Gold Prices Rally on Safe Haven Buying. gold hit a new record of £767

DiggerUK

Calm down dears, the world as we know it, is changing, not ending.

If you have to choose between beans, bullets, barbed wire and bullion, do what 9 out of 10 cats do. Sing a happy song.

http://www.youtube.com/watch?v=2zQr8Rwp1tk

ess0two

chucky wrote: »

don't you love it when a44downeybandermanpizzagirlfatpignapoleon comes back to the forum

Yeah their ever so predictable,just off to stock my bunker,the second coming is upon us,we're all doomed.

HAMISH_MCTAVISH

Doctor_Gloom wrote: »

Whereas your much treasured stash of gold can be used to barter with fellow survivors for the remaining supplies of food.

Isn't it better to be the one with the food than the hungry one with the gold?

And don't you think they'd prefer to barter with people that have.......

1. Other Foods
2. Ammunition & Firearms
3. Medicine
4. Fuel
5. Preservatives, such as Salt
6. Grain, seed, access to farmland
7. Fresh water purification tablets or filters
8. Electrical generation equipment

etc, etc, etc.....

After the apocolypse, your "much treasured stash of gold" will be worthless. You can get all the gold you want from the dead bodies of the masses, from their houses, and from the ruins of their banks.

If I really thought the world as we knew it was ending shortly, I wouldn't be converting my savings into Gold.......

I'd be off down to Tesco with a van.;)

phil_b_2

It amazes me when the goldbugs come out of their dens to preach how their gold stash will make them kings of the land when the world as we know it collapses. Of course, if that happened gold would be of no use whatsoever to anyone.

chucky

Asheron wrote: »

Gold Prices Wednesday were rallying to their 2010 highs after investors bought gold as a safety net against a euro crash and Greek debt.

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7645903/Gold-hits-four-month-high.html

:rotfl:

chucky wrote: »

do you have an update on this Asheron - is gold still rising?

i'm really hoping that Asheron can come back give me an update on his Gold investments and whether it's a sound investment.

i really want to invest and need him to give me the all clear before I go for it.

StevieJ

Doctor_Gloom wrote: »

Your worthless piles of paper currency would only be useful in so far as being able to be set fire to in order to keep warm.
Whereas your much treasured stash of gold can be used to barter with fellow survivors for the remaining supplies of food.

Why will the remaining survivors be changing food for gold

kabayiri

chucky wrote: »

i'm really hoping that Asheron can come back give me an update on his Gold investments and whether it's a sound investment.

i really want to invest and need him to give me the all clear before I go for it.

You should know chucky that if you can afford gold as an investment, then you are one of the lucky ones. The same is true if you hold Blue Chip shares, property with significant equity, yadda yadda. It's lucky to have the choice.

I'm happy to own some gold as I've said before; and I've no interest in persuading others to buy it. My risks are my own.

This is somewhat different to the house ramping you frequently see here...reminding people how they have missed the boat. I don't quite see that from those who choose a modicum of gold as an asset.

Asheron

Asheron

I don't tell people to buy gold to get Rich..........

I tell people to buy Gold to preserve wealth

lvader

Gold prices increased about 0.5% (US$ price) in the pm price set.