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#1 |
Avalon Senior Member
Join Date: Sep 2008
Location: North Carolina
Posts: 14
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Greetings to all:
I recently pulled all of my investments out of the stock market. It seems I waited too long as I've lost half of my investments. I want to order gold and silver from Kitco and heard that some of the gold that is being sold as ligitimate isn't and that even the seller doesn't realize it. I don't have that kind of money to spend on something that is faux. Do any of you have experience with Kitco or another site? I haven't been able to find any significant amounts locally. Most jewelers don't want to be bothered with it. Banks haven't been any help either. I do not want a piece of paper that is a certificate for the gold. I want the gold in hand. I would greatly appreciate any input; info that any of you may have. Thanks. Love and Peace as we move forward positively in the direction of our new world! |
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#2 |
Avalon Senior Member
Join Date: Sep 2008
Location: S.E. Saskatchewan
Posts: 136
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Hi, don't know about Kitco USA gold, but Kitco Canada gets a
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#3 |
Avalon Senior Member
Join Date: Sep 2008
Location: Montreal, Canada
Posts: 698
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Kitco is good, been around for a while. I've heard of the bad gold cloning, but not from Canadian mints. I think the Canadian gold is fine, but like it was mentioned, you can always get it tested (I've bought the Canadian gold coin and Euro 100 gram). You can get the new Olympic gold coin that just came out. When I pick it up, the Euro gold sometimes comes with a certificate.
Here's the site: https://online.kitco.com/bullion/completelist.html |
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#4 |
Avalon Senior Member
Join Date: Sep 2008
Location: Northern Michigan
Posts: 412
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I asked a broker the opther day who is very high up "When is the market going to crash??? He replied to me with this long email back " Soon!"
One of my buddies is a investment guy in Canada, he said the companies that mine gold may be a great investment as he has doubled his money in the last year. Just my 2 cents. |
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#5 |
In The Mists
Join Date: Sep 2008
Location: Toronto
Posts: 1,133
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If I were in your position, I'd put it in things which will stay at or increase in value. I'd buy heritage seeds and safely store them. I'd buy gold and silver, and find a safe place for them.
I'd buy a couple of dozen Berky water filters and lots of spare candles. I'd buy green house kits, solar power kits, windmill kits, various types of fuel, like camp stove fuel, kerosine, non perishable foods, fishing gear, hunting gear, tents, large water tanks, full of potable water, hand crank radios, etc. The necessities will never lose value. Money will, and I predict it will vanish altogether within a decade or two. So what people will give YOU in exchange for what you have to trade, I have no idea. But those types of things will keep their value. |
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#6 |
Avalon Senior Member
Join Date: Sep 2008
Location: S.E. Saskatchewan
Posts: 136
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George Ure's daily update on urbansurvival.com, today, June 8, mentions the Canadian Maple Leaf, and not the flag.
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#7 |
Avalon Senior Member
Join Date: Oct 2008
Location: Lunar Base II
Posts: 3,093
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Learn to read charts instead of newspapers. The markets can remain irrational...longer than you can remain solvent. That's all I'm gonna say.
Last edited by orthodoxymoron; 06-08-2009 at 08:37 PM. |
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#8 |
Avalon Senior Member
Join Date: Sep 2008
Location: Blackbutt, Queensland, Australia
Posts: 1,004
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I must be missing a point somewhere - what use is gold or silver going to be to you when you're on your own in a devastated environment?
How many times have you read of people who were lost or injured in an inhospitable country, who would have given their life savings for a glass of water or a hot meal? Okay so that's a cliche, but imagine yourself in that situation - a horde of gold or silver won't keep you warm, or feed you when you're starving to death, or save you from starving wild animals who would consider you a nice meal. Myplanet2 is on the right track. Invest in survival gear. You can always use it to go camping afterwards if the 'S' doesn't hit the fan. |
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#9 |
Project Avalon Moderator
Join Date: May 2009
Location: Queensland Australia
Posts: 507
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Wise words dear Brinty...you know my friend, and if the s***t hits the fan the bush is where im gonna be.
