wow this is something are these the real people long term mind ones on the low income level of society that see the truth about a over heated stockmarket and real estate run by the globalist corporations like china http://www.forbes.com/sites/kitcone...me-americans-still-prefer-to-own-gold-gallup/
That's why they'll stay poor. There are reasonably and even cheaply priced stocks even in this market and of course government and corporate bonds if you have a more risk-averse strategy.
People with gold chains consider gold the best investment. Where is the surprise in that? They probably think $3K in tires and rims in a $2500 car is wise as well.
You think people will want to own gold in a state of extreme turmoil? Buy canned food or ammunition if you worry about that, I guess they don't lose value to inflation either.
say one has a 100,000 dollars stashed now put that in can foods, ammunition? wow where yah going to store it?
Well, of course there is that issue, but what are you going to do with gold? Trade it for goods, I assume, but why would the other party want gold? It has a long history of being used as money, but I fail to see how that guarantees that it will be used for that purpose in an apocalyptic scenario.
because the us dollar will tank wi [video=youtube;pY5Ge31Ob1Q]https://www.youtube.com/watch?v=pY5Ge31Ob1Q[/video]th the 18 trillion dollar debt. stocks 401ks all useless, tangible products will be king
Gold has no intrinsic value, so if 'the system isn't there', gold becomes worthless. The guys that show up to rob you are going to take your food, water, and guns, and leave you and your gold behind. Gold is a hedge, not an investment. If preparing for the apocalypse is your concern, you'd be better off investing in a cricket farm. At least you can eat crickets if need be.
but after this system collapse there is going to be a new system again, and trust will not be in paper money, it will take a long time to regain that trust again by the people, so gold will be the standard for many years after that.
Those who want to buy gold must think through their impulse. So you buy gold, you'll pay top dollar, now what do you do with the gold? Say gold prices go up and you decide to sell. You will have to sell to a gold buyer and he ain't going to give you top dollar. The only people who make money on gold are the gamblers who are lucky. When you buy gold you are gambling. Of course gold will increase in price, but so will shovels and candy bars.
I can RUN with 1/4 million $ in gold coins in my backpack, along with the survival gear. gold will again have value, the fighting and such wont continue more than about a year (cause nearly everyone will be dead) So gold will again have value. How much value, and how soon, is anyone's guess. But I aint bothering to stash more than a few hundreds rds of ammo and a year's supply of grain/legumes/salt/honey/TVP/jerky. You'll need at least 1000 lbs per person of food, and you'll also need non hybrid seeds, knowledge of how to (clandestinely) grow sprouts, etc. stuff will be lying everywhere, just for the picking up. diesel full in tanks and drums, diesel generators, veggie oil will run diesel motors. there will be 10-100 times as much shelter as the population needs. Steel tools and weapons, pipe, metal, fiberglass and plastic sheeting, pvc pipe, fluffed insulation, clothing, etc, aint going anywhere. at least, not for a year or so, and you'll be able to gather up plenty of it and stash it long term.
Whenever you hear that ANYTHING gold, stocks, real estate, lichee nuts, whatever, is a "good investment" IMMEDIATELY dump all of it you may own, and sell it short if possible. It is the surest indicator known that something is about to go bust. Read, Extraordinary Popular Delusions and the Madness of Crowds. It's on Gutenberg. It was written in 1847 and has NEVER been shown wrong.
Its more like a mindset that i get to understand. People do buy it because of the way they get to be in all this and at the same time through how they can get a way out and provide themselves the maximum outcome is fine enough for it.
Gold and other precious metals and gems have always been the knee-jerk reaction investment in bad economies. Gold will always be a good investment, however gold is not a practical currency in present times, because honestly it doesn't have a practical purpose. Gold was coveted because it was an easy metal to forage, and the wealthy used gold as a status status symbol - in present times both ideas are moot. Gold only has value because people believe someone wants it.... It's not exactly like gold is rare or its finite when there is still plenty left to be mined.
