How should I invest in Gold?

[texan_176]

I have been a long time listener and as you said years ago the price of gold has surged.  I want to invest in gold but need to know where to start.  With prices so high and potential for scams I am worried about buying coins from dealers or online stores. 

Also, how high do you predict gold to go before the stock market and phoney money has a total meltdown?

[The Constitutionalist]

Alex is neither a banker, financial advisor, or your personal CPA.  If you want to speculate in gold, do your research, spend wisely and diversify your holdings.  I'd recommend some silver as well.  More so than gold actually.  If you cannot find what you need in your local financial district, then you are going to have to stow some of that worry and get on about living your life.

As far as predicting the price of gold.  Meet me at the horse track.

Next people will be asking Alex what to name their kids.

[texan_176]

Geeze, lighten up man.

I asked his opinion on how high gold will go generally speaking.  He did encourage listeners to buy like crazy when it was around 300 bucks an ounce a few years ago.  This was a fair question.

It was NOT a request to look into the future and forecast within 1% the price of gold at some point in the future.

[jjgrands]

id like specifically to know if there is any special place alex gets his, a sponsor for the show or fellow anti nwo er would best be served tpo get our money. so, valid point, got gold?

[Falcon57]

If one gets gold, what does one do with it when the paper currency finally goes in the dumpster?

[texan_176]

It will be used to buy goods and services....um...until total breakdown of social order.  Gold will be the difference between the people that starve and those who survive; in addition to prestocked supplies and weapons. 

[GeorgeHayduke]

If one gets gold, what does one do with it when the paper currency finally goes in the dumpster?

First of all, hope you're one of the folks that survive the massive turmoil a currency collapse would cause. I would argue that the potential for really nasty situations in such a collapse could be quite high since our culture has adopted the "I got mine screw you" mentally these past 20+ years.

As for gold and silver's use, I am a part-time freelance graphic designer and part-time handyman/craftsman and I would gladly do work today for gold or silver as well as cash. It's better than getting paid by check. I've known guys who have done construction work in exchange for guns, sex, trucks, etc... The opportunity for barter is available in many situations today, however, as the economy continues to decline the underground economy and bartering (with its bonus of tax avoidance) will become more and more popular. Personally, I hope more and more people move to such a system to help starve the beast of it's money flow.

[texan_176]

EXACTLY!

There is nothing illegal about the barter system but people would have you think it is part of the underground economy and associated with criminal behavior. 

Just the other week I repaired the a/c in the car of a friend of a friend.  I am not a mechanic by trade but I do stuff on the side.  Anyway, he paid me in cash but I would have prefered to trade for something.  I will pay tax when I spend the money so Uncle Sam gets a cut for doing nothing. 

The fiat money in use today is backed by nothing and the reserve requirements used by the banks create money out of thin air.  To put it another way, we are like rats chasing money around while they are like cheese manufacturers that adjust production as they see fit.

[LadyIce]

Tell me, how do you feel about the Liberty Dollar money system?

When they released the Ron Paul dollar I ended up at their site and read through it. It sounds like a really good idea, considering what we are looking at.
Having already starting a silver/gold coin collection I would like to know what you all think of this.

If you haven't heard, it's at www.libertydollar.org

[ﮐ≡≡ﮐ ŦħíИgﮐ]

I know this is an ask alex thread, but smart investment now is "going green"
solar panels, windmills, signing up at http://www.befreetech.com/feinfo.htm
anything that gets you off the grid for home power, stops the feeding of money into the corporates who are enslaving us, and related taxes feeding the govt who is obviously doing the same thing.

next and inclusive: "going survivalist"
anything you can do for some food and water storage, water filtration..
seeds for planting, a good manual of wild edible plants, etc.
some decent equipment and weapons for hunting and self defense.

"money" "gold" etc, might not be worth squat, self sufficiency is and will be.
skills in producing tradeable items, even from "junk" will have more value than
little bits of white or yellow metal, same goes for food items.

[LadyIce]

In theory, sounds good.

Except it seems you aren't taking into consideration  the 'Gun Law'. He who has the guns doesn't need self sufficiency. He has other do it for him, then he takes what he wants.

In a complete meltdown, it won't matter what you have or what you can do. If those others (be it governmental or otherwise) who abide by the 'Gun Law' know or find out, you will be in the same boat as everyone else. Of course, this also goes for anyone who has gold or silver as well.

But, for the NWO 'now', having some of the base currency worldwide seems like a good idea.

Just an observation.

[ﮐ≡≡ﮐ ŦħíИgﮐ]

some decent equipment and weapons for hunting and self defense.
  hmm, that didnt quality ?  lol.

[LadyIce]

Depends on how many you're up against

[sjenner]

I plan to buy some land and start a farm in next year or so.

I grew up on a ranch and we raised all of our food. It was hard work but not that difficult. In fact we
had so much extra to sell or give away to neighbors and friends. I think it will be important for people in America to get back to basics of making good relations with neighbors and not being so greedy and selfish.

If the dollar collapses, if I can be self sufficient with grow my own food and solar power and water then thats enough. By then nothing will matter anyway. My main concern will be goon mercenaries like the thugs from Blackwater or roving gangs of criminals. Banding together with neighbors and community will be key for survival. I predict the return of local militias.

[GeorgeHayduke]

"money" "gold" etc, might not be worth squat, self sufficiency is and will be.
skills in producing tradeable items, even from "junk" will have more value than
little bits of white or yellow metal, same goes for food items.

