Originally Posted by Want.FR-S (Post 53819)

* Assuming English long ton (1 ton = 2240 lb = 2240* 16 = 35840 ounces), not metric ton.
* 8000 tons = 8000 * 35840 ounce = 286,720,000 ounces
* this equals to 286,720,000 * 1700 = 487,424,000,000 = 487.424 billion USD, and that is a bit less than the market cap of Google plus Apple. Still cannot pay down the debt that US owes, Damn it.
* oh, how many F-22 can you buy with 487.424 billion USD?

Originally Posted by 1660 (Post 53820)

You need to re-calculate. Gold is at $1757 on the Hong Kong exchange now at 8:30 pm PST.

Originally Posted by Dimman (Post 53830)

Everyone who is dumping stocks is now buying gold? (What a mess... Hope the US sorts things out soon, before they drag The world down with them.)

Originally Posted by MatadorRacing_F1 (Post 53850)

How much Gold is in Fort Knox?

Originally Posted by Dimman (Post 53830)

Everyone who is dumping stocks is now buying gold? (What a mess... Hope the US sorts things out soon, before they drag Canada down with them.)

Originally Posted by Giccin (Post 52932)

5. Invest in gold.

Originally Posted by 1660 (Post 53859)

Gold hit a new high overnight, $1782.50.

Originally Posted by no_name (Post 53856)

Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

Originally Posted by no_name (Post 53856)

Dammit you people are being far too rational. I came on here looking for some discussion on sweet cars and then you guys are all 'don't buy this car, buy a house, it's more practical' and now I'm thinking 'man, I really should just buy a house and keep my Hyundai. I can't afford and house and new car'. You guys are jerks.

Originally Posted by 1660 (Post 53859)

Gold hit a new high overnight, $1782.50.

Originally Posted by serialk11r (Post 53966)

Plenty of people are making tons of money, you just need to have money to use and know how to use it. Ever heard of quant trading?

Originally Posted by Giccin (Post 52932)

5. Invest in gold.

Originally Posted by serialk11r (Post 53966)

Plenty of people are making tons of money, you just need to have money to use and know how to use it. Ever heard of quant trading?

Originally Posted by 1660 (Post 53981)

Is that like leveraged trading or derivatives? What houses?

Originally Posted by 1660 (Post 54024)

Gold crossed into $1800s today on the Hong Kong exchange.

Originally Posted by Allch Chcar (Post 53874)

:laughabove: :w00t: :bellyroll:

Most of us are still in our 20's early 30's. Buying a house is a bigger priority now followed by a newer car later. No one wants to be "that fool" who lives in a doublewide with a brand new car sitting in the gravel driveway.

Originally Posted by Calais (Post 54066)

i'll be that fool a new car is more important to me than a house at the moment im not engaged not going to move out of home anytime soon and i know why getting a house is better than buy a car first but i honestly dont care i'll get the car and when i want to i'll get the house, im an architectural drafter i'll make whatever house i get look good with a garage no problems with the gravel out the front, concrete as far as the eye can see

Originally Posted by KadeS (Post 54077)

Actually.. if you have 30k, now would be a perfect time to diversify your holdings and investments... Gold.. its a horrible choice. Silver is where its at right now, though if you're looking to invest; you've missed that boat as well. Stocks on the other hand, due to the downrating of the American debt, it is the perfect time to land a couple stocks (see what happens tomorrow, I can almost grantee another drop)

But anyways. Right now, save. If you can.. mooch off your parents as long as possible (more money for cars and a house with a track for a driveway!)

Originally Posted by Giccin (Post 52932)

5. Invest in gold.

Originally Posted by 1660 (Post 54137)

COMEX hits new high, $1817.60.

Originally Posted by Want.FR-S (Post 54175)

Which price are you looking at? I saw gold price in ny cmx currently at 1761.80.....

Originally Posted by zigzagz94 (Post 54141)

Screw gold invest in guns. Brand new AK-47's and FAL's are going for $1800-$2000 USD in Libya right now. When the SHTF or TEOTWAWKI hits guns and bullets will be worth way more than gold and silver in the new barter economy.

Originally Posted by Giccin (Post 54195)

I think the U.S is going to flop and the Chinese are going to take over. :l

Better start learnin!

Or be ready for a zombie apocalypse.

Saving your money for a house is reasonable. Investing in gold is reasonable. But when the world ends... what use do those "needed" items become?

Originally Posted by Giccin (Post 54195)

I think the U.S is going to flop and the Chinese are going to take over. :l

Better start learnin!

Or be ready for a zombie apocalypse.

Saving your money for a house is reasonable. Investing in gold is reasonable. But when the world ends... what use do those "needed" items become?

Originally Posted by MatadorRacing_F1 (Post 54200)

Melt your gold bullion to make bullets? :iono:

And I'm pretty sure somewhere "safe" to sleep would be useful :)

Originally Posted by MatadorRacing_F1 (Post 54200)

Melt your gold bullion to make bullets? :iono:

And I'm pretty sure somewhere "safe" to sleep would be useful :)

Originally Posted by Allch Chcar (Post 54241)

Well darlin', you're in the wrong state to be located if the whole country goes under. If CA was out of Gasoline or food for a week it would mean mass rioting/looting for the whole state of CA. Or even if another policeman kills somebody "out of hand."

