Elaborate on this please?
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I am suprised no one has said to just buy guns? If things go bad, if, do you think someone would take an ounce of gold, something the size of a coin, or a decent AR-15 or something else of the sort? Guns will always hold their value, it is even better for you if you find a good deal on them now!
Way back in 1956/7, I was in the U.S. Army stationed at Fairbanks, Alaska. Used to walk by the local pawn shops that displayed huge gold nuggets in their display windows. Was $36 per ounce and I thought that was damn high since my monthly rate of pay was a whopping $72. Did pan for some gold while up there during the midnight sun and managed to collect at least a little gold dust. Still have that dust but it was hard work panning for it while fighting mosquitoes and watching for bruins. Sure wish I would have bought a few POUNDS of those nuggets.
Guns, ammo, and food are just goods. They provide real-life utility and a means of barter, but are really useless as a form of currency. Human societies, at least advanced ones, work on currency and value goods easily converted into said currency. I argue you need both guns and gold so you are ready for whatever may arise. And don't blindly assume your guns and ammo will be legal in the future. Guns tend to be among the first things failing governments go after. Gold as well. Roosevelt basically stole all privately owned gold during the Depression. One has to make hedges for these possibilities as well.
Hello, my name is John Smith.
Before the collapse of the United states government I was a wealthy executive for a very large firm in Denver Colorado.
I Currently hold 42.5 Million Euro in gold Coins in a bank in Canada.
I will be willing to share this with you if you will help me to access it.
[ROFL1]
For the past few thousand years, gold has seen a lot of competitorsit’s super malleable, and it doesn’t break down... so it has
try to become the “ultimate form of real money.” Folks
have used everything from cigarettes to butter, stones, livestock,
salt, and seashells to store their wealth and trade for goods.
But when crisis hits... when wars break out... when bank runs
grip a nation... when it’s really time to just “grab the money and
run,” humans keep coming back to gold as the ultimate form of
money.
Gold beats the competition so easily for six reasons...
1) Gold is easily transported. Land is a good store of wealth,
but you can’t take it with you if you have to get out of
Dodge.
2) Gold is divisible. If I owe both Peter and Paul and I have
just one piece of gold, I can split it in half.
3) Gold does not rust or crumble. Folks have used cattle as
money, but cows don’t survive long in a locked vault.
4) Gold is consistent all over the world. I’ll accept the pure
gold you mined in China just as easily as I’ll accept the
pure gold you mined in South Africa.
5) Gold has intrinsic value. Gold has wonderful conductivity,
lots of industrial uses. Seashells lose big on this one.programs, infrastructure buildouts, and green-energy boondoggles,
6) Gold cannot be created by the government. People who saw
their wealth disappear in the great inflation of the 1970s
know that holding lots of paper money can be disastrous.
Most of the “requirements of money” were laid down by
Aristotle over 2,000 years ago. The great investor Doug Casey is
the world’s best at reminding us why gold is still the ultimate form
of real money.
And now that America is inflating its money supply in an
attempt to pay for all kinds of wars, mortgage bailouts, social
it’s vital to own a chunk of real wealth.
I've used http://www.nwtmint.com, the only downside is the delay before they ship.
Make sure whoever you buy from isn't charging substantially higher than the spot price, and that you're buying bullion not numisatic coins. You only want the value of the gold on the scale, rare/special/limited edition minted coins are worthless for your purposes.
Compare the relative value of gold and silver to each other. You can get historical graphs of the ratio between the two. Last time I checked Silver had spiked dramatically, meaning Gold is a better buy.
H.
Thanks for the info and the links guys.