Author Topic: America is heading into trouble, buy gold (Read 621 times)

ra · « **Reply #15 on:** December 15, 2003, 09:12:59 PM »

"Very good point, though better or not depends on circumstances. A house where you can survive the hard times is different from any random property.
Like a house in a country with a few acres of wood, private well, huge tank of heating oil, huge tank of LP for regular cooking or running a backup generator in case of electricity disruption."

If you are a survivalist that's the way to go.

"After the government confiscates a huge chunk of value that is really an inflation trick, not a real capital gain."

It depends if the house has increased in real value, not just keeping with inflation. Most people who own a home for 30 years are better off than if they had rented.

ra

miko2d · « **Reply #16 on:** December 15, 2003, 09:23:08 PM »

Scootter: In that case buy tools, ammo, salt, guns, seeds, motor oil, spark plugs. soap. meds. tampons. condoms. band aid, etc. these will be worth more then gold and much more useful.

Do not forget fishing hooks. Yes - those things are great help to survive the period of problems. After a while the life will probably come back to normal - that's when gold can be converted back into regular wealth.

ra: Most people who own a home for 30 years are better off than if they had rented.

Now - yes, we are riding a bubble. But you are talking about buying a house now, so it may not appreciate quite as well.

miko

Scootter · « **Reply #17 on:** December 15, 2003, 09:29:52 PM »

Miko,

I will have plenty of gold, you see others will pay for my salt.

PS. I can make fish hooks in my shop by the hundreds.

NUKE · « **Reply #18 on:** December 15, 2003, 09:30:08 PM »

Ever wonder why professors are busy teaching instead of working in their field and making the big bucks? It's mainly because they can't produce, but boy they sure can teach!

Maverick · « **Reply #19 on:** December 15, 2003, 10:16:20 PM »

Always wondered. You guys buying actual metal that you have in your possession or just a paper saying you own x amount of gold shares???

If it's the actual metal then maybe you could trade it to someone who thnks it will be worth something when civilzation falls after the apocolipse (sp??).

Scootter · « **Reply #20 on:** December 16, 2003, 06:28:25 AM »

Quote

Originally posted by Maverick
Always wondered. You guys buying actual metal that you have in your possession or just a paper saying you own x amount of gold shares???

If it's the actual metal then maybe you could trade it to someone who thnks it will be worth something when civilzation falls after the apocolipse (sp??).

Word up- Mav