Gold is Gold. Right?

[joes]

Here is a great site about precious metals for your friend...
www.kitco.com

[Lono]

Originally Posted by DeltaS

You cannot really look at historical figures to address this because man has never been so dependent on infrastructure and technology as we are now to survive. . . .

Gold wont have any value until survivors relearn how to live from the ground again. I think tools and things of that nature will still have greater value at that point. Gold won't be gold until needs can be readily satisfied and wants start to become a factor again.

Man has been reliant on others, trade, and the financial tools to facilitate trade since the dawn of the stone age when we went from a hunter gatherer society to farming and permanent settlements when people became specialists and used some form of money to exchange goods and services. This isn't rocket science. You can ignore history at your own peril. I get a kick out of the thinking that nothing in the past applies today since we are so advanced.

Is it any wonder that the "no child left behind" government philosophy has brought us to this point in time, and on purpose. Now we have a huge segment of the population who can't think, could give a rats ass about history let alone financial history, and weren't required to learn anything that could prevent the election of the criminals we have today. The sad result is now we have the first "American Idol" president. The Founding Fathers must be very proud of us.

The power grab by the combined Corporate/Military/Industrial NWO elite, employing government officials owned by both parties, is almost complete.


Welcome to serfdom.

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"What good fortune for governments that people don't think."
- Hitler

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Edit:: Sorry for the rant. I had stayed away from the Financial Forum for a long time, think I may do that again.

On a side note, one of the local coin dealers stopped selling silver the other day . . .

[vicdotcom]

Originally Posted by DeltaS

You cannot really look at historical figures to address this because man has never been so dependent on infrastructure and technology as we are now to survive. 99% of ppl will starve short term if SHTF and the rest will be in desperate straits when medicine becomes necessary medium term. Then tools and transportation will be key long term.

Gold wont have any value until survivors relearn how to live from the ground again. I think tools and things of that nature will still have greater value at that point. Gold won't be gold until needs can be readily satisfied and wants start to become a factor again.

And speak honestly... what type of "SHTF" scenario can you think of where this will happen to the entire world at once?

What you are thinking about is "end of the world" stuff. If it were end-of-the-world stuff, I would agree with some of your argument. That in the short term gold will not be worth much but food and other needs satisfied first.

But things like war, famine, revolution, plague etc etc are more likely to occur then another earth-busting asteroid. And in the history of mankind, these are the scenarios where gold has a LOT of value.

[txflyboy]

Ya'll weed out the gold dieter's yet?

OP, tell your friend gold is gold. What makes the difference is the price, the premium, and the shipping. The more I work with PMs in Quicken, and study the gains and losses, the more I have realized that premiums and shipping account for a huge part of the metals short term performance.

Buy PMs on a dip (like now), and buy it with the least premium you can find. If you can get a coupon for free shipping, that's even better. The point of stacking is to stack as many oz.'s as possible for the least amount of $. An occasional specialty item or trinket is o.k., but I don't price those in on my core stack performance matrix. My core stack is coin and bullion.