Invest in Gold Coins?

Only if you want to be visited by pirates.

ok look you guys, just to clarify, the most valuable commodities you think are Guns, Energy, Food etc. those sorts of things.........well let me give you some tidbits.

These are what the economists call 'finished goods' or necessities. What is your means of exchange to get these goods...other goods? what if you can only exchange your labor which most people will have to do...if anything a madmax world makes gold, silver, and other precious metals MORE valuable because they are a means of exchange.

Gold-enough for everyone to have but still to scare for hundreds of millions to attach significant value too it. you can't really manage your wealth if all of it is contained in 50 grams of metal. sorry.

Silver-very abundant, enough for everyone to have several pounds each...can much more easily store your wealth in Silver, also silver has uses such as making airplanes more resistant to cracks and silver conducts electricity. Silver is more abundant and will be a better store of wealth AND will have greater utility than Gold in the future...

Platinum-so rare that it is justifiable for large entities in a madmax world (vestiges of governments) warlords, business entities, form of mass payment for large transactions. rarer than gold, but a better store for large amounts of wealth.

does this mean gold is worthless? OF COURSE NOT. Just in a madmax type world, Silver and Platinum will be more important than gold would. Does that mean BUY ONLY silver and Platinum? of course not, its good to invest in alot of things for diversity, you never know. Something could come along that requires gold and has great utility raising its price, but its doubtful. If you are investing you may want to invest MOST of whatever it is into silver bullion and maybe Platinum if you plan on being a warlord or rich merchant. Otherwise start stocking up on car parts, coal, oil, copper wire and the like because its going to take alot to preserve your wealth into a Madmax/post peak oil world. have fun guys.

thought about it, and for those of you who said guns....

you might want to buy a metal press/smoldering kit and lots of brass and copper. You want guns? well, with brass, copper, iron, lead very cheap metals always have been always will be you will be able to make your own guns and bullets. you will also be able to make replacement parts for your cars, bikes, farm tools, and weapons.

you might also want about 5-10 ounces of plat too, or 1000 ounces of silver, which would officially make you a 'surpreme' warlord in your town, assuming the government doesn't take these things from you, but then again...how are you gonna defend yourself from 90 people with guns, if you're just one person with a gun? better to just be domicile and have large amounts of gold, silver, and plat somewhere along with knowledge of how to smelt metal and make/repair electronics or medical knowledge.

Only an idiot would kill or harm the only doctor in their community or similarly the only person who knows where all the gold is for that town. life is much more complicated than guns and energy. someone who knows how to farm and repair solar panels will probably live longer than the person with the most guns, or even gold. so hit the books guys, knowledge is the most important commodity you can ever possess.

The value of gold is perhaps emblematic of the futility of Mankind. Gold is held to great value in nearly every culture around the world...yet it inits purist form it is functionally useless...you can't eat, you can't make anything functional out of it as it is too soft...the only thing gold is really good for practically is beauty (which is purely subjective) and use as a refelctive coating...it costs to much to mine and purify as it is a trace metal

If'n I was looking for somethin to invest it, itd prob'ly be diecast NASCAR miniatures. 'cording to e-Bay my Dale Earnhardt car is now worth upwards a $50 -- costed me $16.99!

Bizump wrote:

If'n I was looking for somethin to invest it, itd prob'ly be diecast NASCAR miniatures. 'cording to e-Bay my Dale Earnhardt car is now worth upwards a $50 -- costed me $16.99!

Dam, good for you. You probably need those bizzles.

And gold is not useless, *sigh* it has utility in that it stores wealth. Thats why Fort Knox has bla bla bla bla.

you guys really don't get the utility of exchange do you?

its about EXCHANGE that makes an economy what it is. The more liquid the better. Thats why paper money is so good, the problem with paper is that people make too much of it because its limitless! I suggest you get gold/silver coins if you want anything at all. why? because coins are more liquid than a big hunking chunk of something, even finely minted bullion blocks. stick with coins they always have utility.

There's another element ( pun intended) to buying gold... it's PRETTY and it's FUN. And there is a mystique to Gold... ask Midas. And if you buy US bullion coins in Uncirculated, not proof, from a dealer, you pay a very small price over spot. And I do NOT believe that the US Mint is lying or ever has, either about the normal .900 gold content, or the .999 in the new Buffalos.

enjoy.

i buy gold coins on ebay. so the government can't track me.

seriously though, they track you when you make money off of it. whats the point of buying gold if you aren't going to sell it later? hmmm?

Willy Gates wrote:

Very liquid at 1064.43 °C (1337.5801 K, 1947.9741 °F)

O.k.

You win the "Internets."

mate,

invest in Safron, its the worlds most valuable commodity.

I probably have one of the best opinions here when it comes to cold coins.

Not the best investment now. Go onto Kitco.com and you can see how much gold has gone up over the last 5 years. It reached its all time high last winter and has been consistently high since. If you do want to invest however I suggest you buy early American gold coins or Pamp Suisse gold bars. Both can be found on ebay. Like a poster said earlier it will always have a great value and worth and unlike stocks you can;t really lose money on buying gold coins but you can;t make that much either unless you invested about 5 years back you could have doubled your investment by now.

you are right error, Gold will probably retrace to 580 on this bull stock market. but LONG term this is a good buy. I suggest opening positions in a month or so, maybe two and holding. If you like shiny metals, buy some silver (its going to 20) or buy some copper stocks. otherwise enjoy the stock market for now, its getting ridulous again on stuff it shouldn't be ridulous about. like Best Buy sucking when oil is cheap and its XMAS ( a very very bad sign for the future).

tazzel wazzel wrote:

you are right error, Gold will probably retrace to 580 on this bull stock market. but LONG term this is a good buy. I suggest opening positions in a month or so, maybe two and holding. If you like shiny metals, buy some silver (its going to 20) or buy some copper stocks. otherwise enjoy the stock market for now, its getting ridulous again on stuff it shouldn't be ridulous about. like Best Buy sucking when oil is cheap and its XMAS ( a very very bad sign for the future).

He's right. Gloom and Doom is coming. Buy an AK47 and lots of amo. Also get a 22 rifle and hand gun because 22 bullets weigh less and you can carry more amo. Hope for the best but expect the worst. Also get yourself a generator fueld by propane and stock up on propane. Make sure you keep a radio that works off an old school antenna. DO IT NOW WHILE WE STILL HAVE A REPUBLICAN PRESIDENT!!!

A 4 wheeler would be handy..