I was about to buy a 1/10 gold coin because I think gold is the best investment. My wife don't want me to...?

The value of Gold has been at all time highs recently, so NO I wouldn't buy it right now, because the value is more than likely going to drop over time.

That, and I truly do not believe that our economy is going to crash. We're in some tough times right now, but I believe it's going to get better.

But what the hell are we going to do with gold when we're hungry and everyone else is too? It's not like we're traveling to another country to trade it in.

People need to be self sufficient. Agriculture and farming si what will get them there. Barter and trade may become a reality if this gets any worse.

If the experts predictions are true, the only thing that will be of use in trying times are skills and food.

Like someone else said here about Katrina, people wanted fresh water and food.

It is the people's perception of value that gives precious metals and rocks any worth. Gold and silver are just metals, just like a diamond is a glorified piece of coal.

The real gold and silver is what you can produce by your own hand. Making you self sufficient and able to survive.

In every culture for all of recorded history, gold has had value. Currencies have come and gone, governments have come and gone. Gold will always have value. There is a great book on the subject " Investing in Gold and SIlver " by Michael Maloney, available on Amazon. I think it is a good idea to buy some gold, I have watched it go from $250 an Ounce to over $900, and the 1/10oz Gold eagle is a good choice.

The economy won't crash and make our paper money worthless. Seems someone doesn't know much about economics. Even in countries with very high inflation rates, which wouldn't happen to the US, the money still has value, it is just the denominations keep getting higher and higher.

Yes, gold is a good investment right now, the value keeps going up and up as demand is soaring. People are melting jewelry for the gold content.

But I just read an article by some gold experts saying that like housing, they predict the value of gold to keep going up and up until it bursts, when the value will drop again. Gold is now $1000 an ounce. They don't know when the bubble will burst, whether it will drop after $1200, or $1500 or $1800 .....

Gold, like everything else, has gone up and down in value throughout history.

She's right.

Think about New Orleans after hurricane Katrina. Do you think a gold coin had any value? No. But if you had a gallon of gas, a bottle of drinking water, or a non perishable food item, you could have traded it for anything you wanted.

If our economy collapses to that extent, you'd be better off to have a tank of gasoline and a closet full of canned soup than to have a few gold coins.

Joseph:

You are right on target. Gold has a recognizable

and world-wide accepted intrinsic value. Of

course no one can/will eat gold, but you can use

it to barter/exchange for something you may want

or need when no one wants to accept fiat paper

money.

Many answers given do not recognize that paper

money printed in this country is already worthless,

backed by nothing! It is no different than Monopoly

money, in terms of intrinsic value...none.

Any value attached to Federal Reserve Notes

that most call "dollars," [even though they are not],

is purely imaginary.

In addition to a 1/10 oz gold coin, you could buy

pre-1964 dimes made of 90% silver. They are

very recognizable in this country, and their smaller

denomination gives you more trading opportunities.

However much women like to be right, your wife

is not, in this instance.

To those who defend US fiat currency, the purchasing

power of $10,000 in terms of 1997 "dollars" is about

$3,000, today. That is a 70% drop in imaginary

value. The "value" is imaginary, but the drop in what

can be done with it is not.

Stay the course.

I think....

By the time paper money becomes worthless and people start trading with commodities, the market will be in complete shambles. In this type of environment, having someone BUY your gold will be impossible. When the whole market is gone and money is worthless, why would anyone want to buy gold?

You are right. Hard commodities are always best during a recession. Precious metals are the best. Easily transportable and accepted anywhere in the world. However which coin were you trying to buy? Email me if you wish

that is not pure gold. it is gold plated, which means it painted in gold. not worth what you are paying for it.