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Lurks Often

(5,455 posts)
13. Never understood that,
Sun Jan 20, 2013, 04:31 PM
Jan 2013

Last edited Sun Jan 20, 2013, 06:43 PM - Edit history (1)

I fully expect that at some point that the values of gold and silver will depreciate again.*

If it is in some belief that society will collapse then they haven't thought things through.

You can't eat the silver or gold and if I have food and water, I'm not going to trade for silver or gold.

And if society does collapse and it really is the End Of The World As We Know It (exceedingly unlikely) then mean, grumpy people like myself who own guns are going to band together with other like minded people and take the damn gold & silver anyway if we want it that bad.**


*Taking financial advice from me would be unwise

** Read Lucifer's Hammer by Larry Niven & Jerry Pournelle for a well reasoned glimpse of what might happen if society collapsed and the people who enforced the laws weren't around. It isn't a happy book though.

A hat, or a brooch... Robb Jan 2013 #1
+1000 DainBramaged Jan 2013 #17
The only reason to invest in gold is to hedge against inflation Warpy Jan 2013 #2
I'd rather have land paid in full. HereSince1628 Jan 2013 #3
That's my investment choice as well. alittlelark Jan 2013 #5
land is good except you have to pay taxes on it every year. bubbayugga Jan 2013 #18
All true. And you can't eat a briefcase either. HereSince1628 Jan 2013 #24
no, but you can buy a lot of beans with a little bit of gold bubbayugga Jan 2013 #30
"And you can't get much food value from what grows on gold." Dark n Stormy Knight Jan 2013 #26
One ounce of gold will buy approxamately pipoman Jan 2013 #4
I bought into gold when it was $950 an ounce. bubbayugga Jan 2013 #19
kick PM Martin Jan 2013 #6
Please, please, please do not get the gold bugs started. TrogL Jan 2013 #7
Why is there such an obsession among the American right with gold? PM Martin Jan 2013 #8
More to the point, do the goldbugs not know that a gold standard is just explicit price-fixing? Recursion Jan 2013 #15
If you bought silver 6-8 years ago, it was certainly a great investment. Dawson Leery Jan 2013 #9
A great investment. earthside Jan 2013 #28
Silver is projected to top 50 dollars later this year. Dawson Leery Jan 2013 #29
kick PM Martin Jan 2013 #10
And ingot of gold produces nothing, employs no one, enriches no one's life 1-Old-Man Jan 2013 #11
does it have too? bubbayugga Jan 2013 #31
As a hedge, it has value. Dawson Leery Jan 2013 #35
A few things - The most important to me is that they never pay dividends or interest slackmaster Jan 2013 #12
Never understood that, Lurks Often Jan 2013 #13
Lucifer, not Thor n/t Fumesucker Jan 2013 #22
Oops, you're right n/t Lurks Often Jan 2013 #27
"Investing" implies there are fundamentals; gold has no fundamentals Recursion Jan 2013 #14
Mine has gone up 225% since the crash, late 2008 upi402 Jan 2013 #16
Gold is way overvalued. Science Geek Jan 2013 #20
I would say you were buying at the top. Nye Bevan Jan 2013 #21
I think it's gambling. nt bemildred Jan 2013 #23
If the world economy goes over the cliff, do you really think any amount of.... OldDem2012 Jan 2013 #25
Lose - lose right now. The margins are too wide and the prices are so high that you are guaranteed to Egalitarian Thug Jan 2013 #32
Would have been a great idea ten years ago. MrSlayer Jan 2013 #33
water and food datasuspect Jan 2013 #34
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