Who owns gold

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

  1. mad mother

    mad mother Former Guest

    Joined:
    Feb 26, 2012
    Messages:
    49
    I'm just asking. I bought some when obammy got elected
  2. CampingJosh

    CampingJosh Well-Known Member

    Joined:
    Sep 25, 2007
    Messages:
    5,443
    Location:
    Indiana
    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

    Joined:
    Jan 1, 2012
    Messages:
    8,658
    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

    Joined:
    Feb 26, 2012
    Messages:
    49
    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

    Joined:
    May 24, 2011
    Messages:
    1,422
    Location:
    Kannapolis, NC
    got a few silver coins for trading
  7. mad mother

    mad mother Former Guest

    Joined:
    Feb 26, 2012
    Messages:
    49
    Good for u. Silver up today nicely over 37/oz
    Last edited: Feb 28, 2012
  8. JUNKKING

    JUNKKING Active Member

    Joined:
    Mar 19, 2009
    Messages:
    1,920
    Location:
    Just East of Pittsburgh PA
    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 Active Member

    Joined:
    Jan 17, 2012
    Messages:
    3,033
    Location:
    Brandon SD
    Gold coins just a couple though
  10. Juker

    Juker New Member

    Joined:
    Feb 8, 2011
    Messages:
    2,872
    Location:
    Land of Lincoln
    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

    Joined:
    Jan 1, 2012
    Messages:
    8,658
    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

    Joined:
    Sep 7, 2007
    Messages:
    10,582
    Location:
    Northeast Georgia
    I have two gold teeth.
  13. Conman

    Conman Member

    Joined:
    Dec 30, 2010
    Messages:
    336
    Location:
    Eastern Iowa
    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

    Joined:
    Jan 9, 2012
    Messages:
    562
    Location:
    NW Arkansas
    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

    Joined:
    Feb 26, 2012
    Messages:
    49
    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'
  16. 25yretcoastie

    25yretcoastie Member

    Joined:
    Aug 27, 2011
    Messages:
    559
    Location:
    Fort Pierce Fl
    Don't buy it go prostect for it. In you like the outdoors its just as much fun as shooting. Some gold is in almost every state.
  17. F-100D

    F-100D New Member

    Joined:
    Feb 27, 2012
    Messages:
    2
    I'm holding silver in US Silver coins. They have both monetary and intrinsic value. You can't buy bread (or bullets) with a hunk of gold but you can with some silver dollars. Plus, you can cash them in at almost any pawn shop for their current silver value.
  18. langenc

    langenc Member

    Joined:
    Oct 23, 2009
    Messages:
    702
    Location:
    Montmorency Co, MI
    Not Rick on TV-he will screw you down to about 1/3 value before he buys.
  19. todd51

    todd51 Well-Known Member

    Joined:
    Mar 20, 2009
    Messages:
    3,002
    Location:
    Central, Ohio
    I'm too old to be too concerned about the SHTF scenarios. I don't think gold is too good as a trading item if that would occur. I couldn't tell a real gold coin from a fake. I think there are other items a person might stock as trade items in a SHTF. I do think gold plays an important part in a well balanced portfolio of savings and investments. Some thing like 10% of your nest egg in gold. I use an ETF which is just shares in a pile of gold bullion with no broker buy or sell fees. I don't sell it I keep it as a hedge, when stocks are down gold is usually up. I just keep it and hope that gold goes down because that will usually mean every thing else is going up. But if I did actually need it I can sell easily (if not in a SHTF).
  20. mad mother

    mad mother Former Guest

    Joined:
    Feb 26, 2012
    Messages:
    49
    Right on Todd
    except push it. I have 50% of my portfolio in GLD (etf). I don't forget my history. When carter was in office 800 gold .Bought the GLD around $70. Knew obammy would kill the dollar . Gas up 93% since he took office. Gold is busting 2gs in the next few months.Many pawn shops and numismatic dealers will buy your gold for $60 over spot but I buy the GLD with the exception of some brilliant proof eagles & buffs. Im tempted to vote for obammy to make MO MONEY !!!! Come on QE3....start the presses !!!
    Last edited: Feb 28, 2012
Similar Threads
Forum Title Date
General Discussion send out the clowns...... you tube Jan 14, 2014
General Discussion Who Owns Cats? Aug 31, 2012
General Discussion Rap Singers and Clowns... Nov 6, 2009
General Discussion Tomb of the Unknowns Jun 6, 2009
General Discussion Send in the Clowns Apr 1, 2009

Share This Page