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considerable volatility.
If the gov wants it, or they don't want you to have it, they will take it, whether it is a gold ingot or a shovel.Not a fan of silver and gold but much less a fan of dollars backed by absolutely NOTHING. A believer that the banks at some point will perform a digital robbery, a 'holiday' that they have openly discussed where everyone's saving is 'adjusted.'
The next 9-10 years should prove very challenging. My advice is have something REAL. If something can be taken from you via a keystroke - your savings, IRA, silver (certs), etc - they will be at some point. I would rather have a shovel or a cordless drill than $30 in a bank earning nothing.
Try an experiment NOW. Just go to your bank and ask to withdraw a significant amount of YOUR cash. See what a stink they will raise.
Same here. The gold and silver infrastructure has been broken at the low level. In a EOTWAWKI situation / societal collapse your'e going to give a 140 year old morgan dollar to someone for a loaf of bread? So they can do what with it?9mm. I bought a budget AR, worth about $700, by selling and partial trade of about 1300 rounds of 115gr brass cased FMJ 9mm that was purchased pre-pandemic at .15cpr. I'm not sure what I could possibly do with gold, platinum or silver if trudging through the apocalypse, nor why anyone would want it.
The people hawking metals aren't thinking EOTW. They're thinking Great Depression or maybe even world war or something like the fall of the Roman Empire...where it might be the end of your world as you know it but not the world as we know it...you know, where another civilization/government is doing just fine and those precious metals will be worth something to someone over there.Same here. The gold and silver infrastructure has been broken at the low level. In a EOTWAWKI situation / societal collapse your'e going to give a 140 year old morgan dollar to someone for a loaf of bread? So they can do what with it?
This is very true, HOWEVER, I would much prefer that they'd have to come and take it, find it, then simply use a keystroke. That was the point I was trying to make.If the gov wants it, or they don't want you to have it, they will take it, whether it is a gold ingot or a shovel.
So they can trade it to someone else who wants silver or save it for if/when things get better and silver/gold become valuable again, as it has always been through history.Same here. The gold and silver infrastructure has been broken at the low level. In a EOTWAWKI situation / societal collapse your'e going to give a 140 year old morgan dollar to someone for a loaf of bread? So they can do what with it?
Yep, pm's can buy your way into a country that's doing better than your own.The people hawking metals aren't thinking EOTW. They're thinking Great Depression or maybe even world war or something like the fall of the Roman Empire...where it might be the end of your world as you know it but not the world as we know it...you know, where another civilization/government is doing just fine and those precious metals will be worth something to someone over there.
In a true EOTW, the metals won't be worth a damn thing.
PM's are just another basket to carry wealth. One which has a different risk.So they can trade it to someone else who wants silver or save it for if/when things get better and silver/gold become valuable again, as it has always been through history.
Yep, pm's can buy your way into a country that's doing better than your own.
If you're talking extinction level event then yeah, precious metals or anything else for that matter will have no value. We'll all be dead or soon will be. Anything less than ELE, then at some point down the road silver and gold will be valued again.
I prefer self-sufficient land/shelter with water and trees. If I had thousands of acres like that, guns & ammo, equipment, etc., no debt and millions extra in liquidity, then I might have some PMs, but I am not sure what good it would do me, except maybe to pay for labor, and even then if SHTF I bet that labor would rather have food/water & shelter/security than gold/silver.PM's are just another basket to carry wealth. One which has a different risk.
Also, a basket not worth filling until all of ones other financial baskets are in order...
IMO.