if not, how do you protect your wealth from inflation? Real estate?
|
View Poll Results: Do you own gold of precious metals?
- Voters
- 7. You may not vote on this poll
-
Yes
3 42.86% -
No
4 57.14%
-
08-13-2020, 04:46 PM #1
-
08-13-2020, 04:46 PM #2
-
08-13-2020, 04:47 PM #3
-
08-13-2020, 05:02 PM #4
Gold (or any precious metal) is not an investment but merely rank speculation. Its price is based solely on market expectations. Gold provides no internal rate of return. Unlike stocks or bonds it creates no intrinsic value through earnings growth, dividend yields, and interest payments. Speculation not investment.
-
-
08-13-2020, 05:08 PM #5
^ Agreed. I have no interest in a large holding of gold.
If I had a lot of money and wanted to protect my-self as best I can. I'd invest in agriculture. Most likely rural timberland that I lease out to logging companies. After they clear-cut replant fast growing pine. Every couple of years you clear cut and replant. Minimal over-head. Very passive over the long term. Land should at least maintain its value.
I have a couple of friends who do that. I don't think they are exactly balling or anything from the returns but it seems like a safe way to hoard wealth.
-
08-13-2020, 06:31 PM #6
-
08-13-2020, 06:35 PM #7
I do. Bought in around 2009 or maybe a little later. About 12 an ounce for silver. Bought a little gold too. Sold a lot when it was around 33 an ounce. I still have a lot from that time frame. Bought a little more a few years back for the kids. It was 18 an ounce. Just bought about 5k worth of precious metals around March. Platinum was 680 an ounce. Silver was 13. Look at me now playa. Iβve more than doubled my investment and am completely in the clear because of my previous investments/selling it before. If silver hits 30 an ounce, Iβm cashing in. Probably got 15k in metals. Tangible coins and bars.
Romans 3:23
Romans 6:23
Romans 10:13
-
08-13-2020, 06:39 PM #8
Bookmarks