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Joined: Jan 2007
Posts: 1,301
Campfire Regular
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OP
Campfire Regular
Joined: Jan 2007
Posts: 1,301 |
Just read an article where an "expert" says not to buy Costco gold 1 ounce bars. His reasons..... 1. It is a bar but in fits in your hand! 2. Someone could come to your house and steal it. 3. ( Only half way reasonable thing stated). You have to pay over "spot" to get it and then get lower than spot when you sell.
He says to buy funds. You know the internet fantasy that could disappear in a blink. I say own some tangible assets, whether gold, silver, guns, art , property....... The deep state wants you to put everything into something they can get and control. I have retirement accounts online too but......
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Joined: Mar 2010
Posts: 11,974 Likes: 34
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 11,974 Likes: 34 |
Just read an article where an "expert" says not to buy Costco gold 1 ounce bars. His reasons..... 1. It is a bar but in fits in your hand! 2. Someone could come to your house and steal it. 3. ( Only half way reasonable thing stated). You have to pay over "spot" to get it and then get lower than spot when you sell.
He says to buy funds. You know the internet fantasy that could disappear in a blink. I say own some tangible assets, whether gold, silver, guns, art , property....... The deep state wants you to put everything into something they can get and control. I have retirement accounts online too but...... Never been a fan of gold. Gold is being purchased for a chit hit the fan type of situation. What good would gold be in a situation like that? Buy ammo, food, guns ect. Chit that has real value in a world on fire type of thing imo
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Joined: Aug 2017
Posts: 9,138 Likes: 8
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,138 Likes: 8 |
Gold has been a poor investment for the last 3 decades.
It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.
If you are trying to grow wealth don't even try to make an argument.
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
Just read an article where an "expert" says not to buy Costco gold 1 ounce bars. His reasons..... 1. It is a bar but in fits in your hand! 2. Someone could come to your house and steal it. 3. ( Only half way reasonable thing stated). You have to pay over "spot" to get it and then get lower than spot when you sell.
He says to buy funds. You know the internet fantasy that could disappear in a blink. I say own some tangible assets, whether gold, silver, guns, art , property....... The deep state wants you to put everything into something they can get and control. I have retirement accounts online too but...... Never been a fan of gold. Gold is being purchased for a chit hit the fan type of situation. What good would gold be in a situation like that? Buy ammo, food, guns ect. Chit that has real value in a world on fire type of thing imo I see it that way also, but then again there could be scenarios far different from what we imagine could happen in the future. It could be "uhh ohh," or it could be "ohh, s hit!" Or maybe something in between. Decades ago I reasoned it out and concluded that the lowly .22 LR cartridge could become the coin of the realm in a SHTF scenario. I invested. May not ever be worth much, but then again... As Geedub says... quien sabe?
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Nov 2018
Posts: 17,133 Likes: 23
Campfire Ranger
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Campfire Ranger
Joined: Nov 2018
Posts: 17,133 Likes: 23 |
Gold is good.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Best to think of it as a hedge, an insurance policy.....
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2004
Posts: 14,488
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2004
Posts: 14,488 |
Best to think of it as a hedge, an insurance policy..... I do believe that as "Coke is the real thing," gold is the real money, so there's that.
Don't be the darkness.
America will perish while those who should be standing guard are satisfying their lusts.
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Joined: Jan 2005
Posts: 38,926 Likes: 11
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2005
Posts: 38,926 Likes: 11 |
It's a great deal for those selling it.
Not a real member - just an ordinary guy who appreciates being able to hang around and say something once in awhile.
Happily Trapped In the Past (Thanks, Joe)
Not only a less than minimally educated person, but stupid and out of touch as well.
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Joined: Nov 2013
Posts: 28,925 Likes: 20
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,925 Likes: 20 |
Gold has been a poor investment for the last 3 decades.
It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.
If you are trying to grow wealth don't even try to make an argument. Best to think of it as a hedge, an insurance policy..... Those of modest means might better look for something within those means. Rich folks can afford to splurge a bit on “insurance” like gold. Gotta remember that the government once made it illegal to hold bullion. They might do it again. Coins were still legal to hold IIRC.
What fresh Hell is this?
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Gold has been a poor investment for the last 3 decades.
It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.
If you are trying to grow wealth don't even try to make an argument. Best to think of it as a hedge, an insurance policy..... Those of modest means might better look for something within those means. Rich folks can afford to splurge a bit on “insurance” like gold. Gotta remember that the government once made it illegal to hold bullion. They might do it again. Coins were still legal to hold IIRC. Yes, modest means.... buy silver...
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: May 2017
Posts: 1,225
Campfire Regular
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Campfire Regular
Joined: May 2017
Posts: 1,225 |
Silver is a joke. I'd buy ammo.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Silver is a joke. I'd buy ammo. You do realize you can buy both? silver was money... until 1964
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Jan 2012
Posts: 67,393 Likes: 52
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 67,393 Likes: 52 |
Will everyone have to carry around a little acid test kit to prove it’s authenticity and carat weight?
You can’t have buys and sellers getting duped by that Good on a Roll crap down at the Compton’s Swap Meet.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
Posts: 20,824 |
Will everyone have to carry around a little acid test kit to prove it’s authenticity and carat weight?
You can’t have buys and sellers getting duped by that Good on a Roll crap down at the Compton’s Swap Meet. If we get to that point, that will be the least of your worries
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2002
Posts: 14,285 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2002
Posts: 14,285 Likes: 5 |
I like gold. I like Krugerrands.
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Joined: Sep 2014
Posts: 3,489 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Sep 2014
Posts: 3,489 Likes: 1 |
Lead will be the new "precious metal". Especially when loaded in a primed & charged brass outer shell.
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Joined: Mar 2010
Posts: 11,974 Likes: 34
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2010
Posts: 11,974 Likes: 34 |
Lead will be the new "precious metal". Especially when loaded in a primed & charged brass outer shell. Exactly. Smart money goes to ammo
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Joined: Jun 2002
Posts: 131,901 Likes: 47
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,901 Likes: 47 |
Gotta remember that the government once made it illegal to hold bullion. They might do it again. Coins were still legal to hold IIRC. Only ancient coins were still legal. All US gold coins and bullion were supposed to be turned in. Only like 2% of gold in private hands was actually turned in, though. Banks all turned in their gold (which got melted into big bars), but private citizens didn't, for the most part. They just kept it in the family, generation to generation, till it was legalized again forty some odd years later.
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Joined: Jun 2002
Posts: 131,901 Likes: 47
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,901 Likes: 47 |
Silver is a joke. I'd buy ammo. You do realize you can buy both? silver was money... until 1964 It never stopped being money. Neither did gold. They just stopped being currency, or rather the government made our currency fiat, i.e., removed the backing to it. It used to be backed by real money, i.e., gold and silver. Today, it's only valuable because you have to pay your taxes in it, which maintains a certain level of demand for it. Which is why they needed the 16th Amendment before they took gold and silver out of our currency.
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Joined: Dec 2019
Posts: 3,787 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Dec 2019
Posts: 3,787 Likes: 1 |
I’ve got some. Probably pick up more if the right circumstances and urges hit me.
Osky
A woman's heart is the hardest rock the Almighty has put on this earth and I can find no sign on it.
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