My "problem" with silver recommendations.
topstuf
Posts: 14,803 ✭✭✭✭✭
Sure, I see the same things you do on silver. Heard it in the shop, too.
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts thinks Vladimir Putin saying “the dollar is going to collapse soon” is a flashing warning for the U.S. dollar’s value in the not-so-distant future.......
.....Now, Fitts is saying, “As to investment – I believe gold and silver are likely to have a good year in 2019 and 2020.
Always it's "gold and silver."
And the old "industrial usage" for silver, while accurate, seems pretty iffy in a ...collapse... scenario.
Gold has always been money.
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Gold and silver are the insurance against the dollar's decreasing value...AGE's and ASE's will be the most liquid in times of emergency....Meanwhile, the economy is good...stack them high... Cheers, RickO
Putin who?
An investment advisor citing something Putin says must have very gullible and fearful clients. She probably makes a fortune feediing on their fear.
Knowledge is the enemy of fear
Your Gold & Silver will be of no use in case of an emergency. Talk to the survivors from the Paradise Valley Fire to get an idea. Cash, Food, Water, Shelter and Transportation.
@OPA....And all of those can be purchased with the cash from gold or silver....Cheers, RickO
I think ricko was talking more about an economic collapse or hyperinflation rather than a natural disaster like a fire or earthquake where a gun and ammo would be far more valuable.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Surviving a currency crisis will take different tools than surviving a fire, or a flood, or a hurricane or a toranado or . . .
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
My girls will be much more useful than any gold coin or silver bar in times of a collapse. Of course no harm in hoarding both. Stack on!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
When one plans for disaster/crisis/hard times,...One should have several options....Precious metals are only one option... Chickens, MRE's, firearms, ammunition, generators, fuel, propane, batteries etc., etc., etc.. Last, but not least, skills and knowledge...
Cheers, RickO
As @ricko said don't forget training & knowledge during the boogaloo:
https://archive.org/details/military-manuals?tab=collection
If I know @ricko, he is prepared for all of the above
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Last time I visited @ricko, we had a feast fit for a king
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
@ShadyDave
That's a nice collection of manuals.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
MRE generation 7 I believe (87-89?), number 03 the ole dehydrated beef patty, topped with slag city cheese and granulated ketchup shoved between 2 crackers. Instant cheeseburger and I lived on it for the better part of 7 months. Good times, Semper Fi!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Don’t forget medical stuff. Blood pressure meds, insulin if needed, bandages, antibiotics etc.
There is an article floating around on the web from a man who was in a town of about 10,000 blockaded for a year in the Yugoslav civil war.
Clean water-you need bleach
H2O2 & medical supplies
Ammo
Batteries(accumulators)
BIC lighters in quantity
Whiskey
He said, iirc, that those could be traded for whatever you wanted.
idiots are still fantasizing about putin stealing the election 3 years ago. 37 dollars in facebook ads after the election was already over really paid off.
Watch CNN at the gym they mention Putin every day , global warming , volkswagen emission scandal , american idol its all Putin . He is all over silver and gold too
Makes sense. If that situation ever arises here, people will be shocked at how useless gold and silver are. It can be used as a way to maintain value until a new currency is established. But you aren’t going to be able to use it as money during a crisis. Very little to buy and nobody wants to risk trading something useful for something useless.