Who owns gold

Discussion in 'General Discussion' started by mad mother, Feb 28, 2012.

  1. mad mother

    mad mother Former Guest

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    I'm just asking. I bought some when obammy got elected
  2. CampingJosh

    CampingJosh Well-Known Member

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    None here.

    Despite what the sales companies want to tell you, it has no intrinsic value. Beyond its industrial uses, it's worthless to me.
  3. 76Highboy

    76Highboy Well-Known Member Supporting Member

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    Ditto. Despite what people think, gold is not a great investment.
  4. Bobitis

    Bobitis Guest

    Only in jewelry.

    If it does hit the fan, I can think of lottsa other stuff that will help keep me alive.
    Gold ain't even on the radar.

    I mean, ya can't eat it. Makes awefully expensive bullets, and the only ones that may be after it will not be yer friends.
  5. mad mother

    mad mother Former Guest

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    Just chopping bait and chumming the waters. Fixinta start trolling LOL. I shall miss y'all as this is a good group here I just don't play well with others. I can't help myself I mean to tellya
    Last edited: Feb 28, 2012
  6. joncutt87

    joncutt87 Active Member

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    got a few silver coins for trading
  7. mad mother

    mad mother Former Guest

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    Good for u. Silver up today nicely over 37/oz
    Last edited: Feb 28, 2012
  8. JUNKKING

    JUNKKING Active Member

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    Gold will trade in any currency market. I wouldnt say it is a bad investment but you have to be able to get to those markets for it to be worth anything. Ill take my chances on getting there.
  9. time2shoot

    time2shoot Well-Known Member

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    Gold coins just a couple though
  10. Juker

    Juker New Member

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    None.

    As a fer'instance - Society collapses.

    "I've got a gold coin worth $1,500. Will you give me 10 cans of beans and 100 bullets?"

    "Nope. What am I gonna do with a gold coin?"
  11. 76Highboy

    76Highboy Well-Known Member Supporting Member

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    A bad investment no. The worst investment, possably. Show one investment the gold has out performed during any given time period. there are some but not many. The only time Gold out performed was when the economy tanked. Then people cashed in. However, many of those people sat on that gold a long time befroe making their mint. Now the track record today is gold is high so you can't buy it for a timely future gain, but yet many other investments such as the 401K are climbing. I know a guy that quit buying gold 30 years ago and he took that same money and reinvested in and is a millionaire today. He said that at the rate that he could invest his hard cash, he would not have been as successful as he is today had it been gold.

    Some people hoard gold in case of a collapse of the country. However, whenever you have a complete collapse of a country the new country that steps in (New World Order) creates the new gold standard and automatically seizes all the gold making it illegal to own any gold. Therefore money wasted.

    I prefer Guns over gold any day.
  12. gdmoody

    gdmoody Moderator Supporting Member

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    I have two gold teeth.
  13. Conman

    Conman Member

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    When the SHTF I want to have plenty of good Whiskey and cigarettes............

    I don't use them myself but for trading!!!!!!!!!!!!!!
  14. Brass Tacks

    Brass Tacks New Member

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    in 1970 I inherited 35 $20 Double Eagles. All these years I've resisted selling. I plan on passing them to my grandson
  15. mad mother

    mad mother Former Guest

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    I love my gold. Thanks to obammy the dollar lost 50% of its value since 2008. That's is a big reason everything is so frigging expensive. This is the first crowd I ran into that pans gold lol. Usually gold & guns r complimentary goods. Some ppl have a mindset gold has no value. It is a world currency.. Perception is reality and today reality says 1787/oz . Ill take one oz of gold today over 1787 in paper.Im. just sayin'
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