Coin shop.
You have been more right than wrong.
Until now I have appreciated your Prepper threads as good Disaster planning only (and did some teasing).
But now they will be coming after our bank accounts.
I don’t see Mad Max, but I do see the Government coming after our property.
I was wrong, K. I was wrong.
has anyone here ever out an ad in the paper for buying old gold or jewelry? I mean you are on your own as far as determining value, but I think it would be a way to get things at less than market value
I buy gold from california numismatic
Coins from around ,the world at todays gold price.
I buy american gold eagles
Works just fine
don’t put all your eggs in one basket. put maybe 15-20% of your eggs in this basket. Krugerands are better than sovereigns. Gold eagles are slightly better than sovereigns to some people. 10 silver eagles are probably better than a single 10 ounce bullion bars. Be aware of the tax policy of your state before you buy. Here in Ohio, we pay state sales taxes on metal purchases. If I drive over to Michigan, I don’t. That can really affect the value of your investment. Prices seem pretty low right now because the market is looking good. They could go lower. Then again, something crazy could happen and metals could skyrocket. Bottom line, don’t get into metals thinking you can get out in 6 months having made a huge profit. That could happen but chances are it won’t. get into metals for the long term and think of it as an insurance policy against disaster and inflation. anticipate fluctuations. The government’federal reserve is very much anti-metals btw.
Your gold bought from them is placed in your hands (if you want to leave with it) - and or they will insure it and place it in their own vaults with your name on it.
Best to buy highly collectable US gold coins only, with an additional high numismatical value. Don't buy bullion, don't by any foreign gold coins of any type (confiscatable by US fed gov... they can't confiscate US mint gold coins.)
See Chumlee
AJPM.com “Good people” for sure.
Gold and silver are not investments. They are hedges and stores of value. Nothing more.
If you don't think that Obama or his successor could do a re-run of the EO 6102 gold-grab, think again.
Of course, there will be some he-men who will boast that the feds wouldn't dare go up against their massive arsenals to steal their gold...well, you might want to check with Randy Weaver to see how well that tactic worked. It's easy for one to thump his chest on the Internet. In real life...maybe not so much.
Be careful about counterfeit. Silver is easy to counterfeit but it can be done with gold too. As it turns out, tungsten has almost the same specific gravity as gold. There are fake gold coins on the market that are hard to detect with conventional testing.
Testing of gold coins is usually done with a cheap plastic scale, based on the premise that if it is of a specified volume and weighs as much as gold, then it must be gold - since all heaver metals are more expensive than gold. Tungsten, however weighs essentially the same as gold of an equal volume. Fo plated tungsten couldn’t be detected with a specific gravity test.
Of course, a destructive test could tell the difference but people don’t want to destroy their coin.
[Bumping cuz I need advice too. :) ]
I am collecting 1/10 oz coins. Canadian, Krugs...don’t matter much.
Gold is only for a short term SHTF scenario, say no longer than 90 days of instability.
In a long term YEARS long scenario, gold will be worthless. You can’t eat gold and barter with it will be insane.
Ammo and food will be the currency of the New Realm.
G
i believe they won’t do the bank thing for a long time yet.
first they’ll do the 401ks. less people will complain because most of the people he’ll transfer others’ money to, have no 401ks to confiscate. plus it’s not money people think about as much as their working bank money.
If you do wind up buying gold and are planning on holding it yourself...spend some time on ways to secure it. I mean, really secure it.