Korean Job Discussion Forums

[RJjr]

It's getting less and less common to see bullion around. Demand is outstripping supply bigtime. I would be surprised if there isn't a sharp upward move within the next six months.

I've actually bought physical rice because of the worsening economy. Also sugar for multiple reasons: a possible barter item, a cooking ingredient, and a winemaking ingredient so I can drink my way through the Great Depresssion II. I've bought sooooooooo many seeds: corn, pumpkin, okra, bean, and other stuff. I got a good deal on those, actually. That, along with constantly phucking around with these fruit trees, bushes, and vines and planting more. I'll invest in nut trees in the spring.

I look at agriculture as a win/win right now. If the economy does well, you can sell your crops for a tidy profit. If the economy crashes, at least you have plenty to eat and the rest of the community can eat phat too.

I need to invest in a better gun since crime is constantly getting worse. I think a Saiga 12 would be more practical than some of the rifles I was thinking about, and would obviously be better for birdhunting.

I might also invest in goats and sheep, but probably not.

I'm in the rural USA. I would like to go to Vietnam to move in with my favorite girlfriend and work there, but I just don't see enough people around here growing food and somebody needs to.

[mises]

If you see a shortage of gold, which is something that I might agree with, then you're best bet is to buy sliver. The ratio might become 1:10 if conditions continue.

But I still think this is far too doom'n'goom. We'll be ok.

[riverboy]

I can see gold easily hit 1000 bucks. Maybe even much higher. I remmember it being under 300 when I first came here.. I thought it was a good investment at the time.

I wish I had the money I have now back then.

[Ya-ta Boy]

[Safron]

I have mine in MOO. It's a food ETF based mostly on American companies, and it's dropped in the past few weeks. At the end of the day there's no better hedge against inflation than food.

[huffdaddy]

[ontheway]

Private ownership of gold is legal now.

Private ownership of gold was made illegal by FDR because the Fed had taken us OFF the gold standard. Had they remained on the gold standard there would have been no housing and stock market bubble and no recession.

The Fed had increased the money supply by illegally printing money with NO GOLD BACKING. This means we were off the gold standard.

The Fed had increased the money supply by at least 60%, without having first received gold deposits as backing, and therefore, if everyone had tried to redeem these fraudulently issued dollars there would not have been enough gold.

That is exactly what happens when you go OFF the gold standard.


Imagine if hats were fungible and the hatcheck girl decided to issue 60% more hatcheck tickets than she had received in hats. Eventually there would be a "run" on hats. There wouldn't be enough hats for the ticket holders to redeem their tickets.

Under a gold standard dollars are "tickets" for gold redemption. In 1914 there was enough gold for every holder of $20 to receive one ounce.

The Federal Reserve stole our gold and FDR made the illegal theft permanent by raising the price of gold from $20 to $32 per ounce in a series of steps. (Yes, he did it by fiat, with no legal authority, and by Presidential decree, not by market price.)

[Jandar]

The only real equity is that which comes from the sweat of your brow.

In the end paper is paper.

Land can have value but as know from event of "Eminent Domain" even that can have downside.

However is I was a betting man my first bet would be on my own abilities and judgement to see me through any financial crises. No of course with my premise that money in the end is just paper that does not mean have have no belief in the paper it's just that I am sure that I have as much equity as possible in the more tangible asset, land.

I mean you gotta live somewhere.

[mises]

Gold earns no rent, pays no dividend and only appreciates against a depreciating dollar. Supplies seem very strained right now as wealthy investors are buying heavily but as an investment it falls short. It is a hedge on inflation and in-case-shit backup. Looking long (10-15 years), energy, mining and similar will I think do well and there are many index funds with which to invest. We are entering a severe recession, not the apocalypse. The world economy will recover. Jim Rogers is right, we are in a low point of a long term bull market in commodities.

[KOREAN_MAN]

Gold has an intrinsic value. It doesn't depend entirely on the dollar. It can be used for many different purposes (e.g. jewelry, medicine). After all, it is a metal. Also the supply is quite limited. The price of gold has fluctuated against the dollar in the past; sometimes going up and sometimes going down. Depending on timing, it can be a good investment.

[huffdaddy]