Buy a tiny bit of gold FIRST

[Lisa558]

Correct. In my bank of course, but some amount with me always. Don't forget I am 86.

I didn’t realize you were that old. At your age, it might be OK.

But for those of us in early retirement, still in our 60s and needing our money (and purchasing power) to last possibly another 30 years, keeping it in cash will cause us to lose out to inflation. Stocks average about 10% - 11% a year, over time, and that’s the way to go - with some guarantees mixed in, such as an annuity and cash.

 

[Robert W]

I didn’t realize you were that old. At your age, it might be OK.

But for those of us in early retirement, still in our 60s and needing our money (and purchasing power) to last possibly another 30 years, keeping it in cash will cause us to lose out to inflation. Stocks average about 10% - 11% a year, over time, and that’s the way to go - with some guarantees mixed in, such as an annuity and cash.

I don't foresee me running out of cash. I don't wish to come across as a financial counselor. I am very educated on Real Estate issues, from selling, to buying, to investments and so on. My kids are so important I have helped them. Frankly real estate is the best provided it is in a good location. The first home I bought cost me $15,500. Today that home will cost a buyer about 1.1 million dollars. And it can produce income monthly. My son invests in stocks and has successfully grown his assets. But he too invests in Real estate. One is well located. But he has one that my opinion is it is not going to go up very much quickly due to a location not optimal.

 

[Lisa558]

I don't foresee me running out of cash. I don't wish to come across as a financial counselor. I am very educated on Real Estate issues, from selling, to buying, to investments and so on. My kids are so important I have helped them. Frankly real estate is the best provided it is in a good location. The first home I bought cost me $15,500. Today that home will cost a buyer about 1.1 million dollars. And it can produce income monthly. My son invests in stocks and has successfully grown his assets. But he too invests in Real estate. One is well located. But he has one that my opinion is it is not going to go up very much quickly due to a location not optimal.

Oh, yes….i forgot to mention that in addition to my stocks, bonds, a little gold, a small annuity, and cash, I also will own my home free and clear in four more years (in a great location and thus has quadrupled in price), and a 1/2 interest in another property that has no mortgage.

 

[Robert W]

Oh, yes….i forgot to mention that in addition to my stocks, bonds, a little gold, a small annuity, and cash, I also will own my home free and clear in four more years (in a great location and thus has quadrupled in price), and a 1/2 interest in another property that has no mortgage.

I would say you are totally in control of your finances. I recall when the Feds set the gold price and it was constantly the same price then.

 

[luiza]

So then how do you invest for your retirement years? I have a nice mix - mostly stocks via ETFs and mutual funds, some bonds, a small immediate annuity I purchased, a little gold, and of course some ready cash.

There speaks a lunatic ( RW) and guaranteed loser .
Stocks are in the midst of a gigantic bubble only propped up by around six companies which are being deliberately manipulated .
It's just "normal" pre election deceit and corruption .

When the Reset Pop comes it will be devastating .
Gold will then reach astronomic heights. Other Commodities also .

Regardless, the fresh Commodities cycle has already begun .
You simply cannot lose with Precious Metals .

Inflation just eats away at Cash . Every single day its value drops just a little bit more .
Come the Reset , by how much ?
Some say 90% .
30--50% is the general play safe figure .

 

[luiza]

Asking 2745 now RW .

Deposit your $100 at your bank and demand $110 back , a week later .
Something badly at fault with your" system ".
rofl


Follow the BRICS moves at Kazan over the next few days .
They will tell you how closely your $100 will resemble a Dog's Dinner very soon .

 

[Robert W]

Gold will then reach astronomic heights. Other Commodities also .

Can you take bullion to shop at stores in the USA? Where can you use it?

 

[justoffal]

The zimbabwe dollar is called the "zim".

In 12 years the zim went from 97 cents US...to one 50,000th of a penny US.

The zimbabwians who had a million zims in the bank STILL had a million zims in the bank...but those million zims would no longer buy a loaf of bread...not even a slice of bread...as a slice of bread now cost 35 million zims.

But the zimbabwians who had their wealth in gold LOST NOTHING!

Yes

 

[justoffal]

Asking 2745 now RW .

