Gold hits all-time high

[pdq]

Not investment advice, just noting it. Up 12% since the start of the year.

Old-fashioned safe haven in uncertain times.

[wurm]

That new White House toilet is going to cost a fortune.

[mattkime]

for sale at costco

[Acer]

How many eggs per ounce is it today?

[Rick-o]

Heh! For about the past two weeks I've been considering buying some 1 oz. gold coins. I'm getting the feeling lately that things may go south really fast and having some bug out cash might be a prudent strategy to consider. Looks like I'm not alone.

Anyone got some advice here? I know virtually nothing about investing in gold coins, bars, or ingots. What are the pros and cons?

[mattkime]

Rick-o wrote: What are the pros and cons?

Can't eat or drink it.

[Rick-o]

mattkime wrote:
[quote=Rick-o]What are the pros and cons?

Can't eat or drink it.
You got me there! :confused:

[rgG]

Not sure if there are limits to how much you could take to another country, without declaring or paying a duty on it.
You would still have to convert it to some sort of currency to actually use it.
Not sure I want to buy anything at “an all time hight”

[Rick-o]

rgG wrote:
Not sure if there are limits to how much you could take to another country, without declaring or paying a duty on it.
You would still have to convert it to some sort of currency to actually use it.
Not sure I want to buy anything at “an all time hight”

That's what makes me laugh. Whenever I have a "bright" idea, seems like everyone else is way ahead of me. And yeah, I know it's high right now. I'm one of those people who always buys "on the dip". I won't jump in until it does.

[Fritz]

Acer wrote:
How many eggs per ounce is it today?

giggle, giggle, giggle.

ya remember that Twilight Zone, The Rip Van Winkle Caper?
4 thieves rob the Fort Knox train and put themselves in suspended animation for a 100 years. They wake up and the gold ain't worth a bucket of poo?

"The last of four Rip Van Winkles, who all died precisely the way they lived, chasing an idol across the sand to wind up bleached dry in the hot sun as so much desert flotsam, worthless as the gold bullion they built a shrine to. "