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I Getting $20,000 Personal Loan. Should I buy Gold & Silver?

 
GrassWater
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User ID: 8510869
Germany
08/10/2012 12:19 AM
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I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
I am getting personal loan of $20,000 from HSBC bank because of my good standing reputation. I have told them I will buy gold and silver. Interest rate is 10% to 17% for 1 to 5 years.

Should I buy Gold & Silver?
GrassFish
stillhere

User ID: 16315970
United States
08/10/2012 12:21 AM

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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
The best advice would be Don't Go Into Debt.

Gold and Silver are manipulated--it is a gamble--could lose and still be in debt--don't chase the Easy money. You will very likely get burned.
"You can bend it and twist it... You can misuse and abuse it... But even God cannot change the Truth.”
Michael Levy
spiritfilled111

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08/10/2012 12:22 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
I am getting personal loan of $20,000 from HSBC bank because of my good standing reputation. I have told them I will buy gold and silver. Interest rate is 10% to 17% for 1 to 5 years.

Should I buy Gold & Silver?
 Quoting: GrassWater


I tried that, but silver with debt money, then natural gas, etc. but the problem is, it is too hard to sell at the right time. too easy to get greedy and hold on. so now i'm in debt working 55 hours a week to pay it off
:seal::seal:
Anonymous Coward
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Russian Federation
08/10/2012 12:26 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Silver is at $28 now. It's not like buying at 50 and having it drop like it did last year. Silver seems to be holding steady now with most expecting it to rise. Silver really took off when the Fed did the QE programs, so be on the look out for QE3 to send silver up again. Precious metals rise when the value of the dollar falls.
Anonymous Coward
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Canada
08/10/2012 12:27 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
You can't eat Gold or Silver. Barter and trade coming to a continent near you. Food will be the next currency of choice. Your going to look really funny sitting on your metals when your starving to death. I'll have food and won't take your precious metals and give you any cause I can't eat it either.
GrassWater (OP)

User ID: 8510869
Germany
08/10/2012 12:29 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
My target price for Silver is $80/ounce by December 2012. Gold is understanable.

My priority is to pay back the loan within 1 year so that I get 10% interest rate.

Thousands of people do that every day with NEW car loans( you lose 10% driving it off the lot) investing with borrowed money can be a benefit if done correctly
GrassFish
mr_brightside74

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United States
08/10/2012 12:30 AM

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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Wtf are you thinking? You trade fiat that you own for PM. You don't buy into PM with debt. The better option is to not take the loan bonehead
Mr. Brightside
cheney
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United States
08/10/2012 12:35 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
FFS
Anonymous Coward
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United States
08/10/2012 12:36 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
If you need a load tn buy gold and silver, then you shouldn't be investing. Dumb shit.

The interest you pay on the loan will outweigh the benefits of investing in gold. And you're buying HIGH at the moment.

No point in doing this other than to take pictures of you and your "gold" and to show it off on GLP. Such a douche move on your part.
in5d

User ID: 1509000
United States
08/10/2012 12:39 AM

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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
spend a couple hundred on grammar lessons, spend the rest on silver

Last Edited by in5d on 08/10/2012 12:39 AM
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Anonymous Coward
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United States
08/10/2012 12:40 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
I am getting personal loan of $20,000 from HSBC bank because of my good standing reputation. I have told them I will buy gold and silver. Interest rate is 10% to 17% for 1 to 5 years.

Should I buy Gold & Silver?
 Quoting: GrassWater


you be a fool to go in debt epecially with them
Anonymous Coward
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United States
08/10/2012 12:41 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Better buy food. After the elections we are going to hit skid row. Your precious metals won't be worth scant. Don't worry, you won't have to pay it back. We will be that effed.
Yogi2493

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United States
08/10/2012 12:46 AM

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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Don't take the loan. Be debt free.
Yogi2493
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08/10/2012 12:54 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
My target price for Silver is $80/ounce by December 2012. Gold is understanable.

My priority is to pay back the loan within 1 year so that I get 10% interest rate.

Thousands of people do that every day with NEW car loans( you lose 10% driving it off the lot) investing with borrowed money can be a benefit if done correctly
 Quoting: GrassWater


You are off your rocker if you think silver will hit $80 by years end. I actually believe we'll see a pull back in commodity prices through the election. Keep in mind everything is manipulated and TPTB want Obama back in office. That means they'll do what they can to show stability. Look for silver to stay below the $30 mark this year and slowly inch up through next. We could even see a correction of silver back below $20 by years end. Be wise with your money and find something you can buy and make a profit. Learn a new trade. America is a consumer nation, so buy something that someone else wants and sell it to them....for a profit!!
spiritfilled111

User ID: 20151172
Canada
08/10/2012 12:59 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
My target price for Silver is $80/ounce by December 2012. Gold is understanable.

