Buy gold or silver to protect your IRA. - Hyundai Forums : Hyundai Forum
Reply
 
LinkBack Thread Tools
post #1 of 13 (permalink) Old 03-30-2018, 02:46 AM Thread Starter
Senior Member
 
NicholasD's Avatar
 
Join Date: Jul 2016
Location: Central Wisconsin
2017 Hyundai Elantra Limited 1988 Toyota Supra Turbo 1982 Pace Arrow Motorhome 1986 Bayliner, Vol
Posts: 2,971
Mentioned: 122 Post(s)
Quoted: 990 Post(s)
NicholasD is an unknown quantity at this point
(Thread Starter)
Buy gold or silver to protect your IRA.

Sure enough commercials on this, refer back back to that 2008 crash where some people lost as much as 50% of their investment. But this is only if they took it out.

We left ours in, so did my family members, after a bit was higher than it was before. They claimed this money was lost, another lie, ended up in someone else's pocket

If we were to invest in gold at a current price of $1,345.45 an ounce and if there was a crash, claim there is going to be another one, who would pay $1,345.45 an ounce for it?

Ha, with our luck would only be worth $35.00 an ounce like it was for the first 33 years of my life.

Foreign country? If that 1929 crash was a sneeze to the US, was a major epidemic to countries like Germany, whole world goes down.

Wife suggested we invest in land, okay, lets look into it, first finding the land, next step was to the tax assessors office, darn property taxes are so high would go broke in a hurry.

Why even worry about it, we can move in with our kids, or better yet, move to Portland and become homeless.

Our neighbor doctor with a divorce sold his home in 2008, only got 60% of its value, to bad they didn't wait another year. Ha, when I heard about this the value of my home must also be way down so called the tax assessor. That was a huge mistake, increased our taxes.

We sure used a lot of gold back then, only known element that is non-corrosive for electrical contacts, that sure became history. Not sure about all the claims with silver, that stuff oxidizes like crazy.

Ha, if gold is so great, rather be selling it than buying it.
NicholasD is offline  
Sponsored Links
Advertisement
 
post #2 of 13 (permalink) Old 03-30-2018, 04:47 AM
Senior Member
 
Join Date: Jan 2016
Posts: 339
Mentioned: 2 Post(s)
Quoted: 106 Post(s)
oscargamer is an unknown quantity at this point
Your point is...........?
oscargamer is offline  
post #3 of 13 (permalink) Old 03-30-2018, 05:37 AM Thread Starter
Senior Member
 
NicholasD's Avatar
 
Join Date: Jul 2016
Location: Central Wisconsin
2017 Hyundai Elantra Limited 1988 Toyota Supra Turbo 1982 Pace Arrow Motorhome 1986 Bayliner, Vol
Posts: 2,971
Mentioned: 122 Post(s)
Quoted: 990 Post(s)
NicholasD is an unknown quantity at this point
(Thread Starter)
Quote:
Originally Posted by oscargamer View Post
Your point is...........?
Maybe not a point, but an opinion, do not buy gold. Well unless you can buy it low and sell it high.

But sure trying their best to scare you into buying it.
NicholasD is offline  
Sponsored Links
Advertisement
 
post #4 of 13 (permalink) Old 03-30-2018, 09:55 AM
Senior Member
 
Join Date: May 2016
2010 VW CC |2016 Hyundai Tucson Eco |2017 Hyundai Sonata Eco
Posts: 297
Mentioned: 2 Post(s)
Quoted: 101 Post(s)
Midwest is an unknown quantity at this point
I’m in my early thirties. I’m hoping for a recession. My whole adult life I’ve had to invest at the all time highs. I moved more money in on the February correction. I see no value in gold. I’d buy treasury notes before I ever thought of gold.

Last edited by Midwest; 03-30-2018 at 09:58 AM.
Midwest is offline  
post #5 of 13 (permalink) Old 03-30-2018, 10:46 AM
Senior Member
 
Join Date: Nov 2015
Location: krum, texas
drives first 2016 elantra value edition, windy sea blue. 2016 elantra value edition, galactic gray
Posts: 1,395
Mentioned: 15 Post(s)
Quoted: 497 Post(s)
hochiinn is an unknown quantity at this point
way back when, a co worker was obsessed with gold. this was when it was illegal to own gold, and it was still 32/oz. when it became legal, he went out and spent a bunch on gold. at 32/oz. we all thought he was nuts. i guess he is still laughing.
hochiinn is offline  
post #6 of 13 (permalink) Old 03-30-2018, 11:29 AM Thread Starter
Senior Member
 
NicholasD's Avatar
 
Join Date: Jul 2016
Location: Central Wisconsin
2017 Hyundai Elantra Limited 1988 Toyota Supra Turbo 1982 Pace Arrow Motorhome 1986 Bayliner, Vol
Posts: 2,971
Mentioned: 122 Post(s)
Quoted: 990 Post(s)
NicholasD is an unknown quantity at this point
(Thread Starter)
Quote:
Originally Posted by hochiinn View Post
way back when, a co worker was obsessed with gold. this was when it was illegal to own gold, and it was still 32/oz. when it became legal, he went out and spent a bunch on gold. at 32/oz. we all thought he was nuts. i guess he is still laughing.
Think the year was around 1972 when every dollar had to be backed up with gold, can believe this was changed by an executive decision by Nixon!

This was the year inflation was invented. Was legal to own gold in like your teeth or jewelry, FDR requested you sell it to the government, needed more bucks for WWII.

Another crazy thought between my wife and I, we left home at 18, well I was drafted, most of my high school classmates got married so they didn't have to be.

