your mind to another point of view. And if u haven’t thought threw the other side of the gold/dollar collapse issue, then you’re probably not that conscious of your own position and most likely not as secure of your own position as you might think. How much do you know about what factors are affecting the gold price and the movement in the dollar? If you can only repeat, like a trained parrot, the same talking points that the same talking head repeat over and over on the media…then you …
creative real estate investing
-
Recent Videos
- Warnings on Oil & Premium Real Estate
- How To Eliminate Your Rent Or Mortgage & Make Money Too!
- Real Estate Short Sales
- ‘How To’ - Make Money investing in Memphis real estate
- The Outlook for Real Estate Investment in 2010
- Autopilot Google Real Estate Marketing
- Real Estate Investors 2 How To Buy Notes Sell Notes Paper Short
- Real Estate Investing 101 - Real Estate Training - Ron legr
- Sell ANY House with seller financing!
- How to start a business flipping or wholesaling houses? What to do first?
- mortgage short sale training for loan officers
- Preforeclosure Investing Secrets Exposed! - Buying Notes is Key to Winning the Cash Flow Business
- Part 1 - Virtual Assistants & Real Estate Investing
- How to Flip Real Estate as a Master Wholesaler Vol 7 of 7
- Stay Put Produce the note Follow the law
Categories
- creative real estate investing
- fighting foreclosure
- flipping real estate
- foreclosures and short sales
- how much money can you make in real estate
- make money real estate
- making money in real estate
- making money real estate
- real estate auctions
- real estate investing
- real estate investing secrets
- real estate investment
- real estate investor
- real estate marketing
- short sales
{ 25 comments… read them below or add one }
Anonymous 11.26.09 at 11:12 pm
They are also very likely to have guns and food stored away. Gold owners will have many opportunities to sell their gold before a mad max type situation occurs where people will not even accept gold for basic essentials.
Small investors should be encouraged to convert cash into gold. If things get bad, a little gold and silver could pay a few extra bills or buy some extra supplies in a worsening environment.
Anonymous 11.26.09 at 11:12 pm
I think you are assuming that the social breakdown will happen in a very short period of time and gold owners will be stuck in a situation where they are hoarding gold and nothing else.
Actually, the small percentage of gold owners are people who more aware of the possible breakdown of the financial system. They are building networks of people who are researching potential future scenarios. They may have some gold when things go to hell.
Anonymous 11.26.09 at 11:12 pm
And you said how will we be able to trade with the most valuable commodity without the government and the big boys taking their share but just before you said that we won’t be able to trade with our gold.
Either a person can trade with gold and the government/gangs would want their share OR no one will take gold and thus rendering it as you said out of the market then the government/gangs would not take a share of my gold trading because no one will be accepting gold. Which one is it?
Anonymous 11.26.09 at 11:12 pm
BUT if your goal is acquire real estate during hyperinflation then I don’t think anyone would trade houses or land for cans of beans. So yes it would be unwise to store all your money in gold but if your objective is to acquire other non-survival assets (real estate which I currently cannot afford that’s why I’m saving so that I can buy a house) then yes gold would be a good store of value.
Anonymous 11.26.09 at 11:12 pm
If gold will not have any trading value or become currency(I believe it will not become currency itself but we will be returning to the gold standard), why would a gang or government want to take this asset which no one will accept for barter?
I would partially agree with you that turning ALL your savings into gold is NOT wise because as you said it will be too expensive for people to give you something in exchange (that’s why I invest in gold and silver).
Anonymous 11.26.09 at 11:12 pm
Cho, you don’t advice people to avoid getting gold when the dollar is falling.
-Sometimes I do…
watch?v=sBaPI2AKu2g
Anonymous 11.26.09 at 11:12 pm
Harry, what do you mean “the government OR some gang”… that’s redundant! lol.
Anonymous 11.26.09 at 11:12 pm
@mahavira108 Strength in numbers would be our greatest asset.
All that preparation aside, I think that an truly astute survivalist must have an eye on the Geo-Political ramifications that could take even the most ardent survivalist by surprise.
Events in The Middle-East should never get in under our radar, and IMO it represents the most clear and present danger to the world economy.
Anonymous 11.26.09 at 11:12 pm
metals for wealth retention (gold,silver) copper, wood, land, (raw materials) high end products weapons, machines, clothes.
trades, builders, farmers, carpenters, plummer s, merchants.
Anonymous 11.26.09 at 11:12 pm
Zimbabwe would be like armageddon for most of us. I think you are exactly right in that case.
Maybe a few silver dimes or other barter items would be safer. Gold would get you killed in a hurry.
Anonymous 11.26.09 at 11:12 pm
if china has billions of dollars, these can be exchanged for usa land which has more value than paper, you can grow on land, also build, paper is good for keeping warm.
Anonymous 11.26.09 at 11:12 pm
You are making the wrong assumption, if total anarchy set in having or not having gold will not matter. You will be at the same risk of dying since a loaf of bread will have the same value as you have.
