Posted on 08/29/2017 1:48:08 PM PDT by Mr Apple
Gold prices were trading at the highest level in almost a year on Tuesday as investors flocked to the safe haven on heightened tensions between North Korea and Japan. Trading solidly above the key psychological level of $1,300 on the news of a North Korea missile launch over Japan's airspace...
(Excerpt) Read more at kitco.com ...
It’s possible Bitcoin could lose all value but that can be said of many investments. That being said it’s been around for quite sometime now and even with China getting out the value immediately recovered to over $3600. Calling bitcoin a Ponzi scheme only shows you do not understand what a Ponzi sheme is or how one works.
Yes it is entirely possible for bitcoin to go that high. It’s really just simple math as the world supply of bitcoin is fixed. Now I don’t think it will take off that fast but I can easily see bitcoin north of 10k in five years. Please don’t take this as me suggesting anyone buy into bitcoin. I’m just very intrigued by crypto currency and the driving force behind it. I do believe crypto is here to stay and we are witnessing the birth of a new medium of exchange and the ultimate replacement of fiat currency.
I congratulate you on your superb investment ideas. I haven't thought about that. Very astute! Excellent work my friend!
Since you posted some good info. for me and readers to review, I'll post some of my past moves. And the following is much better then buying physical gold.
One of my better, smart moves is that -with my kids in mind, I purchased each (3) of them $50,000 worth in tax free municipal bonds years ago (out of Pa.)
I've also invested in -for the long term for my three kids to inherit- about a dozen rare numismatic coins that are PCGS graded and encapsulated. One of my prize coins is a 1797 Draped Bust (Small Eagle Reverse, silver dollar ) in AU50 condition for $11,500. Got this gem of a coin in October 2013 (this one particular 1797 coin is now 220 years old and we and all readers here will be long gone when someone else has this coin in their collection in another 100 years.
These numismatic investments are definitely for the long term. I like numismatic coins for long term investing more then stocks or any other type investment including dirt. [Free info. Buy investment grade coins from Heritage Auction Galleries out of Dallas. Best of the Best auction houses. Lock coins you acquire in a safety deposit box and forget about them so members of your family will get them down the road/buying and winning coins at auction are sales tax free]
Btw, my wife and I are going on another 2 month fall road trip and traveling around the country and leaving tomorrow morning. I won’t be posting much until I return right before Thanksgiving. Take care.
Yes, but you had money
Those that brag about not buying had nothing to buy with
The stock market is currently MORE over-valued than during October 1929, based on 10 year inflation adjusted rolling average. It is most certainly in a bubble. However bubbles can go higher than expected or rational. People who can not afford to lose more than 10% (seniors) would be wise to get out.
Note that more money is lost in the stock market by not cashing in profits, than by selling too late.
The way I see it, ALL hard assets are currently over-valued, including houses, stocks and land. Prepare well and be patient for the crash coming in less than 3 years.
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