Price of Gold

IronWolf

Despite what people say, noone knows what the price of gold will do next.

The best approach is to buy when you think the price is below the value of what you're getting.

For stocks this is more straightforward, determining the intrinsic value of gold is something I am not able to do, so I don't invest.

HAMISH_MCTAVISH

Sarah920 wrote: »

my paranoia about the end of the world

In the event that hordes of flesh eating Zombies take over, the last thing you'll want or need is Gold.

Some things you really should be stockpiling....

-Firearms and ammunition.

-Fuel

-Food

-Medicines

-Warm clothing

-Books on first aid, agriculture, hunting and fishing.

-Salt. As much of it as you can store.

But Gold will be in plentiful supply..... Just take it from the Goldbugs who neglected to buy the firearms.;)

Sarah920

A good survivalist does not disclose what firearms, fuel and other supplies they may or may not have stored, so your comment is somewhat pointless for people who have and likely to sail over the heads of those who haven't.

James Wesley Rawles has oil drums of food and arms located all over the countryside around his ranch and he's still telling people to buy silver dollars - the question for the vast majority who have cash and a healthy sense of fear is to what use you can put your liquid assets after you've covered emergency supplies, not whether you should invest in one or the other.

Jegersmart

An article on gold here fwiw:

http://www.marketwatch.com/story/gold-is-it-time-to-call-the-top-2011-09-26-105830

Ark_Welder

Sarah920 wrote: »

A good survivalist does not disclose....

James Wesley Rawles has oil drums of food and arms located all over the countryside around his ranch and he's still telling people to buy silver dollars...

Making him and incredibly bad survivalist. Still, he's got to earn a living, I suppose.

antrobus

HAMISH_MCTAVISH wrote: »

In the event that hordes of flesh eating Zombies take over, the last thing you'll want or need is Gold.

Some things you really should be stockpiling....

-Firearms and ammunition.
-Fuel
-Food
-Medicines
-Warm clothing
-Books on first aid, agriculture, hunting and fishing.
-Salt. As much of it as you can store.

But Gold will be in plentiful supply..... Just take it from the Goldbugs who neglected to buy the firearms.;)

Should the worst happen, as in the 'entire global financial system collapses, all currencies become worthless and only gold and silver are worth anything' type scenario, - and I get the distinct impression that a lot of Precious Metal Freaks are indeed paranoid about that sort of thing - then HMG (faced with the prospect of finding 10 tons of gold by next Friday to pay the Norwegians for the gas to keep the power stations running over winter or whatever) would just take it. Citing the relevant clauses of the Prevention of the Imminent Collapse of Western Civilisation Emergency Powers Act of 2015.

Now I'm sure that HMG would be nice about it, and issue proper receipts and all that, and possibly even compensate the PMFs by issuing them with some government stock of some kind, but I've never been terribly convinced that having the odd shotgun secreted about the place would make much of a difference. I doubt that HMG would be inclined to faff about, and faced with a TA platoon kitted out with semi-automatic rifles and APC support I can't imagine that most PMFs would put up a fight or last very long if they did.

nollag2006

Hmmm... an asset with nil intrinsic value, that offers no yield, and is extremely speculative in nature.

Last person I saw buying gold in the current market looked like this: