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.

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

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.

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.

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

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

FFS

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.

spend a couple hundred on grammar lessons, spend the rest on silver

Last Edited by in5d on 08/10/2012 12:39 AM

you be a fool to go in debt epecially with them

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.

Don't take the loan. Be debt free.

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!!

silver is not rare, it is in abundance across the earth. the price will not go above $50 anytime soon

Silver price has gone up 26% in 24 hours in 2011.

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.

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.

Dollar is King. Stay all cash and be the winner in the end.

Boxs of Nickels !

this

dont go into debt to buy gold and silver

beside the next growth item is going to be food

[link to www.survivalblog.com]

HAHAHAHAHA. Right, ask the retard GLP community what to do with your money. You fucking dimwit.

now i know your an idiot

so whats your suggestion ?

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.

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.

That is a lot of interest. Holy cow. That's like a decent return on a hedge fund.

gold or silver isnt gonna save you.

Buy brass and lead... preferably with a powder charge behind it and a primer.