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unless of course you are buying scrap gold at stupidly low prices from people who really need the money.
Originally posted by HereIsTheInfo
Gold is the absolute worst survival product you can buy.
If you are really paranoid, you would want a nuclear bunker, storable food, water, solar panels etc.
If you are not that paranoid, and want a protection against inflation, you might consider gold.
But realize that it hasn't gone up as much as you'd think. Compared to real inflation, gold is actually way down from 1980s levels.
Now, if you still want to buy gold, definitely do not buy it from Alex Jones / Midas Resources. The company has been caught in up scandals, such as this:
Originally posted by St Udio
buy gold on-line................Ha Ha Ha
you gotta be kidding, any purveyor of gold in the form of coinage or bullion must need to be verified as a legit provider that can be able to give you the 'gold' to physically possess.
any source, including ETFs...can 'say' they will deliver actual 100% gold coins/bullion...but the proof is
something you will have to trust --- > unless you are purchasing gold coin/ingot/bullion in a physical exchange but even in that transaction one should have the gold product confirmed or assayed (at a fee - to you)
and that additional cost should be figured in when re-selling that valuable coin/ingot/bullion....
(considering that absolutely none of the certification entities are above reproach... consider ALL the
rating Agencies that gave AAA ratings to the Trillion$ of CDOs/ MBSs/ and like trash spawned from the
subprime and mortgage paper frauds..)
as for gold coins --- buy Canadian... or perhaps Malaysian or the Gulf States coinage that has as little as 4 grams of gold per coin... all these may be speculation also because no-one knows if anyone in the USA will be willing to trade or exchange those gold coins for product/food/gas/smokes/ etc in America or the EU
bottom line... i have only bought & held Gold mining companies as my way of holding gold assets ...
keep well in your questedit on 27-11-2010 by St Udio because: (no reason given)