[quote=threadkiller]I think the time to buy gold was 5 years ago.[/quote]
5 years ago? It’s gone up $100 in the past 6 months.
Thread, no one is saying that renewable energy and home gardening aren’t vitally necessary or worth investing in. I’m fully on board with you here. One of the first things I plan to buy for my house when I secure my land are solar panels and a greenhouse.
But has it ever occurred to you how you will pay for these items when a dollar-based economy collapses? Your solar/wind generator and drip irrigation equipment are going to double or triple in price. Do you have that kind of cash on hand?
Pity. Because if you have gold, you won’t have to worry about how expensive these items get. They will always be affordable to you as you trade your *real* money for monkey money.
Everything that is tied to the dollar is going to be thrust into turmoil. So unless you have all the food, water, gardening equipment, wind generators, yada yada that you think you’re going to need for the rest of your life, then you need to seriously consider how you’re going to come up with the wheelbarrows of cash to pay for these items. Sounds like you must be independently wealthy. Sadly, I’m not, and I need to figure out how I am going to buy food, water and other life-sustaining items when severe inflation sets in.
You need to think this through more carefully. I don’t think either you or UCGal fully appreciate how difficult it will be to come up with mounds of cash when the dollar fails.
Gold is not meant to be an investment that makes you rich. It is not like investing in a hedge fund or buying pork bellies. Gold isn’t for gamblers. It pays no interest or dividends. Gold is merely the only way to KEEP the value of assets that you have worked hard to accumulate when a currency crisis hits. It’s that’s simple.
