Posted on 06/15/2010 5:08:26 PM PDT by Errant
Tell that to China.
Well, I have heard that the amount of physical gold is far far less than the amount of paper gold issued. Thus $5,000-10,000.00 Gold is possible.
only if you keep holding it...if one took profit right now,it would be a great investment...
When it hits the fan, you can’t eat gold.
Do you think that quote is a metaphor or is the government going to impose draconian torture techniques on those trying to game the system?
Yes,,, but if we get to that point, there will be nothing that gold can buy that lead can't.
Yes,,, but if we get to that point, there will be nothing gold can buy that lead can’t......... do over........
Whereas you can eat federal reserve notes, stocks, bonds, commercial real estate...
Please describe to me the historical incidents where a person in a society where some food was available, and who had gold, starved to death.
I feel as if there is nowhere to hide. What if the stock market collapses along with the dollar, this guy is saying gold will be no hedge and the barter system will also collapse. Then if Bambi and the Dims are not stopped, owning land and personal property would do no good, since anything could be seized (after your ammunition runs out...).
you can’t eat the piece of paper you called money either. Gold is a medium of exchange like that piece of paper you called money
Fine, if you want to give Achmed down at the 7-Eleven a one ounce Kruggerand for a loaf of bread........cause that’s exactly what would be demanded.
I don’t have anywhere near as much gold as I do silver, which I prefer, and which is still very affordable. I’ve even thought of trading my gold for junk silver.
>> When it hits the fan, you can’t eat gold.
They tell me you can buy suits with it, though.
One suit, one ounce of gold. It’s been that way since, like the *ice age* or something.
I’m looking to put my money into dirt. You can grow vegetables in dirt, or you can grow grass in dirt and feed it to grass-eating animals, and grass eating animals are the primary raw ingredient in steak, and I like to eat steak. So I’m buying dirt.
Gold is money, fiat is a paper promise backed up by other paper. Gold cannot be destroyed. Paper money will be, especially by those who cannot keep their fingers off the printing press “on” button.
I just bought a 100 trillion dollar bank note from Zimbabwe. I paid $4 for it on eBay. There are plenty still listed. (search “zimbabwe trillion dollar”) It was not too many years ago when this number of Zimbabwean dollars would represent the entire GDP of the country. What replaced it? The US dollar, Euros and gold.
I'd say the guy must never have been to BARTERTOWN.
As a survivalist would view-gold would be used for the big items and silver would be traded for the daily common items.
So gold IMO although is very very good, it should be viewed as a investment item, whereas silver as a item for trade.
Of course if some would like to continue to purchase big ticket items then Gold is the answer.
In Zimbabwe, where most certainly the SHTF, only gold will get you food and supplies for the day.
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