Comments on: Cashing Out CDs & Investing in Gold! http://www.bankaholic.com/cashing-out-cds-investing-in-gold/ Compare the Best CD (Certificate of Deposit) Rates, Highest Money Market Rates, Best Savings Accounts, Bank Deals, Interest Rates and Bank Reviews! Fri, 20 Nov 2009 16:50:23 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: ounce of gold http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-147397 ounce of gold Tue, 02 Dec 2008 17:22:59 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-147397 Gold has been a prime commodity since time immemorial. Its price today reflects how much this precious metal has been a valuable part of society's economics, and it will continue to do so for generations upon generations. Gold has been a prime commodity since time immemorial. Its price today reflects how much this precious metal has been a valuable part of society’s economics, and it will continue to do so for generations upon generations.

]]> By: Ernesto Icogo http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-123555 Ernesto Icogo Thu, 07 Aug 2008 08:53:57 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-123555 Comment on subprime difficulty related to stimulus fund: Tax should be used to provide solution to subprime mortgage in bailout of distressed company, while, the solution to turnaround possesses no assurance, the wealth of a nation amply depends on its national savings rate and the ability of the nation to protect their depositor's savings. Other source of fund, will simply, look at interest rate, as the basis of capital raising. There should be emphasis on national savings to sustain an economy. Comment on subprime difficulty related to stimulus fund:

Tax should be used to provide solution to subprime mortgage in bailout of distressed company, while, the solution to turnaround possesses no assurance, the wealth of a nation amply depends on its national savings rate and the ability of the nation to protect their depositor’s savings.

Other source of fund, will simply, look at interest rate, as the basis of capital raising. There should be emphasis on national savings to sustain an economy.

]]> By: Bill Grahmn http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-116643 Bill Grahmn Tue, 01 Jul 2008 11:36:00 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-116643 Dude you are nuts you bought for 970 now its at 930. Bummer glad I didn't take your advise. Dude you are nuts you bought for 970 now its at 930.
Bummer glad I didn’t take your advise.

]]> By: Ernesto Icogo http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-99981 Ernesto Icogo Mon, 17 Mar 2008 10:33:52 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-99981 Answer to Allen's Question: Most, if not all nations use the gold standard and there is no definite length of time the gold standard stands to be the foreign exchange basis of a country. GOLD is needed to hedge the currency of a nation. Depending upon the gold reserve and the strength of the currency is the nation's economic well-being. Answer to Allen’s Question:

Most, if not all nations use the gold standard and there is no definite length of time the gold standard stands to be the foreign exchange basis of a country. GOLD is needed to hedge the currency of a nation. Depending upon the gold reserve and the strength of the currency is the nation’s economic well-being.

]]> By: NBB http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-99101 NBB Sun, 09 Mar 2008 09:50:21 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-99101 I haven't invested in anything before... how do I get started on investing on silver stocks/mutual funds or whatnot? Thanks. This is a good site. I haven’t invested in anything before… how do I get started on investing on silver stocks/mutual funds or whatnot? Thanks. This is a good site.

]]> By: Bankaholic.com http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-99051 Bankaholic.com Sat, 08 Mar 2008 20:01:53 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-99051 Chris, Yes silver is expected to rise to $35+. Silver usually lags gold prices by a few months. Chris,
Yes silver is expected to rise to $35+. Silver usually lags gold prices by a few months.

]]> By: Bankaholic.com http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-99050 Bankaholic.com Sat, 08 Mar 2008 20:01:18 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-99050 Darn, I got hit really hard on platinum today. Darn, I got hit really hard on platinum today.

]]> By: Chris Fleming http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98926 Chris Fleming Fri, 07 Mar 2008 17:41:27 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98926 Gold is very good. I would check into silver as well. May make you more money than gold! Gold is very good. I would check into silver as well. May make you more money than gold!

]]> By: debpun http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98703 debpun Wed, 05 Mar 2008 23:34:01 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98703 good article and video, I think I'm going to buy some gold. good article and video, I think I’m going to buy some gold.

]]> By: Mactek http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98592 Mactek Wed, 05 Mar 2008 03:45:32 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98592 Don't buy Gold bars off Ebay. That stuff is overpriced. You can find a lot of reputable bullion dealers that will give you closer to the spot price. Do your research. Keep your single purchases under $10,000 so it is not reported. Don't bet the farm on gold just yet. Start with 5% of your portfolio. Today was a good buying opportunity because of some selloff. I expect prices to continue creeping upward. I'm nervous about ETFs right now. They are quick and easy, but with the doom and gloom of a dollar collapse, ETFs do hold risk. You don't own any true asset. I like physical gold. If it can break your foot, then you really own it. The problem with 3rd party bullion pools and out-of-country storage facilities is the counterparty risk. What can you do if you get screwed? ...Not much. Also, do they really have a 1-to-1 relationship with your gold. it would be a leap of faith for me right now. However, I have been looking at GoldMoney.com. Don’t buy Gold bars off Ebay. That stuff is overpriced. You can find a lot of reputable bullion dealers that will give you closer to the spot price. Do your research.

