Glock Talk
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11-08-2012, 17:48
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#26
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Senior Member
Join Date: Jan 2005
Posts: 375
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I think a lot of people on both sides of the political isle have wondered about this. The answer seems to be.. do what you think best. If you ask you will get nothing.
The economy is not sound, neither is most other countries.
To me if your money is not safe where it is, would it be safe else where. I dont know.
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11-08-2012, 20:03
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#27
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Senior Member
Join Date: Oct 2007
Location: Pennsylvania
Posts: 3,131
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Quote:
Originally Posted by HollowHead
Eerily similar to those people who cashed in everything last year because some TV preacher said the world was ending... HH
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"It is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”
No need for money if the world ends so they didn't think it through.
My decision will not be emotion driven as I have stayed the course through ups and downs but I wonder about keeping it in 10-20 more years as I do not see this ending well.
And it will only get more costly to withdraw it in the coming years as the Government and its voters are hungry for money.
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11-08-2012, 20:05
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#28
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Senior Member
Join Date: Oct 2007
Location: Pennsylvania
Posts: 3,131
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Quote:
Originally Posted by briarpatch
I think a lot of people on both sides of the political isle have wondered about this. The answer seems to be.. do what you think best. If you ask you will get nothing.
The economy is not sound, neither is most other countries.
To me if your money is not safe where it is, would it be safe else where. I dont know.
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What to do with it is a problem. What is a safe bet anymore?
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11-08-2012, 22:16
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#29
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Senior Member
Join Date: Oct 2004
Location: Botetourt County, VA
Posts: 498
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Quote:
Originally Posted by walt cowan
transfer it to an offshore account. iceland seems to have their banks in order.
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That's all good, but don't forget to file an FBAR with the treasury dept if it's over $10K in value. Penalties for not complying can be a ***** when they catch you.
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11-09-2012, 05:55
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#30
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Senior Member
Join Date: Jan 2012
Location: Las Vegas
Posts: 772
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Let us know how that works out for you.
__________________
G'day and G'lock.
ΜΟΛΩΝ ΛΑΒE
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11-09-2012, 06:37
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#31
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Anti-Obama
Join Date: Aug 2000
Location: Anti-Hillary too.
Posts: 55,689
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Quote:
Originally Posted by Flying-Dutchman
What to do with it is a problem. What is a safe bet anymore?
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I'll hold it for you.
Seriously, I also don't know what's safer: under the mattress until inflation returns and destroys it, or invested in any institution where the government will "borrow it."
I hope my after-tax Roth 401k will be safer than my traditional pre-tax 401k; that was the deal, anyway.
I'm tempted to take the sudden tax hit now and convert the balance to after-tax Roth, under the assumption that I can then live tax free when I retire. How naive is this?
__________________
In a land of freedom we are held hostage by the tyranny of political correctness
--Redskins QB Robert Griffin III @RGIII
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11-09-2012, 06:43
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#32
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 06:50
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#33
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you savvy?
Join Date: Jan 2001
Location: in a socialist nation
Posts: 17,941
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Quote:
Originally Posted by sheriff733
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
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this. Germany is finding out what a poor holder of gold we are when they wanted to inspect their stash of it here and we denied them access to their own gold for "security reasons".
__________________
wheres my free phone?
both Obama and the KKK want to disarm black folks.
www.silentscream.org
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11-09-2012, 06:58
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#34
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Senior Member
Join Date: Oct 2011
Posts: 2,012
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Staying in my 401K and buying cheap, watched the market fall 400 in the last couple of days.
I dont need the money until 2025 so I have faith that after we collectively come to our fiscal senses I will be better off for staying in the game.
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11-09-2012, 07:17
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#35
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Senior Member
Join Date: Jul 2007
Location: Wylie, Texas
Posts: 1,374
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Quote:
Originally Posted by sheriff733
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
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Are you saying this because of how high it is now that it will only go down from here?
__________________
"In Texas...if ya' kill someone, were gonna kill ya' right back!!!"
~Ron White
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11-09-2012, 12:57
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#36
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Senior Member
Join Date: Feb 2012
Location: Los Angeles, Man, Los Angeles
Posts: 951
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Quote:
Originally Posted by sheriff733
I can't believe that some of you actually think buying gold is a good idea. I'm hoping I'm just not reading the sarcasm, but good lord, buying gold right now might be the dumbest thing I've ever heard.
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Wow. You really have no idea what is coming do you?
Tell me what asset class is going to outperform gold over the next decade then.
__________________
G21~G26~G30~G34
Sic semper evello mortem Tyrannis!
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11-09-2012, 12:58
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#37
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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Quote:
Originally Posted by Longtooths
Are you saying this because of how high it is now that it will only go down from here?
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Well, it's extremely high, yes, but who knows about the future price.
I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.
Let me explain.
Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.
Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value. When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.
It's all an illusion. Gold's value is not based on math. It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. I would advise you to do the same.
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
Last edited by sheriff733; 11-09-2012 at 13:02..
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11-09-2012, 13:12
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#38
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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Quote:
Originally Posted by Glocksanity
Wow. You really have no idea what is coming do you?
Tell me what asset class is going to outperform gold over the next decade then.
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Well, buy some gold then. In the short term, you may do ok. Long term you will lose your shirt.
But, do as you wish.
Posted using Outdoor Hub Campfire
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 13:13
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#39
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,364
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Quote:
Originally Posted by sheriff733
...
Gold is a commodity. It's only worth is what two people fighting over it will pay for it. If all of a sudden gravel rocks were a highly sought after item, we'd be paying through the nose for it too. The only value gold has is whatever another person deems it to be worth. That's a hell of a risky investment.
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Of course it is...
Quote:
Originally Posted by sheriff733
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Gold's value is not based on math.
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That makes no sense at all.
Quote:
Originally Posted by sheriff733
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It's based on someone's opinion, and no way in the world would I bet my way of life on another person's opinion. ..
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What in this world is worth other than what someone's opinion dictates? Isn't that what makes a market?
Quote:
Originally Posted by sheriff733
...
Gold is based on supply and demand. As you know, things that are based on supply and demand fluctuate in value
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What isn't based on supply and demand?
What does not fluctuate in value?
Quote:
Originally Posted by sheriff733
..... When things get really bad, it'll be just as valuable as the piece of green paper in your pocket.
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Because human nature as demonstrated thru all of human history will have suddenly and totally changed?
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
Last edited by Atlas; 11-09-2012 at 13:18..
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11-09-2012, 13:22
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#40
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Inquisitive
Join Date: Dec 2006
Location: Green Country
Posts: 13,164
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Quote:
Originally Posted by sheriff733
I say that because GOLD DOES NOT HAVE VALUE. That's right. It does not.
Let me explain.
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I let you explain.
You came up short.
See ya.
__________________
If Men Won't Even Obey Their Govt.......What Makes Anyone Believe They Will Obey Their God?
Men Seem To Think Their God Is Like Their Govt.......He Is Supposed To Give Them Things, Not Ask Anything Of them.
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11-09-2012, 13:26
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#41
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Senior Member
Join Date: Jun 2008
Posts: 4,379
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Yes , invest in land and some PRIMO seed ....!
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11-09-2012, 13:30
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#42
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 13:31
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#43
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 13:45
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#44
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,364
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None of the articles you linked address any of the questions I asked.
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
Last edited by Atlas; 11-09-2012 at 13:47..
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11-09-2012, 13:50
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#45
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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Quote:
Originally Posted by Atlas
None of the articles you linked address any of the questions I asked.
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It's a terrible investment. Answered that precisely.
Posted using Outdoor Hub Campfire
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 13:53
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#46
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,364
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Quote:
Originally Posted by sheriff733
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"Investment".
Remains to be seen.
Quote:
Originally Posted by sheriff733
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That article is just stupid.
The primary point is "gold is in a bubble", yet it's only conjecture and a baseless opinion. The author gives no facts to back his claim.
That is true of the entire article.
And most of the other points are just wrong, demonstrably so.
"Making predictions is tough... especially about the future."
-Yogi Berra"
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
Last edited by Atlas; 11-09-2012 at 13:59..
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11-09-2012, 14:16
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#47
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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Well, look at the Dave Ramsey link.
He's a sharp fella and just today on his show explained why its a terrible idea.
If he is against it (rather fiercely in fact) there is a reason. I can't explain it like him, however.
Posted using Outdoor Hub Campfire
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 14:17
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#48
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Grape flavored!
Join Date: Mar 2010
Posts: 782
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Quote:
Originally Posted by Glocksanity
Tell me what asset class is going to outperform gold over the next decade then.
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Lead.
__________________
We need to stop asking "who will pay for healthcare" and start asking "why does it cost so much?"
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11-09-2012, 14:19
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#49
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NRA LIFE MEMBER
Join Date: Nov 2007
Posts: 3,273
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Quote:
Originally Posted by Atlas
"Investment".
Remains to be seen.
That article is just stupid.
The primary point is "gold is in a bubble", yet it's only conjecture and a baseless opinion. The author gives no facts to back his claim.
That is true of the entire article.
And most of the other points are just wrong, demonstrably so.
"Making predictions is tough... especially about the future."
-Yogi Berra"
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Go to daveramsey.com and do a search on gold. There's plenty of reasons there.
Posted using Outdoor Hub Campfire
__________________
Sent with Probably Cause and Irrisputable Proof
"This isn't domestic abuse. This is hilarious!" -Peter Griffin
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11-09-2012, 14:25
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#50
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transmogrifier
Join Date: Oct 2001
Location: USA
Posts: 13,364
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Quote:
Originally Posted by sheriff733
Well, look at the Dave Ramsey link.
He's a sharp fella and just today on his show explained why its a terrible idea.
If he is against it (rather fiercely in fact) there is a reason. I can't explain it like him, however.
Posted using Outdoor Hub Campfire |
I agree that Mr. Ramsey is a very smart man.
He offers no more reason than the other article though, only "it's at an all-time high", (not even close) and "a bubble".
It's opinion and attitude only, no hard data.
Do as you will, I sincerely wish you the very best luck in your investments.
__________________
June 28, 2012: the day the American republic died.
Uncontrolled, unaccountable government spending + Graduated income-tax = SLAVERY
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