No category on GBO yet, but I'll ask anyway..

[ironglow]

  It is about investments..No  thread here, but a lot of folks with common sense
       
     When "Jimmie" Carter took office, I had enough savings in the bank to buy an extra home..then added a little. When he left office, with the 20% inflation rate; I had barely enough for a down payment on the same home.
   When all this "Obamania" spending takes hold and they start churning the presses at the mint..any money such as savings, CD or other saving plan...will be shredded to very little of it's original value and I have a bit of savings cash that I don't want to see shrink out of sight!
     I considered talking to my "financial adviser" but I know he would advise stocks or bonds, which I am not confident with. I am thinking gold..and I mean gold in my hands. Still, I am somewhat open to other devices to retain value..
 
   Which gold buy is best for dollar-for-dollar value, fungability and tangible holding ?  Discussion? Experience ?

  << BTW: DON'T CALL OR WRITE WITH OFFERS..I WON'T BE CONSIDERING ANY FROM THIS VENUE. >>

[ncsurveyor]

I'm certainly no financial genius, but what's always concerned me about gold is that unless there is a market, what's it really worth?

One can only make their desert queen so many pairs of earrings before looking at another commodity to waste time on.

Gold was always the universal currency so to speak, but when times get really tough, food, fuel, and land were always more redeemable.  As far as the land goes, that's not a lock either.

[slim rem 7]

 a year ago now you could have bought many cases of .380 an 38 ammo .. you would be setting,good now..i bought a little rifle ammo an i ll tell you,, its beat inflation as to my moneys value..but i wouldn t sell it
because a bullet don t change value as to final worth.. its worth what the shooter makes it worth jmo slim

[mechanic]

If you buy gold, better buy collectible coins, not bullion.  In 1933 the government confiscated all the gold with the exception of "antique" coins.  Had they wanted to, they could have collected them as well.  If posessing gold is made illegal, it will have little value.

I recommend buying food.  If our economy totally crashes, and it is most likely going to, that will be the most valuable commodity.  (I'm only half kidding).

Truely, the only valuable asset is one that you can see and touch, (like land), as long as you don't have to sell it in a hurry. 

[ironglow]

I had considered land..but then there are the taxes. I live in the "People's Republik of New York" so taxes are higher than most, plus i already have a home and some hunting acreage I'm paying taxes on.
  Then too, the state of NY, once called "the Empire State" is, because of it's high taxes & "user fees" now called "the Vampire State"..and people are fleeing the joint.
  Food m,ight be good, but I can't store that much..how about the means of food production & processing? One would start to think Archer-Daniels-Midland, Kraft, Hormel or corporate farms..but then, we have an an administration in DC that may just find a way to make these corporations go bust...and hand over the assets to the fruit pickers and/or unions..

[LONGTOM]

If you have not done so already then the best place to put your money is in your own home in the form of paying it off.
Then any money you make after is yours to do as you wish, besides you will save a bunch on the instrest on the home loan by paying it off early.

If the home and land are paid for start a small auto parts store that caters to the older cars & trucks.
Most places won't stock parts for autos past 10 years old.
With the cost of newer cars & trucks more & more people are fixing up their older ones.
Maybe even a auto salvage yard.



LONGTOM

[ironglow]

Longtom;
  Home has been paid of long ago. I'm a stickler that way, like to pay off ahead of time on everything. The only monthly payment I have is about 6 months left on a new car I bought in mid 2007 and I'm doing 2 months at a time on that.
  I make money on my credit card..It provides "points" for usage. I did pay $1.37 in interest one time, but for the rest of the years I have given the "points" to my kids. Son has gotten things such as a reciprocating saw and his wife has flown to California a couple times..gotta be careful now though, the big "O" in Washington is jiggering with the credit card system..he may want we who pay our bills ahead to help pay off those who don't pay well.
          Funny, but a year ago, I would have said such a thing "can't happen" !

[ironglow]

  Obviously, under the new management in Washington DC, stocks & bonds are "not worth a bucket of warm spit" (John Nance Garner).
  Just ask those who own GM or Chrysler stocks..  Most of their value will be given to the government or unions (samo/samo).
   The Neo-Facists are on the march !

[crustaceous]

edit

[Heather]

I bumped a previous thread about this if you would like to see more members opinions.

Heather

[ironglow]

 OK..let's see it Heather..thanks

[ncsurveyor]

this one

click this --->Gold as an investment

[ironglow]

  Thanks NC;
  Looks like the picture is still murky..except that dopllars will soon be worth much, much less.
  Guess IF I were to go for gold or silver, it would need be in coins..more fungible(smaller amounts) and less likely to be confiscated.