Invest in gold ?

So
I have been thinking
If trump gets up gold will surely go through the roof for a short time as it did after the Brexit happened
Destabilisation and all that, economic fear, crazy president and generally the unknown will make people invest in bullion
If the other one gets in then gold would remain stable, no real big change to its value I wouldn't think

So what am I missing, invest in gold and make a motsa if trump gets up or lose nothing if the bint wins

What are my risks, anyone?

a reply to: Raggedyman

Risk is as much as you put into it. Invest about ten percent in precious metals, in small easily recognizable increments.

For instance, mommas jewelry or silverware isn't as widely recognizable as pre sixty four us silver coins.

Buy them in small lots, listed as "junk silver", make sure you can read the date and that the edge is still grooved or "reeded".

Everyone identifies wth what a 1964 silver quarter looks and feels like. It will become currency again if the fiat currency crashes.

You might be able to buy a head of lettuce for a million dollars cash at a farmers market or pay with one silver quarter.

a reply to: Raggedyman

Exactly as intrptr said - investing in precious metals is smart, if you can invest 10% of your income into silver or gold that's great. Silver is easier to deal with since it's something like $19 an ounce (versus $1200 an ounce). For bartering purposes silver might be a better choice

a reply to: Raggedyman

The relative probability of either wining will already to some degree be factored into the price. So all else being equal a Clinton win may decrease the price slightly as there is a chance Trump might win.

originally posted by: intrptr
You might be able to buy a head of lettuce for a million dollars cash at a farmers market or pay with one silver quarter.

One of the reason that is unlikely is because cash money isn't very plentiful

There is less than 2 trillion us dollars printed on earth. something like 1.4t
Of that, 40% is overseas
of whats left, a huge chunk (around another 40%) is dead money (aka, stored)

If you do maths, what is left over is under 1k per person in bills.
Even if they printed 10 times the rate they print today, it wouldn't come close to allowing for such huge deflation you are suggesting. Most of the money printed anyhow is just replacement money from money destroyed.

Cash is fine to collect, It might be wise to have some diversity though, cash, silver, gold, and perhaps some diamonds...but to say we will be swimming in cash shows a lack of understanding on what is going on with currency.

a reply to: Raggedyman

How are you going to invest. Physical gold or futures.

Physical gold is pretty and fun to play with...fluctuates!

Playing the futures mkt. is more like playing poker. Not for the timid.

www.investopedia.com...

I think with Trump or Clinton in the WH, and the coming wars, Gold will be a good investment as will metals in general. Actually all commodities will be skyrocketing soon. Back to $4.00 or $5.00 gal. gas prices around Christmas. u just wait.

Gold spot just went up $18.71, don't wait to long!

a reply to: Raggedyman

I certainly wouldn't say it went through the roof, but it did go up, as it often does in times of uncertainty.

However, from your uncertainty, I'm going to assume you don't have much experience in this.

What you are talking about is not investing, but trading. You want to buy low, hope for a spike, and then sell high, that is trading. Investing is buying something for the long term.

That being the case, you probably don't have a quality trading platform that would allow you to set up stop losses and such to safeguard your trades if things suddenly went awry.

All that being the case, your risk is much larger than the average trader.

In trading, you really need to have an idea of what the reward will be. You've probably heard the phrase, "risk vs reward". Well, in your case, your reward is very undefined. If gold did start to go up, when would you sell?

The problem is that you'll have much more emotion over this one trade than the average trader who may do dozens a day.

You see, traders make trades all the time. They aren't as greedy as you will inevitably be, due to your emotional investment. I'm not calling you a greedy person, but you are in it for more money, aren't you? They will start selling before you do, and, when you realize it's time to sell, the price will already be going down. You'll say, "SELL, SELL, SELL!", but who wants to buy a stock in decline? Considering your limited trading capabilities, you won't get out until everyone else already has and it'll be too late. And when you finally do sell, the buyers will be traders who know what they are doing, who sold before the stock started dropping and are now buying it back to make money on the rebound.

The moral of the story - if you are going to get into stock trading, dabbling is going to lose you money. Take it seriously or don't do it.

My advice - Don't trade unless you are ready to invest your time. Stick to investing and actually do some research into what makes a quality investment, and what those are.

a reply to: SaturnFX

Cash is fine to collect, It might be wise to have some diversity though, cash, silver, gold, and perhaps some diamonds...but to say we will be swimming in cash shows a lack of understanding on what is going on with currency.

You haven't studied other currency collapses then. At the end, hyper inflation always occurs before the collapse.

Having real coin money (not fiat paper) is key to surviving that eventuality. But in case you don't get paid twice a day in the future to lug a wheelbarrow of dollars to the store to buy a loaf of bread, then just imagine going to the ATM one day and its closed and theres a line... around the corner.

Then what?

Happened in Greece, remember?

Austerity Measures

originally posted by: intrptr
a reply to: SaturnFX

Cash is fine to collect, It might be wise to have some diversity though, cash, silver, gold, and perhaps some diamonds...but to say we will be swimming in cash shows a lack of understanding on what is going on with currency.

You haven't studied other currency collapses then. At the end, hyper inflation always occurs before the collapse.

