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Old 10-15-2010, 06:23 AM   #35
Rifleman
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I have several gold coins in a deposit box. Bought them a few summers ago at about $1200 per oz. The thing that gets me though, is you're betting on some bad sh!+ going down. If gold doubles, it's great for my gold, but it usually means people have lost a lot of faith in the dollar and are hedging against it.

I'm not sure how much it would buy you if civilization collapsed. For that, I also have a collection of silver coins. It's a lot easier to barter in $25 denominations than it is in $1200 coins.

I had to buy the silver coins from a collector, however. I tried to buy it from Royal Bank, but they said at that time it was a very static market (not exact words) and the price stayed the same for long periods of time, so they didn't deal in silver.
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