Anybody here buy physical gold or silver?

I get all of mine from buried chests.

 

Like this?

 

Risky seeing that you are buying something that is valued against itself. Money is atleast valued against other currency. Gold was like what $1500-1600 6 months ago? Now what is it, $1300. Lost 2% today alone.

 

Exactly like that! lol

 

Thread is a trap as OP is looking to rob people

Danger danger

 

http://bbs.clutchfans.net/showthread.php?t=243297

 

Sounds like someone who just learned about No-Limit Hold 'Em.

 

Yes, I've heavily invested in Gold, which I've buried in several different locations around Houston.



Or have I?

 

The insides of my mouth is filled with them. You only notice when I smile or eat.

 

Ask yourself why is it that you want to own physical gold. Is it because you think it is going up or that your dollars are devaluing? If that's the case then buying GLD or SLV is fine. Or are you trying to put away some of your wealth in safekeeping for years, or even generations to come? If that is the case, do you think millennias from now when people open up your ancient tomb those couple of shares of GLD will be worth anything? Those are the instances you buy physical.

Dollars are not useless. They are currency and our medium of exchange. You are going to have a troublesome time bringing a gold nugget to McDonalds trying to buy a Big Mac.

Yes, fiat currencies will devalue over time, meaning gold, and other physical assets are guaranteed to eventually go higher and higher. Which is why it is prudent to have some saving in precious metals. But until we are grocery shopping with wheel barrels of cash, I'm still going to keep some dollars to pay my bills and eat and such.

 

No only virtual ones.

 

But to answer your question, I hold roughly a quarter of my net assets in allocated bullion. And contribute about 5% of my paycheck to it every month. It is savings. The reason why I buy physical is because, as savings, I have zero interest in taking on ANY counter party risk whatsoever, regardless of how negligible. And the only things in the world guaranteed without counter party risks is physical holdings, not paper receipts like GLD/SLV.

 

What price did silver hit back in 2011 (2 years ago)?

 

There are assets more profitable than cash holdings and less volatile than gold or silver. For good reason our central bank makes an earnest effort to minimize excessive inflation or deflation.

 

Is there any truth to the idea that gold is a good hedge against a spider?

 

I only buy unphysical ones.

 

I invest in physical chocolate and silk stockings. I have piles of it in my underground sealed bachelor pad. If we learned anything from Hogan's Heroes, when the apocalypse comes gold won't mean jack **** vs my stash of chocolates and silk undies

So yeah, I'm invested heavily in the future