This article was written by Shaun Bradley and originally published at The Anti-Media.org.
Editor’s Comment: Important things are happening on the global stage with regard to the money system. It is a long game, and will take many years to fully play out. But one of those important developments involves the feverish return to gold holdings in both China and Russia, and many individuals in these societies, in India and other burgeoning world powers are also investing in gold.
The reason? There is a power play in the works, and there is every possibility that the central banks around the world could drive the fiat currencies into the ground. The U.S. petrodollar could well lose its global reserve status – indeed, there may be nothing to stop it. As that happens, people around the world are looking to stability, privacy and security in their monetary assets. This is even true in less developed, and little talked about places like Kyrgyzstan, mentioned in this article, were antiquated stores of wealth, like cattle, are still king. But with capricious times ahead, and neighboring Asian powers like China grounding themselves, the government is urging its people to get ready.
Are you ready?
One Country’s Central Bank Is Urging Its 6 Million Citizens To Buy Gold
by Shaun Bradley
The central bank of Kyrgyzstan is encouraging its six million citizens to each own at least 3.5 oz (100 grams) of physical gold. The precious metal is the nation’s leading export but, surprisingly, the people there invest most of their money in cattle. The country’s location on China’s border seems to be playing a significant role in its choice to shift away from their traditional form of investment. A growing trend across Asia has been an increasing demand for physical metals by private and institutional investors. The Chinese and Russian governments are leading the world in their efforts to stockpile gold, and in turn, they have been fueling speculation about its importance in the future of international finance.
Countries like India have seen internal turmoil as their traditions of owning precious metals confront the government’s new war on cash. The Indian people are the world’s largest buyers of gold, and the measures taken to eliminate cash transactions have only emboldened black markets to meet demand. As authorities crack down on paper money, gold remains one of the last physical and untraceable assets available. The current uncertainty in the banking system has increased demand for more direct control over one’s savings.
The key to any prosperous economic system is stable money, and without a reliable currency, the public’s confidence can easily be broken. As the world reserve currency, faith in the U.S. dollar must be contemplated on a global scale. Despite what appears to be a recovered economy, the United States is resting on an eroded foundation that only deteriorates more by the day. The government’s response to the 2008 crisis has significantly undermined international support for the U.S. dollar. By printing trillions of dollars through quantitative easing and by keeping interest rates artificially low for nearly a decade, the Federal Reserve has destroyed its own credibility.
Since WWII, the United States has lived in a bubble, benefiting as gold holdings from around the world were stored in the Federal Reserve system. This vast wealth provided America the leverage it needed to influence the world stage for over half a century, but that age seems to be coming to an end. Germany has already repatriated a large portion of their gold holdings from American central banks, and several other countries are expressing the desire to do the same. As the U.S. has declined from the world’s leading creditor to history’s greatest debtor, the pendulum of power is swinging back towards those who have secured tangible wealth. Countries that position themselves correctly can protect their standard of living and purchasing power, while those who trust in central planning will see their quality of life slowly diminish.
The general perception of gold has changed radically over the 20th century, and a lot can be learned by listening to the voices of the past. Former Federal Reserve chairman Alan Greenspan was one of the most influential men in finance for decades. He said the following back in 1966:
Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset.…The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
The societies that recognize the danger of abandoning gold as a benchmark for currencies have typically witnessed firsthand the devastating toll that fiat money and inflation can have on the general public. The historic collapses of empires and monetary systems have firmly embedded the understanding of precious metals as insurance into these populations. Although the governments of these nations may be corrupt and immoral in their own right, at least they’re encouraging their citizens to start protecting themselves. Collateral damage to wealth during times of currency devaluations, tariffs, and trade wars is inevitable, but those who remain ignorant of the underlying causes are doomed to bear the full burden of the fallout.
Hopefully, more nations will follow Kyrgyzstan in giving their citizens the information they need to make better decisions. Unfortunately, the West is likely to keep encouraging people to pour money into in the stock market, government bonds, mortgages, and auto loans. A hard lesson will be learned when the results of this grand central banking experiment come to pass. Individuals and governments who are proactive and go against the tide now will reap the benefits down the line. Short-term thinking won’t work in this new financial paradigm, and growing wealth under these conditions could become extremely difficult.
