Gold? Really? What is this 1860? Gold won’t do much good if currency’s collapse.
Price gouging
- Thread starter lwing
- Start date
Gold? Really? What is this 1860? Gold won’t do much good if currency’s collapse.
If money is worthless, go ahead and send me $5000 today. PM me, you can use emt.
What people do not realize is that gold is only worth what people are willing to pay for it - gold is worthless if no-one is going to buy/trade it from you
The people who tell you they only keep gold and have no use for $ aren't buying their own groceries and don't own a vehicle that needs fuel, and don't need to pay utility bills. They are BSing, or maybe mom and dad are still buying the groceries in that household.
If $ is worthless, then why do the gold retailers take $ in exchange for gold? The gold hawkers push us to buy gold by scare-talk of inflation, currency collapse, etc. But currency is the only form of payment these gold sellers accept. You'd think people could see the obvious problem with that scenario but apparently not.
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Man, I love these threads, they only come around about once every 5 years or so. First with Afghanistan and Iraq kicking up post 9/11, then again with Obama, then Sandy Hook, Vegas, Covid, and now rampant inflation.
Things will calm down in the future, and no system or current set of prices stays the same forever.
7.62x39 and 7.62x54r are still relatively cheap, looks like it's time for another crate 'just in case'.
Things will calm down in the future, and no system or current set of prices stays the same forever.
7.62x39 and 7.62x54r are still relatively cheap, looks like it's time for another crate 'just in case'.
I don't follow. If cash is worthless as you say but governments, companies and persons will sell you gold for cash. They also buy. You are buying gold with after tax dollars AND paying in USD. You can't eat gold but I'm sure sure someone will sell you a bushel of corn for one troy ounce of gold. Outrageous you say? Eat you gold. Other commodities used as currency, past and present, tobacco, salt, livestock, soap and diamonds. I'm sure there are others. The barter system has worked since the beginning of time.
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Not hardly.
Yesterday I was conducting some business in Calgary, stopped by a gun shop and purchased two (2) boxes of bullets. Noslers 25 Cal. 110 Accubonds, $63 for each box, plus the tax. I refuse to believe that prices will decrease, therefore might as well purchase now.
Mid way through the pandemic, toilet paper had more value than gold. 'Cause y'all can't wipe yer arse with gold.
But you can buy just as much of that toilet paper with Gold now as you could at any time in history that toilet paper was available.
That's all gold is for. It's not a great investment strategy but it is a great hedge
I've been in situations where a 1kg bag of rice and a 4 litre can of gasoline, each cost one gold krugerand. Paper money of any kind wasn't accepted
I shoulda bought gold every second paycheck when I was in my late teens and early 20's. I think it was 1989 ish or 90 and gold was 300 an oz approx. That would have been a handy "hedge" right about now.
I do have some ounces of raw unrefined gold kickin around but I haven't been desperate enough to refine it to cash in LOL
I do have some ounces of raw unrefined gold kickin around but I haven't been desperate enough to refine it to cash in LOL
CASH is KING ! Can't Spend Gold or Silver at the store or gas station HERE - BUT now maybe in other places its Better ! RJ
I see articles on Venezeula with people buying groceries with gold shavings right now, and it's clear that in times of collapse precious metals are still very much considered currency.
I buy PMs mainly as a hedge, to preserve some wealth if/when inflation rapidly devalues our dollar. Maybe our current high inflation doesn't get worse, maybe we will see hyperinflation, don't know. I'm hedging my bets.
With Russia and China seemingly trying to go back to a gold standard, which would end the US reserve currency status and put a massive hurting on our Canadian dollar, I'm thinking diversification isn't a bad idea.
I buy PMs mainly as a hedge, to preserve some wealth if/when inflation rapidly devalues our dollar. Maybe our current high inflation doesn't get worse, maybe we will see hyperinflation, don't know. I'm hedging my bets.
With Russia and China seemingly trying to go back to a gold standard, which would end the US reserve currency status and put a massive hurting on our Canadian dollar, I'm thinking diversification isn't a bad idea.
Gold prices are at damn near record high prices. Anyone who actually looks at a graph of gold prices can come to two conclusions:
1) gold is the way to go, it's going up while inflation devalues the dollar.
2) gold is going to crash and anyone who buys it NOW, when it's at near record prices, is going to get burned.
I'm in the second camp. Buying gold NOW is stupid. People who bought gold in 1980 when inflation passed 10% quickly saw the price crash, and the price didn't return to 1980 levels until 2007.
1) gold is the way to go, it's going up while inflation devalues the dollar.
2) gold is going to crash and anyone who buys it NOW, when it's at near record prices, is going to get burned.
I'm in the second camp. Buying gold NOW is stupid. People who bought gold in 1980 when inflation passed 10% quickly saw the price crash, and the price didn't return to 1980 levels until 2007.
- Location
- WMU248 near Edmonton
well with the price of gold being what it is I guess In should get back into panning for placer gold.
pretty much anywhere along the North Saskatchewan
as for powder and primers I'm thinking I'll have to buy more eventually, so I need to keep tabs on my stash
might shoot more 243, and less magnums.
I really need another 22 Hornet
pretty much anywhere along the North Saskatchewan
as for powder and primers I'm thinking I'll have to buy more eventually, so I need to keep tabs on my stash
might shoot more 243, and less magnums.
I really need another 22 Hornet
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seen it coming a while back.baught a 17 hornet and 3 pounds of AA1680.at 12 grains per reload i should be good for the rest of my shooting life.i think small calibers are the way to go.personally i dont think prices will be coming down.when i see powder at a decent price i tend to buy all i can cause i figure it will only get worse.
Traveling around BC; its always exciting to see a few specks of colour in the pan.well with the price of gold being what it is I guess In should get back into panning for placer gold.
pretty much anywhere along the North Saskatchewan
as for powder and primers I'm thinking I'll have to buy more eventually, so I need to keep tabs on my stash
might shoot more 243, and less magnums.
I really need another 22 Hornet
