Bought some goodies from Kitco

[canuckmedic]

1 oz. Gold Maple Leaf
964.98
2.000
1,929.96


Kitco ChipGold 1gr
35.58
10.000
355.80


Kitco ChipGold 5 gr
159.80
3.000
479.40


1 oz. Silver Eagle
19.04
10.000
190.40


Total Product: 2,955.56


This is entirely a "Just in case things go boom and the Lord doesn't come back first" type of purchase, meant to keep my family fed if there's hyperinflation and some kind of global economic armageddon...

I wish I could buy more:(

[jds6958]

1 oz. Gold Maple Leaf
964.98
2.000
1,929.96


Kitco ChipGold 1gr
35.58
10.000
355.80


Kitco ChipGold 5 gr
159.80
3.000
479.40


1 oz. Silver Eagle
19.04
10.000
190.40


Total Product: 2,955.56


This is entirely a "Just in case things go boom and the Lord doesn't come back first" type of purchase, meant to keep my family fed if there's hyperinflation and some kind of global economic armageddon...


I wish I could buy more:(

congrats, PM's are certainly better than holding the USD...and with inflation at least 10-13% this year (if not much more) there are few if any other places to store your purchasing power at the moment.

Stocks should continue to keep going down, unless the Fed destroys the dollar more to inflate the markets (likely) which will help gold anyways.

Most other currencies are debasing as well as they are all rushing to print more money and make rate cuts, so other currencies should not be considered a good option for purchasing power sustainability.

[canuckmedic]

So there's really nowhere else I can put my money? Bonds? Is there any reason to do anything but buy gold in the current economic situation? I certainly am leary of mutual funds, which we bought a mess of last year:(

I'm seriously considering scratching up some more cash for a few thousand dollars worth of gold/silver.

[jds6958]

So there's really nowhere else I can put my money? Bonds? Is there any reason to do anything but buy gold in the current economic situation? I certainly am leary of mutual funds, which we bought a mess of last year:(

I'm seriously considering scratching up some more cash for a few thousand dollars worth of gold/silver.

We are in agreement on mutual funds. I would hesitate on bonds. To me, PM's, mainly gold and silver are the only safe plays right now until stability is reached in the financial sector. The Fed is also in a rather comprimised position. However this is only my opinion and is based on how I have reacted to current conditions. If you decide to invest in more PM's, make sure to consult others or invest in some research/DD.

If there are items you expect to need for daily living within the next five years then now may also be a good time to purchase them, as they will only become more expensive with current inflationary solutions offered by the Fed. This could be food or imported items...etc.

[canuckmedic]

Right, we're going to definately be stocking up on food too...

[can4christ]

1 oz. Gold Maple Leaf
964.98
2.000
1,929.96


Kitco ChipGold 1gr
35.58
10.000
355.80


Kitco ChipGold 5 gr
159.80
3.000
479.40


1 oz. Silver Eagle
19.04
10.000
190.40


Total Product: 2,955.56


This is entirely a "Just in case things go boom and the Lord doesn't come back first" type of purchase, meant to keep my family fed if there's hyperinflation and some kind of global economic armageddon...

I wish I could buy more:(



Kitco is great fro information on gold but they are a little pricey. Check this site out. At the time of this posting Kitco is selling 1oz. Eagle for $961.10
AJPM is selling it for $939.00.

http://www.ajpm.com/htbin/gold.cgi