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#10 |
Avalon Senior Member
Join Date: Oct 2008
Location: Lunar Base II
Posts: 3,093
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How about a combination of disaster preparedness and financial planning? This is advisable...even if you're not paranoid..and even if the aliens aren't out to get us! But if the excrement hits the air conditioning...who knows what we will have to face? The ability to think clearly under pressure may be the best asset when things heat up.
Last edited by orthodoxymoron; 06-09-2009 at 03:24 AM. |
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#11 |
Avalon Senior Member
Join Date: Sep 2008
Location: Sydney, NSW, Australia
Posts: 2,280
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Cliff High's recent radio show was interesting. He said, soon we will be trading calories.
Gold/silver does have its place - once you have sorted out all your other preps. Go next door into the preparations forum for some good thoughts by many people on the kinds of things that would be "in scope" for this kind of approach. A.. |
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#12 |
Avalon Senior Member
Join Date: Sep 2008
Location: Florida, USA
Posts: 301
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*******
*** * Gold and Silver only have intrinsic value for uses in Electronics, Arts, and whatever else for UTILITY. You can't EAT the Gold. If it should come to pass, a nuclear exchange will make all electronics equipment suitable for use as Boat Anchors. Invest in thing that will have Intrinsic Value in the eyes of others with whom you might wish to trade. Hunting Equipment, Ammunition, Food, Survival gear, Solar Power generation equipment, &c would be at the top of my list. Use your own imagination, ask around = What HAS intrinsic Value to you, to your neighbors? ![]() ![]() Peace * *** ******* |
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#13 |
Avalon Senior Member
Join Date: Sep 2008
Location: Indiana
Posts: 653
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If I were to get super serious about this (and I'm not) I would get a storage building and fill it with small, durable, tradeable items such as: soap, toilet paper, bandages and medicinals, gloves, socks, rope, wire, aluminum foil (super handy for cooking over a fire), MREs, etc., etc. Use your imagination. Anything that would become very valuable and easily tradeable if the stores shelves were empty. You'll also have to secure and defend your cache.
Gold and silver will only work as an investment if your view of the future is that we will muddle through these economic problems with society pretty much intact and functioning, and at some point we will be back to business as usual so you can trade you metal back in for whatever the currency is at that point. If it all falls apart, all such bets are off. Also, you're betting that the government won't make special laws regarding gold and silver "horders" as it did during the first depression. With so many people pushing gold as an investment right now, I'm thinking that the trap has been set and will be sprung in the near future. |
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#14 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Australia
Posts: 2,570
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If you want to buy into something that will bring a solid return for your investment and put you on a path of real wealth; Invest in your health. Invest in your consciousness. Sorry that might annoy professional executive types but I think that is good advice. Your spirit is the only thing you can take with you and your health is the only thing you have of real value while you are still here. For purely material investment along the lines of what you are actually asking Ready2BPeaceful. Real estate - buy some elevated land far away from the ocean and any major cities, plant fruit trees and vegetables with organic seeds (use Anastasia's method). A 'Radiant Zone' safe place will be the most valuable thing. |
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#15 | |
Avalon Senior Member
Join Date: Oct 2008
Location: Poland
Posts: 3,442
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#16 |
Guest
Posts: n/a
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gold,cyanide,poison: Besides, ... just look up gold mining.
