This forum post is hidden because you have chosen to ignore vjklander. Show Details
This forum post is hidden because you have submitted an abuse report against it. Show Details
Is it just me or do the "Invest in Gold" infomercials seem like total scams? Monex, International Gold Investments, etc. all promise that the economy is crashing and there is no better safe harbor than holding gold in your account.
First, the economy is not crashing like it did in the 1930s...
And there are better defensive plays than gold...even if it has been on a tear for the past year, would you invest with an infomercial sponsor???? Kind of like giving your money to Ron Popiel (Ronco - home of spray on hair, the bass master, grillmaster, etc.) for a retirement fund.
There are a couple ways to invest in gold. Last summer, I ttok the advice of Ron Paul and dumped all my financials and housing, and anything remotely related to housing, automotive, retail, etc. Three of the stocks I bought into are FCX, NEW, and RTP, each of which has nearly doubled in addition to paying a small divvie. I also bought some gold bullion coins when they were in the $650 range and sold when they went over $1000. I continue to buy silver bullion though.