Buy Gold U.S. Coins NOW !

Groiny · August 22, 2011 8:56AM

The world economy hangs by a thread. A large part of the world is completely broke. They will never be able to pay their creditors back.

Global banking powerhouses are sick with bad debt.

Americans are out of work in historic numbers. And home values appear locked in ice.

MsMorrisine · August 22, 2011 9:09AM

are you saying the end of the world is near?

could it, by chance, arrive sometime in 2012?

devious · August 22, 2011 9:14AM

Gold will not secure a human being in the future as well as food, weapons, and knowledge will. Just my two cents. If the world is ending, I'm going to Peru already.

Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled?

Kove · August 22, 2011 9:15AM

Agreed.

On the flight to the Chicago ANA last week, I read a book originally written in the 1970s called "When Money Dies." It tells the story of the collapse of Germany's, Austria's, and Hungary's money in the 1920s.

While I typically don't hang out with the "tin foil hat" crowd, I was absolutely shocked at the parallels to our situation today, and how far progressed we are on the same road as those countries back then. We're not in the first inning of dollar devaluation, it's more like inning 3 or 4. The people who owned commodities (food, gold, raw materials) made it through with much of their wealth intact. Everyone else, not so much.

BBN · August 22, 2011 9:30AM

I don't really want to go much further into gold. I'll be going silver now as it's much more affordable. The price of gold has just about priced J6P out of the gold market. I agree with devious in a collapse scenario of chaos. In that scenario I'd rather have some chickens that produce eggs, a lot of dry beans and rice and a variety of produce seeds on hand and handfuls of silver dimes for trade if metals become a tradable commodity for goods..

BryceM · August 22, 2011 9:38AM

Truly hungry people will gladly trade an ounce of gold for a bushel of wheat.

But, J6P is also a pretty resourceful guy, and we here in the US have a few things going for us that the Euorpeans didn't in the WWI / WWII era. A little preparation might go a long way.

Edited to fix some of the spelling mistakes.

Phaethon · August 22, 2011 9:41AM

<< Gold will not secure a human being in the future as well as food, weapons, and knowledge will. Just my two cents. If the world is ending, I'm going to Peru already.

Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled? >>

I would agree with this understanding of the calendar. It doesnt mean the world ends but implies that the current status of things change. This could take on many varibles as we have seen in past few years and are now coming to trution. examples below

Current status of the Middle east .. could it be that islamic radical run governments will fall ?
The US economy ? Finally paying the bill for a government for the government and not for the people ?
European Economic collapse ? For trying to manipulate the european economy by way of the Euro monetary system.. now instead of one country failing it drags them all down

just food for thought

Leonidas · August 22, 2011 9:47AM

1877 ?

Steve27 · August 22, 2011 9:52AM

Buy platinum, it's 30 times rarer than gold, sells for about the same price as gold, and hasn't reached its high set in 2008.

morgansforever · August 22, 2011 10:02AM

<<Americans are out of work in historic numbers. And home values appear locked in ice >>

Funny the media says UE is down to 9.1. What's the actual UE? 17%, 20%?
Home sales here don't happen, most have been for sale for years.
Some more than 4 years, some 5 years plus. Shat doesn't sell. Seems no one is buying,
banks aren't lending, and there's a dozen foreclosure a week in the local paper.

lordmarcovan · August 22, 2011 10:04AM

<< The world economy hangs by a thread. A large part of the world is completely broke. They will never be able to pay their creditors back.

Global banking powerhouses are sick with bad debt.

Americans are out of work in historic numbers. And home values appear locked in ice >>

Let's just hit the global RESET button then, give everybody a clean slate, and start over from there.

mingot · August 22, 2011 10:07AM

*YAWN*

PerryHall · August 22, 2011 10:08AM

<< Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled. >>

I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel.

mingot · August 22, 2011 10:09AM

<< 

<< Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled. >>

I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel. >>

I agree with you.

But it's no more ridiculous than ANY other religion.

lordmarcovan · August 22, 2011 10:09AM

Why buy gold U.S. coins NOW, anyway? I mean, gold is gold. World gold coins are often prettier, or older...

(Secret Darkside takeover attempt- bwahahaha!)

percyb · August 22, 2011 10:14AM

Not too late to the party, to be sure, but where were you with this sagacity a few years ago when gold was selling for say, $300, or $500, or $1k?