This article was written by Shaun Bradley and originally published at The Anti-Media.org.
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When the time comes that you need to use metals to survive, copper-jacketed lead will be more valuable than gold. Choose your PMs wisely.
While having the means of defense is important its tough to buy important medical care with a gun.
and you only NEED so much ammo….and guns,,,,what does blackmoe do with the REST of his FRN’s, i wonder?
So many abject retards in this country who say stupid things like ammo will be more valuable than gold or “you can’t eat gold.”
Firstly, if a pack of feral pavement apes try burglarizing your home of course at that moment having an AK-47 is more valuable than having gold, but that doesn’t mean gold stops being valuable just because ammo might be more valuable in that given situation you moraaan.
But it is almost like people like you think that there is some sort of law punishable by death stating that if you buy ammo you are not allowed to buy gold also. Guess what moraaaan? You can buy ammo and you can buy gold as well.
It isn’t about “choosing your PM’s.” YOU CAN GET BOTH STUPID. You can go buy an ounce of gold at the coin shop then you can get in your car and go to the gun shop and also buy ammo. Please start using your badly damaged and diseased brain.
Amen said the well armed, well stocked with all kinds of metals, choir.
I suspect the people that make these comments suffer from jealousy, only being able to afford a few bricks of .22 and not much else.
Precious Metals are on a tear this AM Thurs.
Gold up another $11.30 to $1248 and Silver up $.18 to $18.16
Lets see $20 in a few weeks. I think there is not much shoring pressure left. The Silver Train has left the station. Get out of the way or get run over.
I like .22 mine are subsonic and very very quiet with my silencer(you say suppressor I say silencer the ATFE says silencer so I will too.)
i apologize to you azcat, for jumping in before i read YOUR comment, to post mine. if you don’t mind, i will save YOUR comment to respond to the simps in the future….giving full credit, of coarse….you said it WAY more eloquently than i ever could….thank you!
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Alan Greenspan: “Significant increases in inflation will ultimately increase the price of gold,” Greenspan said. “Investment in gold now is insurance. It’s not for short-term gain, but for long-term protection.”
He also reiterated his view, which I share, that gold is much more than just a metal but a currency:
I (by Frank Holmes 21/02/2017 2:14 PM) view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature. Gold, however, has always been far more valuable per ounce than silver. No one refuses gold as payment to discharge an obligation. Credit instruments and fiat currency depend on the credit worthiness of a counterparty. Gold, along with silver, is one of the only currencies that has an intrinsic value. It has always been that way. No one questions its value, and it has always been a valuable commodity, first coined in Asia Minor in 600 BC.
link: ht tps://www.marketslant.com/articles/gold-gets-shot-arm-inflation-and-china
Also from the same link I posted above. This is statement below, illustrates the strong demand for Gold Globally. Supply and demand folks, you either got it or you don’t. Silver prices will also rise faster than Gold.
“China alone consumed approximately 2,000 metric tons in 2016, or roughly 60 percent of all the new gold that was mined during the year, according to veteran mining commentator Lawrie Williams, who based his estimates on calculations made by BullionStar’s Koos Jansen. The 2,000 metric tons is a much higher figure than what analysts and the media have been telling us, but I’ve always suspected China’s annual consumption to run higher than “official” numbers.”
As screwed up as Kyrgyzstan is they’re looking out for, at least in this instance, their people. Here in the US the government would urge us to buy paper gold, allow it to be extremely leveraged and have the big purchasers, the uber wealthy, get theirs first leaving the commoner holding the bag.
Kevin2,
you hit the nail on the head!! LOL, it would be NOT correct IF the government was not trying to screw us!!
Gold and Silver is MONEY, in fact read the article I post below. Gold Silver = Real Wealth unlike US Dollar Paper Fiat = Debt IOUs.
