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Discussion in 'Preparedness & Survival' started by Mark W., Nov 18, 2013.
Hows that $1800 an once stuff treating you lately?
It's only being held artificially low. It will go up in do time. The same as our economy is being manipulated to look like its getting better. As long as people treat it as an investment and not a quick buck, they will be fine.
Those who stack gold do it as a long term proposition. Speaking strictly for myself I hope it drops another $100. I want to buy a bit more but cash is a little tight right now as I need to send over 2200 to the leaches of King county....because no one owns a house, the government does and they let you live in it.
My buying gold was part of the tipping point of my (self initiated divorce) looking back I wish I had bought more, much earlier, 10 years earlier!
But as the centuries old adage goes:
"Copper in hand
Silver in purse
Gold in Box"
Or to put it another way:
"Food in hand
Shelter in purse
Long Term 'wealth' in box"
Food and shelter is the #1 prep a man/family can make. PMs will be eaiser to transport but food is instantly usable
Food is still 'cheap'
Seems the vast majority of people are happy with the taxes. My self I hate them.
You mean 65.00 up to 235.00 don't you? And its been treating me well. How about you?
bought mine in preparation for y2k... silver too.
Gold and silver values are set by The London Gold Pool, and is aptly called The London Gold FIX LOL! The first fixing took place on 12 September 1919 amongst the five principal gold bullion traders and refiners of the day: N M Rothschild & Sons, Mocatta & Goldsmid, Pixley & Abell, Samuel Montagu & Co. and Sharps Wilkins. When you see names like Barclays and Rothschild among the London Gold Pool 5, it's clear that they are anything but objective and have an agenda fixing the price of gold as they need it. Remember who owns the private bank called The Federal Reserve, which prints the 90+ % devalued fiat debt currency we all carry around, and their vested interest in keeping that currency seemingly "solvent" to the sheeple. It matters not to me a whit if we are in a trough at $1250 an ounce, or that it continues to fall... I will always trade dirty paper for gold or silver. Gold has ALWAYS been worth the very same for thousands of years now... the only changes we see are those in the value of the paper currency and thus the arbitrary and/or conspiratorial price fixing. A half ounce of gold would buy a Roman citizen the best toga in town... and the best suit in town in the old west. Today, it will still buy you a Brooks brothers suit of clothes. The value of gold is a constant, only it's comparison to fiat currencies changes.
I didn't know it was that low.. it was 1800 last year.
Can't eat it or drink it. It won't shelter me, clothe me, or provide me heat, or light. I cannot defend me and mine with it. In a total economic/society collapse I prefer to have food, clothing, shelter, a source of energy and a means to protect me and mine. Different strokes for different folks. In Bosnia I do not recall reading about the average person bartering for gold, but rather food, ammunition, medicine and weapons. Stock pile what you wish, it really will not matter in the long run.
All true. If one has limited means, the items you list are paramount. However, IF one has already amassed everything your family needs in preps for years and years and you STILL have a mountain of wealth in fiat currency (i.e. Federal Reserve Notes) THEN it becomes necessary to preserve that wealth in gold and silver. It may be years before your family can utilize that wealth again, or even a generation. But preserving it for your family's future is WAY WAY preferable to having it all turn into worthless dirty paper via hyperinflation. The "average person" scenario you describe is a very different matter, and that average person is better off with commodities to eat, drink, shoot, and barter.