Home Forums Hunting & Shooting Hunter's Campfire Physical Gold

Just read an article where an "expert" says not to buy Costco gold 1 ounce bars. His reasons.....
1. It is a bar but in fits in your hand!
2. Someone could come to your house and steal it.
3. ( Only half way reasonable thing stated). You have to pay over "spot" to get it and then get lower than spot when you sell.

He says to buy funds. You know the internet fantasy that could disappear in a blink. I say own some tangible assets, whether gold, silver, guns, art , property.......
The deep state wants you to put everything into something they can get and control. I have retirement accounts online too but......

Never been a fan of gold. Gold is being purchased for a chit hit the fan type of situation. What good would gold be in a situation like that? Buy ammo, food, guns ect. Chit that has real value in a world on fire type of thing imo

Gold has been a poor investment for the last 3 decades.

It is an immensely portable asset though. If you are worth tens of millions, and trying to preserve wealth, you could make an argument.

If you are trying to grow wealth don't even try to make an argument.

I see it that way also, but then again there could be scenarios far different from what we imagine could happen in the future. It could be "uhh ohh," or it could be "ohh, shit!" Or maybe something in between.

Decades ago I reasoned it out and concluded that the lowly .22 LR cartridge could become the coin of the realm in a SHTF scenario. I invested. May not ever be worth much, but then again...

As Geedub says...quien sabe?

Gold is good.

Best to think of it as a hedge, an insurance policy.....

I do believe that as "Coke is the real thing," gold is the real money, so there's that.

It's a great deal for those selling it.

Those of modest means might better look for something within those means. Rich folks can afford to splurge a bit on “insurance” like gold.

Gotta remember that the government once made it illegal to hold bullion. They might do it again. Coins were still legal to hold IIRC.

Yes, modest means.... buy silver...

Silver is a joke. I'd buy ammo.

You do realize you can buy both? silver was money... until 1964

Will everyone have to carry around a little acid test kit to prove it’s authenticity and carat weight?

You can’t have buys and sellers getting duped by that Good on a Roll crap down at the Compton’s Swap Meet.

If we get to that point, that will be the least of your worries

I like gold. I like Krugerrands.

Lead will be the new "precious metal". Especially when loaded in a primed & charged brass outer shell.

Exactly. Smart money goes to ammo

Only ancient coins were still legal. All US gold coins and bullion were supposed to be turned in. Only like 2% of gold in private hands was actually turned in, though. Banks all turned in their gold (which got melted into big bars), but private citizens didn't, for the most part. They just kept it in the family, generation to generation, till it was legalized again forty some odd years later.

It never stopped being money. Neither did gold. They just stopped being currency, or rather the government made our currency fiat, i.e., removed the backing to it. It used to be backed by real money, i.e., gold and silver. Today, it's only valuable because you have to pay your taxes in it, which maintains a certain level of demand for it. Which is why they needed the 16th Amendment before they took gold and silver out of our currency.

I’ve got some. Probably pick up more if the right circumstances and urges hit me.

Osky