yessir masser - us po folk won't be sayin nuffin bout yo gold

 

Considering that this guy just joined up, and then jumps head-first into one of the most heated topics,being uncharacteristically aggressive and rude,especially for a new member,well..... my Spydie senses are tingling.
I'm thinking we may have found another "re-tread" here.

( I bet he ain't still here in 3 months....if that.)

 

The people without wealth to protect are probably the younger half of the nation. So their main worry is not about protecting wealth -- but about obtaining it in the first place. Gold's ability to beat inflation (not just match) is dubious, and you don't make much money flipping it short-term. Everyone knows its value, and your margins/spread will be very slim if you intend to actually earn money with it.

There was a time when real estate was THE thing to have. For the people who inherited huge family farms after the Homestead Act of 1862, and if it managed to survive the Great Depression their descendants made out quite handsomely. But eventually, it got priced too high, as with McMansions, and only the Boomers could trade amongst themselves. No new generation of buyers at that scale, no generational transfer of wealth: an aging (and shrinking) potential buyer demographic.

So if we continue as we are, the the younger half of the nation may really NOT be that much interested in gold (they can't afford it), and we may see another bubble burst. I don't see this happening for another decade or two, though, for various reasons. People downsize big homes, pay property taxes on desirable property, etc. so eventually want to unload them. It could well be that they'll never want to unload their gold at a loss, unless they're totally broke.

 

Gold's ability to beat inflation (not just match) is dubious, and you don't make much money flipping it short-term. Everyone knows its value, and your margins/spread will be very slim if you intend to actually earn money with it.

When you're saying you can't make much money flipping gold I assume you are only referring to the physicals market and not the futures market or stock market, right? There's lots of money to be made off of gold in both the futures and stock markets.

 

Why buy when the price is high? You buy when prices are low. If things do not go bad and get better, you loose money. My point is that yes, gold has value and will continue to have value but there are cheap resources that you can invest in now whose value will only go up in the future. Especially if things go back quickly.

Who is really protecting their wealth? The people buying the gold, or the folks selling if for top dollar. Ask yourself, if gold was the cash cow that it was then why would so many sources be willing to part with it?

Would you sell you prepping supplies if you honestly believed teotwawki was around the corner? Does not make sense. There are other, better options until the price of gold goes down per ounce. Just my opinion on the matter.

 

Why buy when the price is high? You buy when prices are low. If things do not go bad and get better, you loose money.

While correct, these are painfully obvious points that pretty much everyone gets.
The big underlying and often misunderstood fact is that gold is largely valued inversely with fiat currencies. Gold hasn't so much "gone up" in the past few years, it's that the currencies it's valued in have depreciated due to rampant "printing". For gold to fall through the floor,at this point, I believe it would take something that simply ain't never gonna happen, meaning a complete overhaul of current fiscal policies, the degree of which is now mathematically impossible to achieve.They simply CAN'T un-f#@k the situation.
So now, the only bullet left in the chamber for the .govs/central banks is continue doing what devalues currencies, and inevitably enhances gold's value.
Quite likely, gold IS cheap right now.

 

I just find it funny everyone of these threads I see the same people repeating how rich they've become and need to protect they're assets. I think we get it.

 

good glad you get it, just tired of the cant eat gold crowd marching in here daily. the same people repeating themselves are defending their stance against the masses.

 

Buy when it's low, sell when it's high not the other way around.

The reason people are all in a hullabaloo about 'buy gold' buy now, no better time to buy gold! Pretty simple, they want the inflated price of gold to keep going up, it's going to be another bubble to burst.

SURE the first people to purchase gold in the early 2000's made out pretty damn well, but they want to keep making out damn well and the only way to do that is to make gold on the market scarce and the only way to do that is to have people buy it up.

 

please don't slam metal just because you cant afford it

haha... crazy. If your for gold then great if you not then great, but to say someone is poor because they don't have the same investment strategy as you... that is just plain stupidity talking.

 

Obviously you don't understand what gold is in relation to money... um, it IS money.

The paper fiat people hold so dear is just an illusion of a promise and they're printing that illusion into oblivion.

There's a solid reason why central banks and cashed up governments have been buying gold in the hundreds of tons. Think about that for a moment. They realise there is a coming shift in the modern economy that will be away from the USD, and likely away from any current fiat currency to something either new (yet unknown) or to something old (think gold).

Either way, gold is real, has value and can't be hyper-inflated. Unlike those folding things you put in your wallet.

 

Gold is so beautiful.

Well, maybe not. :

 

Fo shizzle, who's yo Pimp Daddy ? :

 

With the current economic situation anyone rich,poor or whatever should have a plan of some kind to counter the uncontrolled govt. creation of money from nothing but air. Ignoring the problem is a fast track to failure.

If you think the out of control govt debt and destruction of the currency values doesn't affect you enjoy your delusion. I hope you have a means to survive and at least break even as things decline.

I try to put the odds in my favor.

Red

 

If you don't want slammed....don't come here doing it your damn self.

Maybe poor isnt the issue...if I can't eat it or use it for self survival, I have no need for it. Gold will be useless is a serious widespread STHF sceanario.

Probably not the brightest bulb telling everyione on here you have a stockpile either....

In short, if you wish to not be chastised and are tired of the anti gold threads: ignore them and do not start another thread on gold ridiculing people.

Thus endeth the lesson

 

, I have no need for it. Gold will be useless is a serious widespread STHF sceanario.
Thus endeth the lesson

You can't be nearly so confident that there will even be a "serious widespread SHTF scenario", nor can you state as a fact that you'll have no need for it, NOR can you state with any authority that gold would be usless should one occur.
Thus endeth THIS lesson :xeye:.

 

All the bric nations have agreed to buy oil for gold by 2018. India has already started.

Forget everything else. because of this alone gold is a good investment.

 

Diversify, diversify.

 

Thanks for doing exactly what I expected....the all famous "I can't challenge anything so I go for their spelling" attack.

Real nice

No matter how much food you have, eventually it will run out. fact.

If you have to relocate, gold is heavy, ya know....or did that part skip your perfect, all inclusive prepping plan. I think the only reason you are responding with a sense of anger behind it is because you are unsure yourself whether you made the right decision, but have dumped too much money into it to find out.

You won't change my mind, so you can stop now. Hoarding gold only makes you a target for the feds and others if they decide they want it....or do you have a "super duper" top secret room to store it in that you were probably dumb enough to post in the "show me your hidden room" threads

 

Yeah,sure,dude....you "set me up" for the ol' "spelling attack" ruse. Gotcha.:thumb:
The rest of your post is beyond stupid. "Gold is heavy"? LOL,how much of this stuff do you imagine we all have ?? I can carry my gold in one hand, and my silver in a large ammo can. What,we're you envisioning a friggin' boxcar ??
And I'm not responding "with a sense of anger" at an opposing point of view, but at having to fend off the same illogical,nit-wit arguments, over and over.........FOR YEARS !!!!
As for my food running out (well,no $#!+, Sherlock ), exactly what do you have that won't run out ? Lemme guess....a "self-sustaining farm" ( sure you do ) but even IF, you don't think the feds would and could find and confiscate that well before my tiny handful of gold ??

 

You would think it is Friday night and everyone is imbibing to much

 

Auntie Em, Auntie Em . . .

Now it's Friday night, and yes, the imbibing is occuring in the Land O Friggin Lono. :thumb:

I had a cauldren of mental pain to kill from today.

Excuse me while a kick back in time for a moment. Turn up the YouTube volume and close your eyes. 4 & 20:

 

Debate is good.

Different investing strategies are good.

Ignorance is best. I've made a bunch off those folks.

 

Debate is good.
.

i didn't expect debate, i would have been happy if the thread was closed after i made my point.

 

In any type of investing the general rule is if you start when you read it on the front cover of a newspaper you are way to late. If you want to buy gold then buy gold. No one will stop you. Three possible situations will happen.

