DREW BREES SUES OVER $8 MILLION RING

The Dude · 04-03-2018, 02:22 PM

Well if Brees just took the guys word that it would go up in value then it’s on him. No investments aren’t guaranteed to make you money. Especially a commodity like gold. The gold market did go up for a while then started to go down. If it was an investment he should have cashed out when he saw the prices start to drop.

dam1953 · 04-03-2018, 03:38 PM

Originally Posted by The Dude

Well if Brees just took the guys word that it would go up in value then it’s on him. No investments aren’t guaranteed to make you money. Especially a commodity like gold. The gold market did go up for a while then started to go down. If it was an investment he should have cashed out when he saw the prices start to drop.

The problem is he didn’t invest in gold, he invested in jewelry which is a little bit of precious metal, a piece of carbon that is in excess in a munipulated market, put together with artistic flare. How can you value and artists work. Take any painting that wasn’t created by a dead master and there a good bet the value will drop. I really thought Brees was smarter than this.

04-03-2018, 02:22 PM	#1
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,060	Re: DREW BREES SUES OVER $8 MILLION RING Well if Brees just took the guys word that it would go up in value then it’s on him. No investments aren’t guaranteed to make you money. Especially a commodity like gold. The gold market did go up for a while then started to go down. If it was an investment he should have cashed out when he saw the prices start to drop.
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,060

04-03-2018, 03:38 PM	#2
dam1953 1000 Posts + Join Date: Jan 2012 Location: SW Ohio Posts: 4,645	Re: DREW BREES SUES OVER $8 MILLION RING Originally Posted by The Dude Well if Brees just took the guys word that it would go up in value then it’s on him. No investments aren’t guaranteed to make you money. Especially a commodity like gold. The gold market did go up for a while then started to go down. If it was an investment he should have cashed out when he saw the prices start to drop. The problem is he didn’t invest in gold, he invested in jewelry which is a little bit of precious metal, a piece of carbon that is in excess in a munipulated market, put together with artistic flare. How can you value and artists work. Take any painting that wasn’t created by a dead master and there a good bet the value will drop. I really thought Brees was smarter than this.

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