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Asante
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Buy ONE gold coin and hold onto it for an utterly amazing reason! 1
#27482764 - 09/26/21 12:45 PM (2 years, 3 months ago) |
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Buy one gold coin and hold onto it for an utterly amazing reason!

Its not impossible that your dollar, your euro or pound or yen, will experience a period of several weeks where that currency loses almost all its value.
This is called Hyperinflation.
We all know that hyperinflation makes for insane banknotes:

Lets take the US as an example, but its a global trend in developed nations.
Debts are rising higher and higher, faster and faster, until they reach the point of unsustainability.
At such a point, it is very convenient if the numbers on your dollars get bigger because..
You are trillions of DOLLARS in debt, so if dollars come in trillion dollar bills, simplified, the US can pay off its debt in inflated, near worthless, mickey mouse dollars.
But, two can play that game.
If the 100 dollar bill becomes a 100.000 dollar bill, what that means is that all your dollar possessions are woorth only one-thousandth of what they are worth now.
But, two can play that game.
If you have ONE gold coin of 100 bucks, when that happens it immediately rises to become a coin worth $100,000.
So, you quickly sell the $100(.000) coin and turn right around and pay off your entire tuition debt, or whatever debt you incurred.
You got food in your house for contingency, so you don't have to buy sh#t and can stay indoors in the civil unrest, you got your ass covered, and your debt that you thought would last decades more, has vaporized.
Its a gamble whether this will happen, but in the past 50 years gold on average rose 8% a year, so you can afford to wait it out with your 1/10 gold eagle, or whatnot, it won't be that suddenly nobody wants gold anymore.
This is a lottery ticket guaranteed to pay you a modest profit, but maybe the jackpot.
Buy the ticket, take the ride.

About $222 retail, that coin. Add three zeroes and your debt that you are on the books for is toast.
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animalsfyv
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante] 1
#27482793 - 09/26/21 01:10 PM (2 years, 3 months ago) |
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I have most of my money in gold and silver. I don't trust the Federal Reserve bank to keep the stock market afloat forever. When the bubble bursts I will buy undervalued stocks. I am looking to invest in alternative energy. It is quite possible that we will no longer have a market economy after the bubble bursts.
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spirit_shadow
Feature not a bug



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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: animalsfyv]
#27482803 - 09/26/21 01:22 PM (2 years, 3 months ago) |
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Knowledge is greater than money. I can't eat money but with knowledge I can hunt and fish forever.
-------------------- ERROR 418 IM A TEAPOT.....(this account is automated, all posts related to illegal activities or advice thereof are strictly from numerous online sites and are for informational purposes only)- Circa 2011 Ban lotto
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Asante
Mage


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Posts: 86,794
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: animalsfyv]
#27482818 - 09/26/21 01:40 PM (2 years, 3 months ago) |
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Quote:
animalsfyv said: When the bubble bursts
Indeed, When, not IF.
The signs are on the wall that the old system is becoming unsustainable fast.
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animalsfyv
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante]
#27482834 - 09/26/21 01:52 PM (2 years, 3 months ago) |
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I think petroleum is going to out like a dinosaur.
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Asante
Mage


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Posts: 86,794
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: animalsfyv]
#27482840 - 09/26/21 01:57 PM (2 years, 3 months ago) |
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we passed peak oil roughly in 2012, its not a coincidence that everything basically went to sh*t after that.
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TrancedOutBrah
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante] 1
#27482845 - 09/26/21 02:07 PM (2 years, 3 months ago) |
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Will gold always hold value though if society breaks down?
Gold doesn't seem infinitely useful if currency isn't any good and society's having an economic collapse....
Now an assault rife and tons of boxes of ammo... yeah, that's worth a shit ton.
-------------------- Lead by example, words mean little when your actions don't reflect what you say. Spread kindness, love, empathy, compassion. Learn from mistakes. Try and do better. Each day is a new day, try to make it a better one. Coconut and Avocado is awesome for the skin. MIND OVER MATTER

