Help w/buying gold

[mrwrong]

[quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.

[partypup]

[quote=mrwrong][quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.[/quote]

Well-said, Mr. Wrong. I would also add that gold has a 2,000 year history of holding and storing value.

The dollar’s lifespan – not backed by gold – is a mere 38 years.

Up until 1971, we were all “ignorant cavemen”. 😉

And you’re right about Armageddon. That’s why I have diversified my portfolio with two 12 gauge shotguns, a .308 16″ SoCom, a .223, a .40. a .45 and a .9mm.

[partypup]

[quote=mrwrong][quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.[/quote]

Well-said, Mr. Wrong. I would also add that gold has a 2,000 year history of holding and storing value.

The dollar’s lifespan – not backed by gold – is a mere 38 years.

Up until 1971, we were all “ignorant cavemen”. 😉

And you’re right about Armageddon. That’s why I have diversified my portfolio with two 12 gauge shotguns, a .308 16″ SoCom, a .223, a .40. a .45 and a .9mm.

[partypup]

[quote=mrwrong][quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.[/quote]

Well-said, Mr. Wrong. I would also add that gold has a 2,000 year history of holding and storing value.

The dollar’s lifespan – not backed by gold – is a mere 38 years.

Up until 1971, we were all “ignorant cavemen”. 😉

And you’re right about Armageddon. That’s why I have diversified my portfolio with two 12 gauge shotguns, a .308 16″ SoCom, a .223, a .40. a .45 and a .9mm.

[partypup]

[quote=mrwrong][quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.[/quote]

Well-said, Mr. Wrong. I would also add that gold has a 2,000 year history of holding and storing value.

The dollar’s lifespan – not backed by gold – is a mere 38 years.

Up until 1971, we were all “ignorant cavemen”. 😉

And you’re right about Armageddon. That’s why I have diversified my portfolio with two 12 gauge shotguns, a .308 16″ SoCom, a .223, a .40. a .45 and a .9mm.

[partypup]

[quote=mrwrong][quote=SpringSessionM]Why does gold have intrinsic value? Because it is shinny? Think about this for a minute. It is valuable because people THINK it is valuable. How is this any different than a house, a stock, or even “fiat” currency? In more primitive days there was no paper for fiat currency, stocks or bonds, but even ignorant cavemen could be fascinated by shinny objects.
[/quote]

If you believe gold has value only because people THINK it is valuable, ask yourself this question. How do you preserve the fruit of your labor when your government is determined to devalue its currency. Do you buy oil? How do you store it? Do you buy food? What if they perish? Do you buy land? Is it liquid? Gold is valuable not because people THINK it is valuable, because it has all the right attributes as a medium of exchange and as a store of value. It is liquid, non-perishable, and can be easily divided and stored. It is for these reasons that gold has withheld the test of times.

Of course if you believe Armageddon, then all bets are off.[/quote]

Well-said, Mr. Wrong. I would also add that gold has a 2,000 year history of holding and storing value.

The dollar’s lifespan – not backed by gold – is a mere 38 years.

Up until 1971, we were all “ignorant cavemen”. 😉

And you’re right about Armageddon. That’s why I have diversified my portfolio with two 12 gauge shotguns, a .308 16″ SoCom, a .223, a .40. a .45 and a .9mm.

[Hatfield]

Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.

Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.

[Hatfield]

Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.

Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.

[Hatfield]

Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.

Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.

[Hatfield]

Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.

Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.

[Hatfield]

Something else to keep in mind – it’s not just the US dollar that’s in peril. As f—-d as we are, Europe is in far, far worse shape. The Euro currency is in serious peril. Even the Swiss (the Swiss!) are debasing their currency. The dollar is strong right now only because the other major world currencies are in worse shape than we are. I interpret all of this is very bullish for gold. I would not consider myself a “gold bug” but right now I think it does make sense to have some in your portfolio. And as Richard Russell recently noted, if the dollar really does tumble to zero, gold goes to infinity.

Lastly, regarding the possibly-rhetorical comment about “why not land as a store of wealth?” – land is not portable, and often times not liquid. And you can’t really hide your land or move it offshore if the gov’t decides it wants to seize it.

[Anonymous]

You can buy gold & silver on eBay (and avoid the sales tax), at a local coin shop, in the form of electronic gold with a gold ETF (GTU & GLD are good choices), online at http://www.kitco.com or http://www.blanchard.com. As you can see the choices, while not endless, are pretty widespread.

The Turtle

[Anonymous]

You can buy gold & silver on eBay (and avoid the sales tax), at a local coin shop, in the form of electronic gold with a gold ETF (GTU & GLD are good choices), online at http://www.kitco.com or http://www.blanchard.com. As you can see the choices, while not endless, are pretty widespread.

The Turtle

[Anonymous]

You can buy gold & silver on eBay (and avoid the sales tax), at a local coin shop, in the form of electronic gold with a gold ETF (GTU & GLD are good choices), online at http://www.kitco.com or http://www.blanchard.com. As you can see the choices, while not endless, are pretty widespread.

The Turtle

[Anonymous]

You can buy gold & silver on eBay (and avoid the sales tax), at a local coin shop, in the form of electronic gold with a gold ETF (GTU & GLD are good choices), online at http://www.kitco.com or http://www.blanchard.com. As you can see the choices, while not endless, are pretty widespread.

The Turtle

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