If you got that much money, go ahead. But gold is erratic in its pricing, even if does seem to be always climbing.
Better to mix up your investment by buying silver, platinum, other precious metals and and assortment of gems.

Historically gold is a sure bet long term. Like real estate...but of course nothing is 100 percent! 😉

Gold has dropped 20 percent this year. Short term that's a kick in the teeth. Long term, it's but a blip. In a way, the drop in gold can be construed as good news. When the recession hit, people got scared and flocked to the most stable and sure thing...Gold. It's jump was simply a response to the situation at hand. It has been overpriced and is finally coming back down to a more reasonable price. If u want to maximize your returns...wait a bit longer....but there is nothing wrong with owning gold. It's been traded and used as a commodity for thousands of years. There are other great investments. Talk to an investment planner. Or talk to several. Tell them your concerns and what you want. Tell them your a prepper, and tell them your goals. They want your business and they work for you. As they are the professionals, they can help you more and understand investments better than most of us "armchair" investors! 😉 And stay within your comfort level.

The way I see it, it is a good time to buy precious metals. The lower price of gold makes it more affordable now and if the economy really does take a dive, then the price will go up again. I would also diversif as much as possible, also buying silver, and the usual investments though I'd go with the safer mutual funds with a higher percentage in bonds. Precious metals have always been recognized as a way to protect against inflation, that's why I started converting some of my investments into metals.

I think with the economy going like it is the last thing I want to do is put my money in investments. I'm thinking I want it close so I can get at it when the bottom falls out from under us. Maybe not in the bank....mind you they say if the RBC falls then the Canadian dollar will be useless. I can see the federal and provincial gov'ts getting more and more money hungry and taxing us even more. Getting my prospecting gear together and going prospecting. Living the self sufficient and frugal life is the way to go.

Would not be worried till the 17 nov if chase bank bans all international wire transfers for corporate and only 50,000 in cash per account per statement will effectively be a cash control causing a potential calamity

That's exactly the sort of thing that worries me. What sort of stuff would be the best to barter with. Have move some savings and looking to move the rest or convert it into something more valuable than cash.

What sort of stuff would be the best to barter with

Stuff that is cheap now but would be expensive later if it was no longer available. Also, stuff you could use yourself if the proverbial terrible SHTF never happens. Better if they are small items that don't take up much room.

Think of:

Seed packets
Matches
.22 ammo
Soap bars
Canning lids
Socks
Nails/screws
Rope
Tarps
Etc etc etc

In his book Survivors, one of James Rawles' character starts a barter store based on garden seeds she had stockpiled. As barter goes,the store turns into a general store. Not sure how well that would work in real life, but the idea is pretty good and simple.

...bic lighters
hard booze
tobacco
toilet paper
batteries
hand tools

RU

Garlowin,

There are other threads on barter items so I don't want to hijack the OP's thread. However, you are correct, those bags would be good items too. In essence, look around your house and think of what would be difficult to replace and necessary to have if you couldn't go to a store for 6 months, a year, or longer, any of those items would likely be good barter items. That said, don't forget about "barterable" skills also. If you know hot to weld, knit, sew or are a mechanic or veterinarian, your skill would also be quite valuable.

Buy silver coins. They are a lot easier to use than gold.

Buy silver coins. They are a lot easier to use than gold.

True maybe, but I don't see a problem with getting 1/10 or 1/4 oz gold coins too. They are easy to carry and may be more effective at bartering for items of greater value. Having both seem like a good solution 😉

We are talking about shtf/bug-out money right? Silver bullion in troy ounces are easy to get and currently fairly cheap. A good target would be 20 individual ounces. These could be cut into 'eighths' if you need smaller denominations. If you have a tight budget, try buying one every payday, they'll soon mount up.
You can get 'junk' silver in American coins; the last time I checked the price it was $1.00 coins for $20 paper money. I don't know (and I'm sure no one else has any idea) what one dollar in silver coin will equate to afterwards. But can't hurt to have a few of these dollars.
As for gold bullion, an ounce would be too high in worth to use in everyday purchasing. I feel that 1/10 coins are the way to go; easier to make change or write off the difference.
I've used all of the above (except the junk silver) and found the bullion to be a good investment even when doomsday didn't happen. My advice is to not overdo it for shtf scenarios, you can't carry too much of it.

Check here for an easy solution for silver. http://canadianbullionservices.com/silver-2/100g-100x1g-valcambi-silver-combi-ba
easy solution for gold http://canadianbullionservices.com/gold-2/50g-valcambi-gold-combi-bar

Check here for an easy solution for silver. http://canadianbullionservices.com/silver-2/100g-100x1g-valcambi-silver-combi-ba
easy solution for gold http://canadianbullionservices.com/gold-2/50g-valcambi-gold-combi-bar

Though a great idea, you pay a premium for the "convenience" of those mini 1 gram tabs. Add that everything is normally calculated in Troy oz in reference to spot price and it makes calculations that much more complicated.