I've been gone for a while but thought I'd stop by again with a question. If you were to rat hole some precious metals, mainly Gold. would you hold 20th,10th,1/4, 1/2 oz or just Oz's What do you think of the bars that break into grams?
Please don't give out if you do or how much you mite have,
If you cann't stand my spelling use the ingore feature.
After going through a divorce and seeing how a judge can pretty much wipe out your entire life's work with the stroke of a pen, I'll say yes I can see the value in having gold hidden that no one knows about. At least you could rebuild some of your life after being cleaned out and not be poverty stricken. Before seeing how the "system" works I'd have thought it paranoid, but after seeing it up close and personal I think anyone having all their assets in a position that's exposed to the legal system is foolish.
If I were buying it I'd probably pick the 1 oz. certified bars, they seem easiest to sell or trade.
I got a little raw that I dug out of some creek beds near here but it's just a expensive Hobby. It's much cheaper to buy the bullion then go pan or sluice for it here!
Last edited by gotlost; 03/04/15.
If you cann't stand my spelling use the ingore feature.
I agree with the junk silver, and smaller denominations of Gold. Ease of liquidation being the key.
Agreed, because while the underlying video is meant to be funny, if we really get to the point that a guy is bartering in tangible assets, the below may be truer than one wants to admit:
I can walk on water.......................but I do stagger a bit on alcohol.
I agree with the junk silver, and smaller denominations of Gold. Ease of liquidation being the key.
Agreed, because while the underlying video is meant to be funny, if we really get to the point that a guy is bartering in tangible assets, the below may be truer than one wants to admit:
Go ahead and squirrel away tens of thousands of dollars worth of gold. Then, when things get really bad, you can trade all of it for a can of beans.
I've never bought into the old wheeze that gold will always be valuable. If the economy collapses, gold is too heavy to move, and useless for any practical application. Dead weight, in other words.
To the OP. Everyone has an opinion on saving and investments. Quite frankly I wish I had the funds to buy gold back when it was under $200 an ounce. Just for the gain in value to sell just like I would stocks. As far as saving gold for an economic downturn or collapse, I think it would be rather fruitless.
I like liberals-------------------------------------they make good bear bait!
The problem with gold and silver in a SHTF scenario is, you'll always get pennies on the dollar. When it all hits the fan, who really needs gold and silver? Unless you're trading with a 1%-er, you're not going to find many interested. When the SHTF, people are looking for something tangible like food, medicine, or ammunition. I really think .22lr would get you MORE than what you paid for it rather than less than what you paid. Also, canned foods will be worth more than what you paid, and any meds, even over the counter, with a long shelf life.
Go ahead and squirrel away tens of thousands of dollars worth of gold. Then, when things get really bad, you can trade all of it for a can of beans.
I've never bought into the old wheeze that gold will always be valuable. If the economy collapses, gold is too heavy to move, and useless for any practical application. Dead weight, in other words.
Well from 1919 - 1933 the Gold Standard failed 3 times. When that happened the people weren't interested in gold, they were interested in food...which is a big pat of why the gold standard failed. When things got ugly the people no longer valued gold as it "should" have been valued on the books. The governments told them gold was worth X but the people ignored it and set their own prices based on the supply and demand of vital commodities.
And if you look at financial collapse all over the globe, you'll see that gold may be quite valuable for those who have an abundance of the essentials, and they tend to make out like bandits. But for the guy on the street, gold is the last thing he's interested in; he needs to put food on the table.
So the guy on the street with gold, gets pennies on the dollar trading gold for food. Because the only people who will trade food for gold in that situation is the person who knows they can get your gold for next to nothing.
It's a fools errand. Canned food will be worth MUCH more than gold, dollar for dollar.
Small fractions of recognized gold coins 1/10. Silver in 1/2 & 1 oZ coins. Don't think of it as an investment, but as recognized portable means of trade. Small supply of copper & lead might also be of benefit. GW
If an injury has to be done to a man it should be so severe that his vengeance need not be feared. MACHIAVELLI
Gotlost: I have a stash of "siver dimes" - I am saving them for a "rainy day" or a hussein obama induced financial collapse of the United States of America. I figure they will be easily recognized and easily traded for necessities should that day come. If not needed for that then they hold their value pretty well and heirs can cash them in or keep them as they see fit. Hold into the wind VarmintGuy
Go ahead and squirrel away tens of thousands of dollars worth of gold. Then, when things get really bad, you can trade all of it for a can of beans.
I've never bought into the old wheeze that gold will always be valuable. If the economy collapses, gold is too heavy to move, and useless for any practical application. Dead weight, in other words.
But if you have more beans than you'll need, and seeds to boot, and land.... the gold/silver then can come in handy, if not right then, at some point as the recovery begins...
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
