Misc poll: Do you own Gold or precious metals?

[ikepen]

if not, how do you protect your wealth from inflation? Real estate?

[Ratfish]

sadly, i lost it all and all my guns in a boating accident

[ikepen]

sadly, i lost it all and all my guns in a boating accident

you wot?

[GordonXXX]

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.

[guest89]

^ 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.

[ikepen]

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.

Right, I get your point and you are correct but the question was do you own precious metals as a way to preserve wealth against inflation, not as an investment.

[hendrixfreak70]

Right, I get your point and you are correct but the question was do you own precious metals as a way to preserve wealth against inflation, not as an investment.

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. I’ve 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, I’m cashing in. Probably got 15k in metals. Tangible coins and bars.

[Silencespeaks]

Yes I own a misc platinum account.