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


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

February 16, 2017 rickdun 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.

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.

Statistics: Posted by rickdun — Thu Feb 16, 2017 8:10 am


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

February 16, 2017 theoutback 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.

:rofl::rofl: ….. oh wait, your serious. Good idea!

I guess it depends on your status. If your worth is great, I can see some PM’s. Although, have you ever watched any of those home buying video’s for preppers? You can sink a pretty good fortune into a prepper stronghold.

Statistics: Posted by theoutback — Thu Feb 16, 2017 8:00 am


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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:
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.

Statistics: Posted by Cast Iron — Thu Feb 16, 2017 7:52 am


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

February 15, 2017 daaswampman 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.

+1

I will add than most Westerners have no experience with gold as money or think they can’t afford it, but it is commonly traded in small and large transactions in many parts of the world! I would also add, that if you have ever panned or mined for gold – 1,200 is a bargain! Swamp

Statistics: Posted by daaswampman — Wed Feb 15, 2017 6:17 pm


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

February 11, 2017 RockinB 0

Good article. The author (based in Europe) doesn’t make one dime off of anyone in this country when we walk in a pawn shop and buy gold / silver bullion at a decent price over spot or order 100 ounces of silver rounds online through a US mint. One’s labor is finite and history shows us that precious metal has always been the preferred medium of exchange and preservation of labor. Hard times are coming for those that ignore what’s going on globally with fiat currency. I’ll continue storing my labor in silver and lead and hopefully wont need either.

Here’s another good article: http://theantimedia.org/cash-europe-mov … per-money/

“Since the public’s attention has been drawn to emotional manipulations and political stunts, the threat the war on cash represents has gone unrecognized. Instead of feeding energy into systems meant to divide and conquer, individuals must educate themselves to secure their own financial futures. By submitting to the hive mind and following the media down whichever rabbit hole they choose, the most important issues of today will go unnoticed. The value of advocating for decentralized and physical alternatives to the banking system may not be easily grasped by the activists of today, but few other things have the potential to erode freedom on such a massive scale.”

Statistics: Posted by RockinB — Sat Feb 11, 2017 10:47 am


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

February 10, 2017 Gunns 0
sageprice wrote:
Just to put some ideas in your head;
1. How long will you hold Gold and silver before you can trade it in for the NEW economy.
2. What value will a barter marketer place on your PM when he knows you are hungry and he has no place to cash it in.
3. Will your PM’s gain or lose its value compared a loaf of bread or a dozen eggs. During a depression it gained during an inflation it lost.

Good questions. You could buy a gallon of gas with the same amount of silver since 1909. Same suit of cloths with a gold coin. Same with a car. The Model T was about $825 dollars and gold was about $20.

Its about protecting what you have in most cases. Diversify.

Statistics: Posted by Gunns — Fri Feb 10, 2017 1:03 am


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

February 9, 2017 sageprice 0

Just to put some ideas in your head;
1. How long will you hold Gold and silver before you can trade it in for the NEW economy.
2. What value will a barter marketer place on your PM when he knows you are hungry and he has no place to cash it in.
3. Will your PM’s gain or lose its value compared a loaf of bread or a dozen eggs. During a depression it gained during an inflation it lost.

Statistics: Posted by sageprice — Thu Feb 09, 2017 2:46 pm


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

February 9, 2017 eochief66 0

I post articles such as this one to make people think! As others here, I read a lot about finances, state of our country etc. I do not and hopefully others do not take one persons article as gospel. I glean from these articles what I deem relevant and dismiss the rest as propaganda.
Over the past years many of the ideas of these authors have come to fruition, many have not.
Keep an open mind, and always think out of the box!