I understand the rationale behind this thinking, but if we get completely down to that point, self sufficiency won't be as important as being a productive member of a viable, healthy community. The Western Culture idea of a single man plowing the earth and living ala Robinson Caruso while the folks who didn't plan suffer greatly is a myth. You don't think roving bands of hungry people won't scour the countryside in search of what they want or need? Roving biker gangs could wreak havoc on solitary farm houses. Sure, you have guns, ammo, food and water to hold out for a siege, but then they'll just burn the house down around you and wait until you have to come out. Besides, if someone wants to take your stuff, you don't think they'll be blowing whistles and flashing neon lights that they're coming your way do you? They'll probably sit in the tree line and wait for you to do a little tending to the crops and drop you with a rifle while you have no idea what just happened as you bleed to death.

Between now and the time we get to this Mad Max scenario, you can bet little bits of white or yellow metal will go a long way. Gold and Silver have been used as money for ages, and they will assume that role again well before we're all running around like maniacs in the kill or be killed survival scenarios so often bantered about. Even during Feudal times when the majority of people were subsistence peasants the kings used gold as money and the peasants used silver.

My guess is if we move to a food, water and shelter subsistence level of survival in this country in a very quick manner, your ability to survive it will be a luck of the draw kind of thing, unless you are deep, deep, deep in the sticks the instant the event occurs. You don't think everyone else in a hot spot won't be making their way towards your survival getaway? If it happens that way and you are one of those who survives in a hot spot, there should be plenty for the taking as people would have killed each other in vast numbers leaving their belongings behind.

On the other side of the coin, if we get into a "siege" type of situation where the elites use their mercenaries to enslave us, how do you think they will pay their mercenaries? Sure, they'll get food and those items necessary for survival, but they will get paid with money too most likely. Which do you think would most likely buy your way out of trouble with those guards, a Powerbar you stashed away or a quarter (or even a tenth) ounce of gold which is much easier to store and hide?

The thing I see so many survivalist types overlook is the phase that gets us from "here" (where we are today) to "there" (subsistence farming, hunting/gathering, etc). Anyway, if things get to the subsistence level of the heavily armed solitary farmer survivalist so romanticized in this country, it would be an obsolete model anyway. That model is part of nation-state mentality and at that point, the nation state would no longer exist, or feudalism would take its place. I believe the more nomadic roving tribal model, as was practiced on this continent for thousands of years, would prove a more viable option, if we can avoid the feudalism. But hey, that's just me.

[1984iscoming]

GeorgeHayDuke,

You bring up some interesting points. That phase that people may try to rob/steal your house/farm/land in a economic collapse you're talking about does sound plasible. So in your opinion, what do we do to prepare then?

Not buy land?
Buy storable foods?
Buy silver mostly and some gold?
Buy guns and ammo?

Thanks,

[bmga1776]

This discussion kinda turned away from investing in Gold.  I like it!

This is my opinion for what its worth.  This is for city dwellers mostly.

1.  Most people are not prepared and wouldn't even know how to live in an unpopulated area. They will listen to anything
     the Government tells them if they think it will put a little food in their bellies.  So most will not even try to leave the   
     cities until it is to late.
2.  The Government under martial law will close down cities and not let people out, and use food and starvation as a
     tool to kill off and control the populations of most major cities.
3.  Prepare:  Read books on survival, study maps in the wilderness in your area, and prepare mentally, spiritually, and
     physically:
     a.  Have well defined bug out plans.  At least 7-10 different escape routes that you have driven/taken/practiced etc....
     b.  Have 7-10 destinations that you have visited/checked out/camped in/talked to the people etc.....
     c.  Have 3 sets of bug out equipment ready.
         1.  A Bag:  Packs ready to go and only what you can carry on your back.
         2.  B Bag:  Equipment/Food that you have 20 minutes or so to load up in your vehicle and can drive away. 
              including your A Bag.  (you may have to abandon your vehicle and have to walk out.
         3.  C Bag:  Get a trailer or something, you can load up all of your storeable foods and equipment and you can
              survive for a long time.
     d.  If you have the ability and money, have cache sites where you have placed/hidden food and equipment.  (most
          don't have this ability)
     e. Don't plan on driving across country, you probably won't make it.
     f.  Have gold and silver, you will be able to use it, but use it wisely, there will be rewards out for those who try after   
         your Government makes it illeagle to own it.
     g.  Have extra food/coffee/sugar/cigarettes (even if you don't smoke) to use for trade.

This list goes on, but you get the idea. Search the web, there are hundreds of websites with lists on which equipment and stuff to have.

email me with any questions or make your comments here.

[1984iscoming]

bmga1776,

Good points about people not wanting to go into unpopulated places. I've thought alot last night about this.

I think as soon as a new terrorist attack occurs, you have to get on the road and move to your secure place immediately. So you're right about having bug out packs A, B and C.

I dont think they can implement martial law within 24 hrs of a terrorist attack, it takes time, so you're right, having alternate routes, maps and a GPS would probably help immensely. One article I read once said to buy land atleast 100 miles from any major city. I live in the Greater Boston Area, I think buying land in Maine is a good option as its atleast 3-4 hrs away from Boston. Also, I believe that in Rural Maine, restrictions are lax and there are plenty of private hunting reservations.