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Tracking the next pandemic: Avian Flu Talk

am i the only one investing in gold?
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blacksole7 View Drop Down
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    Posted: March 02 2006 at 4:55am

i started buying gold and silver here and there for about a year now.

 

lots of junk silver coins. (1 bag)

tons of morgan silver dollars

and lots of gold coins.

when this bf starts to hit this country, i was thinking of going to the bank and taking all my money out and put it in precious metals.

 

my reasoning is, if this thing gets really bad, i rather have money in hand as opposed to having it confiscated.

what are your thoughts?

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 02 2006 at 5:00am

That you cannot eat gold or plant it in the ground.....

Look at the worse case scenario...you will not only be broke you will have nothing...my money has been invested in seeds and soil..remember you cannot eat gold..and what if those bank doors are not open....

There was a write-up on the world bank and the economy if avian flu hits..and they have said there will be no money..paper money will be worthless....and your gold well you would have to trade it to survive and first you have to survive...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 02 2006 at 5:00am

Ditto on the bank withdrawal.... no on the gold, for me anyway.

My money went into preps, no money to spec on.  You can't eat gold and I am not totally convinced that gold will hold its value given the likely downturn in the world economies.

I have seen many reference buying gold though.  And it's likely to be a safer bet than the stock market, but ya can't eat it or ward of BF with it so I passed.
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blacksole7 View Drop Down
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i guess i forgot to mention i have my preps done already and whatever my family needs will be there i hope..

i have read stories that if the bf gets really bad or there is a terrorist attack, homeland security WILL confiscate any funds and even empty safe deposit boxes and only return important papers.

if i have my preps taken care of, should i not prepare financially? after all, it's just sitting in the bank anyway.

 
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mightymouse View Drop Down
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The time to buy gold was when it was bouncing around  $280 some time ago.  Yes the price will skyrocket - but you will have to time the  peak to benefit the most.  The peak may be short - as it was last time it went to $800.  Panic - sharp rise - Panic over - sharp fall.  (very hard to do - as most always want more - and wait too long - and get caught on the downside or wallow at the bottom licking thier wounds and shedding inner tears)  The age-old advice of buy low and sell high is not so easy as one would think.  There are many 'gold clad' coins available on the market and therefore expect your coins to 'get clipped' when you try to cash them in to anyone but a dealer.  Also you should buy smaller denominations such as 1/10 oz. coins as they will be easier to trade off.  A little more expensive upfront but could be worth more on the tail end due to ease of use.  Cash (dollar bills) will rule in the beginning - but could eventually be worthless.  I forsee a whole new economy where one will not be able to buy or sell without TMOTB.  LOL!!!!!!!!!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 02 2006 at 5:51am
Originally posted by blacksole7 blacksole7 wrote:

i started buying gold and silver here and there
for about a year now.
lots of junk silver coins. (1 bag)
tons of morgan silver dollars
and lots of gold coins.
when this bf starts to hit this country, i was thinking of going to the bank
and taking all my money out and put it in precious metals.


my reasoning is, if this thing gets really bad, i rather have money in hand
as opposed to having it confiscated.
]what are your thoughts?

 




My first rule of investing is to preserve my captial by
spreading the risk.


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 02 2006 at 7:52am
I still have 401k and don't plan on taking it out.  I would think if things got that bad spam and tobacco would be worth more than gold.
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Mississipp Mama View Drop Down
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  Hi Black Sole7.  Years ago I used to buy gold and silver coins.  I still have a few.  My preps are 98% done.  I would like to buy some small gold coins, silver coins and a bag of silver.  Do you have a place you recommed?  By the way what is the price of gold and silver today?  I would rather have my money in small gold and silver coins held by me than have it in the bank.  I will have some cash on me also. but don't want to leave any thing in the bank.  If all of these curriencies become worthless I would still rather have my worthless stuff with me tha at the bank.  You can PM me if you like
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Corn View Drop Down
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Buy lead and copper. Preferrably  hollow point and buck shot. They are about the only metals going to be worth a damn. With your gold you will probably have to trade a whole bar to get a  good box  of shells. That is if you  can find any sellers.

