Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Or the refined metal in bars or coins (like Krugerrands)
You can also buy futures for most commodities, which is like a bet against the future price. Like I buy 10,000 barrels of oil at a set price today, hoping that in a couple of years, the price of oil will rise, and I make money. I don't actually receive the oil, or whatever, although I suppose I could.
Related Posts... there's another one with really good info, but I can't find it.
http://peakoil.com/fortopic87.html _________________ "When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Stephen F Roberts.
Joined: May 16, 2004 Posts: 162 Location: Rural, Indiana.
Posted: Sat Jul 03, 2004 5:50 pm Post subject:
Thanks, guys...and thank you, guest. I hadn't read your reply to my other thread. Buying gold boullion may be difficult for me living in a small farm town. But, I do plan on looking into it.
Joined: Apr 03, 2004 Posts: 7017 Location: My Grandkids' Farm
Posted: Sat Jul 03, 2004 6:41 pm Post subject:
I do know some about jewelry; I worked in an administrative position for a jewelry store chain for a dozen years. The price of chain for instance is pegged to the market, but is WAYYY inflated at retail. The same for diamonds.
Like any other prep item look at it for good times and bad. A nice chain could be traded based on its intrinsic value if necessary in bad times, that would certainly be less than one paid for it’s decorative value during good times. However if bad times never come you still have a nice chain. _________________ Make a plan and work it:
Joined: May 17, 2004 Posts: 293 Location: San Jose, CA
Posted: Sat Jul 03, 2004 6:41 pm Post subject:
I've heard that you should stay away from jewelry, if you are investing in gold, as jewelry has a very high mark-up. I've also heard that individual (or inexperienced) investors should stay away from futures, as it can be extremely risky & you could easily lose a lot.
As for purchasing gold bullion & coins, you could check out http://www.kitco.com
Also http://goldmoney.com - this is where you can purchase gold that is held for you in allocated storage in a vault in the UK. I think holding physical gold would be better, but they're very reputable & it's a way that you can easily purchase small amounts & accumulate it over time.
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