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Whiskeytide

(4,657 posts)

19. I read somewhere a while back...

Reply to Nuclear Unicorn (Original post)

Tue Jan 3, 2012, 04:41 PM

Jan 2012

that gold is very stable, but is not a good profit making investment. The explanation was that in 1800, an ounce of gold would buy one good quality men's suit. in 1900, it would do the same. In 2000, again, the same. Since Beck and others have been vomiting pro-gold, we're all gonna die pawn shop ads over the last few years, the example of a men's suit may have become obsolete. Especially since Men's Warehouse will now give you two free, plus two shirts and two ties for every one you buy.

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Honest question: Why is gold considered a good investment? [View all] Nuclear Unicorn Jan 2012 OP

It takes up less room than Beanie Babies and lasts longer than tulip bulbs. n/t Ian David Jan 2012 #1

From a discussion I heard on the Max Keiser show Gregorian Jan 2012 #2

While I think gold right now is a silly investment dmallind Jan 2012 #3

good response ... JoePhilly Jan 2012 #18

Just think of it like this: iamtechus Jan 2012 #4

When does "the value of paper money in your pocket go to zero" "occasionally"? Capitalocracy Jan 2012 #8

My thinking. Nuclear Unicorn Jan 2012 #14

This message was self-deleted by its author iamtechus Jan 2012 #15

It has happened in the US.. girl gone mad Jan 2012 #26

I wasn't really considering continental or confederate currency as a "U.S." example Capitalocracy Jan 2012 #27

These are both US examples. girl gone mad Jan 2012 #28

I'm not saying it couldn't happen Capitalocracy Jan 2012 #29

This message was self-deleted by its author Tesha Jan 2012 #5

If you bought gold a few years ago, you would've made a hefty profit. Capitalocracy Jan 2012 #6

Because it's shiny Scootaloo Jan 2012 #7

That's easy! KansDem Jan 2012 #9

lol is that a quote from "treasure of the sierra madre"? nt msongs Jan 2012 #10

!! KansDem Jan 2012 #12

... tjwash Jan 2012 #24

"...you're dumber than the dumbest jackass..." KansDem Jan 2012 #30

it's shiny piratefish08 Jan 2012 #11

It's only a good investment if you buy low and sell high. MilesColtrane Jan 2012 #13

Dunno, but when governments collapse Doremus Jan 2012 #16

Bookmarking for later Xicano Jan 2012 #17

I read somewhere a while back... Whiskeytide Jan 2012 #19

Gold is a good investment. Jewelry is not. former9thward Jan 2012 #20

Not really a great investment mitchtv Jan 2012 #21

If you invest in gold as ETF, can you actually cash it in for real gold? rbixby Jan 2012 #22

The only ETF that does that is ZGLD which is sold on the Swiss exchange. former9thward Jan 2012 #23

credibility Enrique Jan 2012 #25

Revealed, what's really at Fort Knox itsrobert Jan 2012 #31