State Deals Blow to Federal Reserve, House Passes Bill To Treat Silver and Gold as Money
02-22-2017 • http://thefreethoughtproject.com
As central economic planners at the Federal Reserve continue their vision of “prosperity” through crushing debt and dollar devaluation, some states are fighting back. The Arizona House took a major step toward sound money by passing a bill to eliminate penalties in the form of taxes on gold and silver specie.
The move would be an important step toward currency competition and help undermine the Fed’s monopoly on money.
“Rep. Mark Finchem (R-Tucson) introduced House Bill 2014 (HB2014) on Jan. 9. The legislation would eliminate state capital gains taxes on income “derived from the exchange of one kind of legal tender for another kind of legal tender.” The bill defines legal tender as “a medium of exchange, including specie, that is authorized by the United States Constitution or Congress for the payment of debts, public charges, taxes and dues.” “Specie” means coins having precious metal content.
In effect, passage of the bill would “legalize the Constitution” by treating gold and silver specie as money. HB2014 passed the full House by a 35-24 vote.”
**I do NOT see States saying copper jacketed Bullets filled with lead as money do ya BlackMo?
One way to discourage thieves is to have a large family so that someone is always there. Bad guys don’t want to deal with you any more than you want to deal with them. Usually, they look for the easiest target.
__
” since every credit instrument is ultimately a claim on some tangible asset.”
I’m taking this out of a gold context, but it applies to all money.
I have said many times money is not wealth, it is merely a means to transfer wealth. Wealth is a tangible asset. Outside of industrial uses PM’s and precious gems are merely an intangible asset. That is their value is very subjective. I know one of my cattle based on its weight is worth “X” months worth of food. I have no idea how much food a Maple leaf coin will be worth. Admittedly I’m basing this assertion on a local economy, but America can easily be a independent stand-alone economy, so fiat money will still work, gold is only necessary for international trading( I even question that). If the world economy crashes that hard, we won’t be trading much for awhile. North America really doesn’t need much from the rest of the world.
rellik
“North America really doesn’t need much from the rest of the world.”
While this may be true resources are privately owned. Its certainly not above a possibility that resources in the US would be sold overseas to the highest bidder creating a scarcity in the US. Think of it as the inverse of outsourcing labor.
If The Establishment can facilitate a policy to de-industrialize the US in their quest for globalization they are not above selling the bread meant for your table or oil meant for your car. The people who control the US couldn’t care less about its citizenry.
“While this may be true resources are privately owned”
Tell that to the people trying to export coal from SW Washington state. The Government controls movement of resources in or out of our country. Since we are talking about a sort of SHTF fiat currency failure world wide, I’d expect our tyrants to act to save their butts from being in a killing field. Gold won’t save them when someone is killing them, their kids, and wives at the company picnics, state of whatever addresses, or at the supermarkets. I know of only a few fools that would risk their lives to keep Soros, Gates, Buffet, et al, safe, as nobody that was really dedicated has really tried to sanction them, just yet.
“Tell that to the people trying to export coal from SW Washington state. The Government controls movement of resources in or out of our country”
I’m unaware of the specifics in the above but in the end business controls the government.
“I know of only a few fools that would risk their lives to keep Soros, Gates, Buffet, et al, safe,”
Gates, Buffet and even Soros are insignificant. Rothschild, Rockefeller, Warburg were organizing this to their liking, creating the UN in the process, before any of them were even born. Entire nations bow to them. No matter how the global economy changes there will always be a top and they reside there.
K2,
I like you,
you are a real pirate.
I don’t buy into the banker
stuff because war is
historically bad for business,
overall.
It is better to earn millions
growing and selling grain to starving
people, forever, than to make billions
for a few years making war machines
that destroy those men and the fields.
It is like the difference of feeding a
man for a day verses teaching him how to
grow food forever.
Aloha.
rellik
Eisenhower wasn’t wrong about MIC. USMC MG Smedley Butler would disagree with you too. If the banksters were interested in selling wheat we would be eyeballs deep in it. In the end its about control of the entire world with heavy emphasis on its resources. They don’t want WWIII but their willing to dance real close to it to achieve their objectives with greed blinding risk. Seen the mindset in industry pushing the limits. MIC just profits off everything while global conquest moves forward.
