Gold

disneyjoe7
disneyjoe7 Posts: 11,435
edited May 2009 in The Clubhouse
Anyone in gold, buying it? If so what are you buying, and why if you don't mind stating.

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  • ahorvitz
    ahorvitz Posts: 235
    edited May 2009
    I hold some gold - GLD (ETF) - and I'm continuing to buy. It's my hedge against inflation.
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    Nothing hard?

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
    WMC Win7 32bit HD DVR


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  • ben62670
    ben62670 Posts: 15,969
    edited May 2009
    I would invest in ammunition, nonperishable foods, and antibiotics with a long shelf life.
    Ben
    Please. Please contact me a ben62670 @ yahoo.com. Make sure to include who you are, and you are from Polk so I don't delete your email. Also I am now physically unable to work on any projects. If you need help let these guys know. There are many people who will help if you let them know where you are.
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  • wizzy
    wizzy Posts: 867
    edited May 2009
    Let's not forget the simple things. In a holy **** situation simple basics like salt and ground coffee can be worth their weight in gold.
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    Surprised no one's in gold?

    Just ammo, can food, meds, coffee, and salt...

    I must be thinking way ahead. ;)

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
    WMC Win7 32bit HD DVR


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  • cnh
    cnh Posts: 13,284
    edited May 2009
    Wizzy's got a good point above. I do have some gold not much...but that market is a bit fickle it's been mostly hovering high 800s/low 900s for a really long time. That means if you bought while it was still less than 400 you're, pardon my French, Golden. And if you've bought recently your MONEY is going nowhere FAST.

    Oh well.

    cnh
    Currently orbiting Bowie's Blackstar.!

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  • ben62670
    ben62670 Posts: 15,969
    edited May 2009
    Seeds. Add seeds to the list.
    Please. Please contact me a ben62670 @ yahoo.com. Make sure to include who you are, and you are from Polk so I don't delete your email. Also I am now physically unable to work on any projects. If you need help let these guys know. There are many people who will help if you let them know where you are.
    Thanks
    Ben
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  • jflail2
    jflail2 Posts: 2,868
    edited May 2009
    Ammo, ammo and more ammo. Anything else you need is easily attainable :)

    Or bargain with the neighbors. "Keep me fed and I keep you alive."
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  • zingo
    zingo Posts: 11,258
    edited May 2009
    Don't forget the solar cells so you can still power your audio equipment. :D
    Jake
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  • ahorvitz
    ahorvitz Posts: 235
    edited May 2009
    disneyjoe7 wrote: »
    Nothing hard?

    Nah, I'm not THAT worried.
    Main Rig
    Pioneer Elite SC-05, Rotel RMB-1075
    RT800i, CS400i, RT35i, FXi50, Klipsch RSW-12
    Pioneer Elite DV F-07, PS3, Wii
    Monster HTS 3500 MKII
    SC Analog 2, BJC Speaker Wire
    Samsung HL61A650

    2nd Rig
    Pioneer Elite VSX-56txi, Pioneer Elite DV-47a
    Cambridge Soundworks, MC150 (Center), MC100 x 4, Mirage LF-150

    Office
    Adcom GTP-400, Adcom GFA-535II, (need a quality CDP), RT55i
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  • muncybob
    muncybob Posts: 3,032
    edited May 2009
    A lot of talk about gold makes sense if you are buying real gold(can actually put your hands on it) since the thinking is paper currency may be worthless at some point in time but precious metals will always have value. Stocks based on gold(or silver, etc) are still currency based and will be as worthless as paper money.... if you are of the belief that our dollar is being trashed...which of course, it is!
    Yep, my name really is Bob.
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  • ben62670
    ben62670 Posts: 15,969
    edited May 2009
    muncybob wrote: »
    A lot of talk about gold makes sense if you are buying real gold(can actually put your hands on it) since the thinking is paper currency may be worthless at some point in time but precious metals will always have value. Stocks based on gold(or silver, etc) are still currency based and will be as worthless as paper money.... if you are of the belief that our dollar is being trashed...which of course, it is!

    Yep.
    Please. Please contact me a ben62670 @ yahoo.com. Make sure to include who you are, and you are from Polk so I don't delete your email. Also I am now physically unable to work on any projects. If you need help let these guys know. There are many people who will help if you let them know where you are.
    Thanks
    Ben
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    Yes, I thinking about gold coins, but confused what to buy. I also thinking about silver coins.

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
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  • dkg999
    dkg999 Posts: 5,647
    edited May 2009
    You need a dealer you trust, unless you are going to become an expert in precious metal analysis. Then you need that dealer to give you a break on the market price, selling to you at somewhere between wholesale and market. There's lots of high quality gold coming into the US from Latin/South America and Russia, and most of it didn't get here the correct way. Coins are OK, just keep an eye on the purity and what you are paying for the value of the coin vs the gold.

