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billiam :4chan: (billiam@shitposter.world)'s status on Sunday, 28-Apr-2024 22:33:37 JSTbilliam :4chan: @istvan @Hoss What do you think of this excerpt?
Basically Argentina kind of collapsed and "junk gold" was better value for money than "premium quality gold" since few people could tell the difference
>Someone hit me in the head please because I messed up about the gold issue.
>Everyone wants to buy gold! “I buy gold. Pay cash” signs are everywhere, even on TV! I can’t believe I’m that silly! I just didn’t relate it to what I read here because they deal with junk gold, like jewelry, either stolen or sold because they needed the money, not the gold coins that you guys talk about. No one pays for the true value of the stuff, so big WARNING! Sign on people that are buying gold coins. Since it is impossible to determine the true mineral percentage of gold, small shops and dealers will pay for it as regular jewelry gold. What I would do if I were you: Besides gold coins, buy a lot of small gold rings and other jewelry. They should be less expensive than gold coins, and if the SHTF bad, you’ll not be loosing money, selling premium quality gold coins for the price of junk gold. If I could travel back in time, I’d buy a small bag worth of gold rings.
Source: https://ferfal.blogspot.com/2008/10/thoughts-on-urban-survival-2005.html