Should I buy GOLD even though the price is so freakin HIGH ??? | |
yoyodyne User ID: 1302616 United States 03/20/2011 03:01 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 1301834 United States 03/20/2011 03:05 PM Report Abusive Post Report Copyright Violation | Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet. Quoting: yoyodyneAbsolutely 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. |
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Anonymous Coward User ID: 1301834 United States 03/20/2011 03:09 PM Report Abusive Post Report Copyright Violation | People said the same thing when it was $500 an ounce. It's all relative. Quoting: redpill2010You think our currency is going to become worth more or less? That's the only question to ask. 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 United States 03/20/2011 03:10 PM Report Abusive Post Report Copyright Violation | Gold will be worthless when it all hits the fan. Ammo, food, and water would be a better bet. Quoting: yoyodyneAbsolutely 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. 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 Report Abusive Post Report Copyright Violation | People said the same thing when it was $500 an ounce. Its all relative. Quoting: redpill2010You think our currency is going to become worth more or less? That's the only question to ask. Thats what i think even if its not gonna go up , its safet then paper dollars |
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I know I AM User ID: 1305923 United States 03/20/2011 03:14 PM Report Abusive Post Report Copyright Violation | I was thinking of buying some gold and silver american eagles at a local coin deaaler tomorrow. Quoting: Anonymous Coward 866810You 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? 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 |
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Anonymous Coward User ID: 1295461 United States 03/20/2011 03:18 PM Report Abusive Post Report Copyright Violation | 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? |
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Anonymous Coward User ID: 1305903 Brazil 03/20/2011 03:21 PM Report Abusive Post Report Copyright Violation | Can you eat gold? Quoting: Anonymous Coward 1305903Can you eat dollar bills? Money is for buying things, like food, and gold is the most liquid form of money. 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 Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | Are you sure? Quoting: Anonymous Coward 1305903In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull 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 Report Abusive Post Report Copyright Violation | 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 1304023Well ...doom is YEARS away .... need to focus on money now to survive til then :P |
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yoyodyne User ID: 1302616 United States 03/20/2011 03:32 PM Report Abusive Post Report Copyright Violation | Are you sure? Quoting: Anonymous Coward 1305903In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull 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. 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 Report Abusive Post Report Copyright Violation | Can you eat gold? Quoting: Anonymous Coward 1305903Can you eat dollar bills? Money is for buying things, like food, and gold is the most liquid form of money. Are you sure? In an TSHTF situation, cigars, weed, chocolate, whisk, etc will be much more usefull Personally I would not trade my stuff for any of that which you listed. |