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

[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.

[BTO_farmall]

SlackAlice,

I GuaranF#ckinTee Yous, That Gold Stuck In a Vault Somewhere, Will Never, and I Mean NEVER Be Recoverable When The Collapse Finally Happens, How Naive of You Ta Think Any Different - Dumb A$$!!!!!!! Say, How That Colony Comin in The Hood Anyway!!!!!!!!!!!


Tubby,

To This Date There Been Roughly 160,000 Tons of Gold Found World Wide, Don't Know Where Yer Gettin Those Numbers From!!!!!!!

[tubs]

thanks bto i thought that number was awfull low that was cbc

[errolanderson]

would buy gold if inflation was actually a risk, but the opposite is true. too many gold bulls are getting their ass kicked and the bloodletting likely isn't over for 2013.

as the old saying goes . . . when everyone is running . . . walk.

[cottonpicken]

Guess i have to ask if you foreseen golds,land and
oils rise ten years ago?

[errolanderson]

cotton . . time to live in the present

[wedino]

Errol,
Inflation big time. USA is printing $85 billion each month, $1000 billion per year. Japan huge priting as are other central banks.

[Horse]

I dont have a big problem of where to store my wealth. But I always wonder just what good is gold, if noone wants to trade a steak for gold who cares how much you think its worth. $800 two yr ago now $16/1800 how did it become valuable, unless money manuplators did it and if they did they can also go the otherway IMO

[HappyFarmer]

Wouldn't silver be more of a liquid commodity to
have than gold if all hell breaks loose?

[sumdumguy]

Tend to agree with Errol. I was there in 1980.
Soon after Jan, both precious metals and land
took a ride on the Reading. Think Berkshire is
buying today?

I guess none of us know for sure what will
survive. Would be nice though. $1470 is cheap
for gold considering it was $800 in 1980. Land
needs maintenance and buyers are at the mercy
of farm workers right now and lots of capital.
Gone are the days of 1/2 and 1/2 farming.

[cottonpicken]

I feel like i'm going mental trying to explain this stuff.

The run up in the eighties was stopped by interest
rates.The crash in land values and gold was easily
forseeable by those astute enough to know how
things work.

I'll be the first one selling land and gold and my first
born to buy 30 year maturities at 18% if i was to ever
be blessed with the opportunity.

But i assure you guys-this will not happen to the
current system in its present form.