coin talk #2

I also accumulate the 40% halves when I can find them at the bank, but after accumulating enough I will sell them locally (usually through craigslist), then purchase 90%. Less room and more readily accepted than the 40% halves

Originally Posted by wayne1956

I also accumulate the 40% halves when I can find them at the bank, but after accumulating enough I will sell them locally (usually through craigslist), then purchase 90%. Less room and more readily accepted than the 40% halves

good answer, and that is why i primarily buy gold now, the sliver takes up too much room, the gold is for my retirement, the kids/grandkids can duke it out for the bulk of my collection

Originally Posted by jghilino

good answer, and that is why i primarily buy gold now, the sliver takes up too much room, the gold is for my retirement, the kids/grandkids can duke it out for the bulk of my collection

You are not worried about the last gold collapse that left Krugerands holders still under water even now?

Originally Posted by unknownk

You are not worried about the last gold collapse that left Krugerands holders still under water even now?

not worried, we bought rolls of krugerands back in the 90's , i dont think i am underwater on them unless gold is less than $300 an ounce? what are you talking about?

I am talking about the last peak gold (1980's) when everybody was buying and are still under water.

Gold?s next hurdle is 1980?s inflation-adjusted peak - MarketWatch

$875 in 1980, equivalent to $2319 in 2010 dollars. I purchased gold back when it was $350 ish and nobody wanted it, buying in now is kind of insane.

I don't think the ultra rich invest much in gold, they own companies that make them money (and they own governments to bail them out if the invest badly). The middle class are the ones who have some money and don't want to lose it (they don't have enough cash to have controlling interest in companies and stocks are pretty much a ponzi scheme). The poor could care less about inflation because their whole existance is spending all they make and whole industries are tied to pricing things the poor can afford (plus inflation makes their debt easier to pay off or simple default on). The middle class is going to fall apart soon enough so I don't see commodities doing that well down the road, eventually they will need the cash and there will be fewer buyers out there for it.

Most of the tech advances in the world were paid for by governments fighting wars or trying to keep ahead of the other countries. Most of that pure science R&D that started the microchip which eventually powers everything we use isn't going on anymore. The whole chip industry was started to build ICBM controls, going to the moon was funded for intercontinental ballsitic missile tech. These days all the cool gadgets are just off the shelf stuff with custom programming, nothing that will cause another wave of industrialization and wealth creation. What was the last tech company that actually had grounbreaking tech? These days its all facebook and Google type IPOs that don't create anything of value.

"You promised me Mars Colonies and instead I got Facebook" Buzz Aldrin on Why we stopped solving big problems

"A world population of more than seven billion people is growing rapidly, consuming the limited resources of our planet at an unsustainable rate while we also create environmental distress that may adversely affect our future viability on Earth. We now have a clear choice—to compete for the diminishing resources remaining on Earth (a closed system) or to coöperate in the exploitation of the limitless resources and opportunities evident in space (an open and expansive system). To me the choice is an obvious one"

Buzz Aldrin » MIT Techology Review: The Imperative to Explore