Buy Gold Now

[thesometimesaint]

In big natural disasters, first of all who in their right mind is going to give you their clean water in exchange for a nugget of gold. Second, in these disasters, whoever barters with gold? There may be profiteers there who will sell you provisions at hiked-up prices, but they always want cash. When is the last time that anyone has ever bartered with gold? The 19th century? I think that toilet paper would be a much better candidate for currency than gold.

In bartering conditions paper money is toilet paper.

[Mola Ram Suda Ram]

In bartering conditions paper money is toilet paper.

And gold is what is valuable so. We have come full circle. Gold has never been worthless.

[ERayR]

In big natural disasters, first of all who in their right mind is going to give you their clean water in exchange for a nugget of gold. Second, in these disasters, whoever barters with gold? There may be profiteers there who will sell you provisions at hiked-up prices, but they always want cash. When is the last time that anyone has ever bartered with gold? The 19th century? I think that toilet paper would be a much better candidate for currency than gold.

Don't read much history do you. In those conditions Gold is cash.

[Mola Ram Suda Ram]

Don't read much history do you. In those conditions Gold is cash.

Wiemar anyone?

[Bill “Papa” Lee]

Ya know all those advertisements trying to get you to buy gold and silver, why it even feels good to hold.

I was preparing my Primary lesson and ran across this passage.

“And it came to pass that when three hundred years had passed away, both the people of Nephi and the Lamanites had become exceedingly wicked one like unto another…And gold and silver did they lay up in store in abundance…” 4Nephi 1:45-46

Makes you stop and think.

They were putting their trust in the arm of flesh...so yes today does remind me of this.

[thesometimesaint]

And gold is what is valuable so. We have come full circle. Gold has never been worthless.

You have a bushel of gold(about 40 LBS), and I have a bushel of wheat(about 40 LBS). You're hungry. How much is your bushel of gold worth?

Ps; In the early days of the California gold rush a single egg cost $3 gold.

Edited October 31, 2012 by thesometimesaint

[ERayR]

Ps; In the early days of the California gold rush a single egg cost $3 gold.

Didn't say food commodities wouldn't be expensive only that gold would be a viable currency. How much do you think that egg would cost in paper money or even in our fake silver coin?

[Bill “Papa” Lee]

Didn't say food commodities wouldn't be expensive only that gold would be a viable currency. How much do you think that egg would cost in paper money or even in our fake silver coin?

After WWII it took a wheelbarrow of paper money to by a loaf of bread in Germany.

[Mola Ram Suda Ram]

You have a bushel of gold(about 40 LBS), and I have a bushel of wheat(about 40 LBS). You're hungry. How much is your bushel of gold worth?

Ps; In the early days of the California gold rush a single egg cost $3 gold.

You assume I don't have any wheat. What will be nice is when I have wheat and can go trade my gold for something else.

[ERayR]

After WWII it took a wheelbarrow of paper money to by a loaf of bread in Germany.

If you could find anybody that would take paper currency.

[thesometimesaint]

You assume I don't have any wheat. What will be nice is when I have wheat and can go trade my gold for something else.

Then you wouldn't be hungry would you? You're changing the conditionals. IE; The Lehites in the wilderness had no use for gold. All the gold in the world wouldn't have helped. Food on the other hand was very valuable.

Gold and paper are just mediums of exchange and are of no intrinsic value. If I could take a bushel of gold down to my local food store and they wouldn't take it. It is of no value to them until they exchange it for paper money, or in today's economy blips on a computer screen.

[Jude2]

Wonder how much a roll of toilet paper is going for in New Jersey right now??

[Cobalt-70]

And gold is what is valuable so. We have come full circle. Gold has never been worthless.

It has never been worthless, but it has been over a hundred years since it has been useful as currency. In emergency conditions, it would be a horrible currency, because its value is artificial and it isn't useful except as ornamentation, which is the last thing on people's mind during an emergency. Its only usefulness is in the expectation that after the disaster, it can be exchanged for cash. If cash is not useful as a currency during some disaster, then gold won't be either.

Edited October 31, 2012 by Cobalt-70

[BCSpace]

I have food, gold, guns, and ammo. I intend to die with my guns directed outward from the crenelations in my wall made of gold ingots and an open can of Stagg's Chili, half eaten, by my side.

[Cobalt-70]

After WWII it took a wheelbarrow of paper money to by a loaf of bread in Germany.

If for some reason the U.S. dollar were to experience hyperinflation (fat chance of that happening--that's why we have the Federal Reserve) all you need to do is convert your money to Euros. Or if Euros are in bad shape, buy Swiss francs. No need to go out and buy gold coins, which you probably could not effectively barter with in a crisis, anyway.

Edited October 31, 2012 by Cobalt-70

[Bill “Papa” Lee]

If you could find anybody that would take paper currency.

Or toilet paper that matter...war and loss are the punishment of the wicked. Germany had also forgotten their God and put their trust in the arm of flesh, the outcome is always the same. There collection of gold was a sick one indeed.

[thesometimesaint]

It is the innocents who pay the price.

[Jude2]

I have food, gold, guns, and ammo. I intend to die with my guns directed outward from the crenelations in my wall made of gold ingots and an open can of Stagg's Chili, half eaten, by my side.

I intend to die helping in a soup kitchen.

[lithpblithh]

Gold. We can not eat it, wear it for clothing, or burn it for fuel.

In general be very wise about anything you spend your hard earned money on.

People aren't spending their money on gold. Gold is money.

When is the last time that anyone has ever bartered with gold? The 19th century? I think that toilet paper would be a much better candidate for currency than gold.

I'm sure someone somewhere bartered with gold today. Iran has been selling oil for gold and buying wheat with gold recently. You do realize that until 1971 the US Dollar was redeemable in gold (to foreign banks)?

Also, toilet paper makes a horrible currency. It's incredibly bulky. I'm going out, I'd like to buy a jacket, fill up with gas, and get some food for the family. I think 4 giant boxes of toilet paper should do it.

Then you wouldn't be hungry would you? You're changing the conditionals. IE; The Lehites in the wilderness had no use for gold. All the gold in the world wouldn't have helped. Food on the other hand was very valuable.

Gold and paper are just mediums of exchange and are of no intrinsic value. If I could take a bushel of gold down to my local food store and they wouldn't take it. It is of no value to them until they exchange it for paper money, or in today's economy blips on a computer screen.

First, the gold would have been useful to them because there were traders on the trails they traveled on. The Lord on the other hand wanted them to rely on him.

Second, human beings have intrinsic value. Other things such as food, water and gold have subjective value.

Third, gold has been money for thousands of years. If someone won't trade you food for a "bushel of gold", then someone else will.

It has never been worthless, but it has been over a hundred years since it has been useful as currency. In emergency conditions, it would be a horrible currency, because its value is artificial and it isn't useful except as ornamentation, which is the last thing on people's mind during an emergency. Its only usefulness is in the expectation that after the disaster, it can be exchanged for cash. If cash is not useful as a currency during some disaster, then gold won't be either.

It has not been over a hundred years. Only 40 years ago did the US Dollar stop being redeemable in gold (to foreign banks). When you think of the stuff that happened in the last hundred years, most of it was with gold-backed money (moon landing, ww2, ww1, etc).

Also, again, value is subjective. For thousands of years gold has been valued by people all over the world and accepted in exchange for goods during disasters.

If for some reason the U.S. dollar were to experience hyperinflation (fat chance of that happening--that's why we have the Federal Reserve) all you need to do is convert your money to Euros. Or if Euros are in bad shape, buy Swiss francs. No need to go out and buy gold coins, which you probably could not effectively barter with in a crisis, anyway.

The Federal Reserve is not there to prevent hyperinflation. It was founded in 1913 and you'll notice that we had a century of deflation prior to its founding.

Also, the people claiming there will be hyperinflation are not claiming it will happen despite the Fed, but *because* of the Fed. Hyperinflation doesn't happen because the central bank does nothing. It happens because of the central bank.

Also, if the USD had hyperinflation its unlikely that everyone would be like "I just lost tons of my purchasing power in US fiat money, I know, let me use what I have left to buy European fiat money!"

[Cobalt-70]

Also, toilet paper makes a horrible currency. It's incredibly bulky. I'm going out, I'd like to buy a jacket, fill up with gas, and get some food for the family. I think 4 giant boxes of toilet paper should do it.

