Which payoff would you take, gold bullion or $4M cash?Prev TopicNext Topic

• Boney526

  

  New Jersey
  United States
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  October 18, 2010
  1,439 Posts
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  Feb 29, 2012, 1:59 am

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  Gold.
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
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  Feb 29, 2012, 8:36 am

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  http://www.zerohedge.com/news/chatham-house-gold-standard-impractical-gold-hedge-against-declining-values-key-fiat-currencies

  valid reason to take the gold

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• time*treat

  

  United States
  Member #13,130
  March 30, 2005
  2,171 Posts
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  Feb 29, 2012, 8:58 am

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Feb 29, 2012

  Something else to consider, I think America once made it illegal to own gold.

  What if you opted for gold and that happened again?

  A fence isn't exactly going to offer you fair value and if it's illegal to own it, then what?

  Making things ill-eagle often drives up price and/or demand.

  In neo-conned Amerika, bank robs you.
  Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.
• sully16

  

  25

  Ringleader

  Michigan
  United States
  Member #81,738
  October 28, 2009
  128,220 Posts
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  Feb 29, 2012, 9:43 am

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  In response to GASMETERGUY

  Quote: Originally posted by GASMETERGUY on Feb 29, 2012

  I would take the cash and buy land and gold.  Of course, if the polls indicate that a Republican will win the White House, then I would sell the gold.  The price will surely drop after the election.  Land may decrease in value but when push comes to shove, you will need a place to stand.  About 500 acres ought to be enough to stand on.

  Good point gasmeterguy, and we all need to MAKE A STAND !

   
• CDanaT

  

  Central TN
  United States
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  January 4, 2012
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  Feb 29, 2012, 9:50 am

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  Can't I have both ???????.........okay, okay....take the cash, then buy some gold and silver

  Si vis pacem, para bellum.
• jones69

  

  Finland
  Member #123,520
  February 23, 2012
  28 Posts
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  Mar 3, 2012, 1:21 pm

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  Even I see gold as preserver of purchase power, transporting it out of USA would be safety risk.

  I would transfer the cash first to overseas bank and then to buy gold with 1/3 of the pot.

  I want to choose bullion size or coin of my preference, plus store it where I want.

  Having physical gold, holding it is the way to go. Alternative is bullionvault.

   

  PS. Quite a few have chosen gold. Is gold going to peak now ;) buah hah. So many stores buying gold in every interstate road.
• LottoGuyBC

  

  British Columbia
  Canada
  Member #116,096
  September 4, 2011
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  Mar 3, 2012, 2:39 pm

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  "You have to be in it to win it!"
• mcginnin56

  United States
  Member #111,437
  May 25, 2011
  6,323 Posts
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  Mar 3, 2012, 6:46 pm

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  In response to LottoGuyBC

  Quote: Originally posted by LottoGuyBC on Mar 3, 2012

  

  Very nice!!! They say a picture is worth a thosand words.......maybe in this case 4,000,000 words.   
• Lucky SOB

  

  new york
  United States
  Member #123,011
  February 11, 2012
  124 Posts
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  Mar 3, 2012, 7:24 pm

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  why stop at gold they should payout in oil
• time*treat

  

  United States
  Member #13,130
  March 30, 2005
  2,171 Posts
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  Mar 6, 2012, 2:49 pm

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  In response to Lucky SOB

  Quote: Originally posted by Lucky SOB on Mar 3, 2012

  why stop at gold they should payout in oil

  Fire hazard & storage fees.

  In neo-conned Amerika, bank robs you.
  Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.
• savagegoose

  

  adelaide sa
  Australia
  Member #37,135
  April 11, 2006
  3,341 Posts
  Offline
  Mar 6, 2012, 4:12 pm

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  wonder what has the better tax avantage gold or cash

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :