Will anyone regret not buying gold at $2,270 ?
- Thread starter bushmaster1313
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The biggest problem with silver is it would be hard to carry it all if I decide to go on the lam.
I don't consider gold & silver to be investments, but as a hedge against the collapse of the dollar. 20 years ago that seemed like a ridiculous concern. Today...?
Greenbacks are a debt instrument. They represent the Fed's promise (and ability) to pay off its debt. The likelihood of that should be obvious.
I don't consider gold & silver to be investments, but as a hedge against the collapse of the dollar. 20 years ago that seemed like a ridiculous concern. Today...?
Greenbacks are a debt instrument. They represent the Fed's promise (and ability) to pay off its debt. The likelihood of that should be obvious.
My thinking is that beans and bullets will have more value than gold when the SHTF. But I've been told I'm dumb as a clam. Larry
Nope.
I am not a fan of silver and gold myself, or anything "man" values as precious really.
Not a fan of paper money either, and think that if the people in charge of such things (on all sides & worldwide) keep making bad decisions with our economy and money, that'll be worthless at some point too.
I prefer to invest in steel and lead.
The old adage of the 3 B's: Beans, Bandages, and Bullets.
As someone else said, you can't eat gold either...
To each their own. I like the idea of having tangible objects that benefit my day to day life.
I wouldn't turn down a gold mine if I stumbled onto one, but I don't willingly buy into it either as an investment. Like anything else, it clearly fluctuates. No promise of return on investment.
Also, any end of the world as we know it movie I can recall, no one seemed to care about gold that I can think of.
I am not a fan of silver and gold myself, or anything "man" values as precious really.
Not a fan of paper money either, and think that if the people in charge of such things (on all sides & worldwide) keep making bad decisions with our economy and money, that'll be worthless at some point too.
I prefer to invest in steel and lead.
The old adage of the 3 B's: Beans, Bandages, and Bullets.
As someone else said, you can't eat gold either...
To each their own. I like the idea of having tangible objects that benefit my day to day life.
I wouldn't turn down a gold mine if I stumbled onto one, but I don't willingly buy into it either as an investment. Like anything else, it clearly fluctuates. No promise of return on investment.
Also, any end of the world as we know it movie I can recall, no one seemed to care about gold that I can think of.
Me too. The buying and selling commissions will eat you alive........And....What's a metal bar when might need cash fast?
HOUSTON RICK
Member
I cannot eat gold or load it into any of my firearms. I imagine that lead will be the post apocalyptic metal of choice.
Well, I can say I won't. Never had any interest in buying gold as an investment, and very rarely as a trinket.
Seems to be a lot of assumptions that the purpose is to prep for a Walking Dead scenario. A repeat of a Weimar Republic or Rhodesia situation is much more likely.
Well, it's up $30 today.
Somebody paid attention in class. Joe
LVSteve
Member
Not me, but I do regret not buying gold in '98 when they were closing mines here in Nevada and gold dipped below $300/oz. Of course, I didn't know that the 2-3 year job I started in '97 would result in me still being here 25+ years later.
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Between the zombie apocalypse and the Weimar Republic there is probably a more probable outcome than those two extremes. Precious metals can be a good diversifier as they are a non-correlated asset. You don't have to buy physical gold. You can buy mining company shares or depository ETFs like GLD.
Think of it as a hedge against a market apocalypse...
Think of it as a hedge against a market apocalypse...
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FWIW, I understand the idea that PM's always "hold" their value relative to the cost of other goods.
But it seems to me that in a true ****F scenario, my meager collection of handguns, ammo, and reloading supplies will hold more immediate value than their weight in silver and gold.
From my perspective, a complete societal collapse seems the more likely thing to prepare for - rather than just an economic collapse.
Because if we experience an economic collapse, a complete societal collapse can't be far behind.
JMO and YMMV - act and invest accordingly...
But it seems to me that in a true ****F scenario, my meager collection of handguns, ammo, and reloading supplies will hold more immediate value than their weight in silver and gold.
From my perspective, a complete societal collapse seems the more likely thing to prepare for - rather than just an economic collapse.
Because if we experience an economic collapse, a complete societal collapse can't be far behind.
JMO and YMMV - act and invest accordingly...
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Gold at 2340. Silver over 27. FOMO buying?
NO REGRETS - Local Sell Back Price Offers just insults
Insulting buy offers this week from local pawn shop,
Did not meet Alla Baba and the other 39.
I was offered $585 for a 27.8 grams 14K necklace with a MELT VALUE or just over $1200.
I was also offered EIGHTY CENTS for Pre 64 Silver dimes with MELT VALUE of almost $2.00.
Have a couple of more places to price check in area.
Probably will have to ship.
Bekeart
Insulting buy offers this week from local pawn shop,
Did not meet Alla Baba and the other 39.
I was offered $585 for a 27.8 grams 14K necklace with a MELT VALUE or just over $1200.
I was also offered EIGHTY CENTS for Pre 64 Silver dimes with MELT VALUE of almost $2.00.
Have a couple of more places to price check in area.
Probably will have to ship.
Bekeart
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8 cents for a silver dime, face value is 10 cents. WTH.
Seems pretty dishonest. I've bought from a coin shop but have never tried to sell.
Was headed to TJ in '67 with a Girlfriend.
TSgt buddy asked if would drop off 200 pounds of gold, from his family's old gold mine, while I was there.
My only question, "will the prison owners allow my sweetheart and I, to bunk in the same jail cell?"
IIRC
USA $35/oz
TJ over $100/oz
He understood my .... No thanks.
My regret was not buying his freshly skinned, zero time since overhauled '47 Aeronca Champ, that his family bought new in '47.
Price to me was less than 1K.
Sad but true... as I was invested in building a Harley chopper.
Plus there were rumors that Speeds Airport, near our home, might be closing.
TSgt buddy asked if would drop off 200 pounds of gold, from his family's old gold mine, while I was there.
My only question, "will the prison owners allow my sweetheart and I, to bunk in the same jail cell?"
IIRC
USA $35/oz
TJ over $100/oz
He understood my .... No thanks.
My regret was not buying his freshly skinned, zero time since overhauled '47 Aeronca Champ, that his family bought new in '47.
Price to me was less than 1K.
Sad but true... as I was invested in building a Harley chopper.
Plus there were rumors that Speeds Airport, near our home, might be closing.
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