If it gets to the point that cash is no longer currency, then we're basically talking about a zombie apocalypse scenario. If the convenience store is filled with zombies, you just break in, shoot all the zombies in the head, and take the groceries. But then when you have to barter with other non-zombie humans, toilet paper will be a luxury. Nobody will want gold, though. Haven't you ever watched The Walking Dead?

Also, the people claiming there will be hyperinflation are not claiming it will happen despite the Fed, but *because* of the Fed. Hyperinflation doesn't happen because the central bank does nothing. It happens because of the central bank.

Short of some far-fetched treasonous plot for the Fed. to intentionally run the economy into the ground, there is pretty much no way for hyperinflation to happen.

[lithpblithh]

If it gets to the point that cash is no longer currency, then we're basically talking about a zombie apocalypse scenario. If the convenience store is filled with zombies, you just break in, shoot all the zombies in the head, and take the groceries. But then when you have to barter with other non-zombie humans, toilet paper will be a luxury. Nobody will want gold, though. Haven't you ever watched The Walking Dead?

Short of some far-fetched treasonous plot for the Fed. to intentionally run the economy into the ground, there is pretty much no way for hyperinflation to happen.

Throughout history almost all paper currencies have become worthless. In fact, the US has already gone through two such cases, the Continental and the Greenback, which lost most of their value in only a few years. The FRN is not yet worthless but it has lost 98% of its original value.

Outside the US there have been many more instances of fiat money hyperinflation, many of them with central banks. I'm not aware of any currency collapses having been the result of zombies, so obviously when you say that's the only way it can happen you display both your lack of imagination and your unfamiliarity with history.

Your last sentence is nonsense. Many people have outlined scenarios that can lead to hyperinflation in the US that do not involve conspiracy theories, treason, or an intention to destroy the economy.

And yes, I like The Walking Dead, but it doesn't form the basis of my understanding of economics.

[thesometimesaint]

People aren't spending their money on gold. Gold is money.

I'm sure someone somewhere bartered with gold today. Iran has been selling oil for gold and buying wheat with gold recently. You do realize that until 1971 the US Dollar was redeemable in gold (to foreign banks)?

Also, toilet paper makes a horrible currency. It's incredibly bulky. I'm going out, I'd like to buy a jacket, fill up with gas, and get some food for the family. I think 4 giant boxes of toilet paper should do it.

First, the gold would have been useful to them because there were traders on the trails they traveled on. The Lord on the other hand wanted them to rely on him.

Second, human beings have intrinsic value. Other things such as food, water and gold have subjective value.

Third, gold has been money for thousands of years. If someone won't trade you food for a "bushel of gold", then someone else will.

It has not been over a hundred years. Only 40 years ago did the US Dollar stop being redeemable in gold (to foreign banks). When you think of the stuff that happened in the last hundred years, most of it was with gold-backed money (moon landing, ww2, ww1, etc).

Also, again, value is subjective. For thousands of years gold has been valued by people all over the world and accepted in exchange for goods during disasters.

The Federal Reserve is not there to prevent hyperinflation. It was founded in 1913 and you'll notice that we had a century of deflation prior to its founding.

Also, the people claiming there will be hyperinflation are not claiming it will happen despite the Fed, but *because* of the Fed. Hyperinflation doesn't happen because the central bank does nothing. It happens because of the central bank.

Also, if the USD had hyperinflation its unlikely that everyone would be like "I just lost tons of my purchasing power in US fiat money, I know, let me use what I have left to buy European fiat money!"

You are just exchanging one medium of exchange for another. It could clam shells for wampum. It really doesn't matter as long as the two parties agree each has value.

More "money" is exchanged in the form of electronic blips than all the precious metals and paper money combined.

I never said money wasn't useful. I can pull my credit card out of my wallet and pay for all those things and more anytime I want. In fact I seldom carry more than $10 cash. I haven't gotten a physical paycheck let alone cash as pay for over 3 decades now. It is all electronic funds transferred.

Money wasn't useful to them. A good bow was. God could have just given them Manna from Heaven, built them a boat, or magically teleported them to the New World if he really wanted them dependent. But for some odd reason he didn't. Just maybe God wants us to expend our best efforts too.

