Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Varche]

It is maybe the wrong time to be buying your gold now(assuming you actually have any disposable income) however looking at the world situation everyone ought to have some gold as insurance.

The current debt crisis that the Western world is mired in is totally unsustainable. When the bubble bursts as it will (countries and organistations cannot keep on writing debt, buying debt without collateral) then the gold reserves will be called into play. There is a strong rumour that some countries do not actually have the gold locked away in safes that they say they have. Germany is one such country. Britain hasn't  got that much as Mcruin sold half of it  off at something like a 100 year low price.

The one country that may do well out of the collapse is India. They wisely have about 18,000 tons of the stuff.

[tigers_gonads]

Remind me to thank gordon mc ruin when I see him for selling 1/3 of our national gold reserves to buy euro's 

[Varche]

http://www.zerohedge.com/news/2012-10-22/german-court-demands-bundesbank-audit-sovereign-gold-holdings

[Chimpchoker]

better to be a prepper and buy silver from Gurnsey mint.

[Turk]

I read somewhere that if every ounce of gold ever mined was melted into one lump, it would still fit in the space at the base of the Eiffel Tower.

[Rods2]

And if you do buy any gold make sure you physically have it in a safe deposit box, not as a piece of paper from a bank, as they may well have lent it out or used it as collateral against some dubious lending as some American investors have found to their cost. 

[twiglet]

And if you do buy any gold make sure you physically have it in a safe deposit box, not as a piece of paper from a bank, as they may well have lent it out or used it as collateral against some dubious lending as some American investors have found to their cost. 

Or keep it on the back seat of your Yugo... Die Hard With Avengence...