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Bought my first gram of gold today

Posted by Zach055 10 years ago to The Gulch: General
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I have been on this site for a long time, but only a few days ago I decided to buy one gram of gold. This is the first time I have ever bought gold and it arrived in the mail today. I know that one gram is a very small amount, but I wanted to start small and build up my collection. I just thought I'd share this with everyone on the Gulch.


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  • Posted by Wanderer 10 years ago in reply to this comment.
    EWV;

    So you think the government or marketeers are going to harm Zach because he bought a gram of gold? Think he's up for an IRS audit or a flood of gold adverts because an unknown flesh and blood person using the digital ID "Zach055" told us he bought a gram of gold?
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  • Posted by ewv 10 years ago in reply to this comment.
    Digital life is what is monitored through the government mass surveillance and for the marketeers' "Big Data" tracking and sale of other peoples' privacy. Look at all the tracking sites leeching off galtsgulchonline (e.g. look with firefox plugins noscript or collusion). This is especially dangerous with a government that says the Tea Party is "terrorists" and who think Ayn Rand wrote books about "blowing up buildings".
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  • Posted by $ Abaco 10 years ago in reply to this comment.
    Well...it's up for debate. In recent history (Pol Pot) gold really helped sustain life for many families because they were able to buy food or services (even from the government officials) with little bits of gold. But, at that point the population had been unarmed, too. But, I agree that guns and ammo will be key if the SHTF. But, I don't think it's fair to equate the purchase of gold automatically with preppers.
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  • Posted by $ TomB666 10 years ago
    Good for you! According to the most recent "Liberty's Outlook" newsletter, the US Dollar has lost 98.3% of its value since the creation of the
    Federal Reserve. Long term the trend is in favor of gold,
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  • Posted by salta 10 years ago
    Good move, Zach. Keep it up!
    The only thing I would say, just be careful not to get too attached to the "story" around gold (risks of hyper inflation, etc). You need to have an exit strategy otherwise the gold just becomes a curiosity. Decide how high the price can go to make you sell and take your profit, and also (possibly more important as a mental exercise) how low the price would go to make you decide it was a bad idea and sell.
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  • Posted by Robbie53024 10 years ago in reply to this comment.
    Well, when your greenbacks won't buy a can of beans, perhaps those pretty rocks might come in handy.
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  • Posted by BrettScott 10 years ago in reply to this comment.
    I'm with you. I assume people convert cash to gold because gold is less volatile. But, if the SHTF then the most valuable items will be those that preserve or end life (food, medicine, ammo). Forgive my ignorance, but what good is a soft, pretty rock at that point?
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  • Posted by Wanderer 10 years ago in reply to this comment.
    Zach;

    I don't think you need to worry about people in your digital life, it's the people in your real life who will tell people you don't know, who will break in and trash your house trying to find the rumored million dollars worth of gold you have squirreled away.
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