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Does anyone besides Glenn Beck actually own gold?

Teacher

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Originally Posted by HORNS
I have an uncle who keeps money buried in his back yard. He also used to keep his money in an empty ice cream container in his deep freeze. He can't comprehend the concept of FDIC.

The FDIC? It's probably secretly run by all them Jews!
 

Bhowie

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Originally Posted by Teacher
The FDIC? It's probably secretly run by all them Jews!

It's no secret
 

BDC2823

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Originally Posted by edmorel
Maybe Benzito does not have a local numismatics. I am not making any calls on gold but if you want to invest in it and be liquid, I would go with an ETF or with buying a contract. The thought of lugging pounds of gold somewhere is not to appealing nor does it strike me as efficient. Now if Benzito is buying for the upcoming apocalypse, I once again stress that gold will be irrelevant.

Well how much gold are we talking about here? I was just under the impression of a few ounces, not a huge stockpile or anything. Plus you want to keep the daily transaction below $10k anyway which is less than 10 ounces. So it's really not like you'd be lugging around some massive quantity of gold unless you are a big timer who for some reason decided to put a big chuck of his income into it and either buys or sells it all at once.
 

dtmt

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Originally Posted by edmorel
I don't understand how you go from "zombie apocalypse is coming!!!" to stocking up on gold. Will the zombies take gold as a payment for your life? If the zombies are looking to acquire currency, why wouldn't they take debit cards, how much gold are they going to be able to carry around? Nothing has an inherent "value", we place the value on it. If the zombie apocalypse comes, things like food/ammo/shelter will probably be a hell of a lot more useful and valuable than gold. The only thing I would suggest stocking up on is *****. As iammatt has said before, ***** always has value.

Yeah, but the depreciation is a *****.
 

edmorel

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Originally Posted by BDC2823
Well how much gold are we talking about here? I was just under the impression of a few ounces, not a huge stockpile or anything. Plus you want to keep the daily transaction below $10k anyway which is less than 10 ounces. So it's really not like you'd be lugging around some massive quantity of gold unless you are a big timer who for some reason decided to put a big chuck of his income into it and either buys or sells it all at once.

everything I do is big timer. I don't get out of bed for anything less than 10k.

Originally Posted by dtmt
Yeah, but the depreciation is a *****.

Tiger Woods put a floor on the price of ugly *****. 5-10k a month I believe.
 

thewallychamp

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Originally Posted by r...
Firstly, its Scrooge McDuck and when it comes to swimming in gold coins, he's where I learned my backstroke.

Secondly, as Glenn already said in his paid sponsorship for GoldLine "Go check out GoldLine. Give them a call. Then pray on it."

Thirdstly, I think the government prohibits individual citizens from actually stockpiling gold. Not that its going to do you any good in the coming zombie apocalypse. Everyone knows the the currency of choice will be chocolate, booze, and young boys.


you have inside info from Umbrella Corp's Belgium division don't you?
 

lawyerdad

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Originally Posted by unjung
From what I can tell, if you can predict ups and downs, you can do a lot better with derivatives.
If you can predict ups and downs, you can make money in anything: gold, derivatives, real estate, cow ****, Star Trek memorabilia, you name it. But that's a big if.

Originally Posted by edmorel
The thought of lugging pounds of gold somewhere is not to appealing nor does it strike me as efficient.

That's why you create your zombie slave army, dummy! Real big timers don't carry stuff themselves.
 

trader

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when everybody and their moms are talking about gold its time to sell
when you see commercials on tv that will buy your used gold its time to sell

that is all
 

rnoldh

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Originally Posted by trader
when everybody and their moms are talking about gold its time to sell
when you see commercials on tv that will buy your used gold its time to sell

that is all


You are right.

This baby:

Kilohandcard-2.jpg


is gone!


Also, there are 2 brothers in Dallas that fooled around with precious metals a few years ago ( the 1970s ). One brother is alive and the other is dead.

They would have been the richest men in the world till the government changed some rules and Fu...ked them.
 

Milhouse

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Originally Posted by HORNS
I have an uncle who keeps money buried in his back yard. He also used to keep his money in an empty ice cream container in his deep freeze. He can't comprehend the concept of FDIC.

yeah, uh. . . wow, what crazy ideas. . . yeah who would keep money in their yard! crazy. . .
 

nystyle86

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My family has those Russian Imperial Nicholas gold coins from 1800s and other more serious gold stash; some was passed down for generations.
 

tor

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Originally Posted by edmorel
I don't understand how you go from "zombie apocalypse is coming!!!" to stocking up on gold. Will the zombies take gold as a payment for your life? If the zombies are looking to acquire currency, why wouldn't they take debit cards, how much gold are they going to be able to carry around? Nothing has an inherent "value", we place the value on it. If the zombie apocalypse comes, things like food/ammo/shelter will probably be a hell of a lot more useful and valuable than gold. The only thing I would suggest stocking up on is *****. As iammatt has said before, ***** always has value.

Obviously if the werewolf epidemic comes with the zombie apocalypse, silver will be at a premium.


I remember seeing someone on here who had a picture of one of their gold bars...
 

imageWIS

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Originally Posted by JohnGalt
Gold can fluctuate but there is a relatively limited supply - as opposed to dollars that can be printed at will. You are technically correct in stating that gold would not hold intrinsic value; however, when looking at the course of human history it has always held value. When considering it in the context of a store of value (http://en.wikipedia.org/wiki/Store_of_value) gold is more reliable than a dollar.

Lead can be turned into gold.
 

BDC2823

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Originally Posted by rnoldh
Also, there are 2 brothers in Dallas that fooled around with precious metals a few years ago ( the 1970s ). One brother is alive and the other is dead.

They would have been the richest men in the world till the government changed some rules and Fu...ked them.


It was silver....and it was the Hunt brothers.

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
 

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