[babygene]

Wouldn’t a weakened dollar and inflation inflate the price of all non-monetary holdings including stocks and real estate?

[SVTCobra03]

Most financial advisers say that you should have at least 10 to 20 percent of your assets in precious metals. My PM physical holdings consist of American Gold Eagles, American Silver Eagles and “junk” silver. One excellent source of PM information can be found on Kitco forums. Before all the naysayers chime in about how you cannot eat PM’s, let me say that I already have my other preps of food, water, guns, ammo, medical supplies, tools and barter items including pint bottles of whiskey and vodka, .22lr ammo, batteries, etc.

[factoryrat]

Invest in guns, ammo, and dry goods. The reason being that you can’t eat gold, and it makes for some really expensive bullets. If and when the SHTF, your gold would be useless to me. You better have something more useful to barter if you want to survive.

[yoe]

What do they mean There is a One hundred percent chance of inflation.....Have "they" seen the rise in food prices, energy prices, taxes on health let alone the Inter Net....Inflation??? they gotta be kidding............

[I want the USA back]

What good is gold? When you sell it you have to pay tax on the “profit!” Goldsellers are required to issue a 1099 when you sell gold back to them. Then you pay tax on the “appreciated value.”

[Jet Jaguar]

Goldbug ping.

[montanajoe]

If you believe the system will somehow muddle through then owning a small amount of over priced gold might fit into you plans.

If on the other hand you really do think that the SHTF will occur soon then stay away from the stuff. In that case gold wont be valued in overinflated dollars or Euro’s or yen..but in how much wheat or rice you could find someone to trade it for in a 3rd world economy..

[elkfersupper]

Precious metals are not a medium of exchange and never will be again, even in the event of a crisis.

Beans, bullets, bandaids and a defensible position are the keys to survival.

[djf]

Trouble is, the PTB can make the price of gold be whatever they want. They do it by selling “paper gold”, gold contracts supposedly redeemable in gold metal.

But they already got the edge, because of something called “force majeure”, a kind of Act of God clause that says if they can’t give you the metal, they can basically settle for whatever price they pretty much choose.

IF! and note I said IF the dollar collapses, the price of these types of portable commodities, gold, oil, wheat, silver, rubber would go to the moon.

But I suspect WWIII would happen about that time. And it WOULD NOT be a coincidence.

[publius911]

I wish I could bring myself to post the #1 reason NOT to invest in gold. But can’t do it. Too many delusional people who deserve the most probable outcome. Totally oblivious to the ‘careful what you wish for’ thingie.