Anyone here invest in precious metals?

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  • Rictor
    Old Timer
    • Jan 2001
    • 12208
    #1

    Anyone here invest in precious metals?

    Gold, silver, platinum?

    Bullion or rare coins? Is it locked away in the vault of the company you buy from or do you actually have it in your home or a safety deposit box?
    Tags: None
    • Shoehorn!
      Die With Your Boots On
      • Oct 2003
      • 22872
      #2
      Originally posted by Rictor
      Gold, silver, platinum?

      Bullion or rare coins? Is it locked away in the vault of the company you buy from or do you actually have it in your home or a safety deposit box?
      I bought gold awhile back. You trade it on an exchange just like stocks.

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        • m00d
          So Fucking Banned
          • May 2002
          • 3129
          #3
          just my teeth

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            • KRL
              Entrepreneur
              • Oct 2002
              • 31429
              #4
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                • graphicsbytia
                  Confirmed User
                  • Sep 2003
                  • 2618
                  #5
                  I collect scrap gold from when I buy out house lots, then when I have a good amount of it I sell it

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                    • KC
                      Confirmed User
                      • Jan 1995
                      • 2417
                      #6
                      Originally posted by Rictor
                      Gold, silver, platinum?

                      Bullion or rare coins? Is it locked away in the vault of the company you buy from or do you actually have it in your home or a safety deposit box?
                      Yeah... and if it's in your home, please email me your address along with the estimated value. Thanks.

                      Jupiter Hosting, Inc.
                      Vice President, Business Development
                      kc (AT) jupiterhosting.com

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                        • Rictor
                          Old Timer
                          • Jan 2001
                          • 12208
                          #7
                          Originally posted by TheSmutPeddlerDOTcom
                          I bought gold awhile back. You trade it on an exchange just like stocks.
                          That's one option, yes.

                          The thing is though, that if you are buying gold less as an investment and more as insurance against the collapse of the economy, to have an emergency stash of funds to fall back on, it doesn't make any sense to go with the paper option.

                          I want to have some gold and silver on hand, so if the dollar ever collapses I'll have enough cash to get by until I land on my feet.

                          Oh, and the reason collectible coins are better than bullion is that in times of emergency, the government of the United States reserves the right to seize all civilian gold. Do you think they're coming after the cold in my wall safe? Nope, they don't know it's there. They'll just seize all the gold sitting in banks and you'll be left with that worhtless piece of paper that says you have $100k in gold.

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                            • Rictor
                              Old Timer
                              • Jan 2001
                              • 12208
                              #8
                              But yah, for short term investment, doing it on paper is more profitable because it's cheaper. Silver seems to be a good investment right now. Gold is still kind of pricey but it was down blow $400 last time I looked.

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                                • Kevin2
                                  Confirmed User
                                  • May 2003
                                  • 1429
                                  #9
                                  My hobby is making Gold jewellery so I have been putting chunks of raw gold away for many years. I buy used jewellery as well and melt it down then refine it myself and stash that away as well.

                                  Webmasters Trade Traffic!!!

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                                    • BradM
                                      Confirmed User
                                      • Dec 2003
                                      • 3397
                                      #10
                                      Silver...

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                                        • Illicit
                                          wtf ?
                                          • Dec 2003
                                          • 11895
                                          #11
                                          never really thought of getting into this... I figure there is more of a chance to make $ on company stocks
                                          Insert Sig Here

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                                            • Rob
                                              I'm a great bowler.
                                              • Nov 2003
                                              • 13310
                                              #12
                                              Looking at the current Gold market, I sure as fuck wish I had!!! An investment in Gold 2 years ago would let me retire right now!!!

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                                                • Babagirls
                                                  Text Writer
                                                  • Feb 2001
                                                  • 18812
                                                  #13
                                                  stock ticker MUSA (Metal USA) it was doin well, then it dropped...wonder how its doin this week




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