Human beings, and other living things, are the only things that have any intrinsic value. Happiness is a warm puppy. Everything else is subjective and subject to the laws of supply and demand. Like I said if you have all the gold in the world and I have all the food. You're in deep dodo if you get hungry and I don't want your gold. Moreover I can live a longer time without your gold.

I've never denied the usefulness of money. But the fact remains money whether it be in the form of clam shells, cocoa beans, brightly colored beads, rare metals, paper, plastic, or what have you, are just a means of exchange for goods and services and are of no intrinsic value. We both have to agree on their subjective value for any trade to happen.

The Federal Reserve is there to prevent both hyper inflation, and deflation/depression. Fact is that most people prefer a modest rate of inflation. Most of us don't want to work for the exact rate of pay for very long. I'm retired and I still like to see a rise in my C.O.L.A.

The US has never experienced hyperinflation as exemplified by the Wiemar Republic, and more recently by Zimbabwe. I have a $100 Trillion note and it won't buy a loaf of bread in Zimbabwe. We have a problem of deflation right now and if left unchecked will destroy this country.

Please send me all the Euros you have. I promise I'll use them wisely.

Edited November 1, 2012 by thesometimesaint

[Bill “Papa” Lee]

People aren't spending their money on gold. Gold is money.

I think the point is putting trust in something other than God...cannot eat money or gold. If a man has only one sandwich, he will not sell it for Fort Knox. Yes we should be prepared, but Spiritual Planning trumpts all other type. If we are not Spiritually prepared, nothing else will matter so much, death and judgement will come to all, time is the only difference.

[ERayR]

People aren't spending their money on gold. Gold is money.

I'm sure someone somewhere bartered with gold today. Iran has been selling oil for gold and buying wheat with gold recently. You do realize that until 1971 the US Dollar was redeemable in gold (to foreign banks)?

Also, toilet paper makes a horrible currency. It's incredibly bulky. I'm going out, I'd like to buy a jacket, fill up with gas, and get some food for the family. I think 4 giant boxes of toilet paper should do it.

First, the gold would have been useful to them because there were traders on the trails they traveled on. The Lord on the other hand wanted them to rely on him.

Second, human beings have intrinsic value. Other things such as food, water and gold have subjective value.

Third, gold has been money for thousands of years. If someone won't trade you food for a "bushel of gold", then someone else will.

It has not been over a hundred years. Only 40 years ago did the US Dollar stop being redeemable in gold (to foreign banks). When you think of the stuff that happened in the last hundred years, most of it was with gold-backed money (moon landing, ww2, ww1, etc).

Also, again, value is subjective. For thousands of years gold has been valued by people all over the world and accepted in exchange for goods during disasters.

The Federal Reserve is not there to prevent hyperinflation. It was founded in 1913 and you'll notice that we had a century of deflation prior to its founding.

Also, the people claiming there will be hyperinflation are not claiming it will happen despite the Fed, but *because* of the Fed. Hyperinflation doesn't happen because the central bank does nothing. It happens because of the central bank.

Also, if the USD had hyperinflation its unlikely that everyone would be like "I just lost tons of my purchasing power in US fiat money, I know, let me use what I have left to buy European fiat money!"

You are arguing with the liberal economic monetary understanding. If you need more money just print more. There seems to be no understanding that something must have some value either true value within itself or intrinsic value. Paper money only has value because of the full faith and credit of the issuing entity. When there is no longer any faith in the issuer it become worthless. Gold has some true value because of its other uses in manufacturing and for jewelry and adornment. Gold has always had some true value.

Edited November 1, 2012 by ERayR

[Cobalt-70]

You are arguing with the liberal economic monetary understanding. If you need more money just print more. There seems to be no understanding that something must have some value either true value within itself or intrinsic value. Paper money only has value because of the full faith and credit of the issuing entity. When there is no longer any faith in the issuer it become worthless. Gold has some true value because of its other uses in manufacturing and for jewelry and adornment. Gold has always had some true value.

The value of gold is just as socially constructed as the value of currency. In a zombie apocalypse situation, the value of gold will be almost zero. Bullets and toilet paper will be expensive--gold will be cheap. If you are buying gold now, when the zombies come you will be losing everything.