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Was my post deleted?: Ok, then this is me reposting.

Posted: Sun Jan 11, 2009 5:03 am
by ShadyDexter
Or did it just not get on here? It was the one about gold.

Edit:
So, I took a job that will take me back to South West Asia (Iraq or Afghanistan) and they flew me out to DC for indoc before sending me here to Alabama for training. Unfortunately, at some point while I was attending school last semester I ran out of money and then credit. So, I tried to pull some of my longer termed assets out of a bank to pay for things till first pay check and they have, so far, refused to give me my money. This left me in an uncomfortable position, considering how expensive it is in DC and how long it might be before I get paid. But then I remembered that I always pack gold in my travel pack in case I can't get cash or cash is no good. *Shrugs* Didn't imagine this scenario when I started doing that, but ... worked out.

Re: Was my post deleted?: Ok, then this is me reposting.

Posted: Mon Jan 12, 2009 2:20 pm
by Flintlock Tom
ShadyDexter wrote:But then I remembered that I always pack gold in my travel pack in case I can't get cash or cash is no good. *Shrugs* Didn't imagine this scenario when I started doing that, but ... worked out.
Good planning, Shady. How easy is gold to convert to cash when the need arises, and do you have to take a discount on the value when you're in a hurry?

Image

Re: Was my post deleted?

Posted: Mon Jan 12, 2009 9:24 pm
by 308Mike
CByrneIV wrote:Didn't see it.
I didn't see it either.

Re: Was my post deleted?: Ok, then this is me reposting.

Posted: Tue Jan 13, 2009 1:46 am
by ShadyDexter
Flintlock Tom wrote:
ShadyDexter wrote:But then I remembered that I always pack gold in my travel pack in case I can't get cash or cash is no good. *Shrugs* Didn't imagine this scenario when I started doing that, but ... worked out.
Good planning, Shady. How easy is gold to convert to cash when the need arises, and do you have to take a discount on the value when you're in a hurry?
That is mostly one of those where are you at kinda questions. Most cities (even small ones like Prescott) have a coin and gold buyer. They usually go for about 95 to 98 percent of spot. That is not as well as you can do on ebay, but it does the job without the hassle.

So, if you can find a changer available, you are good. If not ... well, pawn shops and places that do the 'mail us your gold and we'll send you a check' are your other options. Sometimes if you are in a poor ethnically asian area (thai's and phil's) you can find one who will give you a very good deal on relatively short notice (their countries are PARANOID about currency debasement.) But that entails some bit of trust and/or less favorable terms.

Edit: Like that pic.