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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  February 2017

  @ike11ike That is the smartest way to accumulate gold. Regular purchases over time. Good for you!

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• Goldmatters Posts: 4,068 Admin

  February 2017

  I love this

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• Goldmatters Posts: 4,068 Admin

  February 2017

  New Glossary term: APD-AGD

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• TauntFourstar Posts: 218 Bronze ✭✭✭

  February 2017

  Weekly deposits of $50 for me on my 1% cash back card, plus any additional i can afford. Trying to spread out my purchases.

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• Dinch Posts: 67 Copper ✭✭

  February 2017

  $2/day for me on my 2% travel card. Bump it up to $5/day sometimes for a bit to accelerate. Making regular deposits is the best way to do it!

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @Dinch yes this a great idea!

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldMatters APD-AGD haha. @Dinch I might have to mimic your strategy.

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  February 2017

  @ike11ike I have also been doing a daily deposit using the recurring deposit function as well. A little over 400 transactions on the platform now with 1 more on each passing day. Stacking / averaging in for the long haul. Also debating opening a wealth account for the purpose of holding some silver too.

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldIsCurrency I've also been considering a wealth account. What are the reasons you are weighing to make your decision?

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  Daily deposit setup!

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  February 2017

  @ike11ike Just trying to balance my funds. We all have out opinions so it is hard to say but my gut is telling me there will be a super cycle surge in both silver and gold not far down the road. The gold I hold is more so for wealth insurance as I expect a more rapid currency devaluation coming with economic headwinds all over the world. The silver would more so be a play to make some money. I see a lot of catalyst's surrounding silver.

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldIsCurrency We're on the exact same page. Have you read Rickards's books?

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  February 2017

  @ike11ike Yes I have read a few of his books. He is a legend. Anyone that reads his books has a good understanding of what money really is and it isn't these pieces of paper with numbers on it, anchored to nothing and backed by nothing but a promise. Events like what is going on in Venezuela should be a wake up call. Also BREXIT should have been a wake up call to many too. Currency devaluations happening in every currency over time, some more rapidly than others, like BREXIT was overnight. It doesn't take a rocket scientist to know owning gold is the way to go although most people don't understand that.

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017 edited February 2017

  @GoldIsCurrency When I talk to people about the risks to the USD stemming from 20 trillion dollars of debt, SDR threat to USD usage for global trade/the death of the petrodollar, inflation/interest rate increase risks - people look at me like I'm an idiot. Not even worth mentioning the blank stare I get when I try to share with them Rickards's insight on China's efforts to strengthen the yuan by selling USD to stem capital flight and the ensuing Chinese debt and liquidity crises.

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @ike11ike We have all experienced that here on the community I'm glad you showed up here!

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  February 2017

  @ike11ike I know the blank stare people give. Also the look like I am wearing a tin foil hat. Unfortunately majority of the world is programmed to think government issued paper is actually money. Most people also have been trained to think gold is an "investment" and don't view it as what it has been for 6000 years, MONEY. Not much I can do to help those people out. When the crunch comes they will wish they took the time to understand and be prepared as by then it will be too late for most.
  
  It reminds me an event quite some time back. My parents house was robbed when I was young and actually I walked in on it while it was happening, which is a whole other story. Once a person is robbed is when most look into getting a burglar alarm system. When my dad started calling around looking into an alarm system the question that came back from most installers. "So when were you robbed". My father found it ironic that most of these installers only ever got phone calls from people after the fact of being robbed. Unfortunately it will be very similar when a currency crisis does come into affect, people scrambling around trying to get out of fiat currency and into gold. Purpose of my comparison, most people will not find preventative action until the event happens. Congrats to yourself and all others that have found Goldmoney and are utilizing this platform.

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @GoldIsCurrency Good one GMH
  

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldIsCurrency @GoldMatters Is it bad that one of the reasons I want a wealth account is to get to superdupercool silver mastercard?

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @ike11ike not at all! I can justify it as an expensive physical redemption with marketing benefits !

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• GMONEY1 Posts: 426 Silver ✭✭✭✭

  February 2017

  ike11ike said:

  @GoldIsCurrency @GoldMatters Is it bad that one of the reasons I want a wealth account is to get to superdupercool silver mastercard?

  @ike11ike you're my new favorite GM avatar... not bad at all; I love their silver wealth setup too

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GMONEY1 Thanks! I pulled the trigger and opened a wealth account last night. Can't wait to flash that silver beauty.

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @ike11ike you're on fire!!

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldMatters @GMONEY1 OH IT'S FRIDAY...PAYDAY...APD-AGD

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @ike11ike you are famous!

  IMG_3041.PNG 201.1K

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldMatters WOO!

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldMatters Thanks for liking my twitter post about my new website!

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• Goldmatters Posts: 4,068 Admin

  February 2017

  @ike11ike if you want to add a "pay with goldmoney" button, contact me on twitter and I'll see if I can help you!

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• ike11ike Posts: 164 Bronze ✭✭✭

  February 2017

  @GoldMatters Haha I wish I could charge a subscription fee. Maybe someday!

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