You mean you just save alot of money rather then invest? This is something I do, I grew up poor, then recession totally screwed me almost back then in 2009. I've been in savings mode for years
Gold gold gold. You're not sitting on cash if it's just a bank statement. You're sitting on a piece of paper that's a promise for another piece of paper which is credit for what was once a promise for gold.
You do realize I was sarcastically responding to another post that blamed Obama for the stock market correction? And republicans were blaming Obama for gas prices in 2012. Maybe Republicansshpukd not be let out of the house.
I want to invest in gold, like actual gold...My fiance's family are jewelers and it is definitely a no loss situation with gold. It will have a place in the world, unless we are in the apocalypse. Btw, what happened to you? You were gone for so long?
How much real gold can you actually acquire and sit on without having a vault and an armory? Most gold bugs are sitting on a piece of paper thats a promise for gold someone else is sitting on.
How about liquid gold? If that will work, then I am going to make a trip to my Grocery Store after work today
http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart It's a pretty clear trend line. Put your money in, close your eyes until you're close to retirement and move it to whatever safe bet when you're ready.
That's where you have to abandon your typical methods of storage. If there is ever a bank holiday that's bad enough for you to have to depend on gold, anyone charged with guarding and storing your gold (and any other precious metals) will also be affected by that kind of collapse. You have to use your imagination. There's plenty of cheap unpopulated land in this country, surprisingly. You don't even have to own much land to store a cache, you just have to be smart about how it is stored and not communicate it to anyone. And you have to be able to get to it quickly, and know that you can only use it for a short time span in times of desperation (desperation of others, not you). Everyone in the world knows that gold is valuable. Everyone.
It's actually one of the best currencies to have if there is an apocalypse. Silver and copper too. Pre-1982 pennies are copper. 1964 and pre dimes and quarters are silver. These will be the currency of the black market during a significant economic meltdown IMO. There will be merchants who will make change of your Krugerrand but will take a big percentage. If you want to prepare for these times, buy smaller denomination such as 1/10 ounce gold bullion or even 1 gram. Old silver coins are the best investment. At least this is how I am preparing and if it doesn't come to pass, its still nice having them.
I got busy, and the internet got not-so-important. In the event of an economic collapse, gold could make you and your family rich for years, centuries. In the event of a civilization collapse, you find the richest people possible and you find as much property you can buy, as many weapons you can buy, and the assets that would get you decent people to surround yourself with. Long term, gold would be worthless for probably 100-300 years if civilization collapsed, so you spend your nut immediately but smartly.
Hundreds of years ago, treasure chests buried on an unpopulated island were a genius way to store your wealth. There are much smarter ways of hiding it today, people don't even think about it because they think a debit card is all they will need until they die.
I never said that, what I said was using who was President as the sole factors doesn't have a clue. From the time Bush took office until 2007 the market made a pretty normal movement, in 2007 the housing crash wiped out all the gains of 6 plus years. One could try and put that blame on Bush but it would not be a true accounting of the cause.
Fair enough, I just saw who you were responding to and completely understand your response now, apologies.
Gold in 3rd world countries is so in demand. Here is some insight...I bought some 14k ring at Macys on sale and sold it in India for 2x the dollar value in rupees. In India and other South Asian countries and of course the Arab countries Gold is wayyyyyyyyyyyyy more popular then Silver. Silver is more popular in the US
A friend of mine has a method where he makes skinny gold cinder blocks in a mold, coats them in wax that is saturated in steel ball bearings for structure, then dunks them in epoxy and then quick dry cement. They actually look remarkably like regular cinder blocks. He has built two walls in the basement of his summer home already