Don’t think for a nanno second that the Financial Sector thinks long term. Seen the movie “The Big Short”? Think they regulate themselves? Its better to sell wheat than weapons when the short term profit is weapons? You can bank on (no pun intended) for greed to routinely win over logic.
relik, 72% of the annual demand for Silver in the US is imported. So If you think building solar panels, or electronics can be done without importing these metals think again. That may be true for mot food we grow, however another food product like Olive oil is about to skyrocket, due to a bad growing season over in Italy, so get out there ASAP and buy that up as much of that as you can now. I use Extra-virgin oil almost daily in all sorts of cooking, salads, ect.
We’re about to suffer a worldwide olive oil shortage
By The Washington Post February 19, 2017 at 12:01 am
ht tp://www.denverpost.com/2017/02/19/olive-oil-shortage/
And things are only going to get worse. Experts are predicting a worldwide shortage in the next couple of months, jacking up prices around the globe.
The problem is several terrible years in the making. Erratic weather in Spain, Italy and Greece, where the bulk of the world’s olive oil is produced, has decimated crops. In Italy, unseasonably hot and muggy temperatures have attracted fruit flies and bacteria, damaging groves. Farmers say their yields will be cut in half this year. In Greece, a heat wave could cost growers more than a quarter of their crop. Flooding in Spain’s most fertile regions has decimated its harvest. Overall, experts say, global production is set to fall about 8 percent.
These shortages come as demand for the product has skyrocketed around the world. China recently has become enamored with the stuff, consuming nearly $200 million worth of olive each year. The country’s nouveau riche see the product as a healthier alternative to other fatty oils. They import nearly 99 percent of what they use.
With increased demand and less supply, prices are climbing. Since October, the cost of extra-virgin olive oil has jumped 30 percent in Italy, to $6.15 a kilogram. In Spain, the cost is up about 10 percent, near a seven-year high, according to the International Olive Council in Madrid. In Greece, it’s 17 percent. And forecasters say the worst is yet to come.
**Also since the US exported so much of our manufacturing in the last few decades, we don’t even have the tooling and machinery or skills here any more in the US to produce enough products, to keep up with the demand. So inflation from supply and demand will skyrocket, pricing people right out of the market. The world is very much globally dependent right now. It would take a full generation to change that back to being fully independent. In my opinion.
The bunch that calls gold an old relic just happen to have vaults of it themselves. They have never stopped acquiring it and they never will.
GOLD IS USELESS BULLSHIT.
For arguments sake?
I am not investing in gold. I cant eat that, nor can I eat silver. When the shit hits the fan, everytime, I had to find food, or starve. God is just useless shit these days. I invest in bullets, its better, you cant eat it, but if your out of food and need it, its available to take food by force. Just read Selco shtf, and you will get the picture. Gold didn’t amount to shit in that 3rd world country beta collapse test, it was who killed the fastest, who was the most strongest, the toughest, and only 12 men out of 3000 survived. Every man, every women, every old person all died from violence, murder, bullets, starvation, etc. Something bad will happen this year. Economist V is 100% on the money. Now we see them testing it on something much bigger, this time and entire country, Venezuela. This is a much bigger population. They are trying to see how long will it take before all out violence and canibalism sets in, then use that to gauge when and how soon they will need to bring in the UN, to terminate the citizens, pull them into concentration camps, kill who they want, shoot who they want, etc. Nothing that this government says of does will influence my decision making, much less watch gold. I have learned some bad lessons, really bad ones, so bad for 2 1/2 years homeless into the elements, surviving barely. The stores are full of food, cars are on the road, and I am starving to near death. What was wrong with picture.
I WILL NEVER EVER RECOVER FROM WHAT HAPPEND TO ME AND THIS IS JUST A FACT OF LIFE, AND I HAVE LEARNED.
Don’t take your dollars and buy gold, silver, etc, its a waste of time.
