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View Poll Results: Are black people/Rappers/Athletes wasting money on gold/silver chains, jewelery?
Yes, they're going broke. A brother would put Golden rims on a toaster if you let him. 9 64.29%
No, they're being smart investors forseeing the imminent collapse of our fiat currency 5 35.71%
Voters: 14. You may not vote on this poll

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Old 04-06-2012, 10:28 PM #1
One_Tycoon One_Tycoon is offline
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Default Are black people/Rappers/Athletes NOT wasting money on gold/silver chains, jewelery?

It's often said that they waste money on jewelery, rims, golden watches, silver chains etc,. That they're being stupid with their rich money.

But aren't they just being "bearish" regarding our fiat money dollar which might collapse at some point soon, and being "bullish" by investing into tangible assets such as precious metals, gold, silver, platinum etc,. All while wearing and enjoying it at the same time. They're being market savvy.

Just challenging the conventional wisdom.

Last edited by One_Tycoon; 04-14-2012 at 05:40 PM.
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Old 04-06-2012, 10:50 PM #2
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The value of gold rises, it's an investment.
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Old 04-06-2012, 10:55 PM #3
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Is this why women love jewelry so much?
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Old 04-06-2012, 10:57 PM #4
One_Tycoon One_Tycoon is offline
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Poll added.
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Old 04-06-2012, 11:01 PM #5
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As sad as it is most low level guys spend more on that kind of stuff imo the guys who make the most have good people around them tend to handle there business a lot better but either way wouldn't mind having the kind of cash any of them have that's for sure.
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Old 04-06-2012, 11:05 PM #6
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warren sapp loses his bling....you tell me
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Old 04-06-2012, 11:08 PM #7
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Awesome thread.. never thought of Mr. T as an excellent investor before.

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Old 04-06-2012, 11:13 PM #8
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Quote:
Originally Posted by AL YANKAB*TCH View Post
Awesome thread.. never thought of Mr. T as an excellent investor before.

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LMAO gold was 200 an once if that when Mr T was ballin! either he is incredibly smart or dumb as **** like these other guys.
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Old 04-06-2012, 11:18 PM #9
One_Tycoon One_Tycoon is offline
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Originally Posted by AL YANKAB*TCH View Post
Awesome thread.. never thought of Mr. T as an excellent investor before.

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Who needs Europac Capital with all that bling.
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Old 04-06-2012, 11:23 PM #10
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I guess you could say they're unknowingly investing. They could probably have that money work for them better in the right hands, but hey...can't hate a guy for buying crap he couldn't even afford in his dreams prior to making it big. I wouldn't spend my money like that, that's for sure...I'm too cautious. If I ever came into big money I probably would just have a nice place, nicer car..and...that's it. Probably be home playing ps3 all day cuz I wouldn't want to piss the money away lol
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