Real Money
- Thread starter Tennesseahawk
- Start date
greg334
Veteran Expediter
So was salt, actually salt was a currency long before gold was. Salt's importance in ancient times was higher than gold ever was.
well that's true, it does not mold, or wash away but there isn't so much gold, we have a finite amount of it and on top of that, only a certain percentage of it is used or can be used for this purpose.
You are making my point by the way - thanks.
I would be too, seeing you be happy with all that gold in today's market.
Well Dennis, I think you make a good point but the problem is I am not talking about people who have gold who will get through their retirement or those who are ex-pats or anything like that. I am talking about the idea of investing in gold as a vehicle to tie one over in an economic calamity.
Well first no they won't affect me, they are insiginificant enough in the bigger picture that they can't have any effect on the markets outside of an emotional one.
The dollar collapse will take out a lot of other currencies, including the Chinese Yuan but not those who are more isolated on the world market, like say Iranian Rial.
To a point. Buffet's techniques are not all that great and neither is Soros but it matters less to people who are plying their 401k money for a positive movement than people think.
Nope not telling you that. The same goes for the other investments I made but I am telling you that the dollar collapse won't happen because of the instability it will have on the world even if another currency takes it place. On top of that, I have yet seen any evidence, historical or otherwise to back up the claims made that gold will provide you a stable way to survive, it won't and history has shown that it is less valuable than food, material or skills.
BUT that's all good and well, gold and silver are not usable metals, you can't make weapons out of them (too soft), you can't use them to shelter you or feed you. If there is a real collapse, you need things other than gold. AND on top of that, I feel sorry for those who bought into the idea that they will be safe with this investment because they will have a hard time trading that ounce of gold for that one single egg.
I think this is an illustration of what will happen if something does happen, people will be so hard pressed to come to grips with any and all thoughts of giving up material things like gold or silver but overlook their basic survival needs of food and shelter. Too many people assume that people who have the stuff will give a crap about gold and silver, but will be surprised when they won't take anything unless there is a tangible thing that can be used - like a hammer or even nails. You all are fighting too hard to make a point while overlooking the fact that the $1500 or so dollars is better spent on things that you can use right away, not months down the road.
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Tennesseahawk
Veteran Expediter
Ok Greg, what was your point again?
witness23
Veteran Expediter
Because gold can be melted and made into "coinage" or "bars" is why gold is used as currency?
witness23
Veteran Expediter
His point is, if you are expecting gold to be worth anything in your "Mad Max" scenario, your wrong.
If you are able to buy gold as an investment and you are not expecting your "Mad Max" scenario here in the United States, that's good.
Sorry, but if your "Mad Max" scenario does come to fruition here in the United States and you offered me a gold coin for a chicken, my response would be something like this:
Beat it kid!!
Dakota
Veteran Expediter
Not often that we agree, but I agree in this scenario gold is going to be worthless, fuel of any type,food, clothing or a service are going to be the things of value, gold will make a good doorstop. Once the economy recovers, then gold will again have value.His point is, if you are expecting gold to be worth anything in your "Mad Max" scenario, your wrong.
If you are able to buy gold as an investment and you are not expecting your "Mad Max" scenario here in the United States, that's good.
Sorry, but if your "Mad Max" scenario does come to fruition here in the United States and you offered me a gold coin for a chicken, my response would be something like this:
Beat it kid!!
witness23
Veteran Expediter
The real question is.......did you like the pic? It was pretty good, huh?
Dakota
Veteran Expediter
witness23
Veteran Expediter
Yes, your almost to the Ragman level of picture finding
Whoa....whoa.....whoa.....Let's get something straight here brother, I started the whole facepalm thing and other picture posting, Mr. Rags if anything is riding my coat-tails.
Right Mr. Rags?
Not even close. A Captain Picard facepalm was posted more than 2 years before you joined here. I would imagine there were others before that.
Dakota
Veteran Expediter
Whoa....whoa.....whoa.....Let's get something straight here brother, I started the whole facepalm thing and other picture posting, Mr. Rags if anything is riding my coat-tails.
Right Mr. Rags?
Bowing down before the great witness23, I sincerely apologize o great one....please forgive me
witness23
Veteran Expediter
It was a joke ya killjoy.
Geez, I bet you're the guy in the neighborhood yelling, "Hey you kids, get off my lawn"
witness23
Veteran Expediter
Bowing down before the great witness23, I sincerely apologize o great one....please forgive me
You're forgiven, just don't let it happen again.
witness23
Veteran Expediter
Ohh no I started a competiton on who has the bigger better one
I don't know, I think I may have that title as well with my, Inside The Glenn Beck Goldline Scheme poster. I could be wrong though.
That's right... turn it back on me. Sheesh.
In any case, I'll take that bet. I'm one of the few who thinks kids should be able to do what kids naturally do, including running around and screaming in a restaurant. The old farts who complain about kids, yeah, I'm sure they were perfect little angels when they were kids. <snort>