DarkJedi

Got 50 of the gold eagles and 50 of the maple leaf.

Yes, that cost $100k. I'm convinced that banks are going to fail any day now.

DarkJedi

the funny part is that both of those coins are legal tender, but have a face value of 50 dollars. When the metal inside them is worth over 900 bucks.

Vendot

Awesome...... where ya gonna store em?

Oh the hidey hole under the second stair down to the cellar?
Or the candy jar in the pantry?

(a) You should have bought through Goldmoney.com (they store the gold in a vault) and you pay minimal spread.

(b) If you had to own physical, you should have bought Krugers as theyre easier to trade and cost less.

Farang

You just spent $100k on coins? ... I should launch celeb tgp...

Manowar

those things are beastly, must have been a heavy package

JamesK

Banks have vaults too.

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Vendot

You think this guy is gonna trust a bank with his gold? HAHAHAHA!!!! You must be snorting coke up your ass.

Goldmoney charge you less than youd pay on postage, spread, postal insurance..... theres far less risk involved and no security issues so why concern yourself with the physical gold?

Darkland

I keep hearing all this advice to invest in gold and while it will hold out longer than the dollar I still don't get it. It isn't exactly a safe or sound investment. Any one read a history book?

Gold is great until the government gets desparate and recalls it all. It has happened once before and can happen again.

Absolutely nothing this govt does anymore could surprise me...

If you live outside the US I guess your safe enough though...

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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

DarkJedi

No fucking way i'm trusting it to anyone.

I've got a secret hiding place in the basement in one of the old sewer pipes.

NemesisEnforcer

... or use a private vault service.

lazycash

Did you move to the US DJ or are you referring to the Ukraine banks?

Rorschach

That's bling!

Vendot

https://youtube.com/watch?v=ftSBqAp3r7o

https://youtube.com/watch?v=J_pxF...eature=related

http://goldmoney.com

stickyfingerz

So the government is going to come take gold out of peoples safes?

DarkJedi

Neither.

DarkJedi

Whats so funny about it?

tiger

When do you sell gold?
When everyone is talking about buying it.

Gold would have been a good buy a while back or even on the dip not that long ago a safe bet but now it seems fairly inflated.

Probably safer to just open an account in another country and move the money there. Not saying it was a bad buy, just seems risky at these levels. When I start hearing all these people talking about buying gold it is usually a good indicator of the top coming.

Nice coins though.

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tical

they've done it before (with the threat of legal consequences) http://en.wikipedia.org/wiki/Executive_Order_6102

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Darkland

Ummm yeah.... Do a search for Executive Order 6102.

"Executive Order 6102 is an Executive Order signed on April 5, 1933 by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates." It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to $10,000 ($166,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Because of this forced immediate sale of gold to the Federal Reserve at the government set price of $20.67 per ounce, this Executive Order is often referred to as the Gold Confiscation of 1933. Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to $35 an ounce; the U.S. government thereby devalued the U.S. dollar by 41%."

Like I said, it has happened once before and it can happen again...

Laugh at that chuckle head.

__________________


"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

Vendot

Well......... lets revive this thread in October 2009 and see if you were right. Price right now on goldprice.org is $890/oz

The point about gold is that you can open an account in another country and move the money there. People who buy gold are usually people who've already done that but just want an additional way to diversify their funds away from regular currency and into another asset class.

Darkland

Nice... You beat me to it...

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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

DarkJedi

Common date AU (St. Gaudens) double eagles are a steal at about $850-$950 on eBay. They contain a hair over 96% of an ounce. Small premium to pay for the most beautiful general circulation gold coin ever minted.

Problem is, there aren't a lot of sellers.

HorseShit

How did it cost 100k? You payed way more than face value?

keep in mind I know nothing of these coins

DarkJedi

what do you think?

go look up how much an OZ of pure gold is worth.

BradM

Is everyone here fucking retarded or something? Christ.
Seems like DJ is the only one with common sense now, which is a scary thought.

V_RocKs

No... But they will make it illegal to transfer legally. So you will have to hold on to it until they stop asking for it.

Manowar

Which would just increase people hiding it more

gandalfuy

nice!!

i'd do the same :P

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Vendot

Dont gimme that shit........ thats like saying the US government would ban short selling or online gambling or other shit which normal people take for granted as shit which is never gonna be banned.

So dont talk "prohibition" when it comes to gold ...

http://www.goldfuckyourself.com/

Darkland

For the slow kids...

"All other things being equal, gold will continue to climb higher as the dollar moves lower...

The problem is that the very circumstances that could make your gold so valuable could also result in its being taken from you. In 1933, in order to stabilize the monetary system, President Franklin D. Roosevelt, under Executive Order No. 6102, confiscated all privately owned gold in the United States...

