Anyone know how i can buy authentic gold?

[yours truly]

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

i understand what your saying, but by that reasoning money is useless too, you cant eat it or drink it etc

gold is precious and desirable, and until recently many companies were trading in gold to counter their deficits

 

[LegendKiller]

Originally posted by: Ocguy31
So he is going to buy big bricks of food?

Gold is alot safer than a fiat currency. Economies using a fiat currency fail. We are next.....

What you don't get is that gold is no different than a fiat currency. It only has value according to the market rate, which is the exact same thing as a fiat currency. Gold's value is also constrained by how much product is on the market and perceived value.

Gold is over-rated.

 

[K1052]

Originally posted by: hopeless74

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

i understand what your saying, but by that reasoning money is useless too, you cant eat it or drink it etc

gold is precious and desirable, and until recently many companies were trading in gold to counter their deficits

If you're talking about a total breakdown of society gold would indeed be almost worthless.

I wouldn't trade you my guns and ammo for all the gold in the world at that point.

 

[waggy]

Originally posted by: hopeless74

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

i understand what your saying, but by that reasoning money is useless too, you cant eat it or drink it etc

gold is precious and desirable, and until recently many companies were trading in gold to counter their deficits

in a total breakdown of society (wich is what they are talking about) then no gold, diamonds ets are going to be worth much.

sure there will be those that collect it. but most wont.

 

[yours truly]

im sure a country like zimbabwe, gold still holds some financial clout, whereas their currency is worthless.

i might be wrong though

 

[LegendKiller]

Originally posted by: hopeless74

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

i understand what your saying, but by that reasoning money is useless too, you cant eat it or drink it etc

gold is precious and desirable, and until recently many companies were trading in gold to counter their deficits

Exactly, so exchanging paper money for gold is a lateral move.

Gold is only as precious as the artificial demand requires. It has very little practical value.

 

[waggy]

Originally posted by: hopeless74
im sure a country like zimbabwe, gold still holds some financial clout, whereas their currency is worthless.

i might be wrong though

perhaps it is. but also you have to think even the poorest of the poor somehow gets a bunch of gold can make it rich in other country's. its not a total breakdown or Armageddon as we are talking about.

 

[Special K]

Originally posted by: Ocguy31

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

So he is going to buy big bricks of food?

Gold is alot safer than a fiat currency. Economies using a fiat currency fail. We are next.....

I'll try to remember to bump this post in 2009-2010 when this current economic mess is just a memory.

Do you honestly think our entire economy is going to fail?

 

[LegendKiller]

Originally posted by: hopeless74
im sure a country like zimbabwe, gold still holds some financial clout, whereas their currency is worthless.

i might be wrong though

You are wrong. Gold, as a worthwhile currency, needs to have some value attached. That value needs to be widely known, or at least relatively easily derived. However, when the country is in constant flux and the price of goods and services unknown, the intermediary (gold or paper) becomes detached from the goods and services.

That's when you break down into a barter society. You see, gold is nothing more than an intermediary, whereby 2 oxen for 1 horse, is easily transactable. It has no real value other than that intermediary value. It isn't equivalent to a horse, but only represents one. Thus, is value is nothing more than a derivative of the underlying good. If it loses its intermediary value, it is worthless. The same with a paper currency, which depends on an intermediary value proposition based upon the supply and demand for the underlying goods that the currency represents.

The idea that, in a very distressed situation, gold will retain its value, is laughable.

 

[Eli]

This concept really isn't hard to understand..

It demonstrates a pretty incomprehensible lack of foresight and common sense.

If the economy collapsed, your gold would be worthless.. except maybe to melt down and make into bullets so you could kill things to eat. :laugh:

 

[waggy]

Originally posted by: Eli
This concept really isn't hard to understand..

It demonstrates a pretty incomprehensible lack of foresight and common sense.

If the economy collapsed, your gold would be worthless.. except maybe to melt down and make into bullets so you could kill things to eat. :laugh:

as i said gold is worthless as a tool or weapon. its pretty but worthless.

 

[Eli]

Originally posted by: waggy

Originally posted by: Eli
This concept really isn't hard to understand..

It demonstrates a pretty incomprehensible lack of foresight and common sense.

If the economy collapsed, your gold would be worthless.. except maybe to melt down and make into bullets so you could kill things to eat. :laugh:

as i said gold is worthless as a tool or weapon. its pretty but worthless.

I know, I was being facetious.

It would probably make a decent bullet, though. It's heavy, and soft just like lead.

 

[T9D]

Originally posted by: LegendKiller

Originally posted by: tk109
Gold is already hella high right now. It came down some though. But still it's over double what it was. You missed the boat on that. Gotta jump in earlier. However things can be getting a lot worse so still may be a good idea to buy gold. More banks are going to fail and we have a whole new wave of bad mortgages coming in soon all the way through till 2011. (the Alt - A loans). We are not even close to this mess being over. We've only really seen 4 states get hit super hard and look what they did, wait till the other 46 states start crapping out hard core. We're screwed.

Anyway here ya go: <a target=_blank class=ftalternatingbarlinklarge href="https://online.kitco.com/bullion/completelist.html"><a target=_blank class=ftalternatingbarlinklarge href="https://online.kitco.com/bullion/completelist.html">https://online.kitco.com.........pletelist.html</a></a>

Came down "some"? ROFL. Gold is down 25% from peak and will keep going down. It's also in the commodity bubble.

