Don't buy gold, think! Gold is held by whom? Mostly banks, so if we buy gold now, we are basically

This is one of the many reasons why freedom will not be a reality in the US. The ignorance is just amazing.

It just makes RP'ers look nuts. Gold is good. If you buy it and keep it, it's yours , not the bank's.

things. Some gold, silver, beans, coffee, seeds, canning jars and lids. Get out of debt. Make friends with people who think like you they are worth their weight in gold. Make some nice memories with family and friends these help get you through the tough times. Your valuables can be taken from you and you may only be left with memories, cherish them. Peace

No, but maybe Wheat. I'd like to work on the logistics of a wheat-backed currency.

Instead of a bill saying "one dollar" it would say "One bushel of wheat".

People could come to my wheat-shop, and buy wheat (I would have the facilities to grind it on-site) or buy wheat bills, payable on demand (during business hours).

Whole-ground Wheat flour is extremely nutritious, so the product would have many customers.

But the great part is that the grain notes would be an effective currency, although there would be a geographic problem, if you lived far away from the wheat-shop.

I live in one of the best coffee growing regions in CR. Tryly one of the best places to live and now invest. Very strong economy...and coffee is in great demand. Reforestation in teak or other species is HOT as well. Also tremendous Pacific ocean views & waterfalls !!!

Any questions ?

Keep laughing boys.

It looks like you are not the only one that has thought of this. Spam sales are up! According to their website unopened Spam has an indefinite shelf life. Here is the article about the sales being up.

http://news.yahoo.com/s/n...

Actually I travelling today, so I'll be away for a couple weeks, so you can relax. I mean if you really think gold is worth something then buy it. I have no arguement with you. I am just trying to make people think. How much food stuff do you have in storage? If the price of food skyrockets, and your salary doesn't, you'll be out of gold really quick unless you have your own mine. By the way, I do.
grant

I don't have all the answers, that is why we have a forum, to teach isn't it, or am I just to sit around and follow the crowd.
Now I know little about the history of gold, even worked for South African owned Anglo-American gold division of Anglo-gold for a time. Happen to have a Ron Paul gold coin in my pocket right now. My question is; if gold is going up as it has over the past couple years, and people believe it is going to continue to go up. Why is this company currently in negociations to sell gold mining operations to investors? Where are they going to put their money when they close the sale, in dollars? I doubt it. Chinese yen; unlikely but possible. Agricultural investments? Perhaps. We are all convinced that gold is going to become the standard, but it is a big if!
Let's imagine that gold goes up to $9000 dollars an ounce, what is to say that beans and other food items will follow this same projectory. A bag of beans costing $1.00 a bag today could sell for $20.00 a bag. Gold has gone up 10 times and beans have gone up 20 times. Of course, other less necessary items on the market could drop in price and this would offset the inflation index. So my point is that in hyperinflation gold does go up, but not as fast as basic items of survival. Look at other countries that have experienced hyperinflation, you will see my point. We have to remember that if the dollar collapses, this means the collapse of the American empire, leaving the door open for another power to come to the front. Perhaps the government will be able to support the Empire for a while with gold held in storage at Fort Knox. The Chinese or other country will soon have control of this, and we will be on the Yen standard, not gold! Gold has no real value for the Chinese, but beans do!
grant

I can not believe that this thread is still going on. This person is all over the place. Why are you people wasting your time with somebody who proves with every comment that they do not understand the nature of how real money was used in earlier societies and how it has evolved in our modern society. Why do you let this person take you in all these different directions with no cohesive sense of reality in these stupefying rants. All that I can say is Unf**king believable.

GATA Be in to Win

When ones closes out their IRA or retirement account and wants to invest in beans, how should one store $50,000 , $100,000 or more of beans?

Maybe bean bag couches and bean bag mattresses?

They keep telling you the price of gold is going up and we believe it. But I'm buying beans and other basic needs first, these are more important, Let the rich invest their money in gold, let the poor protect themselves and be prepared. The only way to get our gold back to use for honest trade is to let them know we are serious.

