You can’t eat gold and good luck cashing it in when the SHTF.
brass, copper, lead
Goldbug ping
$1500? Wimps! That said, I think we need to let Cramer’s Monday-evening gold call work its magic for at least another day. $1200 just busted, so look for “them” to run stops +/- $10 for a while.
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I’m wondering if I shouldn’t buy tons of cartons of cigarettes...if everything crashes, it might be just as good, in some cases, as barter rather than gold. At least you can split up a pack rather than “chopping” a one ounce bar in half for fractional purchases.
Funny - others are saying this morning that gold is heading for a dive to $800.
http://money.cnn.com/2010/05/19/news/economy/gold.price.collapse.fortune/
translation: Blackstone has some gold it wants to sell
I have some gold coins I purchased in 1973, I don’t think it has gone to sh-t.