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Anyone here do business with them or know anything about them? I've been wanting to covert my cash savings from worthless paper to gold for some time but finding a source I trust is a challenge.
Or perhaps someone can recommend a different source? And to be clear, I'm not looking to buy into a gold fund or any other such foolishness. Trading one form of worthless paper for another is pointless. I want to buy and take possession of real gold.
ammo would be a better and cheaper investment
That's part of the 'investment' plan as well. However, since I don't believe that all of civilization will permanently collapse, there is a need to have something convertible into whatever paper currency is in use. Gold serves that requirement, ammo does not.Quote:
Originally Posted by Elhuero
There's that trust thing again. I know about monex, but something makes me suspicious of them. Maybe it's their cheesy commercials.Quote:
Originally Posted by Byte Stryke
Do your research, you can buy at 10% to 15% less, and you should have about 10% in gold per your svaings. You can store it at home in a safe or better in Canada.
You should also consider silver as it is less than gold but always maintains a great return and the market is less volitle.
Another note:
Store Your Gold in a Private Swiss Bank VaultIn September 2009, ETF Securities launched Physical Swissshare. Take care not to buy these shares at a premium.
Gold Shares (SGOL). SGOL holds real gold stored in Swiss
vaults, rather than futures or mining stocks.
SGOL is a $356 million fund with a modest 0.38% fee. Each
share represents about 1/10 of an ounce of physical gold. So, if
gold is $1,000 per ounce, you shouldn’t pay more than $100 per
I got a ton of info but I paid for it so do some home work and never buy from a tv advert.
Quote:
Originally Posted by mutt
very true. good luck in your pursuit.
don't forget porno mags. after the breakdown of civilization they'll be worth their weight in gold!
Quote:
Originally Posted by mutt
yeah, well they were shipping insured to my door.
so, whatever.
Gold and other metals are too high right now. They're fueled not by a shortage but by market paranoia. No, I don't think things are great but the false inflation/pyramid thing will come crashing down. Everyone was sure oil was going straight to $200 a barrel last time and a lot of folks lost a bunch when it came back down.
What good will gold stored in another country do for you?
Or is that a more positive outlook, meaning no total societal collapse?
Oh...but it can!!!Quote:
Originally Posted by mutt
Id the United States, for whatever reason, loses viability in the world market and the Dollar is not accepted anymore, it wont matter why Gold is so High.
Lets try an exercise:
Do not think of Gold as being expensive,Lets imagine the US Dollar being worth less because there are so many of them being promised out to everyone and being printed like Charmin toilet tissue.
Now lets imagine that's really happening.
[/sarcasm]
gold is cheap, wait till it hits 5k per ounce, not unrealistic in the near future.
30 something years ago we were told to buy when it was 100 something per ounce OUCh we said it is too high ,,, LOL we were dumb.
Contact these guys. The fellow you want to speak with is Fred Dodge. He collects most of the raw gold from the local sand & gravel companies and sells it by the ounce. He's a nice guy and lot's cheaper than buying from a middle man. This is the guy that was called in on that stupid TV show AlaskanGold to figure out their problem. He's also based out of Brighton Colorado.
http://msi-mining.com/
This store is in Colorado Springs. I have bought a few things from them, mainly silver.
http://www.hallenbeck-coins.com
I buy all of my gold through these guys, Patriot Trading Group. They are great and easy to work with.
http://www.allamericangold.com/
I just pan for gold. got a whole pickup bed full this last stretch of 3 days off.
I use Dave's in Denver. I think on Broadway. He has good prices and pay a fair price.
Dave's Gold and Silver Exchange on Broadway, next to Rocky Mountain Coin. Dave's honest.
I'm not viewing this as an investment. I'm not trying to grow my paper wealth by speculating gold will go up or down in specified period. My goal is to take possession of physical gold and hold it indefinitely. Gold, long term, is not going down in price. 20 years ago it was just under $400 an ounce. 20 years from now we'll be wishing we could get it for only $1400 an ounce.Quote:
Originally Posted by Busta Prima
Argentina and Zimbabwe are good examples of why having offshore resources are a good idea. Even though their economies and societies collapsed, the rest of the world went on. People in those countries that had external means had options and fared better than those who only held piles of worthless paper.Quote:
Originally Posted by Irving
Of course if the US collapses in such a manner there may be no safe offshore holding place. I think the whole world economic system will follow our collapse in short order. However, even in such an event, something will take the place of the defunct system. And I'm willing to bet gold will still be a valid store of value that can be converted into working currency. Gold has been used this way for thousands of years.
Elaborate on this please?Quote:
Originally Posted by rondog
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!
Quote:
Originally Posted by spyder
You still need to have some sort of commodity to barter or trade with.
And a way to have assets when things start to rebound. The dollar will be gone.
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.Quote:
Originally Posted by Mtn.man
Quote:
Originally Posted by spyder
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.
JMO, and probably not a fair one. Certainly OT, comment edited. Thanks for waking me up!Quote:
Originally Posted by hkOrion
Quote:
Originally Posted by mutt
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.
I keep thinking about buying a mining claim. I've heard panning for gold and mining it yourself can be pretty fun if you combine it with a camping trip.
just not near our claim.
Hey I'm buying, not into stealing other peoples property. Not too many patented claims for sale though. And I need to do a LOT more research to see how you do it without a water source.
Quote:
Originally Posted by ShooterJM
BEER[Beer]