Gold!

[Grunter]

Well,this has had more interest than i thought.
I can see gnole's point that small bits of gold would be hard to barter and agree that there are other items that people may want and be willing to trade rather than gold.
I still think that gold long term may be a good investement.Traditionally there has always been a market for gold and the price always increases in times of turmoil, hence it rising and rising since the current recession began in 2008 and usually drops back when the good times return.
What could me more turbulant than a proper SHTF scenario? I believe at times like this gold would be a strong investment to have and then sell back for cash when the situation began to normalise and my be an advantage over having hard cash which could devalue quickly. I, if I decided to take a punt would be looking long term but have read that over the next 12-18 months it is expected the gold overall will continue to rise albiet slower than recently.Appreciate all the comments

[the-gnole]

It will certainly depend greatly on what TSHTF situation is, it will also have to be easily transferable in ways apart from selling it (someone might take a huge chunk of commission for one thing) it isn't the sort of thing you can keep easily at home if you take insurance into account.

An ounce of gold is close to £1000 IIRC

it measures 42mm X 24mm X 2mm so not very big and easily stored, but at what cost if it goes missing, and there are places that can make it "disappear" quite easily IYKWIM.

If you lock it up in the bank

In a safety deposit box

ITSHTF you don't have it

[TeeDee]

I know this thread has been mostly discussing Gold , but also consider Silver.

[the-gnole]

I know this thread has been mostly discussing Gold , but also consider Silver.

Or indeed Platinum at $50,000 an ounce

[TeeDee]

I know this thread has been mostly discussing Gold , but also consider Silver.

Or indeed Platinum at $50,000 an ounce

?????
Platinum
http://www.kitco.com/scripts/hist_chart ... graphs.plx

http://www.guernseymint.com/shop/platin ... /c-23/c-71

Not $50 000


Anyway , I suggested Silver as its possible to secure Silver at around £20-£30 an Ounce , and so makes it more tangible for the average man looking for an alternative investment.

http://www.guernseymint.com/shop/silver-coins/c-23/c-74

[skippy]

I think the gold question depends on what you are prepping for ....... If you are prepping for the end of the world then by all means stock up on Bullets and beans. However the majority of senarios involve the short to medium term when there could be a lack of trust in the banks or inflation at high levels whatever the root cause of the senario.
In that case silver or gold represent a hedge fund, a way of storing tangible assets which will not be affected by the rise and rise of fiat currency.
if you can afford gold then go for it ... however I recommend looking at silver. Old silver 99% coins can be bought for as little as £10.00 and you can tailor the spend to suit your pocket.

It would be prudent to put in place the more easily benificial assets such as food "fire" and water first

Skippy

[the-gnole]

I know this thread has been mostly discussing Gold , but also consider Silver.

Or indeed Platinum at $50,000 an ounce

?????
Platinum
http://www.kitco.com/scripts/hist_chart ... graphs.plx

http://www.guernseymint.com/shop/platin ... /c-23/c-71

Not $50 000




Anyway , I suggested Silver as its possible to secure Silver at around £20-£30 an Ounce , and so makes it more tangible for the average man looking for an alternative investment.

http://www.guernseymint.com/shop/silver-coins/c-23/c-74

Kg two years ago

[the-gnole]

I like the idea of Silver though, ingots is the best way though, Jewellery is more money for the craftsmanship involved. Old coins are worth looking for as well

[TeeDee]

I know of someone ( not me ) who has opted out of putting monthly money into a FIAT based pension fund and now purchases £80-£100 of silver coins every month as an alternative to what the rest of society are doing.

Only time will tell if thats a better move or not but how many pension funds or endownments don't quite meet our expectations when they come to term?

I think the point I'm making is that I don't consider alternative investment has to be ONLY WTSHTF.

Does anyone else feel this way ?

[skippy]

I think the point I'm making is that I don't consider alternative investment has to be ONLY WTSHTF.

Does anyone else feel this way ?

Yes me.....

i also put money each month into silver