Gold, oil and commodities in general are usually acquired when one thinks that inflation will be with us for a while. K talks about inflation as a problem but the article also attributes to him the fear of a coming financial crisis. This is the type of chaos where gold in particular has shown upside value.

There are a lot of talker here but who is taking action?
I have made over 200k in 6 months with very little money down and virtually no risk.
I intend to ride this wave all the way if it crashes I will get on the next one.

Mat said:There are a lot of talker here but who is taking action?
I have made over 200k in 6 months with very little money down and virtually no risk.
I intend to ride this wave all the way if it crashes I will get on the next one.
Care to elaborate?

thetrump said:Mat said:There are a lot of talker here but who is taking action?
I have made over 200k in 6 months with very little money down and virtually no risk.
I intend to ride this wave all the way if it crashes I will get on the next one.
Care to elaborate?

I suspect he jumped on a property 6 months ago and it's now worth 200K more than when he bought it. It could be less broker's fees, less taxes, less AMT gouging. Still, it's a nice chunk of change. No debating that.

Personally, I'm not in this crazy market. I missed my chance.

-comix

i think this belongs in: real estate bubble (if and when). kis.

slimcustomer said:

If things get that bad, I'd like my gold in the form of bullets, not coins.
silver bullets, silver!

didYOUsearch said:bestcreation said:
Why buy gold coins and paying (higher)transaction costs and worrying about where to keep your coins when all you want is exposure to gold?. BC many people want more than just exposure to gold....

some keep gold in case of disaster. physical possession of coins is a benefit to them. A stock on a computer screen isnt tangible, and wont do you squat if you need to barter with it.

Honestly, if things go that badly that we start busting out gold coins for payment, then you'd be better off investing in a few shotguns or maybe assault rifles. We're basically talking about a complete collapse of the United States including our currency becoming absolutely worthless. If that's what you are worried about, a farm in the middle of nowhere where you can grow your own food is probably the best bet.

Nagorak said:
some keep gold in case of disaster. physical possession of coins is a benefit to them. A stock on a computer screen isnt tangible, and wont do you squat if you need to barter with it.

Honestly, if things go that badly that we start busting out gold coins for payment, then you'd be better off investing in a few shotguns or maybe assault rifles. We're basically talking about a complete collapse of the United States including our currency becoming absolutely worthless. If that's what you are worried about, a farm in the middle of nowhere where you can grow your own food is probably the best bet.

Moving to a farm or buying ammo is investing in a completely different asset than simply choosing to hold gold phyiscally vs. "on paper" for its benefits. Each has its benefits and downsides.

no, i can't possibly be that disrespectful with mr youridol kyiosaki. What am saying is that when he was shouting fire last year the price per sqft in the phx area I was looking to buy was about 110-120/sqft. Now it is 180/sqft (selling price) and new listings ask 200/sqft. That’s all.

jim cramer, Robert kyiosaki et comp.
Why in the world don’t really successful ones like buffett go out giving specific advice. The secret is being secretive (sic.)
Oh, soros wrote several books but all were basically some theoretical mumbo-jumbo that could put you to sleep. This was his target I guess: to put investors to sleep with his books so that he could go out and make money while everybody was sleeping.


>>>>>viteazu said:

didYOUsearch said:

http://www.sfgate.com/ETC

please!
a year ago when i moved to phoenix he was shouting that the phx real estate was way overpriced and he was getting out. unfortunately i waited for a while before buying so i lost good money there.
i am pretty sure his big bucks come from books not from great deals he made. he will be ok.

Are you saying he was wrong, simply bc he gave advance warning of the impending downturn? Seems like timely advice to me. LAS and PHX have experienced declines recently. >>>>>>>

you might want to hold gold coins to keep assets from appearing in a financial audit... way off the books