Should I buy gold or should I buy ammo?

[Laufen]

Neither. Both are near all time highs--not the time to be purchasing a commodity.

 

[Gacowboy]

ammo is almost worth as much as gold

AMEN you got that right.

 

[joeylee]

Not a good time to invest in commodities to make a good bit of money unless of course you look at it from the perspective that the fiat currencies (which almost none are based on gold anymore) will collapse... consider the UK and all the bailouts as well as what happened in Cyprus Saturday as a result...the Finance minister announced all deposits will have a percentage basically confiscated from them (after being elected on the principal that this would never happen of course)...In this case you may well wind up with more money as the there will be a run on the currency and a possible domino effect....you will be sitting pretty with gold or silver....gold can be confiscated though as evidenced in the 1920's I believe...Silver hasn't been confiscated, is finite as well and has many practical industrial uses.

 

[Gacowboy]

Ammo can save you life and your familys

 

[Nob0dy]

Ammo

 

[joeylee]

Also a rule of thumb to always remember...Do not put all of your eggs in one basket....do both!

 

[Echo 1]

Ammo in this economy can defend,hunt or sale more than money or gold will do for ya.

 

[Sdrcr]

Ammo and food will be the new currency when it all goes down.

 

[Cobalt 60]

Father, please forgive bikeguy, for he know not what he speak. amen.

Really? This not look like a bubble to you? http://www.monex.com/images/charts/GBX_LINE_3650DAY_BIG.PNG

Please do compare: http://www.jparsons.net/housingbubble/united_states.png

But go ahead and do like Rush says and invest in Gold. When the price comes down to $600 an ounce, which is realistic, He will surely offer his sincerest apology.

Besides, if the **** really hits the fan, who is going to give a **** about shiny yellow metal?

 

[Constitution Hour]

Really? This not look like a bubble to you? http://www.monex.com/images/charts/GBX_LINE_3650DAY_BIG.PNG

Bubble? Yes but not in gold. The price indicates a devaluation of currency due to over printing/electronic money creation.Why do you think they stopped releasing the M3 information? QE infinity is going to finish the job but first the other currencies will fall to parity with the dollar. Look at what is going on in Europe, it is only a matter fo time. The smart money is on ammo,gold,silver,oil,wheat etc.