1. An economic weakening or collapse. The dollar will suddenly lose significant value but as solutions to current problems are found it will slowly rebound. Gold is neither good or bad in this situation. In the long run it wont lose any value but it wont gain much value. Because it will still be pegged to a world market. There will be a temporary period where gold will go through the roof and then collapse again. People will think that it is a financial solution but then realize the demand for gold in real markets is low. If the dollar has little value then what will you do with the gold? It will be a need based economy and no one would really need gold. The best way to ride out a situation like this is too not be finacially dependent. I have very little debt and have enough skills that I can do odd jobs for food if need be. The goverment will be on top of all gold transactions IE they will be illegal.

2. SHTF situation. So everything collapses and the US goes into a rebuilding mode. This is even more of a need based economy and gold wont have much value. A barter system is more likely.

3. TEOTWAWKI. Gold has no use.

Heres a good article from a gold seller

"...Foreign Exchange: Those who held funds in dollars, pounds or other stable currencies, or in gold,saved their capital. The government set up rigid exchange controls as the inflation proceeded. As usual under such conditions, a black market flourished. The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early, before new laws made this difficult and before the mark lost too much value."

Translation- It became illegal to purchase, deal, or trade in gold or foreign money. The govt outlawed it. That made gold useless unless you wanted to break the law. So they had to sit on their gold just as the money holders had to sit on useless cash. I have no doubt that the govt will confiscate gold in hyper inflation. They confiscate the gold, issue you a certificate (IOU) and pay foreign debtors with your gold. The govt no longer likes winners and losers. They will also make the gold market very regulated so you will have to deal in a black market where you risk exposure and prison time. It is not like there is a handful of 'smart' people buying gold. Millions of americans are buying gold. You think that the govt hasnt planned on how to handle gold owners in hyper-inflation?

So I do not see the purpose of buying gold for a situation that may or may not happen when prices are extremely high and you could lose it all anyways.

 

"Real Estate: Farmers and holders of urban property seemed to benefit if their property was mortgaged; the inflation soon wiped out the mortgage debt. However, they received no income, as noted above, since rents were frozen. After the stabilization, heavy new taxes and the urgent need for cash forced most holders to remortgage their property, often more heavily than originally, so that their gains were illusory. Still, those who held real estate throughout managed to save the capital thus invested. However, those who sold during the inflation (often through desperate need for cash) fared poorly. Because it brought no income, real estate sold at extremely low real price levels during inflation."

Same article as linked above from the gold seller.

In time of hyper inflation the best hedge is mortgaged property as long as you can stay employed to make the payments.

Hyperinflation buster

Be debt free except property
Have food and supplies saved for 1 year+
Be familiar with gardening
Have skills so you can prosper during a needs based economy
Always look for financial opportunities (most fast fortunes are made in bad economic times)

 

For what it's worth ...

http://debka.com/article/21673/

"India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned
DEBKAfile Exclusive Report January 23, 2012, 5:57 PM (GMT+02:00)"

 

I see we have a couple of new kids here today. So let's focus on what is real.

If you don't have to move it, protect it, or hide it from prying eyes, storing up a large amount of useful tangible goods is the real objective. Tangible goods like food, water, protection from harm, a self sufficient farm, and a secure shelter. The objective is to store some, plus have the means to keep replacing these tangible goods.

But here comes the problem.

You may have to move it, protect it, and hide it from prying eyes. In fact, I guarantee that they folks with food, well water, cropland, fruit trees, solar panels, and diesel fuel will have to move, hide, or protect this stuff.

How? How do you keep the deed to your farm? How do you pay property taxes? How do you hold enough of your neighbors together, in order to protect your tangible stuff from those that got nothing?

Under every plausible scenario I can think of, having a dozen gold coins and a bag of junk silver, allows you to protect the tangible goods we all know we will need. They will maintain value as long as there's some local or country government around to offer the security of a county sheriff.

And as long as you buy them secretly, cache them, and keep your big mouth shut, there is no real chance that some grifter or the government is going to take them away.

Ps, yes I bought the weapons, food storage, and the 64 ac ranch first.

 

Under every plausible scenario I can think of, having a dozen gold coins and a bag of junk silver, allows you to protect the tangible goods we all know we will need. They will maintain value as long as there's some local or country government around to offer the security of a county sheriff.

