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Economic Disasters • Re: Correction?

March 27, 2017 BK in KC 0

This downturn is just a market reaction to the healthcare reform bill that failed to pass. I agree with other posters here that a crash will eventually happen, but this isn’t it. The market will settle down and go back up up in the short run.

Statistics: Posted by BK in KC — Mon Mar 27, 2017 6:08 pm


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Economic Disasters • Re: Correction?

March 27, 2017 Blondie 0

When the hacks at CNBC bring out Grandpa Buffett to assure Americans “all is well” then the correction is here.

That will be 2′-3 weeks before Cramer screams “total capitulation, sell now”.

After he’s sold and gone into hiding.

Statistics: Posted by Blondie — Mon Mar 27, 2017 11:37 am


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Economic Disasters • Re: Correction?

March 27, 2017 rickdun 0

The market has been due for a correction for a couple of years now.

You can’t have companies trading 20 to 30 times their earnings and expect the market to keep climbing, it won’t work for the long term.

I look for a 20% to 30% correction or higher.

Statistics: Posted by rickdun — Mon Mar 27, 2017 11:33 am


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Economic Disasters • Re: Correction?

March 27, 2017 Illini Warrior 0
Cast Iron wrote:
As has been mentioned before in other posts, we are due for a market correction for some time.
It may be here.

http://www.cnbc.com/2017/03/27/us-markets.html

just more media slam of Prez Trump – nothing more …..

they haven’t even acknowledged Prez Trump’s contribution to the upsurge – now it’s his fault? – if that isn’t a freaking slam ….

Statistics: Posted by Illini Warrior — Mon Mar 27, 2017 10:22 am


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Economic Disasters • Re: Interesting article on the next few years!

March 20, 2017 ThunderJ 0

I think that if you really have some wealth to preserve it’s better to invest it in property. And better somewhere else. It will not only let you save your money and even make decent profit if you let it out or sell later, but to leave this country sooner or later. Personally I don’t believe in the bright future of the US (not in the nearest 10 years at least) So I’m currently thinking to buy property in Barcelona apartments there are more affordable than in Germany or the UK, it’s in the top 15 European property markets with really good prospects for investment. It’s a popular destination all the year round and renting out is not a problem at all. Another advantage is that apartments for sale in Barcelona will definitely grow in price with the course of time and if you go for short term rentals you’ll get about 7% returns. Hiring a management company might be a bit of pain in the (Censored word. I’m a potty mouth) though it will help to avoid problems with finding new tenants and the expenses will be rewarded with higher occupancy rates anyway. And I can go and live there when I want. So it’s my ideal escape plan

Statistics: Posted by ThunderJ — Mon Mar 20, 2017 7:05 am


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

March 18, 2017 angie_nrs 0
donba wrote:
It’s like I tell the Boss Lady, You can Only do what you can do. The rest is in Gods hands……

This :thumbup:

I have to keep this in mind, or I could go crazy. The rabbit holes are everywhere! Yet, I could die in a car crash tomorrow. Ya gotta have a life today, even if you are planning for the future. Having a healthy balance is the key…..and it’s hard to do. Especially when you hear and see the reasons to prep continually all around you. I try to have fun with the gardening, canning, cutting wood, etc. There’s more than one reason to do these things…..but if you take joy in it as you go along, then you are truly living life. In the end, isn’t that really what it’s all about? Personally, I’m much more concerned about quality of life as opposed to quantity of life. Although, I’m hoping for a healthy combo of the two. :shakeyes:

Statistics: Posted by angie_nrs — Sat Mar 18, 2017 5:56 pm


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Economic Disasters • Re: Ron Paul says economic collapse will still happen

March 18, 2017 financecourses 0
rj5156 wrote:

daaswampman wrote:The Federal Reserve and Government can print as many dollars as they desire to achieve their agendas. If the dollar lost value, it may not matter that you can pay your obligations in dollars! Ask the people of Venezuela, of their experience in holding their assets in their currency! That is the risk Ron Paul and others have been warning about.

Any rational person should already know, that America (and every developed nation) has more debt than they can ever repay! They are left with the choice of continuing the lie or loosing everything right now! Like death, most people would choose to delay it. Swamp

Never Forget – “The market can stay irrational longer than you can stay solvent.”.

