Gold: Past, Present, and Future
in Other Investment Types ·
Here is my take on the whole situation.
At the start of the year, I found myself sitting on an extra $10,000,
and after thinking it over for quite some time, I decided to put $2,000 into gold and just blow the rest on whatever nonsense I felt like—which isn't really a crime...
As it stands now, that $2,000 has grown to about $2,200 or $2,300. If I had dumped the full $10,000 into it, I’d probably be looking at $11,000 or $12,000 right now, which would have given me even more money to waste on useless things.
But honestly, I am perfectly content with how things turned out.
The idea is to buy gold using money you already have on hand, but money that you don't actually need for your day-to-day life, or money you know you won't need anytime soon.
Forget about trying to play the market; you'll just end up getting burned, much like those people who lost everything in those big hedge funds and whatnot...
Your strategy should be to buy it, forget it exists, and then check back in maybe 10 or 15 years....
If you have the kind of extra capital where this makes sense, then by all means, buy some gold.
If you don't, then don't even bother.
At the start of the year, I found myself sitting on an extra $10,000,
and after thinking it over for quite some time, I decided to put $2,000 into gold and just blow the rest on whatever nonsense I felt like—which isn't really a crime...
As it stands now, that $2,000 has grown to about $2,200 or $2,300. If I had dumped the full $10,000 into it, I’d probably be looking at $11,000 or $12,000 right now, which would have given me even more money to waste on useless things.
But honestly, I am perfectly content with how things turned out.
The idea is to buy gold using money you already have on hand, but money that you don't actually need for your day-to-day life, or money you know you won't need anytime soon.
Forget about trying to play the market; you'll just end up getting burned, much like those people who lost everything in those big hedge funds and whatnot...
Your strategy should be to buy it, forget it exists, and then check back in maybe 10 or 15 years....
If you have the kind of extra capital where this makes sense, then by all means, buy some gold.
If you don't, then don't even bother.
