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sml7285
Joined: 26 Apr 2012
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 Posted: Sun Jun 03, 2012 9:26 pm Post subject: |
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People who recommend gold/silver are typically those who have drunk the Kool-Aid on the Ron Paul bandwagon. The prices of both commodities are already sky-high due to his supporters and other anti-Keynesians who have driven the price of those above what they should be.
There is no reason to ever buy the two commodities. If you are truly fearful of a downturn in the market, turn to US Treasury Bonds. There is a reason why that is the go to option for the purchase of debt. |
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comm
Joined: 22 Jun 2010
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| Posted: Sun Jun 03, 2012 9:55 pm Post subject: |
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| sml7285 wrote: |
| There is no reason to ever buy the two commodities. If you are truly fearful of a downturn in the market, turn to US Treasury Bonds. There is a reason why that is the go to option for the purchase of debt. |
I'm not recommending gold or silver, but I can promise you that t-bonds are not the way to profit on a down economy... |
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sml7285
Joined: 26 Apr 2012
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| Posted: Sun Jun 03, 2012 10:26 pm Post subject: |
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| comm wrote: |
| sml7285 wrote: |
| There is no reason to ever buy the two commodities. If you are truly fearful of a downturn in the market, turn to US Treasury Bonds. There is a reason why that is the go to option for the purchase of debt. |
I'm not recommending gold or silver, but I can promise you that t-bonds are not the way to profit on a down economy... |
T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels.
All three are only investments I'd consider in doomsday economic scenarios. I'd always pick treasury bonds over precious metals though. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Wed Jun 06, 2012 7:56 pm Post subject: |
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| sml7285 wrote: |
The prices of both commodities are already sky-high
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If you want to make money ussually it is a bad idea to buy at high prices. |
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sml7285
Joined: 26 Apr 2012
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| Posted: Wed Jun 06, 2012 8:30 pm Post subject: |
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| No_hite_pls wrote: |
| sml7285 wrote: |
The prices of both commodities are already sky-high
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If you want to make money ussually it is a bad idea to buy at high prices. |
Please look up Jonestown Massacre. When I say "People who recommend gold/silver are typically those who have drunk the Kool-Aid on the Ron Paul bandwagon," I clearly am not advocating buying either. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Wed Jun 06, 2012 9:16 pm Post subject: |
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| sml7285 wrote: |
| No_hite_pls wrote: |
| sml7285 wrote: |
The prices of both commodities are already sky-high
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If you want to make money ussually it is a bad idea to buy at high prices. |
Please look up Jonestown Massacre. When I say "People who recommend gold/silver are typically those who have drunk the Kool-Aid on the Ron Paul bandwagon," I clearly am not advocating buying either. |
I don't need to look up Jonestown Massacre. I have watched the documentary on it more than once. I was agreeing with you buddy. |
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sml7285
Joined: 26 Apr 2012
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| Posted: Thu Jun 07, 2012 4:09 am Post subject: |
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| No_hite_pls wrote: |
| sml7285 wrote: |
| No_hite_pls wrote: |
| sml7285 wrote: |
The prices of both commodities are already sky-high
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If you want to make money ussually it is a bad idea to buy at high prices. |
Please look up Jonestown Massacre. When I say "People who recommend gold/silver are typically those who have drunk the Kool-Aid on the Ron Paul bandwagon," I clearly am not advocating buying either. |
I don't need to look up Jonestown Massacre. I have watched the documentary on it more than once. I was agreeing with you buddy. |
Oh. My bad man. |
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comm
Joined: 22 Jun 2010
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| Posted: Thu Jun 07, 2012 5:45 am Post subject: |
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| sml7285 wrote: |
| T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels. |
My point is, you -can- profit with precious metals or other avenues in a down market. T-bonds will never actually get you a profit in that situation. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Thu Jun 07, 2012 6:52 am Post subject: |
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| With only two million won, you might just as well withdraw it, close your Korean account and invest it the same way you've been investing your other savings. Haven't invested yet? How about term deposits. You won't be tempted to overspend like you would if you just left it in your savings account, and if you pick the right one you'll be able cash out in the event of an emergency. Once you've saved up enough to pay for your living expenses for 6 months, you can start thinking about alternative investments for your additional savings. |
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sml7285
Joined: 26 Apr 2012
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| Posted: Thu Jun 07, 2012 9:41 am Post subject: |
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| comm wrote: |
| sml7285 wrote: |
| T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels. |
My point is, you -can- profit with precious metals or other avenues in a down market. T-bonds will never actually get you a profit in that situation. |
Only if you buy at the currently inflated cost and the market remains inflated.