People who scoff at the suggestion that the government might restrict private gold ownership should remember that many other countries have restrictions on (or absolute prohibitions against) private gold ownership. They should also remember that, in 1933, Franklin Delano Roosevelt dealt with a monetary and banking crisis by confiscating all privately owned gold; paying for the gold at $20.67 per ounce; immediately devaluing the dollar by 40 percent; and setting the price of gold at $35.00 per ounce. At a single stroke, Roosevelt increased the government's gold assets, stabilized the monetary system and increased wholesale prices by more than 33 percent. However, he also inflicted losses of 40 percent on gold owners and stripped them of the gold that they saved to insure their financial futures..."

http://www.blanchardonline.com/beru/...tion_again.php

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brand0n

pics or shens

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MakingItPay

If the banks fail they most likely confiscate all gold except for really old gold coins. Those coins look great. Then again they will have to pry them from your cold dead hands. ;)

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DWB

Why not?

They tell us what we can look at in our own homes. They can come and take your guns. They can take the money in your bank OR safe if you owe the IRS.

The gov can do ANYTHING it wants. I would not laugh so hard about the idea of them taking gold from us.

IllTestYourGirls

They did it once before why not now?

http://en.wikipedia.org/wiki/Executive_Order_6102

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WarChild

Hahaha nice story.

First off, you don't have 100K to buy gold or anything else with. Nice try though.

Secondly, if you did have 100K in gold, and society fell down around you, you'd be amongst the first people to have their gold and everything else taken away by a person like me.

Those are what you call facts.

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bhutocracy

Zombie Hordes are the worst.

Also buying your gold in coin form is usually retarded. You're generally paying a premium for the collector value of coins (not to mention design costs, pressing costs, limited runs, transaction charges, sales tax) rather than just buying bullion. Whilst it's not always the case and probably different region to region, you ever looked at the prices at a mint? $2000/oz+

tony286

the banks arent going anywhere.

collegeboobies

What site did you use?

Bojangles

Haha. Looks cool.

DaddyHalbucks

Sounds like a knee jerk reaction, a buy high and sell low.

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GigoloShawn

I like sulphur.

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pocketkangaroo

They also allowed slavery at some time. Should blacks start digging underground railroads? You guys are talking about an order 75 years ago.

stickyfingerz

They are quoting something that happened in 1933. I find it funny. First off how would the government even know I 'have' any gold in a safe?

You can buy gold tons of places. From a pawn shop to ebay, to your elderly neighbor that skimmed a bunch of it during the second world war after the nazi's fell. Some of the people on this board are nutsy. lol OH SHIT is there rfid chips in gold now? Is someone tracking all the gold OMGZ

Darkland

It isn't even the same fucking thing. Hmmm human enslavement... confiscation of gold. I don't see the connection.

Apparently you still didn't even bother to go read up about it. And no one said it IS going to happen but that it COULD happen.

I showed proof by precedent. You show proof of what? Opinion?

If you don't think the govt can do something, especially something they have done before, you ought to bury your head back in the ground.

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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

stickyfingerz

Runs to dig a hole where I will be safe from the government taking my gold and my first born son. SAVE ME TIN FOIL HATTERS paaa paaaa paaaa pleeaasseee!!!!

Jman

Nice trolling

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Darkland

Sad man, really sad... You have interpreted a historic accounting of the gold market and its use to stabilize a monetary crises and somehow think it is a conspiracy theory? Theory implies no tangilible proof so I am not sure how you made that leap unless the idea that it could happen makes you deny it at all costs.

And let me reiterate, I DID NOT SAY IT WAS GOING TO HAPPEN but merely that IT HAS HAPPENED BEFORE AND COULD EASILY HAPPEN AGAIN. If you haven't been paying attention we are on the verge of a crisis right now which is the ONLY reason I even brought it up. It is called relevance not conspiracy.

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"The towers are gone now, reduced to bloody rubble, along with all hopes for Peace in Our Time, in the United States or any other country. Make no mistake about it: We are At War now -- with somebody -- and we will stay At War with that mysterious Enemy for the rest of our lives." H.S.T. 09/12/01

The Duck

just put them in the octopus beard

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Antonio

I'm investing in whores, I have 4 for now, they make 12 000 euros per month each, I skim 30%

pussy > gold

stickyfingerz

You understand that the scenario that took place in 1933 is simply utterly unlike to ever happen again right? Im sure it would be quite interesting what would happen if the government in this day and age tried to force their way into our homes to remove our investments in precious metals. I would predict a lot of dead government officials. No one is denying that it 'did' happen. Just that it would be possible for it to happen the same way again.