[willywill]

I buy gold for no other reasons than

1. “if” there is hyperinflation
2. “if” there is a collapse of society and money is no good.

either one may not happen, and if it does the gold may still not save me, but, I don’t use the rent money to buy, and on paper I haven’t taken a loss.

[rusty schucklefurd]

If society collapses, it won’t be gold or silver that has value - it will be food, water, guns and ammo that will be the new money.

[Jet Jaguar]

Goldbug Ping.

[Wingy]

These guys all use the old: "If you had bought at the high in 1980 then you are still screwed." However they never point out that if you bought Commodore Business Machines in 1980 you are still screwed also. As a matter of fact, anything (Stocks, bonds,or commodities) that are bought or sold in a MARKET carries a risk.

I never hear these naysayers opine that you were a fool to have bought silver when it was $3.00 or gold when it was $290.00, but if you search the publications during that time, I'm sure you could have found an equal number of naysayers writing that only fools would buy at these inflated prices. Warren Buffett bought a bunch of silver at $5.00 and was so hounded by the pundits that he sold at $7.00 a few years later.

Beware the all knowing pundits.

[bobby.223]

My stashed and cached in various places, physically held, (no paper), P. Metals will not be used for barter or trade, (After some years of preparing up here, I’m as well prepped as I’m gonna get with the major essentials and tangibles), or anything else. My PM’s will be used only as a conversion to, a trade in for, a swap out to, an exchange for, or what have you, to the new ‘currency’ put in place after the collapse. I might be playin’ it wrong, who knows what is gonna happen for sure, but that is the plan I have been staging for. One thing is set in stone: I will never run or flee America because things are getting tough. I was born here and I’m goin’ out here.

[agere_contra]

Bizarre and intentionally misleading dollar-bug article.

Go down to your local shopping area/mall and count up all the “We BUY Gold” signs.

Then try to find one that says “We SELL Gold”.

[gunsequalfreedom]

Buy it just under $300 an ounce, sell it at just over $1,200 an ounce, kick yourself a bit for not waiting till it went to $1,800 an ounce but still smile. That’s what you should have known about buying gold.

[chiefqc]

The ads are so annoying. People have no jobs, no money and these annoying actors and their sponsors what peole to buy gold and silver.

What people want are jobs, money to pay bills, food on the table, affordable medical insurance not mind numbingly stupid commercials telling them to invest in gold and silver by some phony actor.

[Uncle Lonny]

Gold will only shine as a future investment if inflation starts to soar. Even then its price could be suppressed by soaring interest rates.

The dollar is immune from normal investment logic because it is the reserve currency of the world and Washington can get away with runaway spending forever it seems. Maybe not forever, but cash has been king for a long time.

I would buy only a small amount of gold or silver as insurance against a unlikely runaway inflation scenario. Your cash flow is more important. As the saying goes:” Sometimes the market can remain irrational much longer than you can remain solvent.

[Ex-Pat in Mex]

I like collecting gold and silver coins for numismatic purposes, especially fractional gold coins, as even if they lose value as collector items, they can still be used for barter with someone who may not have change for 1-oz of gold.

When the US confiscated the public’s gold, they did not confiscate collectible coins.

I used to give out stamped, silver bullion bars as Christmas presents to my employees, merely because they looked cool, they were tangible, they were heavy, they were valuable, they were investments that the employees might retain and great conversation pieces that most people didn’t/don’t go out and buy for themselves.

Are gold and silver the end all of asset protection? No. Just as .45 ACP is not the end-all of self-defense. You need a 12-gauge shotgun (with an assortment of bird shot, 00 and maybe even rifled slugs) and a nice long range rifle (I like a 308.)

I think having some gold and silver is as wise as having a bug-out bag and grub stashed away in safe-boxes in safe locations.

You don’t need enough gold and silver to fund a new country... just a little in case others got bit by the gold-bug and trade with it when nothing else is trading.

[equalator]

Crack and Xanax - start stocking up

[muir_redwoods]

I bought most of my gold at $295/tr oz and most of my silver at $15-$25/tr oz. I’m holding it as a SHTF hedge. It still seems like a good idea.

[TalBlack]

I couldn’t care less about gold and agree with the opinion here in general with respect to the wisdom of parking in gold but isn’t the fake money propping up the market these six years holding gold and silver down?

[I want the USA back]

Advertising claims about gold, even on talk shows, are phoney and fraudulent.
Gold is good only if there is hyperinflation, or the entire money system collapses. Then you are competing with everyone else who has gold to try to trade it for bread and milk.
Better to stockpile thousands of toothbrushes and toothpaste tubes, to trade for bread and milk, if there’s a collapse.

[P.O.E.]

I have to laugh at the one ad that promises to send you a free “one gram bar of pure silver, to show how sincere we are”.

[Apple Pan Dowdy]

I have a serious question about “prepping” and perhaps this thread is a good place to ask it and get some seriously good answers.

Let’s say you are moderately well prepared for what some are saying is inevitable. You are debt-free, outright own a nice spread of acreage and a house in the mountains, with 5 flowing freshwater springs and can grow food and live off the grid if necessary. The community surrounding you is like-minded and ready to pool resources and talents to all survive.

Now, here is the question that is keeping me awake and my blood pressure too high..... What do you do when the dysfunctional government comes to collect the property taxes each year? And don’t just tell me that property taxes are levied only by counties. When the income tax dries up, the feds (and the UN) will come after the only thing we still own.... the land. And our entire community lining up with our guns to hold them off will not stop them from flying over and dropping bombs.

Is it just me, or do we “preppers” seriously need Divine Intervention as our number-one asset? Because it seems like that is what it will all boil down to.

[Vermont Lt]

Gold and silver are supposed to be long term stores of value. They are NOT supposed to be money, in the most common sense.

If the dollar collapses, they will/should be exchangeable for whatever new currency shows up next.

The biggest caution should be if there is a deflationary crisis. The gold would drop in value like a rock.

[B212]

here is one for you all....

I was young(er), and my wife worked in a bank...one day she comes home and says the rumor around the bank is that, they are going to unpeg gold...what do you think that means, to which I replied, doesn't mean too much I guess....gold was $32/oz

[MNnice]

Rather than buying gold, buy ammo. Its value will increase exponentially at the time gold is supposed to be saving your ass.

[RKBA Democrat]

The gold advertisers are just trolling for rubes. Just remember that there are plenty of dealers who sell cheaper than the ones that advertise on radio.

As for an investment, diversification is usually your friend. Stocks are waaaaay overpriced in my view. PM’s, not so much.