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A fist full of gold coins.
Seriously. Are they worth anything besides the value of the gold? What’s the point of having any.
Seems like you get bent over selling gold no? I have some. Not sure I even fathom the point. Shave off a sliver to buy bread during the apocalypse? |
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Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,414
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Quote:
Historically, and I mean throughout all of history, gold has been coveted everywhere. It’s a pretty good bet that trend will continue long after we’re gone. Who cares why? It just is. |
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Now in 993 land ...
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It depends on the coin. Many are worth their gold weight and not more. They are totally marketable, you can send them to online retailers and have cash in your account in return.
You should have some physical gold in your portfolio. It is an insurance policy against hyperinflation. It beats a printed piece of paper any day. Gold has to be dug up and has limited supply. It is also used in technology, dentistry, medicine and jewelry, so it does have everyday uses that do support its value. If you want to sell those coins, I'll be interested. ![]() G |
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Selling gold coins.............
I had a couple of 1/4 ounce French gold coins a few years ago. The coins were from the Napoleon era (late 1700s-early 1800s) so they should have had some collector value. I had to work my butt off finding a buyer at bulk gold value! Something else to consider is that if the worst happens, who is going to have the cash to buy your gold? I tend to think that barter goods like guns, ammo, food, etc. would be more useful. Just my .02 cents worth!!
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FEC3 1980 911SC coupe "Zeus" 3.3SS god of thunder and lightning |
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Registered
Join Date: Dec 2001
Location: Cambridge, MA
Posts: 44,401
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Do you have a ticket mixed in with the coins by any chance?
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Tru6 Restoration & Design |
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Information Overloader
Join Date: Mar 2003
Location: NW Lower Michigan
Posts: 29,414
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Guns, food and fuel will get you through the early days or months of an apocalypse.
Gold will help your kids during the rebuild phase. |
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Fastrrrrrrrr!
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When they fire off the EMP bomb that gold will instantly turn into lead...
I saw it on the Twilight Zone... |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,551
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I loved the episode where a band of thieves stole a load of gold bars from a train, then went into hiberbation for 100 years. It didn't turn out well for them...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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Get off my lawn!
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I always figured bullets will be the currency after the apocalypse. Guns for big purchases. Bullets would be like pocket change.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,551
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Keep in mind .22LR can't be reloaded...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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You actually can, but it is impractical to reload.
First, you have to clean the cases, then you pour in a liquid primer and let it dry. Then you reload as normal. I don' know that anyone sells the liquid primer anymore. You also don't take the indentations out of the rim (no one figured out how to do that), so over time, you get more and more FTFs.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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Join Date: May 2017
Posts: 15,530
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"Gallon of milk, please."
"That'll be a .357 and two .22 lr" "Got change for a .44 mag?" |
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I'm with Bill
Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
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Look at prices from 2006/07 through to 2012.
I have invested into gold but only spare money that would otherwise sit. Most of my purchasing happened sub 1100 an ounce. I have made some 1200 an ounce purchases too. I am considering a bit more, my game plan, instead of paying off mortgage early use money to buy gold. If the economy tanks gold will rocket up, I sell and pay off mortgage in one fell swoop.
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1978 Mini Cooper Pickup 1991 BMW 318i M50 2.8 swap 2005 Mini Cooper S 2014 BMW i3 Giga World - For sale in late March |
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Right now. $1287 per oz
(Start green font). How many oz in a pound again? ( end green font please) |
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Quote:
If you are talking troy ounces in a troy pound, it's 12. Last edited by sammyg2; 01-22-2019 at 11:44 AM.. |
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Wanna know how many grams are in a kilo-gram?
Last edited by sammyg2; 01-22-2019 at 11:51 AM.. Reason: typo |
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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Just to make things clear as mother's milk .......
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Join Date: Apr 2002
Posts: 30,507
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I'm with Bill
Join Date: Feb 2005
Location: Jensen Beach, FL
Posts: 13,028
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Quote:
What was it in 2010? What was it in 2006? Where will it be if we have another financial collapse? How do you feel about 21 Trillion in national debt that now accumulating over 600 Billion a year in interest? How do you feel about Americans have the largest credit card debt ever? How about Car loans, the new Mortgage free for all, you good with everyone having 70K car loans that probably should not? Lets revisit this in 2020 to 2021 and see where gold is then. Then I will type in purple font.
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1978 Mini Cooper Pickup 1991 BMW 318i M50 2.8 swap 2005 Mini Cooper S 2014 BMW i3 Giga World - For sale in late March |
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