Sell Your Gold, It's Not Backed By Anything

I think the USA would be one of the last "dominoes" to fall. Our Navy is larger than the next 17 countries combined largest Navies size. We invest a large amount of our GDP yearly to maintain military superiority.

This was an entertaining discussion to read.

A lot of good points.

I'm glad we have members with opposing points of view from the masses. Makes for less static conversations.

When Obomber was elected, gun sales jumped 40-400%, and ppl were walking into wholesalers trying to buy entire multi-skid shipments of ammo, carrel-on-the-bashhead.

Recently, some bloggers/columnists have speculated that lots of gun dealers will be badmouthing Barry, but secretly voting for him, because he's so good for their business. A re-election would probably be bigger than the original election, because ppl who bother to look see what he's willing to do.

Corrections noted.

It is interesting that you bring up the rush to purchase guns and ammo after Obama's election. It ties in well with the current bull market for gold because both are based on fear. People assumed that Obama and the Democratic Congress would push through gun control measures so they rushed to buy guns and ammo. Of course, that didn't happen. Even after a mass shooting that wounded a congresswoman there has been no push for gun control. Gun dealers need Obama to be elected again to keep the fear going and sales up.

My mother was one of those caught up in the hysteria. She ran out and purchased a semi-auto handgun and stocked up on ammo. She paid significant premiums for both. After 3 years of nothing she has realized she was duped by her local gun dealer. Of course that binge of buying cuts both ways. She bought 10 years worth of ammo in 1 year so that dealer won't be seeing her for a while.

Likewise, if the economy improves and the fear of economic collapse dissipates, gold prices will plummet. It will be the 1980's all over again.

Agreed. This is exactly what we saw in Zimbabwe, once their currency imploded. They were using US dollars and Euros as their "hard currency". Not that gold and silver would have been refused. It's just likely that they did not have any of that to use for barter.



If anyone did pay with gold, say a 1/10th oz. coin, would you give them change in silver?



So, that probably means Canadian dollars for the northern tier of US states and Pesos for the Southwest states. The rest will likely use whatever they can, including gold and silver plus any trade goods they can lay hands their on.



Well, that has been the pattern for human business dealings for a VERY long time and will likely continue to be in a SHTF scenario.



Nothing wrong with that. Everyone should know how to defend themselves competently. My question would be, "Did she spend ANY time learning to shoot this pistol quickly and accurately?". It is central to gun ownership that the owner be ready, willing, and able to use deadly force in a life or death situation. My wife, for example, is a decent, if not great shot with a pistol. But I have doubts about whether or not she could actually shoot someone who needed shooting. I have already resolved that issue and, if threatened with danger to life and limb, will not hesitate to shoot.

As an investment, guns are reasonably decent. The guns that I bought back in the 1980s are still in excellent condition and it would cost me at least double what I paid for them to replace them today. Unlike cars, guns are fairly simple machines that do not cost a lot more due to substantial technical improvements.



If kept cool and dry, most commercial ammo will last for decades. Military ammo will often last longer than that because they tend to seal the bullet to case and primer to case joints with shellac. Shellac is an excellent moisture barrier that helps preserve both the primer and the powder for a very long time.

5. In war, there are no winners, only survivors.

I hate to see people take advantage of others fears.

You either run or fight, flight or fight is the response. I prefer to pull the trigger. I think the old saying goes: better to be trialed by 12 peers, than to be be carried by 6.

My Uncle double tapped two punks outside of Lubbock, Texas that were robbing the 7-11 while he was in to get his morning coffee. Both of the assailants were armed, one with a .380 and the other with a .38. He dropped the guy with the .38 in a quick double tap to center mass.

Mr. .380 got off several rounds in Juniors direction. Junior had dropped to the floor and his first return shot was low gut, second was through the top of the head.

Junior placed his firearm back in the holster and waited for the police to arrive. While waiting he had placed a phone call to his attorney and left a message on the answering machine. However, there was no need, the officers reviewed the tapes from store, and took the clerk's statement. Then called the Chief and DA and Junior was off to work.

The irony of the story, he was reprimanded at work for being 10 minutes late and causing the train to be delayed.


My opinion of handguns, is they are a tool to allow you to get to bigger gun. I doubt many handgun fights to the death occur past 10 yards.

I have not had to fire much in an unprepared situation. I have never had to kill anyone with my side arm. I am thankful that my engagements, on the battlefields of assorted 3rd world dumps, were usual well planned. Some were off the cuff and one or two hip shots, but most were so over planned that any monkey could have been on the trigger and made the shot.