When the dollar collapses, I am tripling the price of my beans in gold! Actually I can't that would be illegal, so the price just went up on the black market. 1 ounce of gold for a pound of beans, however I'll trade a days labor for a meal.
grant

... when the dollar collapses I'll buy some beans with my gold and silver.

=)

If you want to hurt bankers (pawns of the elitists) don't borrow money from them, if you want to piss them off, don't buy gold.

As long as there is inflation, it is wise to own gold.

It was there and then, poof, it was gone in a cloud of gas. Maybe we would have to convert to a natural gas economy. Now there is a commodity that is has value as energy to heat your house and generate electricity. Keep eating!

Bankers play a useful role in society.

The problem is that government is disproportionately beholden to the bankers, and that government crafts laws that discourage small local banks and prop up behemoths. The natural market pressure would be to have an even mix of local banks and multinational banks (for those who need them), however, that has become perverted by our innavigable system of laws and red tape, not to mention institutions of questionable constitutionality, such as the Federal Reserve.

Be careful. Beans have a depreciation rate much higher than gold, and the temptation to consume your wealth is quite high.

You can get cheap gold by buying it off of people that go to pawn shops. I sometimes will walk around the pawn shop a bit and wait for someone who wants to sell their gold. I tell them I will pay 10 more than what the pawn shop is offering. It works. Another thing I do is I go around to thrift stores on the 50% days and buy brass ornaments, I now have quite a stock pile.

"Whenever I despair, I remember that the way of truth and love has always won. There may be tyrants and murderers, and for a time, they may seem invincible, but in the end, they always fail. Think of it: always"
Gandhi

The ONLY thing that matters about gold is to get it at a good price. . It doesn't matter who owned it before you as long as you Buy Low and sell High. Of course agricultural commodities may be a great play. Many have suggested backing the currency with a portfolio of commodity futures contracts. If such a system was run openly and transparently it would be a great idea. In the real world their are too many middlemen in such a plan and too many opportunities for fraud. When you hold gold and/or silver you are holding the real deal,

now i think the next purchase will olny be canned beans(refried)and fruit that are 6 lbs 9-12 oz each very cheap.we need to look to the bible in my opinion the famine WILL be 3.5 years! 42 months by 30 days per month
1260 days 1 pound per person a day this is a logical numbers in my opinion 1 pound is nothing per day but it will keep u ALIVE and to the people that think GOD will be here on their convenince may be mistaken?
I will have a way to heat water (woodburning stove)and a generator for the well! we must stick together! but if you cant help yourselves how are u going to help anyone else?

If they don't have any gold in stock and gold is of real value, then these bankers must really be stupid! You mean they don't know this!?! With all their education, oh my goodness, so if they are printing up dollars what are they buying? Not gold as you just stated, what idiots! Maybe we should email them and tell them our secret!
Perhaps they don't have gold registered under the name of the central banking system, but I have no doubt at all that in private storage accounts, held by men of their society, for whom they really work for control the gold. Or do you think just anyone makes it to the top of the banking system. The system may change, but the same people will still be at the top, is there any doubt about this?

Is Inflation Robbing You? Check This Out:

http://www.richdad.com/Ri...

Then this:

Many individuals have posed the question to me... How do you protect yourself against inflation?

As a response I would like to share the following:

I have been purchasing (1) ounce silver eagle dollars with my fiat money... Two (2) per month... As a retiree living on SSN that is all I can afford...

Recently I have come across this company http://cegsilver.com from which I am now making my purchases... If you feel comfortable with this program feel free to participate... If not, do as you wish... Yes I benefit from this post as most of you will if you take advantage of the program... However, I felt confident that many of you will welcome this information... Thanks... And have a great day...

also owns 53% of the world economy.This is where the buck stops and starts!

