What To Do With Your Coins In Economic Meltdown???

yeah, I long ago put a good chunk of my savings into gold...not certs...real gold...from the time I bought them to now each once is worth about 400 USD more than I bought them for

 

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Maybe I should have used a bettr terminology. Gold and silver, while not being worthless as a metal elsewhere, in places where an economy has failed, has become so devalued as to be useless in amounts the average citizenry likely has access to. Argentina in 2001 is a prime example. Their monetary system went through a complete and utter crash. Gold and silver was bartered....at super inflated rates. Imagine a loaf of bread costing half an ounce of gold! This quickly depleted all the gold and silver reserves held, as it exited the country. Nigeria in the early 90's is another example. I'm not sure if gold at that point had any value at all, unless you could forge bullets from it.
Guy~

 

"Still feel safe with safety deposit boxes?" Hi, my thinking is that alot of positioning is going on leading up to the election. Investors want to see what kind of investing environment will be favorable to them after the election. Different presidential policies will decide which direction that they place their investing cash. I'm not happy with safe deposit boxes. This will sound absurb, but i actually lose coins out of mine. Why do i keep them? I don't have a better place. My guess is someone has found another set of keys, not sure. But i figure they must need the money awlful bad to risk their job. I called them to complain(thinking that others must be losing things also), i was told there are only two keys & i have them. Any chance that i'm wrong or crazy? No! A local town had stores that kept losing computer equipment, all the owners were told by the local policeman not to report them(It would give the town a bad image, which might hurt sales). A few years later some stolen computer equipment was found in the policeman's home. Don't have a false image of security for safe deposit boxes.

 

AUBU2, I wouldn't keep coins in a safe deposit box if you are having them stolen. You might as well have them at home, as it seems you've nothing to lose in the situation.
Gu~

 

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Now the politians yall elected are saying it's going to be harder to get a car loan, or credt, or a home loan. More scare tactics by the elite people.
When Obama, Mcain, and Bush all sound the same theres got to be something wrongo frendo.

So i guess its going back to the days when you needed 20% downpayment for a house. o wow ?
Now your going to need a downpayment on your new car, well good
who needs all this credit.
Dealerships like GM wnat a bailout too because they put people with so-so credit into tahoe's at $799 a month and those people arent paying aaah you think ? Greedy lenders know half of those deals were all bull
its going back to buying what you can really afford. Not what you can pay off in 20 yrs.
I love it.
I say let all come crumbling down.
It a correction people it's capitalisim it happens.
8 months top and we will be rolling again.
call you local congressional representive tonight and ask them to vote NO on this bailout~
anyone know why a wooden arrow manufacture is getting 12 million of my tax $ ??

what does that have to do with this bailout. Read the bailout if you can find it.
Its a bailout of the rich of the rich fools that mismanaged thier companies and got millions to take an early permanent vacation.

 

bumbski

bumb to the sky

 

You do what you can. Nobody knows what will happen, so hedge your bets. Don't drop everything into one investment. Buying gold seems to make a lot of sense now but a zing can fly out of nowhere and make it senseless.

Make gold and precious metals a part of a portfolio, not the entire portfolio, and you'll be better off (probably).

Who knows!?!!?

 

very well said the entire life style we have all enjoyed has been proped up by credit and its rediculous. This should really put things back into perspective and purhaps give things value so people are not out buying a new cell phone every 2nd month and buy new TV's and Ipod's.

 

No worry, when the system implodes, like any other government from Babylong, Greece, Rome till America, Great Brittain today, they go . . . they go. Gold and Silver have never been worth -$0-. Today we are comparing our Gold and Silver to the American $$$. Maybe our currency will be worthless, but the commodity you have will always be worth something even if it's in the next world powers' currency. Wouldn't you like to have gold coins from Babylon or Greece? Yes, ponder the thought!