Can't eat gold.

John_Doe · May 21, 2011

Another argument against gold is that you can't eat it which is true but you don't have to eat it to benefit from it because like all investments timing is key. So the timing when gold will have the most value is the window of time after food stamps run out and the revolution ***** shape. Whether it be Ron Paul being elected as president and people detox from cheap credit or exercising the second amendment as food wouldn't be the only thing gold can buy then.

EDIT: don't know why the word got censored, maybe it's taboo to say getting without giving back here ;-)

gdtrader · May 21, 2011

this will work if farmers except payment in gold instead of dollars.

Gabfly1 · May 21, 2011

Quote from John_Doe:

Another argument against gold is that you can't eat it...

http://www.businessinsider.com/2009/1/rich-people-still-eating-gold

rew · May 22, 2011

Whenever somebody says that you can't eat gold I want to stuff his mouth with Federal Reserve Notes.

Random.Capital · May 22, 2011

Quote from John_Doe:

So the timing when gold will have the most value is the window of time after food stamp run out and the revolution ***** shape.

If thats our future path, Ron Paul will confiscate your gold long before we get to the food stamp stage.

Maverickz · May 22, 2011

The problem is if the "stuff" really does hit the fan, no one is going to want gold either.

In a post apocalyptic world three groups of people meet. The first group has a lot of gold and silver but nothing else. The second group has a lot of food and water but nothing else. The third group has lots of guns and ammo but nothing else. Which group do you want to be in?

BigSalad · May 22, 2011

You can't eat rocks either, but for some reason rocks are not considered a valuable commodity that can be exchanged for goods and services.

Random.Capital · May 22, 2011

Quote from Maverickz:

Which group do you want to be in?

The group that figures out it needs all three to survive.

rew · May 22, 2011

Quote from Random.Capital:

If thats our future path, Ron Paul will confiscate your gold long before we get to the food stamp stage.

Needless to say, Ron Paul is the one politician I can trust to <i>never</i> confiscate our gold.

Zr1Trader · May 22, 2011

Quote from Maverickz:

The problem is if the "stuff" really does hit the fan, no one is going to want gold either.

In a post apocalyptic world three groups of people meet. The first group has a lot of gold and silver but nothing else. The second group has a lot of food and water but nothing else. The third group has lots of guns and ammo but nothing else. Which group do you want to be in?

Spot on, in a "shit hit the fan" scenario. My brother in law has been stockpiling ammo for 3 years now. I think it's a little crazy..... but I know where I'm going if shit hits the fan!