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i just bought a 99yr old 22 long rifle single shot, and was wondering if anyone new how much it could be worth? i'm not sure if it still fires or not.
Additional Details
i don'... |
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 Do I have enough to invest? |
I have $10,000 in my savings account and I want to invest it. Is this a substantial amount to invest? Or should I keep it for a rainy day? Any advice?
Additional Details
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Stinkbug B | Buying gold to stop the loss of my savings, due to the Dollars decrease in value? |
Would it be wise or stupid to do that? |
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tammykhooper
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Commodities are even more of a risk than stocks so using them to fight inflation isn't a conservative answer to your problem.
US Savings Bond are not spectacular but they do have some anti-inflation protection under some conditions.
But my best financial suggestions for the future are to pay off all credit cards, and loans. Put the equivelant of at least 3 months pay in a liquid account. And store one years food and water incase of emergency such as a job loss. |
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Smartass
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I think it's wise, YES, it's at an all time high, but by all other considerations, there's good reason to believe hyperinflation and dollar devaluation can be worse than before (and reasonably gold will cost more)
If you can't afford gold, buy silver, or even copper, anything is better than paper money. Nothing protects better against inflation's robbery. |
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farfel
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wise, not stupid.
the us dollar has a long way down to go. china announced today that it is going to diversify out of its us dollar holdings. the pressure already put on the dollar with that announcement will only increase once china actually starts selling their us dollars.
gold is still cheap even at $850/oz. the 1980 spike of $850/oz. would be the equivalent today of about $2300, adjusted for inflation.
i would put 5-10% of my net worth into gold as my "wealth insurance", and forget about it. i would also do the same with silver. at $15-16/oz. silver is still cheap, and may have a lot more potential upside. |
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countryguyhfc
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Gold is near all time highs. In my opinion that means it is not a good time to buy gold. Though I am sure that the brokers trying to sell it are very enthusiastic about selling it to you. They do make a commission. As for the dollar going down compared to other currencies, this is good news bad news sort of thing. It means things we export are more affordable to those we export them to and our nations exports should go up, but things we import are going to be more expensive. So now is a good time to buy American. Ask the Canadian citizens if they are happy about the value of the loonie going up compared to the USD. They are not happy, especially those that are loosing their jobs because they now can not compete against US companies. See paper and wood products companies in particular. I can give you examples of saw mills and pulp and paper closings in Canada if you are interested. |
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man_marathon
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sell it before it is too late and put cash in safe deposit box |
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Chuck P
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You can buy into ABX, that is a stock for a company called Barrack, the are a gold, copper and other precious metal company, the can hedge our savings. |
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cyclerpro
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Buying gold is an excellent idea. The dollar is going to continue to drop and, if you have savings, those will inevitably be devalued. There are a number of options in addition to gold, one of which would be foreign currency. The Canadian dollar has now overtaken the US dollar - this is incredible. Due to energy prices, Canada's currency is only going to rise.
I have also included an interesting and humorous article about using gold. |
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