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Re: worst gold fund for 2019

Posted: Sat Dec 07, 2019 9:28 pm
by Kbg
ROFL...Based on my reading of lots of history I totally do not agree with the HB take on the usefulness of gold as a practical form of exchange during a zombie apocalypse.

Let’s go with history that everyone knows: You are Jewish, living in Germany and it’s the 1930s. Make the case that gold was helpful. (I will concede it was if you had a lot of it in a foreign country and you had dual residency in the country you were holding it in...in 1928.) What was far more valuable was to have a govt official/friend who could get you the necessary exit papers.)

Other than that, you were screwed.

Re: worst gold fund for 2019

Posted: Sun Dec 08, 2019 2:15 am
by mathjak107
i agree . in those crap hits the fan situations bartering skills are likely going to be much more important ..when money became worthless in germany bartering to get what you need was the main way goods and services were provided.

i see gold as just another asset class for investing in , end of its usefulness , except for wearing shiny objects.

it is likely the first time you flash the gold you thought that would buy your way to freedom it would be stolen from you .

Re: worst gold fund for 2019

Posted: Sun Dec 08, 2019 3:19 am
by Kbg
i see gold as just another asset class for investing in , end of its usefulness , except for wearing shiny objects.

it is likely the first time you flash the gold you thought that would buy your way to freedom it would be stolen from you.

Exactly

Re: worst gold fund for 2019

Posted: Sun Dec 08, 2019 8:04 am
by l82start
in the book "The Modern Survival Manual: Surviving the Economic Collapse Paperback – September 11, 2009" written by a guy that survived an actual economic collapse, he recommended gold chains as a "survival gold" for exactly the above reason..
it allows you to break off a few links and barter, while giving the appearance of having limited resources and avoiding robbery.
its a good book for "survival realism" as apposed to most of the survival books out there that are just fap material for guys that like to imagine themselves as post apocalyptic tough guys..
it has been recommended a few times on this forum.. definitely a good read on the topic..

Re: worst gold fund for 2019

Posted: Sun Dec 08, 2019 8:39 am
by mathjak107
to be be honest i had enough of those visions of doom from the goldbug newsletters i used to get more than 30 years ago .

Re: worst gold fund for 2019

Posted: Sun Dec 08, 2019 8:52 am
by ochotona
"Cuban style" gold chains have big links... Never thought of the barter connection! Hmm... Venezuela and Zimbabwe style gold chains must be similar?

Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 8:49 am
by mathjak107
Image

Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 8:54 am
by ochotona
Tell it to people involved with Lehman, Enron, LTCM, Thailand,...

Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 8:56 am
by mathjak107
the point is what we worry about tend to have very very very low probabilities of playing out in these doom scenarios ... sh*t will always happen to someone somewhere ...that is a given but in life we all plan around the odds of it not being us or else why plan , why save , why even work or start a family .

the reality is we can dream up all kinds of scenarios in our heads , and somewhere someone will actually have it happen . i mean those companies you mentioned were fraud . crimes happen everywhere.

but these visions of this apocalyptic zombies attacks and gold being the way out are stretching what actually will likely play out in reality

Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 9:10 am
by l82start
it comes down to realism vs fantasy and how much you invest, if you own a few gold chains and a handful of small silver it has cost you next to nothing for some "partial coverage worst case insurance", if you spend your life savings digging bunkers you have entered the survivalist fantasy world at a horrible cost...

Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 9:20 am
by ochotona
l82start wrote:
Mon Dec 09, 2019 9:10 am
it comes down to realism vs fantasy and how much you invest, if you own a few gold chains and a handful of small silver it has cost you next to nothing for some "partial coverage worst case insurance", if you spend your life savings digging bunkers you have entered the survivalist fantasy world at a horrible cost...
Yuli Gurriel, Cuban born and raised Houston Astros 1st baseman. There's much worse ways to spend your money than on Cuban gold chains. If you're digging bunkers, you've got a worm in your brain.

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Re: worst gold fund for 2019

Posted: Mon Dec 09, 2019 10:07 am
by dualstow
If I had a nice piece of land and the funds, I would dig a bunker. However, it would also be my man cave den and I would watch movies in there, nightly.