Bought my first gram of gold today
Posted by Zach055 9 years, 11 months ago to The Gulch: General
I have been on this site for a long time, but only a few days ago I decided to buy one gram of gold. This is the first time I have ever bought gold and it arrived in the mail today. I know that one gram is a very small amount, but I wanted to start small and build up my collection. I just thought I'd share this with everyone on the Gulch.
Federal Reserve. Long term the trend is in favor of gold,
I agree with TerryCan, Gold is good for large purchases, or movie large sums of cash to something you can carry. Silver is better for small transactions. Get a mix.
Ragnar. :)
The only thing I would say, just be careful not to get too attached to the "story" around gold (risks of hyper inflation, etc). You need to have an exit strategy otherwise the gold just becomes a curiosity. Decide how high the price can go to make you sell and take your profit, and also (possibly more important as a mental exercise) how low the price would go to make you decide it was a bad idea and sell.
I don't think you need to worry about people in your digital life, it's the people in your real life who will tell people you don't know, who will break in and trash your house trying to find the rumored million dollars worth of gold you have squirreled away.
So you think the government or marketeers are going to harm Zach because he bought a gram of gold? Think he's up for an IRS audit or a flood of gold adverts because an unknown flesh and blood person using the digital ID "Zach055" told us he bought a gram of gold?
The marketeers are tracking everything they can and aren't likely to notice the significance of an amount mentioned in one post, or care. It marks him in the database as a potential or actual gold buyer, along with whatever else is of interest to their algorithms combining it with other data from other posts and other sources.
Government surveillance combines that with what they think of as "terrorist" politics, "anti-government", and "tax protestors".
Do you suppose the watchers know, or can find out Zach055's real identity? I suppose the NSA could crack The Gulch's database and get Zach005's email address, then crack that email provider's database and find out enough to track the poor guy down. So I guess we're really only anonymous to each other; Uncle Security and his friends know who we are.
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http://www.marketminder.com/GoogleSearch...
Another fun thing to do [I probably read this here] is to watch the silver auctions on Ebay as they end and bid on anything that's a deal or even a reasonable price. You have to figure out the true price silver coins [pre-1965] are 90% silver; multiply the weight of the coin by .9 to get the actual amount or silver in the coin, and then multiply by the current price. A lot of the lots on Ebay go for 2X the real value, but some are fairly priced.
again, congrats for thinking ahead. It's becoming a lost art in the U.S.
If you mow a large lawn in exchange for a gram of gold, that drop of gold is worth the cost of someone maintaining a large lawn in ancient times and probably will be about the same in the future. If you take it and buy equipment and hire people to help dozens, hundreds, and then thousands of people with their lawn care needs, that's where real value is-- going out and helping people. IMHO people get too caught up in the medium of exchange and forget that it's all about providing something that someone else wants.
Commodities like gold are nice because 10lbs go gold bought a good house in ancient times and today. But someone not concerned with storing value but rather creating and growing value can trade Mexican Pesos or whatever medium of exchange. If they serve customers and inspire employees, they'll grow wealth at a fast rate, regardless of whether they're using Mexican Pesos, USD, Euros, or American Silver Eagles. The only reason any of those have any value is someone is willing to serve people's needs in exchange for them.
try to spend it! as for the dollar, it can be used all over the world and there is no currency from any place in the world that can be used in America, not even gold.
Sometimes you just have to ask.
One other thing...those mail-order suppliers generate a record of your purchase. If you don't mind the gubment knowing that you have the gold, no problem.
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