how to buy/invest in gold...

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nl3004.kind

Active Member
welshsmoker said:
any one going to give me a tidy answer to my question or shall i just go and by a farm every week for £200-300...
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there are a variety of outlets to do this, in the uk there are some banks that will let you buy gold certificates (this paper entitles you to x amount of gold) for less than ounces, also pawnbrokers and jewelers have access to gold... if you must buy from them insist on spot prices and verify that it is pure, as some will be willing to take you for a 14kt ride on the 24kt express... frankly, save up, get a tidy amount and get it from your banker/ or a bank...
 
golddog

golddog

Well-Known Member
fdd2blk said:
why would anyone trade bread for gold? you can't eat gold.
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Gold will continue to have value as it has for thousands of years.

I don't think gold will ever lose it's allure to humans. Someone will always have more bread than they need and will trade it for Gold, guns and bullets.
 
golddog

golddog

Well-Known Member
nl3004.kind said:
but what happens when that gold you bought for 2000 per oz is only worth 400 per oz??? what goes up will come down... are you just gonna keep sitting on that gold forever? bury it under your house? will it to children? roll around in it??? i really am curious...
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What will happen when gold is only $400 per ounce?

Gold is just a hedge for bad times. I have about 20% of my wealth in physical gold. That's coins, nuggets and bullion. When gold hits $400, my Mutual funds, Stocks, Real Property, etc. will be worth way more than any loss in gold holdings.

Are you going to keep you gold forever?

At this point I cannot see a good reason to sell gold. If there was a Nuclear War and I survived, I would probably sell gold to survive.

It like this : Bury it in the ground?

Have you ever held or seen a 1 ounce coin? You could probably put $20,000 worth in the front pocket of your levi's. Do you have a large gun safe?

Will you leave it to your children? Of course, but the gold will be a small portion of thier fortune.

But thanks for asking :weed:
 
F

fdd2blk

Well-Known Member
golddog said:
Gold will continue to have value as it has for thousands of years.

I don't think gold will ever lose it's allure to humans. Someone will always have more bread than they need and will trade it for Gold, guns and bullets.
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guns and bullets maybe, but i see no use for gold.
 
golddog

golddog

Well-Known Member
fdd2blk said:
guns and bullets maybe, but i see no use for gold.
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That's all.

It will be used to barter. You can only carry so many guns and bullets, but plenty of gold.

How many guns could you buy with an ounce of gold? How many bullets?

The interesting characteristic of Gold is that you can always buy just about the same value, by weight, historically, today, as you could in the 1500's.

So, when you need it, you will always be able to buy Guns, Bullets, Bread.
Bread is only edible for a short time.

You could probably sell weed for gold and buy bread. :joint::peace:
 
F

fdd2blk

Well-Known Member
golddog said:
That's all.

It will be used to barter. You can only carry so many guns and bullets, but plenty of gold.

How many guns could you buy with an ounce of gold? How many bullets?

The interesting characteristic of Gold is that you can always buy just about the same value, by weight, historically, today, as you could in the 1500's.

So, when you need it, you will always be able to buy Guns, Bullets, Bread.
Bread is only edible for a short time.

You could probably sell weed for gold and buy bread. :joint::peace:
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i could easily bake my own bread.

i still see no need for gold. just because you have some, doesn't mean i want any. when the shit hits the fan, i have no use for gold.
 
welshsmoker

welshsmoker

Well-Known Member
you made my mind up boys, i will stick to buying blow, havent got a farm big enough yet to store all the gold, thanks everyone... lol
 
newworldicon

newworldicon

Well-Known Member
Johnny Retro said:
LOL, have fun!! Gold to the moon! http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p91352477012
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You don't make your point because you take the chart out of context, what would it look like over a longer time span and show me a time in history where gold has lost value or devalued in the long run.

Besides that, gold is not the best investment option, it's like investing in an establish or saturated market vs. investing in emerging or undervalued markets, where are the real gems to be found????................silver bullion. Research global remaining silver resources vs. silver production historically vs. the market demand vs. the market supply.

Real research uncovers the truth, not misconceptions.
 
golddog

golddog

Well-Known Member
newworldicon said:
You don't make your point because you take the chart out of context, what would it look like over a longer time span and show me a time in history where gold has lost value or devalued in the long run.

Besides that, gold is not the best investment option, it's like investing in an establish or saturated market vs. investing in emerging or undervalued markets, where are the real gems to be found????................silver bullion. Research global remaining silver resources vs. silver production historically vs. the market demand vs. the market supply.

Real research uncovers the truth, not misconceptions.
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That's what everyone tells me, gold is worthless.

:joint::peace:
 
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