I recently got $1,500. I want to make an investment but I don't want to buy stocks or pay a broker for this little money. I'm thinking about buying a 1oz gold ingot to hold onto for a few years. Is this a not stupid idea or am I just dumb & poor?
I recently got $1,500...
Grayson Cox
Elijah Watson
Gold isn't an investment, it's a store of value. The price is not going to appreciate very much, and it might even drop by a couple hundred dollars.
Dominic Cook
Store of value, dollars are gay. If you like gold then buy it (I own 1 oz of gold in a similar boat as you) I would buy a gold coin (gold eagle, maple leaf etc)
bitcoin if you want a lot of entertainment and maybe a lot of money
Ethan Morgan
Palladium is a better investment but gold, palladium and silver are in a bubble. If you don't mind buying at all time high and having the opportunity loss of $1500 that could 10x itself in crypto over the next few months then yes, gold is a great investment.
Jayden Jackson
idiot
Hunter Howard
Good goy, use your crypto to buy gold and pay another 28% on your metals when you go to cash out.
Stupid hook noses...
Isaac Gray
Gold doesn't even have a whitepaper.
Josiah Hill
How's your boomer bitcoin doing ? Make sure to stack it as high as you can to maximize dust collection, opportunity loss and bumping Shekelberg's bags.
Cameron Garcia
>cashing out your money for fiat
Another idiot
Luke Cox
What do you do without it? Have to cash out some time..
Sebastian Morales
Not an argument, idiotic shill
Levi Carter
The only good reason to buy physical is to bet on the collapse of fractional reserve paper gold market and all physical PMs pumping 1000x
Sebastian Walker
Wait for the inevitable fiat ponzi collapse and buy 1 block of properties for a few ounces
Nicholas Cox
Its not a "bad" idea. The thing is, the dollar and stocks are pretty much at the whim of whatever the fed randomly decides. When the fed raised rates slightly, stocks crashed 33%. When they canceled the raise they pumped right back. Unless you're a billionaire insider you are playing the low interest rate casino economy game by buying stocks or holding cash.
If you buy the gold, in 10 years it will still be 1 oz of gold. They may have mined a little gold in the mean time though. But compared to a currency of which they are currently printing a trillion of a year, its not hard to do the math.
Jaxon Bennett
im not sure theres anyone reputable who says silver is in a bubble. im not saying you should always trust bankers, but jp morgan spent multiple billions acquiring an unfathomable amount of silver over the years.
Ryder Diaz
Brandon Miller
But link
Evan Wilson
Better chance than every crypto except for one.
Christopher Jackson
It could stay there 50 years easily.
Juan Collins
you'll get the rate of inflation, congrats!
Lincoln Mitchell
its also being extracted from the earth more easily than ever
Nathan Carter
If you have the property you should buy 1,500 dollars worth of fruit trees instead. If you're prepping for bad economy.
Caleb Wilson
Yeah go ahead mate buy an asset that has literally gone sideways for the past fifty years. Stocks are obviously a scam