![]() SPIEGEL: How much waste is produced to extract enough gold for a wedding ring? Slack: That produces 20 tons of waste. SPIEGEL: Is this only loose rock that can be pushed somewhere, or is it poisonous waste?... http://www.spiegel.de/international/...542561,00.html Keith Slack, 37, is co- director of the No Dirty Gold initiative in Washington, D.C. It is comprised of the environmental protection organization Earthworks and the international humanitarian relief and development organization Oxfam, where Slack is employed as a mining expert. |
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#17 | |
Avalon Senior Member
Join Date: Sep 2008
Location: Blackbutt, Queensland, Australia
Posts: 1,004
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From the point of view of those who wish to purchase gold or silver as a bargaining tool, both of which have no other value, why not buy diamonds? At least they have a use besides engagement rings. For instance, a couple could write their names on the last pane of glass left in their shattered home so that in the next few thousand years, archeologists digging in the ruins could say, "Hey look, some people have scrawled a message on this piece of glass.It says, 'Mr and Mrs Joe Bloggs died here.' We must build a memorial to them" Just think - their names would go down permanently in future history. Which, in my view, is as much use as an ashtray on a motor bike. ![]() |
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#18 | |
Avalon Senior Member
Join Date: Oct 2008
Location: Poland
Posts: 3,442
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#19 |
Guest
Posts: n/a
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burgundia - Or just go with a ring that's biodegradable. Here's a guy on his way to propose!...
![]() I'm not sure what can replace gold coin. Maybe an understanding of how to make shoes. From tires! ![]() http://www.hollowtop.com/sandals.htm |
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#20 | |
Avalon Senior Member
Join Date: Sep 2008
Location: S.E. Saskatchewan
Posts: 136
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#21 | |
Avalon Senior Member
Join Date: Sep 2008
Location: North Carolina
Posts: 14
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Thank you much for your kind response to my question. I wasn't aware that Canadian metal was more pure than American so that's good to know. I have been on the kitco site just browsing but have never purchased anything. Thanks for the thumbs up. Love and Peace |
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#22 | |
Avalon Senior Member
Join Date: Sep 2008
Location: east side
Posts: 109
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Brinty, To say that you missed a point somewhere is an understatement. Try to remember in your responses not to assume anything because we all know what that does. I personally know ready2bpeaceful and she has over a year of food and supplies, actually she has the most comprehensive stock of intrinsically valuable (survival gear, food, etc) items of anyone I have known or heard of. She is a master planner. She was lucky enough to have acquired all that she needed for herself and for others in need and still had some money left over. Hence, the reason for this thread. What use is gold or silver going to be in a devastated environment you ask? How could you or anyone else possibly know until we get into that situation? Is it not one of the only commodities that remains valuable in times of economic turmoil? I could see it being used for trading up for other goods for one. Like Clif High says, there is surviving and there is surviving as comfortably as possible with good planning. Giving ones self the best opportunity for surviving comfortably should be paramount for all who know whats coming down the pipeline. Gold is just another facet of this jigsaw puzzle we are all trying to figure out. I submit to you that a horde of gold and silver might just do what you say it wont. If my neighbor has wood and is surviving comfortably and I have gold and silver and need wood, gold and silver might just save me and my family's life by providing warmth and the ability to cook. So do you have an answer to the original question? |
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#23 | |
Avalon Senior Member
Join Date: Sep 2008
Location: North Carolina
Posts: 14
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I appreciate your response and it is quite helpful. I wasn't aware that Canadian metal is more pure than American so I will definately keep that in mind. The new Olympic gold coin is a good suggestion. Also I would want a certificate for the items I purchase. Thanks for the link as well. You have responded to me before in other posts and you are always knowledgable and kind in your responses. Thank you for that as I believe that's part of what this forum is supposed to be about.....helping one another. Love and Peace |
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#24 | |
Avalon Senior Member
Join Date: Sep 2008
Location: North Carolina
Posts: 14
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Thank you very much for your two cents worth. I do appreciate it. Every bit of info one receives helps put the tiny pieces together....at least for me. Love and Peace |
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#25 |
Avalon Senior Member
Join Date: Sep 2008
Location: So. Cal. U.S.
Posts: 4,205
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Ready2BPeaceful have you thought about gold coins? Such as Krugerrands, Pandas, and such? I had a bunch of Panda 1 oz. coins that I sold to a big coin dealer in Florida and I got full gold weight price. Just an idea.
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