investing in gold.

True, but if one wants to temporarily bug out he would only carry enough for a month or two, leaving the rest well hidden or buried on private property he can gain access to.
Urbanites could put a hundred pounds of silver in a bus station luggage locker, pull the key and take it with you.
Don't leave it there too long.

thats exactly how im thinking about it. im young right now and it would be good to hide some. i dont want to buy paper gold it just doesnt make sense.

thanks for the info.

another thing i want to bring up is what exactly is the need for gold in an economic crisis. what could you possibly do with gold. its just another piece of the earth and i know you can ingest it in some ways but whats the true purpose of having gold for the meltdown? it doesnt make sense in my head.

Fiat money is just a bunch of papers that people pretend to have value. These papers don't *really* have ANY value at all and in times of crisis confidence in paper money tends to go to zero as the social contract where people pretend that paper money has value, collapses, under the weight of real priorities.

Gold & silver, on the other hand, are a different story altogether.

i dont get why though. why would someone just want to have gold? just a currency? its just like the fiat your talking about. taking an object and saying its worth this much.

not that im against it i just dont understand.

Dude, when Niburu is parked by the moon and Annunaki comes and knocks on your door, its either bits of gold or anal probe. Aliens rock big fuckin gold chains

I think the idea is to dig it up some time after that.

You are right it kind of makes no sense.

But fiat money can easily be debased (just print the fuckin stuff).

Gold cannot be faked and so cannot be debased.

Gold lasts "forever".

It's shiny and pretty.

It's compact.

For these reasons it makes good "money"

Money is just a token of labor. Which means trades can be made across time.

It only makes sense to holders of wealth.

If you hold wealth then how do you protect it from future circumstances?

Buy land and property you say... that's fucked after war if your country loses.

But your last shirt has no pockets, some say, yeah then pass on to genetic offspring and allow the game to continue. Selfish egotistical pricks with their notions of afterlife mehh.

BitGOLD

You can't eat gold - but there will always be buyers. In almost any situation there will be those who understand its value as portable wealth - and have the means to buy it.

You can't eat currency either

I'd lean towards silver. You'll have something to barter with when they switch to a digital currency.

And I'd diversify within silver. 90%, Eagles, bars, rounds etc. Some guy may not want a dirty looking dime but instead go for a shiny round. And the opposite is also true.

And what if they put a capital gains tax on Eagles and not on industrial silver like rounds that can be sent to a refinery? Diversification is the way to go.....

Right.
Gold is a hedge against your dollar denominated assets
falling in value.

in the uk u can get 1 oz 24 carat gold coins that are legal tender. in other words u can sell the coin for its gold value and u dont have to pay tax on it. so should the gold price go up to 15 thousand GBP lets say gold brokers will still buy them as they never lose money buying or selling gold as they put on a commission on each transaction they do so they buy for just under the spot price and sell just over the spot price.

Gold and silver has always had value. Think in terms of after a collapse, provided it's not the end of the world. The old paper money will be just paper, but gold and silver could be transferred in to whatever the new system will be... after the dust settles.

so im glad you understand why it doesnt make sense in the way that anything can just have a 'value' and be worth something.

but yea i guess the value goes off of something that makes it worth it in someone else's eyes.

i still think free trade would be the best. nothing is really "worth" anything in a free trade society. so whatever worth it has is based solely on the people doing the trade and nothing else.

i guess in the future gold will be worth investing in for that reason only but i have no money currently so cant invest in anything ha ha.

right there!!

see in my eyes, it wouldnt even be worth it to invest in something that you might not even be able to use. not only that but if you had specific plans for it and your kids go out and blow it on something completely useless in their lifetime then there was no need to buy gold in the first place.

maybe gold investment isnt worth my time. i dont know. thats the reason i made this thread lol.

how about pawn shop sterling silverware? You can use it every day AND is has those wonderful anti bacterial/viral proeprties

OP --

Gold & Silver have intrinsic value.

Each ounce of gold and silver represent the labor of man. That is, how many hours did it take one man to dig in the earth and reclaim the gold underneath and turn it into a coin?

About 8-10 years ago, the "labor of man" cost $300 per ounce to get gold out of the ground.

That's work someone ELSE did and that coin represents that work.

So if I raise cows and need to buy hay, I have to trade something for the hay. Maybe the value of 1 cow exceeds the value of 1 bail of hay, so I need a smaller unit to trade with.

This is where currency like gold comes in. There's no faking gold. Someone, somewhere, did the work to get that gold coin and it represents "hours of work".

Now, 1 cow may be "10 hours of work" and 1 bail of hay may be "1 hour of work" and if each coin represents 1 hour, you now have a rate of exchange.

The problem (as been noted a couple times in this thread) is that gold and silver are too heavy to transport, so they came up with a FIAT CURRENCY to "represent" that gold; a much lighter paper currency.

Dig around in history books around 1913 and 1927 and you'll see how the USD detached from gold value long ago and now we get confused people today wondering "What good was it anyway???"

Personally I think investing in precious stones and minerls for preperating of survival is a really really dumb idea..

The only reason Gold, silver etc has value now is because of the economy, in a world where economy doesn't exist you will find this use less. In a world where water is scarce will you honestly trade what little water you have for a ton of gold ? And if you did what would you do with the gold ?? drink it or eat it ?

the money would be better invested in a Diesel oil engine that is capable of running on any kind of oil.. You can extract oil from plant and animal matter to power the engine..

I would have said a solar panel and batteries, but batteries are so shitty and inefficient and don't last long, it would be really hard to keep that running.

...

It's easier to look at from the other end of the equation:

Will you honestly trade a little gold to get what precious little water there is left?

You don't use water to trade for gold in your scenario.
You use gold to trade for water.

Then yes, you drink your water.

The guy who had water can now turn around and spend that gold on some beans or meat, or garden tools, if he wants.

ok you just explained it to me in a nutshell. i had to have the math put in my head. i apologize, for i am a taurus and need things explained and shown to me in a way i can visualize it.

you nailed it on the head for how im thinking about it. all in all, i think that investing in gold is worthless. i do like the "idea" of investing in gold and thats why i made the thread. to figure out the reason everyone puts a value to it.

to wrap this thread up, im going to post one of my favorite songs of all time.



thank you for all your input.

One afterthought:

Gold is for AFTER a crisis, not to be spent DURING.