No one was around to help me, no one, no family, no friends, no one. What was the most important thing, FOOD everytime. By the time I found this site, I knew that within 1 year that I would be able to get off the streets. What did it do? I secured my preps, used the dollars the right way, how? All on water, and survival foods I could get my hands on. This website is why I am alive today to type on this site. I really believe had I not come on here and listen to you all’s comments, and prep, I would have died in Houston. Because of my strength and guts, and I do recommend listening to Tony Robbins, since he is good at helping idiots like me who want to get out of jams, I respect this man a lot.
THEN WHAT ?
He is really good and very realistic, but he does not tell people to prep, now what the fuck is wrong with this picture? No we have another problem?
My business is doing much better these days, and I no longer starve and even have to luxury of a roof over my head. And I am taking it one step further, I am getting my own land, that will be purchased cash, to make sure that I have to right to live on it and fuck off with banks. When it comes to women, there are no exceptions, even with mine, they can get up and pull the plug on your ass any second and minute so I will place infrastructures in place just incase and this is just common sense. I am not having any problems, just saying.
The United States will collapse, will have a war, will have a civil war, CHINA WILL INVADE FROM MEXICO, military will be firing on civilians, etc and we will not be having a good future, and this is a fact of life that I will face. This had been planned years in advance, since the 1960’s and no country with power full bankers like that, make plans like that and don’t follow through on them. Our job is to survive. Earth has had several mas extinctions over the last 2 billion years and we are long over due for one, and it will happen, and its not a matter of if, bu when. Like I was told, earth meets all of the pre-requisits of a mass extinction. Over population, limited food, environmental distruction, over fishing of the oceans, radiations, environmental distruction of its eco systems, the list is endless. Like the scientist told us, our time is up, we are already dead, so make preparations to survive, and you last another 25 years before you finally get caught and wiped out by the elite armies. The satelites will be watching your every move, locating all preppers, etc. If your still alive and thousands have survived, they and kill anyone of us anytime they want. Preppers I am told have only a 1% chance of survival.
Now I just laugh to myself when I listen to Trump tell the public that everything is under control that things will get better, as if manufacturing will suddenly come our of no where, put everyone back to work, bring in the food, the homes, the needed things, and I have to fucking laugh my ass off, because I know bullshit when I hear it. Everything sounds good, but every day that passes I become more constructive in my reasoning and thinking. So I use my resources, my cash when I have it to make sure that I am prepared. Every president has made promises and not a single one kept them, did a damn thing but worsened to problem. I am a prepper, and nothing has changed for me.
HCKS.
HCKS
“CHINA WILL INVADE FROM MEXICO”
I’m puzzled by the logistics of this.
I do agree with many of your statements. Politicians all make promises on the election platforms using the standard method of “What does this audience want to hear?” I’m like Rellik….unsure what a Maple Leaf will buy in the long run of scenarios that none of us can put a time line on. What I am certain about is whatever I’ve grown in my garden. It’s preserved as it comes. And thanks to your info KY, I know better about canning lids. What a shitter.
I have had my own difficulties, & am doing my best at present to prepare myself for the next batch that is coming down the pike faster than I had anticipated. Being disabled has just become more of a hardship & l’m doing all I can now to try to ward off becoming “socially obsolete”….”useless eater”…whatever the connotation may be. It all boils down to what you do for yourself. I refuse to roll over. I’m an intelligent woman. Just because one skill is tapped doesn’t mean I don’t have more to give. I prep, garden, can, learn all I can & start all over again next gardening season. Heaven knows some places in Canada aren’t kind to gardeners, so I’m looking into year round with special frames & southward heating. I have an ass of a neighbour saying it’s impossible. I don’t think so. If someone can have year round produce in New Brunswick, I sure as shit can do it in my part of the country. Problem is the damn chemtrails. What sun? Day after day after day after day of cloud cover. Blue sky is a miracle this winter. Still building the frame this summer!!!
