Right now that isn't a bad bet.

Yes. Don't remember which President (want to say FDR or Wilson) authorized a forced-buyback provision on gold minted after a certain date. If your gold comes in coins or bullion after that cut-off date (see http://en.wikipedia.org/wiki/Executive_O... for more) you basically get shafted (pun intended).

If you want to hold gold as an investment, be aware of these provisions. If you are going to hold the physical metal for a crash, you would do well to understand the attitudes of local law enforcement and whether or not they would take orders from the Feds...

Some favorite mining stocks: Great Panther Silver (silver, gold, lead, zinc, Mexico), Comstock Mining (Nevada, silver, gold), Pretium Resources (gold, British Columbia), Richmont Gold (Quebec, Ontario), Hecla (Alaska, Idaho, silver, gold). These are all a species of growth stock with explosive upside potentials. Due diligence as usual. Great Panther sells their silver in rounds or bars retail. MeritGold.com is a good vendor. So is Kitco.com.

No, it will mean that nobody will go searching for wrecks and their potential valuables, because they'd have to 'share the wealth' with the 'entire world.'

Lots of incentive there, dontchathink? :)

Sort of like those seafloor nodules some decade or two ago? Super-valuable until legal beagles found that their recovery value had to be shared with every nation... they vanished from the news almost immediately.

Go Kerry! Screw up yet another market!

On the various mining forums I belong to I do sell items, which is allowed. Belong to three forums which are specifically for selling mining items. The readers here are not buyers of the things I sell. This forum would be a very bad niche to try to sell to. I rarely read the forum or stop by and have not been a frequent or busy poster.

Some readers have interest in buying AU, AG and having trouble getting them. Some tips on where to go. Some have interest in mining stocks. One buys silver rounds. Merit has best prices on these. There is a category for those who want to sell something on the forum, and one for buyer or wants. This isn't selling. If I wanted to sell I would post under items to sell category.

25% Minimum? You must be certain the dollar will collapse.

Very true. Ink on paper is only as valuable as we agree it is. The beauty of metals is they cannot be printed and they do not rot.

Thanks for the tip. Have written on fighting pirates in SE Asia, the Battle of Semporna, the rescue mission to save a beautiful SE Asian royal captured by pirates, the story of hold out British & Aussie soldiers in occupied Malaysia in WWII; a story about a HS football player turned Marine, love lost, love won in Viet Nam era. Took screen writing in Journalism. Got best grade in class. Prof said to go for it. Called me his best student in years. Draw on own experiences a lot. A general theme is courage as the first virtue. Sola Virtud Invicta.

Her reply wasn.'t to you lost. This is an interesting post. What are your screenplays about? Vinay here in the gulch is also a screeneriter and novelist. Check out The Frankenstein Candidate. He writes Alot about screenwriting aesthetics.

I know many mine owners both in our district and others. The adjoining mine is now in permitting to reopen. It will resemble something like seen on Gold Rush Alaska. Only much richer. Some gravel runs $100 yard. Dakota Fred and Parker Schnabel would love to get it. Their stuff is what we call tailings! It is in a remote and rugged region, lost and forgotten in time.

Cool reply. Actually our mine is an open pit.

When it hits $100 it won't really matter which you did!

Recommend a minimum of 25%. Most will lose 75% of wealth, some all. Depends how much you want to come out ahead.

You can neither eat nor drink gold. It has value only in a civilization, or in a society that has contact with a civilization.

Jan

I dunno, the Hunt Brothers have extra wealth again, and they never struck me as the type to easily learn a hard lesson

Too many variables to know. I think 5% is low

If a real crash happens you will be able to buy the donut shop with a gold coin.

Thanks for the info. I have always been confused about whether or not precious 'stuff' (metals, gems) would be worth anything in a real crash. I do not know if I could buy the proverbial donut for a gold coin. I suspect he would trade one for a few eggs, though, or a bottle of beer.

If I ever muddle through my confusion on this topic, it is good to know that there is someone on this forum who is in on the 'cave floor' as it were.

Jan

My motivation to buy is insurance against paper currency. My Retirement funds have preformed well. However it is only ink on paper. The question is how much silver or gold should one own? I have heard 5% of your portfolio. What do you think?

my last buy was $23

Envy? It was a general comment.

That wasn't meant for you. Hey, don't go away lostsierra, precious metal discussions belong in the business forum. Also, I'm contemplating a precious metal purchase for my portfolio. Can you recommend any suppliers to us little guys? I've been getting emails from Northwest Territorial Mint and wonder if they are a reasonable way to go, or should I look in another direction like mining stocks?