Yup. It’s kind of like a train wreck. I can’t quite bring myself to look away and I keep hoping it will be ok although it is so obvious that it cannot possibly be ok…

Totally agree, just some BASIC finance courses http://courses.corporatefinanceinstitute.com/collections and knowledge would lead anyone to understand exactly what you’re talking about… if you read the US budget like the income statement and balance sheet for a normal business, you would never invest as that business as it’s clear the debt can never be services.

Statistics: Posted by financecourses — Sat Mar 18, 2017 2:05 pm


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Economic Disasters • Re: Marc Faber Warns Markets Will Fall “Like An Avalanche

March 2, 2017 Cast Iron 0
kenjabroni wrote:

rickdun wrote:I agree with Anita, but one thing is for sure (guarnteed), what goes up must come down, The market has boomed since the election and it is well OVER priced and will have a huge correction sometime in the future. Stocks are trading way too high compared to their earnings. You don’t need an event (good or bad) for the market to take a dive, it just happens and they call it a correction and we’re well overdue for one.

Too bad everyone will blame trump and his administration for the correction when it does happen. Its about 5 years overdue to be honest.

I know a guy who has been expecting, seriously, for the correction since 2010.

I agree we are due or overdue.

Statistics: Posted by Cast Iron — Thu Mar 02, 2017 10:54 am


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Economic Disasters • Re: Marc Faber Warns Markets Will Fall “Like An Avalanche

March 2, 2017 anita 0

I’ve said this before and will say it again. No one knows what will happen.

Do I expect the economy to collapse at some point? Yes, I believe it is likely. I’ve been ringing that bell practically as long as Farber. But, no one knows when. No one knows what will happen. Diversity is your friend. Don’t have all your money in the market, but don’t have it all in land, or gold, or any number of other things. My suggestion is to spread it around.

Statistics: Posted by anita — Thu Mar 02, 2017 10:20 am


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Economic Disasters • Re: Marc Faber Warns Markets Will Fall “Like An Avalanche

March 2, 2017 kenjabroni 0
rickdun wrote:
I agree with Anita, but one thing is for sure (guarnteed), what goes up must come down, The market has boomed since the election and it is well OVER priced and will have a huge correction sometime in the future. Stocks are trading way too high compared to their earnings. You don’t need an event (good or bad) for the market to take a dive, it just happens and they call it a correction and we’re well overdue for one.

Too bad everyone will blame trump and his administration for the correction when it does happen. Its about 5 years overdue to be honest.

Statistics: Posted by kenjabroni — Wed Mar 01, 2017 8:55 pm


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Economic Disasters • Re: Marc Faber Warns Markets Will Fall “Like An Avalanche

February 28, 2017 rickdun 0

I agree with Anita, but one thing is for sure (guarnteed), what goes up must come down, The market has boomed since the election and it is well OVER priced and will have a huge correction sometime in the future. Stocks are trading way too high compared to their earnings. You don’t need an event (good or bad) for the market to take a dive, it just happens and they call it a correction and we’re well overdue for one.

Statistics: Posted by rickdun — Tue Feb 28, 2017 10:36 am


Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 19, 2017 Northern Freeman 0

It seems to me that people that prep for different aspects of what they think will happen also differ on PMs. I agree with it goes to a 90% people die off that PM will be everywhere if you look for it, but if it is just a major economic downturn and massive inflation, a couple hundred silver ounce coins or gold could go a long way. To bet on just one situation could be devastating. At the same time, items like playing cards, soap bars, salt and pepper and such might be easier to barter with for other small items. Who knows, it might be a major down turn and then a 90% die off. A little PM just might make it more easier through a down turn and make it possible to survive the 90% die off if it happens. Why take a chance, if you got it get it.

Statistics: Posted by Northern Freeman — Sun Feb 19, 2017 2:40 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 19, 2017 RayMac1963 0

Swamp, you point out a significant divergence in this discussion. There are clearly two situations. One is a common man, day to day application of metals as part of prepping. Then there is the “investment” (for lack of a better word) side. If you want safe harbor for years of labor or wealth protection, then you have to hold some metal. And not the crap gold certificates in some fund, i mean silver and gold in your possession. I would even go so far as to say some in a back vault, but some in your OWN safe or vault. IF i had a few mill, you can bet you last can of beans some of it is going to be in gold. And not in gold coins or bars the government knows about, so they can’t confiscate in with some emergency action crap.

Statistics: Posted by RayMac1963 — Sun Feb 19, 2017 9:56 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 19, 2017 daaswampman 0

A question for all those who want to discredit gold and silver – where would you put a savings of a few mil or so and you already have all the usual? It seems those who want to discredit pm’s, are the same people who can’t afford them.

Rice, beans, and a few tools is not an option if your successful and have anything to protect. If I didn’t have any money, I would not be interested in gold and silver, just like I would not own stocks, land I don’t live on, or other things that may go up in value. I would not take cooking advice from someone who can’t cook? Same reason I fired a financial adviser when I found out he had less money than I did. That is why people with money make more money and poor stay poor. Swamp

Statistics: Posted by daaswampman — Sat Feb 18, 2017 8:01 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 18, 2017 MrDanB 0

Precious metals are not for everyone. This is apparent by the comments here. The same 1/4 oz gold coin will buy today what it bought 100 years ago. The value is intrinsic and fungible. The value of paper dollars (Federal Reserve Notes) goes up and down. Currently, the US dollar has lost over 90% of it’s buying power. Historically, as the dollar goes up in “value”, the metals go down (and vice versa).
When I was a youngster, silver was running under 5 bucks a troy ounce. It’s at 18 today. On top of how well it’s done for me personally, it’s value is manipulated by Wall Street. It SHOULD be running at 170+ per troy ounce by todays weakened dollar! If/when the manipulation ends, it will skyrocket! If the dollar further tanks, it will skyrocket. China has had their AIIB and precious metals exchange open for a while now. They are valuing metals higher than we do here in the US. When the disparity becomes glaringly obvious to US investors, they will want to pull their paper metal assets and invest in Asian markets. The problem is that they only do business in physical precious metals, not paper.
Now, having said all of that… During the Weimar Republic financial crisis, those who had a little handful of gold coins faired well through it (see chart)WeimarGoldprices.jpg. Some smart investors even thrived during their collapse. It is rumored that 25 ounces of gold in those days would have bought an entire city block of downtown Berlin! Zimbabwe, Venezuela, Bosnia, Greece etc the line of failing paper currencies around the globe is LONG! In each of those countries, if you had just a handful of gold or a few hundred ounces of silver, you could get through just fine. I do not collect gold and silver coins/bullion to eat it! That would just be silly. I collect it because I work hard and I want some buying value and power to my future purchases. I want to know that my hard work was not in vain! If I need cash, I take some coins down to a bullion vendor and trade them in for cash money. There will always be someone willing to take gold or silver in trade or barter…

Statistics: Posted by MrDanB — Fri Feb 17, 2017 8:04 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 17, 2017 anita 0

I’m entering this fray one more time. I don’t think PMs are the first prep you should buy, or even the second or third or tenth.
However, once you have what you need, then having some PMs is appropriate. Just as I don’t want to have all my savings in one mutual fund or one stock, I don’t want to have all my preps in one thing. Rice and ammo are good to have stored, no doubt.. Toilet Paper is a must. But it only lasts so long. If you have more than enough rice or beans or ammo, that’s when you look at PMs. No one knows what might happen, or what might be of great (or little) value.

Within PMs, you wouldn’t hold all gold. To me gold is good for retaining some of your “wealth” (If you want to consider it that) no matter what happens. You wouldn’t use it if you didn’t have to until commerce was re-established. Then gold might be something that has retained its value and give you some portion of what you once owned.

Silver is more easily traded, because it isn’t as valuable. Junk silver coins would be good for “buying/bartering.” They are easily recognizable, as Ray said (whether you get dimes or quarters) and the value can be easily established.

I don’t plan to buy a dozen eggs or a bucket of rice with a gold coin. But I could use junk silver for that, if necessary. I might use gold to buy a piece of land, or perhaps a couple of horses (who knows).

It’s called not putting all your eggs in one basket.

Statistics: Posted by anita — Fri Feb 17, 2017 5:35 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 17, 2017 sageprice 0

You all think that there will be someone setting a market some where. Phzzt! the first trade will happen when you bump into another surviver like you. As your contacts widen you will agree to set up a meeting place to exchange goods and someone to maintain order. Already you are talking 5 to 10 years. Where are your kings. The bible tells you that KINGS take your wealth in taxes and steals your daughters. You better beware of attracting such a monster with you horde of gold, should you live that long.

