Sears, Kmart to offer cash-for-gold service:
Sears Holdings Corp, which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar. Ref. Source 8
People say this is an alternative but I do not see how since it is so hard to protect. Where do you keep it, at home? Can you realistically keep enough gold to pull through a crisis where paper money has become null value?
International Level: New Activist / Political Participation: 25 2.5%
That's probably why people who own lots of gold also own guns. Anyone who expects to survive a crisis where paper money has no value better know how to protect themselves. At that point, it's not just about gold, it's about FOOD. (Argentina comes to mind - people were stealing and killing cows when the currency tanked.)
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There used to be a time when peppercorns were used to barter. I think gold has value but it depends on the level of crisis. For instance in a case where there is a lack of water - water is gold, lack of food - food is gold and so forth. The problem with safeguarding for the future is not knowing the type of catastrophe ahead. I think the best angle if at all possible is to have some of each: gold, food, water and so forth.
With regards to cashing in your gold there are still a great many ads where people are buying it up like crazy. They are willing to pay top dollar for all 'unwanted' gold and even silver that you may not be using. I sometimes wonder if these companies are just looking for a profit or if they are seeing something we are not.
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