All that glitters is not always gold ...
Posted on 07/13/2009 5:10:39 PM PDT by SeekAndFind
in over their heads on this one.
I prefer ammo. You can’t protect your family , hunt food and barter with gold .
When the gold market crashes, will Barry be there to offer a bailout? /sarcasm
Hedge you bets, use silver bullets.
I don’t think we’re going to be up against vampires.
1. Always expect the unexpected.
2. Silver bullets kill werewolves, not vampires.
3. Shoot for the head, it might be zombies.
well said. I have been of the same belief for quite a while myself.
I strongly believe in the value of gold. But people might be laughing again if Obama's Gestapo comes to confiscate his gold.
ML/NJ
Silver bullets for werewolves.
The truth for Liberals.....
Absolutely!!! I can't think of a better investment right now. I wish I would have bought truckloads of it 15 years ago when it was so plentiful and inexpensive. From here, I can't imagine it ever going down in value.
Lead is one of my preferred investments. But as to the one person’s comment that you can’t chip off a piece of gold to trade for food or another commodity, BS.
In the event of a currency collapse, there must be a medium of exchange. Barter and theft will not work in the long run. It seems to me that silver is a good thing to look at in that regard. 1 oz coins or bars are manageable and would be seen as a non corruptible currency, as opposed to paper. I own mine primarily in 1 oz form for that reason.
I have mine for nasty scenarios, not an investment as such. I’ll be happy if I never need silver to buy food.
Now, a little something for the investment counselors: Watch what governments do, not what they say. And governments are sending signals that they are taking a more serious interest in individual’s purchases of bullion. I read that we can expect more monitoring of our gold and silver buys that cross national borders. Along with special taxes and tariffs on said purchases. The government is getting interested in knowing *who* owns bullion, *and* how much. I don’t need a “financial expert” to divine what lies behind that.
I would not at all be surprised, in the event of a severe crash, to see the feds demand we “turn in” our holdings of precious metals. Probably in exchange for some revised form of dollar or some new paper currency, or government chit.
Obama's Gestapo could confiscate anything. The aforementioned ammo would probably come well before the gold.
Might be? I think it is pretty well established that Obama-ites are zombies.
All that glitters is not always gold ...
If you live in a big city, what do you hunt, rats and pigeons?
Lead and seeds. Growth commodities.
I agree, food, fuel and firearms are all solid in uncertain times.
If it ever comes to that the answer to your question is neighbors. They are in plentiful supply.
Know what’s great about gold? Really hard to make more of it.
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