    And if we have a true SHTF scenario, you'll need lots of ammo to defend your gold or to get to it. Myself, I think at least 30,000 rounds of ammo is a minimum.
    DKG999
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    "30,000 rounds of ammo is a minimum", holy **** that serious.

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
    WMC Win7 32bit HD DVR


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  • dkg999
    dkg999 Posts: 5,647
    edited May 2009
    Pass the Lord and Praise the Ammunition!
    DKG999
    HT System: LSi9, LSiCx2, LSiFX, LSi7, SVS 20-39 PC+, B&K 507.s2 AVR, B&K Ref 125.2, Tripplite LCR-2400, Cambridge 650BD, Signal Cable PC/SC, BJC IC, Samsung 55" LED

    Music System: Magnepan 1.6QR, SVS SB12+, ARC pre, Parasound HCA1500 vertically bi-amped, Jolida CDP, Pro-Ject RM5.1SE TT, Pro-Ject TubeBox SE phono pre, SBT, PS Audio DLIII DAC
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  • shadowofnight
    shadowofnight Posts: 2,735
    edited May 2009
    disneyjoe7 wrote: »
    "30,000 rounds of ammo is a minimum", holy **** that serious.


    Not really, not when you have multiple firearms and love to shoot ....then thats " Damn , I am getting low " :D

    Luckily, I saw the writing on the wall and bought enough reloading components for 50K rounds before the mad rush ...so I can keep shooting now while others are in panic mode paying as much as 4x for some components IF they can find them ( Primers...needed to go bang...are basically nonexistent in the open market right now...you can only find them on craigslist and auction sites for 70 to 80...even 100 dollars for 1K when they used to be 20 to 40 per 1K :eek: )

    As for Gold....its so damn pretty ( Heavy ) in physical form sitting in your hand ....my father got me into buying gold coins. He has a HUGE coin collection, but for some reason coins never did anything for me as a hobby...it was just the ones he had made out of gold that I liked.

    They have some coins that are worth more for their coinage collector appeal then just their gold weight...as well as others that are basically just worth slightly over their weight in gold and really nothing more.

    I would say for you Steve to just grab 1 or 2 ( Or whatever you are comfortable with spending ) of the bullion coins that are just a small premium over their gold weight value to start with...say a couple of 1oz Krugerrands.
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    shadowofnight wrote: »
    I would say for you Steve to just grab 1 or 2 ( Or whatever you are comfortable with spending ) of the bullion coins that are just a small premium over their gold weight value to start with...say a couple of 1oz Krugerrands.


    Krugerrands is what I'm thinking about, but I know about American eagle coins also. Not sure if there is an advantage one over the other.

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
    WMC Win7 32bit HD DVR


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  • John30_30
    John30_30 Posts: 1,024
    edited May 2009
    Heck just go to work for a jeweler. Walk it out of the house like this gal.

    http://www.msnbc.msn.com/id/30508459/
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  • shadowofnight
    shadowofnight Posts: 2,735
    edited May 2009
    disneyjoe7 wrote: »
    Krugerrands is what I'm thinking about, but I know about American eagle coins also. Not sure if there is an advantage one over the other.


    There are a lot of really nice gold coins out there right now, the Krugerrands would be good for a straight up gold purchase and not worry about what the actual coin entity is worth...its still 1oz gold :) The American Eagles/Buffalo's/etc would be better for their coin value ( Especially if purchased as proof sets ) .

    I like em all for different reasons, I kick myself in the **** for selling a couple of 1oz canadian maple leafs a while back ( I only like 1oz coins unless they are part of a full set...then the smaller ones are ok ).

    The American Buffalo's are really detailed and look fantastic close up....I just cracked open the vault and snapped a couple pictures....one of the golds closest friends wanted in on the picture too :D Funny thing...in todays market the friend is worth as much as the gold is :eek:



    As dkg999 said so well......
    dkg999 wrote: »
    Pass the Lord and Praise the Ammunition!
    The first rule of Fight Club is you don't talk about Fight Club
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  • disneyjoe7
    disneyjoe7 Posts: 11,435
    edited May 2009
    Nice, just sorry since I'm a newbie with a pistol I'm really short of ammo. Anyone going to sell me some 38 special ammo?

    Speakers
    Carver Amazing Fronts
    CS400i Center
    RT800i's Rears
    Sub Paradigm Servo 15

    Electronics
    Conrad Johnson PV-5 pre-amp
    Parasound Halo A23
    Pioneer 84TXSi AVR
    Pioneer 79Avi DVD
    Sony CX400 CD changer
    Panasonic 42-PX60U Plasma
    WMC Win7 32bit HD DVR


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  • dpowell
    dpowell Posts: 3,067
    edited May 2009
    I have no guns or ammo. Would like to but don't know what to get that is practial.
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