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To: inchingup who wrote (8425)	3/16/2008 10:36:00 AM
From: polarisnh	Respond to of 50722

A couple of observations. First of all, be careful of using safe deposit boxes in banks. When FDR confiscated gold in 1933 people were not allowed to remove gold from their safe deposit boxes. Secondly, consider purchasing $500 or $1000 (Face value) bags of 90% Silver coins which are currently going for over $7000 and $14,000 per bag as it may be easier to conduct transactions with the individual silver coins compared to the gold ones if there is some form of monetary crisis. One of the problems with using bars of gold and/or silver compared to coin is that the use of them may require an assay to certify the quantity and quality and that can sometimes take weeks. Let's hope that isn't necessary. Cheers, Steve

To: inchingup who wrote (8425)	3/16/2008 12:42:16 PM
From: dvdw©	Read Replies (2) \| Respond to of 50722

Interesting post you said; Shall we buy bars of the stuff and put them safe deposit boxes." That is one possibility. "Then how do we use in commerce?" Convert it to some form of cash. Another poster suggested buying bags of silver coins at 14K a pop. I did a study post Katrina searched all news accounts afterwards and was unable to find a single article on how Silver or gold was used in this catastrophe to advantage its holder. Now, that does not mean there might not be some future calamity that either could. But the present tactical considerations for the case of gold or silver as convertible to utility trade, is just not there. Cigarettes, might be better, or chocolate and protein bars, gasoline, propane, all would indicate a better marginal utility than gold or silver. the post catastrophe case for gold and silver begins only after a shock has been transcended by the speculators who had commodities with then present utility. In the absence of government restoring currency, post catastrophe wealth in a relative sense, would accrue to gold and silver only after the catastrophe itself were fully consolidated by those survivors whose entrepreneurship enriched them. Is that a certainty? No. gold and silver as stores of value would need societal scale recovery. But that would not be guaranteed either, because a million other things might be valued higher, according to what conditions actually are.

To: inchingup who wrote (8425)	3/16/2008 6:32:46 PM
From: Torah Wolfe	Read Replies (2) \| Respond to of 50722

inchingup, you holding any of the actual hard stuff? I had friend here in LA that would buy gold coins each year for his children at christmas time. Then one day he was robbed and they got his guns and coins. The police didn't even try to find the thief, staing that there was no way he could have had that much gold. They thought he was trying to pull the wool over thier eyes. With the rise in the price of gold, it did sound like he couldn't have bought all that gold. I don;t have any gold or gold coins, but I do have several old coins. I have one that was priced at over $4000 that I inherited. Its a 1976 Continintal Congress coin. One of the first minted in the New Country.