Posted on 02/06/2006 3:54:32 PM PST by B4Ranch
I heard a radio ad yesterday that went something like this: "Our research shows that gold could be trading at $2000.00 an ounce in ten years, so don't delay, call us today!"
Nobody ever made a profit by buying anything. It's when you sell something that you may earn a profit.
See #13
If you invest in precious metals, take delivery. Have a safe. And understand you ain't gonna get rich quick.
Speculating in futures is only for the professional.
In fact, if you think about it, the best you will do with a precious metal investment is protect the value of the dollars you put into the precious metal. By the time gold hits $2000 an ounce, your dollar will buy a lot less than it does today.
Not everyone will be as fortunate as Hillary.
Now that's funny.
Mr Robinson sez: "Plastics" :)
Myself I believe in concealed safes for storing 'extreme' valuables. One of the nicest jobs I have ever seen was a safe that was hidden under the carpet and sunk into a block of concrete.
It cost $2200 to install but from under the house it looked like part of the foundation and if you didn't know what table to move in the house, you weren't going to find it.
Another one was in the garage and anchored to the floor with 1"X12" bolts. I'll bet a jackhammer would be needed to move it.
If a safe is out in the open, a thief only has to threaten to bust your wifes arm and you'll open it. If they can't find it then the risk of violence is much less.
Question, is there any American owned cement companies or have they all been bought by foreign investors?
Buy CX the Mexican cement company. They sell lots of it to U.S.
>Gold does not produce anything. A share of GE does--dividends, earnings.
Dollar dividends also don't produce anything.
Mexico is a country I boycott along with Russia, Iran, N. Korea, China and a few others.
>>. . . lie about or overstate their ability to predict prices or the direction of the . . . markets<<<
Cramer and Greenburg do that all the time.
My dad had a room built off the garage which connected to the house. It was one like you see in some movies. Nobody would have ever preceived its existence. I remember when my mom passed on, my brother and myself stored much of the valuables in there before the greedy family members arrived.
The sales pitches run the range of most of the common fallacies. Fact is, none of the sale personnel can see the future any better than anyone else.
That's why I don't hold dollars. I put them in the bank, where I get interest.
These daze: 62% total stock market index + 33% total bond index... 5% varies with REITs, GNMAs, & precious metals, cash, & AAA munis.
Don't forget the capital gains from stocks and other commodities. More often than not the capital gains far exceed the dividend distribution.
But I agree that gold does not produce earnings. Gold is what sank the Spanish empire.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.