toorude89 said:So I sold my 40% halves to the LCS for $4 a pop. $240 in my pocket. Now what do I do with the profits?
Note to self.. Never listen to a word 50cent says lol...50cent said:Buying gold, buying silver, is a bad idea.
toorude89 said:Damn skippy. Anyway, I don't buy silver or gold. I only find it in the wild, and sell what I don't what for a tidy profit. Went detecting today and found $14.35 in clad. Hitting ebay now to buy some silver with that.
Its a bad idea if you are buying them (gold and silver that is) at current prices, unless you buy them in bulk. If you have a mere $240, investing in gold/silver, at current prices without intent to sell them is a bad idea. IF you are getting it for safe-keeping, by all means its a good investment. None-the-less, it takes massive amounts of money to invest in AG/Gold at current prices and make a profit. I expect it to jump once more, but not by that much. Only enough to make a profit on if you buy in bulk and sell in bulk. Buying gold for safe keeping/security is one thing, buying $240 worth of it aimlessly makes no sense.
FormerTeller said:Wow, great non-gansta post! Glad I didn't put you on ignore.
Its a bad idea if you are buying them (gold and silver that is) at current prices, unless you buy them in bulk. If you have a mere $240, investing in gold/silver, at current prices without intent to sell them is a bad idea. IF you are getting it for safe-keeping, by all means its a good investment. None-the-less, it takes massive amounts of money to invest in AG/Gold at current prices and make a profit. I expect it to jump once more, but not by that much. Only enough to make a profit on if you buy in bulk and sell in bulk. Buying gold for safe keeping/security is one thing, buying $240 worth of it aimlessly makes no sense.