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Cash In A Mattress? No, Gold In The Closet
newsweek ^
| From the magazine issue dated Mar 16, 2009
| Lisa Miller | NEWSWEEK
Posted on 03/07/2009 12:07:33 PM PST by dennisw
click here to read article
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1
posted on
03/07/2009 12:07:33 PM PST
by
dennisw
To: dennisw
Cash in mattress is also good as long as we have deflation
2
posted on
03/07/2009 12:08:07 PM PST
by
dennisw
(Archimedes--- Give me a lever long enough and a fulcrum to place it, and I shall move the Earth)
To: TigerLikesRooster; Dustbunny; JDoutrider; CottonBall; autumnraine; sickoflibs; April Lexington; ...
3
posted on
03/07/2009 12:08:56 PM PST
by
dennisw
(Archimedes--- Give me a lever long enough and a fulcrum to place it, and I shall move the Earth)
To: dennisw
Guns under the mattress and elsewhere are better.
To: dennisw
5
posted on
03/07/2009 12:09:50 PM PST
by
dennisw
(Archimedes--- Give me a lever long enough and a fulcrum to place it, and I shall move the Earth)
To: dennisw
What happens if the price of gold drops back to “normal” levels?
6
posted on
03/07/2009 12:12:46 PM PST
by
madison10
To: Anti-Bubba182
Yep. The only precious metals I’m buying are steel, brass and lead.
7
posted on
03/07/2009 12:13:25 PM PST
by
Mountain Troll
(Barak Obama - just another affirmative action government hire living in public housing)
To: dennisw
The problem with large-sized gold is "what are you gonna trade it for WTSHTF?"
Trading will be for small stuff- a loaf of bread, ten rounds of ammunition, and so forth.
Imagine trying to buy stuff with a thousand dollar bill.
8
posted on
03/07/2009 12:13:33 PM PST
by
George Smiley
(They're not drinking the Kool-Aid any more. They're eating it straight out of the packet.)
To: Mountain Troll
ROTFL.
Remind me to holler before I approach the bridge *you* live under...
9
posted on
03/07/2009 12:14:25 PM PST
by
George Smiley
(They're not drinking the Kool-Aid any more. They're eating it straight out of the packet.)
To: madison10
To: Mountain Troll
To: dennisw
Ahhhhhh....did you ever bury your nose in a mountian of curls? Did you ever pick up a shiny brick of gold......
To: Anti-Bubba182
that way we can take his gold? or perhaps keep him from trying to take our food?
13
posted on
03/07/2009 12:16:13 PM PST
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: dennisw
Newsweek is perhaps hoping to inspire some summary reposession actions by the brothas. They know where the nicer neighborhoods are.
14
posted on
03/07/2009 12:16:35 PM PST
by
Steely Tom
(RKBA: last line of defense against vote fraud)
To: dennisw
I sold near the high about a week ago...now I'm holding fiat paper and praying for a serious drop in prices so I can buy back in.
here is a tube of 20 Gold 1oz Eagles next to my little ham rig for size comparison....these were over 1000.00ea a few days ago.
15
posted on
03/07/2009 12:16:58 PM PST
by
Bobalu
(McCain has been proven to be the rino flop I always thought he was.)
To: George Smiley
“Imagine trying to buy stuff with a thousand dollar bill”
heck soon you’ll need a couple of those for a loaf of bread.
16
posted on
03/07/2009 12:16:59 PM PST
by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: dennisw
I have a few $20 gold pieces and a bunch of Morgan silver dollars that I bought years ago as a coin collector, but a closet full of gold bars is way out of my league.
To: George Smiley
The problem with large-sized gold is “what are you gonna trade it for WTSHTF?” .......
That can be a problem with one ounce gold coins too. The game plan is not use gold at all until the crisis passes. You can buy junk silver coins today... and use them for purchases during “the great chaos” Silver will not attract so much attention. Also pile up some green cash and spend that
18
posted on
03/07/2009 12:18:39 PM PST
by
dennisw
(Archimedes--- Give me a lever long enough and a fulcrum to place it, and I shall move the Earth)
To: dennisw
You can’t show up at Walmart and buy groceries with gold. At least not yet. You’ll need to be able to exchange your gold for cash. Thus, assuming for sake of argument that gold really is the best hedge against Obama-flation, does it make much sense to buy a $100,000 bar of gold like the guy in the article? Wouldn’t gold coins be a much smarter choice, as they could be converted to cash gradually and on an as-needed basis?
To: dennisw
“president of First Federal Coin, says he always recommends “a safe-deposit box in a good bank”
And which bank is that??
20
posted on
03/07/2009 12:18:48 PM PST
by
Kent C
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