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Old 08-22-2011, 07:04 PM   #1
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Default Buying Gold?

I've seen a lot of advertisements lately, advertising gold for sale as an investment. So what do you guys think? Is this a good investment? Honestly, I don't consider the dollar as a good investment even in the bank. I know our government insures it, but with the mess they've made with everything else, is it still safe?
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Old 08-22-2011, 08:36 PM   #2
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No, I don't think the dollar is safe, and no I don't think gold or silver are safe and here's why. Due to some new laws it is illegal to physically possess actual gold or silver...all you get is a piece of paper. Paper is worthless, gold is worthless unless you can physically lay your hands on it. If you want to invest in something right now, I would suggest stocking up on food and household supplies as a hedge against the inflation that is right around the corner.
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Old 08-29-2011, 10:30 AM   #3
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I have got to agreewith friendlygal on this one. If you want to invest in something right now I would strongly suggest food and other essentials. Been to the grocery store lately? Food prices are already rising rapidly, and economists are predicting that they will be much higher by early in 2012.
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Old 08-29-2011, 08:16 PM   #4
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I totally agree with stocking up on essentials. I usually buy quite a bit of flour and sugar when I buy and make sure I store it in plastic buckets. That's why I was so very surprised that prices had climbed so much!
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Old 08-31-2011, 10:39 AM   #5
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I strongly reccomend that everyone start stocking up on essentials. Every family should have at least a month's worth of food, water, medicines, and household supplies. You never know what may happen, and at least that way you have a built in safety net. Our power bills have been so high this summer, that quite a few weeks we spent less than $50 on diapers and groceries. Without our put back supplies we would have been hungry.
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