Has anyone invested in gold?

**ANI4ANI** · 09-24-09, 10:13 AM

We all see/hear the commercials for gold investments due to the current financial situation. Has anyone purchased gold or silver?

**Jenna** · 09-24-09, 10:17 AM

I wouldn't. Gold and silver don't have any inherent value; they only have a stable value because a lot of people believe they should. If a significant proportion of those people change their minds, they won't have a stable value anymore. They're like any other investment--just because they have held their value in the past doesn't mean they will always hold their value in the future. I think they're actually more risky in a major economic collapse than investments in stuff that most people actually need to survive, like land, which will always have some value even if it is a lot less than what you paid for (and which you can live off of if the food system collapses), government bonds, which would keep paying interest and still be worth what you paid for them at maturity unless the government goes bankrupt, and plain old US currency, which wouldn't lose too much value unless inflation skyrocketed and/or the US government went bankrupt, in which case the whole system would break down and we'd all have to live off the land anyway.

**dadyswat** · 09-24-09, 11:48 AM

I've thought about a lot lately. Inflation is going to hit hard in the not too distant future with all the money the government has printed. I've looked at Goldline and Lear Capital and Lear seems to have better prices but that's as far as I've gone to date.

**Twan007** · 09-24-09, 11:50 AM

Originally Posted by Jenna

I wouldn't. Gold and silver don't any inherent value; they only have a stable value because a lot of people believe they should. If a significant proportion of those people change their minds, they won't have a stable value anymore. They're like any other investment--just because they have held their value in the past doesn't mean they will always hold their value in the future. I think they're actually more risky in a major economic collapse than investments in stuff that most people actually need to survive, like land, which will always have some value even if it is a lot less than what you paid for (and which you can live off of if the food system collapses), government bonds, which would keep paying interest and still be worth what you paid for them at maturity unless the government goes bankrupt, and plain old US currency, which wouldn't lose too much value unless inflation skyrocketed and/or the US government went bankrupt, in which case the whole system would break down and we'd all have to live off the land anyway.

my head hurts...

but I do agree - land - and guns (with tons of ammo) are the best investments

**TXCharlie** · 09-24-09, 03:01 PM

Nope, just a few silver coins, and probably less than $1,000 worth of those.

I disagree about what would happen if the US Government went bankrupt... Except for some very large financial instutions, government contractors, people getting government handouts, and people holding US Government securities that are only backed by the government's "full faith & credit", I can't see a lot changing if people just don't panic - The Government isn't as necessary to daily existance as people think it is, and our money (in theory) is backed by our Gross National Product, not the Government.

As for what happens if people do panic: Yeah, that would cause a huge disruption in the economy, and could set us back in the stone age - But it won't be caused directly by the Government going broke, it would be caused by panic.

People already know the Government is already broke anyway - There should not be any great shock if the checks start bouncing (except for people who have not heard or read the news in the last 30 years because they spend all day listening to music stations and watching shows like "Idol").

**Car 4** · 09-24-09, 07:52 PM

Gold? Who has any money left after buying guns and ammo?

Car 4

**Jenna** · 09-24-09, 07:58 PM

Originally Posted by Twan007

my head hurts...

but I do agree - land - and guns (with tons of ammo) are the best investments

Originally Posted by Car 4

Gold? Who has any money left after buying guns and ammo?

Car 4

Come to think of it, guns and ammunition probably will be worth more than their weight in gold if the government collapses, because in the absence of a functioning government, all the sheep will suddenly need to become sheepdogs or wolves to survive.

**213th** · 09-24-09, 08:49 PM

I would like to, but I don't think I could find a seller that would sell as small an amount as I could afford. Besides, if I could spare any real money I'd build back my arsenal. Or atleast get one of my remaining guns shipped to me.

**Five-0** · 09-24-09, 09:00 PM

It’s a bad idea to invest in gold. Everyone’s talking about it right now because gold is really high.

In the book Stocks for the Long Run, Jeremy Siegel has a graph that shows what would have happened to a single dollar invested in gold, bonds and stocks since 1801.

One dollar invested in bonds in 1801 would yield $13,975 today.
One dollar invested in stocks in 1801 would be worth $8.8 million today.
One dollar invested in gold in 1801 would be worth $14 today.

**dadyswat** · 09-25-09, 07:26 AM

Guns and ammo are always a good investment, if we ever fell back to a barter system they would more valuable than gold.

**tapout** · 09-26-09, 12:47 AM

shit, i invest in gold. when i go out for a night on the town i look like Mr T.

actually, in all seriousness, no, i did not invest in gold. but i did dress up like (the white) Mr T for an 80s party last month, it was off the hook. i shaved his unique looking mohawk into my head, threw on a pair of old jeans with my black work boots, ripped the sleeves off of a black BDU top, painted a beard on (i had to work earlier that day, or i would have just grown my own), clipped some feathered earings to my ears, and put on a shit load of fake gold chains and rings. it was classic. i highly suggest it for upcoming halloween, for those of you still searching for costumes. you gotta be able to pull it off though.

**MacLean** · 09-26-09, 12:58 AM

Bullets have appreciated.

I figure I own enough to get by.

**TXCharlie** · 09-26-09, 03:29 AM

Originally Posted by Jenna

Come to think of it, guns and ammunition probably will be worth more than their weight in gold if the government collapses, because in the absence of a functioning government, all the sheep will suddenly need to become sheepdogs or wolves to survive.

I WISH I had bought that machine gun I had a chance at a few years ago... At that time the guy was asking about $7500. I forgot what kind it was, but I thought that was expensive. Seems like it was either chambered in 30-06 or .308, I can't remember.

Then a year or so ago, he sold it for almost $20,000, he said.

I also met another guy a few years ago at a local gun club who has a collection of machine guns worth over $300,000 - The one he brought for us to look at was a pre-WWII model, valued at like $45,000, and in perfect condition.

He said he's been collecting machine guns for years, and the prices have never gone down.. HOWEVER, he expects them to go down for the first time if Obama gets kicked out of office in the next election. if Obama gets elected again, the values will likely go up again, unless he sends the BATF out to confiscate all the machine guns.

**mack** · 09-26-09, 07:07 AM

I just have a few pieces of gold jewelry. I do have more in guns than I do in jewelry though.

**Jenna** · 09-26-09, 08:46 AM

Originally Posted by tapout

shit, i invest in gold. when i go out for a night on the town i look like Mr T.

actually, in all seriousness, no, i did not invest in gold. but i did dress up like (the white) Mr T for an 80s party last month, it was off the hook. i shaved his unique looking mohawk into my head, threw on a pair of old jeans with my black work boots, ripped the sleeves off of a black BDU top, painted a beard on (i had to work earlier that day, or i would have just grown my own), clipped some feathered earings to my ears, and put on a shit load of fake gold chains and rings. it was classic. i highly suggest it for upcoming halloween, for those of you still searching for costumes. you gotta be able to pull it off though.

**213th** · 09-26-09, 06:18 PM

Originally Posted by Five-0

It’s a bad idea to invest in gold. Everyone’s talking about it right now because gold is really high.

In the book Stocks for the Long Run, Jeremy Siegel has a graph that shows what would have happened to a single dollar invested in gold, bonds and stocks since 1801.

One dollar invested in bonds in 1801 would yield $13,975 today.
One dollar invested in stocks in 1801 would be worth $8.8 million today.
One dollar invested in gold in 1801 would be worth $14 today.

I always thought the point of investing in gold was not to make money, but to protect against inflation.