$2509.65 All Time High Gold Price As Of Friday August 16th, 2024 - Page 2

To participate in the forum you must log in or register.

Author	Replies: 21 / Views: 1,894	Page: of 2

Brandmeister Pillar of the Community United States 6473 Posts	Posted 08/18/2024 8:05 pm If you are genuinely worried about a SHTF scenario, then your insurance policy should be fungible skills and self-sufficient farmland, and your preferred investment metals should be steel, brass, and lead. The Great Depression didn't have full fiat currency. The current banking system might be $10T, but our present National Debt is multiple tens of trillions. Another $10T on the imaginary pile isn't going to break the world. Frankly, if a meltdown happened and people switched to gold, silver, Bitcoin, whatever, then the government could simply nationalize those assets. The best rule I heard for investment gains is that when you double an asset, take half off the table and invest that in a balancing asset. So if a stock doubles, liquidate half the position and buy bonds. If a commodity doubles, buy equities or bonds with the gains. And so forth. Otherwise you have temporary lopsided paper gains which you eventually lose in market shifts. Report this Post to the Staff
thq Pillar of the Community United States 3343 Posts	Posted 08/18/2024 9:46 pm CoinHunter if SHTF no one will be collecting coins anymore, but I'll still have my coins to enjoy. It's a hobby not an investment. Banks don't mess with Canadian half ounce bullion coins anyway. My stacking is on a hobbyist scale too. On the whole I'd rather have a rare Liberty Head Eagle than a Canadian slug, and I'll pay a premium for rare. They liquidate just as easily, though not as easily as a CD. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire Edited by thq 08/18/2024 9:53 pm Report this Post to the Staff
jbuck Moderator United States 187862 Posts	Posted 08/19/2024 09:57 am Quote: ...your insurance policy should be fungible skills and self-sufficient farmland, and your preferred investment metals should be steel, brass, and lead. Quote: ...no one will be collecting coins anymore, but I'll still have my coins to enjoy. It's a hobby not an investment. My top two comments in this topic. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36678 Posts	Posted 09/15/2024 12:25 pm $2600 gold is going to seem very cheap when the currency reset happens. Gold will have to be revalued to a much higher price to back all the currency required. The BRICS nations (3/4 of the world's population) are forcing it to happen. Report this Post to the Staff
glenmorenee Valued Member United States 311 Posts	Posted 09/16/2024 12:30 am This gold/dollar reset is the fondest hope of gold bugs but it can never happen. Some calculation that there is X amount of dollar debt, and Y amount of gold so gold should instantly be reset to $X/Y per ounce. This can never happen because no one can defend some arbitrarily set price of gold, and take on all buyer and sellers 24/7. Report this Post to the Staff
jbuck Moderator United States 187862 Posts	Posted 09/16/2024 09:54 am Yeah, I am not holing my breath. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
	Replies: 21 / Views: 1,894	Page: of 2

First Page Last 15 Replies

To participate in the forum you must log in or register.

All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.