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Should I buy GOLD even though the price is so freakin HIGH ???

 
Anonymous Coward
User ID: 866810
United States
03/20/2011 02:58 PM
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Should I buy GOLD even though the price is so freakin HIGH ???
I was thinking of buying some gold and silver american eagles at a local coin deaaler tomorrow.

You gus think the price can still go up? ...or is it just a temporary demand and it might crush later on ?

good idea to buy now or not?
yoyodyne

User ID: 1302616
United States
03/20/2011 03:01 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet.
Anonymous Coward
User ID: 1304023
United States
03/20/2011 03:01 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Only cowards buy Gold.
Anonymous Coward
User ID: 1270082
United States
03/20/2011 03:02 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Basic investment strategy is buy high and sell low.....
Anonymous Coward
User ID: 1301834
United States
03/20/2011 03:05 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet.
 Quoting: yoyodyne


Absolutely not gold will always be a safe bet.

It always goes up in times of chaos and uncertainty and never drops afterwards.

It will always be a good trade medium as well as silver b/c there is a limited supply.

It packs easily and a small amount is worth alot so its a ripe form of currency as well.

I would actually invest in silver first it will be even more commonly used for barter/trade if things get worse.


And by invest i mean actually get your hands on it.
redpill2010

User ID: 973796
United States
03/20/2011 03:06 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
People said the same thing when it was $500 an ounce. It's all relative.

You think our currency is going to become worth more or less? That's the only question to ask.
Anonymous Coward (OP)
User ID: 866810
United States
03/20/2011 03:07 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Basic investment strategy is buy high and sell low.....
 Quoting: Anonymous Coward 1270082


So u think it wont go higher anymore ?
Anonymous Coward
User ID: 896635
United States
03/20/2011 03:07 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Basic investment strategy is buy high and sell low.....
 Quoting: Anonymous Coward 1270082


So u think it wont go higher anymore ?
Anonymous Coward
User ID: 1304905
United States
03/20/2011 03:08 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
We won't need gold where we're going as a planet...
THOR
User ID: 1178573
United States
03/20/2011 03:08 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
are ya gonna eat it?
Anonymous Coward
User ID: 1301834
United States
03/20/2011 03:09 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
People said the same thing when it was $500 an ounce. It's all relative.

You think our currency is going to become worth more or less? That's the only question to ask.
 Quoting: redpill2010


value of gold and silver is not tied to our currency

we lost the gold standard along time ago

tptb have been trying to get as much as they can for the last 2 forevers


They are both the oldest known forms of currency for a reason, and I believe they will stay the most important form well into the future
yoyodyne

User ID: 1302616
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03/20/2011 03:10 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet.
 Quoting: yoyodyne


Absolutely not gold will always be a safe bet.

It always goes up in times of chaos and uncertainty and never drops afterwards.

It will always be a good trade medium as well as silver b/c there is a limited supply.

It packs easily and a small amount is worth alot so its a ripe form of currency as well.

I would actually invest in silver first it will be even more commonly used for barter/trade if things get worse.


And by invest i mean actually get your hands on it.
 Quoting: Anonymous Coward 1301834


If I had the only can of beans or last 5 rounds of ammo within 500 miles there is no amount of gold I would take for it.
Anonymous Coward (OP)
User ID: 866810
United States
03/20/2011 03:13 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
People said the same thing when it was $500 an ounce. Its all relative.

You think our currency is going to become worth more or less? That's the only question to ask.
 Quoting: redpill2010


Thats what i think
even if its not gonna go up , its safet then paper dollars
Anonymous Coward
User ID: 1305903
Brazil
03/20/2011 03:13 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Can you eat gold?
I know I AM

User ID: 1305923
United States
03/20/2011 03:14 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
I was thinking of buying some gold and silver american eagles at a local coin deaaler tomorrow.

You gus think the price can still go up? ...or is it just a temporary demand and it might crush later on ?

good idea to buy now or not?
 Quoting: Anonymous Coward 866810


No in the bible it says they will throw their gold into the streets it will be worthless. Buy food water pay off bills like house or car you have to have some where to live, don't worry about paying off credit cards, what they going to do to you nothing.
I Know I Am
Anonymous Coward
User ID: 1304023
United States
03/20/2011 03:15 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Nothing like a nice piece of radiated Gold, burning a hole in your pocket. Maybe you can find a bunker someplace where you can spend it.
Anonymous Coward
User ID: 975155
United States
03/20/2011 03:16 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
DO NOT take investment advice from the people here.
Anonymous Coward
User ID: 1306052
Netherlands
03/20/2011 03:17 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Can you eat gold?
 Quoting: Anonymous Coward 1305903


Can you eat dollar bills?

