worst gold fund for 2019

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
Kbg
Executive Member
Executive Member
Posts: 1485
Joined: Fri May 23, 2014 4:18 pm

Re: worst gold fund for 2019

Post by Kbg » Sat Dec 07, 2019 9:28 pm

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.
User avatar
mathjak107
Executive Member
Executive Member
Posts: 2383
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: worst gold fund for 2019

Post by mathjak107 » Sun Dec 08, 2019 2:15 am

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 .
User avatar
Kbg
Executive Member
Executive Member
Posts: 1485
Joined: Fri May 23, 2014 4:18 pm

Re: worst gold fund for 2019

Post by Kbg » Sun Dec 08, 2019 3:19 am

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
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2342
Joined: Sun Apr 25, 2010 9:51 pm

Re: worst gold fund for 2019

Post by l82start » Sun Dec 08, 2019 8:04 am

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..
“Never argue with an idiot. They will drag you down to their level and beat you with experience.” ― Mark Twain

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
mathjak107
Executive Member
Executive Member
Posts: 2383
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: worst gold fund for 2019

Post by mathjak107 » Sun Dec 08, 2019 8:39 am

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 .
User avatar
ochotona
Executive Member
Executive Member
Posts: 2929
Joined: Fri Jan 30, 2015 5:54 am

Re: worst gold fund for 2019

Post by ochotona » Sun Dec 08, 2019 8:52 am

"Cuban style" gold chains have big links... Never thought of the barter connection! Hmm... Venezuela and Zimbabwe style gold chains must be similar?
User avatar
mathjak107
Executive Member
Executive Member
Posts: 2383
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: worst gold fund for 2019

Post by mathjak107 » Mon Dec 09, 2019 8:49 am

Image
User avatar
ochotona
Executive Member
Executive Member
Posts: 2929
Joined: Fri Jan 30, 2015 5:54 am

Re: worst gold fund for 2019

Post by ochotona » Mon Dec 09, 2019 8:54 am

Tell it to people involved with Lehman, Enron, LTCM, Thailand,...
User avatar
mathjak107
Executive Member
Executive Member
Posts: 2383
Joined: Fri Jun 19, 2015 2:54 am
Location: bayside queens ny
Contact:

Re: worst gold fund for 2019

Post by mathjak107 » Mon Dec 09, 2019 8:56 am

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
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2342
Joined: Sun Apr 25, 2010 9:51 pm

Re: worst gold fund for 2019

Post by l82start » 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...
“Never argue with an idiot. They will drag you down to their level and beat you with experience.” ― Mark Twain

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
ochotona
Executive Member
Executive Member
Posts: 2929
Joined: Fri Jan 30, 2015 5:54 am

Re: worst gold fund for 2019

Post by ochotona » Mon Dec 09, 2019 9:20 am

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.

171029-gurriel-cheat_wslgeh.jpg
171029-gurriel-cheat_wslgeh.jpg (501.85 KiB) Viewed 503 times
User avatar
dualstow
Executive Member
Executive Member
Posts: 8808
Joined: Wed Oct 27, 2010 10:18 am
Location: next to emotional support peacock
Contact:

Re: worst gold fund for 2019

Post by dualstow » Mon Dec 09, 2019 10:07 am

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.
Gold has passed 1645/oz
Post Reply