If they don't have any gold in stock and gold is of real value, then these bankers must really be stupid! You mean they don't know this!?! With all their education, oh my goodness, so if they are printing up dollars what are they buying? Not gold as you just stated, what idiots! Maybe we should email them and tell them our secret!
Perhaps they don't have gold registered under the name of the central banking system, but I have no doubt at all that in private storage accounts, held by men of their society, for whom they really work for control the gold. Or do you think just anyone makes it to the top of the banking system.

I doubt that one bank in the USA owns any gold. The Federal Reserve Bank does not even claim ownership of the gold over which they are the guardian. Other central banks around the world do in fact own gold.

Banks can create money out of thin air, so how is it that they would be helped by you buying gold from them even if they had any to sell? As a matter of fact what helps banks the most is you keeping a checking or savings account with them because you are then their creditor; you are making no or low interest loans to them. They then take the "reserves" they get by you keeping these checking and savings account balances with them, and they use the reserves to create checking accounts out of thin air for loan customers. They charge relatively higher rates of interest on these loans.

So, in reality, your post is total nonsense.

If you wanted to hurt banks, then you would not borrow from them. If you wanted to hurt banks, then you would only keep the bare minimum in your checking account to facilitate transactions, and you would not have any savings accounts with banks or certificates of deposit.

And if banks did have gold, then writing them a check for it would take out of their vault the one solid asset they owned and put it in your safe storage place, much to their detriment and your good.

Prior to 1933 gold and gold certificates circulated as money. Roosevelt made it illegal to own gold and required people under penalty of law to turn in their gold in exchange for federal reserve notes at an exchange rate of $20.67. The gold went into storage under the custody of the Federal Reserve Bank. The federal reserve notes (bills of credit) that people after 1933 used as "money" promptly began to lose value so that today they can only buy a very small fraction of what they could in 1933, and they continue to lose value as more and more new money is created and floods the market place. In 1964 Nixon relegalized private ownership of gold, and what is the exchange rate in the free market today between federal reserve notes and gold; it is about $900, or 43 times the exchange rate in 1933.

So tell me again how you are better to hold your wealth in a bank account instead of in gold and how not holding gold helps banks.

I agree it is a good idea to have a food storage program, particularly as food production becomes more problematic. However, you can only store a certain amount of grains and beans before you have a space problem and a spoilage problem. Once you have enough food on hand, then it is much better to store your wealth in something that will not spoil or be eaten by rodents or bugs.

I have no arguement that gold could go up to $20,000 dollars, that is obvious, what I question is how gold will hold up against beans and other food items. Those items even with a gold standard fluxuate in value, rising and falling according to demand. So wiser to buy beans and stores of necessary products first. Again, the audience that I am addressing are those who don't have tons of money to invest in gold, most don't even know it's value. If the shit really hits the fan do you think someone sitting on a stock of food stuff is going to exchange it for gold?

What on Earth makes you think that gold prices would fall if we went back to a gold standard? Most gold bugs understand that if we were returned to a true gold standard, an ounce of gold would be worth about $20,000. That is how inflated our currency is right now. Some people might think it unfair that this would be so extremely beneficial to a few wise persons that had invested in gold, but Dr. Paul has advocated a transition by legalizing competing currencies. Besides, it's really no different than what happened with the housing bubble where artificially low interest rates allowed a few homeowners to become extremely wealthy through no great effort of their own. Once competing currencies were legalized, you would be very foolish not to abandon your federal reserve notes in favor of sound money. Of course, there is nothing wrong with owning land as a store of wealth, since land is also scarce, but it doesn't work very good as a medium of exchange.

Beans and grains are perishable and destructible, traits that gold and silver do not share. Beans can also be reproduced (counterfeited) whereas gold cannot.

I appreciate your out of the box thinking on this- and there is nothing wrong with storing your own grains and beans as a shield against hard times- they will no doubt be a valuable commodity as the dollar crashes. But you can't expect others to accept beans and grains in exchange for goods services and debts unless they place the same value on these commodities as you do.

