GOLD

At the begining of 2008, an ounce of Gold bought

- 56,55 ounces of silver
- 0,56 ounce of platin
- 2,06 ounces of palladium.

Now it buys :

- 72.24 ounces of silver
- 0,87 ounce of platin
- 4.40 ounces of palladium.

So, physic gold is the best shield.

Until the government requisitions all of it and you have nothing left. Then food becomes the commodity.

Look at how many ounces of gold it took to buy car in 1920 (about 30 ounces $600 for a Model T')and how many ounces it would take now to buy a car. Now you could get a car (2009 Honda Civic GX)for $25,050 for the same 30 ounces

Not much of a change in buying power.

Gold has not went up in value.

But money has gone down in value.

Originally posted by LeTan
Until the government requisitions all of it and you have nothing left. Then food becomes the commodity.

Hmm, is this why we keep seeing those cash for gold commercials?!
Give us your gold, give us your unwanted jewelry...

Yeah pretty much! And then all these ATS posts about the government suggesting that people not collect gold doesn't help it any. And those commercials are so damned annoying, and why does that woman look like shes from the 80's?

Originally posted by LeTan
Yeah pretty much! And then all these ATS posts about the government suggesting that people not collect gold doesn't help it any. And those commercials are so damned annoying, and why does that woman look like shes from the 80's?

My favorite is the lady who says something like, "I sold the ring
from 2nd marriage"... sounds like a typical Jersey girl... Hahaha,

I do feel that this is a way to get the gold out of peoples hands
with a simple commercial. Times are tough and the economy is
in the crapper, why not sell anything you have with real scarce
value.

Gold commercials

Every burglar in the US loves those commercials.

They have already caught burglars in LA Calif with cash4gold envelopes in there pockets ready to mail as soon as they get there gold from someones home.

Just steal jewelry put it in the envelope and drop it in the nearest mail box.

Get a better return then a fence or pawn shop and not have to worry about they cops finding it.

Don't buy gold now. Buy the things people will need or want after the economy totally crashes. Food, booze, smokes, guns, ammo. Then, after the total collapse, you can trade 3 days worth of food for an ounce of gold! Suckas! ha ..

Originally posted by ANNED
Look at how many ounces of gold it took to buy car in 1920 (about 30 ounces $600 for a Model T')and how many ounces it would take now to buy a car. Now you could get a car (2009 Honda Civic GX)for $25,050 for the same 30 ounces

Not much of a change in buying power.

Gold has not went up in value.

But money has gone down in value.

An ounce of gold also buys about the same amount of oil now as it did 20 years ago. So oil hasn't gone up in value. It has just became more expensive in terms of dollars.