I want some wealth

[LSUTiger32]

Gold and silver have been "real money" and the ultimate store of value for at least 5,000 years.

Paper money - and even worse - fiat paper money - has never held value once in history....ever. There has never, ever been a paper fiat money that did not eventually become worthless in history.

Storing wealth (as in future purchasing power) in gold and silver make sense. You do not have a counter party risk with physical gold or silver because you own the metal and it cannot be diluted/counterfeited like paper money can and always has been.

Investing your savings (risk-based gambling) is fine as well - but you are now bringing risk into the equation.

At day's end, I am willing to put my wealth into a real physical asset that someone cannot dilute via printing (and yes, digitally creating more is like printing.) I am willing to bet my approach will buy me all of the water I need, using your example, with ample gold and silver left over to spare.

By the way, when the world economy tanks, what are you going to trade your worthless pieces of paper for? Check out the history of Germany, Argentina and other nations that have seen their wealth evaporated when their currency went bust....the peeps with the gold and silver holdings turned out OK...the ones with paper lost it all.

You must own five Snuggies since you are a talking point machine from a midnight infomerical. Gold (just like paper money) has NO, let me repeat NO INTRINSIC VALUE! It is only worth what someone is willing to pay for it or trade for it. Right now people will trade for money or gold. In the event of a total meltdown, no one is going to want my paper money or your gold. It's a freaking gold color rock, it's worthless except what someone is willing to pay or trade for it. Of course, if the world economy tanked everyone will be clamoring for gold to make them some bling bling. Who needs food or water?

[Amy26]

I gonna save up my gold rocks to throw at people during armageddon... gold hurts more than a regular rock!

[tobee43]

I gonna save up my gold rocks to throw at people during armageddon... gold hurts more than a regular rock!

amy...come on get out the platinum!! LOL!!!!! i'd LOVE to catch a rock of that!

is there any platinum left...i wonder???

[Amy26]

amy...come on get out the platinum!! LOL!!!!! i'd LOVE to catch a rock of that!

is there any platinum left...i wonder???

No, Obama took all my platinum.... >< That bastard.....

[tobee43]

No, Obama took all my platinum.... >< That bastard.....

LOL!!!!!!! and i thought it was bad that he took my food!!!

[Amy26]

LOL!!!!!!! and i thought it was bad that he took my food!!!

OMG he took your food? I think I will have to do some serious gold throwing now....

[tobee43]

OMG he took your food? I think I will have to do some serious gold throwing now....

he did....and our house as well....so he's NOT on MY Christmas list...that's all i can say!! please throw what you can for me!!

[gman]

You must own five Snuggies since you are a talking point machine from a midnight infomerical. Gold (just like paper money) has NO, let me repeat NO INTRINSIC VALUE! It is only worth what someone is willing to pay for it or trade for it. Right now people will trade for money or gold. In the event of a total meltdown, no one is going to want my paper money or your gold. It's a freaking gold color rock, it's worthless except what someone is willing to pay or trade for it. Of course, if the world economy tanked everyone will be clamoring for gold to make them some bling bling. Who needs food or water?

Question: What is the "intrinsic value" of a share of common stock in a company paying NO DIVIDENDS?

Answer: ZERO. Yes, that is the answer. Common stock that pays no dividends is simply a BET that SOMEONE ELSE is going to BE WILLING TO TRADE OR PAY for that piece of paper.

So, according to the above poster's logic, investing is stocks is also a useless place to put your "wealth" because it has no "intrinsic value" and you "cannot eat it."

Look, people come here for advice, right or wrong, and many are struggling with what to do next in their lives.

My advice to people reading this is to follow the facts, and not the sniping comments about infomercials.

Fact #1:

A person buying silver coins or bars two years ago would have seen his wealth climb by around 285% in 24 months.

Fact #2:

A person buying gold coins or bars two years ago would have seen his wealth climb by around 75% in 24 months.

Fact #3:

Since exactly ten year ago today, gold and silver are both up over 560%. The Dow Jones in the same time period has returned a measly 9.5%. Even worse, the NASDAQ is down 2.5% since Dec 3, 2000.

People can make laugh at the "little rocks" of gold and silver all that they want, but the ones who purchased these rare commodities 24 months ago are "laughing all the way to the bank."

As governments worldwide print their currencies away to nothing, gold and silver will continue to explode in value. To not understand this shows a lack of knowledge of Economics 101.

Best of luck to all who are trying to rebuild a nest egg during these tough financial times!

[Amy26]

So....gman... if that's the case... what you doing on a bankruptcy forum? Shouldn't you be rolling in dough?

[gman]

So....gman... if that's the case... what you doing on a bankruptcy forum? Shouldn't you be rolling in dough?

What a stunning display of insight you have! So glad you decided to hop on this thread and provide your knowledge. I'm sure now that the person who started this thread and the people who are looking for advice here are overwhelmed by you taking your precious time to add to the discussion.

;)

[Amy26]

What a stunning display of insight you have! So glad you decided to hop on this thread and provide your knowledge. I'm sure now that the person who started this thread and the people who are looking for advice here are overwhelmed by you taking your precious time to add to the discussion.

;)

Well, I dunno what "knowledge" I was providing... most of the posts have been laughs. I was actually asking questions... which you didn't answer.