When governments print money, buy gold

Daily Telegraph (UK) ^ | 18/01/2008 | Jeff Randall

[PotatoHeadMick]

I know this whole buy gold thing can get a bit "end of days" stuff but I'd be interested to hear informed debate.

[headsonpikes]

“Practically all governments of history,” said Friedrich von Hayek, “have used their exclusive power to issue money to defraud and plunder the people.” Gold stands in the way of this process; it is a protector of property rights.

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Libertarian whackjob placemarker.

You can certainly trust the US government to do the right thing!

lol

[Dick Vomer]

when people say “buy gold”...what exactly do they mean?

Buy where? Sell it where? I mean do you buy bars of gold or silver at a store or a bank and then go back to the store or bank and sell them.

I would like to know the exact logistics of precious metals. I’ve got gold coins from my grandfather and father. Silver bars from the 80’s that my parents bought and just have in a safety deposit box.

I don’t even know where they bought the bars.

I know that this may be a dumb question, but just direct me to a web site so that I might educate myself. but I’d also like the personal input from a fellow Freeper versed in this type of activity.

thanks

[VanShuyten]

where the cost of a meal for himself and some friends in a Harare restaurant was 290,000,000 Zimbabwean dollars. Ever the gentleman, Simpson left a ten-million-dollar tip.

I'm not sure I can trust a guy that can't figure out a 10% tip.

[Bear_Slayer]

I suggest buying precious metals such as lead, in various calibers denominations.

[Bear_Slayer]

I had an employer recently that wanted to pay me in gold coins. I said no.

[Chewbacca]

http://www.usagold.com/ (you can buy from these guys and also ask questions in the forum)

http://www.southwesterngold.com (I use these guys. Ask for Phil. They will buy or sell.)

http://www.gold-eagle.com (check out the forum for information)

http://www.lemetropolecafe.com (try a two week subscription for free)

http://www.goldensextant.com/ (nice financial articles)

http://www.ebay.com (search term = gold or silver coin)

http://www.kitco.com (check out the live quote page and the forum)

That is just for starters.

[Chewbacca]

You should have said yes.

If they were pre-1933 gold coins they were legally used as currency in the USA and you would have only had to declare the face value on the coin as what you earned in income.

http://beyondmoney.wordpress.com/2007/11/08/irs-court-case-shakes-the-foundations-of-the-debt-money-system/

[Chewbacca]

More on the gold coin story.

http://www.liberty-watch.com/volume03/issue08/coverstory.php

[RS]

Wonder if he was paying minimum wage ?

[mission9]

This “money from thin air” shibboleth is a foundational fiction of such demagogues as Ron Paul. Mr. Paul seeks to undermine the faith of the people in their government, and the currency in their paychecks.

Look around you, I see shopping malls, millions of nice cars, houses filled with technology, an overfed population, schools with every convenience. Is this what is purchased with money from thin air? I guess that is a bargain I will have to accept.

[CJ Wolf]

“Silver bars from the 80’s that my parents bought and just have in a safety deposit box.”

FYI, When the bank goes under you won’t be able to get to your safety box.

[CJ Wolf]

I’d take that job.

[RS]

Anyone buying gold as an investment is hoping that the dollar sinks in order to turn a profit.

[Porterville]

LOL.. a funny story about paranoia and retardation.

[Milhous]

FWIW I vouch for Klaus Degler with a clientele that includes George H W Bush.

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Stand tall on conservative principle - Duncan Hunter for President '08

[Publius]

[razorback-bert]

taking a pine tree, worth $4,000-$5,000

Boy, do I have some pine trees to sell the yahoos.

[pay dirt]

I had an employer recently that wanted to pay me in gold coins. I said no.

Hey, don't feel bad. We all make mistakes.

[pay dirt]

We prefer to find our own gold...literally. Works for us. ;)