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Gold or Sliver as investment

Discussion in 'Off Topic' started by Randini, Sep 26, 2009.

  1. Randini

    Randini Salem Member

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    I'am wondering how many of us buy Gold or Sliver as an investment or as a buying/bartering medium for a SHTF occurence, I mean bullion or coins and where do you buy if you do, I have Sliver and have just started buying more a little every now and then when the price seems ok. I've been buying at Tiptons here in Salem.
     
    Last edited: Sep 26, 2009
  2. Just Jim

    Just Jim Well-Known Member

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    Look back at the history of gold and silver since they allowed Americans to own it. Gold at one time got up to $800 and silver $40 an ounce or there abouts. Then it crashed and never came back for years. Even today you are spending inflated dollars for gold and silver, hope it works out better this time around.

    jj
     
  3. simpleguy

    simpleguy Clackamas Active Member

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    I have not purchased yet. I am going to do so shortly, little purchases of "junk" silver, US coins of no collector value, just at melt price.
     
  4. jordanvraptor

    jordanvraptor Oregon City, Oregon Well-Known Member

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    Gold and silver investing assumes the economy will continue to get worse. It might and in a long recession such as that endured by Japan in the 90's with little economic growth, it might be worth it. At some point you have to redeem it for Dollars or Euros or whatever. If it is an End of the world as we know it scenario then, you would be better off investing in learning how to live off the land with very few modern conveniences as any type of currency you can't eat or drink will have relatively little value.
     
  5. Blackfeather7

    Blackfeather7 Oregon Member

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    Gold if you are rich and have a lot of wealth to preserve. Silver (poor man's gold) if you are of modest means. Best place to buy from is apmex.com (ask for Mac) Worst place to buy Northwest Territorial Mint.
     
  6. ronin223

    ronin223 Portland Active Member

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    No. Always saw it as a walmart crowd investment i.e. investing for people who don't know anything about investing, money, etc.

    sorta like currency trading.
     
  7. simpleguy

    simpleguy Clackamas Active Member

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    This is very true. I don't expect the end of the world, but value having diversified my holdings, in both hard currency and knowledge. As for knowledge. I enjoy learning "the old ways". It fascinates how me how we have taken the old, simple, sustainable ways and complicated them and made them unsustainable and called them modern/advanced and better.........hmmmmmm.
     
  8. Orus

    Orus Salem Member

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    Thats where i buy mine, I bought 2 50 pesos Mexican gold centenarios when their value was around 800 fun stuff.
    :thumbup:
     
  9. ogre

    ogre Vancouver, WA Well-Known Member

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    The way I look at it, whether the the economy goes through the roof or tanks, gold and silver will alway be worth something. At one time I had a fair amount of silver. Family medical bills and the subsequent loss of income forced me to cash it in. I was happy to do so as it it helped us to get over some rough times.

    http://goldismoney.info/forums/ is a site that I have found very useful for information. I don't trust the Federal Reserve or their FRNs. If I were going to buy some PMs I would buy locally and pay in cash.
     
  10. HappyRoman

    HappyRoman Sherwood Forest Bronze Supporter Bronze Supporter

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    Gold is near an all time high.. Silver is nice too. Guns have always been a liquid trade. Would I like gold or silver, or a firearm..Humm I think a gun.. Only my .02c.sr