Statistics: Posted by eochief66 — Thu Feb 09, 2017 11:03 am


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

February 9, 2017 Gunns 0
KazKaz wrote:
I’m sorry for being the negative one here, but.. after reading the entire article, I closed the page thinking I had just read a clever sales pitch from somebody in a position to benefit greatly by pushing propaganda while tapping into the current pulse of the election to garner confidence from those who would be paying the 20% commission and 5% annual maintenance fees into his personal savings account.
There is no question that the national debt is an anchor that we, as a country, must find a way to break free of.
But, the 1800’s are gone. We can’t tie our horses off to the watering post out in front of the general store and trade gold nuggets for groceries.
$Trillions of dollars in debt? To who? Who does the nation owe that money to? Itself.
The problem with that is.. nobody is making any sacrifices to right that wrong, and balance the checkbook.
Nobody dares to audit the expenditures of the government to identify the problem.
Instead, just print more monopoly money.
That is no solution.
If we all emptied our bank accounts, sold our investments, and liquidated our assets, the banks would only have enough paper money to give us perhaps 2cents for every dollar. If even that.
But, because we can walk up to any ATM, push a couple keys, and be holding $100 in a matter of seconds, that provides the illusion of financial security.
That’s all it is. An illusion.
Gold may very well be civilizations next global currency.
But, not until recovering — AFTER the collapse of the current world economy.
This linked article is putting the author of it in a better position to survive the ongoing economic meltdown.
At the expense of anybody who believes the illusion.
Personally, instead of buying gold, I will put a couple hundred pounds of food in the storage shed.
Why?
Gold has ZERO nutritional value.

I sort of agree with you. So now you ate all that food and your gardens failed due to weather and you’re standing there with nothing of value to get some food from others. They ask you “have any silver or gold” and you say NO but I have this tractor that still runs and they say, can’t fit that tractor in my pocket.

The truth of it is that gold and silver will always be the currency of choice, even in, during and after a disaster.

Statistics: Posted by Gunns — Thu Feb 09, 2017 10:18 am


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

February 9, 2017 KazKaz 0

I’m sorry for being the negative one here, but.. after reading the entire article, I closed the page thinking I had just read a clever sales pitch from somebody in a position to benefit greatly by pushing propaganda while tapping into the current pulse of the election to garner confidence from those who would be paying the 20% commission and 5% annual maintenance fees into his personal savings account.
There is no question that the national debt is an anchor that we, as a country, must find a way to break free of.
But, the 1800’s are gone. We can’t tie our horses off to the watering post out in front of the general store and trade gold nuggets for groceries.
$Trillions of dollars in debt? To who? Who does the nation owe that money to? Itself.
The problem with that is.. nobody is making any sacrifices to right that wrong, and balance the checkbook.
Nobody dares to audit the expenditures of the government to identify the problem.
Instead, just print more monopoly money.
That is no solution.
If we all emptied our bank accounts, sold our investments, and liquidated our assets, the banks would only have enough paper money to give us perhaps 2cents for every dollar. If even that.
But, because we can walk up to any ATM, push a couple keys, and be holding $100 in a matter of seconds, that provides the illusion of financial security.
That’s all it is. An illusion.
Gold may very well be civilizations next global currency.
But, not until recovering — AFTER the collapse of the current world economy.
This linked article is putting the author of it in a better position to survive the ongoing economic meltdown.
At the expense of anybody who believes the illusion.
Personally, instead of buying gold, I will put a couple hundred pounds of food in the storage shed.
Why?
Gold has ZERO nutritional value.

Statistics: Posted by KazKaz — Thu Feb 09, 2017 9:32 am


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

February 8, 2017 rj5156 0

Good points all around on assets! I don’t ever plan on moving around but life is uncertain. I have always chosen to invest my excess money in tools, better tools, cheap tools at flea markets, and extra tools! I do stock non-perishable foods as long ahead as they will keep.

Along the way I have also watched ebay over many years, for semi-precious gemstones and whenever I could win some for a ridiculously low amount – I did. They are small, extremely portable, easy to hide. Not something most folks stockpile either.

Everybody thinks of gold and silver, so I never could get much of those for pennies on the dollar like I have the gemstones. Since I have literally almost nothing in them, and they are soooooo pretty, it seemed like a fine idea to me.

Statistics: Posted by rj5156 — Wed Feb 08, 2017 12:27 pm


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

February 8, 2017 Halmic73 0

I keep in mind that the beginning of money was to transport wealth efficiently. If you don’t plan on moving around rice, beans, and other commodities will be your reserve. If you think you might be mobile gold and silver are your friend along with the skills and knowledge to live off of the land. IMO

Statistics: Posted by Halmic73 — Tue Feb 07, 2017 8:44 pm


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

February 7, 2017 Cast Iron 0
eochief66 wrote:
This quote pretty much say’s it all!

“Which Assets Are Most Likely To Survive The “System Re-Set”?
Your skills, knowledge and social capital will emerge unscathed on the other side of the re-set wormhole.
Your financial assets held in centrally controlled institutions will not.” – Charles Hugh Smith

Read that one too. I thought it was pretty good.

Statistics: Posted by Cast Iron — Tue Feb 07, 2017 11:14 am