Home Forums Hunting & Shooting Hunter's Campfire Physical Gold

Yep. Diamonds as well. But they both make lousy investments.

I won’t try to make an argument….. merely an observation…..that “the times we are in make a difference.”

I started investing in 1998. Gold was about $294 per ounce and today is $1950. So, in that time period gold has “gone up” by a factor of 6.6

In 1998 the Dow was about 9500….today it is at 33,000. So, in that time period the Dow has “gone up” by a factor of 3.5.


How much inflation have we seen on the past three years? What do think inflation is going to be doing over the next few years?

The choice of precious metals vs ammo vs real estate is not one or the other, it is a choice of diversification or not.

Y’all make your own choices…..

"How much inflation have we seen on the past three years? What do think inflation is going to be doing over the next few years?

The choice of precious metals vs ammo vs real estate is not one or the other, it is a choice of diversification or not.

Y’all make your own choices...."

My sentiments

Banks broke into safe deposit boxes to assist with the confiscation.

Janet Yellen said the dollar is strong. BIDENomics is going exactly as planned. Only an IDIOT would buy gold. Our Federal Reserve has our BEST INTEREST at heart.

I'd buy a one ounce gold bar as a novelty.

If you buy gold coins, buy foreign currency. Your own government wouldn't have a claim to it.

Experts say make Gold/Silver about 5-10% of your portfolio . Yup !!

Land, guns, ammo, stocks, bonds, cds, gold, silver can all be good tools in your investment/wealth accumulation strategy. Don't put all your eggs in one basket.

They sure did.

Sorry, but 30 years ago spot was $360 roughly. For the peace of mind and the price keeping up with inflation I am very happy with my purchases.

Do you want to buy half a dozen at $1,990.00 each?

I have never owned gold and never will. For those that do own it, what is the basis (how much) for the SHTF scenario?

In 2012 the average gold price was $1,668.86. Toss 10 years of inflation on that and the current price of $1964 isn't so glamorous. It has just barely held its value.

But as stated gold isn't an investment it's a hedge again a SHTF scenario. Whenever that happens...

I used to own gold and silver. Both bullion and junk. But, a tragic boat accident......

Gold & silver are speculative.

Above spot at purchase...below spot at sale. Unless trading for goods.

The best way to accumulate gold & silver .... is to inherit it.

Like the commission for going in and out of stocks.

PS You can avoid the premium, though, with gold and silver, by merely paying for services with them, based on their actual purchase price. In other words, you get your car repaired at a mom and pop garage, and you ask the owner if he would like payment in gold or silver. If he's interested, you go online and look up the going price for whatever form you own of those metals (i.e., what he'd have to pay if he wanted to buy them) and show it to him. If he agrees on accepting them at that valuation, then you make a deal. That way, you get the full market value for your coins, absent the premium you'd lose if you sold it to a metals dealer.

I wish I would have bought more a few weeks ago but i was busy buyng guns and optics. I realize gold isnt the best investment but I see it as a store of value and insurance of a sort. I stay in the 10-15% of net worth range. Good barter material once the government digitizes all currency or after the dems destroy the dollar. I also keep ammo, reloading components, and a good stash of casting alloys and food storage.

Bb

Until they say they do.

The challenge w/gold is having a "spendable" size piece to use as payment. If we're in some sort of situation where you're paying for goods and/or services with physical gold, the price of things is going to be whatever size chunk you've got. Nobody is going to wait while you carve 1/4 Oz off your gold bar, they're going to want the gold bar.