Investing In Gold... Another Scam?

Jon,

I use to attend "Real Estate Expo" in Las Vegas every year. A week at Cesar's of real estate exchanging. The second year they loaded a few hundred of us on buses and drove us into the desert. I had $800,000 worth of Austrian Opals with me.They offered to take those Opals at face value for their lots at 10%, I said no.

I said no the next year for the lots at 20%.

I said no the fifth year for the lots at 100% and my Opals at 20%.

I moved to Vegas 5 years later the lots were now listed 4 times higher than I remembered and they demanded all cash!

We can't worry about what we didn't do! All we can do is worry that what we did do doesn't do us!

Bill

Jon, I'm afraid I put all my investments inito raising my 4 kids.  I don't even want to know how much that would be if I had it in gold or diamonds.

I just hope one of them will look after me in my later years lol.

I,m thinking of investing all of my money in a bag of M&M's

I filled up the gas tank & bought a $1 lottery ticket yesterday.  I know how that will turn out.

I'm wondering if Gold is on the verge of a bubble anyway.  As soon as something seems to be a "no-brainer"... it becomes for those without brains...

I've been following that story.  It is really amazing.  Many are buying Gold ETFs thinking that they are buying real gold that is being stored someplace when in fact they are only buying promises and nothing more.  That's why if you are going to invest in gold and silver, I think you need to buy the real thing, not some kind of paper substitute. Buy it and bury it in your backyard if you have to. 

If everyone wanted their gold in physical form, only one in one hundred would get it.  What do you think that would do to the price? 

How long can our paper currency be a store of value?  Eventually all the fiat currencies will be worth only what the paper is worth.  Think about the recent European Union bailout.  All of these countries that are basically bankrupt chipping in to bail each other out?  The United States which is in deep debt supplying a trillion dollars?  Where does that come from?  It's all funny money.  We print up money with nothing backing it and we pretend that it's real.  If it were that easy, all we would have to do is have the Federal Reserve print up a million dollars for every American and we all wouldn't have to work again.

There are many methods to make money and earn a living; however, the best way to do it the way you know the most about.  That is why I am sticking with real estate.