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Originally posted by thelibra
So why do people buy gold if it's held at a loss?
Insurance. Economies eventually either recover, or are replaced. Gold is a universally accepted medium that translates into any currency, old or new.
Originally posted by St Udio
Originally posted by Dont Hate Rats
I have a beach house in Mexico that is being rented out to weekend tourist (my grandpa was a smart guy)
it's my understanding that the republic of Mexico
will not allow non-citizens to own land/real-estate anywhere
within 20-50 miles (i just don't know) of beaches, etc.
one can buy into condos (on a life-time lease arrangement) etcetera,
but an 'Anglo' cannot own certain Mexican land/property(s)
so, please explain the 'arrangement' which made your G.P. so unique
[edit on 4-1-2008 by St Udio]
You should put most of your 500k into a survival location and survival gear. When the SHTF firearms, ammo, food, and survival gear will be worth more than any currency or gold.
Doin’ The Right Thing
....But what has me really excited is what we can all learn from this experience. At the top of the list, is the confirmation of just how important it is to have the serial numbers and weights of all 1000 oz bars that are stored for you. There is a world of make-believe silver out there, pretending to be real silver. Make sure your silver is real, get the serial numbers. Keep it simple – no serial numbers, no real silver. Link
If you really want a low risk investment with good returns I would recommend timberland.
Originally posted by manta
As has been said already, it may not be wise to have all that money in gold. Nobody knows what is round the corner, and with gold being so high at the moment it could start to fall any day now.