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Gold and Silver

Started by Ruteger, September 30, 2012, 01:32:42 PM

Ruteger

I have a very wealthy friend who advised me years ago to invest in gold. I did not listen to my dismay. Now, I am willing to buy even at $1700/OZ. With QE3, I think the value of the Dollar will erode further. Many say gold will escalate to over $3K an Oz. I welcome all opinions. Is Silver a good investment also?

ziznak

You really want a good return on your investment I'd say go for guns and ammo.

stevesh

I've never understood the recommendation for buying gold and silver. If the SHTF, how are you going to barter with gold coins (worth, technically, $1800 each)? Better, I think, to stock up on easily barter goods, like .22LR ammo.

You could buy stock in gold/mineral exploration companies as well as equipment manufacturers.

The other thing you can try is to (this is not investment advice just fantasy thinking) consider buying currency in countries with gold as a major export. If gold exports increase or become more valuable and the dollar cheaper, that would be a good way to make some money.

Ben Shockley

Quote from: stevesh on September 30, 2012, 03:23:28 PM
I've never understood the recommendation for buying gold and silver. If the SHTF, how are you going to barter with gold coins...
I totally agree.
Gold and precious metals of whatever type, for all their supposed "universal" value, only "work" within an agreed-upon system (which in these times that "libertarian," "survivalist" types think are so goddamn crooked and not really agreed upon but forced upon you).   When the "SHTF," gold and silver will do you exactly ZERO good.
Oh, you think they will?   What will 1 ounce of gold buy you after the "SHTF?"   One .50-cal MG?   One MRE?   One guy NOT raping your daughter?   One ounce of water?
Who will set the standard?  Never thought of that, did ya?

BobGrau

Am I right in thinking that gold is useful in electronics?

stevesh

Quote from: BobGrau on October 03, 2012, 03:11:35 AM
Am I right in thinking that gold is useful in electronics?

Yes, it's used mostly to plate connectors for better conductivity. 80% of gold is used for jewelry.

Pragmier

Quote from: Ben Shockley on October 02, 2012, 01:33:17 AM
I totally agree.
Gold and precious metals of whatever type, for all their supposed "universal" value, only "work" within an agreed-upon system (which in these times that "libertarian," "survivalist" types think are so goddamn crooked and not really agreed upon but forced upon you).   When the "SHTF," gold and silver will do you exactly ZERO good.
Oh, you think they will?   What will 1 ounce of gold buy you after the "SHTF?"   One .50-cal MG?   One MRE?   One guy NOT raping your daughter?   One ounce of water?
Who will set the standard?  Never thought of that, did ya?

This Twilight Zone episode comes to mind.

If(when?) the SHTF, besides a way to defend yourself the obvious commodities would be food & fuel. I learned that watching LOST ;)

Eddie Coyle

 
          How many pieces of silver will be needed to pay off a roving gang of irradiated cannibals?

         wooden ships on the water...

Ruteger


Done! Just bought an XD .40 with plenty of ammo. Added a Viridian green laser to boot.  >:(

Quote from: ziznak on September 30, 2012, 03:01:43 PM
You really want a good return on your investment I'd say go for guns and ammo.

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