I want borrow money from the bank to buy gold is it the best way to do that during world recession?

March 13th, 2010

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  • personally i think that you should just save your money. If a recession happens no one is going to have money to buy gold. You should save your money incase of an emergency. What if one day your car breaks down or something like that happens- you will have money on the side instead of having gold.

    Hope my advices helps you.


  • The best thing to do is forget about US banks completely! Block them out of your mind because all they want to do is take your money that they created out of nothing. Seriously its a know fact in the banking industry that banks create money out of nothing & the interest that you pay is on money that never existed in the 1st place. Read the book:
    The Creature From Jekyll Island. It teaches you how to do what bank do. Create actual money from out of nothing. By nothing I mean a small amount of money. As an example I invested $25 6 months in a micro trade based program that lasted 12 days. Since my 1st $25 investment I have turned that into a $12k a month, tax free income & that is just w/ one program. So basicly what I did was use the 80/20 rule, which is reinvest 80% cash out 20%.
    If I ever lose the 80% that I reinvested. I don't care & I take it as a loss. Why? Because it was free. The 20% which I cashed out is my intial spend + a little profit.
    Right at this moment as I type this, my investments are making me 122%-165% every 14-15 days & on some accounts I get paid daily. Below I added some of the sites I am a current investing member of & my own investing site that just opened about 10 days ago. Since I own my own site now, I know whats hot & whats not days to weeks before the public knows. Which is great for my clients, would you not agree?
    Also the sites below all have LOW starting investments some at just $6.00 I feel it is always good to start low, so you can get a feel for the market. It is what we call in the industry, a test spend.

    My site is http://www.32z11Lodge.zzn.com
    While my own site is not as flashy as the others, we do get the job done & we feel that is all that matters.

    I also have a paypal money market account. I think I'm earning 2.4% per year which is garbage, but it is still tax free interest in my pocket. Every little bit help.
    https://www.paypal.com/us/mrb/pal=E85E6X...

    (while it is not publicly advertised yet, this site:
    http://www.megalido.com/?ref=4608
    will start offering a new plan of 4% for 36 days. I am already in the 12% for 12 day plan which means I will make 207% on my investment!!)

    Also when you do invest always use the popular 80/20 rule. What you do is invest 80% of your profit & cash out 20%

    One thing you should know ahead of time. Making small test spend investments are great & you can use you bank to transfer the deposits into, but when you become a whale like myself, I would highly suggest that you open up an offshore bank account in a safe banking haven not attached to the FED. I personally use Barclays Bank in South Africa.

    If anyone has any questions about this I can be reached at:
    mohawkinvestments@hushmail.com


    Now back to the gold. I do buy gold as well, but unlike your typical gold buyer I refine & bar my own gold. Why? Because when i refine I can get my gold to higher purity that 24k or .999 It comes out to .999.95 pure which makes me a premium on top of the pure gold price.

    Now here is the kicker, which makes me laugh. I do this all, the gold part out my parents garage.


  • Go Turkey, there is %20 interest rate in banks (per year). This is great income. (By the way, inflation is %11)


  • I agree. Just save it. Gold is not a liquid asset.


  • i would not do it if i were you.
    the gold is now 700++ the highest is 1000++(ridiculously high, too overbought),.
    how long do you want to hold the position for gold?

    assuming you have a long period of 5-10 years even 15 is the best.(which is the most recommended).

    if gold hits 1400, you will only double your $$.

    why not go for cheap stocks like citigroup(and of course many more) which is now trading below $4.00?
    the highest for citigroup was more than $50.

    conservatively speaking, which one makes sense for you?
    for gold to go from 700 to 1400 or citigroup to go from 3 to 7(or even more?

    the choice is yours.

    investing is a game of probablity.
    you will have to calculate your risk/reward ratio and percentage of win.

    i am not god and could not predict the future.
    gold might hit 2100, i dont know.
    but i think that the probablity is very very low in these coming 5 yrs.

    many people will not agree if you are lending $$ to do investing.
    if you want to be aggresive, it is ok but you have to be 200% careful.
    you will have a loan to feed every month regardless of you win/lose.

    And one last thing, the investment you are in must outbid the bank interest rate since you are leveraging on the bank.
    so, if the bank charge you 15% p.a., you will have to make at least that amount to break even

    good luck


  • I believe you definitely should not take out a loan to buy gold. You will need to constantly repay the principle on that loan as well as interest. Most likely those payments will be much higher than any return that you get from gold. Save your money. If you want to take out a loan to invest in something consider starting your own business, purchasing investment real estate, or even stocks (though I don't recommend that). The return on any of those will most likely be much greater than gold.


  • No... you'll end up paying back more money to the bank than you originally took out, and if the price of gold crashes while still paying off the loan, you'll be up a creak without a paddle.

    Now's more a time to be a stockmarket vulture..... buy up companies while they're down & dying....... but still kicking & big enough to bounce back in the future ( 5 - 20yrs).


  • Have you seen the gold chart recently; trend, trend, trend.


  • Borrowing money to buy a commodity is the worst decision you could possibly make







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