With our kids, youngest left at 26, oldest at 30, ha, all were college educated but could not find jobs.
NicholasD is offline  
post #7 of 13 (permalink) Old 03-30-2018, 12:13 PM
Senior Member
 
Airforce1's Avatar
 
Join Date: Jul 2014
Location: califon,nj.usa
'98 Taurus-Sold '08 GMC '08 GX460 '12 Hayabusa-Sold '14 Kawasaki ZX14R-Sold '17 Sonata Limited w/
Posts: 3,900
Mentioned: 33 Post(s)
Quoted: 1663 Post(s)
Airforce1 is an unknown quantity at this point
Quote:
Originally Posted by Midwest View Post
Iím in my early thirties. Iím hoping for a recession. My whole adult life Iíve had to invest at the all time highs. I moved more money in on the February correction. I see no value in gold. Iíd buy treasury notes before I ever thought of gold.

If memory serves me right,history shows that we have had a recession every 7 years,so,we are overdue. The major indices are now testing the 200 day moving averages,something not seen in quite some time.This should be tested a bit and once we break thru those levels,after more tests at those levels,we should see some major selling.I believe the tops are in and the trend is lower.

Too many bubbles going on and the stock market is over valued on a p/e basis.Unless you are picking stocks,I would stay out of the market and wait for a major correction.I told my parents to sell everything with their broker and move it all to cash,which they did not do.

When we do get major selling,it will bring gold and silver with it,but,they should recover and outperform extremely well after that with silver trumping gold.That is how I am playing it,we shall see how it plays out.

For the past two years,I have been in and out of specific silver stocks adding on the February correction. There are four areas in stocks that I have and/or will be adding to when certain price levels are reached.There are silver,uranium,lithium,and marajuana stocks.

Markets should become quite interesting within the next year.

"He has the most who is most content with the least"

20% Solar Guard Tint excluding front windows
Rexing V1 Dash Cam & Blackvue Power Magic Pro Timer
De-badged
Fumoto Valve
Morimoto XB Leds 921 Reverse Bulbs
Precision Leds- 8000K License plate
ScanGuage II
Ultra Racing Front Strut Bar
UPR catch can



To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Airforce1 is offline  
post #8 of 13 (permalink) Old 03-30-2018, 01:46 PM
Senior Member
 
NDSE's Avatar
 
Join Date: Jan 2017
Location: St Louis, Mo
Drives 2017 Elantra SE
Posts: 1,147
Mentioned: 15 Post(s)
Quoted: 355 Post(s)
NDSE is an unknown quantity at this point
Quote:
Originally Posted by Airforce1 View Post
marajuana stocks.
Wow dude, if your marajanuana stocks get high isn't that an oxymoron?

Silver is an industrial metal. We keep using up supply. Demand is there. Price is down?

Truth alone triumphs, not untruth.
NDSE is offline  
post #9 of 13 (permalink) Old 03-30-2018, 02:54 PM
Senior Member
 
Red Raspberry's Avatar
 
Join Date: Sep 2009
Location: East Central Illinois
2008 Accent 3 door 5 sp 2010 Genesis Coupe 2L Track 6 sp man
Posts: 7,233
Mentioned: 22 Post(s)
Quoted: 1647 Post(s)
Red Raspberry is an unknown quantity at this point
If you buy gold or any other precious metal it's best to have it in your possession and not on paper.

You can't stand backwards on stairs......
Red Raspberry is offline  
post #10 of 13 (permalink) Old 03-31-2018, 02:59 AM Thread Starter
Senior Member
 
NicholasD's Avatar
 
Join Date: Jul 2016
Location: Central Wisconsin
2017 Hyundai Elantra Limited 1988 Toyota Supra Turbo 1982 Pace Arrow Motorhome 1986 Bayliner, Vol
Posts: 2,971
Mentioned: 122 Post(s)
Quoted: 990 Post(s)
NicholasD is an unknown quantity at this point
(Thread Starter)
Had two $1,000.00 bills in my pocket when I purchased that new 65 Buick, was around $2,600.00, loaded. If I kept those, only worth about $125.00 today, but was watching Pawn Stars, Rick gave $2,000 for on or about 250 bucks. So much for keeping cash.

Just trying to keep your money up with inflation is a huge battle. 88 Supra had a sticker price of $27K didn't pay that much for it, but told its worth $16K today. But an 88 buck is only worth 50 cents today, more like $8K less than a third of its value, not selling it, didn't get my use out of it yet.

Claim CD's are your safest investment, sure was nice in the 80's, around 18%, today, not even keeping up with inflation and you have to pay income taxes on that interest so ending up with less money you started with.

Did get ahead in 1972 by building my own home, materials cost is well less than a third of the selling price, and at interest rates back then, with a mortgage would be paying back three time the price in interest. Ha, talk to people, they can deduct their interest, yeah but instead of paying around 10% to the IRA, paying 100% of it to a bank.

Bored, calculated what would happen if my FICA taxes, not only this but also paying income tax on top of that tax, if it was in an IRA, would have about 1.5 million today, but only getting pennies in SS payments, and have to give a good share of it back in more income taxes. Ha, planning on living until I reach 168 years of age just so I get all my money back.

If in the 10% tax bracket, and have a kid, end up paying 97 cents less in taxes each day and have to purchase a much larger vehicle to haul that kid due to seat beat laws.

One way to save a bunch of cash is to DIY, but the IRS is trying to figure out how to tax this as well.

About the only way I would play with stocks is to be on Wall Street itself, just a few seconds later on a computer can cost you a fortune, they got us where they want us.

Difficult enough just to keep the money you worked your butt off for. Super high tuition and health cost can actually put you below the poverty level where you can get this stuff practically for nothing, so ask, why are we working for.
NicholasD is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Hyundai Forums : Hyundai Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome