This topic contains 44 replies, has 15 voices, and was last updated by 
Freeman_K 2 years, 9 months ago.
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You have all the gold and silver you want. If you do not have the guns, ammo, and support to back up you wealth, when the collapse happened either the raiding hordes or the government para-military is going to role right over you. If that happens, pray the hordes do it, they will just kill you. The para-military forces will imprison you in a gulag to be worked to death as a slave for the rest of your very painful life.
Apologies Bro Faust – my feeling is that the facist forces at work here do not have a real army – they work via their political or feminist stooges.
If the economy collapses in a bad way – the police & national guard etc will have their hands full just trying to keep order. I am reminded of your words when were discussing a revolution in India that there will never be enough enforcement to enslave the population once they got out of control. I agree 100% with you on that.
I do not think the US will succumb to the fascists – my view coincides with others who believe that a period of civil unrest would develop that may run its course between 2 weeks to 6 months. That’s the prep period. Gold and silver may be useful to bargain with.
After that most likely there will be a new currency within 18 months – this is what the IMF is working on now. In between will be a lot of pain and gold / silver will come into their own. That’s how I see it as a worse case scenario. However I don’t believe in total anarchy or a fascist takeover.
History shows the former as a low probability event and there appear enough good people in the US to throw off a fascist challenge – once it becomes apparent this is happening. Like a 100 years ago in Russia in possibly a very similar set of economic circumstances but without the Bolshevik outcome,
Thanks Roy – absolutely prep first and foremost.
In my advancing years, I have noticed in myself a tendency to value my miserable hide! And devil take the hindmost!
Society asks MGTOWs: Why are you not making more tax-slaves?
In my advancing years, I have noticed in myself a tendency to value my miserable hide! And devil take the hindmost
I can relate to that. Strange that as the years go by – my tummy bulges and my feet and hair recede from my view – I love them even more!!
Would it make sense to buy a large bullion such as 1kg bar or better small 1oz bars/coins? And ok it makes sense that gold and silver can hold their value and are not as devalued as paper currency. But what I really do not see is what one will do to it when s~~~ hits the fan? Will you trade it for the same devalued paper currency or are you going to trade it in for food and physical items? But then the value of silver will be very relative and you might have a hard time negotiating…
And also I’ve been reading some analysis (take it with a grain of salt) that 1OZ of Silver may go up as high as 1000$ or close, some time in future. Is that even a possibility? If that does happen, then it will only make sense that paper currency is already devalued and is worth less than toilet paper.
MGTOW AKBAR
Would it make sense to buy a large bullion such as 1kg bar or better small 1oz bars/coins? And ok it makes sense that gold and silver can hold their value and are not as devalued as paper currency. But what I really do not see is what one will do to it when s~~~ hits the fan? Will you trade it for the same devalued paper currency or are you going to trade it in for food and physical items? But then the value of silver will be very relative and you might have a hard time negotiating…
And also I’ve been reading some analysis (take it with a grain of salt) that 1OZ of Silver may go up as high as 1000$ or close, some time in future. Is that even a possibility? If that does happen, then it will only make sense that paper currency is already devalued and is worth less than toilet paper.
These are good questions. My take on it is the same as Jim Rickards, Mike Maloney and others.
First off buy gold and silver eagles (1/2 or 1 oz coins) FROM A TRUSTWORTHY SOURCE and make sure you can sell them back. Try this for a very small amount (1 silver coin). These are accepted anywhere.
You can buy bars but do not go for too small (less than 1/2 oz) or too large ( more than 2 oz) in gold. You can buy larger silver bars (50 oz). The range above is good for most people.
Always buy sufficient silver eagles as your barter account. This will help during the initial stages of a crash.
Remember PM’s are to protect wealth so don’t worry about the general ups and downs. When the s~~~ hits the fan your PM’s will rise to their actual value (or climb) relative to other assets like land, oil food and essentials. There will be an upfront dollar value for PM’s but there will be a real higher value that will equate directly to essentials in the real world’s black market. You will not lose out if you know where to go and what this value is in your locality.
If silver goes to $1000 and a loaf of bread costs $100 then the dollar value does not mean much.
Gold & silver correlate directly with essentials.
In the short term after the crash you may need PM’s to exchange for essentials on the black market or even safe passage. You can sell the PM’s directly for stuff. People will take only PM’s if they can.
In the medium term when the dollar is hyperinflated you have not lost the value of what you had compared to your buying power – your total worth is hedged by PM’s.
In the medium or longer term (after a new currency is issued) if you have sufficient PM’s – you may sell them and buy stocks bonds land etc at the basement value when they are sold after the crash. PM’s may then come back down as people divest into hard assets and possibly new currencies. The value of PM’s may still be high depending on what the new money system is. You have choices to maximise.
The actual dollar value of PM’s is irrelevant in a crash – do not measure it that way – look at the value of PM’s compared to other assets. Then it will make sense.
I suggest you look at these videos.
At least in Cyprus they told the people they were taking their money. Here they are a bit more sly. Quantitative Easing. When that happens its like they went to your bank and helped themselves to your money err rather currency. It doesn’t have to be QE there are other methods of introducing more currency into circulation and every time they do, there are helping themselves to your bank held money/currency by devaluing it.
At least in Cyprus they told the people they were taking their money. Here they are a bit more sly. Quantitative Easing. When that happens its like they went to your bank and helped themselves to your money err rather currency. It doesn’t have to be QE there are other methods of introducing more currency into circulation and every time they do, there are helping themselves to your bank held money/currency by devaluing it.
That’s why you don’t sit on large piles of cash earning you 0.2% interest. If you have money in the market you shouldn’t exactly be doing bad right now considering the market is near all time highs.
At least in Cyprus they told the people they were taking their money. Here they are a bit more sly. Quantitative Easing. When that happens its like they went to your bank and helped themselves to your money err rather currency. It doesn’t have to be QE there are other methods of introducing more currency into circulation and every time they do, there are helping themselves to your bank held money/currency by devaluing it.
That’s why you don’t sit on large piles of cash earning you 0.2% interest. If you have money in the market you shouldn’t exactly be doing bad right now considering the market is near all time highs.
Exactly. Its hard enough to stay ahead of normal inflation.
At least in Cyprus they told the people they were taking their money. Here they are a bit more sly. Quantitative Easing. When that happens its like they went to your bank and helped themselves to your money err rather currency. It doesn’t have to be QE there are other methods of introducing more currency into circulation and every time they do, there are helping themselves to your bank held money/currency by devaluing it.
That’s why you don’t sit on large piles of cash earning you 0.2% interest. If you have money in the market you shouldn’t exactly be doing bad right now considering the market is near all time highs.
Until a few weeks ago I had six figures in cash in the bank. It was earning 1.05% interest which was the best I could find, but CPI is actually 2.3% so I was effectively losing 1.25% every year. This is in the UK and I still think CPI is going to go higher so I decided to put my money into an asset, so I bought a house as I didn’t have one already.
Actually buying a house was my post divorce goal all along, so I was able to put down 50% in cash and got a mortgage for the remainder.
The base rate in the UK is 0.25% and people are so addicted to credit that the government is printing more and more money under the guise of Quantitative Easing. What this effectively means is that the more money they print the less your cash is worth until it effectively becomes toilet paper. As was highlighted ahead, this is effectively the government stealing my money by devaluing it and making it worth less year year on year.
This is why Gold, houses, cars and shares are a much better place to store your money than keeping it in the bank.
For women, everything eventually boils down to Alpha Fucks, Beta Bucks.
I can buy gold directly through my bank, I don’t know what sources other people purchase gold from but I’d sue the s~~~ out of my bank if they sent me fakes.
I can buy gold directly through my bank, I don’t know what sources other people purchase gold from but I’d sue the s~~~ out of my bank if they sent me fakes.
As long as the dealer is reputable and there is a guaranteed buyback or you can sell it to another reputable dealer. This is of course before the s~~~ hits the fan. After that everyone will want to get it. Try it out for small silver or gold coins first to get the feel of what the process is. TRUST NO ONE.
DO NOT store the gold in a bank. KEEP IT SAFE outside. Even at home. Silver too.
Interestingly enough, an ounce of gold buys roughly the same amount of bread that it did thousands of years ago in Biblical times. (I accounted for the fact that a lot of modern bread is air, so by weight)
One concern I’d have would be an attempt by authorities to ban private ownership of gold or confiscate it. I don’t see that happening with silver.
My philosophy for investing in metals is to invest 1/2 in “lead”, 1/3 in silver and 1/6 in gold.
All my life I've had doubts about who I am, where I belonged. Now I'm like the arrow that springs from the bow. No hesitation, no doubts. The path is clear. And what are you? Alive. Everything else is negotiable. Women have rights; men have responsibilities; MGTOW have freedom. Marriage is for chumps. If someone stands in the way of true justice, you simply walk up behind them and stab them in the heart-R'as al Ghul.
Interestingly enough, an ounce of gold buys roughly the same amount of bread that it did thousands of years ago in Biblical times. (I accounted for the fact that a lot of modern bread is air, so by weight)
You are absolutely correct – the value of PM’s relative to items of real value is always about the same.
Just purchased my first bullion today 2oz. Ive already got some krugerrands which I received as gifts from a family member in the past. I probably could have got it cheaper but it was a reputable dealer so didnt want to risk it. Ive been intending to buy some for a while then after seeing all the crap thats going on with north korea I thought I may as well bite the bullet. If it doesnt go up much more in the next few months I’ll get a couple more. I would like to get some silver but like the fact its easier for me to hide the gold.
Just purchased my first bullion today 2oz. Ive already got some krugerrands
Congratulations
You are now your own Central Bank.
Silver eagles are a steal at today’s prices.
A few is all you need to live off if the s~~~ hits the fan.And also I’ve been reading some analysis (take it with a grain of salt) that 1OZ of Silver may go up as high as 1000$ or close, some time in future. Is that even a possibility?
It depends how far are you willing to zoom out. If you zoom out past 30 years you see depressed precious metal prices but zoom out for thousands of years corrected to be in 2000s currency and you will see that average monthly salary was 1 oz of silver for vast majority of advanced human history. Annual salary was 1 oz of gold and this ratio of 1:12 relates to the abundance of metals in nature which is around 1:12. So by this standards gold and silver are a steal at current prices. And silver more because there is no reason to not be a roughly 1:12 to gold apart from the EFT wizards from central banks that are manipulating market to keep the fiat orgy going on.
Only 0.04% of silver & gold trade ends in physical delivery and with diminishing new supply it is easy to see how precious metals can skyrocket to their historical value easily when shft or when panic sets in or when trust is lost in fiat. It is inevitable really, just a matter of time when currency manipulators with be hit by reality. I hope to see this.
Also what i find interesting is that i was reading just earlier today an analysis from some guy who computed the expected price of 1 oz silver vs amount of currency in circulation (based on historical ratio)and he came from other side to the same conclusion – 847 USD.
If there is one religion i believe in is the religion of precious metals. The only question is if you will die earlier than the fiat dip will be corrected and new monetary system built from scratch backed again by gold&silver. When Roman empire was falling apart it took around 500 years of silver debasement in currency to all fall apart – that makes around 10 generations that only saw each one lost 1/10th in lifetime, non really noticeable. Everything is happening much faster now though.
The choices we make, not the chances we take, determine our destiny
Freeman, you got me lost bro.
zoom out for thousands of years corrected to be in 2000s currency and you will see that average monthly salary was 1 oz of silver for vast majority of advanced human history.
So I was curious how you came about this, so I googled a bit, and this is what I found with a couple minutes of google not really digging too hard. I didn’t really try to fact check it too hard but I’m not really seeing where gold is going to shoot up to some much higher historical value.
http://www.hurriyetdailynews.com/roman-centurions-and-the-price-of-gold-today.aspx?pageID=238&nID=46042&NewsCatID=396
In 562 B.C., during the reign of the Babylonian king Nebuchadnezzar, an ounce of gold purchased 350 loaves of bread. Given the current price of gold, that works out to about $4 a loaf. Yes, you can get a cheaper loaf of bread – but the bread that many of us buy at a local bakery is that price.So basically using a loaf of bread compared to gold as an indicator…the historical value of gold wasn’t any higher.
The second example is more powerful because it focuses on wages. We tried to find a job 2,000 years ago that we could compare with today. We ended up looking to the military.
In the era of Emperor Augustus (27 B.C. to 14 A.D.), a Roman centurion was paid 15,000 sestertii. Given that one gold aureus equaled 1,000 sestertii and given there was eight grams of gold in an aureus, the pay comes to 38.58 ounces of gold. At current prices, this is about $54,000 per year.
The centurion who commanded 80 legionaries is roughly equivalent to a U.S. Army captain. The current wage for a captain is $46,000 – which is fairly close.
Again…not much of a difference 2500 years ago vs today.
Also that is a hell of a lot more than 1oz of silver per month/1 oz of gold per year.
Annual salary was 1 oz of gold and this ratio of 1:12 relates to the abundance of metals in nature which is around 1:12
Really wondering where you get this “fact” from as well. I could find no scientific data backing this up.
Current price ratios are more like 72:1…if there is any fact to that 12:1 thing, then I think all we really have is proof that gold/silver are susceptible to massive price fluctuations.
Also what i find interesting is that i was reading just earlier today an analysis from some guy who computed the expected price of 1 oz silver vs amount of currency in circulation (based on historical ratio)and he came from other side to the same conclusion – 847 USD.
So while you are trying to claim that silver(unless you had a typo and meant gold) is 4700% under valued, that article I posted has a link at the end of it…the people who wrote it are a commodity manager and a finance professor who have come to the conclusion that the current fair market value of GOLD is around 840 an ounce…not silver.
You gotta remember man…gold dropped 30% in since it peaked out 6 years ago AND we have had inflation during that time…so really its dropped 40-50% during that time after factoring in inflation. I think the article sums it up nicely. It may very well be over priced and drop more in the next decade. I don’t know what it will do any more than you do, but one thing is certain, recent history has proven that for an investment window that will span any of our life times, gold/silver are not immune to the boom and busts that any other commodities or investments suffer from.
Gold/Silver ratio was not at 1:12 but rather fixed for centuries at roughly 1:15, that was my mistake and that ratio mirrors the relative scarcity of the metal in the nature. And yes, silver at 72:1 is grossly devalued by the EFT trade wizards from banks, which results in less than 1% of trade in actual delivery.
Now this topic is my personal interest and i will come back later with what reliablie sources i can find, today not it has been a long week. But as said, gold and silver are natural stores of value due to the scarcity of the metal. With only 6 oz of silver per person in the world and with ability to get it at near production price it is a steal.
The choices we make, not the chances we take, determine our destiny
Now this topic is my personal interest and i will come back later with what reliablie sources i can find, today not it has been a long week. But as said, gold and silver are natural stores of value due to the scarcity of the metal. With only 6 oz of silver per person in the world and with ability to get it at near production price it is a steal.
With PM’s moving from West to East there is a large problem of backing the ETF’s. There have been defaults already and if there is a run on silver – which will happen in a crisis – the ETF system will collapse.
And yes, silver at 72:1 is grossly devalued by the EFT trade wizards from banks, which results in less than 1% of trade in actual delivery.
Or maybe they are both grossly over valued right now. I found these charts that adjust the value of an ounce of gold/silver for inflation for the last 100 years…
http://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
The only time gold has ever really been more expensive in recent history here than it has over the last decade was in the late 70s into the early 80s when we had a few years with double digit inflation.
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