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

[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.

[AllisWD45]

I am quite comfortable with vault storage for now.
Audited once a year and i know the numbers of every
piece.
I even went to "visit" some of it once since i was in
town anyway.
The one thing i have to say to see and feel a gold bar
is a very different experience. It has an aura to it and
gives a better understanding to me of why it has such
a history over the past 5000 years.

[BFW]

Just wondering Allis what does it cost to store your gold in such a storage facility?

[wilagro]

Those who invest in paper gold or coins or gold bars are suckers. Invest in something that will return a constant return of dividends or wages or stock options.

If the whole world economy were to collapse...your GOLD will be useless as you won't want to give it up because you'll be hoping for the value to GO UP again. Once it is out of your hands then YOU TOO will be as poor as the rest of the population. Believe me, it will all be FOOLS GOLD if there is economic collapse. Gold hoarders are like problem gamblers...they are hooked and don't know how to enjoy their wins and are only happy when they are losers and the next spin of the slot machine brings another chance for the thrill of a win.

Try buying a loaf of bread, a litre of milk or a single pork chop or steak with gold...what are you going to do?...file off a few bits of metal or shake a bit of gold dust out of your poke.?

The coin of the realm in which you live will still be the medium of exchange...gold is just to unwieldy in this day and age to be practical.

[farmaholic]

For me it would be part of a well balanced
portfolio.....

[cottonpicken]

Ya,but,Wilagro,it was your colossal welfare socialist
state theory that put us into this position where we
have to question the purchasing power of currency.

Gold is not special or magical,its just a medium of
exchange.Something like land is probably
better,unless of course someone like justin treaduuu
descides all the farms should be nationalized or taxed
into the ground for the greater good.