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Trying to get an understanding here, guys...not meaning to insult or bash anyone's plans, just have a few questions about why you are stocking up on Gold/Silver.
1) Are you stocking up on Gold/Silver at your residence?
To me, I think this tactic is foolhardy. If you have to vacate your residence for any reason (raiders, wild fire, government led searches, etc.) you might as well be a bank waiting to be robbed. Are you burying it a cache somewhere? Do you plan to just "ride out" whatever is happening, hopping it will pass you buy? If so, don't you think that this might backfire against you as you keep all your eggs in one basket?
2) Do you have a balanced proportion of food, guns and gear with your Gold/Silver?
I know a coworker that has invested his entire lifesavings in Gold. He has a sound retirement plan and hundreds of thousands of dollars in investments and actual Gold in his hand from him actually panning it himself! Nevertheless, he is probably going to die of old age before he can enjoy a penny of his labor efforts and has no supplies in case of TEOTWAWKI. So lets face it, Gold, money, heck any valuable in your home is only as worth as much as the person on the other end of the table is willing to trade for it. If the person you are trading with needs batteries, then what worth to him will be a silver coin? Having said that, do you have a plan to defend you hard earned spoils? Gold/Silver may be a great investment for a depression-like era in the 1960's, but don't you think having a good balance of other supplies to ride out the hard times is a better investment than begging for food with your coins?
3) Do you have actual Gold/Silver in your possession, or in stock?
I think this is counterproductive. If you invest in Gold/Silver due to a collapse in our market system but give a dime to something that isn't tangible you might as well be throwing your money in the fire- hopping it won't burn because it's in the corner and not in the middle.
I'm not naive enough to think that people who have Gold/Silver during an economic crisis won't be the one's who prosper financially than those who aren't. You will literally be a rich man among peasants. Nevertheless, that will make you more of a target when you're the one handing out coins while people are burning their bills for a fire somewhere to be warm. If you are stashing your Gold/Silver someplace, waiting for the right time to retrieve it as the economy recovers then I think you have all the angles figured out and are probably more prepared than even 90% of the actual "preppers" out there. Nevertheless, you should have a balance of what is valuable to re-transition into our new economy and what will keep you breathing during the SHTF stage. Food, Water, Shelter should be the top priority (in my eyes). Then guns and ammo to keep your supplies- THEN Gold/Silver to recover. It's just my 2 cents, tell me your opinions.
1) Are you stocking up on Gold/Silver at your residence?
To me, I think this tactic is foolhardy. If you have to vacate your residence for any reason (raiders, wild fire, government led searches, etc.) you might as well be a bank waiting to be robbed. Are you burying it a cache somewhere? Do you plan to just "ride out" whatever is happening, hopping it will pass you buy? If so, don't you think that this might backfire against you as you keep all your eggs in one basket?
2) Do you have a balanced proportion of food, guns and gear with your Gold/Silver?
I know a coworker that has invested his entire lifesavings in Gold. He has a sound retirement plan and hundreds of thousands of dollars in investments and actual Gold in his hand from him actually panning it himself! Nevertheless, he is probably going to die of old age before he can enjoy a penny of his labor efforts and has no supplies in case of TEOTWAWKI. So lets face it, Gold, money, heck any valuable in your home is only as worth as much as the person on the other end of the table is willing to trade for it. If the person you are trading with needs batteries, then what worth to him will be a silver coin? Having said that, do you have a plan to defend you hard earned spoils? Gold/Silver may be a great investment for a depression-like era in the 1960's, but don't you think having a good balance of other supplies to ride out the hard times is a better investment than begging for food with your coins?
3) Do you have actual Gold/Silver in your possession, or in stock?
I think this is counterproductive. If you invest in Gold/Silver due to a collapse in our market system but give a dime to something that isn't tangible you might as well be throwing your money in the fire- hopping it won't burn because it's in the corner and not in the middle.
I'm not naive enough to think that people who have Gold/Silver during an economic crisis won't be the one's who prosper financially than those who aren't. You will literally be a rich man among peasants. Nevertheless, that will make you more of a target when you're the one handing out coins while people are burning their bills for a fire somewhere to be warm. If you are stashing your Gold/Silver someplace, waiting for the right time to retrieve it as the economy recovers then I think you have all the angles figured out and are probably more prepared than even 90% of the actual "preppers" out there. Nevertheless, you should have a balance of what is valuable to re-transition into our new economy and what will keep you breathing during the SHTF stage. Food, Water, Shelter should be the top priority (in my eyes). Then guns and ammo to keep your supplies- THEN Gold/Silver to recover. It's just my 2 cents, tell me your opinions.