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Old 04-08-2009, 08:15 PM   #41
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And keep a little on your person. I personally always have a 1/10th oz. gold eagle necklace and a 1/10th oz. gold ring on my person at all times.

I keep a 1 oz American Gold Eagle in my underwear. Just in case.
I suspect a lot of "pump and dump" is going on in the gold market atm.
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Old 04-09-2009, 02:28 PM   #42
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Bartering is trading goods or services for the same, like paying for your doctor visit with eggs and milk from your farm. That has nothing to do with trying to pay for things at WalMart with gold coins.

And if you think the U.S. economy is about to completely collapse and revert back to 13th century gold-bar trading, then you are indeed bonkers! Economists are already calling the recovery to this normal, expected, cleansing, cyclical recession: Growing number of economists see recovery on horizon - Apr. 6, 2009
You are right that barter has nothing to do with buying things at WalMart w/gold. WTSHTF, WalMart probably won't be open - unless you count the folks breaking windows with bricks to get the stuff they need to survive. As I think I alluded, if you don't see this ever happening, then don't prepare for it. Some folks like to wear suspenders and belts (in my case, also an elastic waist band). Throwing a few coins in the safe deposit box isn't going to change anyones AA much and it might help them to sleep better at night.

I hope you are absolutely correct about the economy. I'd much rather it would go back to the way it was a few years/months ago. Someday it won't - at least not for several years as happened in the 30's. Then, having something to barter (as a way of life - not going to WalMart) will have seemed like a wise thing to do - not bonkers. But, again, I hope all of us who think it could be different some day (maybe not this time) are completely bonkers!

If some day those who seem bonkers now suddenly seem like financial wizards, I will NOT be celebrating. Who wants to be the richest bum in the train yard?
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Old 04-09-2009, 03:28 PM   #43
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I hope you are absolutely correct about the economy. I'd much rather it would go back to the way it was a few years/months ago. Someday it won't - at least not for several years as happened in the 30's. Then, having something to barter (as a way of life - not going to WalMart) will have seemed like a wise thing to do - not bonkers.
No, your gold would be worthless. That's why it's not a wise thing to do. If this 3% uptick in unemployment and GDP receding back to *gasp* 2007 levels does indeed mean the entire collapse of the western world, nobody's going to accept gold coins or bars for anything. People will barter, but nobody will barter for useless gold coins. This isn't the 15th century... gold is simply no longer a world currency and nobody sees it as that.

I think you're better off spending your $15,000 on seeds, farming and fishing equipment and shotgun ammo if you truly believe our 8.5% unemployment means the end of the world is here, don't you agree?
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Old 04-09-2009, 04:00 PM   #44
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No, your gold would be worthless. That's why it's not a wise thing to do. If this 3% uptick in unemployment and GDP receding back to *gasp* 2007 levels does indeed mean the entire collapse of the western world, nobody's going to accept gold coins or bars for anything. People will barter, but nobody will barter for useless gold coins. This isn't the 15th century... gold is simply no longer a world currency and nobody sees it as that.

I think you're better off spending your $15,000 on seeds, farming and fishing equipment and shotgun ammo if you truly believe our 8.5% unemployment means the end of the world is here, don't you agree?
Disagree with your premise that 8.5% unemployment means 15th century any time soon, but I agree that if we DO go back to 15th century then seeds and ammo would be better than gold. Going back to the 1930's, I'd like a little gold too. In any case, do what YOU think is right for YOU. Again, hope it doesn't come to either scenario.
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Old 04-09-2009, 05:15 PM   #45
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Forgot to add... My advisor's Father, moved his and His Clients $ of ave of 75% into those LT Treasuries back in the 80's> Carter Yrs..( My Dad's too ) and His Son, running the firm, said he will do the same thing for those having wnough HNW to make it worth while..

just like Greenspan said he "Should " have done, but didn't after 04'....

Give me a 10%- 30 yr LT Treasury and the Heck with everything Else!
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