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Does anybody think buying gold is a good idea right now?

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NESblowjob
Posts: 1174 - Karma: 41
I feel like the stimulus package is gonna make alot of inflation so maybe gold is the way to go?
Feb 17 2009 9:49PM
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ax_murderer
Posts: 3322 - Karma: 30
yeah. gold has gone up crazy amounts in the past few years, regardless of the current situation
Feb 17 2009 9:53PM
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NataliePortman
Posts: 1382 - Karma: 84
investing gold is a great idea.  u have money in your bank account that will accumulate over a certain amount of time.  but nothing compared to the rate of how much gold will be worth in the next 10 or 20 years
Feb 17 2009 9:57PM
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jimmer
Posts: 3586 - Karma: 80
haha i get the impression that the guy on that commercial is a class A doucher.
Feb 17 2009 10:01PM
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FUUUCK
Posts: 18426 - Karma: 4,888
investing in gold was a good idea 8 years ago
Feb 17 2009 10:01PM
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rhcp
Posts: 2598 - Karma: 18
I'm certainly no expert on this matter, but people also said that about gold in the 80s, and then gold lost a ton of value.
Feb 17 2009 10:03PM
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mikeski
Posts: 332 - Karma: 76

No, it is being traded at an inflated price right now, due to a lack of confidence in the market. If you got in a few moths ago you would be doing pretty well. Not such a good idea now. You missed the boat.

Feb 17 2009 10:04PM
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hellomynameisjef
Posts: 5794 - Karma: 167
the only thing that could make that commercial better is billy mays and vince.
Feb 17 2009 10:04PM
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II_strapped_II
Posts: 527 - Karma: 97
not necessarily gold itself, but rather companies that deal with gold.
Feb 17 2009 11:36PM
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Thenowhereman42
Posts: 5682 - Karma: 65
I think gold is always a good idea.  When I have a substantial amount of money I will probably keep a lot of it in gold.  But like actually have the gold not just trade it on the stock market.  Come the apocalypse it'll still be worth something.
Feb 17 2009 11:43PM
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Rachy
Posts: 4355 - Karma: 2,761
Invest in clean energy..... companies that work with clean batteries is where I'm heading. I see a comeback with the electric car... and some japanese folk made a battery that runs on sugar....

Imagine if you had invested in Oil pre ford..... I'm going for clean batteries... and maybe all the money this stimulus package invests will help me out.
Feb 17 2009 11:49PM
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snowbladesforlife
Posts: 2033 - Karma: -3
Why the fuck would gold be worth something if there is an apocalypse and money is worthless? It would be valueless as well, it has no purpose other than a hedge against the stock market in current times.
Feb 18 2009 1:10AM
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Horizon
Posts: 368 - Karma: 21
You have much to learn.  A bar of gold can just be thrown at windows and you are free to loot, therefore you can still get anything with gold.  Also a gold brick would make a pretty good brain smashing weapon for when the zombies are coming at you.
Feb 18 2009 1:46AM
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Nicholas.
Posts: 10905 - Karma: 60
haha i read an article, apparently you get a minimum of 4x as much money if you take gold to a jeweler instead of cash4gold. what a scam.
Feb 18 2009 1:52AM
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Sean...M
Posts: 2450 - Karma: 14
i invested in gold for a business project...

didnt work out too well
Feb 18 2009 1:57AM
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[JBH]
Posts: 51 - Karma: 10
Lol I wouldnt be asking Newschoolers for sound investment advice.....
Feb 18 2009 2:06AM
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ECfreeski3
Posts: 12019 - Karma: 126
hahah
Feb 18 2009 2:08AM
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PhaedeD
Posts: 11499 - Karma: 342
buy weed its worth more per ounce.
Feb 18 2009 2:47AM
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Thenowhereman42
Posts: 5682 - Karma: 65
Because Gold is a precious metal and has been valuble from the beginning of known currency until present day?  If after an apocalypse gold would hold value, people wouldn't magically forget what it is.  Sure food would be more valuble, but if civilization started up again, even slightly, gold would regain value.
Feb 18 2009 3:12AM
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Horizon
Posts: 368 - Karma: 21
Well my plan would be more to throw the gold bar at the zombie's head and hope I was accurate or invested in a LOT of gold.  But if you could find a pipe and melt it into the gold, or crap make a big gold staff/hammer that would be awesome.  You'd be the most pimp zombie fighter ever with gold arsenal like that.
Feb 18 2009 3:15AM
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koitere
Posts: 28 - Karma: 10
yes cause the value of gold will rise again.
Feb 18 2009 5:35AM
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skiP.E.I.
Posts: 7841 - Karma: 22,153
I think it's funny that the economy is based on gold when it is useless except as a conductor, or art material (for making jewelry, gold leaf, etc.)
Feb 18 2009 9:00AM
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goneforever
Posts: 794 - Karma: 18
Once upon a time the U.S. dollar was back by gold, so in theory, you could go to the U.S. government and exchange $1 for $1 in gold.

Also, nowadays gold is as a financial asset, just like currencies and government bonds, by central banks.
Feb 20 2009 7:10AM
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Silence
Posts: 16030 - Karma: 150
Missed the boat
Feb 20 2009 3:19PM
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