what would you do with $100,000?

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Permalink Reply by Doreen Cohanim C.Ht on May 28, 2008 at 10:44am

I'll need to sleep on it first :)

Doreen

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Permalink Reply by Molado on May 28, 2008 at 11:08am

hi doreen, that's good. ;) i like to sleep too.

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Permalink Reply by Erik Blazynski on May 29, 2008 at 7:01pm

I would buy shares of a gld and uso, these are a gold etf and an oil etf. As the dollar erodes on a daily basis this will hold it's buying power. They are printing more and more money every day and soon the dollar will be on par with pesos before they revalued the peso.

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Permalink Reply by Molado on May 30, 2008 at 9:00am

i know. i remember the gas price being at around $1.50 4 years ago. i also remember US dollar being almost 3 times stronger than canadian, now it's even weaker. but, i don't know if you want to invest in something that changes all the time. i don't know if you can handle the stress. ;) something unchanging... something unchanging that's related to hypnosis or its therapy, etc. :)

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Permalink Reply by Doreen Cohanim C.Ht on May 30, 2008 at 9:44am

Well, I slept on it and still need time, I got to tell you, It's not so easy to decide what to do, and how to do :)
Do you think Investing in gold is good inflation protection and if yes, why?

Doreen

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Permalink Reply by Erik Blazynski on May 30, 2008 at 9:56am

As the dollar devalues you have to get your money away from being tied to the american dollar. There are several forces that are pushing the dollar down. Historically gold has maintained it buying power. Think of it this way, if you use an ounce of gold to buy a suit and milk and groceries for a week, it maintains it's ability to buy that for you. However it takes a hell of a lot more dollars to buy that stuff now than ever before. So gold is really the standard while dollars move around in value.

To the person that only wants to invest in things that don't change.... That is not investing, and there is no such investment.

-Erik

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Permalink Reply by Doreen Cohanim C.Ht on May 30, 2008 at 9:58am

Thanks Erik,

If I was going to invest in gold, how would I do that, and where is the best place to start, If I don't have any knoladge what so ever?

Doreen

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Permalink Reply by Erik Blazynski on May 30, 2008 at 10:43am

I am not an investment advisor, I am just telling you what I would do and why. I am not telling you to buy gold or to not buy gold. There are global forces at play and anything can and will happen. (had to throw in the disclaimer) I own GLD which you can buy in any brokerage account. This is an ETF, or an exchange traded fund. So the managers of this fund actually take possession of the gold and hold it so that it can easily be traded like a mutual fund. I find this the easiest way to buy/sell gold. You can google any of these terms to learn more.

-Erik

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Permalink Reply by Molado on May 30, 2008 at 11:21am

hey doreen, if you want real gold delivered to you, you can use http://apmex.com/ for gold stuff. i bought some when they were just around $500. now it's about $900. ;)

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Permalink Reply by Doreen Cohanim C.Ht on May 30, 2008 at 11:54am

I do want the real Gold :) but how do I know which one to buy, I see coins, and do I keep it in a safe until something happens?
as you can see have no idea how investmants works lol
but learning... 900 is not so bad, but maybe I should wait until it is $250? :)
or $2500 lol...
Thanks Doreen

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Permalink Reply by Molado on May 30, 2008 at 7:25pm

well, personally i like Credit Suisse 1oz Gold Bars. they are cute and versatile. of course, keep them in your bank. that way you will be lazy enough to go the bank. ;) if you want to sell them, you can contact where you bought them from or sell locally even. in my opinion, gold is more stable than real estate since it has more global use.

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Permalink Reply by Doreen Cohanim C.Ht on May 30, 2008 at 7:47pm

I have no idea which one is the credit suisse 1oz?
can yo direct me to the link?
What is the Wholesale Lots (Gold) means? is it a large quantity?

Thanks Doreen

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