Hello. I understand the serious financial crisis we are in, but my parents don't seem to get it. Therefore, they will not let me buy gold using their credit card (of course i would pay them) on the internet. Is there any way to get around this? Also, I know of no local coin dealers.
Gold investment
- Thread starter JRuc33
- Start date
Maybe you can buy silver. It is cheaper. If you buy an American Silver Eagle it is ~$18.00 now. Spot for silver is roughly ~$16.00.
There is also index shares labeled GLD and IAU that are gold based.
Don't look at buying Silver or Gold as investment. Those kind of things are only an investment as Commodities Contracts.
Gold and Silver are a hedge. They preserve the value of your capital. You can use Gold to buy roughly the same goods today as they would yesterday or tomorrow.
The value of the dollar is going down, you can't rely on it if the FED keeps devaluing the dollar.
Think buying gold and Silver as Insurance, not something to increase your wealth.
I hope this helps.
There is also index shares labeled GLD and IAU that are gold based.
Don't look at buying Silver or Gold as investment. Those kind of things are only an investment as Commodities Contracts.
Gold and Silver are a hedge. They preserve the value of your capital. You can use Gold to buy roughly the same goods today as they would yesterday or tomorrow.
The value of the dollar is going down, you can't rely on it if the FED keeps devaluing the dollar.
Think buying gold and Silver as Insurance, not something to increase your wealth.
I hope this helps.
Last edited:
Fox McCloud
Member
- Joined
- Oct 27, 2007
- Messages
- 4,726
I wish....there was a particular Congressman (forget his name) that made a HUGE insane stink about this years ago.
he walked into a bank and demanded gold for his money. Of course, the bank refuse because the gold standard was abolished at that time. Still, he continued because of some factor (maybe because he thought it was unconstitutional? who knows). Anyway, to make a long story short, he bitched and complained so much the bank gave him what he wanted.
This won't happen in today's world.
You'll have to do it via a gold or silver dealer.
I recommend Steve Quayle www.stevequayle.com he's very reputable and has been in the business for years. Yeah, I know he's a "conspiracy theorist", but he knows what's going on economically, and even has an economist on his show every Friday night. He also doesn't keep records of his customers. At first, this sounds odd, but he's explained it time and time again; if the government ever goes into "take all the gold/silver" mode and starts using the Patriot Act to get records from gold dealers (so they know who does and doesn't have gold/silver), you'll be protected.
I personally recommend investing in silver; it has medicinal values (yes, you heard me), and its worth hasn't caught up with gold yet (I'm not saying the values will be equal, but the ratio isn't what it was). Gold will be good, but right now, silver will get you a little more bang for your buck.
as dspectre pointed out (thank you; you worded it a lot better than me), gold/silver isn't a good idea for trying to make a buck...just keep it as a hedge. It will always have the same relative purchasing power, and it could be used as a currency, in the event there is a total collapse of the economy and the dollar.
That said, don't blow all your money on silver/gold. I'd recommend investing in food/water (freeze dried food...I personally recommend "The Freeze Dry Guy"), and camping/survivalist gear (never know what you'll be up against).
Even then, it's good to have cash on hand; only the globalist elites have any idea when a crash is coming...it could be tomorrow (unlikely), or it could be 10 years from now (very unlikely).
liberty_Forever
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- Dec 27, 2007
- Messages
- 1,300
No , they do not usually have them at the bank. . .
You may be able to buy a prepaid credit card at Walgreens or CVS and use that to purchase bullion online. If not, feel free to PM me, I can send you some charts and research you can use to convince your folks.
All Americans should have at least 5% of their wealth in gold.
You may be able to buy a prepaid credit card at Walgreens or CVS and use that to purchase bullion online. If not, feel free to PM me, I can send you some charts and research you can use to convince your folks.
All Americans should have at least 5% of their wealth in gold.
How? Banks haven't actually carried little pieces of gold for a long time. Did they have someone run to a jewelry store?
Kingfisher
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- Nov 19, 2007
- Messages
- 1,119
Check this site out for prices. ..http://www.coloradogold.com/