Armageddon is most likley not comming, and even if it is what can you do about it? I donät advocate having much gold since food and shelter are more important but in this scenario you are talking about you will be robbed of this food also. No matter if you have gold or not!
Anonymous 11.26.09 at 11:12 pm
I doubt this, land is a diversed “commodity”. One piece of land is difefrent from the other, just having one acre tell you nothing of the value of this acre.
Anonymous 11.26.09 at 11:12 pm
Gold is a storage of wealth and WORK. Head of lettuce rots over time. Gold does not. The powerful people have gold. That has been done through history. You have a point. Confiscation, control and trading. the only thing I know for sure. I wished I would have boutht gold when it was 450 and hold it till now, I would be richand I would be able to buy all the BEST. But I didn’t and I regret it. Why do you think they called gold and credit cards? To fool us.
Anonymous 11.26.09 at 11:12 pm
for example, i went to wall mart today and bought cans of foos for 50 cents a can. spam is 2 bucks a can. i can rent a 4 bedroom 3 bath house for under 1,000. the dollar tanked a full % yesterday, yet these circumstances did not change. yet gold surged. the world is becoming a global marketplace, and there is in fact plenty of food production and housing/real estate available, but a legitimate trade unit for the international community is non existent; therefore gold is taking that role.
Anonymous 11.26.09 at 11:12 pm
What is the the international currency today? gold. gold can be traded for other INTERNATIONAL commodities, like oil, eventually not the dollar. the elites will HAVE to keep the food, oil, booze and housing (rents) down. and it is. basic essentials will be CHEAP; just like china. But if you want true assets, if you want real value that is not state controlled, int’l valued items, you will pay a much higher price. look at the dollar, then look at rents and food prices. they are NOT tied together.
Anonymous 11.26.09 at 11:12 pm
youre right if people dont come together we will be finished in such a scenario.
Anonymous 11.26.09 at 11:12 pm
Harry:
Good discussion. These are really important points that need to be taken into consideration and thanks for bringing them up. It seems that those who are aware enough to be buying gold and silver will hopefully be aware enough to be storing food, water, toilet paper and other essentials they will need to survive in such an environment and hopefully that would limit their exposure to the gathering centers run by either group of criminals: the gobment or the gangs.
Anonymous 11.26.09 at 11:12 pm
money is always king, until it has little value,then it is replaced with something which does have value, an important video i saw a week ago (not been able to find it ) says that because gold nor oil can safely back the gold, an automatic reserve for the dollar will be ,,,land, the banks have foreclosed on property all over the states and the government has taken over freddie mac, and fanny mae and so own all the foreclosures, this can back the dollar, clever eh?
Anonymous 11.26.09 at 11:12 pm
Like in the middles ages where people held so called coppers, silver and the very rich gold (large transactions) or traded locally a few eggs for flour. The baker that produced bread could just constantly accepts eggs from everyone. Also rich merchants had body guards the baker paid protection money to the lord all in all though not perfect the system worked although you have metals you still need to produce something people want to earn a living .
Anonymous 11.26.09 at 11:12 pm
Gold and silver are wealth protection and the rich will always use it to trade amongst themselves or to convert large amounts other goods and trade. I am not investing in metals to trade for food as with the rich merchants and gangsters in Zimbabwe who have a surplus of basic need items they will not trade food for food but will transfer their wealth to metals also caring lots of food or other to trade will be problematic so do you carry pebbles or shells or copper and silver coins or paper?
Anonymous 11.26.09 at 11:12 pm
Growby great job and very helpful debate and discussion.
Let me start by saying that I agree with you BUT from a different point of view. so let me explain.
First of all in my opinion the points you are forwarding are a general discussion on safety, trading, supply and demand and wealth protection and not really a debate about if you should own gold or not. Your point that owning gold is and will be rare so it makes you rich and a target could be applied to all other assets that are in demand.
Anonymous 11.26.09 at 11:12 pm
I would trade gold for guns, ammo, chelter a car or boat.
You could trade gold for services like that of a doctor or security.
The gov’t will be rendered helpless when this happens. They wont be able to control shit.
Life sistaining caluables will go up 150x in terms of the US dollar not in terms of gold. It will cost the same in gold and silver as it cost you to buy the gold and silver in the first place. Trust me there are plenty of assets that will be traded for gold & silver
Anonymous 11.26.09 at 11:12 pm
just because food, guns, ammo crossbows lol, water, milk, sugar will be good investments doesnt mean gold is a bad investment.
A house is a good investment but i have never heard anyone say it isnt because I cant trade it for milk.
This is totally NUTS. Nobody is talking about trading gold for milk. Gold is something that holds its value.
Gold would bartored for houses cars large purchases not a bagel and cream cheese you turd
Anonymous 11.26.09 at 11:12 pm
If you have gold, and inflation goes thru the roof. This is what you can do. Trade your gold for fiat currency, copper, silver, or tobacco and use those items to barter for consumer goods.