if i contributed all my excess cash from 2001 to today in an RRSP (canadian 401k) i would have 50,000 by now. If i did it all with gold and silver i would have had over 200k by now...
@WarrivarNeo LOL I'd rather invest in a 24k (karat) than a 401k plan! However, it is also good for investors to educate themselves just like paper bulls do. Gold is considered a "dumb" investment according to Mike Maloney because it requires very little knowledge. For the uneducated investor, it is best to go precious metals. When we inform ourselves more deeply, it might be wise to consider diversifying into paper assets.
if i contributed all my excess cash from 2001 to today in an RRSP (canadian 401k) i would have 50,000 by now. If i did it all with gold and silver i would have had over 200k by now...
WarrivarNeo 1 month ago
@WarrivarNeo LOL I'd rather invest in a 24k (karat) than a 401k plan! However, it is also good for investors to educate themselves just like paper bulls do. Gold is considered a "dumb" investment according to Mike Maloney because it requires very little knowledge. For the uneducated investor, it is best to go precious metals. When we inform ourselves more deeply, it might be wise to consider diversifying into paper assets.
MONOPOLY35 2 weeks ago