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Posted: 12/7/2022 4:06:55 PM EDT
[#1]
Gotta be a troll post. So you don’t physically own any gold? Shoulda have stayed in the markets.
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Posted: 12/7/2022 4:07:14 PM EDT
[#2]
If you like your gold, you can keep your gold.
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Posted: 12/7/2022 4:18:44 PM EDT
[#3]
Looool OP $17k…should have left it in…
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Posted: 12/7/2022 4:20:58 PM EDT
[#4]
I don’t think the OP is returning after this grilling. Lol.
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Posted: 12/7/2022 4:21:03 PM EDT
[#5]
If you can't stand in front of it with your AR, you don't own it. Paper ETF (and silver) are oversold and you won't get a single ounce when the wheels fall off.
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Posted: 12/7/2022 4:25:31 PM EDT
[#6]
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Posted: 12/7/2022 4:26:50 PM EDT
[#7]
Quote HistoryQuoted: If you can't stand in front of it with your AR, you don't own it. Paper ETF (and silver) are oversold and you won't get a single ounce when the wheels fall off. Yep should have bought MONEY |
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Posted: 12/7/2022 4:27:16 PM EDT
[#8]
Quote HistoryQuoted: This feels like a poors thread..  Ash - Evil Dead 3 - Army of Darkness Hello Mr. Fancy Pants |
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Posted: 12/7/2022 4:29:42 PM EDT
[#9]
Even the gold bugs say you should just have 10% in gold, so you should have bought one gold coin...don't spend it all in one place!
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Posted: 12/7/2022 5:56:19 PM EDT
[#10]
Quote HistoryQuoted: BASED. You know the difference between CURRENCY and MONEY. nothing backs the dollar, your gold will make you rich when the dollar collapses. Like how the gov seized private gold ownership during the 30s depression? Ive got bad news for any of you holding onto gold in case "the dollar collapses". Just like how your cash is FDIC ensured... until it isnt. |
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Posted: 12/7/2022 6:14:32 PM EDT
[#11]
Shit has already hit the fan with the US dollar. Got Gold?
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Posted: 12/7/2022 7:53:56 PM EDT
[#12]
Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? No, it was a very bad decision and like others have said unless you have the gold in hand you own nothing. I would get my money back RFK if you still can |
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Posted: 12/7/2022 8:12:28 PM EDT
[#13]
Quote HistoryQuoted: Good luck. |
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Posted: 12/7/2022 8:21:44 PM EDT
[#14]
Quote HistoryQuoted: Cashed out as in took a penalty to remove money from your 401k? To buy paper gold? I hope this is a joke post. No kidding. OP needs to put this funds into an IRA instead and not take the penalty. He can still invest in gold ETFs if he likes. |
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Posted: 12/7/2022 8:23:32 PM EDT
[#15]
Quote HistoryQuoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579  Attached File |
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Posted: 12/7/2022 8:25:43 PM EDT
[#16]
Quote HistoryQuoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579 Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it... |
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Posted: 12/7/2022 8:27:26 PM EDT
[#17]
Quote HistoryQuoted: Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it... Quote HistoryQuoted: Quoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579 Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it... 
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Posted: 12/7/2022 8:28:57 PM EDT
[#18]
Quote HistoryQuoted: Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it...  |
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Posted: 12/7/2022 8:30:00 PM EDT
[#19]
I would like to add that the GLD ETF didn't start until 2004...
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Posted: 12/7/2022 8:30:19 PM EDT
[#20]
Good troll thread but you should’ve done 17,400 which would be 8700x2
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Posted: 12/7/2022 8:32:36 PM EDT
[#21]
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Posted: 12/7/2022 8:33:13 PM EDT
[#22]
Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? I hope you are 18 |
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Posted: 12/7/2022 8:33:41 PM EDT
[#23]
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Posted: 12/8/2022 1:05:17 AM EDT
[#24]
Gold and silver are awesome.
They’re not a retirement plan however. |
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Posted: 12/8/2022 1:08:02 AM EDT
[#25]
troll post
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Posted: 12/8/2022 1:13:52 AM EDT
[#26]
Rehypothecation
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Posted: 12/8/2022 1:28:11 AM EDT
[#27]
I bought UHaul at 58
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Posted: 12/8/2022 1:30:40 AM EDT
[#28]
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Posted: 12/8/2022 1:36:22 AM EDT
[#29]
Gold isn't an investment, it's an insurance plan guarding against really bad outcomes. Silver as well.
putting all your money into gold is a pretty risky move. I agree that it looks like the economy is about to become chaos and world politics look to drive gold up in price leaps and bounds, but I'd have said that 12 years ago as well, and it's not made anything since then. 5% or 10% is a good rule of thumb, 15% if you are very risk tolerant and believe the world economy is about to undergo massive upheaval. |
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Posted: 12/8/2022 2:17:08 AM EDT
[#30]
Quote HistoryQuoted: The good news is you don’t have much to lose. The bad news is that 17K in an index fund will more than double in 7-years Please show me an index fund that is guaranteed to more than double my money in 7 years. I want in . |
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Posted: 12/8/2022 7:52:53 AM EDT
[#31]
A lot of forum members here believe ammo is a better play than gold or silver.
