Overstock.com Hoards Gold, Food for Next Major Catastrophe

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

Overstock.com Hoards Gold, Food for Next Major Catastrophe

Postby amalekidad » Tue Oct 27, 2015 5:07 pm

User avatar
amalekidad
Penny Collector Member
 
Posts: 389
Joined: Sun Aug 23, 2009 10:00 am
Location: TX

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby 68Camaro » Tue Oct 27, 2015 6:20 pm

Interesting even if the only thing people get from it is added credibility to the common stacker.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8254
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby silverstacker » Tue Oct 27, 2015 6:23 pm

They're getting into everything !

Good idea. The gold should be interesting

Thanks for sharing
“The Bitterness of Poor Quality Lingers Long after the Sweetness of Low Price is forgotten”
User avatar
silverstacker
Penny Hoarding Member
 
Posts: 761
Joined: Mon Jan 06, 2014 8:22 pm

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby agmoose » Tue Oct 27, 2015 6:52 pm

Thanks for sharing.......means the rest of us better keep up the pace. When relatively mainstream entities start publicizing what they are doing, sheeple will follow.
User avatar
agmoose
1000+ Penny Miser Member
 
Posts: 1206
Joined: Thu Sep 30, 2010 6:24 am

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby Cu Penny Hoarder » Tue Oct 27, 2015 9:20 pm

agmoose wrote:Thanks for sharing.......means the rest of us better keep up the pace. When relatively mainstream entities start publicizing what they are doing, sheeple will follow.


No worries. 95% of the sheeple are laughing at this. They will only take it serious after collapse happens.
Time is precious, stop wasting it.
Cu Penny Hoarder
Post Hoarder
 
Posts: 2242
Joined: Tue Sep 06, 2011 8:44 pm

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby neilgin1 » Wed Oct 28, 2015 2:27 pm

amalekidad wrote:At least one company thinks PM and food is important.
http://www.newsmax.com/Finance/StreetTalk/Overstock-com-gold-food-catastrophe/2015/10/27/id/699247/


he's a wise man......say what you want about the Mormons(and there's a LOT you can say) but they are wise.

Jewish tradition, rabbinical says the two greatest Gifts God can give a man are love, (agape, eros, phileo) and the gift of wisdom.
User avatar
neilgin1
Post Hoarder
 
Posts: 2559
Joined: Tue Nov 09, 2010 8:59 am

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby wheeler_dealer » Wed Oct 28, 2015 4:22 pm

From a business perspective it makes great sense. He can carry the costs of these goods as inventory. Sell at a profit, replace accordingly and even write off losses if necessary. Makes me want to buy some gold. Oh money find my hands. Extremely intelligent idea and great for employees moral.
wheeler_dealer
1000+ Penny Miser Member
 
Posts: 1041
Joined: Mon Mar 10, 2008 10:00 am
Location: Western New York

Re: Overstock.com Hoards Gold, Food for Next Major Catastrop

Postby Recyclersteve » Sun Jan 31, 2016 1:51 am

I have nothing against hoarding gold, but this particular executive has quite a reputation on Wall Street from what I've read. He's known for having temper tantrums and using colorful language that a sailor would be proud of. So it would mean a lot more if someone a bit more (ok a lot more) mainstream would say they are hoarding gold (or silver for that matter).
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4469
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 28 guests