Will anyone regret not buying gold at $2,270 ?

[Emcm2]

I started buying gold when each of my kids wore born I bought an once a year for each one of them till they turned 18 and 2 oz when the Graduated both them capped out at 20oz if memory serves me right I started out at $350 an ounce in 1992

 

[Breakaway500]

 

[mojave30cal]

I'd like to pick up another oz. of gold. Waiting for a dip due to profit taking. To the moon.

 

[johngalt]

Great if you already bought, less great if you are looking to start!

 

[65-2x2]

No, I have not invested in gold or sliver. I don't like to play games where I have no control over the outcomes. It is like playing in poker game where you don't get to shuffle, deal, cut, watch the other players or see who takes the pot. Now I will invest in an old Smith and Wesson. When I go to the safe, the whole pistol will still be there. Does anyone know of a smoking deal on an old revolver?

I am retired and living on a modest and fixed income, inflation scares me more than the grim reaper. My life's savings is being whittled away dollar at the time by rising prices....I expect things to get worse before they get better. With a little luck I will die before going broke.

 

[65-2x2]

As far as I am concerned, buying gold or silver is like sitting down to a poker game where you don't get to see the other players, you don't get your turn to shuffle, cut the cards or deal, and you can't see the winning cards or who know won the pot. You play out of faith that everyone will treat you fairly and hope for a big pot. I do like a little poker, but not like that.

Now I will invest in an old gun. Everytime I go to the safe, the whole gun will be there.

Of course there may be a time when gold goes to ten thousand dollar and a loaf of bread could be $450.99 on sale! You have to think of it in terms of the cost of gold never changes, what changes is the value of the dollar.

 

[Rubone]

I'd far rather invest in good firearms and ammo than gold. In a SHTF situation everyone will be happy to trade for a good firearm, not so many for gold or silver.

 

[AJ]

Investing in firearms, especially nice shooting ones is a lot more fun that buying gold and silver!

 

[diyj98]

I have some silver just because I traded for it once and stuck it in the safe. I'd rather invest in the S&P 500 than precious metals, but I don't see anything wrong with putting a small portion of your investments in precious metals if that's what you enjoy. If I was a prepper, I'd rather have bottled water, canned foods, and ammunition than I would any gold or silver.

 

[Tazman11]

Don't rob this guy.

 

[ISCS Yoda]

Well, it reached way more than $3xxx.00, but what would I do with an ounce of three-thousand dollar gold? Or 50 ounces? I think my collection of lead is far more valuable and definitely more useful.

 

[ladder13]

No, but Apple, Amazon, Netflix, Monster Beverage, and Nvidia, YES

 

[65-2x2]

When I was in school, gold was $32.00 an oz. I have no idea why I remember that.

 

[Bald1]

When I was in grade school a candy bar was .25 + .02 tx. .27 cents out the door.

 

[AJ]

When I was in school, gold was $32.00 an oz. I have no idea why I remember that.

Same here! Back then my Grandfather would give us kids a silver dollar to buy sodas and candy bars with.

 

[65-2x2]

Same here! Back then my Grandfather would give us kids a silver dollar to buy sodas and candy bars with.

In my day a dollar would have bought enough candy to make the whole class sick. Some of the candy that I liked was two for a penny. A Hershey bar, four times the size of today's offerings were a nickel. The first Cokes I remember buying from a vending machine in my school took a nickel and a penny to despense a drink. You dropped the money into the two slots and pulled a big aluminum lever to dispense. There was a bar in my small town and they advertised cold beer $.05.

 

[offrdmania]

I regret buying gold at $1300 in 2018 and holding onto my Bitcoin which I bought in 2018 for under $10K each

 

[Tom S.]

Great if you already bought, less great if you are looking to start!

Maybe. I did buy, at less than $2k per ounce. Now the question is, should I sell and reap a handsome profit, or hold and hope it goes up more in value? Doubling one's money is awful tempting, but on the other hand, a friend of mine bought when gold was $700 and sold when it hit $1400.

 

[ISCS Yoda]

When I was in school, gold was $32.00 an oz. I have no idea why I remember that.

Actually, that was $35.00 an ounce.

For nearly 200 years, the price of gold was fixed under the gold standard. The gold standard linked the value of the United States dollar to the price of gold. This meant the government guaranteed that one ounce of gold would always be worth a fixed amount in U.S. dollars.

The $35 per ounce price was officially set in 1934 when President Franklin D. Roosevelt signed the Gold Reserve Act. This act changed the nominal price of gold from $20.67 per ounce to $35 per ounce.

There's more to the story if you're interested. See below.

I bought my first gold wedding ring for $15.00.

When was gold worth $35 an ounce? - Resto NYC

https://www.youtube.com/watch?v=GndldhZCljw

www.restonyc.com

© 2025 Resto NYC

 

[AJ]

In my day a dollar would have bought enough candy to make the whole class sick. Some of the candy that I liked was two for a penny. A Hershey bar, four times the size of today's offerings were a nickel. The first Cokes I remember buying from a vending machine in my school took a nickel and a penny to despense a drink. You dropped the money into the two slots and pulled a big aluminum lever to dispense. There was a bar in my small town and they advertised cold beer $.05.

I only ate Almond Joy's as a kid. Those were $0.10 in the mid 1950's. A 6,5 oz bottle of Coke was $0.05. There were five Grandkids at the time. Also he never asked for change. He owned a fruit packing house and had a Coke machine and a candy machine. He brought home a case of Coke every other day, I do not think anyone at his house ever drank anything but cokes. Unless it was Seagram's Seven.