As far as PM’s go, I truly wouldn’t say they’re useless. No you can’t eat them, but when fiat takes a dump, & it’s coming, it might be the one thing that makes the difference between being able to “purchase” something I need. A little gram just might go a long way. I am certainly not wealthy, but a wee stash might save the day for me. It’s a thing, like money. Hell, any pawn shop will buy your jewellry. You can pawn/trade anything. One man’s trash is another’s treasure.
I have my “family” that isn’t even my family. I gave up on that one a long time ago. You can lead someone to knowledge, but you can’t make them think. When the time rolls around, my way will be my own. Just as you, balls & determination, & frankly just plain stubborn, pig-headed determination goes a long way.
Thanks for all I’ve learned from you 🙂 Hang in there! All the best from Canada 🙂
HCKS;
Hi HCks. Wow, you have really worked on your grammar, spelling etc. Either someone is impersonating you or you have really caught fire. Carry on dude!
HCKS, like I said above, you are a fucking idiot! Just think about this you idiot..you and every other idiot that ignored being prepped for anything will be hunting for the same food. And if think you will take food from me, you better think again! China invading from Mexico, lmao, ahh,hahaha! Now git, scat, beat it, go crawl back in that hole you came out of. WTF.
Are they still accepting fiat for bullion? Trade while you can before the great rejection. Biblus intrinsecus nulla.
I hope Trump will hurry up and build that wall before China comes.
As far as gold and silver. It might get high again but then what? I don’t want to be caught when it drops again. Only place I know will buy it is back where I got it, the coin shop. Watching closely the price. May sell and then be sorry later. Just don’t know.
I sold my all of my Silver, and junk silver soon after it peaked at $48. 5 yrs ago. I sold it at @ $42 an ounce to a Jewelry store who was advertising they buy gold and silver. So there will always be buyers of PM’s. Have you seen anybody out there advertising they will buy your food or bullets? lol I think not.
Those on the low rung of society are already struggling and will never buy gold or silver because most of their decision in life were wrong and got them to where they are today in perpetual struggle. So the only thing of value to them are the basics like food or shelter. But that has no baring what so ever, for smarter folks who plan ahead in life. Those who are smart, invest when they have extra cash and look for opportunities daily and diversify, creating multiple streams of income. If you spend all your money on booze, drugs and cable TV and are homeless. Good luck with that plan, you are an idiot with no credibility.
BTW/ I am back in Phiz Silver heavy now again, averaged in at $17.47 including the minimal commission I paid to acquire it. So I am already in the profit zone @$18 today. I already have a local buyer coin shop who told me he would by my 1 Oz .999 Rounds at $1.00 below spot, when ever I wanted to sell it. Get your buyers in place now. Think ahead and build those relationships today.
I think Silver will jump mid summer like up to $24+. Just a feeling. If we can eliminate the paper manipulators, Silver should be at $28 right now. So That will be a nice up-tick.
Right now even as an investment Food is a Good Buy. Inflation will keep going up. Inflation has risen 2.5% (Govt #’s) higher in the last year alone across the board. Food probably 10%, so stock up now as much as you can, you will eat it anyway.
RE: Ammo- If I counted, I also have about 8K+ rounds of ammo in various calibers. Bought that back in 2010-2011 before it skyrocketed. Its pretty cheap almost back to those prices again, so I have not lost anything. Store it in sealed Ammo Cans, as it will last 40 to 50+ years. Much longer than I will live to.
BTW/ This statement: “If you utilize an email address (even a fake one) when submitting your comment in the future our spam filtering system will eventually recognize you as a trusted user and automatically approve future comments.”
Oh really, I have been waiting for months for this to come true. More Fake Info. lol
Zeus, I gotta give you credit, those were the best posts I ever read from you. I’m sure you’ll go back to being your regular rude asshole self but for now that was really good stuff. I read the first paragraph of this article and figured the rest was the same old blah blah blah so I skipped right to the comments. I don’t fault anyone as to whether they buy PM’s or not but you were spot on in that people who can’t afford them bash on the people that can. In any event, everyone has their own idea how this shits gonna play out, as do I, so you must handle your business as you see fit.
