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Re: Gold [Re: Jpurdue] #12489019 11/02/17 02:07 PM
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Hookem Offline
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McBride's in Austin.

Where else can you go to for guns, ammo, fishing stuff and coinage?


Re: Gold [Re: UTDmiller] #12489083 11/02/17 02:45 PM
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JCG57 Online Content
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Originally Posted By: UTDmiller
Bitcoin hit 7300 earlier this morning, dropped back to just under 7k... buy that instead banana


Bitcoin may be the millennials' version of gold, or tulip bulbs, I suspect the latter.

Re: Gold [Re: JCG57] #12489098 11/02/17 02:59 PM
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UTDmiller Offline
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Originally Posted By: JCG57
Originally Posted By: UTDmiller
Bitcoin hit 7300 earlier this morning, dropped back to just under 7k... buy that instead banana


Bitcoin may be the millennials' version of gold, or tulip bulbs, I suspect the latter.


Bitcoin is an accepted payment for many merchants, Amazon just purchased 2 URLs having to do with crypto currencies... if they accept it as payment i highly doubt it will go away. I believe Japan already widely accepts bitcoin, its a risk just like many other investments but has some huge potential

Edit: In Fact Japan accepts it as a legal form of payment, this happened back in April of this year which is right around the time when it started to shoot up... interesting coincidence

Last edited by UTDmiller; 11/02/17 03:00 PM.

John Miller
Re: Gold [Re: Jpurdue] #12489107 11/02/17 03:06 PM
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djn Offline
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what's a portfolio?

Re: Gold [Re: UTDmiller] #12489113 11/02/17 03:09 PM
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Originally Posted By: UTDmiller
Originally Posted By: JCG57
Originally Posted By: UTDmiller
Bitcoin hit 7300 earlier this morning, dropped back to just under 7k... buy that instead banana


Bitcoin may be the millennials' version of gold, or tulip bulbs, I suspect the latter.


Bitcoin is an accepted payment for many merchants, Amazon just purchased 2 URLs having to do with crypto currencies... if they accept it as payment i highly doubt it will go away. I believe Japan already widely accepts bitcoin, its a risk just like many other investments but has some huge potential

Edit: In Fact Japan accepts it as a legal form of payment, this happened back in April of this year which is right around the time when it started to shoot up... interesting coincidence


I did not say Bitcoin would go away, tulip bulbs did not go away, rather, their value collapsed to reasonable levels after they were hyper-inflated.

Re: Gold [Re: JCG57] #12489219 11/02/17 04:15 PM
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Originally Posted By: JCG57
Originally Posted By: UTDmiller
Bitcoin hit 7300 earlier this morning, dropped back to just under 7k... buy that instead banana


Bitcoin may be the millennials' version of gold, or tulip bulbs, I suspect the latter.


The tulip bulb analogy is an excellent one!

Re: Gold [Re: Jpurdue] #12489276 11/02/17 04:54 PM
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In 2001 when I graduated my step father offered me some gold coins to save or a few hundred in cash to spend as a present.


Yea I took the cash.

It was like $275 an ounce then...

Re: Gold [Re: Jpurdue] #12489890 11/02/17 11:33 PM
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KingwoodCat Offline
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U.S. Gold Bureau in Austin.


"Any man who thinks he can be happy and prosperous by letting the government take care of him had better take a look at the American Indian".

Henry Ford
Re: Gold [Re: Jpurdue] #12489892 11/02/17 11:36 PM
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fish4bass Offline
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My 401K has more than doubled since '09. Growing $6K a month. Happy. "Born 1962 plan" at Fidelity.

Last edited by fish4bass; 11/02/17 11:38 PM.

And I know who "Jeff" is.
Re: Gold [Re: Jpurdue] #12489926 11/03/17 12:06 AM
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TR176 Offline
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I made fun of a guy that paid $65 oz for gold when it first became legal. I wonder if the same investment in stocks would be the same or more now. I remember when people went crazy over gold and silver in the mid 70s people were buying bags of silver coins for upward of $50 oz. it was a slaughter when it went back to $4 oz.

Re: Gold [Re: TR176] #12489929 11/03/17 12:08 AM
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fish4bass Offline
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Originally Posted By: TR176
I made fun of a guy that paid $65 oz for gold when it first became legal. I wonder if the same investment in stocks would be the same or more now. I remember when people went crazy over gold and silver in the mid 70s people were buying bags of silver coins for upward of $50 oz. it was a slaughter when it went back to $4 oz.


I had a guy at work trying to get me to invest in Ostrich eggs at one time. roflmao Diversify.... That is the ticket.

Last edited by fish4bass; 11/03/17 12:12 AM.

And I know who "Jeff" is.
Re: Gold [Re: Jpurdue] #12489934 11/03/17 12:14 AM
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Ted Martin Offline
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Originally Posted By: Jpurdue
Wow you guys are particularly useless today. roflmao

Nobody out there keeps a small <5% portion of their portfolio in gold?


sort of, i just put about 3% in stock in a gold mining company.
Its stock price fluctuates almost 1:1 with the spot price of gold.

Reason: minimal transaction cost to buy/sell, i don't have to worry about physically storing it, buying insurance for it, etc.
The downside, lots of people buy gold to hold in case the S hits the proverbial fan. Zombie apocalypse, N Korea nuclear strike, or collapse of modern civilization. Stock won't do you much good if that's the reason you are buying. If you simply want to diversify a small portion, i would go the stock route.

my .02 and its worth everything you paid for it.

Last edited by Ted Martin; 11/03/17 12:51 AM.
Re: Gold [Re: Jpurdue] #12489940 11/03/17 12:21 AM
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DJB Offline
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I've invested in copper and lead.

Re: Gold [Re: DJB] #12489943 11/03/17 12:26 AM
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Originally Posted By: DJB
I've invested in copper and lead.


I have too. Got a few 5 gallon buckets of lead and molds to make fishing weights and bullets.


And I know who "Jeff" is.
Re: Gold [Re: Jpurdue] #12490033 11/03/17 01:34 AM
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Buying gold?!

Just go find golden bullion in Florida.

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