BBN · August 22, 2011 10:18AM

The rapid advancing in technology also aids in tyrants taking over any nation or controlling people. We have become almost totally dependent on technology and the overwhelming majority of Americans could not survive independently of various services. I do not see life becoming primitive, but I do see governments clamping down on how people make purchses and the best way to do so is making people dependent on technology.

JamesMurray · August 22, 2011 10:32AM

<< Not too late to the party, to be sure, but where were you with this sagacity a few years ago when gold was selling for say, $300, or $500, or $1k? >>

morgansforever · August 22, 2011 11:01AM

<<I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel. >>

The Mayan created architectural masterpieces, with exacting precision, complete with detailed inscriptions.
Made significant advances in mathematics and astronomy, including the use of the zero.
Developed a complex calendar system based on 365 days, were great farmers and artists.
Could you have developed the wheel 20,000 years ago?
Humans today are far more advanced, we contaminate the water we drink, and pollute the air we breathe.

Groiny · August 22, 2011 11:04AM

<< Why buy gold U.S. coins NOW, anyway? I mean, gold is gold. World gold coins are often prettier, or older...

(Secret Darkside takeover attempt- bwahahaha!)

>>

.this is a U.S , not World coin Forum

Groiny · August 22, 2011 11:05AM

<< are you saying the end of the world is near?

could it, by chance, arrive sometime in 2012? >>

I don't think the entire world is gonna go - just the U.S economy ; and it will start THIS October !

Groiny · August 22, 2011 11:09AM

<< Gold will not secure a human being in the future as well as food, weapons, and knowledge will. Just my two cents. If the world is ending, I'm going to Peru already.

Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled? >>

no doubt you are right on the "money" ............

but I don't have any chickens- I got no bushels of wheat -

I do have guns and plenty of ammo , and books that tell me how to live off the land and eat how to survive on bark, roots, grubs , etc

............but I think the gold and silver will be the ticket to get the things I need ; I KNOW the U.S. dollar ain't gonna cut it

Groiny · August 22, 2011 11:13AM

<< Not too late to the party, to be sure, but where were you with this sagacity a few years ago when gold was selling for say, $300, or $500, or $1k? >>

........I had stockpiled some in the form of Mexican 50 Peso's - but caved in to profit and sold them when gold was around 800$

I suffered from what 99.99% of the people are in right now : denial

......not me , not anymore - it's coming and I'm getting ready for it

Groiny · August 22, 2011 11:17AM

I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel.

their predictions may be questionable; but anyone who has studied their culture and accomplishments would be correct in saying the Mayans were nothing short of incredible .

nickel · August 22, 2011 11:29AM

while platinum is much rarer than gold , after the buyers clean out our gold bullion
inventory , the few pieces of platinum still sit in our display , looking for a new home .

keyman64 · August 22, 2011 12:23PM

<< Buy platinum, it's 30 times rarer than gold, sells for about the same price as gold, and hasn't reached its high set in 2008. >>

Demand is a funny part of the equation isn't it. The demand just isn't there for platinum so the price stays down near gold.

bidask · August 22, 2011 12:26PM

<< 

<< 

<< Oh, and as one who studied mayan calendar end date, it's not the end, but the collapse of a major empire hangs over our head. Could this all be adding up to America finally being toppled. >>

I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel. >>

I agree with you.

But it's no more ridiculous than ANY other religion. >>

that is only true if your a pagan
or an atheist.

DeepCoin · August 22, 2011 12:27PM

Gold is a temporary haven. Things will calm down and I would get into Platinum before buying gold right now. If you truly want a hedge that has little downside risk.

coinandcurrency242 · August 22, 2011 12:45PM

Sooner or later the sky will fall!

AMRC · August 22, 2011 12:55PM

House down the street was listed for 1.2 MM 20 days ago. It sold for 1.15MM. Boy are those buyers dumb. Banks, the stock market and the public at large are sitting on the largest cash hoard ever. Maybe the sky is falling, but no amount of metal is going to save anyone if it gets as bad as some are predicting in this thread. And of course we all know that gold going up they way it has in the last year has many precedences in history of staying there. Tulips anyone?

