#1 Gold08-13-2010, 07:47 PM
I suspect that there are at least a few members here that have in investment in this precious metal (hello fellow libertarians or libertarianesques). I hold a relatively small amount (several ounces) at an average cost of around $900/oz. I have mainly invested in a small amount of gold as a hedge against apocalyptic economic melt down; you know, pocket money.
Given the disaster that Bam Bam has doubled down on and the bleak outlook, I have considered acquiring more, but the reality is that this government has confiscated gold before (FDR) and essentially screwed a trusting nation of gold owners. I may just be paranoid, but I would not be surprised if history repeated itself. It might be for different reasons, but still.
Thoughts?"The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
08-13-2010, 07:52 PM
08-13-2010, 07:56 PM
Gold is never worth zero........so they say. But like pork bellies, it goes up and it goes down. After all, it's just another commodity. Don't bother with gold coins 'cause you're paying for somebody else's art work too. Mining stocks are a better bet.
Four boxes keep us free: the soap box, the ballot box, the jury box, and the cartridge box.
THIS POST WILL BE MONITORED BY THE NSA
08-13-2010, 07:59 PM
Executive Order 6102. It's been done, Rock.
08-13-2010, 08:03 PM
08-13-2010, 08:13 PM
- Join Date
- May 2008
Check out Kitco's commentators such as Howard Ruff. They offer a world of infomration.
The mint is making a shit pot of money making selling gold coins so I do not foresee them killing that golden goose anytime soon. When gold hits $3,000, it might be time to sell.
Starting in 2012, all retail transactions over $600 will require the retailer to file a 1099 form with the IRS. No shit. The purchase of a $700 TV will be reportable; big brother is watching you. This will be an enormous burden on retailers selling coins. At the present time, sales of any amount over $10k are reportable unless you are selling Eagle coins. Looks like that will be thrown out the window.
Last edited by lacarnut; 08-13-2010 at 08:27 PM.
08-13-2010, 08:50 PM
Ain't we got fun? :mad:
08-13-2010, 09:23 PM
- Join Date
- Apr 2009
I think if the SHTF that bullets would end up being a better investment.
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