UGGH!! The Gob'ment Is Taking My Savings Lil By Lil.....

[sgreger1]

Or grow your own food live self-sufficiently, follow permaculture principles...

Learning this is the most important skill one can have. I really want to get into this more. You guys should check out www.thesurvivalpodcast.com, great resource for this subject matter.

In a real collapse, food is the most valuable asset. Get rid of the suburban green grass and grow things you can eat.

[AtreyuKun]

Or grow your own food live self-sufficiently, follow permaculture principles...

I'm waiting for the day Uncle Sam criminalizes that as well. I'm sure the Monsanto Corporation will find a way sue us all into oblivion.

[Mr. Snuffleupagus]

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

That's one of the reasons I chose to invest in silver instead of gold.

What I don't get is people who invest in non-physical precious metals. Like I really want to buy a piece of paper and call it something valuable

[Ansel]

In other words, if things got really bad, all we can do is barter with the few possessions that we have, go to jail, or starve to death?
Yeah, I'd like a big cup of that please.

Or grow your own food live self-sufficiently, follow permaculture principles...

[AtreyuKun]

In other words, if things got really bad, all we can do is barter with the few possessions that we have, go to jail, or starve to death?
Yeah, I'd like a big cup of that please.

[sgreger1]

but how would the gob'ment know if a person has gold?

Executive Order 6102

Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of the order was punishable by fine up to $10,000 ($167,700 if adjusted for inflation as of 2010) or up to ten years in prison, or both.



They will get it one way or another, they will make it illegal to trade with, and then you will only be able to buy black market items and nothing else.

[Premium Parrots]

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

but how would the gob'ment know if a person has gold?

[sgreger1]

It's not as much gold going up but the dollar going down. Just sayin'.

But do we forget history so quickly? If things get bad and people start using gold for trade instead of dollars, the goverment will just confiscate all of the gold like they did only a few short decades ago. They will just take your gold and then you are screwed, better to buy food and ammo if you think the world is going to collapse.

[c.nash]

Reading all your posts I feel like I'm doing alright.
My 401k has went up 26.2% since the start of the year.
And that's after I take out the 2.4% I lost last month.

[Premium Parrots]

It's not as much gold going up but the dollar going down. Just sayin'.

this too^

[Premium Parrots]

you are right about the silver. the plan was a kilo of gold then look at silver right away. I actually think that silver might be a tad more risky but the possible return could be incredible for the very reason you mentioned. IMO both are good investments. I don't see gold ever going down much. Its like everytime it hits a new high that it won't go down much after that. sure it varies a little everyday but it slowly goes up as time goes on. If gold reserves are dwindling then the price goes up. Theres a alot of people buying right now.

That said.....If I lost a couple of hundred dollar per ounce it would still be worth it to me for the overall peace of mind...........

that I can feed my face should all hell break loose.



hell, I have xtra batteries and rolling papers stashed away for the bad times......why not some precious metals too?

[Mr. Snuffleupagus]

Oh come on man, gold is not work $2k an ounce and will not continue to tripple over the coming years. People are worried about America's future and we are in the middle of a recession, plus the radio/Tv/everyone is marketing it like crazy, so everyone is buying it and the increased demand is driving up prices. It is a bubble, mark my words it will go down at some point once things recover a bit. There is no way gold can tripple again like it has in the past 5 years and then keep going up, gold is simply not worth that much.

It's not as much gold going up but the dollar going down. Just sayin'.

[sgreger1]

I don't believe gold and silver are in a bubble but a long term uptrend. They are volatile markets so not good for short term, but I'd much rather invest in them compared to stocks and fake currencies. I've been reading Franklin Sander's forecasts and agree:

http://silver-and-gold-prices.goldprice.org/

Oh come on man, gold is not work $2k an ounce and will not continue to tripple over the coming years. People are worried about America's future and we are in the middle of a recession, plus the radio/Tv/everyone is marketing it like crazy, so everyone is buying it and the increased demand is driving up prices. It is a bubble, mark my words it will go down at some point once things recover a bit. There is no way gold can tripple again like it has in the past 5 years and then keep going up, gold is simply not worth that much.

[sgreger1]

I haven't lost any money. I have lost profits tho. Most of my stock is walgreens. I bought it at a decent discount because I bought it thru my buddy Kevin Walgreens, way back. My IRAs are still good but haven't made much $ for me in the long run. Investing in the birds was the best thing I could have ever done. Its paid off big time and it isn't affected by the economy. I've sold a few breeder birds lately and I need to invest some of the $ right away. I want to start with a kilo.

My doctor has been big into gold for years now. I just emailed him for some advice. I'll let you know what he says.

With the state of our government/country lately I think that gold is still a good investment. When/if the banks go down the tube and our dollar isn't worth shit...gold will persevere. It my be the only currency in the worst of times. Even if the price of gold goes down a bit I still think its a good investment. At least I'll be able to trade gold for lifes necessities. If you do a lil research many countries are trading their US currency for gold, other precious metals, and other currencies. That kind of makes you think....

I dont mind if I lose a bit of $ in the gold market.....I like to eat

Well if you are going off the assumption that everything will turn to road warrior in the near future than yah gold is a good idea. Even fi you buy now, it will go upa little more over the next few years, but my prediction is that ultimately (within 10 years) things will recover to a degree and at that time gold will go bakc to being worth about $800-100 an ounce at best. If you are in it for the short term you may be able to make some money, but I don't think gold is a good long term investment.

The powers that be seem to tank the economy ever 15 years or so and drain all the money up to the top from your 401k's etc. I think Gold has been overinflated due to people being too worried, it is a bubble that will pop. You should look into silver, it is very undervalued right now and will be worth more in the future. Once gold starts peaking out the advertisers will move to sellin silver and it will inflate big time, could probably make a decent penny if you buy it now while it is off the radar and cheap.


Let us know what your buddy says though, I am curious to hear what he has to say. If you bought gold 5 years ago than it would be an amazing investment like no other (trippling in value!), but I don't see it trippling again even in a very bad scenario.

[Mr. Snuffleupagus]

I don't believe gold and silver are in a bubble but a long term uptrend. They are volatile markets so not good for short term, but I'd much rather invest in them compared to stocks and fake currencies. I've been reading Franklin Sander's forecasts and agree:

http://silver-and-gold-prices.goldprice.org/