Having real coin money (not fiat paper) is key to surviving that eventuality. But in case you don't get paid twice a day in the future to lug a wheelbarrow of dollars to the store to buy a loaf of bread, then just imagine going to the ATM one day and its closed and theres a line... around the corner.

Then what?

Happened in Greece, remember?

Austerity Measures

What happened in Greece was noting to do with a currency collapse or too much money being printed.

Actually pretty much the opposite.

a reply to: Raggedyman

Well, be aware if you start buying now, you are buying high. Its sitting mid 1300s and higher. It was 900s last winter if I remember correctly.

Silver is also trading high at 20 bucks, its been as low as 13 this summer

originally posted by: ScepticScot

originally posted by: intrptr
a reply to: SaturnFX

Cash is fine to collect, It might be wise to have some diversity though, cash, silver, gold, and perhaps some diamonds...but to say we will be swimming in cash shows a lack of understanding on what is going on with currency.

You haven't studied other currency collapses then. At the end, hyper inflation always occurs before the collapse.

Having real coin money (not fiat paper) is key to surviving that eventuality. But in case you don't get paid twice a day in the future to lug a wheelbarrow of dollars to the store to buy a loaf of bread, then just imagine going to the ATM one day and its closed and theres a line... around the corner.

Then what?

Happened in Greece, remember?

Austerity Measures

What happened in Greece was noting to do with a currency collapse or too much money being printed.

The banks are so leveraged with debt they have to press the people with austerity measures. Thats stealing pensions, reducing public works, public welfare, inflation, printing more money to cover for it. They call that quantitive easing.

When they began to run on the banks for their 'savings' the banks shut down and only opened the ATMS to dole out a little money at a time. That was preventive measure to keep the economy from collapsing totally.

originally posted by: BlueJacket
a reply to: Raggedyman

Well, be aware if you start buying now, you are buying high. Its sitting mid 1300s and higher. It was 900s last winter if I remember correctly.

Silver is also trading high at 20 bucks, its been as low as 13 this summer

?

Yes, buying gold is a bad idea right now. It's going to drop in value again soon before it goes up again.

Also for other countries such as the U.K., you have to pay vat on silver, so thAt is generally a bad idea.

Anyone else make a load of money trading roubles this past year or so? I did.

originally posted by: BlueJacket
a reply to: Raggedyman

Well, be aware if you start buying now, you are buying high. Its sitting mid 1300s and higher. It was 900s last winter if I remember correctly.

Silver is also trading high at 20 bucks, its been as low as 13 this summer

I predict everything will spike before November. It's the usual reaction to social unrest and riots.

Trade crude now, it's gonna be a long cold, wet winter!!! The East coast will essentially be shut down. Black/brown outs, Air and road traffic at a near standstill for extended periods.

Ignore it if you want....the weather is changing and the markets react accordingly.

originally posted by: intrptr

originally posted by: ScepticScot

originally posted by: intrptr
a reply to: SaturnFX

Cash is fine to collect, It might be wise to have some diversity though, cash, silver, gold, and perhaps some diamonds...but to say we will be swimming in cash shows a lack of understanding on what is going on with currency.

You haven't studied other currency collapses then. At the end, hyper inflation always occurs before the collapse.

Having real coin money (not fiat paper) is key to surviving that eventuality. But in case you don't get paid twice a day in the future to lug a wheelbarrow of dollars to the store to buy a loaf of bread, then just imagine going to the ATM one day and its closed and theres a line... around the corner.

Then what?

Happened in Greece, remember?

Austerity Measures

What happened in Greece was noting to do with a currency collapse or too much money being printed.

The banks are so leveraged with debt they have to press the people with austerity measures. Thats stealing pensions, reducing public works, public welfare, inflation, printing more money to cover for it. They call that quantitive easing.

When they began to run on the banks for their 'savings' the banks shut down and only opened the ATMS to dole out a little money at a time. That was preventive measure to keep the economy from collapsing totally.

At the risk of going majorly off topic Quantitative easing was not used to cover the effects of austerity , but to provide bank reserves.

Austerity was forced on the Greek economy as they do not use their own currency and the frankly idiotic policies of the EU that did not link fiscal and monetary policy.

That point is that the queues at Greek banks where not caused by hyperinflation as there was no hyperinflation and no mass printing of money.

a reply to: ScepticScot

That point is that the queues at Greek banks where not caused by hyperinflation as there was no hyperinflation and no mass printing of money.

My point was banks closed to prevent it.

At the risk of going majorly off topic Quantitative easing was not used to cover the effects of austerity , but to provide bank reserves.

Printing money.

a reply to: olaru12

Couldnt agree more, metals will be down a third early next year barring unforeseen events.

Buy a week out from the election, sell a day or two after the election
I dont think the instability will last long, it didnt with the Brexit

originally posted by: BlueJacket
a reply to: olaru12

Couldnt agree more, metals will be down a third early next year barring unforeseen events.

What makes you say that

a reply to: Raggedyman

Invest in gold ?

if you have a time machine and can go back about 12-15 years then yes.

Buy up as much gold as you can and watch its value increase.


Now,


meh. too late.



edit:it seems I am too late to the party, 2 year old thread.