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animalsfyv
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: TrancedOutBrah]
#27482863 - 09/26/21 02:23 PM (2 years, 3 months ago) |
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Guns and ammunition hold their value during inflation. I'm going to be a gangster rapper until the thing busts. A shot of whiskey was originally how much whiskey you could get for one bullet!
Edited by animalsfyv (09/26/21 02:49 PM)
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Shiithead
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: animalsfyv]
#27482897 - 09/26/21 02:51 PM (2 years, 3 months ago) |
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Best to hold silver, nickles, cigs, and seeds for trading.
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Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. Psalm 12:6 The words of the Lord are pure words: as silver tried in a furnace of earth, purified seven times. Hebrews 11:3 Through faith we understand that the worlds were framed by the word of God, so that things which are seen were not made of things which do appear. Revelation 3:11 Behold, I come quickly: hold that fast which thou hast, that no man take thy crown.
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Asante
Mage


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Posts: 86,794
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: TrancedOutBrah]
#27482900 - 09/26/21 02:52 PM (2 years, 3 months ago) |
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Quote:
TrancedOutBrah said: Will gold always hold value though if society breaks down?
Gold doesn't seem infinitely useful if currency isn't any good and society's having an economic collapse....
Now an assault rife and tons of boxes of ammo... yeah, that's worth a shit ton.
Society is too lucerative to collapse for long, they quickly slap together an new racket and we all proceed falling for that.
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animalsfyv
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante]
#27482904 - 09/26/21 02:58 PM (2 years, 3 months ago) |
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This one is different. There is too much robot work now. We need to go to a 100% clean grid with our energy. Plant trees and use hemp to reclaim wasteland.
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TrancedOutBrah
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante]
#27482906 - 09/26/21 02:59 PM (2 years, 3 months ago) |
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How can society remain stable if there is no economic stability?
The only thing holding society together is the fact we can go to the store, buy shit and get what we need.
If cash is worthless, what can employers offer? They certainly won't be offering us payment in gold to work in the USA.
-------------------- Lead by example, words mean little when your actions don't reflect what you say. Spread kindness, love, empathy, compassion. Learn from mistakes. Try and do better. Each day is a new day, try to make it a better one. Coconut and Avocado is awesome for the skin. MIND OVER MATTER

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animalsfyv
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: TrancedOutBrah]
#27482909 - 09/26/21 03:03 PM (2 years, 3 months ago) |
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In countries with hyperinflation you run out and buy gold or something before your money becomes worthless. The Federal Reserve bank holds 1/3 of all US mortgages now. They started buying all the crap when the market went illiquid during coronavirus. Illiquid just means no one wanted to buy the garbage. 4/5 of all securities are traded by artificial intelligence. It doesn't understand what's going on.
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psi
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! [Re: Asante]
#27482917 - 09/26/21 03:12 PM (2 years, 3 months ago) |
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I have a gold half-sovereign from something like 1903, pretty cool little coin. Makes me think of whatever James Bond movie it was that he had a briefcase with some gold sovereigns hidden it somewhere. I used to have a 1/10 gold maple but I sold it.
At current prices I wouldn't buy any more gold or silver, though they make me wish I had bought more when they were cheaper. Rhenium looks quite undervalued among platinum group metals. Wish I had bought some palladium back when I was thinking the same thing about that.
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Asante
Mage


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Posts: 86,794
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! (moved) [Re: Asante]
#27484711 - 09/28/21 04:43 AM (2 years, 3 months ago) |
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This thread was moved from The Pub.
Reason: A nice topic for Money Matters our financial district that has earned many shroomerites some easy bucks already, hopefully more in-depth discussion will ensue!
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Loaded Shaman
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! (moved) [Re: Asante] 2
#27485884 - 09/29/21 12:31 AM (2 years, 3 months ago) |
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I buy at least 3oz of silver bars or coins per week.
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  "Real knowledge is to know the extent of one’s ignorance." — Confucius
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trees


Registered: 02/08/09
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Re: Buy ONE gold coin and hold onto it for an utterly amazing reason! (moved) [Re: Loaded Shaman]
#27486180 - 09/29/21 09:40 AM (2 years, 3 months ago) |
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What if you could own and HODL Ivory along side gold and silver. I wonder what it would be trading at today
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