funny you say that. My Father bought Apple stock back in 1981. It split like 4 times before he sold it. :) 
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