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Would you take an ounce of gold right now or a $100,000 in 10 years?
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2009 Dec 16, 11:49am 1,639 views 6 comments
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I'll take the 100K. This is not Zimbabwae. The top 5% of the wealthiest people will not let this happen. It is all going as they have forseen it. Whahahaaaaa.....
thenuttyneutron
2009 Dec 16, 2:16pm
I will take the $100,000 in the form of $1 stacks on a pallet. If inflation wins and the dollar does collapse, at least I will have toilet paper. If deflation wins, I will have $100,000.
gold is in a bubble. period !
there is a reason warren buffet stays away from gold.
I would take the $100k and than use my own money to buy an once of gold. If the dollar crashes I will still have my once of gold, if the dollar does not crash I will be looking forward to having $100k. I cannot think of any other investmant that will guerntee a return that would turn $1k to 100k in 10 year.
Gold doesn't produce wealth. The whole point of this website is that you don't get rich by owning a bunch of wood, shingles, dry wall. When people say "The govt. can't make more gold like they can with the dollar, gold is where you should invest" it is no different than "They aren't making more land housing is where you should invest"
Note, if you opt for the ounce of gold now, you can't sell it for at least 10 years. If you opt for the option of $100,000 in ten years, you can't sell this option. It's basically a choice or a bet on the collapse of the dollar.