Gold Bugging

[rose-colored-coolaid]

[biliruben]

[Jazen]

[rose-colored-coolaid]

[rose-colored-coolaid]

[biliruben]

[rose-colored-coolaid]

[perplexd]

[Jazen]

[rose-colored-coolaid]

[biliruben]

[perplexd]

Yeah, I guess it isn't quite that easy: the bank won't take gold directly (though the owner of the home might and then who needs a banker?), but I usually go to one of the serveral dealers in town and bring 1-3k at a time and leave with some gold and silver.

So, then you could go to the bank.

Basically, this is my 401(k) plan because I can't possibly imagine hitting the housing bust, peak oil, dollar collapse, the boomer generation retirement, social security's death, bird flu or some outbreak, China's coming economic dominance, plus whatever we don't already know is coming! -- I don't see how we get to 2035, when I turn 65, without a major economic crisis that wipes out traditional 401(k) plans.

I must admit I've never sold any metal, but the guys I buy from tell me where theirs comes from sometimes. Often estate sales and such. It is pretty easy to trade and in Washington there is no sales tax on bullion trading. I suspect you can probably get paid cash when you sell until you get to a certain point -- but depends where you go, too. I go to northgate sometimes, and there is a place up north called westgate gold in edmonds that I used to go to a lot before I moved. Have not bought any since spring -- waiting for the big credit unwind to take metals down with it.

Have not heard of Pecunix until now, but I'm not into the digital side so that's not very meaningful.

Jazen, the guns aren't worthless if I can find your above ground compound, so keep waiting and not digging.

[Jazen]

I don't own any guns nor do I think the sky is falling, hence no compound.
Sorry.

[perplexd]

No worries. When/if the sky does fall, we'll settle for whatever you have.

[Jazen]