Hi all, I'm new to this gold thing and i've been reading this topic http://forums.silverstackers.com/topic-4981-what-is-gold-really-worth.html and I have question to ask. Say the gold price is worth a truckload and hyper inflation is happening everywhere. If you trade that gold with money, it would be useless anyway right ? Coz it would cost few thousand bucks already just to buy a bread right ? So the only thing worth trading your gold is with property, right ? Trading your gold with money will just go in circle. Since the currency is based on fiat system. So we as gold holder, hoping that house prices will crash and when that time come, we can buy them with our gold ? Thank you guys
Potentially. Get your hands on a copy of Mike Maloney's book - it explains the cycles pretty well (which include holding gold with a view for acquiring property): http://forums.silverstackers.com/to...sting-in-gold-and-silver-michael-maloney.html
Well , with a tag of Hellrage, we would not like to upset you with tardiness. Welcome & enjoy the forum.
Gold and Silver IS money. Always was. I don't doubt in the right conditions, you can trade it directly for whatever you want. When the fit truly hits the shan on fiat, this is what can happen (and in this case, DID happen) http://www.youtube.com/watch?v=7ubJp6rmUYM
Thanxs i will LOL u guys are pretty cool considering talking heavy economical stuff I was wondering if you guys heard any further news regarding JP Morgan after the silver manipulation thingy ? Has he gone bankrupt yet ?
Not yet. Read more here : http://agaupm.com/2-billion-enough-to-bust-comex-silver-dealers-in-mar-2011/
Well according to the banks.... they dont see gold as a viable option as collateral for purchasing property. Go figure
you signing your life away for 25yrs is gold to the banks maybe they would use it as collateral but than you would have to leave it in their safe, since if they leave the bars with you and it is on their balance sheets as collateral, you could than sell it and spend the money on aengrods investment vehicle ;p
I have thought several times about trading silver for an AR-15 otherwise Im stacking to buy a house one day when I have a wife who can hide my income
Yep. No reason you couldn't drop your bullion into the marketplace to raise the cash for a property purchase either as you need it, or a few months in advance of when you start looking to purchase. As long as you're not in hyperflation, or worried about bank stability, you don't *have* to swap bullion for property. Just use bullion to get into a position to acquire property. If gold goes nuts and is $5k an ounce or higher, it's because there's buyers - don't be worried about not being able to sell at those prices.
Unfortunately, beer only has a shelf life of 3 months. I know you can keep it longer, but it really does start going off at 3 months. I used to work with a chemist, who previously worked at Carlton and United Brewery. He used to tell me all the secrets, such as all their differing beer brands came from the same vat!
Historically Gold and Property have opposite trend, when Gold goes up, property market goes down and vice versa. Because Gold and Property market thrive in opposite economic climate. Gold thrive when there is political and economical uncertainty... whereas Property thrive on political and economical stability.
The good old global economy! Did a lot of work on BBQ's for a few years and you would be surprised to learn that essentially all the BBQ's in the world, with very few exceptions, come out of 4 factories in China and Taiwan. Just branded with differing trade names.
Depends on the beer... the CUB guys are quite talented at producing the same crap flawlessly batch to batch
Lets look at Gold vs Real Estate for collateral... $10million worth of real estate would take sometimes 6months + to turn into cash.... $10million worth of gold would take a week max to turn into cash... If i was lending out money i know which 1 i would take..