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face
All American
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^ What are you talking about?

It likely WILL get to the point where you'll want to have gold bars and food stocked.

Are you familiar with what is going on all over the world right now?

It will be nice not to have to go outside in the swarms of people rioting if I have food at my home.

It will be nice when "normalcy" returns to be able to redeem my gold for items that I want instead of having worthless paper.


I'd like to see these investments you have that in the past decade that have better ROI than gold and food. Both of these have been top performers and we haven't even had the crisis yet. How do you think they'll perform in the next decade?

12/29/2011 4:52:01 PM

Chance
Suspended
4725 Posts
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Quote :
"It will be nice not to have to go outside in the swarms of people rioting if I have food at my home."


You're a damn idiot. If it gets to the point where you're literally eating off you MREs, you'll run out of ammunition defending that and your gold bars to someone or a group of someones MUCH better equipped and connected than you are. If you really believed in the scenario you envisioned you'd already be forming alliance with people with a shit ton more firepower than you're stocking in whatever shit hole it is you live in.

12/29/2011 6:04:35 PM

jsncc587
Veteran
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The best part is that Face wants to work in financial services.

12/29/2011 6:14:45 PM

Solinari
All American
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How many weeks of supplies u gonna realistically collect and then maintain? LOL

JFC these people think they can defend against the apocalypse with an MRE and a damn bar of gold.


I can just hear face now, "I have 28 MRE not just one, so nyahh!" LOL

12/29/2011 6:25:02 PM

wdprice3
BinaryBuffonary
45880 Posts
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If SHTF, I know exactly where I'm going. More firepower than many police departments.

12/29/2011 9:51:05 PM

moron
All American
32730 Posts
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Quote :
" What end game are you envisioning that doesn't involve the economy going to shit, resulting in higher crime"


Crime rate is down in the US, despite the recession.

And LOL at the chicken-little-ism in this thread.

12/29/2011 10:11:53 PM

GrimReap3r
All American
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^^If shit really hits the fan, a police department is the least of your problems

12/29/2011 10:24:21 PM

Solinari
All American
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Don't worry guys I have some jugs of water, a pack of jerky, and a little pouch full of gold dust. I am pretty much ready for whatever goes down.

12/29/2011 10:44:15 PM

face
All American
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you guys refuse to pay attention all you want.

12/30/2011 2:46:03 AM

Solinari
All American
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I'm not saying the apocalypse won't happen, I'm just realistic about how to prepare for it (you can't)

12/30/2011 2:47:52 AM

wdprice3
BinaryBuffonary
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Quote :
"If shit really hits the fan, a police department is the least of your problems"


Who said the police will be a problem?

12/30/2011 9:18:10 AM

BigMan157
no u
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so how's this going?

4/15/2013 10:59:15 AM

Bobby Light
All American
2650 Posts
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So, what is the reasoning that Gold will still have a value in a SHTF situation?

If things are REALLY bad, it's just another piece of metal...it wont put food in your mouth if nobody else cares about owning it.

4/15/2013 11:08:26 AM

CarZin
patent pending
10527 Posts
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I vote this thread should be retitled to 'Gold Selling'

4/15/2013 11:10:55 AM

Jrb599
All American
8826 Posts
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Why? Good time to buy gold now

4/15/2013 11:11:49 AM

d357r0y3r
Jimmies: Unrustled
8179 Posts
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I'm betting that shops are more than willing to buy any gold that comes through the door at spot.

4/15/2013 11:18:54 AM

Kurtis636
All American
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Yeah, it's a great time to buy right now if you're so inclined. I'm not. Not such a great time to buy gold miners though. It might stop another 50 points tomorrow, but calling the bottom is tough. Depends on what Cyprus actually does vs. The speculation.

4/15/2013 12:12:00 PM

Jrb599
All American
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When is face gonna chime in?

4/15/2013 1:02:22 PM

Kurtis636
All American
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I take back what I said about face. His post in thevanguard thread was great.

I don't like gold, never have. Much rather own silver if you're going to be long a metal that's the one I'd prefer.

[Edited on April 15, 2013 at 1:43 PM. Reason : dhshs]

4/15/2013 1:15:09 PM

S
All American
658 Posts
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Buy some puts on GLD?

4/15/2013 1:23:57 PM

seedless
All American
27141 Posts
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I would only deal with physical precious metals.

4/15/2013 1:28:22 PM

Kurtis636
All American
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I wouldn't, unless you think you can call the bottom, which honestly is just a great way to lose money. If you're going g to buy gold do it in physical form right now.

4/15/2013 1:30:00 PM

Tarun
almost
11687 Posts
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is it time to buy?

