So what's up with gold?

[DGuller]

I feel sorry for the poor schlubs who have invested heavily in gold as a "hedge against inflation."

You're a better man than I am.  I am not sorry for them at all, since those people tend to be the nuttiest of the libertardian nutters.

[Sheilbh]

I feel sorry for the poor schlubs who have invested heavily in gold as a "hedge against inflation."

I imagine lots were elderly people who got taken advantage of by vulgar conmen adverts. I've sympathy for them. But more anger for the, I imagine quite often cynical, bastards who did the selling - and media who perhaps should've known better.

[sbr]

and media who perhaps should've known better.

[DGuller]

I feel sorry for the poor schlubs who have invested heavily in gold as a "hedge against inflation."

I imagine lots were elderly people who got taken advantage of by vulgar conmen adverts. I've sympathy for them. But more anger for the, I imagine quite often cynical, bastards who did the selling - and media who perhaps should've known better.

I don't know how it is in UK, but in US there are all kinds of get-rich-quick adverts being aired.  Gold hyping is just one of many.  You can't protect people with faulty bullshit detector from themselves.

[DGuller]

and media who perhaps should've known better.

If you depend on the media for sound financial advice, you may as well buy a $39.95 book that tells you how to earn $50,000 a month by trading stocks with no risk.

[Sheilbh]

In the UK the adverts I saw were very much about playing on the fears of the elderly so they should protect their pension by investing it in gold, or the 'sell your scrap gold' type. I always thought they were disgraceful (same with the payday loans) and sometimes verging on misleading.

No-one's said anything about protecting them, but feeling sympathy.

It's one of the things I hate about this crisis, that there are so many pawn shops and payday loans everywhere

[MadImmortalMan]

I've seen lots of those roadside signs offering cash for gold in the last couple years. A few years ago it was cash for homes. So yeah.

[Admiral Yi]

Don't see the issue with "sell your gold" ads.

[Admiral Yi]

You're a better man than I am.  I am not sorry for them at all, since those people tend to be the nuttiest of the libertardian nutters.

The two people I know personally who bought gold are lefties.

[Jacob]

How long should I wait before buying some gold?

[CountDeMoney]

How long should I wait before buying some gold?

Screw the gold, you'll get better returns for MREs and ammunition after the pandemic/apocalypse/zombiepocalypse/nuclear exchange wasteland of the future. 

[Jacob]

Screw the gold, you'll get better returns for MREs and ammunition after the pandemic/apocalypse/zombiepocalypse/nuclear exchange wasteland of the future.

That may be true, but I want a purse of gold coins or some gold bars or something... even if I'm not allowed to bury them in the backyard.

[derspiess]

FOOD INSURANCE

[Ed Anger]

Screw the gold, you'll get better returns for MREs and ammunition after the pandemic/apocalypse/zombiepocalypse/nuclear exchange wasteland of the future.

That may be true, but I want a purse of gold coins or some gold bars or something... even if I'm not allowed to bury them in the backyard.

Rogues will steal your bag of gold.

[CountDeMoney]

Screw the gold, you'll get better returns for MREs and ammunition after the pandemic/apocalypse/zombiepocalypse/nuclear exchange wasteland of the future.

That may be true, but I want a purse of gold coins or some gold bars or something... even if I'm not allowed to bury them in the backyard.

With enough ammunition, you won't have to worry about doing that;  you'll be able to take somebody else's.