Stay quiet Be smart
DUDE! you’ve just GOT to stop reading zeus stuff….it’s all about being an asshat, and gettin’ rich buyin’ silver….i stopped readin’ his trolling crap months ago. when he killed eppe, a lot of people stopped reading his drivel. hell, i would rather listen to pelosi than zeus…..and i would chew my tongue off with a mouthful of gasoline before i would spend an hour with EITHER of them.
It’s hard not to buttcrack, he posts 30-40 comments per article. I think this actually might be what his life revolves around. I usually don’t comment to him but he actually said something worth reading. Make no mistake, if I were to ever meet up with him, I’d show him what common courtesy looks like standing over a pile of shit.
LMFAO!!! thank you for a good belly-laugh, jack….the problem is that SOMETIMES he makes sense…not worth MY valuable time. i know sooner or later, the troll comes out.
$1 below spot buy price.. At $18 You’re not in the profit zone dumbass.
God Help You.
You don’t trade gold and silver for paper. You keep it as a store of wealth until things get back to normal after a reset.
Gold and silver have always been worth about the same when compared to other commodities.
As I have said before, an ounce of gold could buy a good suit 100 years ago, and the same ounce of gold can still buy a good suit. A silver dime could buy a loaf of bread 50 years ago, and can still buy a loaf of bread.
It’s the paper that keeps changing value, eventually always in the downward direction to zero.
If you don’t believe this, I’ve got a Confederate twenty I’ll trade you for an ounce of gold.
show me someone that starved that had GOLD….and i’ll show you somebody that was gettin’ their gold STOLEN from them(the jews in warsaw, for example). oh, and you didn’t need to use a confederate 20…..ANY twenty has dropped in value by 98% in a hundred years…..
Thank you. I’ll keep my gold and silver. You convinced me.
Edwin Viera will be on Rense Radio in a minute.
He is knowledgable.
__ anti illegal bill presented by him
__
It doesn’t end says.
There is no guarantee that you’ll get more fiat paper for gold/silver in 5 or 10 years, but I CAN guarantee you fiat paper will buy a lot less in 5-10 years. At 3% inflation, fiat paper value cuts in half in 24 years. At 6%, every 12 years.
Odd, no one floated this.
Yes, tell your citizens to buy gold with THEIR money, then when hard times hit the gov’t outlaws it, confiscates it and then is well ahead of the curve on the cheap.
Really??,
MY BET IS ON YOUR statement, 325 million citizens and even if 1/4 of them hold a few ounces of gold and silver, do the math, they outlaw the owning of it and LOOK at ALL the PM’S they just obtained!!
come on now! the PEOPLE would never let them get away with that….i say that in the MOST sarcastic way possible.
So back to fiat hoarding in small denominations, would the inclusion of some regular clad coinage be wise in addition to or instead of said paper?
Best to buy fake gold and silver so the government can’t confiscate it. It will always be as valuable as fiat currency! You can’t lose what you don’t have! Take it from me!
Gold or silver? What gold? What silver? All I have is lead… confiscate this…
Here’s my experience..in 2008 I lived in Zimbabwe at the hieght of it economic collapse. Fortunately, those of us with gold could cross the border,sell it on,and buy our needs. But,possessing gold became illegal without a mining licence,if u were caught,you went to jail and they threw the key away.Every few kilometres there was a roadblock and you were thoroughly searched But you needed to travel vast distances to a stable foreign country to convert it. A bit of a challenge for most Americans I’m sure. Hard US currency ,was grossly undervalued,e.g.,a loaf of Bread was US $5.Yes,that too became illegal to possess foreign currency,you certainly did not want to be seen with any ,as the next minute the army and police came searching your house,and confiscating all yr hoarded food and fuel. Personally,I stocked hidden drums of diesel fuel and kerosene. Barter trading was the only way to get anything.I hoarded drums of diesel fuel and (paraffin) kerosene.Very, very risky,but it was the only commodity that actually held its value.And do remember,we had a stable neighbour to buy our stuff from,that’s only where gold and hard foreign currency worked. That I fear will not be an option in a US meltdown.