Keep your single purchases under $10,000 so it is not reported.

Don’t bet the farm on gold just yet. Start with 5% of your portfolio. Today was a good buying opportunity because of some selloff. I expect prices to continue creeping upward.

I’m nervous about ETFs right now. They are quick and easy, but with the doom and gloom of a dollar collapse, ETFs do hold risk. You don’t own any true asset. I like physical gold. If it can break your foot, then you really own it.

The problem with 3rd party bullion pools and out-of-country storage facilities is the counterparty risk. What can you do if you get screwed? …Not much. Also, do they really have a 1-to-1 relationship with your gold. it would be a leap of faith for me right now. However, I have been looking at GoldMoney.com.

]]> By: cyrus http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98458 cyrus Tue, 04 Mar 2008 07:09:11 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98458 where or how do you sell the gold when you dont want it anymore? where or how do you sell the gold when you dont want it anymore?

]]> By: Bankaholic.com http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98444 Bankaholic.com Tue, 04 Mar 2008 04:19:15 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98444 Buy 3kgs of gold and stash it under your mattress! Buy 3kgs of gold and stash it under your mattress!

]]> By: Laurie T. http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98406 Laurie T. Mon, 03 Mar 2008 21:12:13 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98406 A friend has $100,000 maturing in a CD and wants to invest in something. Any ideas? He'd be thrilled to make 8-10%. A friend has $100,000 maturing in a CD and wants to invest in something. Any ideas? He’d be thrilled to make 8-10%.

]]> By: Linda Lock http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98385 Linda Lock Mon, 03 Mar 2008 16:06:10 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98385 I am thinking the opposite to possibly take advantage of short selling. $970 is quite high for gold and it may go down to certain much lower price and back up again. If I short sell now, I can buy it back any time it goes down - of course for speculating gain, not for long-term investment. What do you think? Which simbol of gold stock or ETF can I short sell? Pls advise. I am thinking the opposite to possibly take advantage of short selling. $970 is quite high for gold and it may go down to certain much lower price and back up again. If I short sell now, I can buy it back any time it goes down – of course for speculating gain, not for long-term investment. What do you think? Which simbol of gold stock or ETF can I short sell? Pls advise.

]]> By: Bill Williams http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98285 Bill Williams Mon, 03 Mar 2008 01:08:54 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98285 Why don't we organize all the savers in the country and march on Washington to protest how this government is stealing our savings with their contrived inflation!!!!!!! Why don’t we organize all the savers in the country and march on Washington to protest how this government is stealing our savings with their contrived inflation!!!!!!!

]]> By: Bankaholic.com http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98282 Bankaholic.com Mon, 03 Mar 2008 00:55:20 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98282 O.T. The IRS requires you to report the sale and pay taxes, but it's very hard to enforce. O.T.

The IRS requires you to report the sale and pay taxes, but it’s very hard to enforce.

]]> By: Hana Hawaii http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98278 Hana Hawaii Mon, 03 Mar 2008 00:29:39 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98278 In my 401k, I started investing into a Oppenheimer Gold Fund as well. Hope this fund grows... Yes, at the same time I stopped putting my money into CDs. Last year, I was shopping online CDs a lot. But since the interest is so low and CD requres us effort to remeber its maturity if you have many laddered CDs, I don't see any point doing that now. Thanks to this blog, I am always learning something! In my 401k, I started investing into a Oppenheimer Gold Fund as well.
Hope this fund grows…
Yes, at the same time I stopped putting my money into CDs. Last year, I was shopping online CDs a lot. But since the interest is so low and CD requres us effort to remeber its maturity if you have many laddered CDs, I don’t see any point doing that now.

Thanks to this blog, I am always learning something!

]]> By: o.t. http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98265 o.t. Sun, 02 Mar 2008 22:17:39 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98265 if you buy and sell on ebay do u have to pay taxes? if you buy and sell on ebay do u have to pay taxes?

]]> By: A.G.D http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98253 A.G.D Sun, 02 Mar 2008 19:42:42 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98253 As someone who bought gold (and silver), since 2002, I sure do agree with you. :o)) Few points: 1. No country is using gold standatd this days, they all use printers to print fiat money backs by ???? 2. I bought many coins and bars on ebay, but watch out for scammers, if you can't tell a fake, there are many good on-line dealers that will get you a fair deal. 3. Thanks for a great site. As someone who bought gold (and silver), since 2002, I sure do agree with you. :o ))
Few points:
1. No country is using gold standatd this days, they all use printers to print fiat money backs by ????

2. I bought many coins and bars on ebay, but watch out for scammers, if you can’t tell a fake, there are many good on-line dealers that will get you a fair deal.

3. Thanks for a great site.

]]> By: Bankaholic.com http://www.bankaholic.com/cashing-out-cds-investing-in-gold/comment-page-1/#comment-98251 Bankaholic.com Sun, 02 Mar 2008 19:31:47 +0000 http://www.bankaholic.com/2008/cashing-out-cds-investing-in-gold/#comment-98251 Bill, Yes, Platinum will be the focus of the next article. =) Bill,
Yes, Platinum will be the focus of the next article. =)

]]>