Despite the recent drops in gold and silver from their all-time highs just a few years ago, the fundamentals for owning precious metals as long-term investments have never been better.
From a monetary perspective, governments around the world, especially in the West, have been printing money like there’s no tomorrow. This bodes well for precious metals strictly from the standpoint of currency debasement. As more paper dollars and euros are printed, the value of physical assets, especially gold and silver, will continue to rise.
Investors understand that this continued printing by central banks is a result of failed economic policies on a global scale. And when economic policies fail and nations are crushed under massive debt levels it often leads to political destablization and civil unrest. We’ve already seen such events play out in recent years in what some refer to as ‘periphery’ nations such as Greece, Spain, Ireland, and Iceland. In all cases, as angry citizens of those countries took to the streets in protest, the price of precious metals rose precipitously.
As Crush The Street explains in the following update on silver and precious metals, the aforementioned factors combined with production shortages and increased demand around the globe, suggest that silver and gold remain solid investments going forward.
Simply put, the silver shorts will be squeezed due to the real physical silver shortage that is upon us.
When this happens all hell will break loose in both the paper and physical precious metal markets.
Your opportunity is to own silver today… for less than the cost an actual mining company can even produce it for.
This investment is not an ‘if’ question, but a ‘when’ question.
The manipulation in the gold and silver markets is rampant. That major banks and investment firms are working side-by-side with central bankers to keep the prices suppressed has been documented time and again.
But like the machinations taking place in stock markets and the economy, the manipulations can old go on for so long before nature takes its course. When all hell does finally break loose, it won’t just be in precious metals markets. We’ll see widespread financial, economic and political upheaval all over the globe.
It is at precisely this moment that you’ll want to own physical assets that would include long-term emergency supplies like food (in case of a monetary event that wipes out our ability to exchange paper currency for necessities), productive land (on which to produce necessary commodities for trade), and precious metals (with which you’ll be able preserve wealth and trade for other assets when the time is right).
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Too bad our gold is all gone.
Screw the government… at this point we know they blew the whole load and what’s coming is unstoppable.
Just keep stackin’ — I have been adding to my (small) pile every month or two. Started at $9… stopped buying around $32. Silver at $20 is a dream come true.
I won’t get rich from it, but maybe I can trade it for some land or a cow or something if things get bad.
@Moon Shot:
You have the right idea there! Good Luck! Keep stacking. Remember: You count your stack in OUNCES, not dollars…a mistake lots of people make.
When the dollar collapses, and it will, your silver will be the only thing that ANYONE will take in trade, barter, etc. because its value will only increase. Last comment before I get off my soapbox: Don’t get too picky on what “kind” of silver to add to your stack. Whatever you can get at the best price, i.e. pre-65 coins are a great buy usually better price than silver eagles.
Good point David. Look at flea markets and tag sales too for cheap .925 jewelry. Usually can get it for pennies a lot of times people think it is cheap costume jewelry
IF the world continues on like it is the best anyone can stock up on is lots of water, water containers, water purifiers, canned food, ammunition and other weapons, find the safest location(s), and get ready. I know this is old hat about the survival supplies, but it seems like bad can go to worst in a very short time and immediate needs are the only things that are going to matter. Fast flash are two words that best describe what the world is right now, a big fat freaking mess.
B.I., I hope and pray everyday it doesn’t hit the fan. My boys are still to young. I need a few more years but I’m ready and don’t plan on bugging out I don’t see it lasting long with a noisey two year old. Lol But watch out world this little guy packs a good punch ask his 9yo brother got a fat lip tonight. Good luck to you and all it does
Agreed. However, prepping is not a singular strategy either. Doing it right means preparing for a multitude of unpleasant and pleasant possibilities. I agree that hoarding metals is not the first thing anyone should do. However, once one has a reasonable amount of food and water taken care of, it is not unreasonable to put some money into metals as a potential bridge to the other side of a crisis. Since no one knows when or if a catastrophic crisis will come, it is also important to prepare for life going on more or less as it has for the rest of your life. As with all things in life, a balanced approach is wise in order to not get caught off guard.
Sorry to respectfully disagree….PM’s will take a very long time to come back….most folks will be wanting foodstuffs..and seeds…and ways for light….etc. MOST will NOT have prepared at all….
I’m on your side there Feisty – in a slow slide paper will still be considered to have “some value” even if it takes more and more to buy the same item – and “they” will keep printing more and more so the masses don’t panic.
When it really goes belly up hard stuff to keep body and soul together will be THE currency – guns/ammo, tools, seeds, water security, food (both stored and the means to produce more).
Only after we come out of the dark ages will PM’s become a medium of exchange – and that could take quite a while!
My opinion anyway ……
Aussie
I sure wish I had bought silver and gold back in the 70’s and 80’s. I would be a rich man today! Everyone should buy as much silver as they can afford to right now.
I’ve been in the Silver markets since the 1970& 80″s and it hasn’t made me rich. This is rewarmed BS from 40 years ago, yes, it’s true, SOMEDAY. I’ve gotten old waiting for; someday. I still invest, but these people know no more than anybody else, someday they may be right. I invest some EXTRA money just betting on Gov stupidity, more people will have lost money on PM’s before “someday” than will make it someday.
I agree with Paranoid’s comment. I have been hearing this kind of precious metals sales hype for well over the last 12 or 13 years. So-called ‘experts’ cranking out videos, podcasts, and reports that are promising that gold and silver are on the verge of ‘exploding’ to astronomically levels. I remember when the first Silver ETF funds were opened – how these same ‘experts’ immediately seized on that as an excuse to predict major shortages of silver and they were predicting that silver would hit $50, $100, or even $300 dollars an ounce.
None of those predictions ever came close to being true, although I do believe silver did at one point – briefly flirt with the $50 range, but that didn’t last long.
Videos like these are being produced by snake oil salesmen who are trying to con you out of your FRNs, folks. Be very careful about believing the hype.
Having said that, I am not suggesting that people should not invest in gold or silver – but, just that they should not put their entire savings into precious metals. Set aside a little money that you can afford to use to buy a little gold or silver, but do not go hog wild and fall into these huckster scams.
A better precious metal that I would recommend people invest in is lead.
I see precious metals as a kind of “what if” insurance, not as an investment. I’m always thinking “what if” TPTB impose some kind of “banking holiday” and they don’t less us get to our money for awhile. Most people pay for stuff thats not even FRN, its just bits and bytes on a computer.
Its the same reason I save up lots of cash in small bills like ones and fives and tens. I’ll be damned if my head’s going to be on the block because the people at the top are as stupid as they are criminal
Ideals Mastering Power Creating All Life GOD IS
http://www.impcalgi.com
I must speak up to defend many of the “experts”. Their predictions, warnings, advice was well intended and would have been right on the money if it were not for this one thing. The amount of fraud and corruption and absolute power that the 1% have was not understood. And, really, who could have realized the shills in MSM. And level of collusion in Congress. Were it not for the manipulation — I truly believe gold would be $2000+ and silver flirting with $70.
So — here is my thought. Something IS going to tip the scale — ‘THEY’ will tip the scale when they wish to or when they are forced to. But it will happen. And when the illusion disappears, gold, silver, and everything of worth will skyrocket. I remember reading that gold and silver paper is leveraged 100 to 1. And gold – real gold’ is headed east at hundreds of tons per month. And north, and south as well. These two views of the world are set to collide and when they do _________, you fill in your own prediction.
I believe it would be prudent for those with extra money to be overweight gold and silver. Very little down side risk (maybe $2) but huge upside potential (maybe $50.)
But I too have been waiting and waiting.
I wish all men good luck. I think it is going to take luck to survive the coming storms. I am ashamed that my generation is basically at the helm.
Money is the root of all evil. Kinda says it all.
It’s been fun speaking my mind — I hope it is useful.
mikey
Yes I would trade some lead for some silver but the trouble is where I live you cannot buy lead at any price without risking the police at your door.
Nice to know our government trusts us and does all it can to make sure we are left like the people in Gaza that have nothing more than sticks and stones to fight back with.
While the article is right and silver is the best investment one can make with extra cash, I get tired of people telling me how much it may one day be worth in US dollars as a reference to that fact.
The price is manipulated, and will be until the US dollar goes extinct.
Silver will only have real value when compared with real money, which will be what is left AFTER the fiat dollar goes extinct. Odds are, a silver quarter will buy you a gallon of gas just like it did in 1964.
Buy silver, yes. Gage it’s future value in FRNs or todays world? No way. The price is at an all time low, but it’s true value will be higher than ever once it is no longer priced in the currency the banksters print.
I used to have to travel about thirty miles to buy gold/silver. Just this month I tried JM Bullion – theirs is the ad at the top right of every page on this website – and not only was it cheaper than the store I used to go to, but it was fast. I had the metals I ordered in about four days. Plus they say that once you’re an established customer, the delivery times usually lessen.
I can’t overstate the urgency of buying metals now. It’s not for investment purposes. The reason to buy metals is for wealth preservation. In other words, say you spend $20 dollars at the store today. That’s about the price of an ounce of silver.
Then inflation hits, and your $20 of groceries now costs $500. Fortunately, the value of your silver has also increased to $500. So your wealth has been preserved.
Those who say “you can’t eat gold” need to realize that there will always be an economy of some kind. If the economy we have today crashes, we’ll see a black market economy. Gold/silver will be indispensable.
Why? Because metals are REAL. They aren’t some Fed note which is useless. Metals are better than Dollars, Pesos, Euros, Rubles or Yuan. Because metals are real. Why do you think China is buying all the gold it can get its hands on? Why do you think India is buying all the silver it can find? Because they can read the writing on the wall.
When everything goes black in the US, you’d better believe that there will be looting. Can you imagine a looter coming across some gold/silver coins in someone’s house and saying, “Nah, this stuff’s worthless.” Of course not. It’ll be one of the top items they’re looking for, because it’ll have REAL value.
I am absolutely stockpiling ammo and other good barter items. But a crashed American economy doesn’t equal zero economy.
A cheap – but slow – way to get some gold/silver is to scrap old computers and cell phones. You can save the precious metal parts and refine them yourself. There are lots of videos on YouTube showing how to do it.
“Simply put, the silver shorts will be squeezed due to the real physical silver shortage that is upon us. When this happens all hell will break loose in both the paper and physical precious metal markets.”
The silver shorts are squeezed every Sunday, religiously, for the past 55 Sundays. Nothing has happened. Nothing.
Invest in gold, horde your lead. Own some silver but at this point let the Silver Barons who are highly leveraged and over weighted in silver, who need YOU to support their physical position, do the speculating.
While the cost to mine silver directly exceeds the value of the metal extracted, most, MOST silver is produced as a by-product of Copper. Watch the price of Copper. And the Baltic Dry Index.
Famine is coming to America and the entire Northern Hemisphere. Buy more food, water and ammo instead. 🙁
BTW: Every time Daniel pushes silver as a “buy” the price drops within a week. Every FUCKING time.
Short silver. 🙂
DK: Yes beans, bullets, and band aids first, but then what? In the long , or even medium run, you’re going to need things you run out of or need services you don’t have like say, a dentist. You’ll have to trade/barter something. If the dentist, gunsmith, or whoever, doesn’t need what you have to trade you’re S.O.L. Are you going to trade some of your food or ammo? PMs have held a place through thousands of years and hundreds of wars and collapses. Bullion should be a (small) part of everyone’s preps.
DK, I especially agree with your last sentence on buying more food, water, ammo, etc. I always invest in the things I know will help me stay alive. The “dividend” I receive from my investments is “peace of mind” knowing I am prepared for whatever life throws at me.
“”” Every time Daniel pushes silver as a “buy” the price drops within a week. Every FUCKING time.”””
That’s because the banksters are getting afraid when these recommendations come out from someone some people may listen to, so they slam the paper price to keep people out of the market.
By the way, the gold supply is many multiples of the silver supply. Almost all of the gold ever mined is still in existence, while silver is heavily consumed and has many more uses. Almost all of it ever mined has been consumed, or stashed away by people like us.
If you walked into a government office with a silver dollar in your pocket, your are the wealthiest guy in the room. Everyone else is carrying debt.
Who cares about gold and silver when this delightful event is now on the very near horizon…
https://www.youtube.com/watch?v=akX3Is3qBpw
It’s about time!!!!!
Endeavour silver said that more comes from lead/zinc mines than copper. about as much as coming from primary silver mines. See here:
http://www.youtube.com/watch?v=M3uNsEfgZXY#t=0m50s
So, I was talking to my neighbors friend over the weekend. He joined the Air Force, did his boot camp, has all his college credits, and was set to become an officer. He received a letter from the DoD stating that they no longer can afford to pay his class of entrants and would like him to walk away from his contract. Ladies and gentleman, the collapse is coming. If I had a guess as to when, I would say before the next presidential election. That why when tragedy stikes the current “elected” official has an excuse to exercise another ridiculous executive order to keep himself in office. Everything is going to come to a head. Wether the masses who are already tired of incumbent politicans decide to revolt, or the greedy banksters run on ALL of the money. Our society is going to change. Who comes out on top will decide if it is for the better or not! Get your heads out of the sand, enough of the lip-service prepatory talk. The time to act will be soon!
RTP
@ real time, my sons are home for vacation. The middle son told me they are heating the trays of freeze dried food they serve in the field(?) or wherever in the chow halls now. And they’ve cut the portions. He says everybody leaves chow hungry. They were told not in the budget for fresh food, they using up what they have. He said he ate better in Afghanistan. That’s just bullshit.
Ha! It seems like only just “yesterday” this buffoon named Durango Kid was saying, “Invest in gold, speculate in silver!”.
That was at ~$30 per ounce!
He says now, “Own some silver but at this point let the Silver Barons who are highly leveraged and over weighted in silver, who need YOU to support their physical position, do the speculating.”
And then he says this, “Short silver. :-)”
Yeesh, ever a flip flopper, not good for nothing? …Except maybe supporting the empire in every word?
I feel bad for those who took his advise to buy real estate in places like Arizona a few years ago. Just more of the same, “support your local gooberment” B.S. on the road to empire.
Beware.
Greg8: I believe in precious metals. I believe that everyone should own them. I own a precious metals mine and it includes silver. I suspect I would benefit from a sky-high silver price, more than anyone posting here, including Daniel.
Everyone should own some silver.
But everyone here should have all the silver they will ever need by now. The propaganda from Daniel is in support of his billionaire mentors who need continuing demand from US to support their balance sheets.
The PTB continue to beat the price of silver down because it is more valuable to their industrial uses as a coating on a couple of electrodes that turns plastic for pennies into $400 iphones and high stock prices.
At this point, Daniel is a paid silver shill, trying to use US to protect his buddies and profit from US. 🙂
Helot/CLARK: I have NEVER suggested that anyone should buy silver at $30 an ounce. Never. Show me in the archives where I said that, and prove it to everyone here by providing the link.
Are you blowing the silver barons too? 🙂
GC: I agree. But if the PTB are going to slam the price of silver every time it exceeds their acceptable parameters, then it makes NO sense for the average Joe to buy it as an “investment”.
All those purchases do is support the balance sheets of the Silver Barons who are trying to use US to support their wealth. Don’t buy into the propaganda.
I suspect you have all the silver you need at this point. 🙂
CTS: Yes Daniel more silver may come as a by-product of lead and zinc mines than from silver mines, but when copper mines are at full production, MOST of the copper comes from them, if only because of their sheer size.
A fine point, but one you should understand if you are going to push this silver propaganda to the masses. You do US a disservice, Daniel. 🙁
DK is neither rich, studly, or smart. He/she lives in mom’s basement.
Yes, that’s called urban mining
http://www.youtube.com/results?search_query=urban+mining
I got down and out a bunch of years ago and had to sell my silver coins to eat and buy gas. I found out then that your gold or silver is only worth what the next guy is willing to pay you for it. I did not even get spot price.
I still have a little bit of silver, but for the most part, I will not go out of my way to purchase any precious metals.
Beans, rice, canned food, solar panels, seeds, bullets, etc, etc, etc. That is what I buy now. I may not have the silver to trade but I will be getting plenty of it, if I want it, when SHTF.
I only buy what I use. BUT if other people can afford it, don’t have three gardens, and 50 fruit and nut trees, and you think that is the right way to go, then I recommend buying metals. The problem is, nobody really knows what is really going to happen. So their is not a certain way for everybody to prep. I would not say a right way or a wrong way, but who is the next guy that is telling you that you are not preparing the right way.
Everybody has to prepare the way that is right for there family.
I prepare to bug in, bug out, and last but not least, walk out. Three ways. That is the best that I can do. No or very little precious metals in my plan.
When you buy online, you are announcing as of how many ounces are in your possession .
When SHTF happens, they will nock on your door first cause all of your purchase transactions is also on the fed computers too. One has to think of all the angles to the future SHTF.
Protect yourself and your family.
What you say about JM Bullion is true, I WAS buying from them almost monthly. BUT NOW they’ve started only shipping orders of $100 dollars or more, so I can’t just and another OZ of silver to my pile.
$20 a month I can wiggle out — $100, not so much. I’ve taken my business elsewhere.
“so I can’t just ADD another OZ of silver to my pile.”
I wish we had an ‘edit’ button…
Barter ammo?!
Only stupid people will trade ammo!!
It will more than likely be used against you!
Sorry to rain on your parade, but a poison tipped dart, dart tipped with urine and fecal which will fester later on, or crossbow bolt from 40 yrds can cause death too.
Death doesn’t just come from a bullet.
If they’ve gotten close enough for you to know what they wish to barter for they could easily put 10″ inches of steel in you, slit your throat, or toss a fuel bomb at you.
My biggest fear is being molotov while in side my home or while asleep. I don’t care what anyone says or how many guns you own, no gun in the world will save you from a fire bombing and smoke inhalation. The worse part is IF by chance you manage to get away EVERYTHING you worked so hard for is GONE, and that’s if you survive being hunted down.
Something to think about. A good investment is fire extinguishers too.
There’s no way to be 100% safe in a SHTF.
Just my 2 pence, hope this gives insight to someone.
Grafique
Nahhhh…. Goldmart…. NTR 10 ouncers @ 0.79 over spot…
They LOVE me……
I used to buy GAS for $0.25 cents a gallon with a silver Quarter. TODAY I CAN BUY $ 4.70 WORTH OF GAS WITH A SILVER QUARTER.
PRECIOUS METALS WILL KEEP YOUR WEALTH INTACT. YOU WILL ALWAYS BE ABLE TO GET WHAT YOU NEED WITH PRECIOUS METALS.
FIAT CURRENCIES will not get you anywhere anymore.
GOD SAID ONLY GOLD AND SILVER ARE MONEY.
I already dumped all of my Silver back in March of 2012 when it hit $42 an Oz, and still climbed higher to $48 mark for a few days. I saw the “Hockey Sick Chart” and dumped all I had. I laughed all the way home. Still laughing.. What is it today? $20.60 lol Half Price again.
WWTI
Do you plan to get back in silver? Good that you made a killing on a pump and dump scenario. Even at $48 an ounce there was still silver available to buy because of those who sold.
The next big run there will be no silver and maybe gold too, for any price. Yes, cash will be king for awhile but those burnt will shy away and the beginning of a gold back currency or a basket of currencies will dislodge the world reserve U.S. dollar. I fear the return of
Dollar Reserves held in foreign banks. Good cause for hyperinflation.
Maybe you brought land with your profit?
Just my take.
Slingshot: Remember all of the maniacs that were screaming “dump the dollar!” and “the Chinese will stop using the dollar” ? Guess again.
The “Belgium Bulge” …. that mysterious buyer that (I won’t name names to protect the embarrassed) claimed was the FED buying US Treasury’s in the Euro Clear Market???
It was China to suppress its own manipulated Yuan. 🙁
And the last US Treasury auction??? Three times over subscribed. Meaning demand was three times greater than issued supply. No hyperinflation because the FED has been taking with the Left hand what it has been giving with the Right.
Just one example: massive housing foreclosures were a MASSIVE dollar destroying tsunami. So dollars have only been reallocated from housing to equities, and from the Middle Class to the Investment Class. 🙁
Not to worry about all of those dollars off shore. They are being recycled into the US bond and equity markets as I mentioned they would be, here, a couple months ago.
Those “excess dollars” will disappear soon when the Dow crashes and stocks lose 60% of their value. Problem solved. 🙁
DK.
Those off the book numbers by the banks in the mortgage defaults were not suppose to clear till mid 2016. Now they have started up again with those loans that got them in trouble in the first place.
If I had a business and had two sets of books, I would go to jail if the IRS found out.
The only way we are going to see the end of this, is when it goes down in flames. And don’t tell me that our local banker’s do not know how the system works and what is truly going on. Man do I have a case of the ass for them.
Slingshot: The local bankers do not have a clue as to what the GB are doing unless you live in a major city and you are talking about upper management.
80%-90% of the people employed by the banks are “zombie bankers” and don’t have a clue as to how it all works. You have to move up the chain to find those that do and who are culpable.
Kill the FED. Death to the North American Union. 🙂
Slingshot: BTW, the reason those sub-prime loans are starting up again is because the GB’s need the fees and the loans to meet their quotas so that they can justify their HUGE end of year bonus’.
And when the FED is willing to backstop their losses with taxpayer funds, there is NO risk to them. 🙁
Mexico may back the Peso with silver again. If they do you will not be able to buy Silver at any price. Silver is going to go through the roof. As soon as they figure out there is thousands and thousands of tons of more gold than than they have been told SILVER AND GOLD will trade places.
Gold is nice, silver is good, ammo is better.
I’ll put my money on “Brass filled with Lead” any day.
Like my gold. Like my silver. Love my lead.
Opening up a brand new box of LAPUA brass and thinking of the possibilities is priceless!
Balance in preppng is the key…first cover ALL of the bases with some of each thing and then as your preps are completed in certain areas you can concentrate $ on others. After securing a nice backstop at $9 and $990 we made metals the final category of max effort in our plans.
We moved to a good spot and put complete “off grid” capability first, 1 square mile perimeter defense with OP’s and food / ammo caches came second, a 1 acre fenced food garden came third. Water filtration and redundant water wells were fourth and so on…
These were only the big picture items. You need to be able to preserve food in quantities. You need to be able to make beer. You need so much I can’t even think anymore!!! Back to the LAPUA brass…
I don’t think gold or silver is going to help anyone in a collapse. If I was hungry, you can keep your gold and silver, I’ll take a chicken in trade for 5 rounds of .22LR. I know that currency needs to be backed by something, but that horse left the barn a long time ago. Just my .02.
yes, thats the idea; to use it later to buy useful assets like land/food storage.
Land is not an asset if shit happens and who’s to say who owns what land when the paper is burnt down at the bank.
The asset is nothing more than clay and will be free for the taking if you want it and know how to grow stuff and the land has any life left in it after growing GMO crops for a few years.
Lead is the best asset and with that i will take your land if i wanted too hold up a big red flag to a bull.
Better to relax and do some fishing me thinks.
Don’t hold ya breath
No it’s NOT !!!
Karen Hudes says we still have 175,000 tonnes of available gold in a secret hidden location that only Space Aliens know where it is. 😛 😆
Yeah, Ive seen a few of her interviews.. Don`t them make you push your chair back from the desk, look out the window, and check the color of the sky ?
In my best attempt at a Foghorn Leghorn impersonation.
“I say, nice lady but sometimes she sounds nuttier than a payday bar”. 🙂
Hudes says other things re the economy worth noting. She claims the banksters are going to fall from power with the collapse and a new economic system will save the people. She mentioned Silvio Gesell’s system. It is a system where money cannot be bought and sold at interest; can only be used in its exchange function. I have believed for years that this will be the one-world currency system because it will have to be electronic to facilitate the devaluation of hoarded money. You have to spend it to keep it. So she is giving out the disinformation the banksters want to make us go along with it. Then their control over us will be complete!
Very perceptive. Digital money will mean economic enslavement. Resist it!!! 🙂
Peter Griffin says it’s in Richard Gere’s butt.
I am still trying to wrap my brain how someone who has a cow or land will want to trade it for a block of silver. Silver doesn’t give milk and you can’t plant corn on it. Maybe I am missing something…..or maybe not. 🙂
@puzzled….
And why would someone want to trade those items for a little piece of paper with green ink on it?
It’s all about perceived and accepted value.
Perhaps the person who has the cow or land simply wants to move somewhere else. Can’t very well take the land with him. And the cow might be a problem as well. So….he sells it for something he CAN transport easily. And someone, somewhere, will then exchange whatever it is he wants to sell for the same silver or gold.
It’s a medium of exchange. That’s the definition of money. PM’s are simply a medium of exchange that has been recognized as having value. A lot of different things have been used as money throughout history. PM’s have been most consistently recognized. They are valued because they are easily recognized and portable. You can concentrate a lot of wealth into a small package. It’s much easier to carry PM’s than it is to transport cows or chickens.
Yes….there are times when the ONLY thing of value are what can keep you alive right now. But eventually…..when the dust settles….there has to be a medium of exchange if there is going to be trade. But I will agree that in a time when there is no rule of law, other things will be far more valuable than PM’s.
A person just has to be smart enough….and in a way….lucky enough to know WHEN to hold the right thing.
Civilization makes that choice much easier. SHTF makes it much more difficult to figure out.
Awesome comment, Walt Kowalski.
If you have a cow and land someone will come and kill your Cow and eat it and will shoot you at the same time. If you have a silver bat then you can buy the food you need. You will not keep your cow with starving people around.
PHYSICAL Silver and Gold are great PM’s…but I’m partial to silver myself due its outstanding antiviral properties. Silver is actually a *better* conductor than gold as well.
Remember though…if you don’t have *physical* possession of your PMs…you don’t really own it.
Wise words!
There seem to be quite a folks here that have invested in PM’s. I’m considering doing so. I’ve done some research on company’s that supply PM’s retail, but have found as many negative reviews as positive ones, making me reluctant to deal with any of them. Could any of you folks recommend PM retailers that you have experience with that treated you fairly, especially any that you have had a long term relationship with?
I’ve always dealt with APMEX. You can certainly find Silver Eagles cheaper but I tend to stick with the reputable place that has proven to be reliable time after time.
i do to used apmex they are good to deal with
watch for the markup and bring a magnet with you, real silver will not have any magnetism at all! Some smaller stores might sell silver for over the spot price by a few bucks per ounce. If spot silver price is 20 bucks and they are asking 26 an ounce go find somewhere else. They are charging way too much. a few bucks over spot is all you should pay, most of us know that but a lot of us do not know that. I’m not saying it has to be those exact numbers but check around for better deals where you are. Some smaller stores have good prices and others have really trashed up silver they want to sell you that look like its been in circulation for years.
I buy from either Gainesville coins or JM bullion. Both have treated me very well. I have zero complaints about either company although I have always thought JM ships a bit quicker.
I can vouch for JM Bullion as well. Prices fair to good for spot, plus shipping was good.
One word of caution- you *may* want to consider smaller pieces 1oz- 10oz MAX as the counterfeit ones are usually the larger bullion bars. There have been several rounds and even small bullion of Gold that were tungsten filled. Gotta watch out for that.
Easy to tell with cheap counterfeiters *if* they use cheap ferrous metals (magnetic). You can put a STRONG neodymium magnet against the bars or rounds to see if they are magnetic and/or check the resistance level.
Silver is diamagnetic in a strong enough field it will float!
h t tp://en.wikipedia.org/wiki/Diamagnetism
Diamagnetism is a very general phenomenon, because all electrons, including the electrons of an atom, will always make a weak contribution to the material’s response. However, for materials that show some other form of magnetism (such as ferromagnetism or Para magnetism), the diamagnetism is completely overpowered. Substances that mostly display diamagnetic behavior are termed diamagnetic materials, or diamagnets. Materials that are said to be diamagnetic are those that are usually considered by non-physicists to be “non-magnetic”, and include water, wood, most organic compounds such as petroleum and some plastics, and many metals including copper, particularly the heavy ones with many core electrons, such as mercury, gold and bismuth. The diamagnetism of various molecular fragments are called Pascal’s constants.
TESTING COUNTERFEIT MORGAN / PEACE SILVER COINS FAKES
h t tp://www.youtube.com/watch?v=3gUjuS5TzwI
The sliding starts at 2:45.
http://www.usagold.com
Michael J. Kosares
Check out Another and FOA
I have gotten fast delivery from Apmex.
NV, I bought most of mine from Ebay, a little at a time.
Never had a problem…
Navy Vet, as I said above, I used JM Bullion for the first time just this month. They were cheaper than my old brick-and-mortar store, and they were fast. I highly recommend them.
They have an ad at the top right of every page on this website.
APMEX is the best! They will buy their silver back from you at spot if you need to sell it at a later time. I have nothing but great things to say about them.
I use Westminster mint. Been very happy with them. And in general silver rounds they have several designs to pick over.
@NV; If you need silver in any quantity Northwest Territorial Mint has the best price. They also have free shipping and insurance. You can find “cheaper”, but you’ll pay shipping and insurance and that adds up to a significant premium in the end. They do deal in quantity (quarter, half and full bags; $1000 face value = full bag) and they are slow sometimes. They will also buy it back. A few suggestions if you are new to this. 90% silver is the best deal, these are pre-1965 silver coins (no nickels). Buying Silver Eagles has a premium that doesn’t justify their cost as a “bullion” asset. DON’T BUY COLLECTIBLE COINS, THEY AREN’T WORTH IT. Don’t buy plain rounds or ingots, they are too easy to fake and to hard to verify their authenticity. The coins are recognizable as “real” money and can be sold as bullion without the necessity of having it assayed. If you buy rounds (plain generic silver “coins”), ingots as well, you have to have faith that they are what they are said to be, also if I haven’t seen it before, I don’t know what it is, and will not barter for it. Just sayin’. Hope this is helpful. Be Well.
What is your take on the war nickels which are 35% silver? I can usually find the nickels under spot.
Nickels are great they contain the highest face to silver value. Just bulky as thay are 35% silver but would be good for small purchases. Heres a site that tells you the melt value.. http://www.coinflation.com
I’ve been purchasing from Provident Metals for going on five years now, and have always been satisfied.
One thing to remember is you have to read descriptions carefully, as you will get what is described. I’ve read bad reviews, and some of them were for items that were described as “our choice of dates,” or “our choice” and the people gave them a low rating because they didn’t get a variety of dates or a variety of different coins they had hoped they’d get.
I’ve always found Provident a good source and they are very cost competitive with the other “Big guys”. Less marketing expenses means lower price for the consumer.
I like gainesvillecoins dot com for on-line purchases but have also used some of the others. The best “local” dealer within 100 miles of us is scoins dot com (scotsman coins), they also post their prices and take phone orders.
To compare prices from multiple on-line dealers at once try comparegoldandsilverprices dot com
Thank You all for your helpful comments.
Provident Metals. Great site. They’re also accepting bitcoin soon
http://www.providentmetals.com/pr/provident-accepts-bitcoin-dogecoin-litecoin.html
Navy Vet , I’ve been buying over the last year from apmex so far they have been great to deal with. Just keep in mind the fact of privacy if you don’t want big brother knowing you own metals then buying online might not be the way to go. Myself I buy private and from apmex.
I have used eBay (not a great experience for me). I’ve also used providential metals.
monarchpreciousmetals.com will treat you right. A very good company. They always have rounds for $ 0.69 cents over spot price.
PMs are a scam. Nobody will take them in SHTF. The buyback program by these companies is pennies on the dollar. Forget this stupid bullshit and get a Kevlar vest and a helmet. Cash is king.
Were you around in the 90s? Do you remember Zimbabwei? Their “cash” went to 100 TRILLION DOLLAR notes. Now, if you want that, then stay away from silver. My recommendation is pull your head out of the dark place it is and do some research on silver. DO IT! I may have just saved your life!
LOL! Too funny.
When it takes $1,000 to buy a loaf of bread cash will still be king. Until it’s totally worthless.
I have most of my savings in PM’s. My buying power is protected regardless of what retail prices are.
I know PMs are valuable, but I gotta say I am glad I don’t have many because trying to survive will be hard enough without trying to defend a cache of gold or silver. People still occasionally find those treasures….owners who never came back for them.
On the upside, I got a good laugh out of this joke today…saw it on a Yahoo post….you may already know it, but had to share:
A man arrives in Heaven !!
As he stood in front of St. Peter at the Pearly Gates, he saw a huge wall of clocks behind him. He asked,
“What are all those clocks?”
St. Peter answered, “Those are Lie-Clocks. Everyone on Earth has a Lie-Clock. Every time you lie the hands on your clock will move.”
“Oh,” said the man, “whose clock is that?”
“That’s Mother Teresa’s. The hands have never moved, indicating that she never told a lie.”
“Incredible,” said the man.
“That’s Abraham Lincoln’s clock. The hands have moved twice, telling us that Abe told only two lies in his entire life.”
“Where’s Obama’s clock?”
“His clock is in Jesus’ office. He’s using it as a ceiling fan.”
Silver and gold are money. I don’t expect to have any by the time the collapse happens. I hope to have enough warning to buy 100 lbs of potatoes and lay them on the floor of my basement along with at least 5 lbs of margarine. It’s cold there most of the year. It’s the closest thing I’ll have to refrigeration when the time comes.
Don’t forget some raw honey and salt.
Acid, in spite of your rude and foul comments, I’d hate to see you starve to death one day. Get a little silver just in case.
I would agree with him that a vest is probably the best money he can spend. The way he runs his mouth I can see that really paying off for him.
A .05 cent .22 round in the Bakers head will get you a full Store load of bread. Many people will have no civilized thought about paying for anything, when SHTF. Especially when they are hungry with 4 kids at home. Sure bring that bag of silver over here, and flash it around town big shot. lol Everybody better get street smart pronto!!! There will be no time for dilly dallying around. Go buy a bullet proof vest and invest in yourself first.
that would be assuming he is unarmed or doesnt have someone in the background that will pull a trigger as soon as you reach for the 22.
@M,
You have to realize that in whodoo’s world, HE is the only one that can shoot anybody. The rest of the world will just stand by quaking in fear of the almighty whoddoo. He really needs medical help in a major way….
I have read a lot of SHTF scenarios from the world wars to Selco’s events…and out of all the SHTF scenarios I have read about, when the shit is really hitting the fan, nowhere is anybody baking any bread. That doesn’t seem to reoccur until the most dominant party establishes the “new order,” and even then bread-making is seriously sketchy due to supply issues…so after about first couple of football seconds in a SHTF scenario, a person better have a backup plan in lieu of ripping off the baker.
By the way, speaking of bread…if the SHTF does occur and you CAN bake bread…bake a bunch of loaves…slice the loaves into slices and dry them out. You can then SPRINKLE water back onto the bread when you want to eat it, moistening it enough to be consumed (once moist, you can then toast it if you wish, if you can, as toasting changes it yet again to toast instead of a “dried” bread). Practice with it before the SHTF…amazing how well it works.
How about hard tack? never tried to make it before, but was told its lasts a lifetime.
GOD said we will work all day for a loaf of bread. I can already see that day coming and real soon.
Everything in this world has a price. All prices are negotiable.
Grocery store prices aren’t negotiable. Neither are gasoline prices.
Under the right circumstances they are.
perishables are, such as meat and bread.
I am still shaking my head at those here—heck, anywhere– that are worried about exchanging fiat/gold/silver for groceries OR gas.
Gee. You think those will even be available to we peons?
I think not!!
RE: “Gee. You think those will even be available to we peons?
I think not!!”
Oh, you mean like how the so-called Drug War has eliminated drugs?
Have you seen any of the films about the Warsaw Ghetto?
…If you had the cash, you got what you needed.
The Black Market will Never die, so long as men live.
Acid: PMs are a hedge against inflation. In an inflationary period cash is definitely NOT king. The idea that the buyback programs are pennies on the dollar mean that you have not done your homework. True they buyback less than what you pay, but it is usually about a dollar under spot. When you purchase online it is usually about a dollar over spot plus roughly a dollar per oz for shipping.
actually, gainesville coins buys back over spot. $1 over on something like 2014 maples, .75 on 90%’s.
Even if you buy monster boxes directly from the mint you pay more than $1over spot, Gainesville is making a killing on a large volume, low premium bullion business. My husband used to do really well on eBay, but now they want everyone to offer free shipping. He just doesn’t do the kind of volume required to cover that cost, so he does only collectible stuff on eBay now and sells bullion at shows. If you’re in NHin October check out the coin show in Manchester. Gainsville sets up a booth there. In 2007 I knew the SHTF economically was coming when I saw businessmen (gainesvilles table was back to back with ours) doings tens of thousands in business for bullion silver and gold. They were calling in overnight secured deliveries of bullion on thurs & Friday that year.
Eisen..you’re clueless!
OutWest, brass and lead have always been 2 of my “precious metals”.
Acid/Eisenturd, how would you know?
I like to think of acid etch as an a$$ itch.
Nopittypartyhere, I suspect it’s eisenturd posting under another name. When he first came on here, he was using all caps on some of his posts and calling us old people. those are the 2 dead giveaways.
That is all well and good –IF– you have thousands and thousands of dollars to throw around, (most do NOT).
The real nuts and bolts for the average person will boil down to how much food, water, water filters (survival stuff) you can buy ((FORGET GOLD)) for the average guy, he needs to survive and survive he will IF he has prepared properly. IF NOT, YOU CAN BE SITTING ON A TON OF GOLD AND STILL STARVE TO DEATH.
Another point is POWER everyone needs power at least some kind of power to survive and no, a generator and a hundred gallons of gas will not work because if the grid goes down and (Homeland Security says it will), It could go down for years OR NEVER come back on.
You need to learn how to make and use 12 volt power and how to convert your home to 12 volt powered lights, 12 volt electric blankets, 12 volt clocks, 12 volt coffee pots, 12 volt fans, 12 volt regeneration, 12 volt Evaporative home cooling, 12 volt TV & DVD player etc. And what you CAN NOT power 12 volt you can use an inverter and have 110 volt AC to power your AC devices. YOU can do tons of stuff with 12 volt power and the best source for all kinds of info on 12 volt power bar-nun is at: http://www.iplantosurvive.info
You said, The real nuts and bolts for the average person will boil down to how much food, water, water filters (survival stuff) you can buy ((FORGET GOLD)) for the average guy, he needs to survive and survive he will IF he has prepared properly. IF NOT, YOU CAN BE SITTING ON A TON OF GOLD AND STILL STARVE TO DEATH.
I don’t know if it’s sour grapes on your part or if you just don’t get it. I’m fully prepared. I have most of my SAVINGS in gold and silver. With that, I can buy food and gasoline regardless of what it costs in dollars. So if gas is $10 a gallon, PM prices will have gone up accordingly. So if food prices go up 10 fold so will the value of my silver and gold.
If you don’t have a sufficient supply of PM’s you could end up eating your stored food during hyperinflation before the collapse even happens.
Right now, we have about a year’s supply of grocery money in physical gold and silver coins that we have in our possession.
Like you said, having a large stash of gold is not going to do you much good in an all-systems-down situation. Just thinking about the practicalities of getting your gold moved around when there is no law and order, should convince most not to do it. Just look at what banks have to do to move around large piles of cash and PMs: a big ol Brinks truck, armed guards, etc.
The key to surviving is mobility. You need to bug out and you need multiple stored wealth options. And I include friends and allies as part of your ‘wealth’. They may be all you will have left. I have worked all over the world and can tell you from experience very few people in the West are hard enough to handle armed combat with experienced gangsters and criminals. Fighting it out with them will be a very bad idea.
Look at how ruthless the ISIS terrorists are in Iraq/Syria (heads on poles etc.): that’s how bad asses behave in an shtf.
Better to avoid conflict and be fluid. On the plus side, all the ‘roided ‘heroes’ out there will be getting themselves killed and summary executed by the gangsters, which will give you a window of opportunity to bug out. Leave them to slaughter each other. The gangsters will then move on to mass rapes, which should also keep them busy for the first week or so until the women they are attacking get a bit gamey if you know what I mean. By that point, they will turn to you (“what’s a man but a women just needing to be flipped over!”) but hopefully you are long gone.
Millions more are twisted like Frank’s Thoughts. This is why I like this website, you get a real feel of what the real America is thinking when SHTF. Its Mass FUBAR!!! There will mass rioting, raping, stealing, thieves, cons, arsonists burning anything and everything. And what you going to do Skippy? Pull out a few silver coins to offer the looters not to loot? Bwhahahahaaaaa……………..
I guess the band ‘Bloody Rectums’ makes total sense now…
No whoddoo, he’ll do what YOU do, which is hand out a little food and then say ” Hey, go next door to my neighbors house, he’s got lots of food!”
Gold is worth about $20,000 a pound. It’s very portable. You could even have 10 lbs of it in your suitcase and that would be worth $200,000 at today’s prices. If I had a lot of gold I’d have half of it in 1 oz coins. The rest in 1/4, 1/10, and 1/20 oz coins. Even if 1/20 oz gold coin is worth $85.
Gold would be a good way to bribe your way out a jam if criminals or people from the government stopped you at gunpoint.
…sorry BC…but they’ll still point the gun at you after they take the bribe and then ask where the rest of it is. It will be a very dangerous item to display
Funny you should mention that. In process of becoming able to live off 12 volts now. Monocrystalline 450 watt panels from Home Depot on the ol travel trailer (fall back for grid down) with home made 12 volt swamp cooler (Desert). Brilliant TPI.
You do know eventually the battery’s will need to be replaced.
I agree with you about the solar…etc, but long term out to 2, 5, 10 years even the most prepared prepper will return back to the old ways and eventually everyone will be living like our ancestors did 150 yrs ago.
We’ve become to dependent on technology, in a SHTF the real survivors will be people like the Amish. Perhaps they’re not so backwards after all.
sorry O/T
ht tp://www.youtube.com/watch?v=b67OGUsQC44#t=591
what your not being told about flight MH17
I couldn’t agree more with this article/video. I dumped my savings/401K/IRA in 2007 and bought real, tangible assets.
I think a lot of events will take place in close succession with each other to bring the world to it’s knees: war, economic collapse, pandemics, Yellowstone caldera erupting….wow…lots of bad stuff is coming our way very soon.
Get it while the getting is good…
Take care of your parents, you will wish you did one day…
Enjoy.
Their three kids, all successful, agreed to a
Sunday dinner in their honor.
“Happy Anniversary Mom and Dad,” gushed son number one. ‘Sorry I’m running late. I had an emergency at the hospital with a patient, you know how it is, and I didn’t have time to get you a gift.”
“Not to worry,” said the father.
“Important thing is we’re all together today.”
Son No. 2 arrived.
“You and Mom look great, Dad. I just flew in from LA between depositions & didn’t have time to shop for you.”
“It’s nothing,” said the father.
“We’re glad you were able to come.”
Just then the daughter arrived.
“Hello and happy anniversary! Sorry, but my boss is sending me out of town & I was really busy packing
so I didn’t have time to get you anything.”
After they had finished dessert, the father said,
“There’s something your mother and I have wanted to tell you for a long time.
“You see, we were really poor, but we managed to send each of you to college. Through the years your mother and I knew we loved each other very much, but we just never found the time to get married.”
The three children gasped and said,
“WHAT?
“You mean we’re bastards?”
“Yep,” said the father,
“Cheap ones, too.
eppe…. lol man !
Eppe, this time I made sure I wasn’t drinking anything when I read the joke. Keep them coming.
Let’s hear it!
You can’t eat gold or silver.
Ever wonder what it was like to buy in at $4.00 silver and $254 gold?
I had real good investment advise from a major HONEST company. I tried to share the info with my friends and they said I was NUTS. Well every time I see they talk about that first day. You Know what? It is going higher. Why? because it will benefit the rich, IMMENSELY! All you need to do is have some within your comfort zone.
You do not have to argue with for I do not care if you agree with me on this subject.
As Heidi says, “One day your in and the next day your out”.
No, the prices don’t go up because that benefits the rich. Prices go up because the dollar is dying.
Yes Slingshot and why I dumped all my silver at $42 in March of 2012. You are right. lol Half price again.
Slingshot: I can’t drink Diesel fuel either. Doesn’t mean that I don’t have a couple hundred gallons always on hand.
Even if a person doesn’t believe in gold and silver it is a nice place to have your savings. I wonder how many people in Cypress would’ve been thankful to have a couple oz of metal stuffed in their sock drawer.
Colloidal Silver is excellent medicine. Just make sure you have distilled water to make it. The silver needs to be .9999 also.
The history of revolutionary violence is that it does not last forever. Eventually, some sort of trade and commerce reappear. That’s when intrinsic-value items will be usable. Initially it might be .22 cartridges and cigarettes, but eventually the old stand-bys of gold and silver will dominate. “This time is no different.”
As long as fiat money is used during a time of currency degradation, somebody will exchange it for gold and silver. The babble about, “You can’t eat gold,” is just to ignorant to be of concern.
Barn Cat
True! All you are doing is preserving wealth against the ravages of inflation.
I do not claim to have all the answers and I do not in any circumstances want to give bad advise. I just lay the information out there and you decide.
Have you noticed that the wealthy have diversified investments as to not lose money. A balanced portfolio I presume it is called. They go from cash to land to precious metals, stocks, bonds and fringe corporational adventures. Some with tax write offs. Then you say how can I get the money to do such things. Precious metals is one. If you want to be rich you have to think like the rich. And do it early in life when opportunity knocks. One hundred paper to ONE metal ounce for silver.
One ounce per month. I piss away more than that in beer and some of you on coffee and junk food.
poor libyan fishy’s and dolphin’s never saw it coming…
And amerikan mom’s are worried over you shooting your eye out with a bb gun.
Kid fires RPG on a beach
Some reports say this occurred in Libya.
Meanwhile Americans are killing themselves searching for a box of .22
http://www.liveleak.com/view?i=da5_1406350379#TUsL8vRjWGcWVzdi.99
I only buy .22 LR when it is under .08/round. Why? Because I saw the “writing on the wall” and started buying in bulk in late 2008. Too bad others were not paying attention and anticipating the coming AMMO shortage of specific calibers.
How much do I have? Enough that I no longer care if I acquire anymore! Ambiguous, yes. As it should be! The majority is high to hyper velocity hollow points. But there is no shortage of EVERY available offering in this caliber.
FEELS GOOD!
9MM 124 grain “hot loads”, don’t even ask. Deadly out past 400 yards with a carbine delivery system.
Don’t take MY word for it.
http://youtu.be/_wXFf34bB34
Truth Avenger, I have more .22 stockpiled than any other caliber I have. I own 4 .22LR weapons including a 10/22 and love them all. People get shocked when they find out what the .22LR can REALLY do.
“Collecting gold and silver is like collecting your freedom, one ounce at a time. ”
― Jarod Kintz, Sleepwalking is restercise
Funny as we keep losing Freedoms, No Gold or Silver will replace the loss of the American Dream. Tell that to J Kintz
To quote the late, great George Carlin “It’s called the American dream because you have to be asleep to believe it” 😉
One good thing about metals no one ever mentions is the ability to pay off debt super cheap. Say you owe 50,000 on your house and you bought 10 oz. of gold for 10,000 fed notes. Your loan rate is fixed so it stays constant. All of a sudden some crisis drives gold to 5,000 an oz. You simply sell the gold you paid 10,000 for and pay off the 50,000 mortgage, same with credit cards, car loans, etc. You just paid 20 cents on the dollar to wipe out your debt! This would work on any fixed rate debt. It would be a good insurance policy that could pay off big time. Food for thought 🙂
I’ll just have to stick with lead brass and copper
VRF I have mixed feelings about lead, brass and copper. I bought some silver 30 years ago and I still have it. The lead, brass and copper I bought just a few years ago always just seems to disappear. I don’t know why but it just goes away a little at a time. Trekker Out. Si vis pacem, para bellum!
I would reccommend having a couple of Canadian silver maples in your stash. They are refined to .9999 fine and would be acceptable for making colloidial silver with. Also good are 90% silver dimes for small exchanges. The largest bullion I would own is 5 oz. bars. As far as gold goes I wouldn’t have anything over 1oz.coins because if and when you sell it it will probably be over or near 10,000 bux and that triggers irs and other BS you don’t want. The only reason I would have gold is it’s portability, you can carry a small fortune in your pocket. I have thought for years that metals would be much higher but I underestimated the power they have over the markets. The govt. claims it can confiscate anything they want and if things are really bad I think the only way to liquidate the metals will be black market sales. Preps first, then metals 🙂
Speaking of preps, heres a good one 😉 http://www.freedomslips.com/thumb.htm
May I also suggest a couple of things that are advertised on this site. The pri-g and pri-d fuel stabilizers. I have used them for years and they work excellent! Much cheaper per gallon of fuel compared to stabil.
Also the multi pack antibiotics especially with whats coming over the borders now.
Fuel will be like gold, I reccommend storing as much as you can (with stabilizer) in 5 gallon cans (portable). Imagine what people would be willing to trade for gas 🙂
I like Canadian Maple Leaf gold and silver coins. I have one ounce silver coins and 1/10 ounce gold coins. I don’t like bars of any kind. It might be hard to convince other people that they’re genuine.
BC, I do the exact same thing. When I buy metals, I typically get about ten 1-oz/silver coins and two 1/10th oz gold coins.
A gold ounce will be worth so much that it would be tough to trade it for anything in a black market economy. Even 1/10th oz gold coins will be hugely valuable, but you’ll probably be able to spend them.
I like my eggs over easy and the rib-eye (that mops it up) rare-to medium rare. No sauce, just salt and pepper, tomato juice, grits(with a pat of butter), biscuits and scald-your-mouth coffee.
PO’d Patriot, you’re making me hungry.
When SHTF, Im going to open up a whorehouse an make a fortune. 5 silver coins gets you a lapdance, A gold 1oz coin get you a woman for a night. I may be the richest man in town. Service all sides in the fight and protected by all.
WWTI.
Call it “Woulda, Coulda, Shouda for Cuda”.
Oh, and you might want to take advantage of the extreme low cost of silver *right now* before the jump. Once the physical is gone, the paper holders hold only…paper.
To reinforce what Mac said above about price fixing, manipulation and corruption I submit the following:
Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.
The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.
“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”
The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix.
Silver Benchmark
“We intend to vigorously defend ourselves against this suit,” Diane Flanagan, a spokeswoman for the Bank of Nova Scotia, said in an e-mail. Juanita Gutierrez, a spokeswoman for HSBC, and Amanda Williams, a representative for Deutsche Bank, declined to comment.
J. Scott Nicholson, a Washington state resident who filed the case, is seeking to represent a class of investors who have bought silver future contracts since Jan. 1, 2007.
The suit includes claims of aiding and abetting manipulation, as well as violation of antitrust laws and the Commodity Exchange Act. Nicholson seeks unspecified damages.
The 117-year-old system of fixing prices for the $5 trillion silver market is set to change next month.
London Silver Market Fixing Ltd. said in May it would stop administering the benchmark, used by everyone from mining companies to central banks to trade or value metal, once Deutsche Bank ends its participation on Aug. 14.
h t tp://www.bloomberg.com/news/2014-07-25/deutsche-bank-hsbc-accused-of-silver-fix-manipulation.html
Oh, and you might want to take advantage of the extreme low cost of silver *right now* before the jump. Once the physical is gone, the paper holders hold only…paper.
To reinforce what Mac said above about price fixing, manipulation and corruption I submit the following:
Deutsche Bank AG (DBK), HSBC Holdings Plc (HSBA) and Bank of Nova Scotia were accused in a lawsuit of rigging the price of billions of dollars in silver, an allegation similar to earlier suits involving the London gold fix.
The banks unlawfully manipulated the price of the metal and its derivatives, an investor claims in a complaint filed yesterday in federal court in Manhattan. The banks abused their position of controlling the daily silver fix to reap illegitimate profit from trading, hurting other investors in the silver market who use the benchmark in billions of dollars of transactions, according to the suit.
“The extreme level of secrecy creates an environment that is ripe for manipulation,” according to the complaint. “Defendants have a strong financial incentive to establish positions in both physical silver and silver derivatives prior to the public release of silver fixing results, allowing them to reap large illegitimate profits.”
The lawsuit is the latest to be brought against banks alleging manipulation of a benchmark. Suits have been filed against Deutsche Bank and Bank of Nova Scotia, HSBC and other banks in federal court in New York over allegations involving the London gold fix.
Silver Benchmark
“We intend to vigorously defend ourselves against this suit,” Diane Flanagan, a spokeswoman for the Bank of Nova Scotia, said in an e-mail. Juanita Gutierrez, a spokeswoman for HSBC, and Amanda Williams, a representative for Deutsche Bank, declined to comment.
J. Scott Nicholson, a Washington state resident who filed the case, is seeking to represent a class of investors who have bought silver future contracts since Jan. 1, 2007.
The suit includes claims of aiding and abetting manipulation, as well as violation of antitrust laws and the Commodity Exchange Act. Nicholson seeks unspecified damages.
The 117-year-old system of fixing prices for the $5 trillion silver market is set to change next month.
London Silver Market Fixing Ltd. said in May it would stop administering the benchmark, used by everyone from mining companies to central banks to trade or value metal, once Deutsche Bank ends its participation on Aug. 14.
h t tp://www.bloomberg.com/news/2014-07-25/deutsche-bank-hsbc-accused-of-silver-fix-manipulation.html
Crud…the double post bug got me. Ack! Sorry about that everyone!
A little silver, the rest in goods and lead.
Are you ready to RUMBLE when TSHTF?
Man Fights Off Four Thugs Trying To Rob Him
NEW YORK – Police are searching for a group of men accused of attacking a man in the Bronx.
Read more at http://www.liveleak.com/view?i=9d7_1406523599#PXAuX4GdMwfmyD1I.99
Brass and lead is my favorite PM. When I want to get rid of an extra 20 dollar bill, I buy a box of 45’s. I just think in a real SHTF scenario, I can find someone willing to trade for ammo, quicker than silver. I keep thinking about silver, but everytime I do, I think how much I want invested in something controlled by the Big Banks and brokeage houses.
What’s in your bunker?
Just food for thought. I don’t disagree with your strategy but I read a piece a while back that gave me an interesting perspective on trading ammo or for ammo. I read about a guy in South America (i think) that said he would never have traded for ammo because he didn’t know if someone took all the powder out of it and filled with sand. He didn’t want to trust it with his life.
I just never thought about that before I read that. I don’t know the site I read it from otherwise I would provide a link. But I wouldn’t have thought about that and found it interesting.
Interesting, I would have never thought of that. Seems like a lot of work to empty out the powder and replace it with sand. The powder is the cheapest ingredient. You’d know if the brass was used by the dent in the primer.
Then again, I remember seeing on the show ‘Pawn Stars’, a guy who brought in a big bar of silver to sell and Rick drilled holes into the center to make sure the center wasn’t filled with lead. He mixed the fillings with acid to test it.
Its easy to fill with sand, anyone who reloads knows this to be true and is easy to do.
Lone Ranger might buy your silver for his bullets. Hiyo silver!
You need silver to fight the vampire creatures on the TV show,”The Strain”.
Israel announces that they need new allies, America makes much loves with goats, And a Peace Index subsequent polls showed that 50% of Israelis reject the USA as an ally.
~HAARTZ
hmmm
maybe it’s time to cut off zio-isreahell’s 60 billion dollar’s a year allowance.
after all “ISRAEL DID 9/11!”
puff
With Obama as president and the CIA funding Hamas, yes, Israel needs a new ally.
I’ll never abandon the People of God. I give money every month to a ministry which preaches Jesus to the Jews, and to Friends of the IDF.
G:
That is a very noble thing you are doing. I don’t send money but I do keep them in my prayers.
I know we will hear about the Zionist. So be it There are good Jews there also. Just like Cops, every one of them are not bad only a few!!!
Sgt.
RE: “Just like Cops, every one of them are not bad only a few!!!”
Don’t make me puke. If there were good cops they’d be arresting or outting the bad ones.
When was the last time you heard of that?
Serpico?
You didn’t spend any time at freedominourtime.blogspot, did you?
Cops and Jews all the same control freak pigs.
“We will expel the Arabs and take their place. In each attack a decisive blow should be struck resulting in the destruction of homes and the expulsion of the population.”
-David Ben Gurion 1937
Genius:
You are right. He did say this, but you can go back into our history and find that that our Hero’s had said that was wrong! This quote is almost 100 years old. This was before WW2 and Israel didn’t become a State until 1948, about 11 years later.
Like I said not all Israelis are bad. We have several PUCKS in government now that are not worth the money to feed them.
Sgt.
Funny how people condemn an entire nation and an entire race by quoting one man – as if somehow they’re expecting perfection? The only perfect man is Jesus (a Jew, by the way).
Here is How the JEWS Treat their Palestinian Neighbors, Starve them to Death.
Palestine: Israel cuts back Gaza fishing access
Israel suspended part of a Cairo-brokered truce agreement Friday by halving Palestinian access to fishing waters as punishment for a rocket attack from the Gaza Strip.
A small, radical Salafi group, Aknaf Bayt al-Maqdis, claimed responsibility for an attack Thursday aimed at the Israeli border town of Sderot which caused no casualties.
Israel, which holds Hamas responsible for any violence emanating from the enclave, retaliated by shutting the Kerem Shalom commercial crossing on the Gaza border and by enforcing a newly restricted three-mile wide fishing zone, down from six.
“In response to the rocket fire earlier this morning … the Prime Minister of the State of Israel, Mr. Benjamin Netanyahu, and the Minister of Defense, Mr. Moshe Yaalon, have instructed the IDF to narrow the permitted fishing zone for Palestinians in the Gaza Strip from six to three miles,” the army said, in a statement cited by Ma’an News Agency.
“Additionally, Kerem Shalom crossing will be closed. These changes will continue until the IDF is otherwise instructed by the political echelon.”
The fishing zone had been extended to six miles as part of an Egyptian-brokered ceasefire that ended Israel’s eight-day assault on Gaza in November, in which 177 Palestinians and six Israelis were killed.
Hamas said it had already filed a complaint with Egypt over the Israeli reversal.
“We have informed Cairo of this violation and we are waiting to hear a clear position from Egyptian mediators on this,” Hamas spokesman Sami Abu Zuhri said, giving no indication that Hamas wanted to abandon the ceasefire arrangement.
An Egyptian official confirmed that the Hamas complaint had been received, saying Israel had complained separately about the rocket attack – the second of its kind since November.
The official said Cairo would contact both sides to “restore their commitment to the truce.” Israel said on Thursday its new Gaza restrictions would be in place until further notice.
Reducing Gaza’s fishing waters spelled losses for some 3,000 Palestinians whose livelihood depends on the sea.
“There is nothing to catch within three miles from shore,” said fisherman Talal Shweikh, 62. “All the fish that you see in the market today came from Egypt.”
Palestinian fishermen are targeted by the Israeli army, who routinely confiscate boats and fire at those deemed too close to Israel’s maritime buffer zone. In September, a young Gazan fisherman was killed by Israeli snipers while out at sea. A number of others have been wounded by Israeli gunfire.
In an online statement, Aknaf Bayt al-Maqdis claimed responsibility for the attack, saying it had struck during US President Barack Obama’s visit to show up Israeli air defenses – a likely reference to Israel’s US-backed Iron Dome rocket shield.
Aknaf Bayt al-Maqdis and Hamas both consider Israel an enemy. But the Salafis accuse Hamas of diluting Islamist doctrine by seeking accommodation with secular Palestinians.
On Thursday the Hamas administration’s spokesman Taher al-Nono questioned whether rockets had been fired from Gaza and reaffirmed commitment to the “mutual calm agreement brokered by Cairo.”
(Al-Akhbar, Reuters, AFP)
HERE’S YOUR GOD II…
http://www.youtube.com/watch?v=YOBI4NLRZ-Y
Graf donates his money to Genocide. Fool!!
Jews Water Scam on Palestinians.
Jews are Cockroaches – Here is how Israel loves Palestinians. Israel is denying Palestinians access to even the basic minimum of clean, safe water, Amnesty International says.
In a report, the human rights group says Israeli water restrictions discriminate against Palestinians in the occupied West Bank.
It says that in Gaza, Israel’s blockade has pushed the already ailing water and sewage system to “crisis point”.
Israel says the report is flawed and the Palestinians get more water than was agreed under the 1990s peace deal.
‘Basic need’
In the 112-page report, Amnesty says that on average Palestinian daily water consumption reaches 70 litres a day, compared with 300 litres for the Israelis. It says that some Palestinians barely get 20 litres a day – the minimum recommended even in humanitarian emergencies.
While Israeli settlers in the West Bank enjoy lush gardens and swimming pools, Amnesty describes a series of Israeli measures it says are discriminating against Palestinians:
• Israel has “entirely appropriated the Palestinians’ share of the Jordan river” and uses 80% of a key shared aquifer
• West Bank Palestinians are not allowed to drill wells without Israeli permits, which are “often impossible” to obtain
• Rainwater harvesting cisterns are “often destroyed by the Israeli army”
• Israeli soldiers confiscated a water tanker from villagers who were trying to remain in land Israel had declared a “closed military area”
• An unnamed Israeli soldier says rooftop Palestinian household water tanks are “good for target practice”
• Much of the land cut off by the West Bank barrier is land with good access to a major aquifer
• Israeli military operations have damaged Palestinian water infrastructure, including $6m worth during the Cast Lead operation in Gaza last winter
• The Israeli-Egyptian blockade of Gaza has “exacerbated what was already a dire situation” by denying many building materials needed for water and sewage projects.
Wake up you Dopes!!! The world is exposing the Jews for what they are.
I love you WWTI!
Saving my Big Ammo for them.
All Around the World there are Protests against the Israeli Genocide on Palestine people. 1 in every 5 the Jews Kill are Children. 20,000 more Palestinians have been displaced. Here are some Videos:
Chicago – http://www.youtube.com/watch?v=NBvAOF-vnyg
20 Protests Worldwide – http://www.youtube.com/watch?v=-WoAfkpc9wA
Here’s something for Christians to think about –
Puff calls Israel “Isra–hell”. I’ve seen this before here and on other websites.
The name “Isra-el” means “Prince with God”. God himself changed Jacob’s name to Isra-el.
“Isra” means “Prince”.
“El” means “God”.
So when you say “Isra-hell”, you’re changing the Name of God (El) to “hell”.
I don’t think I’d like to stand before God and try to explain that particular sin.
@grafique
1John 2:22 (NKJV) “Who is a liar who denies that Jesus is the Christ? HE IS THE ANTICHRIST WHO DENIES THE FATHER AND THE SON”.
Do the people of the nation call Israel accept Jesus as The Christ….no! They are no different than any other group of non-believers. They are the branch broken off the Olive Tree.
Thus, logic dictates that they, AND ANYONE WHO SUPPORTS THEM, ARE SUPPORTING THE SPIRIT OF ANTICHRIST.
This is way Dispensational Theology is a heresy, as it insults Christ’s sacrifice on the cross.
Although you think that you are being a good Christian by supporting “God’s chosen people”, you and all of your misled buddies are supporting evil.
Sinner:
Do the Muslims except Christ. NO they Don’t.
We do know that Jesus was a Jew!
Sgt.
HERE’S YOUR GOD…
http://whatreallyhappened.com/IMAGES/gazaNOVEMBER.jpg
I swear I have read this article before ??
Oh yeah, I did, a couple of times. Once in 2012, and again in 2013.
LMAO, yeah and everybody gets up to dance cause the song is familiar.
LoL
Sometimes you just gotta say “WTF?”
Just a word of caution. There are fake silver dollars out there, even worn looking silver dollars too. I have found some to respond to a magnet, some if scratched with brass underneath, some are smaller diameter and some with a different thickness when stacked together. Measuring the silver coins and weighing them are a good way to prevent fraud, Also a good chemical silver testing solution is HIGHLY recommended.
Yes, counterfeit .90 silver coins were passed off on dealers in MA. Buy beware.
I’ve always liked HEAVY METAL.
Gold
Silver
Lead
Copper
Brass.
Yes it is true that the is a short on Silver.
We have been told for years to buy as much Gold and Silver as you can.
The only problem with gold and silver is you can’t eat it!
Everything in moderation. Get what you can but remember food and water are the most important! Ammo and weapons, defense equipment are #2. Meds and med equipment is #3, and Gold and silver are #4. That is my view.
Aim Small Miss Small!
Sgt.
Amen Sarge, never put all your eggs in one basket, as King Soloman said, invest in eight different things you know about, and you will come out ahead…paraphrased of course
The wife just called me at 1355hrs. and told me she was heading to they guy we buy Silver from.
She didn’t see this yet wait till she dose. She told me that she was going to buy around $800.00 in silver. God I love this girl. I will let her do that I’m going to buy around 200.00 is slugs, and brass for our new 45LC’s. I will let my brother reload them. He does a very good job.
A.S.M.S.
Sgt.
My next door neighbor is a reloader. I’m thinking I might buy some .223 parts as preps.
Yeah Sarge you got yourself a “keeper”. God Bless her….
PO
Thanks!
She also has been buying Ammo for her new 45Lc Circuit Judge so she can use it wild boar hunting. She also told me the other day to get her Bow ready because this year she is going to show me how it is done! She couldn’t hunt last year because of right shoulder surgery.
I told her I need to gets some ammo form my new Finnish Nagant. I was shocked when she said get what you need and then get some to put away!
She is rated a 15 out of 10 with me.
Works hard, has 1 full time job and 2 part time jobs. 5’7″ 145 LBS. light brown hair with some gray, Blue eyes. And likes my cooking.
The only thing I have a problem with is. She sees some of my new guns and she takes them away from me, and tells me to get and other one. Don’t you guys wish you had the same problem??? LOL.
Just letting you know she doesn’t have any sisters!!!
A.S.M.S.
Sgt.
Sarge, you better keep her, those kind are rarer than hens teeth, and if they can bring home the ‘bacon’ two different ways, I got one too, best thing I ever found… I also found that I let her make most of the decisions, easier to say it is up to you, than for my own decision to boomerang back on me….
Sarge, I also have to say, being together 26 years, 18 of them married, we have only had 4 major argument in that timespan…. Plus she shoots as good as I, so I def do not piss her off, if you get my drift.
EPPE:
Mine shoot very well also. I taught her a lot but not everything. Just in case. If you get my drift? 19 years, second time around. The first one wouldn’t make a pimple on this ones BUTT!!! Remember the old song? Thank God and Greyhound she’s gone?
Sgt.
Sarge….
Does she have a sister?
More than a few people here slamming PMs as a good investment, saying they won’t be able to eat it, blah blah blah.
I’m good with that, means more for me.
20 years ago I bought a handful of African Krugerrands from a kid who got them from his dad, he wanted to buy paintball equipment with the cash I gave him.
For 7 oz of fine African gold I paid nearly $1,500.00.
Today they’re worth nearly $10,000.00 and I can sell them or trade them with great ease.
Nuff said.
Why do people always talk about pricing PM’s in dollars? Old habits die hard I guess?
If the dollar goes, you can bet it will be the BRICs that does it to it. And then… wouldn’t the price of PM’s be set by BRICs, pretty much?
I mean… correct me if I’m missing something here…
As I have said in a comment below, PMs are really only worth the man-hours necessary to get them from the ground to the market. Because of inflation, paper money is not a good measure of value. Either labor or other goods make a better comparison.
In Roman times an ounce of silver would probably pay a regular worker for 2 weeks, or a Roman soldier for 1 week. Then the Romans started debasing the coins.
My yardstick is this. A silver dime used to buy a loaf of bread. That same dime valued in dollars will still buy a loaf of bread. An ounce of gold used to buy a really good business suit. That same ounce valued in dollars will still buy a really good business suit.
So the dollars don’t matter to me.
RE: “PMs are really only worth the man-hours necessary to get them from the ground to the market.”
You sound like this one fella who used to comment at the TheDailyBell. Problem is, things – all things – are subjective in value. That is: They are Only Worth What Someone Else Is Willing To Pay You For Them! Nothing more, nothing less.
The cost to produce them is meaningless, except for bankruptcy purposes.
I think the only metal that will be left for survival will be LEAD hint ! hint !
But to my understanding China is buying that all up.
The thing is OP, is bullets are going to be needed to retain PMs. Or, for you to be alive to spend them. Or, for your NOK to be alive to spend them. Other than that they’ll be hidden away and know one will know where they are. And all of it will be for naught. Some of us will never know. I’m ok with it, how ’bout you? Best thing to do is to diversify in what YOU THING YOU’LL NEED. A little of this and a little of that. I like to hedge my bets on food, cause when that hunger rat is nawing at your stomach, that PM has lost its shine. YMMV, JM2CW.
Not thing, “think”
America no longer has lead production. We must buy from overseas. When the $ collapses, ammo will become very expensive.
The US Govt (the post office, homeland, the epa, etc) are buying up all the lead too!
Gold is the currency of kings. Silver is the currency of noblemen and Debt is the currency of slaves. Get out of debt first….
I’m buying used sterling silver jewelry. I think an exception to the Windfall Profits Tax on the sale of gold & silver will be granted for sale of jewelry. People will be desperate and selling wedding rings, etc, and demand the exception for these desperate souls.
RE: “I think an exception to the Windfall Profits Tax on the sale of gold & silver will be granted for sale of jewelry”
Gawd, that seems like such an ‘obeyers’ take on things.
“will be granted” – HA! As if.
…. If the empire keeps gaining ground, just the opposite will occur.
Oooo, don’t cha’ jus’ hate havin’ you’re naked shorts squeezed? LOL
“Gold is the money of Kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves” -Norm Franz
Silver is the only thing in this world that is currently the same price as it was in 1980…………….it will correct itself and those who own it will prosper.
remember the 3 “B’s” Bullets, Beans and Bullion.
Hope for the best prepare for the worst.
2nd that.
i think its still a bit early, but if you bought silver now; i’d bet its up at least 25% within the next 3 yrs.
either things are going to start falling currency world wide and/or another recession is going to start and metals will shoot up in that.
@lena- It cracks me up people saying silver will be up 25%. But in fact the silver value or any other metal of commodity has remained constant value for thousands of years. An Ounce of Silver is still just an Ounce of Silver. What you will experience is the dollar value has dropped 25% more. Creating an illusion your silver is now worth more. But it isn’t using the dollar as the standard.
If the dollar goes to zero value, it may be that for a million dollars you can buy a silver Oz coin. Does it mean the silver has become more valuable? Or the dollar is more worthless?,..when you use the dollar as the standard of trade.
Its the same with oil today. A barrel of oil today is worth $105 the same value as a barrel was worth back in 1960 for $25. Considering inflation and the depreciation of the dollar. Its the same barrel of oil value, no more or no less, when you consider the depreciation of the dollar since oil is not a renewable resource.
The only things that actually increase in value are renewable products, like land that keep growing timber. A fish Farm, livestock that can born more offspring. But Gold nor silver cannot regenerate more gold or silver. So the Value remains constant. Or falsely claimed to be worth more by speculators hyping its value.
You have not taken into account the dwindling supplies of silver. The US Govt used to horde silver in reserve, but has long since rid itself of the bullion reserves. Silver is being lost everyday to be put in technology- everything from solar panels to computers. It’s even used in some clothing, as medicine, and jewelry. So yes, the dollar is losing purchasing power, but also be aware that silver is being used up rapidly. So yes, silver’s value is going up and will continue to rise unless some new sources are found.
RE: “The only things that actually increase in value are renewable products, like land that keep growing timber.”
Unless of course the empire taxes the Hell out of it making it extremely unprofitable.
… Let’s hope not.
And, don’t forget: that land producing timber is only as good as the ability of people to buy that timber.
…If they can’t buy, you’re S.O.L.
Bottom line , When SHTF would you rather own a $20 silver coin or a $20 Sawyer water filter that can filter 100, 000 gallons of fresh drinking water?
PMs are bought AFTER necessary living items. I can only pack so many sawyer filters into a space and each will easily last for a very long time. PMs can be traded for almost anything, retain value over a long time, and take up relatively little space for the amount of wealth they contain. Why is this concept so difficult for people to understand? Do you honestly think stackers ONLY store PMs and not the necessities? If anything, people with both PMs and supplies have more options than the people that think PMs serve no use.
BUY PRIVATE MINT SILVER AND GOLD ALL GOVT MINTS ARE OWNED BY GOVT AND CAN BE CONFISCATED AS CURRENCY
BUY ONLY PRIVATE MINT SILVER AND GOLD…GOVERNMENT MINTS ARE OWNED BY THE GOVERNMENT AND CAN BE CONFISCATED AS CURRENCY.
http://www.foxnews.com/health/2014/07/28/2nd-american-infected-with-ebola-amid-fears-outbreak-spread-to-african-megacity/ Off topic, this is really frightening. We all (my coworkers) thought this outbreak would be contained. It is clearly out of control. Pray it doesn’t hit North America.
I think that buying silver (gold? WTF can can afford it) is a great way to preserve wealth for the future- not for barter in a WROL-SHTF-TEOTWAWKI scenario. When I die, I hope I have a “Megabox” full of eagles to leave my daughter. Should cover getting me creamated, plus make for an untaxed bonus for her.
How much silver for a loaf of bread…who sets the value? What valuation is their on PM’s…when its all valued in USD?
What entity will by fiat set the price of silver or any other perceived valuable metal?…what a disaster to think you’ll have this shiny metal to give yourself an edge…would not be wise to flaunt around your store piles in this setting…its the basic understanding..if that guy has that metal…maybe he has more…and you become a target…no matter where the S is HTF…that mentality will be everywhere.
If the NWO order wins this thing..and institutes a global currency…what price do you think PM’s will be then?(hmmmm…shades of FDR)
How much silver for a loaf of bread?
Live free or die
Talon1776
The amount of silver in a dime has always been able to buy a loaf of bread. When I was growing up, I could go to the corner store and buy a loaf of bread for ten cents. The dimes and quarters were silver back then. Now, a silver dime is worth over a dollar, so you can still get a loaf of bread for that same amount of silver. If silver gets rarer, the exchange rate might go up.
The PMs are not for trading during collapse. They are a store of whatever extra wealth you have until times get better and back to something like normal. Gold and silver have had value as a medium of exchange for all of recorded history.
The real value of anything is the man-hours of labor to produce it. For gold and silver, it is the cost of prospecting, mining, purifying, and casting into useable bars or coins. If not for the labor, gold would be worthless since it is in the ground free for the taking. The main intrinsic features of gold are that it is fungible and lasts forever. It is ideal as a medium of exchange for more expensive items, such as a suit, or horse, or land, just as silver is ideal for less expensive items, such as food.
The price of PMs in any currency is irrelevant, because the prices of everything else rise and fall. The dollar price of PMs is high now, but so is everything else. A hundred years ago, the dollar price of PMs was low, but so was everything else.
So I for one will keep some metals just in case better times come and opportunity knocks.
When the global banking system is destroyed..no transactions of any kind can take place…exchange rates, redemptions, equity transfers, buy and selling in the rigged markets, trading account transfers to bank accounts, simple ATM withdrawals and direct deposits all stop..then the confiscation of your wealth occurs in milli-seconds…including your silver holdings in any account in the world..even your home.
When banking is destroyed…so is the mechanism by which commodities are turn into profit or loss..So whatever anyone thinks about hoarding such metals for a better day is fooling himself..as I have stated..
If the NWO wins this thing…and institutes a global currency…what price will your PM’s be then? What currency will you redeem your silver in…the answer is…the global currency and it will not redeem favorably. Old School understandings of buying and selling are destroyed..it is now about confiscation of wealth at everyone’s cost.
Live Free or Die
Talon1776
Gosh, talon1776. You write as if you’ve Never heard of The Black Market.
RE: “When banking is destroyed…so is the mechanism by which commodities are turn into profit or loss.”
Man that seems ignorant.
So….you think the BM will not be as affected by flying lead to survive also…and just suppose this BM exist in a SHTF event..who do you think would run them…it won’t be former employees at Ralph’s…how about..MS13? Covert DHS agents? …CIA….take your pick…but it certainly won’t be run by anyone you want to deal with at all…especially thinking your gold is gonna persuade anyone to give you a fair shake…especially in a BM…there are no rules…and when your gold runs out..the cost of greasing the wheels has reached its tipping point…oddly you’ll be in the very position of those you opposed.
Good luck with that SHTFBM…
Live Free or Die
Talon1776
Do you live in a rathole where every disgusting savage is out to rip off the guy next door? Because that’s what it sounds like talon. Thankfully some of us live around sane Americans who would gladly accept and trade for PMs, goods, and honest work rather than have gun fights.
From the way you type and your understanding of how free trade works (hint hint: you trading bullets for a bag of beans without paying taxes is BM). Keep dreaming of being Rambo.
I won’t be “redeeming” any metals for worthless paper. My wealth cannot be confiscated in milliseconds because none of it is on computer or in paper. It exists in reality. And it will not be confiscated.
The price will be set by whoever bakes the bread. If I take silver to the baker and he asks too much, then I don’t have to buy it. Or if I want too much bread for a piece of silver, then he doesn’t have to sell it.
I assume that in a barter economy or a black market economy there will be a lot of haggling going on.
That doesn’t mean metals aren’t worth having.
No disrespect Graf…but in chaos..where you gonna put those silver coins..in a bug out bag?…in your BOL and make a suicide dash to the baker…if that baker has any power to bake bread or is government run…I cannot assume there will be convenient bakers open 24/7 in the SHTF..the NDAA will stifle everyone’s freedom until we adopt new guards and repeal it.
Free trade among men is liberty. PMs are a relatively secure and well-proven currency. You, like so many naysayers here and on other blogs or boards are obsessed with the apocalypse. Maybe this is the end of the world, who knows? But history has shown time and time again that there will be people to rebuild. Beans and bullets are great, but PMs will be needed for other transactions. Even in places like Argentina, war-time Vietnam, just about anywhere, precious metals have been able to grease palms or pay for goods needed to survive through the conflict (or get out of dodge).
Thinking life will end up as some Madmax fantasy is delusional- a sick fantasy for violent thugs no different than the ones in charge now. Contrary to what you armchair commandos think, some people will not devolve into savages instantly.
This was awesome: “Free trade among men is liberty. PMs are a relatively secure and well-proven currency. […] Maybe this is the end of the world, who knows? But history has shown time and time again that there will be people to rebuild. Beans and bullets are great, but PMs will be needed for other transactions. Even in places like Argentina, war-time Vietnam, just about anywhere, precious metals have been able to grease palms or pay for goods needed to survive through the conflict (or get out of dodge).”
People need to realize as the Dollars continues its slide, and Gold or Silver Prices remain constant, they are actually decreasing in value along with the dollar. And when the Dollar goes to Zero value, what will you gauge any metals value at?? This is where we will again have a true market market place of supply and demand, and what everybody out there is willing to trade for it. It may be 3 chickens for 1-OZ of silver. There will be no standard to determine the value of anything, or just how bad someone is willing to give it up, to get. I refer you to the Movie “Water World”, what Kevin Costner gave in barter for a tomato plant in pot of soil. Soil was more valuable than anything. Take a look at this scene Trading Paper for Sex. Funny – http://www.youtube.com/watch?v=5AvwHZF0RAc
I thought maybe some of you might… ‘mesh’ with this bit:
“stop being cogs in the machine”
The Absurd, Bureaucratic Hell That Is the American Police State By John W. Whitehead
http://www.economicpolicyjournal.com/2014/07/the-absurd-bureaucratic-hell-that-is.html#more
I’ve heard that line ” own silver for less than the cost it takes mining company’s to mine it” quote or some derivation on many ads. First chance I’ve had to say BULLSHIT to that in any forum.
No friggin company long sells anything they produce at less than is costs them to produce it. The match don’t work.
It’s really the epitome of hype and totally destroys the valid arguments for owning silver; of which there are many, to make such an obviously false claim about any product. Companies might run sales, but they don’t sell for less than cost. Period.
Dear oUCH,
You might want to check out how the easy money from The Fed funds fracking.
If it weren’t for the Easy Money, the fracking wouldn’t be happening. The frackers are doing it at a loss.
The key word here is ‘long’: “No friggin company long sells anything they produce at less than is costs them to produce it.”
Define, “long”?
In 2004 I thought it wouldn’t be “long” before things collapsed and the rebuilding would commence.
I didn’t know what the word, ‘long’ meant.
However; I do know what the phrase, “Crack-up Boom” means. And it can’t be put off at some point.
Sorry
But if ,and I mean if and when if, the dollar does collapse..what idiot would sell any food or ammo item in that scenario..really?
If the entire system went down and the flow of commerce stopped and food was not being trucked..what fool would trade food for any amount of p.ms or ammo?
No one I would know..
Good luck on stacking..
Hell all these shuckster sites were screaming buy buy buy @ 30 plus and ounce a year or so ago and now silver is barely over 20..
Screw that..
Buy ammo..never goes down and prices are increasing and demand is up..
possee
“Buy ammo..never goes down and prices are increasing and demand is up..”
Sounds like an ad for housing.
Ignorant of supply and demand?
Think about this: If the entire system went down and the flow of commerce stopped,… it wouldn’t be for long unless there were a force of arms making it happen. Even then, … it’d be like how drugs are outlawed in prisons and how they are the most locked down place on earth,… so they must be the safest place on earth, right?
What if there was a manufacturing process invented that permitted pm’s to be made in a lab?
The result will be counterfeit and chaos in the metals market..it would drive the naturally occurring metals to unsustainable prices making the cost of goods everywhere highly inflated and a loss of currency markets..after all…they make fake money now and look what’s happen.
We’ve heard this entire mantra now since 07 and 08 by hundreds of all the gold and silver bugs as impending collapse is right around the corner..
Here we are 6 plus years later and..what?
Gold and silver have been repressed constantly since then..
I;ll stick to canned,leaded,ball jars and water..thank you very much
as food water and ammo are the only commodities that are skyrocketing since then..
possee
RE: “We’ve heard this entire mantra now since 07 and 08 by hundreds of all the gold and silver bugs as impending collapse is right around the corner..”
Yup, and the same thing is going on in housing right now.
Many of the people who bought in ’07 -’08 are getting their asses handed to them.
The rest who bought later will likely get the same.
Time.
…And actually, ammo has gone down in price here a bit. The supply is catching up, too.
Imagine what happens when the ammo supply surpasses demand?
[That does Not mean you should Not have a good stock of lead, just don’t go crazy about it and get to thinking it’s gold.]
If gold and silver can’t overcome the manipulators now under these conditions then it probably never will. At least not until something takes away their printing press.
Also probably still lots of overhang from those that bought at higher levels now pressing prices lower. There’s bound to be a lot of disillusioned buyers that got trapped now looking to sell and get out whenever prices rise.
So many fools discount precious metals here. PMs for most of us stackers aren’t about making returns on investment. It’s about hedging your wealth outside the broken, fragile banking system. Whether it be beans, bullets, or bullion- only what you can carry with you matters. When you need a new tractor to keep your land going good luck trying to trade in beans or bullets. Most preppers already took that into account. It’s pretty damn inconvenient to trade over a truckload of beans for a tractor in the first place. PMs are just more convenient than an all-barter system and will help rebuild a stable economy.
What if you must flee your location? Keep dreaming about making a glorious last stand, you will simply die if you are alone against the hordes. What of your family? Will you force them to die alongside you? A gold coin can get you out of dodge, on a plane out of the country, a boat to wherever.
Well said, TruthIsAll.
Dying under a pile of brass isn’t, The Prime Objective.
Heck, for that matter, killing someone isn’t a Prime Directive either.
Survival, is the key word of The Day.
Survival, and add a modifier: How you do it.
To put a wist on Patton’s words: It’s better that you live (in an honorable way) than to make some other dumb son-of-a-bitch die for his country or to die while trying to take your shit.
I wonder what you think or even know what American Exceptionalism is? Just surviving a SHTF event and to emerge in a NWO by which you will still serve the S.O.B.? I love how you condescending agree with “truth” about a man faced with the possibility of dieing with his family by his side..of course …if he had gold…why he could just make a deal with the hoards to allow him free passage..now that’s ignorant! In my estimation..you guys are cowards and will flea this country anyway..or maybe just hide in your “secret bunker” Winkie wink…either way..you’ll have no advantage in the NWO should they win.
Live Free or Die
Talon1776
And here you are discouraging people from owning a very valuable asset that WILL provide a safe haven for wealth and trade. If there’s someone here working for the likes of the NWO, it’s you.
American Exceptionalism is our belief that we are the best and can never fail, “cuz ‘Murica”. We’re just planning multiple avenues of approach to SHTF. You seem to have everything figured out here. Tell me now, do you project your own insecurities and faults onto others in real life?
The evil wins when the resistance dies. It doesn’t care how many drones and idiots it throws at you. Not retreating to rally with others in the same boat as you is to give up. Read the Art of War, both the Sun Tzu and Machiavelli.
Hey,talon1776
Watch that Winkie wink crap… lol 🙂
So let me see IF I have this correct.
I can form a Corporation in my Mom’s basement.
Issue a billion shares to myself “claim” the value is 100 Dollars a share and make that my initial offering on the exchange (and get it) and then I can be a Trillionaire JUST LIKE Zukermann, CORRECT?
In fact the public will bid the stock UP and UP and UP and I could end up being a Quadrillionaire.
Sounds good to me, I am sending in my $149.00 to Legal Zoom to incorporate RIGHT NOW… See you at the top.
Hey others are selling worthless paper, why can’t I???
All horse shit.
I’m on vacation tonight and all is well folks.
The average person does not have a clue and does not care.
That will have them just keep dong what they are programmed to do.
Yeah I’m prepped but ti was all bs.
Wish I had all that cash back.
I’M MOVING ON FUCKERS.
You are all crazy and I drank the cool aid with ya.
Things just run in cycles.
As the SI stated last year, industrial users are now in favor of less-costly alternatives, or ways to reduce the amount of silver used. Companies like Harris have created specialized departments or sister companies as a result of higher prices which will take away from the largest sector of demand silver has. Once the manufacturing processes are changed, even if silver price falls, there is no going back and that demand is forever lost.
Industrial and photography demand took up most of 2/3s of the demand in 2007. Coin demand has resin from 5% to 25%. If you are trying to tell me that miners are not trying to hype silver via bloggers, that is going to be a tough case. Considering I know one individual that was paid to write a book hyping PMs and his closest acquaintance is paid to run a blog that was once run by a well known silver “stacker”, you wont fool me. The blog mentioned never once said it was sold, or that a new person took it over, users still post questions to the original owner which is sad in a few ways, but to see these silver guys don’t even think for themselves anymore is more sad. Where will they be in 10 years when they have dumped their life savings into a declining commodity?
I just don’t get it. If the “manipulators” are pushing the price of PMs down, then they must also push it up, but you don’t here about that. Why would anyone that is supposedly buying physical battle the price in the CME, let alone want to end the manipulation. If I were say, china, and I wanted tonnes of gold, I would let the price be “manipulated” downwards and buy at the market price. The simple answer is that no one would sell for less than market price, and no one would buy for over market price, so manipulated or not it is the market price.
Lets say one day the “manipulators” play no part in price. Who is going to pay $150/oz for silver and what would they do with it. When price went to $50 manufacturers had already researched other alloys to replace the need and started using them, so expect the massive industrial demand to FALL. This is why miners need bloggers to hype the metal.
All Hell will break loose. It is called the Devil’s metal. There’s a combination of naked shorts and money printing keeping the price artificially low. We’ve got the BRICS countries establishing bilateral trade agreements in their own currencies and excluding the dollar. India is importing 6000 tons a year. Then there’s those pesky mortgage backed securities credit default swaps CDO’s… Yeah so I’d say the fundamentals are screaming on the buy side. Just keep stacking and someday stackers will be the new group that Washington will be sucking up to. I’ve got a feeling that the FED is going to get its ass kicked when it all gets priced in. I’m all in.