Maybe Im starting to seriously think owning phisical gold is the way to go!

[SASKFARMER3]

With all the BS going on in the world and all the money printing by various countries. All the feel good BS reports that the countries are going broke then two weeks later their doing ok then money cash is taken from peoples bank accounts.
Some thing is up and maybe its bigger than we think.
Gold dropped a week ago by some 231 dollars a ounce. Gold companies lost huge amounts on their share value but then it started back up in value as the week went by. huge volumes.
Was this a massive buy by some individuals of gold. Not paper but real gold.
We know what is happening with land all over the place.
Hard assets are what certain people want.
Could their be a day where individuals who sold out and put their money in Banks are basically broke. Individuals who once owned massive amounts of land reduced to peasants in a matter of days.
I only own about 17 ounces of real gold maybe cotton is correct Cash in banks is worthless and gold silver and land are where its at.
Sprott seems to think this he maybe couldn't farm but he knows metals.

[wedino]

US mint sold completely out of 1/10 oz coins last week. Sprott Money was sold out on Canadian 1 oz coins last week. Believe they have more for sale now.

Your 17 oz, do you store in safety deposit box? or with a gold dealer?

[riders2010]

I am not at the level understanding the intricate details as cotton is on this but I do know that as far as land goes it will be as good as gold if things go to crap around the world. That is why at these land prices the buyers are getting a steal of a deal.
what needs to be worked out in terms of land values and rents for us farmers is that the owner has more value just holding the asset of land than your rent. What needs to happen is land should have its high value on the balance sheet but the rent should still be in line with the production of the crop cost and revenue. Thats where there is a bit of a disconnect but it might work itself out. guys paying 15oo or 2000 acre to buy and expecting 100 bucks rent doesn t work for the renter.
There has to be more acceptance of the value of just holding in your possession the asset of land. Even if you made nothing off the rent you still have the security of owning that land.

[SASKFARMER3]

Sprott: “It’s just pure insanity. When gold and silver got hit, gold traded about 120% of its annual production in one day (in the paper market). We had offerings of 25% of the world’s mine production at one time, and who in the hell would have 25% of the world’s mine production available for sale in a minute? And who would want to sell it in one minute? It’s just ridiculous.
Mine is in my safe!

[cottonpicken]

People need to understand the world chose gold
5000 years ago as the ultimate form of payment and
median of exchange,they could have chose
anything,but they didn't.

Its only 40 years and a few hundred million anglo
saxon people who have been brainwashed into
thinking it is something else,the same group who
believed eggs are bad for you.

The upcoming cascade of soverign defaults will prove
my point.Which i seriously,seriously hope i'm wrong
about.

[SASKFARMER3]

Cotton holding coins or pure gold 24 kt?

[AllisWD45]

Dont know if gold/silver is the right thing and i
don't consider it an investment but more like
insurance that i will survive the rest of my days
comfortably on this planet.
My hoard is spread out like this.
40% land and livestock (I don't actively farm
anymore)
20% small business investments with hard working
people who are away smarter than i will ever be in
their business.
20% stocks and option trading(my passion and
hobby)
20% physical gold and silver in segragated vault
storage in two places in two countries. That lets me
sleep well at night and i have never felt the need
too have it stored in a jar in the freezer.
Like I said don't know if gold silver is right for
anyone but it works for me. The one thing i would
never touch is paper gold and silver. It ranks right
down there with mutual funds as ass wipe only

[SASKFARMER3]

Allis I agree with your comment on mutual and paper gold as ass whipe.

[cottonpicken]

Your partially right rider,if you chart the value of gold
and land from 1970 till now,they would be very close
to identical,but not everyone wants the hassle of land
or understands it or is capable of exploiting it.

That being said,there is no fever like gold fever.

[SASKFARMER3]

"wipe" fricking auto correct!

[uneducatedbum]

So if the world economy collapses, how
likely is 16 dollar canola?

[farmaholic]

LOL Allis... I know f-all about paper
gold or silver but I don't believe I
would want to own paper either. If I
chose to own gold, physical possession
would be the only way I would go, I
wouldn't trust anything but my own
safety deposit box or safe. The old
saying, possession is nine tenths of
the law. What happens when you go to
present your certificate and there is no
physical there? This is just my
opinion and could learn allot on the
subject.

[SASKFARMER3]

position is 9/10s of the law!

[cottonpicken]

There are many ways to play the sector,i use a
specific timing strategy to try and maximize the
returns.

Unaudited depository companies and charlatan
mining companies are the main things to
avoid.Against all the great analysts i respect saying
different,i cannot see the futures market falling apart
because if it does the consequences would be so
great.

Allis has a impressive gasp on how one would maybe
want to structure themselves for whats coming.

[tubs]

I was watching doc zone the otherday and they were talking that their was only 2200 tonnes of gold miend over the history of this planet yet if you count all the gold reserves all the countries it comes to 2400 tonnes somebody is not telling the truth.