Statistics: Posted by sageprice — Fri Feb 17, 2017 3:59 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 17, 2017 Matte 0
In the scramble for surviving resources, survivors may develop a domestic mode of production in which currency will be displaced by barter for exchanges of subsistence goods and a system of fixed allocations may be established. Currency is likely to be confined to the prestige sphere, or for obtaining particularly lumpy goods, and probably will consist of precious metals and gems.

From the article I posted a link to above. That’s the researchers conclusion based on studies of prior events, history may not repeat but it often rhymes.

A few rifle cartridges for a few eggs, some batteries for a blanket, boot repair in exchange for a few pounds of salt, that is subsistence type bartering. It will likely occur between neighbors or those in close proximity very early following a collapse. Later, once some order and security and a means for dispute arbitration exists, then in peasant marketplaces set up for trading subsistence type goods. Hand to mouth existence stuff, small quantities of silver might be useful here.

Lumpy goods/services would be things like medical services, land or homes, multiple head of cattle, getting your 1000 gallon propane or diesel tank refilled, a new tractor, or a winter’s worth of split firewood. Prestige is power within the group, clan, or community, the ability to influence people and get favorable outcomes in disputes. It might be fun to fantasize about the stupid rich people or clueless community leaders begging you to take their luxury items in exchange for a loaf of bread, but it’s not very realistic. At least some of their pre-collapse prestige will carry over initially and they’ll be trying to organize people and resources, whether you’re seen as one of the organizers or one of the organizees (is that a word?) depends on your prestige.

And there’s going to be black markets, even during the siege of Leningrad when some had resorted to cannibalism there was still food for purchase if you could afford it. If you want larger quantities of rationed or contraband items, or extra ration cards, this is probably where you’ll need to shop.

If you can afford to pay cash for expensive prestige/lumpy goods now, without using payment plans or insurance or credit, and you want to be able to continue to do so following a major societal collapse, that’s where gold is likely to be your best bet. This is how I see it paying out in a sudden societal collapse anyway, within a few weeks some structure (not necessarily good) will start to take shape out of the chaos.

Statistics: Posted by Matte — Fri Feb 17, 2017 10:10 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 17, 2017 eochief66 0
daaswampman wrote:
Gold has held value in all of human history. Even when the human population was a tiny fraction of what it is today. Nor is there a documented period in human history, when some type of monetary system did not exist.

It is fiat currencies that lose value. After the fall of Roman Empire, it’s coinage was widely used for hundreds of years. There is ample evidence that even its non silver or gold coins were used, because there were few if any alternatives. That makes a good case for saving copper pennies and nickels which can still be had for face value.

Few people have ever experienced barter. Exchanging a few things with friends and neighbors is not real barter. Try getting fair value or making change using eggs or vegetables. The biggest problem is finding something they want for something you need! Chances are most people will be looking for the same things and will not have anything you need. Swamp

Thanks Swamp! That is what is being forgotten here, gold, silver, copper and even paper are a medium of exchange! The guy you want to trade with might not need your potatoes, ammo, or grains. But he knows others that will take a recognized medium of exchange for what he needs, and so on and so forth!

Statistics: Posted by eochief66 — Fri Feb 17, 2017 8:42 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 17, 2017 ajax727 0

As stated before you can’t eat PM’s , but they can be traded for food , water or other items . I think you should have a balance in your prepping so PM fill that gap . The value of a coin compared to the value of a bag of rice or beans could be short sided it will be based upon how hungry you are or your family is . So just say you have a bag of sliver coins and I have a barrel of rice and beans if you are hungry the coins have no value when you have not eaten in a few days . a cup of rice for a sliver dime a cup of beans for a sliver dime and that can of treat meat or spam it is a 4 sliver quarter per can oh forgot the water it is worth 4 quarters a pint .
All I am say is yes Pm hold a value but food and water hold a higher value based upon your will and desire to live a little longer or your family to live a little longer .

Statistics: Posted by ajax727 — Fri Feb 17, 2017 7:46 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 daaswampman 0

Gold has held value in all of human history. Even when the human population was a tiny fraction of what it is today. Nor is there a documented period in human history, when some type of monetary system did not exist.

It is fiat currencies that lose value. After the fall of Roman Empire, it’s coinage was widely used for hundreds of years. There is ample evidence that even its non silver or gold coins were used, because there were few if any alternatives. That makes a good case for saving copper pennies and nickels which can still be had for face value.