Zrider · August 22, 2011 1:56PM

<< I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel.

their predictions may be questionable; but anyone who has studied their culture and accomplishments would be correct in saying the Mayans were nothing short of incredible . >>

and dead.

PerryHall · August 22, 2011 9:50PM

<< 

<< I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel.

their predictions may be questionable; but anyone who has studied their culture and accomplishments would be correct in saying the Mayans were nothing short of incredible . >>

and dead. >>

While their empire collapsed the Mayan people didn't all just die---their descendants are alive and prospering.

Groiny · August 22, 2011 10:15PM

.........and their buying gold like there's no tomorrow !

Groiny · August 23, 2011 12:20AM

You see, some of the world’s largest governments are going broke, and these politicians will take any steps necessary in order to maintain the status quo: they will lie, they will steal, they will declare wars, they will bankrupt their people with hyperinflation...whatever it takes.

JamesMurray · August 23, 2011 12:44AM

<< 

<< 

<< I can't believe any rational person gives this Mayan prediction any serious consideration. They weren't even smart enough to discover the wheel.

their predictions may be questionable; but anyone who has studied their culture and accomplishments would be correct in saying the Mayans were nothing short of incredible . >>

and dead. >>

While their empire collapsed the Mayan people didn't all just die---their descendants are alive and prospering. >>

Making a good living at Hallmark churning out greeting cards & calanders ?

Groiny · August 23, 2011 1:17AM

........The last B-day card I bought was that "singing" type - and cost $ 5.95 !!!!!!!

I would say the descendants ancient Indians are doing real well !

crypto79 · August 23, 2011 1:49AM

<< ........The last B-day card I bought was that "singing" type - and cost $ 5.95 !!!!!!!

I would say the descendants ancient Indians are doing real well ! >>

This thread is getting a little troll-ish

goldbuffalo · August 23, 2011 1:57AM

I think this thread is 10 years to late.

If you bought gold 10 years ago, @ $300 oz, you'd be up 600%.

What's 600% from here?

And by the way, buy Google and Apple, 10 years ago.

Also, if you want to play gold buy GLD on the stock market.

Gimme some info I can use.

Not info that I should of had 10 years ago.

ttown · August 23, 2011 2:04AM

<< I think this thread is 10 years to late.

If you bought gold 10 years ago, @ $300 oz, you'd be up 600%.

What's 600% from here?

And by the way, buy Google and Apple, 10 years ago.

Also, if you want to play gold buy GLD on the stock market.

Gimme some info I can use.

Not info that I should of had 10 years ago. >>

Buy physical and stay away from ETF's. You should be able to use that.

kiyote · August 23, 2011 2:17AM

Buy gold in 1996! That's my advice.

BBN · August 23, 2011 2:53AM

<< I think this thread is 10 years to late.

If you bought gold 10 years ago, @ $300 oz, you'd be up 600%.

What's 600% from here?

Gimme some info I can use.

Not info that I should of had 10 years ago. >>

which is why it may make more sense to buy silver right now. Silver hasn't seen this same run up yet and probably has a safer floor at this point. The average American is just about priced out of gold so I could see them starting to buy silver.

Raufus · August 23, 2011 2:58AM

<< Buy gold in 1996! That's my advice. >>

Great advice...if only I had money then :-)

Interesting thread.

At work, not much time to write, sorry in advance for typos, spelling errors, etc...

There are all sorts of contingencies to be prepared for. Most are prepared for none, even a week or so w/o power.

Talk of bartering w/gold, silver, etc. implies a much more dire situation. One in which social oder has or is collapsing. This is another matter altogether.

Few are prepared, fewer will survive.

I was at TREXPO East a few weeks ago. It's a large Tactical/Counterterrorism conference. Attendance is restricted to Military/LE Professionals - lilkely the most prepared in all respects in society. One of the conferences was on what many consider to be the most clear and present danger to our Nation: a natural or non-natural EMP attack. Most in attendance at this conference were active duty, combat military (i.e, not many REMFs) and full or part time Tactical Officers. You could hear a pin drop. It was chilling.

