[ThirdOfFive]

Originally Posted by oneclickplus

If times get that tough, expect some people to offer you bullets for your food. Make sure you have some of that to trade as well.

Agreed. Just make sure that those bullets being "offered" to you for your food are still attached to their cases and are NOT flying out of the end of a 9 mm barrel. Which if things get really tough is more than probable.

Right now I have the feeling that if the SHTF the only things that will be worth anything are the things in your possession that other people value. Post #21 pretty much nailed it.

[jimjamuser]

Originally Posted by retiredguy123

FYI, I once called a gold coin dealer who advertises on television and asked the question, "if I buy $1,000 worth of gold coins, and then sold them back within a few days, with no change in market value, how much money would I receive? He said I would end up with $920, or 8 percent less. So, if you buy gold coins, the market value would need to increase by 8 percent in the first year just to break even. I don't know if there are more efficient ways to buy and sell gold.

I would NEVER buy physical GOLD unless I thought an apocalypse was about to break out. But, in the interest of being fully DIVERSIFIED then 5% or so in gold or silver would make some sense. I would look into an ETF for gold or gold or silver mining. I believe that I used to own one with the call letters (GLD).
......A good time to own something like that as opposed to (SPY) would be if you are expecting a recession. Which is something I expect this year.

[Pairadocs]

Originally Posted by dewilson58

"inflationary hedge"????

But since inflation has jumped (December 2020 thru today), gold is DOWN double digits.

Yep ! And, if you are a long term investor, W.B. type, but with no special skills or expertise, you can go back 40 years and compare what a simple index 500 mutual fund would have produced compared to what the same investment in precious metals would have produced ! The post did refer to a "hedge", and we all have our ideas about the best "hedge", but it's very difficult to make a case for the precious metal investment companies with their paid entertainer "spokes people", especially the actor who warns "us" about "all that PAPER MONEY floating around".....lol, lol !

[Pairadocs]

Originally Posted by coralway

PT Barnum was right

definitely !

[Velvet]

During hyper inflation in my native country, gold took on the role of currency. Physical gold speaks an international language as well. Remember when the value of the dollar was backed up in gold.

[CoachKandSportsguy]

Until there was bitcoin, gold was the thieve's / smuggler's laundering currency, with the same identity less ability to be turned into any currency . . gold is a useful hedge when there is a currency crises. .

currencies are a relationship, one against another. . . that's why most currencies are range bound, until a collapse in that one currency against the others. So if that currency is your home currency, gold is the homeland hedge.

[CoachKandSportsguy]

Originally Posted by Velvet

During hyper inflation in my native country, gold took on the role of currency. Physical gold speaks an international language as well. Remember when the value of the dollar was backed up in gold.

When a young newbie at lunch yesterday was asked "Do you know who Paul Newman was?" He said, yeah, the salad dressing guy. . we asked, "Anywhere else?" he said "No, why?"


How many were alive for Bretton Woods and the abandonment of the gold standard?

beuhler , beuhler. .

[Bwanajim]

I bought 40 or 50 ounces of gold at $300 an ounce decades ago. I sat on it for 10 years and sold when I got divorced for about what I paid for it. Of course two years later it was up to $1500 an ounce.🙄

[Tom M]

Originally Posted by rsmurano

When times get tough? Are you talking about in 2000? How about 2007/2008? I didn’t have gold then and those 2 events were pretty bad.
If you look at gold for the last 10/11 years, gold is up 10% or a little more. If you bought meta/Tesla within the last 6 months, you are up 100% in meta and Tesla is up close to that.
I would not buy gold from anybody on those commercials, I would buy a fund of gold or silver.

It's not too hard to look up gold prices before you guess at a number. Try Google or Goldprice.org

It's up about 44% in the past 10 years, not 10%. That's a little more than inflation over that timeframe.

Missed by quite a bit on Tesla too...

[Fastskiguy]

Physical gold is kinda more of a doomsday investment, isn't it? I mean....currencies have gone down the tubes in the past but societies keep on going, don't they?

Joe

[Velvet]

Originally Posted by Fastskiguy

Physical gold is kinda more of a doomsday investment, isn't it? I mean....currencies have gone down the tubes in the past but societies keep on going, don't they?

Joe

Yes, but once you’ve been there, you never forget. Sort of like the tornado that hit Mallory, probably will never again but I got nice Husky card size table that’ll hold a collapsed roof up (in an interior room) should it come to that. In the mean time the table is just perfect with a nice table cloth for games.

[Worldseries27]

Idk why posters do not read carefully before they answer another op.

[Sharon5]

Invest in gold ETF. I like Clark Howard’s common sense advice. Clark Howard's Advice on Buying Gold

[Worldseries27]

Originally Posted by fastskiguy

physical gold is kinda more of a doomsday investment, isn't it? I mean....currencies have gone down the tubes in the past but societies keep on going, don't they?

Joe

you can have gold on your person but you better be armed to keep it when you try negotiating with it

[CoachKandSportsguy]

Originally Posted by Worldseries27

Idk why posters do not read carefully before they answer another op.

dude, do you now know where you are posting and who the audience is?

This is facebook / meta without the face and without the meta for retirees who have lots of free time during their day, who don't give a crap most of the time, most who are losing part of the hearing, their sight, their comprehension, their logic and their senses. .

who live in the middle of a huge swath of cow pastures, in the middle of central rural FLORIDUH