Just one question:
How do you keep buying gold if you never started buying gold?
Anybody got a simple answer?
(actually, I do have a gold pan somewhere and a small dredge...)
One simple answer is, he’s not talking to you personally but to the general public, of which you are a member. The general public has been buying at least some gold, and should continue doing so. It would be acceptable under this interpretation for you to begin buying gold, even though that would appear to contradict his instructions to “keep” buying gold.
Forget buying Gold. Stock up on canned goods. If there is a meltdown a can of food will be worth its’ weight in gold. Or, stock up on lead and brass. You can use it to get all the gold you want.
Start where you are.
Look into buying bullion coins and bars-
sold in small amounts of 1 grain to 1 troy oz or more
You can browse eBay or any of the precious metal selling sites to get a feel for prices
My first purchase was coins of 1/10 oz - easy money if I ever need to cash them in or barter them. You pay a premium over spot price of metal for the coin but get it back when you sell
Silver is also real money and cheaper. Pre-1964 US coins have 90% silver content and are called “junk silver”, you can accumulate them
Here is an idea of the precious metal value of gold and silver coins
http://www.coinflation.com/silver_coin_values.html
I don’t care what hoarders say- people will always need some form of recognized money and gold and silver habit from 10,000 years will be hard to break. If your local dealer had gasoline to sell or barter would he prefer silver or gold coin or 10 cans of beans?
Most gold (75%) is bought elsewhere in the world, India and now in vending machines in China. Imagine somoene buying 5 POUNDS of gold from a vending machine! I just wonder how the machines keep up with spot prices?
Of course, it's also a good idea to have at least 500 rounds for every weapon in your arsenal, and 1000 rounds for your workhorse rifles. That way, when those with the "I have a gun, so I can get all the food, gold and ammo I want from my neighbors" attitude can become carrion for the vultures in your driveway.
Scouts Out! Cavalry Ho!
How do you keep buying gold if you never started buying gold?
Anybody got a simple answer?