Deposit your $100 at your bank and demand $110 back , a week later .
Something badly at fault with your" system ".
rofl


Follow the BRICS moves at Kazan over the next few days .
They will tell you how closely your $100 will resemble a Dog's Dinner very soon .

Alpo-bucks?

 

[luiza]

Can you take bullion to shop at stores in the USA? Where can you use it?

Mericans are Bullys so I guess they all accept Bullyon .
But living in England I don't know exactly how Banana Republics handle matters .

 

[Robert W]

Mericans are Bullys so I guess they all accept Bullyon .
But living in England I don't know exactly how Banana Republics handle matters .

Do you want a gold standard again?

 

[justoffal]

Do you want a gold standard again?

It would make grocery shopping a pain in the ass

 

[luiza]

It would make grocery shopping a pain in the ass

Ha Ha ,
It does not work like that .
If you abide to an agreed standard , it does not mean that you are obliged to trade literally using that Standard , say Gold .
You can use whatever substitute is most convenient .
The standard just guarantees that claimed backing assets actually exist . As distinct from being imaginary, where a private club ( the Federal Reserve) just creates currency out of thin air, promising nothing --- because loans that should be repayable clearly can never be repaid .
The point of the change will be that you have created an absolute standard and have stopped using an arbitary and fluctuating measure -- currently the $US,
The impications will be gi-enormous . Likely formal US bankruptcy, literally .
And in simple terms that is where we are now . Or, very soon will be , where one group -- BRICS-- will replace a biased and unfair system with something uniform and equitable .
imho

 

[luiza]

To RW
Around 2350 almost six months ago and now nudging 2790 and wanting to move through 2800 fast .

And your bank has given you :-
$100 at 5% ( ?) over half a year .
Say $2.5 (2.5%) maybe , with a possible standard handling charge deduction .

Whoopee .

In the same period Gold has risen fractionally under 19%

 

[Robert W]

To RW
Around 2350 almost six months ago and now nudging 2790 and wanting to move through 2800 fast .

And your bank has given you :-
$100 at 5% ( ?) over half a year .
Say $2.5 (2.5%) maybe , with a possible standard handling charge deduction .

Whoopee .

In the same period Gold has risen fractionally under 19%

You can't collect $2790. Look for those wanting gold, good luck.

 

[luiza]

You can't collect $2790. Look for those wanting gold, good luck.

You are displaying chronic Cognitive Rigidity .
I can sell any time I choose .

Obviously I would never sell at this price .That would be moronic stupidity .
But the facility is there for anybody , anywhere and at any time .

Are you related to Rip Van Winkle and have been asleep for a few decades ?

Forget the price approaching 2780 .
It is now closing in on 2790 .

 

[Robert W]

Forget the price approaching 2780 .
It is now closing in on 2790 .

Congratulations and realize this is not Biden's fault. What will you to with your tons of gold?
No merchant wants it or they would now have stopped selling merchandise to buy gold?
When you sell any of it, what will you accept? More gold?

 

[luiza]

No merchant wants it

No .
Because of previous , I aim to buy my own island and an Ocean travelling boat with a Captain .

You actually have no idea how markets act and react . Do you ?
Be honest .

Merchants will always buy ,if they believe there is further profit . At the moment every hustler company will buy anything you have becaue they know where the price will be next month / year
How is your $100 dollars .
Still losing huge value ?
rofl .

 

[Robert W]

Merchants will always buy ,if they believe there is further profit . At the moment every hustler company will buy anything you have becaue they know where the price will be next month / year
How is your $100 dollars .

Luiza, can you take your gold and go shopping with it?

 

[luiza]

Luiza, can you take your gold and go shopping with it?

I have never ever used cash in at least the last two years .
Who would want to?

But , let me remind you that a British Sovereign which is 99.9% gold would cost you around $700 to buy right now but it would only weigh 7 +grams .

Therefore , carrying Gold coins could be an easy option .

But no one in their right mind would want that when all transactions could be handled by card swipes .As per present.

With the" Card's Value" resting on the universal Gold standard or whatever else all choose .
Rather than resting on an artificial standard of the US Dollar, say , which fluctuates constantly and is used in a contrived way in many areas to give the US "unearned" income .