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If a magical genie came out of a bottle and offered you this choice.............

gecko109gecko109 Posts: 8,231 ✭
in Precious Metals
Gold to hit $500/oz immediately, or gold to hit $3,000 immediately......which would you choose and why?



Im 36 yrs old and dont have a lot of gold. I have what I consider to be an "adequate" stack....whatever that means. But im not done adding to the stack by a long shot! With at least another 14 years till retirement, I plan on buying gold on a steady basis till im at least 50. I would LOVE to see gold reset at $500....so I root for these downturns. For full disclosure, I own no paper gold at all. So in the upticks, or downturns, all that really occurs is the change in the value of my stack.....which does not matter to me at this early point in the game. Accumulating the most oz of gold is whats important to me. And when gold falls in price...I can buy more of it.

Comments

  • tydyetydye Posts: 3,894 ✭✭✭
    That depends
    Is gold $500 because the economy is fixed? Or is this just a short magical reprieve for me to acquire more?
  • nibannynibanny Posts: 2,761 ✭


    << <i>That depends
    Is gold $500 because the economy is fixed? Or is this just a short magical reprieve for me to acquire more? >>



    Since we are talking about a magical genie, I would say the latter.

    I am with Gecko, since I am 36 and own only few ounces, I would wish to see gold down to $500 to buy a lot more.
    If only my dad would have "forced" me to get into gold 15 years ago!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Immediately $3,000 then I could sell 1/3 be free & clear on the rest.

    Immediately, Economy/debt fixed and everyone back to work- every one I know with $$ in pocket and Saturday night ho-downs in Bayleville~$500
    Avid collector of GSA's.
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>That depends
    Is gold $500 because the economy is fixed? Or is this just a short magical reprieve for me to acquire more? >>





    Economy not fixed.....gold just takes a huge whoopin and backs down to $500. Some may not see this as a "reprieve" though. Imagine if you were 62 years old and had 250 ounces right now. You might have a VERY different answer to my question. image
  • jmski52jmski52 Posts: 22,974 ✭✭✭✭✭
    Yesterday's $500 is tomorrow's $3,000. I maintain that the dollar number really doesn't matter. What matters are the reasons why.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • bretts911bretts911 Posts: 764 ✭✭✭
    Heck i wish it would go to $500 so i can actually own me an ounce or so I was to young to even start thinking about gold a few years ago
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Lets see. Are you saying it shoots up to $3,000 and stays there or drops to $500 and stays there (for the next 14 years). On the other hand, are you saying it drops to $500 and within 14 years be up to $3,000 an oz? Either way, in order to fix the debt crisis we are in, in 14 years, the tax on your proceeds will be 98%. So, it doesn't really matter.
  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    As I don't have that much gold, and IMO, the price it's at now is
    uncomfortable if not scary, so I'd opt with the $500/OZ and simpler
    times.

    But don't genie's grant 3 wishs, so I'd wish for a financially sound
    Government that hands out Gold like Gubment Cheeseimage

    Steve
    Promote the Hobby
  • PerryHallPerryHall Posts: 46,329 ✭✭✭✭✭
    Where's the poll? With my gold holdings, I'll pick $3000.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Government that hands out Gold like Gubment Cheese >>



    @.
  • DrBusterDrBuster Posts: 5,417 ✭✭✭✭✭
    deleted , nevermind, nothing to see here
  • bestmrbestmr Posts: 1,783 ✭✭✭
    I think I'd ask for a different genie if that's all he was granting. But if i had to choose, I'd go with the $500 gold.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • gecko109gecko109 Posts: 8,231 ✭
    Just found this clip. Not sure where to post it, so here is where im gonna stick it. Gave me chills.



    wow
  • tydyetydye Posts: 3,894 ✭✭✭
    If that is the case - I would go for the $500 gold
  • cohodkcohodk Posts: 19,284 ✭✭✭✭✭
    Im 36 yrs old........ With at least another 14 years till retirement,


    Retire at 50!! What is this Greece? image


    I'd take the 3k now. Never check the teeth of a gift horse. Plenty of other opportunities out there.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    $3,000 gold for me before $500 gold.
  • rpwrpw Posts: 235 ✭✭
    I'll Take What's Behind Door #3 Bob.

    Cabelas has 1000 rounds of brass cased, boxer primed 115 gr. FMJ 9MM for $189. And Free Shipping with the code: 8WFREE. That stuff is loaded hot and more like a +P than regular 9MM. Now who said there's no bargains left anymore?
    imageimage Small Size National Bank Note Type Set $5-$100
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    I'd like the price of gold to predictably fluctuate between the two figures image

    Liberty: Parent of Science & Industry

  • PerryHallPerryHall Posts: 46,329 ✭✭✭✭✭


    << <i>I'll Take What's Behind Door #3 Bob.

    Cabelas has 1000 rounds of brass cased, boxer primed 115 gr. FMJ 9MM for $189. And Free Shipping with the code: 8WFREE. That stuff is loaded hot and more like a +P than regular 9MM. Now who said there's no bargains left anymore? >>



    Corrosive primers? Sounds like old military surplus.


    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • johnny9434johnny9434 Posts: 28,538 ✭✭✭✭✭
    id go with $500 just to see the economy get out of this mess that we might never get out of
  • derrybderryb Posts: 37,106 ✭✭✭✭✭
    Accumulating is one way to stack. A better way to stack is to also trade the the tops and bottoms and "compound" your stack as well.

    Repetition of ignorance is ignorance raised to the power two.

  • vibr0nicvibr0nic Posts: 614 ✭✭✭


    << <i>Accumulating is one way to stack. A better way to stack is to also trade the the tops and bottoms and "compound" your stack as well. >>



    Is there really a way to do this with phyzz tho?
    I like large size currency and silver dollars.
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