quote:Originally posted by GoldReference Have you considered investing some of your funds in a gold IRA for a more diverse portfolio(?)
Why to invest in gold/silver?
Even though your post is going to be either deleted or truncated, I'm going to answer your questions. First question: No, I've never considered it, because it's a fool's errand.
Let me answer your second question: "Because you don't understand investing and you bought into some doomsayer's predictions of an economic collapse in your lifetime." Note that during recent emergencies, there's no one selling anything because they don't have it to sell. You're not buying non-existent gasoline with gold any more than you're buying it with dollars. Remember all the Katrina and Sandy victims lining up to buy food with gold due to the collapse of their local economy? No? Neither do I.
Gold is worth what someone else is willing to pay for it, and it will never increase in value until another use is found for it or someone else is willing to pay more for it (because he, too, doesn't understand investing and listened to a doomsayer), whereas any equity can increase in value due to company acquisitions, new product development, greater market share, or many other fundamental aspects of well-run companies.
Gold? It's a rock that some people like to keep in a drawer. At best, gold is a hedge, but real estate is a better hedge against inflation, because you can get income from real estate, but not from gold.
"Hey, you want to rent this necklace for a two-year lease at 1% of its purchase price per month?" That doesn't work as well as apartment rentals.
Mon Oct 28, 2013 3:35 am
coaster Senior Advisor
Cash: $ 1626.30
Joined: 11 Oct 2005
quote:Originally posted by Wino Even though your post is going to be either deleted ...