Money is for buying things, like food, and gold is the most liquid form of money.
Anonymous Coward
User ID: 1295461
United States
03/20/2011 03:18 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
I don't have a good answer for you, maybe it will be an investment maybe it won't. Perhaps it'll be worth less dollars than you paid for it, BUT you'll at least have something universal to trade in. I would love to simply believe it'll be worthless like it says in the Bible, but what if that isn't really happening right now, even though a lot of us think it is. I do think you should have food, etc. But if you have food etc or a farm or access to food then why not supplement your goods with gold in the meantime?
Anonymous Coward
User ID: 1278246
United States
03/20/2011 03:19 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Many here think that you can't eat gold. In large quantities that may be true, but a little gold is a good thing. Yum.
Anonymous Coward
User ID: 1306052
Netherlands
03/20/2011 03:20 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold is good for insuring your money. If your money increases in value your gold decreases. If your money decreases in value your gold increases. This way you never lose purchasing power and you preserve your wealth no matter what.
Anonymous Coward
User ID: 1305903
Brazil
03/20/2011 03:21 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Can you eat gold?
 Quoting: Anonymous Coward 1305903


Can you eat dollar bills?

Money is for buying things, like food, and gold is the most liquid form of money.
 Quoting: Anonymous Coward 1306052


Are you sure?

In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull
Anonymous Coward
User ID: 1304023
United States
03/20/2011 03:23 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
If there is a huge catastrophe in America or anywhere else for that matter, think about it. How much will gold really help you? Not much I'm afraid. Spend your time worrying about other things like staying alive. Gold will not help you do that in a catatrophe. Food is more important and nobody will sell it to you if they need it for themselves. They could care less about your worthless Gold.
Anonymous Coward
User ID: 1306052
Netherlands
03/20/2011 03:26 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Are you sure?

In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull
 Quoting: Anonymous Coward 1305903


Wrong. Not everybody wants cigars, weed, chocolate or whisk as payment for their goods, but everybody will take gold.

That's how the market discovered gold as money. Through centuries of trial and error gold proved to be the most accepted good in exchange for other goods or services. Wen TSHTF it will be rediscovered the same way.
Anonymous Coward (OP)
User ID: 866810
United States
03/20/2011 03:28 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
If there is a huge catastrophe in America or anywhere else for that matter, think about it. How much will gold really help you? Not much I'm afraid. Spend your time worrying about other things like staying alive. Gold will not help you do that in a catatrophe. Food is more important and nobody will sell it to you if they need it for themselves. They could care less about your worthless Gold.
 Quoting: Anonymous Coward 1304023


Well ...doom is YEARS away .... need to focus on money now to survive til then :P
Anonymous Coward
User ID: 1263494
United States
03/20/2011 03:30 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold and Silver are money throughout the world. No fiat currency can say that.

It is insurance, not something one profits from.
Anonymous Coward
User ID: 1131751
United States
03/20/2011 03:31 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Nah buy bulk tampons and store them women will pay almost anything for them in a collapse have a think.
Anonymous Coward
User ID: 1131751
United States
03/20/2011 03:31 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet.
 Quoting: yoyodyne


And feminine hygiene products.
Anonymous Coward
User ID: 1303713
United States
03/20/2011 03:32 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Gold is a solid buy under 1400, its going to fluctuate, so buy the dips. Japan is the key, if they don't get that under control, gold will be worthless. If all the land on earth is contaminated, might as well kill yourself.
yoyodyne

User ID: 1302616
United States
03/20/2011 03:32 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Are you sure?

In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull
 Quoting: Anonymous Coward 1305903


Wrong. Not everybody wants cigars, weed, chocolate or whisk as payment for their goods, but everybody will take gold.

That's how the market discovered gold as money. Through centuries of trial and error gold proved to be the most accepted good in exchange for other goods or services. Wen TSHTF it will be rediscovered the same way.
 Quoting: Anonymous Coward 1306052


WRONG. Long before gold was used in exchange for goods things were traded for other things. Gold would be worthless for many many years after it hits the fan. Food, ammo, water, clothing, seeds, things like that will be traded for other things not for gold.
Anonymous Coward
User ID: 1305631
Sweden
03/20/2011 03:33 PM
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Re: Should I buy GOLD even though the price is so freakin HIGH ???
Can you eat gold?
 Quoting: Anonymous Coward 1305903


Can you eat dollar bills?

Money is for buying things, like food, and gold is the most liquid form of money.
 Quoting: Anonymous Coward 1306052


Are you sure?

In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull
 Quoting: Anonymous Coward 1305903


Personally I would not trade my stuff for any of that which you listed.





GLP