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Best Gold Coin To Collect To Actually Buy Stuff

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tkbslc's Avatar
United States
1158 Posts
 Posted 01/14/2015  11:07 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply
I would stock canned goods if you are planning for the government to collapse. Maybe Soap and toilet paper will be the new gold? Canadian and Mexican money so you can sneak across the border?

Seriously, though, even tiny gold coins the size of a dime are worth over $100. You'd be better off stacking some silver. Many people go with heavily wornsilver U.S. coins because the thought is that the coin is recognizable enough that the question over silver content should not be an issue and worn ones sell for near silver melt value.


Pillar of the Community
United States
1450 Posts
 Posted 01/14/2015  12:22 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
Thanks for the many fine alternatives and thoughts on this issue. I am not really talking about end of world but perhaps hyperinflation where a paper dollar is worth a penny like in Germany after WWI. I see and agree with most the points even the ones that seem to contradict each other. Why do people buy gold? It does not make interest for you and you have to pay to store it usually.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 01/14/2015  1:20 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
I would say canned sardines, those things have a shelf life for eons.
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Libertad's Avatar
Canada
3692 Posts
 Posted 01/14/2015  7:40 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Why would you hack saw a coin when bolt cutters do just fine? It's gold! You lose the filings, then you're going to melt it back together, you'll lose propane and oxygen doing that when you can use that for heating your food. Seriously I'd be more concerned if my refridgerator went offline than if people stopped accepting debit, credit, and paper.

If you're looking for a coin for that purpose, get the coin of your "realm" or country. USA, go for eagles. Canada, get maple leave. Et cetera. Gold is gold but a good bullion coin should be easy to recognize.

One also has to look at what type of purchase will be made. On a daily basis you may lose many ounces due to chiselers taking advantage of a bad situation (like selling water on hot days). Get a 10 ounce bar (silver) and buy your food in bulk - but I'll bet you your grocery store employees have no idea how to transact in this fashion on the whim and how to tell a fake, nevermind the amount of trust you put in into your grocer if you even know their first name.

Groszy, I like how you think. We're so tamed by the whims of the Western marketplaces and how they set the prices and the establishments set the taxes, most people don't even know how to haggle or that it's even an option.
Edited by Libertad
01/14/2015 7:48 pm
Valued Member
BluegrassRiver's Avatar
United States
324 Posts
 Posted 02/05/2015  06:35 am  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
Naw, for everyday transactions you'll need silver dimes and quarters. Those big 1 oz pieces are too big a monetary unit for many normal transactions. I remember during a gas crisis the signs in front of the gas station saying he would take silver dimes.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/05/2015  08:25 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
For long storage life: tinned sardines?
How 'bout a Mc Donalds meal?

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Two desert islands.
The distance to swim between them is too far through shark infested waters.
On one island there is a ton of gold bullion and no food, on the other is a ton of well preserved food, but no gold.
Choose.
Would you share your food or gold with anybody else, or go it alone?
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