You're an idiot. Yes it's down "some" when considering it's still very high. And after today's huge stock market crash it's on it's way back up. It can easily fluctuate a lot higher. My point was that he really needed to get in earlier.

 

[LegendKiller]

Originally posted by: tk109
You're an idiot. Yes it's down "some" when considering it's still very high. And after today's huge stock market crash it's on it's way back up. It can easily fluctuate a lot higher. My point was that he really needed to get in earlier.

Yeah, I'm an idiot :/. Wow, so it went up a single day, it's down almost 300 from peak. It's knee deep in the commodity bubble and still has a way to go down. We'll see gold at 600 before we see it at 1000 again.

 

[yours truly]

quick question, why do western societies prefer 9, 14 or 18k gold and not 22 or maybe 24k like they do in india?

i find it odd that a relatively poor place like india has expensive tastes. i thought it would be the other way round

 

[Eli]

Hmm..

I was curious, but I can't find anything on Google about making bullets out of gold. I don't think there's a reason why it wouldn't work perfectly fine, just nobody would do it. Lead is just much easier to come by than gold.

 

[OCGuy]

Originally posted by: Special K

Originally posted by: Ocguy31

Originally posted by: LegendKiller

Originally posted by: hopeless74

Originally posted by: JS80
Gold is worthless. When armageddon comes, you think anyone will accept gold as payment? This is a service economy, gold has no inherent value.

i would have said the exact opposite. gold has always been a valuable commodity. national banks and governments have vast supplies.

if you want the best gold, go for canadian maple leaf. it has the least amount of impurities

If society breaks down, gold fails as an intermediary, we'll go to a barter society. You can't eat gold, can't drink gold, and can't house yourself with gold. Gold's value is limited by the demand for it, which is artificial, since it's only value is that it looks pretty, and has the inertia of historical "worth". If that stops, gold becomes worthless.

Fundamentally, gold is as worthless as diamonds.

So he is going to buy big bricks of food?

Gold is alot safer than a fiat currency. Economies using a fiat currency fail. We are next.....

I'll try to remember to bump this post in 2009-2010 when this current economic mess is just a memory.

Do you honestly think our entire economy is going to fail?

By next I dont mean tomorrow. But yes, at some point, the fiat currency will fail. If the government cant stop printing paper out of thin air, and borrowing it to spend beyond its means, the USD will fail. Miserably.

 

[ivan2]

Originally posted by: hopeless74
quick question, why do western societies prefer 9, 14 or 18k gold and not 22 or maybe 24k like they do in india?

i find it odd that a relatively poor place like india has expensive tastes. i thought it would be the other way round

too soft.

 

[alkemyst]

Originally posted by: Ocguy31

By next I dont mean tomorrow. But yes, at some point, the fiat currency will fail. If the government cant stop printing paper out of thin air, and borrowing it to spend beyond its means, the USD will fail. Miserably.

If those that are holding our loans called in for repayment en masse, we'd have no choice but to tell them sorry suckers.

China/etc would be forced to do something to get their money.

 

[OCGuy]

Originally posted by: alkemyst

Originally posted by: Ocguy31

By next I dont mean tomorrow. But yes, at some point, the fiat currency will fail. If the government cant stop printing paper out of thin air, and borrowing it to spend beyond its means, the USD will fail. Miserably.

If those that are holding our loans called in for repayment en masse, we'd have no choice but to tell them sorry suckers.

China/etc would be forced to do something to get their money.

China alone could cripple us financially by dumping thier USD reserves on the open market. A dead dollar would obviously affect them because they are highly invested in it, but they could take a loss like that and keep on ticking.

 

[fire400]

Would Hussein of Iraq buy missles with gold if he had no launcher?

Why wouldn't he?

Can you eat gold? Can you sleep on gold? Can you make gold?

It's a precious metal, yes. But if you had goods to trade, and you desperately needed to survive, would you trade it for food and weapons or a bunch of gold?

If you were robbed, and you only had your gold, you'd be robbed.

If you were robbed, and you had your food and weapons, yeah, you'd put up a good fight.

Gold can worth a lot to a person if their mindset is based on becoming rich, where society values it's worth. However, if you're talking Armageddon, you will be fighting for your life, and if you have to defend your gold, it better be well worth it...

If you think about it, in Hotel Rwanda, there was a leader who would settle for the security of acquiring strong drinks. Yeah, it's sorta like rations, but it's not "real" food 'n drink. If those drinks were proxy for gold, yeah, value would be to the mind. You'll get your thirst quenched for a little bit, but then you'll be drunk if you drink too much.

Now, as far as the Armageddon battle goes, we'll probably be fighting against increasingly sophisticated artificial intelligence at the same time.
Deadlier weapons, deadlier diseases and more fierce societies. Those robots would find weaknesses in humans and exploit them for destruction. So if you're so damn attached to gold, you'll be walkin' in a forest, and get caught in a trap if you start running towards a pile of gold nuggets.

I mean, you got the bad guys in video games. They are programmed to make you lose. It's hard wired in the software. Why would robots give us mercy?

If you want to buy authentic gold, make sure you've taken a wilderness survival class and learn how to operate weapons, and of course have a stock pile of weapons.

If China went berserk, let's hope Star Wars defense systems work. Otherwise if the nuclear codes are put in by Sarah Palin, this world is gonna taste Armageddon 30 times over.