A Congressional Commission was established on the EMP. The Commissioners were some of the absolute brightest scientific minds in the US. Google the Congressional EMP Commission. They felt that the threat was very serious. They had specific recommendations for the hardening of our power grid. Some such legislation passed the House w/no dissenting votes - think about that. It was held up in the Senate - where it surely would have passed by a very large margin - by the useless Sen. Murkowski of Alaska. Now, amidst the budget, debt, etc. it is lost.

To the point: Such an event is possible. Estimates are that one year out, 2/3 to 90% of the U.S. Population would be gone. Check out the book "One Second After" by Forstchen. It's a novel, but many in the security community read it and note that it's a pretty good glimpse of what a collapse of order of our society would look like.

Be it EMP, a nuc, who knows what, the survival implications are similar: food, weapons, water filtration equipment, a band of people protecting each other, perhaps some gold or silver for barter, seeds, high-energy food tabs, weather/heat/cold protection, lights, etc. The best barter would likely be food and ammo, esp. small caliber and bird shot. Plan to hunt rabbits and squirls with that .223 or .308? Not much left.

If there is an EMP event, got an electronic lock on the gun vault? Ooops. Electro-optics, NV stuff, lasers not shielded? Oops. Better have good back up iron sights or a Trijicon.

Got a real, serious bug-out bag in the car? No excuse not to. Any man made attack is sure to occur between noon to 3 EST for maximal effect - clogged roads, at work, separated from family, etc. You can bet that you'll have to bug out of your car and hump it along with a LOT of others who will want your stuff.

Check out Nitro-Pak.com or a similar site. One stop shopping.

Forget the EMP, look at the recent natural disasters. Look how many die from contaminated water alone. Have a well which can be manually operated? I'll bet in such a horrid situation a nice water filter, water purification tabs, etc. will be much more in demand than a 1907 UHR.

Food for thought.

The reality is that if the real badness happens, if we're bartering with gold and silver, many if not most will die. So much banter about this stuff is academic as so few have even begun to prepare - emotionally, materially and skill set - that they won't last long.

If you can afford to mess with gold eagles, buffs, etc. you can afford to be prepared.

Have the supplies, get some books, have a plan with your family, be well armed, get well trained. Life is precious. Learn to presereve yours and your loved ones.

Prepare for the worst and hope for the best. If it does hit the fan, hope that you're blessed with another of the necissities for survival: luck.

The opposite of denial is preparedness.

Cheers :-)

devious · August 23, 2011 3:05AM

I'd go even further and say: Prepare for the worst and expect the best. Positivity saves lives! PRONOIA+++

BBN · August 23, 2011 3:29AM

I just do not know that I would not want to hang on to large hunks of gold for barter. Walking into a place with a half or full ounce of gold for use in trade will just draw people to want to rob you. I think 1/10 at largest would be all I'd want to own in gold. For simple survival in a tin foil hat event, I'd mostly want silver dimes and quarters and have a multitude of produce seeds. Just recently, anytime we've eaten peppers, zuchini, yellow squash or tomatoes, I've extracted some of the seeds and saved them. Not so many of the tomatoes and zuchini, but mostly pepper seeds which are easy to collect in a large mass by simply cutting up a pepper.

Hey, in a best scenario I have seeds to replenish my garden for next year instead of having to buy an already established plant.

BBN · August 23, 2011 3:47AM

On a moe normal conversation, with gold shooting into orbit, will the US mint respond by making a 1/20 coin?

Pokermandude · August 23, 2011 3:50AM

<< Buy platinum, it's 30 times rarer than gold, sells for about the same price as gold, and hasn't reached its high set in 2008. >>

Except if the economy goes into the toilet, the demand for Pt in the automotive industry and jewellery sectors will be almost nil. These two areas are a very large portion of the demand for Pt.

BBN · August 23, 2011 7:11AM

Here's an interesting article from last year about an EMP attack.

Link

In a worst case scenario (which I don't see happening), it would be wise for people of diverse skills bunch up together in certain places. Maybe one person is a master of growing squash, one has the capability of his chickens producing eggs, others have the skill of building. Wise people from these various backgrounds would seek each other out, band together, use their skills, livestock, and produce to trade, and be on call ready to defend each other from outside opportunists.

mingot · August 23, 2011 7:51AM

<< Just recently, anytime we've eaten peppers, zuchini, yellow squash or tomatoes, I've extracted some of the seeds and saved them. Not so many of the tomatoes and zuchini, but mostly pepper seeds which are easy to collect in a large mass by simply cutting up a pepper.