My priority is to pay back the loan within 1 year so that I get 10% interest rate.

Thousands of people do that every day with NEW car loans( you lose 10% driving it off the lot) investing with borrowed money can be a benefit if done correctly
 Quoting: GrassWater


silver is not rare, it is in abundance across the earth. the price will not go above $50 anytime soon
:seal::seal:
GrassWater (OP)

User ID: 1105398
Canada
08/10/2012 07:35 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Silver price has gone up 26% in 24 hours in 2011.
GrassFish
Huxter
User ID: 1247979
United Kingdom
08/10/2012 08:11 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
In the early 1960's I read a book .... live in a small town, have a garden .... get OUT of debt ... if you have extra cash buy some gold .... have some cash on hand .... connect with nature ..... enjoy every day and be gratful that you are here.... then ... all will be well. If you don't have a place to live, find a nice big tree and camp on the warm side or in the hot weather camp on the cold side. Give thanks to the tree and enjoy each day.
Anonymous Coward
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United States
08/10/2012 08:16 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Forget the loan.Interest will eat up any profit.Silver and gold is only good if you can hold on to them.since you are having to borrow that must mean you dont have that much cash on hand to spare.IMO not wise to borrow just because you can.
Anonymous Coward
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United States
08/10/2012 08:17 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Dollar is King. Stay all cash and be the winner in the end.
Anonymous Coward
User ID: 16520024
United States
08/10/2012 08:20 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Boxs of Nickels !


banana2
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User ID: 21644858
United States
08/10/2012 08:21 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
The best advice would be Don't Go Into Debt.

Gold and Silver are manipulated--it is a gamble--could lose and still be in debt--don't chase the Easy money. You will very likely get burned.
 Quoting: stillhere


this

dont go into debt to buy gold and silver

beside the next growth item is going to be food
Anonymous Coward
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United States
08/10/2012 08:25 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Boxs of Nickels !


banana2
 Quoting: Anonymous Coward 16520024

[link to www.survivalblog.com]
Anonymous Coward
User ID: 21663263
Canada
08/10/2012 08:26 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
HAHAHAHAHA. Right, ask the retard GLP community what to do with your money. You fucking dimwit.
Anonymous Coward
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United States
08/10/2012 08:30 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
My target price for Silver is $80/ounce by December 2012. Gold is understanable.

My priority is to pay back the loan within 1 year so that I get 10% interest rate.

Thousands of people do that every day with NEW car loans( you lose 10% driving it off the lot) investing with borrowed money can be a benefit if done correctly
 Quoting: GrassWater


now i know your an idiot
Anonymous Coward
User ID: 16520024
United States
08/10/2012 08:35 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
HAHAHAHAHA. Right, ask the retard GLP community what to do with your money. You fucking dimwit.
 Quoting: Anonymous Coward 21663263


so whats your suggestion ?


tard
MultiStrada

User ID: 21418575
United States
08/10/2012 08:40 AM

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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Take the time to examine what this saying means.

The beatings will continue until morale improves.

There's a 4 letter word for it, debt.
Anonymous Coward
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United States
08/10/2012 08:52 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Be not a beggar or a lender be. Do not forget and stay out of debt. Think twice and take this good advice from me.
Don't become a worthless fucking ShEEEEEPPP.







hiding
Anonymous Coward
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Canada
08/10/2012 08:54 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
That is a lot of interest. Holy cow. That's like a decent return on a hedge fund.
Anonymous Coward
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United States
08/10/2012 08:56 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Wtf are you thinking? You trade fiat that you own for PM. You don't buy into PM with debt. The better option is to not take the loan bonehead
 Quoting: mr_brightside74
Anonymous Coward
User ID: 20500087
United States
08/10/2012 08:58 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
gold or silver isnt gonna save you.
TheBiss
Food Dude

User ID: 1501937
United States
08/10/2012 09:11 AM
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Re: I Getting $20,000 Personal Loan. Should I buy Gold & Silver?
Buy brass and lead... preferably with a powder charge behind it and a primer.
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