6/27/2013 4:39:19 PM

TreeTwista10
Laugh, Think, Cry
142761 Posts
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lowest its been in over 2 years...i'd say yes

6/27/2013 5:57:01 PM

seedless
All American
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I recommend on y buying the following:

1oz Buffalo, Liberties, and Krugerands (and I think Maples)

They are qualified by the government to be used to fund a 401k account unless you want them physical.

Other items can qualify but these are the best to buy.

I buy a lot of silver (eagles mainly).

Other metals to think about are niobium, rhodium, and platinum

And of course, unless you know what you are doing like me don't invest on a numismatic basis.

Oh and be careful if you decide to invest in mining operations. Make sure UNLESS YOU KNOW WHAT YOU AE DOING do not invest in junior mining operations. While they are neccessary to industry they can break the bank of a poor man.

[Edited on June 27, 2013 at 11:28 PM. Reason : /]

6/27/2013 11:24:15 PM

Arab13
Art Vandelay
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LOL @ the BUY NOW comments . . . this shit is gonna just keep dropping, probably another $300-400. I wonder how much some of the 'investors' here lost.

6/28/2013 1:04:49 AM

TreeTwista10
Laugh, Think, Cry
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i sold the last of my gold when it was around 1550 /humblebrag

i am considering buying some tomorrow at 1200ish

it could easily drop some more, but i definitely dont expect it to drop another 300-400

i mean, you're saying it might go as low as 800/oz? i mean hell, it could drop back down to 500/oz but i dont see it getting below 1000 ever again, its not like the world economy is awesome

6/28/2013 3:47:56 AM

seedless
All American
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Based on what I have been reading and watching, it is POSSIBLE (though the likelihood is unknown) for it to go to 1100-1200oz - though while the USD is not the biggest factor in determining gold prices, this is what most people believe with make it drop that low. Basically if our economy upticks and and plateaus you could see a big (and even permanent) drop in gold prices.

With that said, I would not be scared to buy PHYSICAL gold right now, though I would not buy a lot and wait it out to see what will happen in the coming months.

6/28/2013 11:01:00 AM

seedless
All American
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http://www.youtube.com/watch?v=WmhF1Nv9EZU

6/28/2013 3:16:00 PM

Belle
Veteran
406 Posts
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My parents bought silver decades ago, and no they did not send the silver to the house. It was basically kept "in trust" in one of the mints or Fort Knox or something like that. Basically a third party owns the metal, and a portion of it is "owned" by you based on what you buy in stock.

This is a risky venture too though, since there was that big scandal of the company that was selling "gold" but was actually selling commemorative gold coins, whose worth was artificially inflated because of that. The value of the gold the coins were made from was much less than what the "true gold" people thought they were buying. This wasn't some rinky-dink operation either, it was a large, well-known company that got sued when it was found out, so do your research.

6/29/2013 9:20:28 PM

Arab13
Art Vandelay
45163 Posts
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7/3/2013 3:48:00 PM

TreeTwista10
Laugh, Think, Cry
142761 Posts
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up $36 today to about $1282

wonder if it keeps going up slowly or just kind of hangs around 1200-1300 for awhile

7/10/2013 10:04:09 PM

CEmann
All American
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face = early cuyler snakes gif

7/11/2013 12:32:47 AM

jbrick83
All American
23447 Posts
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Gold hits five year low...what's face up to these days?

7/20/2015 8:10:57 AM

Kurtis636
All American
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I'm sure he cashed it all out at the most recent top.

I've actually bought some physical gold and silver recently. I'm not looking to trade it, just using it as a storage medium and to diversify a bit since I'm so heavy in equities.

7/20/2015 8:42:10 PM

StTexan
All American
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I have some silver i got for like $21 back in 2013. Should i off this stuff? For the longest time it was under that price. At like 27.50 now. I doubt this stuff is like bitcoin that I could have got at like 25/share back in the day

1/5/2021 11:05:44 PM

bellrabbit
All American
2548 Posts
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A lot of the "experts" claim silver could reach $32-40 in 2021. I wouldn't blame you for selling it off now if you're worried about future drops, but I have no intention of selling my silver anytime soon.

The metals market is so ridiculously volatile. So its really hard to say, but my thinking is with the Dems now controlling everything, there's likely to be more stimulus/money printing, which will continue to devalue the dollar. Silver and gold are a good way to maintain your wealth (even with the swings), guard against inflation, etc. I'm biased since I'm a silver bug, but I see a lot of money printing in the future, plus when things get semi back to normal the industrial demand for silver is gonna pick back up as well. I could talk about this all day, so I'll stop there.

1/6/2021 5:12:50 PM

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