Yea, and I made a KILLING when AIG bounced back, but we're not talking about any of that, we're talking about gold. We're talking about people laughing at him about buying gold.

Call it a guess, but if this freaky looking dude is smart enough to see such a gold spike coming and have the cash to spend that much on it, there is a good chance he is a serious market player to begin with and is quite diversified. I'd be surprised if he wasn't. Normal Joe types don't spend $400k on gold. They also don't put horrid tattoos on their body either, but I guess that's up for debate.

Bump for Cool Ice looking for this thread. I should have stocked up when you said to.

Being a Coin Dealer for many many years I've been telling people, since 1965, to put up gold. Many procrastinated and always said, "Well I'll buy some when the price drops" and this has been going on for years with many of my friends.

Personally I have over 300 ounces, some I bought at under $100 per ounce way back when.

I am presently working on SILVER. Very underpriced in todays market in my opinion. My goal now is 25K ounces or more over then next year or so. :thumbsup

Imagine how much money you could've made if you invested in practically ANYTHING ELSE but Gold since 1965.

"According to Wharton professor Jeremy Siegel, a dollar invested in gold in 1802 was worth $1.62 by 2005. Treasury bills during that time turned a dollar into $293 and stocks turned it into more than $666,000. Since 2005, gold has run up and stocks have plunged, but that has merely put the result closer, not close: something like $2.80 for gold and $420,000 for stocks."

http://www.smartmoney.com/investing/...ay-investment/

+1... if you invested in stocks over past 5-10 years you'd make ALOT more money then investing in gold...

just shut up and stop posting

I see what you're trying to say but it doesn't apply. It's not about when you started, its about when you got in, got out, got in, and then got back out.

Or you lost it all if you didn't know what you're doing, as most people don't.

Hey, if I would have been an astronaut instead of a pornographer, I'd be famous. This is essentially what you're saying. Those who buy and sell gold properly, make money. Those who gamble in the stock market, gamble.

the haters on this old thread are hilarious. Its over a year later, and this guy made some nice profits on his gold, despite all the shit talking he took, and I took around the same time when I was buying silver from people that really don't know what they are talking about.

Silver is at 18/oz today, normally it is around 10/oz. I expect it do what it does and fluctuate as ive seen....but if something happens, ill have shit to barter with. BTW 1-2 oz of silver goes into every laptop produced and most of the silver mined today is used industrially. Hyperinflation happens, and no one is too big or too smart to fail.

buying gold is the best you can do right no . but don't forget to look into silver. it has going up for some time. very good investment. And no i don't make this up it has been said so by those that know all about it, and they have bought it them self/ Only buy it like a year back is better than buying it now. But the more who buy the better the price.

I am lucky i started early only i don't have that much.

I am heavily invested in wicker futures.


.

I think the USA is going to see hyperinflation.

Gold has intrinsic value in that..
It is rare.
It takes time, effort, research to find, dig it up, and refine it. Paper money.. well it's
been proven any slack jaw retard can get a printer and pass off some 50's.
Gold is not an investment. Its insurance. It has stood the test of time of hundreds if not thousands of economic and empire implosions. What you own in gold, will buy you what
it will in 100, 200 years. No different than gold buying the same amount of goods and services as it did 1000 years ago.
If your REALLY think the .gov is looking out for your best interest.. just ask the Koreans how they're doing after their currency revaluation. Or study the many books on hyper inflationary collapses.. ( http://mises.org/resources/4016 ) to see how well .gov does.
Not one, fiat currency has survived. And yes, if it was truly Armageddon, there are more
important things to worry about. But its not. Yes, I'd highly recommend food and guns before gold. I'd also throw in silver, brass, gas and grass. Brass and gas are primary trade items.

Preserve what you have. Don't let .gov steal it from you via inflation, confiscation.

edit: currently, gold and silver could be considered an investment. This is because the massive short plays suppressing true prices for so long. That coupled with tungsten bars skew the supply on the high side. So in fact, gold is under valued.

P.s. You don't hold it. You don't own it!

300k worth of gold. Wow, you are rich, Mr. Cool Ice.

This being gfy of course and not saying it is always true but what kind of evidence is there that the OP even bought that much gold. Was it actual gold or the paper kind? If it was actual where did he store it, where did he even buy it (since even if I wanted I would have a fucking hard time even buying half that amount locally and we mine it here), did he take any photos of his piles of gold? If it was paper, what about just some scans saying how much he owns with a purchase date. Of course this could still all be proven assuming he has not sold yet like it appears going from what he has said.

I just know that if anyone else claimed that they even did say 100k plus in sales to some program there would be 10 pages of people demanding proof, screenshots, and the like. Nobody would just take it at face value. Hell it happened when that one guy did the AFF bonus period.

He very well may be 100% truthful and hell I hope he is. On the flip side many comment on his avatar and how stupid that was of him to do, and most of us know that is just another random photo - I just have not seem him correct anyone on that element yet.

What makes it extra special is anyone with that sort of bankroll could be buying gold, silver, platinum at 35-40 cents on the dollar for the past year and even still. Just takes a small bit of advertising, some cheap equipment, few rent a cops, and of course booking a hotel banquet hall in assorted towns local to you until you have your fill of it. These people still would be buying it at or near last years prices and one would wonder if he did so damn well playing full risk, why has he not taken his bankroll and gone this route which would easily double or triple up in weeks.

Then again he could of just got it all right. Taxes will be a bitch but hey we had tons of people claiming the same things daily with everything from oil, energy, to forex.

can you imagine about fifteen small yellowish bricks? hehe

http://img2.pict.com/6d/1d/83/214988...ullionbars.jpg


http://img2.pict.com/aa/26/41/2149883/0/goldmac2.jpg

How did this all work out for the people who said he was an idiot?

Oddly, it's the same people saying the same things in new threads. Looks like they know what's up. ;-)

The Swiss Franc isn't backed by gold anymore I think....

Gold went almost 100% in 3 years, so mrcoolice, have million in pocket now if he did not sold it earlier...

I like that sister golder hair!

I bought a ton of gold 3 years ago. Best thing I ever did ... and despite all the know-it-alls telling me i was crazy.

http://en.wikipedia.org/wiki/Swiss_franc

The Swiss franc has historically been considered a safe-haven currency with virtually zero inflation and a legal requirement that a minimum of 40% be backed by gold reserves.[9] However, this link to gold, which dates from the 1920s, was terminated on 1 May 2000 following a referendum.[10] By March 2005, following a gold selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves which equated to 20% of its assets.[11]

Virtual gold has been... Mallicked long ago :)

I have a fat bracelet worth $3,000. I´m all set :)

Wow, a ton? I had no idea you were such a baller :winkwink:

.

It's never crazy to invest. What is crazy is putting all your eggs in one basket with anything. I know almost nothing about investing but this much I do know.

congrats on your score.

Gold is gold:)

That was a very good investment.

nice thread bump, looks like he made a VERY nice profit

Even if things collapse, they take a days and perhaps weeks. The gold is useful to get out, and get to a safe place, whatever that may be. More than you can carry probably won't help though.