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 use Dave's in Denver. I think on Broadway. He has good prices and pay a fair price.
Grandpa's Sheriff Badge, Littleton 1920's
Dave's Gold and Silver Exchange on Broadway, next to Rocky Mountain Coin. Dave's honest.
Last edited by rondog; 04-03-2011 at 17:24.
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.
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.
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.