Buddy Of Mine Asked Me About Investing In Gold....

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Author	Replies: 7 / Views: 1,035
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/07/2011 12:11 am A buddy of mine who I used to work with, who started his own roofing business asked me several questions tonight pertaining to investing in Pm's..... He said he is making more money than ever before, and wanted to invest, and mentioned lithium. I like the idea of investing in lithium. I think Warren Buffet just dumped a ton in one of these new Lithium company's, and it seems like a sure thing, perhaps like some that got into cell phones, or apple, or whatever early on.... The funny part is he said you don't actually have any gold or silver, just paper rights correct. I was like wrong, I have it all, I trust no one as much as myself, lol. He said how did you get it, can you buy it? I said I could make a computer purchase on ebay or other stores or sources and have it a day or two later if I wanted to pay the overnight air, and I can drive three miles down the road to Southern Bullion and buy silver rounds, bars, 1 oz. gold coins, whatever. Well I see these places that buy gold do they sell it? Mostly not I replied, depends on the business.... Well do you keep it, or do you use a safety deposit box? I said I don't trust the gov, and hide myself buried way out in the woods and only I have the treasure map (not really JK, lol), just in case the gov tries to take it all back, or a SHTF situation. Why would you not trust the gov, Kev your kinda kooky he said and what is a SHTF situation? Went on to say that I was one of those paranoid types eh? I said yeah, that bout sums me up, lol.... This is the blinders most of the people are walking around with, not even realizing he could purchase gold or silver, only seeing what is strait ahead. He is a good guy, fantasy football manager, knows sports and I can talk to him about them all day. But as far as knowing anything about the value of Pm's or the real economic situation that surrounds him, he is clueless. As he just has not been exposed to them yet, or worried about these things yet, being a mid twenty guy who only cares about booze and lady's before he thinks about the future, lol. But he was smart enough to see I was involved, and asked some good questions about Pm's and all the other collectibles I have sold on ebay.... Sorry for the long winded rant, but I think most of the people we all know, are like the fellow above. Not dumb, just not informed yet and as they become more informed, the numbers involved with the PM market will grow. I don't know if that is a good thing or a bad thing. More people will get on board, and as the demand grows, and the Earth produces less, one would think this is a formula for big increases.... Report this Post to the Staff

hockingzig Pillar of the Community United States 1450 Posts	Posted 08/07/2011 12:32 am Big increases but also bubbles. As long as it is a long,somewhat slow growth,fine. We don't need folks piling in just yet,not till we all get our stashes together. Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/07/2011 01:18 am I agree Hock, let the rest of them catch on after we have the safes loaded down. In the end, he seemed like he was leaning torwards a paper investment, and I don't try an push my beliefs on anyone. I say the coins are cool to collect for the numismatic and historical value, but by no means a get rich quick plan as some have accused us all of hoping for, when most of us would just like a little security and put something away for the future.... Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 08/07/2011 02:04 am I've had similar talks with friends of mine. I remember the days I had my blinders on...I was also making too much money and spent it all on chasing women and the expenses that come with that. However, now I have a family to look after so I had to wisen up financially. I can put something away for my children and make a little money off of it, too. I'm also hoping you talked to your friend about being prepared...which isn't paranoia, but the smart and wise thing to do. Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/07/2011 03:43 am Oh yeah Mitch, I am the resident conspiracy theorist lol.... I am afraid if a SHTF ever happened all my workmates would show up at my place and be like o.k. what next, and I would be like good question hard to say but strength in numbers, and we need weapons, water, food, shelter, tools, supply, pretty much in that order, and most of all a place to go and a set plan, lol.... Watching Bear Grilles and the Dual survivors never hurts.... Edited by Silverhawk74 08/07/2011 03:45 am Report this Post to the Staff
GoThunder Pillar of the Community United States 830 Posts	Posted 08/07/2011 10:25 am Quote: strength in numbers Yeah I have a feeling there could be roaming hungry, well armed mobs, in the cities. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/07/2011 8:47 pm Hey, Hawk... did I miss the part where you directed him to this web site so that he could get informed? Quote: I was also making too much money and spent it all on chasing women and the expenses that come with that. Well, I am glad to hear that it was money well spent and not wasted! Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/07/2011 9:34 pm Oh yeah Ed, anytime I talk with anyone about Pm's that seems too take an interest, I tell them %95 of everything I have learned too this point, comes from the good people who post here at CCF.... Otherwise, you are just flyin blind in a world fool of fakes an cons.... Report this Post to the Staff
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