Originally posted by hero_25
reply to post by sbctinfantry
Thanks for your reply. I actually agree with mostly everything you wrote in your 'last post'. It is important to cover your basics first (food production, water collection/storage, etc.).
But let me ask you... who do you think actually "owns gold" in this Country? You do realize that less then 1% of the population in the United States actually owns gold don't you? So really, this thread should be titled "If you don't have your basic's covered, then Don't Buy Gold! It's a trap". For those of us fortunate enough to be apart of the 1% who actually OWNS GOLD... why would you tell us to sell it? Since your thread clearly states "Sell your Gold NOW!" you are clearly talking "specifically" to the people who are like me and NOT to the 99% of the population who doesn't even own any Gold.
I do realize that, I also realize there are the rich, the megarich, and those who are more wealthy than we could comprehend.
If you are on this website, I would gather that you are not the megarich, much less the unfathomably rich. I could be wrong, but I'll wager I'm not.
If you have all your bases covered, it is still not a good idea to buy gold. Buying generators, and AWG's and storing them would be a far better option. Gold is a finite resource, once you've spent it to buy something it is gone. Get renewable. Use your noggin and realize that if you can produce water and food, you can buy the things you need with that. If you have to invest in something, get into Land and Energy or Water.
Am I saying that collapse is imminent, or even in the forseeable future? No. I'm saying that many here on ATS believe it is, and I would hate to see them wasting their wealth on a finite resource when they could create an industry. If you're going to prepare for doomsday, you should at least do it intelligently. Besides, if it never comes, you're left with a sack of metal that might or might not be worth something. If you buy (and I'm really just using this as an example even though I'm beating it to death) AWG's, you can create enough water to bring your bills down to almost zero (because who wants to fill a bathtub when you can just turn on the tap?). You could do the same with solar (which is what you've said), but why not invest in more solar to bring your bills to near zero? How about investing in some land and growing your own food or raising animals like chickens or cattle (depending on the size of your land). Invest in some good dogs, like huskies, and teach them to pull weight or a good hunting dog.
There is the old saying : Gold is the money of kings. Silver is the money of gentlemen, barter is the money of the poor. Debt is the money of slaves.
That doesn't mean that you can't buy gold, or you can't be in debt. However, if you have debt over your head, it's not very smart to buy gold (and yes, there are members here who have bought gold and do live with their mothers). It's not very smart to do anything except get out of debt. Once you do that, invest in something that will grant returns for your effort. You've just moved into the poor bracket, and use barter as money in times of crisis. If you feel like a gentleman later, you can get into silver later on, but use caution.
It is far greater to create something than to hoard it.
