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In the Midst of Recession, U.S. Mint Releases $1,000 Coin

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What is also real besides gold is land/property. Only problem is that you have to pay taxes on land, while gold coins can sit in a safe and not be taxed! We are already buying land for a ranch with our paper money. The gold coins we will hold on to.
The government is printing trillions of dollars to bailout banks, etc. Unfortunately Germany, Argentina and other countries did the same in the past and ended up with hyper-inflation due to worthless money. Gold will always be worth so many barrels of oil, etc.
You can mine more gold, but your cannot easily manufacturer a trillion dollars worth in a couple of months. Gold will keep it's value.

Alex Hamilton of WA 9:14PM January 22, 2009

What is the ultimate money?
1. It must be portable.
2. It must be indistructable (can not just disappear).
2. It must withstand the test of time.
3. It can't just be created from nothing or counterfitted).
4. It must hold or increase it's value long term.
5. It must be in demand at any place at any time.
6. It must be divisible into any size and units.
What fits the bill? Stocks? Paper money? CD's? Bonds? Credit cards? These can be created from nothing and erased into nothing.
GOLD.
Most of the gold in the world is still sitting in govt and central bank vaults.
What's left for private investors would be like throwing a handful of crumbs to a crowd of hungry investors. The hungry investors want something real and something tangible. Not some digits that can be created in the trillions and then easily erased in the trillions. The mob of investors are starting to get hungry and will soon realize there's only so little real money left.

of CA 7:38PM January 22, 2009

I bought one too! I cannot wait to receive it!

KL of MT 5:44PM January 22, 2009

Gold is money, has been money for 65 centuries in fact. So look at the purchase of this coin as not spending money or wasting money, but merely an exchange for real money. Gold has never been worth "zero" in all of monetary history. That is more than the famous Lehman Brothers, Bear Stearns, WaMu, and other investment firms that are now worth "0".
I purchased this coin for many reasons. Gold was probably third or fourth on the list. Number one is the shear beauty of it. This was and is the most beautiful coin struck by the US mint back in 1907 and now again. It is art. It could have been a silver coin, it mattered not. The history surrounding this coin would be number two. It represents a bygone era of our nations history, where real money circulated and the dollar was stronger than ever as it was tied to gold. The time when saving something Americans did without losing their savings to inflation, and a constantly falling dollar. This coin is a piece of history. The third reason would be that it is gold. Gold is perhaps the safest place to store ones wealth. Gold has outperformed every other asset class in the business world for 10 years running. Gold is up 300% since 2003, up 5% in 2008 where most indexes lost 40%. Gold is projected to hit over $2000/oz. by those who study and know the subject. With the greatest expansion of the money supply in history taking place right now, the death of the British Pound Sterling and US dollar is a reality. With the fall of these currencies, and them being placed on the trash heap of history, gold will remain.

Josh of MT 5:39PM January 22, 2009