Hey, in a best scenario I have seeds to replenish my garden for next year instead of having to buy an already established plant.

>>

Plain old grocery store stuff? You're probably going to have problems with it either not germinating or producing fruit that is nothing like what you took it out of. Spring for a good supply of stuff you know will grow right.

BBN · August 23, 2011 8:00AM

<< 

<< Just recently, anytime we've eaten peppers, zuchini, yellow squash or tomatoes, I've extracted some of the seeds and saved them. Not so many of the tomatoes and zuchini, but mostly pepper seeds which are easy to collect in a large mass by simply cutting up a pepper.

Hey, in a best scenario I have seeds to replenish my garden for next year instead of having to buy an already established plant.

>>

Plain old grocery store stuff? You're probably going to have problems with it either not germinating or producing fruit that is nothing like what you took it out of. Spring for a good supply of stuff you know will grow right. >>

Oh, I have packets of seeds too. If anything, I just want to learn how to grow my own food anyway just because people always have, and well, just want to save some money.

Done some reading on some of those and the zuchini and other squash will be worthless because of them being picked while still immature. I should have known this since I grew a lot of zuchini last year and a couple I let grow to full size for kicks and grins. I should have harvested those seeds. Oh well, was able to get some yellow squash and zuchini seeds on clearance at the local Rural King today. We also have locals that grow their own stuff and sell at a farmers market setup and sell very nice plump tomatoes. I had been taking the seeds out of those for some time now. Not from the whole tomato. Just the very top after we lop it off. there are usually 4-5 seeds up in this part. Over time, these accumulate.

BTW, we hit the local stands and farmers' markets for our produce from May until Sep-Oct. The grocery store stuff is undergrown and frail. Not too tasty.

Sorry to hijack, folks. I turned this into a green thumb thread.

timber100 · August 23, 2011 9:12AM

Good advice Raufus, Thanks! I have not prepeared nearly as well as I should, like the thoughts about .22 and shotgun shells and water filter. I have plenty of.223, 7.62 9mm etc but very few for my shotgun and .22. I do not think much will go wrong, but i really should practice my scouts motto.

Raufus · August 23, 2011 10:24AM

No problem, very glad to share the info. While many have the black rifles (and should) I find that many neglect a good .22, esp. a nice .22 LR pistol or revolver.

Just time for a quick note, heading out of town, but this EMP nightmare while it will hopefully never happen, is not as improbable as one might think.

As was explained to us, due to the issue of cascading power failures (remember the HUGE blackout which started with one downed line) a single EMP weapon launched from a barge in the Gulf of Mexico could take out 1/3 of the entire grid on the East Coast which would likely cascade to a total failure. There are 300 large transformers which are critical to our national grid. They are only made in two Countries (Germany and another, forgot) and take over a year to build. If they go, we're hosed. Even the destruction of the electronic flow controllers to the transformers - much less robust than the transformers - are destroyed, the transformers go.

Note the intense interest in short/medium range missiles of N. Korea, Iran, etc. Many think this is due to their well stated interest in an EMP device. The Chinese Military has addressed this as well. Three missiles launched from three freighters would wipe the whole grid out.

In addition, there was a large, natural EMP event in the 1850 (or thereabouts). One could see the aurora borealis at the equator and read a paper at midnight in London by the lights. It was called the Carrington event (or something like that). Telegraph wires fried, the shacks burned, etc. Turns out that this occurs about every hundred years. We're over due. The EMP from such an event is less energetic than from high energy EMP weapon, but could have much the same effects.

You never know. The quake that we got today was the worst ever in the area.

My only point is to be prepared.

I would really check out the Nitro Pak site - or any similar site. Such sites are one-stop shopping for all manner of disaster preparedness (heirloom long term storage seeds included, to address seed issues from other posts).

Lastly, as to gold, food, whatever. If you've got it and are not armed and someone else has none but has an AR-15 they'll soon have your stuff. Not doom and gloom (well, perhaps a little) but just reality.

Prepare for the worst, hope for the best.

:-)

Buy Gold U.S. Coins NOW !

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