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  1. #21
    Paper Hunter hkOrion's Avatar
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    Quote Originally Posted by rondog View Post
    Dave's Gold and Silver Exchange on Broadway, next to Rocky Mountain Coin. Dave's honest, RM Coin isn't.
    Elaborate on this please?

  2. #22
    Machine Gunner spyder's Avatar
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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!
    If you make something idiot proof, someone will make a better idiot... Forget youth, what we need is a fountain of smart. There are no stupid questions, just a lot of inquisitive idiots.
    Life is pleasant. Death is peaceful. It's the transition that's troublesome. --Isaac Asimov
    Like, where's spyder been? That guy was like, totally cool and stuff. - foxtrot

  3. #23
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    Quote Originally Posted by spyder View Post
    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!

    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.

  4. #24
    IN MEMORIUM
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    Quote Originally Posted by Mtn.man View Post
    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.
    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.

  5. #25
    High Power Shooter
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    Quote Originally Posted by spyder View Post
    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!

    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.

  6. #26
    Witness Protection Reject rondog's Avatar
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    Quote Originally Posted by hkOrion View Post
    Elaborate on this please?
    JMO, and probably not a fair one. Certainly OT, comment edited. Thanks for waking me up!

  7. #27
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    Quote Originally Posted by mutt View Post
    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.


    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.



  8. #28
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    For the past few thousand years, gold has seen a lot of competitors
    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,
    it’s super malleable, and it doesn’t break down... so it has
    lots of industrial uses. Seashells lose big on this one.
    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
    programs, infrastructure buildouts, and green-energy boondoggles,
    it’s vital to own a chunk of real wealth.

  9. #29
    Machine Gunner Hoosier's Avatar
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    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.

  10. #30
    High Power Shooter
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    Thanks for the info and the links guys.

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