Are black people/Rappers/Athletes NOT wasting money on gold/silver chains, jewelery?

[One_Tycoon]

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.

[CHOWWOKKA]

The value of gold rises, it's an investment.

[Stop]

Is this why women love jewelry so much?

[One_Tycoon]

Poll added.

[dough401]

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.

[-Hyperion-]

warren sapp loses his bling....you tell me

[BrotherDudeJack]

Awesome thread.. never thought of Mr. T as an excellent investor before.

[dough401]

Awesome thread.. never thought of Mr. T as an excellent investor before.

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.

[One_Tycoon]

Awesome thread.. never thought of Mr. T as an excellent investor before.

Who needs Europac Capital with all that bling.

[NearHypnos]

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