Few people have ever experienced barter. Exchanging a few things with friends and neighbors is not real barter. Try getting fair value or making change using eggs or vegetables. The biggest problem is finding something they want for something you need! Chances are most people will be looking for the same things and will not have anything you need. Swamp

Statistics: Posted by daaswampman — Thu Feb 16, 2017 6:57 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 RayMac1963 0
Gunns wrote:
Its not about the allure. Its about those people that have a life times of savings to protect. You can only buy so much prepper stuff. Bullets fail, rifles rust, food goes bad, water gets old and medicines age. But PM’s will always maintain there worth.

I would adjust that to “some” worth. Anyway, i kind of agree with Cast on this one. The only metal i have are Roosevelt dimes. They are trade-able, not easily counterfeited so most people agree on their value, and they are a nice size/value for exchange. I am always adding to my stock, but they are mainly to barter for fuel if i headed south. SHTF, i’m not trusting some joker trying to trade me a gold ingot for a case of MREs.

Statistics: Posted by RayMac1963 — Thu Feb 16, 2017 5:56 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Matte 0

Saw this referenced elsewhere, Markets, Distribution, and Exchange after Societal Cataclysm.

It’s somewhat dated but the different scenarios it presents makes sense in my unlearned opinion. If you’re in a hurry skip to chapter 7 (“The Worst Case”). But the “Resource Abundance” or “Institution Intensive” scenarios may be more likely if you live in rural/agricultural or an urban area, respectively.

Very dry reading, maybe best saved for a rainy day ( :) ) but I thought it was informative and a good starting point for a rational/responsible discussion on how barter and markets might work following a disaster. Gold isn’t always best for example, and yes you will still have to pay taxes (with something, to somebody).

Statistics: Posted by Matte — Thu Feb 16, 2017 2:03 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Gunns 0
sageprice wrote:

rickdun wrote:I’m not disagreeing with you CI, but what if you happen to get shot going into those abandon homes, stores. What if all your supplies are diminshed or die off or stolen and you have nothing for trade but PM’s. As far as change, to get a meal for me and family or get medical attention, etc., when I have nothing else to trade but PM’s, I’m not going to ask for change, I’m going to eat, get some medical supplies, ammo, etc., I’m not going to worry about change, it’s a tip for the ones that I get it from.

We have enough food, supplies, medical supplies, anti-biotics, clothing, coal, firewood, ammo, guns, seeds, chickens, cattle, etc. to last years, but I also have PM’s when it’s all gone or stolen. I may be wrong, but I’m trying to cover all bases.

If after a year and 90% of the population is dead (I’ve heard as high as 99%), then I’ll be one lonely rich guy, if I survive.

If they steal your supply, what to stop them from stealing your PMs or your life?
Gold and silver only have value if you can trade it. If the dollar fails then one gold coin is worth one gold coin. You are not protecting your future you are deluding your self. The value of PM is dependent on what value society place on it. 90% die off, no law, no paper money, very few people to trade with, and they are willing to kill you first. In a massive SHTF event, the three necessities come first. You can talk about getting shot looting, but ten years out when people finally come out from hiding people will trade for things that are not useless to survive with. A good ax, salt, ammo, fresh eggs and sewing needles. Gold will take up to a hundred years to regain its value. In reality gold and silver are only as good as the monetary system. No monetary no value.

I disagree. With 20,000 years of history gold has remained the currency of kings and will remain so.

Statistics: Posted by Gunns — Thu Feb 16, 2017 1:47 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 sageprice 0
rickdun wrote:
I’m not disagreeing with you CI, but what if you happen to get shot going into those abandon homes, stores. What if all your supplies are diminshed or die off or stolen and you have nothing for trade but PM’s. As far as change, to get a meal for me and family or get medical attention, etc., when I have nothing else to trade but PM’s, I’m not going to ask for change, I’m going to eat, get some medical supplies, ammo, etc., I’m not going to worry about change, it’s a tip for the ones that I get it from.

We have enough food, supplies, medical supplies, anti-biotics, clothing, coal, firewood, ammo, guns, seeds, chickens, cattle, etc. to last years, but I also have PM’s when it’s all gone or stolen. I may be wrong, but I’m trying to cover all bases.

If after a year and 90% of the population is dead (I’ve heard as high as 99%), then I’ll be one lonely rich guy, if I survive.