As for the rest of us poor people. Jewelery will work fine.
Speculation is the only tool we have with a threat that can circle the globe in 30 days. Test results&news is slow.Factor in human conditions,politics, money&bingo!The truth!Facts come after the fact.
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mightymouse View Drop Down
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For precious metal quotes:

http://www.monex.com/monex/controller?pageid=prices

I agree with Corn.  Invest in lead first.  Then gold.
Nothing matters - Therefore everything matters
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http://www.resourceinvestor.com/pebble.asp?relid=17593
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 03 2006 at 11:27am
Originally posted by blacksole7 blacksole7 wrote:

i started buying gold and silver here and there
for about a year now.

lots of junk silver coins. (1 bag)
tons of morgan silver dollars
and lots of gold coins.
when this bf starts to hit this country, i was thinking of going to the
bank and taking all my money out and put it in precious metals.


my reasoning is, if this thing gets really bad, i rather have money in
hand as opposed to having it confiscated.

what are your thoughts?



Don't you have any concerns about the position of the
200-day moving average?
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virusil View Drop Down
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i do most of the money is changed into useful items,i got a lot of gold and silver.
ignorance.
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Sure2Survive View Drop Down
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Historically all the way back to Moses Gold and silver rule.  you should at bare minimum have 10% of your assets in precious metals.  During war or pandemic precious metals always come into play.  In times like these of course food and preps first but for sure gold and silver next.  Gold will buy you guns and food if you shop at my house during a pandemic!
Sucess requires eye's wide open
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 03 2006 at 1:59pm
T.P and H2O will be more valuable than Au or Ag. I'm glad you got the PB out and Prepped. I've saved more than a few Cu's. and I'm going to Fe out any remaining problems. Get enough Ca and Na in your diet. I'm going for a ride on my Ti framed bike. If I get more O2 I'm sure the jokes will be better.
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Great post, Doug!  Are you a chemist, or what?

 

 
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Plans are nothing; planning is everything.
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cisne View Drop Down
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I found a list of things that they ran out of really quickly in Sarajevo - I'm investing in those. 
In a hundred years, we will all be bald.
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blacksole7 View Drop Down
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Originally posted by Mississipp Mama Mississipp Mama wrote:

  Hi Black Sole7.  Years ago I used to buy gold and silver coins.  I still have a few.  My preps are 98% done.  I would like to buy some small gold coins, silver coins and a bag of silver.  Do you have a place you recommed?  By the way what is the price of gold and silver today?  I would rather have my money in small gold and silver coins held by me than have it in the bank.  I will have some cash on me also. but don't want to leave any thing in the bank.  If all of these curriencies become worthless I would still rather have my worthless stuff with me tha at the bank.  You can PM me if you like

if you have a nice sum of money, you can use this site. no one is cheaper then these guys and you can also buy bags of silver:

http://www.tulving.com

you can also start buying coins on ebay.

http://www.ebay.com

check metal prices:

http://www.kitco.com

i listen to info about current events and metals here. they have a daily radio show 3 times a day. they even have archieves. (just don't buy their coins. to expensive.)

http://www.goldline.com/market-news/radio-show.html

 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 04 2006 at 11:54am

What if you have extra rental property how would you protect your financial interests
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Originally posted by RBARNES55 RBARNES55 wrote:

What if you have extra rental property how would you protect your financial interests

Sell it while the market is still hot!!! Now!!!
Sucess requires eye's wide open
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: March 04 2006 at 2:27pm



Imagine owning a rental property with few people to rent to and the value of
your property has declined significantly. If you rent, its a different story.

Also imagine not having any insurance because the companies you depend
on are bankrupt. Even when they are financial sound, I understand that you
can have a tough time.
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