Gold

[parsley]

Economic distress is inevitably accompanied by
chaos and upheaval.
Katrina.
Explosions
Flood

I think you've said it mbrat: your purse will be as
heavy with shining gold, as the leather allows.
Pars

[mbratrud]

Could also bury guns and bullets someone with Gold will always need guns to protect it.

[cottonpicken]

There is over 5 billion people in this world that will
trade labour and goods and services for gold.

There are over 600 dead currencies that are worth
zilch.

No amount will buy any labour,any good or any
service.

[cottonpicken]

I'm also sorry for the above post.

I got put into a bad mood reading some economic
stuff,a lot of people in this world are going to take a
huge hit because of incompetent governments.

[mbratrud]

I will agree with you on that C, it is frustrating to see that so much of peoples disparity is because of the governance they are subjected to. For the 5 Billion people you refer to and the worthless paper they carry, nearly all of them will never have a chance to hold gold and never will. They will trade labour for anything that helps them survive.

[wedino]

This guy, "Mr. Gold", has it figured.

[URL="http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2012/1/13_Jim_Sinclair.html"] click here to listen[/URL]

[AllisWD45]

Value is all relative. Two points in time. !987 in my
area if i would have sold a good quarter of land for
40000$ and bought gold for 400$/ounce and
buried it in my back yard and forgot about it. Last
week if i would have decided to dig it up and buy
land how much land could i buy for my gold at
$1600/Ounce in todays paper currency value.

What if i would have taken that 1987 paper
currency and buried it in the back yard instead of
buying gold how much land could i buy today.Even
if i would have left it in some bank investment for
that time how much land could i buy today.

What if our country goes totally to shit and there is
an economic crash as the USA has experienced and
our currency de values and there is a real estate
crash and so on. What will the 100 ounces of gold
be "worth" then. To me probably a lot of land or
other hard assets etc. Why do you think the Chinese
are buying land here like there was no tomorrow.
They know there paper money is or will be worth
shit in a meltdown and they cant get their hands on
enough gold they looked around and there it is a
hard asset in Western canada that they can trade
ass wipe for with willing takers.

Gold is nothing but a store of value always has
been always will be.

[cottonpicken]

12 days in ketosis makes cotton cranky.

For what its worth i think there are tons of
investments better than gold,land being one,graphite
another,and dozens and dozens more.

But the reason people watch it is because it is the
canary in the coal mine.

Its telling you goods and services are going up.

[mbratrud]

I understand what you guys are saying about the bling believe me and I agree, but when you think of the catostrophic events that would have to take place on our home ground to bring us to a point where we need gold to back up our currency it's scary. Not impossible but wow.

I am convinced though when the earth switches poles and all hell breaks loose. If we are still alive most models show we should still be able to farm in SE Sask, so I will stick with land.. LOL

[AllisWD45]

Cotten you are much better at summing up what i
really wanted to say.I think you are saying it is more of
an indicator than anything only its one that has been
doing that service for 5000years or more.
Good luck with the ketosis thing.