And as long as you buy them secretly, cache them, and keep your big mouth shut, there is no real chance that some grifter or the government is going to take them away.

---Taxes---
You,"Sir im here to pay my taxes in gold shavings."

Them,"Sir you do realise paying in gold is illegal."

---Trading---
You, "how much gold for that generator"?

Them,"I dont know if that gold is real or not, got any food to trade"?

---Televison Commercial---

Do you know anyone that has gold stashed away? A brother, sister or family friend? Do your part as a citizen and report all gold hoarders! Afterall it is the gold hoarders that keep our economy from growing. Remember every valid gold hoarder tip is eligible for extra ration cards.

 

Gold is good because fiats are F.U.B.A.R.

 

I think a lot of the opinions on the current value of gold simply have to do with the fact that the price had increased so rapidly but that's not an ample reason for declaring it overvalued. You have to take into account the rapid expansion of our money supply. This dilutes the value of each dollar in our pockets. Dilution in the value of our dollar not only means it will take more of those dollars to buy an ounce of gold (or any other precious metal) but it will also take more of those dollars to buy your favorite rifle and ammo and food (you get the point). As the Fed prints more and more money it is only common sense for many of us to move some of our money from cash that is being devalued through dilution to physical metals which have proven to be a store of wealth for thousands of years.

This doesn't even get into the supply/demand of precious metals.

Remember precious metals aren't the same thing as collecting baseball cards. Sometimes I feel people perceive it that way since they clearly don't understand the value or even the industrial uses for some of these metals, let alone all of the historical examples of societies and cultures that have all placed a similar value on them.

Currently I like silver and platinum much more than gold for what it's worth (I still hold gold but think future PM purchases are better off in those other metals for valuation reasons).

 

Just a thought: If we were to go back tothe gold standard, the guberment would sezie gold from private citizens - it happened before, would damn sure happen again

 

Got a question.

If the gov. decided to start rounding up or 'seizing' private citizen's PM's....

How do you seize something you can't find? Let's see....yeah, I bought some PM's back in the day, but I got robbed. It fell out of my boat, I lost it on a bet,....

Or maybe best of all, my ex stole it and has it. Here's her address. :

 

The fact that people are calling me names and cannot string two sentences together does not change my mind. In fact it strengthens my opinion that gold is for panicky crowd followers. Not intelligent people with well thought out foresight.

 

In my not so intelligent forethought, I turned gold into aluminum.

GFYS newb.

 

You know, a while ago I hit hard times. I took 70% of my savings and dumped it into PMs. Had I not done that I'd likely have spent those savings trying to keep on top of things. As it turns out, I've been able to keep on top of things and not had to use my PMs to save my butt.

I still have my PMs and they have maintained their value respective to the rising cost of goods. I'd not have had that store of wealth without PMs. Sure I could have just left it in the bank to earn some measly interest, but what if the economy had collapsed in the last 12 months (as it could in the next 12). I'd be broke and have nothing.

My PMs allow me some flexibility in my finances and offer protection outside the fiat game.

If you don't want 'em, don't get 'em, but if you think PMs are a waste of money, be prepared for the poverty that will come upon you because you failed to see or understand what is happening with fiat currencies.

They ain't called 'precious' metals for nothing.

And Matt, I've well thought out my preps and PMs are a part of them. I don't advocate that anyone should buy PMs without first aquiring at least 12 months supply of food and associated goods, and I sure as Pete don't think PMs should be part of every single persons preps. They are a part of mine because my world view doesn't let me see things getting better for governments of fiat currencies, and take your pick, they're all up the creek without a paddle.

If there was a better vehicle for wealth preservation that was as easily obtained, transferred and recognized outside the fiat system I'd be in, but to my knowledge there's not.

About a month ago I showed some friends a 1oz Kookaburra. They couldn't believe it was pure silver and all thought it was probably worth a couple of hundred bucks, when in fact you could've bought one for less than $40 at the time.

The point is this - Even though they knew very little about PMs, they knew that a silver coin had real value, even if overestimated, they could see it was worth a lot more than a piece of paper (or in our case, plastic). And better still, they touched it and looked at it like they'd found treasure.