If they steal your supply, what to stop them from stealing your PMs or your life?
Gold and silver only have value if you can trade it. If the dollar fails then one gold coin is worth one gold coin. You are not protecting your future you are deluding your self. The value of PM is dependent on what value society place on it. 90% die off, no law, no paper money, very few people to trade with, and they are willing to kill you first. In a massive SHTF event, the three necessities come first. You can talk about getting shot looting, but ten years out when people finally come out from hiding people will trade for things that are not useless to survive with. A good ax, salt, ammo, fresh eggs and sewing needles. Gold will take up to a hundred years to regain its value. In reality gold and silver are only as good as the monetary system. No monetary no value.

Statistics: Posted by sageprice — Thu Feb 16, 2017 1:28 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Cast Iron 0
Gunns wrote:

Cast Iron wrote:

Gunns wrote:Its not about the allure. Its about those people that have a life times of savings to protect. You can only buy so much prepper stuff. Bullets fail, rifles rust, food goes bad, water gets old and medicines age. But PM’s will always maintain there worth.

I see your point.

However, until things normalize enough after SHTF, where the survivors do not have to worry about where their next meal is coming from, I am charging five one oz gold coins for a dozen eggs.

That is kind of funny. But in reality if you did that you wouldn’t last long. In SHTF you still need to watch your back and by screwing people over you would most likely be all finished after SHTF. They will remember.

How so?

I will gladly trade for ammunition.
50 rounds of .22LR? Deal.
Why? .22LR has immediate worth to me. I own a .22LR. So does nearly everyone of my neighbors. If I do not use it myself, I can easily trade it with others who may need it.

5 rounds of .308WIN? Deal.
Why? .308WIN has immediate worth to me. I own a bolt rifle in .308WIN and I know a number of my neighbors do as well.

5 rounds of .223REM? 10 rounds and we will have a deal.
Why? I do not own anything in .223REM. I know of one neighbor who has a rifle in .223REM. While it is a common round, if I do not have an immediate market, I am assuming more risk. In order to make it worth taking on that risk, I will require more rounds.

10 rounds of 6.8SPC? No deal.
Why? I do not own one. No one I know owns one. I do not think I have ever met anyone who does.
If, big IF, I were to take the trade, I would require 50 rounds of 6.8SPC as I am taking on a much greater risk of finding someone to trade for it in the future.

PMs you have is all you have on hand?
I got a drainage ditch that needs cleared out. You clear it, I will feed you hot dinner, and give you something to take with you when you go.

As for watching my back, my neighbors garage door broke the other day. Out in twenty degree temps for over an hour, I fixed it for them.
I gave them a dozen eggs as we had four dozen in the fridge.
He used his front loader to push back the five foot tall snow drift at the end of my drive.
I have their back. They have mine.

Statistics: Posted by Cast Iron — Thu Feb 16, 2017 12:47 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Cast Iron 0
rickdun wrote:
I’m not disagreeing with you CI, but what if you happen to get shot going into those abandon homes, stores. What if all your supplies are diminshed or die off or stolen and you have nothing for trade but PM’s. As far as change, to get a meal for me and family or get medical attention, etc., when I have nothing else to trade but PM’s, I’m not going to ask for change, I’m going to eat, get some medical supplies, ammo, etc., I’m not going to worry about change, it’s a tip for the ones that I get it from.

What if gold, silver and diamond rings and other jewelery left among the survivors is so prolific, it actually drives the worth of PMs into pennies on the oz?

What if you are being chased by a mob of mall ninja Spider People, your PMs are weighting you down, and your choice is to dump them and live, or hold them and die?

Point is, we can what if all day long and really it does not matter. That is the beauty of this conversation: In the end the worth of PMs lies in the belief of the individual.

If after a year and 90% of the population is dead (I’ve heard as high as 99%), then I’ll be one lonely rich guy, if I survive.

If there is no one to trade with, than does a PM even have worth?

Statistics: Posted by Cast Iron — Thu Feb 16, 2017 12:27 pm


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Gunns 0
Cast Iron wrote:

Gunns wrote:Its not about the allure. Its about those people that have a life times of savings to protect. You can only buy so much prepper stuff. Bullets fail, rifles rust, food goes bad, water gets old and medicines age. But PM’s will always maintain there worth.

I see your point.

However, until things normalize enough after SHTF, where the survivors do not have to worry about where their next meal is coming from, I am charging five one oz gold coins for a dozen eggs.

