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Just got a HUGE stack of gold coins today via fedex
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. http://www.nudeteenmodels.com/eaglecoin.jpg http://www.nudeteenmodels.com/maplecoin.jpg |
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.
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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. |
You just spent $100k on coins? ... I should launch celeb tgp...
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those things are beastly, must have been a heavy package
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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? |
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... :2 cents: If you live outside the US I guess your safe enough though... |
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I've got a secret hiding place in the basement in one of the old sewer pipes. :anon |
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Did you move to the US DJ or are you referring to the Ukraine banks?
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That's bling!
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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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"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. :error |
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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. |
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Problem is, there aren't a lot of sellers. |
How did it cost 100k? You payed way more than face value?
keep in mind I know nothing of these coins |
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go look up how much an OZ of pure gold is worth. |
Is everyone here fucking retarded or something? Christ.
Seems like DJ is the only one with common sense now, which is a scary thought. |
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nice!!
i'd do the same :P |
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So dont talk "prohibition" when it comes to gold ... http://www.goldfuckyourself.com/ |
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"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 |
pics or shens
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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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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. |
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http://en.wikipedia.org/wiki/Executive_Order_6102 |
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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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+ |
the banks arent going anywhere.
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Haha. Looks cool.
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Sounds like a knee jerk reaction, a buy high and sell low.
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