Right now gold is just another item to trade and controlled by those who sit on large stocks of it, why are they selling it? What are they investing in? Don't play me for a fool!!!

It is illegal to accept gold to sell your house, besides, the buyer would have to show where his cash came from on the purchase agreement, otherwise he would be processed for failure to declare income taxes. Until these laws are changed it is illegal to do so. Get the tax laws changed first, then change the monetary system, then I'll take your gold, until then, gold is just another item to trade and controlled by those who sit on large stocks of it, why are they selling it? What are they investing in? Don't play me for a fool!!!

Some have pointed out that Gold is the currency of God, for this I am concerned, since there are many sheep out there and many wolves trying to take advantage of them. So in response to those who preach that gold is divine, I will only say that although it has it's purpose, don't elevate it to such a high status in your life.
Gold although spoken of in the bible is far from being the currency of God. Just take one look at it's periodic symbol, Au, named so after the goddess of the dawn "Aurora", Aurora has the numeric value of 666, when using the alphabet code of 9's. A=9, B=18,C=27, ect.....
A=9
u=189
r=162
o=135
r=162
a=9
Aurora=666

666 is the babylonia number for the sun, magic squares and all that garbage!
Perhaps this is why people kill for it!
So for some people who believe in this bullshit, gold is divine, for those of us who believe in God, Gold has a purpose, but I'm certainly not going to worship it!
As for the bible, it says be prepare for hard times, store up on food and olive oil to make it through the hard times. Can't find where it says to store up on gold!

Good suggestion though. I would totally rather have a bunch of beans than gold. It is a good idea to stockpile food, but seriously man. Whooa

Your right I am misinformed, hence the article, I am trying to get a real grip on the issue. That is what forums and discussions are all about. I am not a "yes" man on the Ron Paul wagon going to listen to every idea that comes out of it. I have never hear Ron Paul saying go out and buy gold from your local gold dealer so he can make a buck. What he is talking about is returning to a gold system, and having competing currencies, so that our currency is limited and true, and gold appears to be the best option. Of course this can be done by controlling the printing of the currency or as is currently done, by increasing it's demand by making it the international standard, that's why Americans have such a high standard of living. Now if we all of a sudden switch to the gold standard, where is the gold? Most is produced outside of the U.S., Chinese sit on large reserves, and they mine it a lot cheaper than we can, as do the South Africans. So the availability of gold lies in other countries, does it not? Or do you think we are going to eliminate our environmental laws here to mine for gold. So if instituted then we would have to send gold abroad to buy our products, won't we? Or we would have to start producing goods here to keep the gold here, won't we? These are questions that have to be raised before a sudden change so people can be prepared, since beans and food are one of the only major demands of the U.S. then it makes logical sense that they would be the most sought after items to purchase from here, the rest of the world doesn't need our cars, textiles, what they need is our food, and that is our most important product to protect.

I see a lot of smart people on here get on a soapbox about gold without really understanding its use as a currency. Gold is not an exchange commodity in the U.S. because capital gains on it are taxed. If gold were an exchange commodity, then it would safeguard against hyper-inflation. The reason that most great societies with fiat money collapse is because the state uses monetary policy and not fiscal policy to resolve debt obligations. They print more money (which in effect steals the wealth of the public) to pay off gov't debt.

In the current regulatory environmen, gold is no different than equity or any other commodity traded on the public exchanges. Relative value against other commodities is all that matters. If you're buying gold as an investment, you're most likely wasting your time. Gold is at an all time high and buying at highs is usually a bad idea.

I don't know which way gold prices are going to go. Anyone that tells you they know which direction gold prices are going ot go is lying. Many of you stand to lose a great deal of your wealth if you concentrate your investments in gold.

Fight to make gold an exchange commodity, so we can use it to buy goods and services. In the current regulatory environment, you should treat gold like any other investment.