That is kind of funny. But in reality if you did that you wouldn’t last long. In SHTF you still need to watch your back and by screwing people over you would most likely be all finished after SHTF. They will remember.

Statistics: Posted by Gunns — Thu Feb 16, 2017 11:48 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 anita 0
Cast Iron wrote:
Why?
Supply vs. demand right?
If Wall-Mart no longer exists, the JIT food system is gone, what you have is what you have.
Ask the average American where eggs, hamburger, bread comes from and they respond,
“The supermarket.”
We have had college educated friends, two with advanced degrees, did not know a cow had to be lactating to produce milk.

In taking PM in trade I am assuming more of the risk. Will I be able to find someone in the future to trade for it, and at a equal value for what I traded it for in the first place?
How do I make change?
Is it counterfeit?
If one guy in the who community has five PMs, is that enough to generate an economy? Or are we just passing around the same five coins?

If what some have posted here, 90% of the US population is going to die off in the first year, why bother with PMs?
Just go into an abandoned house and look for gold and silver jewelery, diamonds, watches, etc.

I would be more inclined to trade for things like ammunition, medical supplies, honey, candles, those kind of things.

You’re assuming that the sheep will have gold to trade.
PMs have always had value throughout time. Does that mean they will in the future? No one knows, but contrary to fiat money, it has in the past.

I’m like Rickdun, assuming that the PMs I have will go to my kids. It is insurance. I wouldn’t own them until I had a goodly amount of other things.

Statistics: Posted by anita — Thu Feb 16, 2017 10:53 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 rickdun 0

I’m not disagreeing with you CI, but what if you happen to get shot going into those abandon homes, stores. What if all your supplies are diminshed or die off or stolen and you have nothing for trade but PM’s. As far as change, to get a meal for me and family or get medical attention, etc., when I have nothing else to trade but PM’s, I’m not going to ask for change, I’m going to eat, get some medical supplies, ammo, etc., I’m not going to worry about change, it’s a tip for the ones that I get it from.

We have enough food, supplies, medical supplies, anti-biotics, clothing, coal, firewood, ammo, guns, seeds, chickens, cattle, etc. to last years, but I also have PM’s when it’s all gone or stolen. I may be wrong, but I’m trying to cover all bases.

If after a year and 90% of the population is dead (I’ve heard as high as 99%), then I’ll be one lonely rich guy, if I survive.

Statistics: Posted by rickdun — Thu Feb 16, 2017 10:21 am


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Economic Disasters • Re: So for investors who hold physical gold and silver, 2017

February 16, 2017 Cast Iron 0
rickdun wrote:

Cast Iron wrote:

Gunns wrote:Its not about the allure. Its about those people that have a life times of savings to protect. You can only buy so much prepper stuff. Bullets fail, rifles rust, food goes bad, water gets old and medicines age. But PM’s will always maintain there worth.

I see your point.

However, until things normalize enough after SHTF, where the survivors do not have to worry about where their next meal is coming from, I am charging five one oz gold coins for a dozen eggs.

Cast Iron, that is definately price gouging, I’ll only charge 1/10 oz of gold that comes to about 1.25/egg. With all seriousness, I never believed in PM’s because I thought I could be self sufficient, but after many discussions with some here on the APN (GUNNS was one of them), I changed my mind and now I have 1000’s of dollars in 1oz silver bars, rounds, etc., if anything my kids will end up with them and not have to pay the county, state, feds any inheritance taxes on it.

Thanks Gunns and the others that changed my mind, I really appreciate you guys.

Why?
Supply vs. demand right?
If Wall-Mart no longer exists, the JIT food system is gone, what you have is what you have.
Ask the average American where eggs, hamburger, bread comes from and they respond,
“The supermarket.”
We have had college educated friends, two with advanced degrees, did not know a cow had to be lactating to produce milk.

In taking PM in trade I am assuming more of the risk. Will I be able to find someone in the future to trade for it, and at a equal value for what I traded it for in the first place?
How do I make change?
Is it counterfeit?
If one guy in the who community has five PMs, is that enough to generate an economy? Or are we just passing around the same five coins?

If what some have posted here, 90% of the US population is going to die off in the first year, why bother with PMs?
Just go into an abandoned house and look for gold and silver jewelery, diamonds, watches, etc.

I would be more inclined to trade for things like ammunition, medical supplies, honey, candles, those kind of things.

Statistics: Posted by Cast Iron — Thu Feb 16, 2017 9:47 am