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<p>[QUOTE="Good Cents, post: 3347885, member: 100720"]Yes, I realized that I made a BIG mistake buying fractional ounces of gold and I absolutely wont make that mistake again. Even though gold has gone up since my mistake, it hasn't gone up enough for me to even sell at a "reasonable loss".</p><p><br /></p><p>In terms of Armageddon, who knows what we will need as a currency. I do believe Gold will help with immediate needs to get one out of the country, buy stuff, etc, but I think 1 oz pieces will suffice for that purpose. </p><p><br /></p><p>Something will have to suffice as a currency for a LONG TERM day to day currency on the street, but I'm not so sure tiny pieces of gold will do it. I don't think there is enough of it to work as a day to day LONG TERM currency. But whatever it will be, gold 1 oz pieces (coins & bars) will suffice to buy whatever it is that becomes the currency.</p><p><br /></p><p>There is something to be said for the idea of food, water, guns and ammunition being the only thing that will be worth anything - but I think that's longer term, when supplies are more scarce, not necessarily immediately, when I plan to get out of there and when hopefully gold will pay my way. This is based on my theory where I don't think the whole entire planet will face Armageddon all at once, even if half or 3/4 of the planet does. If the whole planet does, then I likely wont survive and hope that others do survive so that the human race can go on (even though the human race is not the nicest one around, and there are too many jerks among us, but I know some really good people and hope those are the kinds who survive, because if it's a human race of jerks, who needs it? And how's that for a run-on sentence?! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie101" alt=":woot:" unselectable="on" unselectable="on" />)[/QUOTE]</p><p><br /></p>
[QUOTE="Good Cents, post: 3347885, member: 100720"]Yes, I realized that I made a BIG mistake buying fractional ounces of gold and I absolutely wont make that mistake again. Even though gold has gone up since my mistake, it hasn't gone up enough for me to even sell at a "reasonable loss". In terms of Armageddon, who knows what we will need as a currency. I do believe Gold will help with immediate needs to get one out of the country, buy stuff, etc, but I think 1 oz pieces will suffice for that purpose. Something will have to suffice as a currency for a LONG TERM day to day currency on the street, but I'm not so sure tiny pieces of gold will do it. I don't think there is enough of it to work as a day to day LONG TERM currency. But whatever it will be, gold 1 oz pieces (coins & bars) will suffice to buy whatever it is that becomes the currency. There is something to be said for the idea of food, water, guns and ammunition being the only thing that will be worth anything - but I think that's longer term, when supplies are more scarce, not necessarily immediately, when I plan to get out of there and when hopefully gold will pay my way. This is based on my theory where I don't think the whole entire planet will face Armageddon all at once, even if half or 3/4 of the planet does. If the whole planet does, then I likely wont survive and hope that others do survive so that the human race can go on (even though the human race is not the nicest one around, and there are too many jerks among us, but I know some really good people and hope those are the kinds who survive, because if it's a human race of jerks, who needs it? And how's that for a run-on sentence?! :woot:)[/QUOTE]
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