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Posted: 12/8/2022 3:23:55 PM EDT
[#32]
Quote HistoryQuoted: Please show me an index fund that is guaranteed to more than double my money in 7 years. I want in . $10K into a Fidelity 500 Index ten years ago would be worth $34,930 today. |
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Posted: 12/8/2022 6:11:30 PM EDT
[#33]
Quote HistoryQuoted: $10K into a Fidelity 500 Index ten years ago would be worth $34,930 today. Quote HistoryQuoted: Quoted: Please show me an index fund that is guaranteed to more than double my money in 7 years. I want in . $10K into a Fidelity 500 Index ten years ago would be worth $34,930 today. It'll be worth 10000 again in two years. |
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Posted: 12/8/2022 6:18:56 PM EDT
[#34]
Gold bugs are stupid
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Posted: 12/8/2022 6:20:38 PM EDT
[#35]
I am requesting that everyone just stop it. Just, stop.
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Posted: 12/8/2022 6:25:23 PM EDT
[#36]
I have a bunch of JNUG shares. Gold is going to pump in the next year and change. Sell point is $80-$160 a share.
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Posted: 12/8/2022 6:38:20 PM EDT
[#37]
So when do you get a box of gold coins or bars or whatever?
If it don't come to your house, you don't own it. |
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Posted: 12/8/2022 7:04:54 PM EDT
[#38]
Quote HistoryQuoted: It'll be worth 10000 again in two years. Quote HistoryQuoted: Quoted: Quoted: Please show me an index fund that is guaranteed to more than double my money in 7 years. I want in . $10K into a Fidelity 500 Index ten years ago would be worth $34,930 today. It'll be worth 10000 again in two years.  Attached File |
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Posted: 12/8/2022 7:39:56 PM EDT
[#39]
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Posted: 12/8/2022 7:45:07 PM EDT
[#40]
Quote HistoryQuoted: I do more than that per month. Poors disgust me. This guy gets it |
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Posted: 12/8/2022 7:46:43 PM EDT
[#41]
Jesus fucking christ.
#1. Your 401k was way way too small. #2. You aren't actually holding on the gold? You are paying to say that you have some reserved somewhere else? WTF is wrong with you OP? |
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Posted: 12/8/2022 7:48:13 PM EDT
[#42]
 Jesus op that was stupid |
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Posted: 12/8/2022 8:06:29 PM EDT
[#43]
Quote HistoryQuoted: The good news is you don’t have much to lose. The bad news is that 17K in an index fund will more than double in 7-years This. Gold barely keeps up with inflation. 100 years ago, an ounce of gold bought a nice suit. Today, an ounce of gold buys a nice suit. It's better than storing your cash in a mattress. But barely. |
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Posted: 12/8/2022 8:08:32 PM EDT
[#44]
Look at that, the troll hasn't been back to his troll thread for trolling GD.
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Posted: 12/8/2022 8:22:16 PM EDT
[#45]
401k is a better investment, gold is more stable for say retirement. But you should always diversify.
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Posted: 12/8/2022 8:33:05 PM EDT
[#46]
Quote HistoryQuoted: Gold has underperformed stocks and bonds for the last 100 years... Why would you do this? Quote HistoryQuoted: Quoted: Cashed out my 401k. 17k. Bought gold etf's with it. I'm hoping this was a good decision. Took me a long time to get that much money. Maybe I should have gone 50/50 gold/silver? Gold has underperformed stocks and bonds for the last 100 years... Why would you do this? Does it occur to you that gold is manipulated so that it underperforms as you mentioned? For example if gold replaced dollars as the currency of choice for oil. |
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Posted: 12/8/2022 8:37:19 PM EDT
[#47]
Quote HistoryQuoted: $10K into a Fidelity 500 Index ten years ago would be worth $34,930 today. gonna let you in on a secret little saying all the brokers have "past performance is no guarantee of future results" even they know / admit to it |
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Posted: 12/8/2022 8:44:57 PM EDT
[#48]
Quote HistoryQuoted: This. Gold barely keeps up with inflation. 100 years ago, an ounce of gold bought a nice suit. Today, an ounce of gold buys a nice suit. It's better than storing your cash in a mattress. But barely. The problem is the worthless fiat that replaced to gold. Same amount of fiat tied to gold 100 years ago would buy you that suit. Today that fiat would barely buy you a pair of socks. The 7 ounces I bought 6 weeks ago increased 10% in that time. It could go down 20%. Your dollar lost more than the 8% they fed you. Paper PM's are like fractional banking. People still think the 10K they deposited 2 weeks ago is still sitting there in the vault waiting for them. I hate to think of the hundreds of times your paper PM's have been sold for every ounce. If you think you will be able to cash in your paper from the bank when the run starts, you need to watch "It's a wonderful life". If it's true the OP cashed his 401K to buy paper gold, he truly is a fool. The only way I'd do it is to buy paper PM's within my 401K. |
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Posted: 12/8/2022 9:03:06 PM EDT
[#49]
Quote HistoryQuoted: Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it... Quote HistoryQuoted: Quoted: If in 1990 you invested $17k in Gold, today it would be worth about $78,000 If in 1990 you invested $17k in a DJIA fund, today in would be worth about $212,579 Maybe true, but how much of that DJIA fund would have been eaten away by Inflation? What about if he had to cash out during the 2008 crash for one thing or another? Stats look good on paper until you add real world effects to it...  |
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Posted: 12/8/2022 9:07:00 PM EDT
[#50]
Quote HistoryQuoted: The good news is you don’t have much to lose. The bad news is that 17K in an index fund will more than double in 7-years Very true. |
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