On Wed, 23 Jan 2008 13:18:04 -0500, hk wrote:



No, I'm not a survivalist. I started buying Krugerrands about 15 years
ago as a "hedge" and I simply buy some more from time to time. While I
do expect this country to collapse into class warfare, I don't believe
it will happen in my lifetime, though I think the time is getting closer
as the gap between the "haves" and "have nots" widens.

I'm sure my heirs will enjoy inheriting my Krugerrands and Canadian
Maple Leaf gold coins. What they do with them is...up to them.

I keep one of each in the house. The rest of kept...elsewhere. :-)

Those coins aren't a bad diversification investment. If you buy when
gold is reasonably priced. If I was holding any now I'd sell at the
current gold prices. Pick some up later when gold drops again.
It will. My first commodity trade was a 100 ounce gold contract at
800 per ounce. Bought and sold in the Chicago pit in about 20 seconds
during the wildness then. Made 100 bucks. Wasn't me, I didn't know
anything about. A buddy in the pit did it, then created an account
for it in my name after the trade. He got in trouble, I got the
money. About 60 because at that time the brokers were getting about
40 a trade. About 1980.
Only time I traded it, when it was in the 200-300 range a couple years
later, I lost a few grand.

--Vic