It's the same as any other market. The housing market could be on the verge of collapse and you could still make money turning houses over as long as you sold before the bubble popped.
It's just not smart investing. |
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northway
Joined: 05 Jul 2010
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| Posted: Thu Jun 07, 2012 10:11 am Post subject: |
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| sml7285 wrote: |
| comm wrote: |
| sml7285 wrote: |
| T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels. |
My point is, you -can- profit with precious metals or other avenues in a down market. T-bonds will never actually get you a profit in that situation. |
Only if you buy at the currently inflated cost and the market remains inflated.
It's the same as any other market. The housing market could be on the verge of collapse and you could still make money turning houses over as long as you sold before the bubble popped.
It's just not smart investing. |
I wish you were around for the thread about where to buy gold coins in Seoul and asking how much gold one is allowed to travel with. Kool aid, meet beer bong. |
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Kuros
Joined: 27 Apr 2004
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| Posted: Thu Jun 07, 2012 2:09 pm Post subject: |
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| sml7285 wrote: |
| comm wrote: |
| sml7285 wrote: |
| T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels. |
My point is, you -can- profit with precious metals or other avenues in a down market. T-bonds will never actually get you a profit in that situation. |
Only if you buy at the currently inflated cost and the market remains inflated.
It's the same as any other market. The housing market could be on the verge of collapse and you could still make money turning houses over as long as you sold before the bubble popped.
It's just not smart investing. |
Flipping houses isn't passive investment. You're putting in sweat labor. Apples and oranges.
The gold/silver investment approach wasn't a bad idea . . . three/four years ago. The better commodity investment right now is foodstuffs. U.S. treasuries offer very low returns right now, as comm says. |
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sml7285
Joined: 26 Apr 2012
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| Posted: Thu Jun 07, 2012 2:17 pm Post subject: |
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| Kuros wrote: |
| sml7285 wrote: |
| comm wrote: |
| sml7285 wrote: |
| T-bonds, like gold and silver, are not meant to profit. They are meant to maintain levels. |
My point is, you -can- profit with precious metals or other avenues in a down market. T-bonds will never actually get you a profit in that situation. |
Only if you buy at the currently inflated cost and the market remains inflated.
It's the same as any other market. The housing market could be on the verge of collapse and you could still make money turning houses over as long as you sold before the bubble popped.
It's just not smart investing. |
Flipping houses isn't passive investment. You're putting in sweat labor. Apples and oranges.
The gold/silver investment approach wasn't a bad idea . . . three/four years ago. The better commodity investment right now is foodstuffs. U.S. treasuries offer very low returns right now, as comm says. |
Right - you do have sweat equity, but the price is still reliant upon demand. If you buy a house for $300k, put about 100k worth of material and work into it, none of that matters if demand plummets and houses in the area fall to an average worth of $200k give or take, because there's just no way you'd be able to immediately sell the house for even the $400k of money you put in. Once you take into account the fact that most of these people who flip houses use their own houses as collateral on loans to repair and buy other houses, you have a huge issue when the bubble pops and you can't even recoup the money you put in.
What I tell people is that if the economy is at a point where tv personalities and such begin to talk about buying gold, it's already too late to buy precious metals as a smart investment. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Thu Jun 07, 2012 4:29 pm Post subject: |
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| Quote: |
Flipping houses isn't passive investment. You're putting in sweat labor. Apples and oranges.
The gold/silver investment approach wasn't a bad idea . . . three/four years ago. The better commodity investment right now is foodstuffs. U.S. treasuries offer very low returns right now, as comm says. |
Good points. Any advice for ETF's that you think would be good for foodstuffs? |
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12ax7
Joined: 07 Nov 2009
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| Posted: Sun Jun 10, 2012 5:05 am Post subject: |
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| Guys, the OP is not going to buy a lot of gold or flip many houses with 2 million won to invest. |
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