Remember this, the US gov't failing does not mean the country, states, and economy is going to fail, but the US Dollar losing value means a painful transition time over to a new currency or a different system.



A waste of gold when lead is far cheaper/easier to acquire. Gold will always have value as a commonly accepted trade good. Plus you need gunpowder for bullets. Reloading shells is what you would look into for ammo instead of melting down precious metals. We don't use lead ball for ammo anymore :bellyroll:.

Anyway I think your castle/compound/fortress/bunker w/e you call your home is far more important than a new car. And of course adequate security to protect said estate. I also believe self-reliance is a matter of pride. So call me the crazy one here, I'm not suggesting a zombie Apocalypse or a Chinese takeover/invasion :bonk:.

Originally Posted by Allch Chcar (Post 54241)

Remember this, the US gov't failing does not mean the country, states, and economy is going to fail, but the US Dollar losing value means a painful transition time over to a new currency or a different system.

Originally Posted by Allch Chcar (Post 54241)

Anyway I think your castle/compound/fortress/bunker w/e you call your home is far more important than a new car. And of course adequate security to protect said estate. I also believe self-reliance is a matter of pride. So call me the crazy one here, I'm not suggesting a zombie Apocalypse or a Chinese takeover/invasion :bonk:.

Originally Posted by Giccin (Post 54246)

Big brother is watching. He's always watching....

Anyways, with the stock market crash. Buying anything big around this time is a bit risky.

Originally Posted by tranzformer (Post 54250)

Is there still talk of the "Amero" currency for North America? I remember heading a lot of rumors/conspiracy theories several years back but nothing since. Not sure if a common NA union (especially opening up the borders even more to Mexico) would fly with most Americans.





I think a castle/compound/fortress/bunker is almost useless in an urban/suburban environment. The amount of resources that would be required to secure it and your family would be too great. If their was rioting and people heard you had food/water/precious goods, it would be very hard to secure it against a mob of several hundred people. Now if you live out in a rural area, it would be a bit easier to defend as you wouldn't have the population density as cities do. I guess if you pooled your resources with several families/friends, it would be easier to create a more secured environment. As the rioting in London showed, do not underestimate the mob mentality even if they only have rocks, malakoff cocktail and their feet.

Originally Posted by Allch Chcar (Post 54241)

You're on the wrong forum to find out about the supposed NA union and the Amero :iono:. I do know there was a treaty signed a couple years ago(Bush Jr.) and it basically signaled an intent to combine NA markets. Which was the first step to forming the European Union back when it was just a conspiracy/rumor.

Originally Posted by Allch Chcar (Post 54241)

I have a house in the country, albeit still under construction. I feel that living in the city is not a security/safe decision. It's actually more dangerous statistically. Living in the city is purely for economics(more, better jobs, lower cost of living) or convenience IMHO. The only thing I really miss is high speed, no limit internet.

So what are you guys going to do about a house and a car in the next couple of years?

Originally Posted by Allch Chcar (Post 54241)

A waste of gold when lead is far cheaper/easier to acquire. Gold will always have value as a commonly accepted trade good. Plus you need gunpowder for bullets. Reloading shells is what you would look into for ammo instead of melting down precious metals. We don't use lead ball for ammo anymore :bellyroll:.

Originally Posted by tranzformer (Post 54258)

HA! I'm not mistaken, this is FT where we talk about gold, home purchasing, Hideyuki Toyotomi and Emperor Anastasius I of the Byzantine Empire in a thread about the 86. No my friend, I come to here to get all my questions answered, it is the all knowing forum. :popcorn:





Yeah lack of high speed internet in a rural setting would suck. I guess you could try and deal with satellite internet but I haven't heard good things about it. Guess it would be better than dial up if you can't get high speed cable.

Yes, living in a rural setting is probably safer in general except for those times when you have an ischemic stroke/heart attack/blunt force trauma and the closest regional medical center is 1.5-2hrs away by car or a 30min LifeFlight away (once they pick you up). But outside of the medical issues, I would agree rural settings tend to be safer and give you the opportunity to set up your own well and garden for food.

I will be getting a new car in the next couple of years. Hopefully the FT86 if it meets my expectations or the new WRX/STI. My car is still kicking strong, so no need to buy a new car just for the hell of it. My wife and I have saved up a nice chunk for the down payment on a house. However we are still renting as we will be moving again in a few years for work/school. I personally don't think we have seen the bottom of the housing market. Once we are ready to settle down we will probably find a place to buy. But as of now we are happy that we are renting in case something happens to one of us and we wouldn't be able to cover the mortgage. It is just a bit disheartening when you think about how much you pay in rent a month and how far that would go towards a monthly mortgage. :(

Originally Posted by serialk11r (Post 54263)

Whoa AKs from China? I assume these are bought from other countries, as guns are illegal in China, but they do sell weapons to other militaries. Only the army and special police forces have guns. So is this black market?

Originally Posted by Allch Chcar (Post 54265)

And you're MARRIED!?

Originally Posted by Allch Chcar (Post 54266)

You need shells and gun powder either way :|.

Originally Posted by MatadorRacing_F1 (Post 54264)

Well that kinda went over your head didn't it?

p.s. And what exactly do you plan to reload with? Spent shells and air?

Originally Posted by tranzformer (Post 54269)

Yup yup. Got a little guy on the way too. :party0030: Will be joining WoW in the no sleep at night crowd soon.