Re: [TSP_Strategy] Re: Gold is doomed

 

Thanks. I have a small collection. As a former Marine, with brass I can get gold...lol. 

Thanks for catching the reference.

Cheers, 

Ken

Sent from my Verizon Wireless 4G LTE smartphone

-------- Original message --------
From: "David Gordon david@digitaldata.us [TSP_Strategy]" <TSP_Strategy@yahoogroups.com>
Date: 07/30/2015 7:24 PM (GMT-05:00)
To: TSP_Strategy@yahoogroups.com
Subject: Re: [TSP_Strategy] Re: Gold is doomed

 

Kenneth,

I hope I am not the only one who got your reference about brass.  I have been collecting "processed" brass for quite a while.  I am also investing in its method of conveyance.

David

On 07/30/2015 09:57 AM, Kenneth Briggs brigsy130@yahoo.com [TSP_Strategy] wrote:

 

I think you both bring up a great point: don't put all your eggs in one basket. Personally I wouldn't buy tangible gold (not securities) as a hedge against a failed state, but, rather, as a hedge against inflation. It never hurts to invest in appreciable commodities, but art, property, etc. have those same benefits. I good asset mix is key.

FWIW, the 1980-2007 0% growth is arbitrary. How about 1970-1980 with 845% ROI? The historical chart shows gold generally depreciates during a recession and experiences a precipitous growth in value during recovery, only to come back down (which is where we are right now). Using my eyeballs, unless we're IN a recession, decide to stock up on gold, and then SELL on the subsequent post-recession run-up securing capital gains (0% tax, no?), then holding for the apocalypse is not a good bet. But buying when it's low and selling when it's high is a no brainer. If it hits $700, I'd buy some for sure but I wouldn't empty my nest egg to do it.

Just my $.02.

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Posted by: brigsy130 <brigsy130@yahoo.com>

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