MCR wrote:

ON BUYING GOLD

I have not checked out the site mentioned in one of the comments and I won't. As I have always said, "Buy nothing but tangible, physical gold bullion that stays in your close possession and is accessible."

The key here is not where you buy, but what you buy. Are you buying gold bullion for guaranteed-insured delivery within x days? I wouldn't accept any wait longer than four weeks if I was placing an order. To be honest though, the current situation might well justify a wait of up to eight weeks if all other standards are met. Of course, the simplest thing is where you go visit a local vendor, see the gold, buy it, and walk out with it. I happen to be a fan of doing business locally. (Ahem!)

I do not understand the meaning of "tax free" Venezuelan coins. Gold isn't taxed in the U.S. If you mean buy without sales tax, that's not difficult and can be done in many ways, very legally. Whether a coin is Venezuelan, South African, U.S., Canadian or Swiss makes no difference. Venezuela is a gold producing country. The only thing that matters is, "Is it .999 Fine?" I happen to like Canadian Maple Leaves and I pay extra for them, but it's not necessary.

The web site may be OK, or it may not. Sorry, I don't do that kind of research for people. I have never seen a simple, straight forward position of mine so fernargulated and overanalyzed.

1. Want gold.
2. Find gold.
3. Make sure it is all gold. (Not plate or less than .999 Fine)
4. Pay for gold.
5. Walk out with gold.

Or,

Steps 1-4 ditto.
5. Deal with reputable broker who can insure and guarantee delivery (usually via Insured/Registered U.S. Mail which is very solid.)

All we can do is pray for whoever it is on the other side of the Looking Glass that laments about his paper gold and then wants to go back and play in the same paradigm that is being flushed down the toilet in front of his eyes. I have never owned a publicly-traded stock in my life and I cannot imagine that I ever will. The Titanic is sinking and I can see no reason to invest is a boiler, a wireless...or even a stateroom!

By Christmas, things should be pretty much unglued altogether. How many pieces will have fallen remains to be seen. All we are watching now is the stitching being pulled out. And and I predict that this will be a New Year's Eve that none of us will ever, ever forget. I hope I wind up with someone special on that night... But then there's always my buddy Rags.
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JO wrote:

Kruggerands are heavier than other bullion products because they're alloyed with a stronger metal to make the coin more durable. But they still contain an ounce of gold.

To the person who asked, in essence, which was more important to have, food or gold:

We'll dispense with the obligatory admonition about King Midas. You sound desperate. Only a person in a heightened state of anxiety would ask total strangers about your own unique, personal circumstances.

In other words, only you know precisely how much food and other essentials you have access to as well as how much 'shiny shit' as one commenter so pithily put it.

While perhaps leaving you at a loss temporarily, it should ultimately empower you to realize this.