Buy gold inside an RRSP? Or just buying gold in general..

[Slava]

Originally Posted by moncton golden flames

your ring will be used for barter. it will have a great value and might allow you to get those chickens or some ammo.

Or get me shot on the way to try to barter?

What do you do with a gold bar? Shave it down at the grocery store?

[moncton golden flames]

Originally Posted by Slava

Or get me shot on the way to try to barter?

What do you do with a gold bar? Shave it down at the grocery store?

in my opinion, don't buy a large gold bar! sure, it's a slightly better value per ounce, but smaller ingots or coins are easy to move if you need to and don't require shaving.

[V]

What's so special about the historical ratio of gold to silver that you feel it has any bearing on the future?

[moncton golden flames]

Originally Posted by V

What's so special about the historical ratio of gold to silver that you feel it has any bearing on the future?

the ultimate goal is simply to increase the number of ounces of gold held, without any real regard for price. For example, let's say the gold/silver ratio is currently at 60, but I think it's going to 30. I can then sell one ounce of gold for 60 ounces of silver, and when the ratio hits 30, I can use my 60 ounces of silver to buy two ounces of gold. Voila! I have doubled my physical gold holdings. as the ratio goes back in favour of gold, buy more silver and start the process over again.

[Sliver]

I think if you're going to be a survivalist nut you should just stick to worrying about your fortified compound and weapons cashe. A can of spam will be worth more than gold one day, anyway.

[Clarkey]

It's artificially inflated by every Thom, Dyck and Hari buying it on speculation.

[moncton golden flames]

Originally Posted by Sliver

I think if you're going to be a survivalist nut you should just stick to worrying about your fortified compound and weapons cashe. A can of spam will be worth more than gold one day, anyway.

i know the point you're trying to make, and i don't agree with it. the financial system is hurting, badly, but will be propped up by the powers that be for as long as possible. i'm just trying to cash in on it while there is still a chance.

[moncton golden flames]

Originally Posted by Clarkey

It's artificially inflated by every Thom, Dyck and Hari buying it on speculation.

then thom, dyck & hari are buying for the wrong reasons.

[RougeUnderoos]

Originally Posted by moncton golden flames

i know the point you're trying to make, and i don't agree with it. the financial system is hurting, badly, but will be propped up by the powers that be for as long as possible. i'm just trying to cash in on it while there is still a chance.

If the financial system collapses, what good will gold really be to me?

Other posters have mentioned that shotguns, poultry and fortified compounds will be more valuable, and I don't really see how that can be wrong.

If the whole system collapses, what am I going to do with physical gold? I can't eat it, plant it, or defend myself with it.

Neither can anyone else, so I don't see why they'd want to trade me any of those things (food, self-defense, fine lodgings) for gold.

I know Mel Gibson is not infallible, but in those Mad Max movies gasoline, leather outfits, chain mail and steel boomerangs seemed plausibly valuable. Gold, not so much.

[moncton golden flames]

Originally Posted by RougeUnderoos

If the financial system collapses, what good will gold really be to me?

Other posters have mentioned that shotguns, poultry and fortified compounds will be more valuable, and I don't really see how that can be wrong.

If the whole system collapses, what am I going to do with physical gold? I can't eat it, plant it, or defend myself with it.

Neither can anyone else, so I don't see why they'd want to trade me any of those things (food, self-defense, fine lodgings) for gold.

I know Mel Gibson is not infallible, but in those Mad Max movies gasoline, leather outfits, chain mail and steel boomerangs seemed plausibly valuable. Gold, not so much.

then you will be comforted by the fact that i am heavy into seed saving, growing food and could walk out the door right now with a backpack and survive outdoors for as long as i need. gold and silver are an interim wealth preservation if sh*t doesn't hit the fan that badly or it doesn't happen for a while. in other words, i'm hedging all my bets.

[RougeUnderoos]

Originally Posted by moncton golden flames

then you will be comforted by the fact that i am heavy into seed saving, growing food and could walk out the door right now with a backpack and survive outdoors for as long as i need. gold and silver are an interim wealth preservation if sh*t doesn't hit the fan that badly or it doesn't happen for a while. in other words, i'm hedging all my bets.

Oddly enough I'm not comforted by that. But not discomforted either, which may comfort you.

But the rest makes sense -- you are loading up on something that apparently won't fail, in case the whole world doesn't collapse. Fair enough.

[K1LLswitch]

Fellow Survivalblog readers on CP? Awesome!

[Hack&Lube]

The only reason I think about survival scenarios is to prepare my Zombie bug out kit. Silver will be good if the world gets taken over by Vampires though.

[Flames89]

- The usefulness of silver is also its weakness. It will tend to trade like a base metal at times.

[Rifleman]

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.

[Sliver]

Do you guys know something I don't know? If s**t hits the fan, what good are gold coins going to do you?

I understand how they can be advantageous in a rocky economy, but not in a near apocalypse. It seems like you guys think paper/electronic money will be useless, but gold or silver coins will somehow have value if society collapses. Why do you think that? It seems to me like buttons will have just as much value in a worst-case-scenario situation.

Weapons, food, water, fuel and medicine would probably be the most valuable commodities I would think.

[moncton golden flames]

Originally Posted by K1LLswitch

Fellow Survivalblog readers on CP? Awesome!

never heard of it, maybe i should check it out.

[macker]

Originally Posted by Sliver

Do you guys know something I don't know? If s**t hits the fan, what good are gold coins going to do you?

Weapons, food, water, fuel and medicine would probably be the most valuable commodities I would think.

Can't help but think about this song when reading this thread http://www.songmeanings.net/songs/vi...2107858753764/
I agree that anyone using gold as their doomsday trade at least need to put food/ag, water, and healthcare etc. in their precarious portfolio. Chances are if you are overly bullish on gold you have a very negative outlook and may be underestimating things.....eventually these currency wars will work themselves out and gold is simply a hedge until that happens. Don't overestimate it as some of the doomsday "experts" such as Roubini, Schiff, El-Erian who have been talking this book for the last 5 years....It is October but things aren't that bad this year actually...

[moncton golden flames]

Originally Posted by Sliver

Do you guys know something I don't know? If s**t hits the fan, what good are gold coins going to do you?

I understand how they can be advantageous in a rocky economy, but not in a near apocalypse. It seems like you guys think paper/electronic money will be useless, but gold or silver coins will somehow have value if society collapses. Why do you think that? It seems to me like buttons will have just as much value in a worst-case-scenario situation.

Weapons, food, water, fuel and medicine would probably be the most valuable commodities I would think.

like i said earlier, gold and silver coins may not be worth much if there is an apocalyptic-like event other than being a worldwide accepted medium of value, which could be used for barter.

if you think we know something you don't, then maybe do some research into the global, debt based financial system. there are always 2 sides to a story, the one the government and media tell you and the side of the alarmists. i think the fundamentals are closer to the alarmist side.

[Ace]

bump...is Questrade still the best option to buy gold inside an RSP?