My fellow Canadians...

[U4EA]

I've never really understood the fascination with gold.

Aside from industrial and electronic usage, there's nothing super useful you can do with gold. People buy it for investment and aesthetic purposes, but it's an utterly useless substance in and of itself. If whatever doomsday scenario is playing itself out, what are you going to do with gold? Trade it? Who in their right mind would trade something useful for gold at first. Maybe later once the situation has stabilized, you might use it as currency in lieu of bartering.

You can't eat gold. You can't drink it. You can't power a combustion engine with it. What you actually want to save up is useful stuff; barrels of petroleum, preserved food tins, jugs of fresh water. Fertilizer and seeds. Weapons and ammunition. Bottlecaps. Stuff that might actually help you survive. At least that's what I'm storing in my bunker.

[DTS]

Here I am thinking that if you had the money to splurge on fucking gold bars (I would guess at least several tens of thousands of dollars per bar, if not more?) you could probably also afford a safe and the delivery thereof. Obviously some criminal fuck could break into your house and make you open the safe at gunpoint but then some criminal fuck could break into your house and make you do anything at gunpoint so it's a moot point. Furthermore, unless you advertise your owning a safe on billboards posted around town, my guess is it will be fairly safe. (get it?)

Actually you can get gold bars in a wide variety of sizes, even smaller than a credit card. Safes come in a lot of sizes aswell, there are some pretty small ones. I just don't want to get one that is the wrong size for what I am going to end up storing.
The larger the individual bars you buy, the lower the price per gram, of course. Also goes for the number of bars you buy; if you buy several at once in one size, the price is a bit lower per bar.

[Tsakali]

would any of it matter? Guns ammo,and actual food resources is all that will matter at that point. I guess this is a question of how far down the shithole you're looking at. Are we talking post system apocalypse or at the brink of it?

[mrd]

I've never really understood the fascination with gold.

Aside from industrial and electronic usage, there's nothing super useful you can do with gold. People buy it for investment and aesthetic purposes, but it's an utterly useless substance in and of itself. If whatever doomsday scenario is playing itself out, what are you going to do with gold? Trade it? Who in their right mind would trade something useful for gold at first. Maybe later once the situation has stabilized, you might use it as currency in lieu of bartering.

You can't eat gold. You can't drink it. You can't power a combustion engine with it. What you actually want to save up is useful stuff; barrels of petroleum, preserved food tins, jugs of fresh water. Fertilizer and seeds. Weapons and ammunition. Bottlecaps. Stuff that might actually help you survive. At least that's what I'm storing in my bunker.

Aye, certainly. I think collecting gold is among the dumbest shit humans do. I can't remember if it was a comedian or what, but they said something along the lines of: "if aliens ever invade us, they're going to think we're the dumbest fucks in the universe. Here we are boring giant holes into the earth, segregating precious metals, melting them down into pure bars, then loading them onto pallets and trucking them back into the earth in sealed safes where no one can ever see or use them."

Gold would become useful at a later point in time, but certainly at the outset, practical shit would be far better.

@Tsakali, I was thinking post-system apocalypse type scenario. You know, Real Bad Shit (TM)

[DTS]

I'm trying to make money here, not survive an apocalypse...

[mrd]

Then do something productive and don't fuel the farce that is investing.

[DTS]

A moment ago you were telling me to buy gold and put it in a safe, now you are saying to not do that, produce something with the money instead? It doesn't seem enough money to produce anything with. I am interested in gold cause it is holding its value while inflation continues to rise. What can I produce with the money instead that can compete with that?

[GONNAFISTYA]

I'm trying to make money here, not survive an apocalypse...

lol

Anything that Glenn Beck thinks is a good idea probably isn't.

[mrd]

A moment ago you were telling me to buy gold and put it in a safe, now you are saying to not do that, produce something with the money instead? It doesn't seem enough money to produce anything with. I am interested in gold cause it is holding its value while inflation continues to rise. What can I produce with the money instead that can compete with that?

I was more elaborating and playing into your existing notions, that buying/investing gold is a good idea. If you do feel it is a good idea, I think possessing physical bars is better than a slip of paper. That being said, I think in general buying gold to get rich (or even just to have) is stupid. Maybe one bar or something for novelty's sake if you can afford it. Half the reason this planet is so fucked is that so many people are engaged in activities that are not actually productive. Look at all the fucking cunts down on Wall St, spending their entire lives flinging around numbers and fucking people over. How the fuck is that productive? Compare their lives to someone who does back-breaking physical labour that literally and directly benefits others. People are lazy fucking cunts and most will take a shitty fuckhead office job any day over something that actually requires you to expend physical energy.

As for doing something productive, that's up to you to figure out. I don't know where you live, what your interests are or how much money you have to play with. I'm sure you can come up with something more interesting than giving all your money to a bunch of suits, ya?

[GONNAFISTYA]

I am interested in gold cause it is holding its value while inflation continues to rise.

Gold prices have nothing to do with inflation. Inflation is localized while gold is a commodity.

Besides...gold doesn't hold its value forever. It lost half its value in 5 years in the 1980s and only stayed above $450 after the Iraq war started. I know it's almost impossible to consider these days, but if we go 10 years without a major war you're gonna be wanting to dump your gold faster than a greased shit sandwich coming out of your ass hole.

[mrd]

Nassim Nicolas Taleb's book "The Black Swan" is relevant here.

http://en.wikipedia.org/wiki/The_Black_ ... eb_book%29

[GONNAFISTYA]

Related comedy
http://www.brisbanetimes.com.au/travel/ ... 243nt.html

"Ice cream truck just sped past house. Sir, I have no need for your refreshing pseudo-milk product treats. Goodbye," said Kikki Planet in another Twitter message.

first post slaughtered

[Whiskey 7]

Thought I find a graph of gold prices over 20 years



Edit: forgot to credit source

[GONNAFISTYA]

I'll see your 20 and raise you 159 years.

Funny enough...the trajectory doesn't change much when you go back further. After 2005 I'd say that gold is a bubble waiting to burst, so to speak.

[Tsakali]

i'd like to see a superposition of inflation data, just for keeping it real.

[Whiskey 7]

Went looking for my own interest (pun) in gold prices


source

Lots of stuff on the net but another graphic for gold over 200 years

[lvlshot]http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Gold%20LT%20USD.gif[/lvlshot]
source

Some one spoke re bars earlier and I stumbled here, a wiki on bars

[Eraser]

I don't know, intruders can try to force you to open a safe, you need more security; a safe is not the be-all and end-all of security.

No, but thats what you Americans have machineguns for, no?

[seremtan]

uh, actually, if you'd bought a shitload of gold about 10 years ago, you'd have been laughing all the way to the bank right about now - the bank that you would probably own, having bought it with the enormous profits you made

http://goldprice.org/

(graph at top left, select 'all data')

also: http://www.wolframalpha.com/input/?i=pr ... +1950-2012

[axbaby]

The time to get into gold has passed I think and yet I am told it will hit $3000 an ounce.
I would buy a drum of oil before I bought some gold.

Buy stock in a country that has the. rare earth minerals cell phones use that China is controlling the price and stockpiling. all from Africa

Buy however has the next gen minerals for electric car batteries.

me@now
http://www.stockhouse.com/Bullboards/Sy ... WDG&t=LIST