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Pillar of the Community
United States
4008 Posts |
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Well, fair is fair, after all... Yeah, I suppose... darn it!  Quote:
True, which is why I'm stacking MREs and lead. Those are good choices that are hard to fault as well. I'm doing quite a bit of that as well. Love those 1000 round AK buys at the local gun shows.  Quote:
Stacking PMs for the EOTWAWKI is just painting a target on your back. No more so than stacking anything else that the unprepared and soon-to-be desperate will want that we have. Besides... do any of us walk around wearing a shirt that reads, "I COLLECT PRECIOUS METALS"? Somehow, I doubt it. Quote:
Stacking PMs for the next Great Depression makes sense. Stacking MREs and lead works in that situation, too. Agreed!  Quote:
Stacking PMs for a global consumer boom makes the most sense. It might. But then, stacking PMs for a possible US dollar or global currency collapse could make a lot of sense too. The debt that has piled up around the world is nothing less than financial toxic waste. How much of this can the world financial system tolerate before it is killed by it? Hard to say but we sure seem to be working hard on moving further in that direction. |
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Pillar of the Community
United States
593 Posts |
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No more so than stacking anything else that the unprepared and soon-to-be desperate will want that we have. Besides... do any of us walk around wearing a shirt that reads, "I COLLECT PRECIOUS METALS"? Somehow, I doubt it. What I meant was that if anyone thinks they can simply stash away a bunch of junk silver and buy everything they need after EOTWAWKI, they are missing an important aspect of EOTWAWKI - no organized law enforcement! It will be the Wild West. Quote:
It might. But then, stacking PMs for a possible US dollar or global currency collapse could make a lot of sense too. The debt that has piled up around the world is nothing less than financial toxic waste. How much of this can the world financial system tolerate before it is killed by it? Hard to say but we sure seem to be working hard on moving further in that direction. A global currency collapse would lead to an economic collapse that would drop demand for PMs. Just because the world was on the gold standard in the 70's you think the gold standard will come back after a global economic meltdown? Interesting theory, but I'm a bit skeptical. |
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Pillar of the Community
United States
2168 Posts |
I think many buy and keep PM for after things settle down but food water and all kinds of protection come first. At least that's my thoughts
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Pillar of the Community
United States
808 Posts |
Well said, angel2004. PMs are just a small part of an overall plan to protect and provide for one's family in uncertain times.
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Pillar of the Community
United States
2168 Posts |
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Pillar of the Community
Australia
7096 Posts |
If you truly believe that the world economy is going to collapse then the most essential things to stockpile would be knowledge and skills. Everything else can be taken from you by force or coercion, Cash, PM"s ,guns, ammo , land and whatever you have can be lost. Knowledge and skills will be with you forever edited just to keep larsdog happy  Edited by trout1105
07/13/2012 10:39 pm
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Pillar of the Community
United States
593 Posts |
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I think many buy and keep PM for after things settle down but food water and all kinds of protection come first. At least that's my thoughts Now THAT is a very rational thought! So in the case of EOTWAWKI, you need enough bullets and MREs to defend yourself/survive until you can establish your position as an owner of PMs. Makes sense, but what makes you think PMs will even be worth anything for at least a generation after EOTWAWKI? I'm not arguing that PMs will become permanently worthless, just that in a globally connected world, a true global economic meltdown will result in PMs becoming worth very little for a generation. |
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Pillar of the Community
United States
593 Posts |
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If you truly believe that the world economy is going to collapse then the most essential things to stockpile would be knowledge and skills. I would hope that we would "stockpile" our knowledge and skills no matter what our outlook is! Quote:
Everything else can be taken from you by force or coercion, Cash, PM"s ,guns, ammo , land and whatever you have can be lost. Knowlage and skills will be with you forever It would have been better if you had written "knowledge and skills" instead of "knowlage and skills", but I get your point. What you are missing, however, is that in an "end of the world" scenario, your knowledge and skills can be extinguished by a bullet to the brain. You have to survive past the immediate apocalypse. Brute force protects basic needs. Basic needs foster population growth. Only then do we have a need for commerce, and I suspect early commerce would be chickens and corn. Gold only becomes useful as a monetary standard when commerce has been so well established that trading chickens for corn becomes cumbersome and there is an establish market for gold elsewhere (jewelery or electronics). |
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Valued Member
United States
425 Posts |
Quote;"What you are missing, however, is that in an "end of the world" scenario, your knowledge and skills can be extinguished by a bullet to the brain. You have to survive past the immediate apocalypse."
What I think you may be missing Lars is that any situation that forces us into a real life version of "Mad Max", is really rare. It is much more likely that in a EOTWAWKI situation we would fall back into how we survived 200 years ago. Must of the survivial folks say that groups of about 35 to 50 or more can thrive with basic tools and food starters,(seeds, chickens, etc.), but most all agree that some form of basic trade value must be set. This means you will not always have two dozen chickens to trade for one milk cow, so most agree that gold and silver would become common trade items from one group to another.
The problem with your "might makes right" concept is that a luck shot from a bow and arrow can still take out the guy with the AK-47!
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Pillar of the Community
Australia
7096 Posts |
This thread is starting to get a little bit weird  Apocalypse, armageddon,mad max or whatever has nothing to do with the OP"s initial question regarding the direction of silver prices and when to buy I myself buy silver of some type every month because I think it is better than money in the bank. I don't think that there will be a total social melt down or a mad max scenario coming. I do however believe that there will be some adjustment in the buying power of the US dollar if the powers that be keep fudging the issues. |
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Valued Member
Australia
145 Posts |
See trout,
It's not just me thats sees a darker future, most people are using your head and are seeing , there can not be a good out come here,and media is putting into peoples heads, which inturn is creating half the "panic" "bull markets" ectt..
Yes there is going to be quite a ajustment, and it will be fast, and most will be in shock not knowing where to turn.
Having knowleage and skills is Everything,and I agree there, but using these 2 powers, one would know that you must have somewhere safe to store these "guns", "Pm's" and other goods and tools of use.
Thats why I have just privatly bought a second remote "hide-out" to store the other half of these good's(plus very good deal, and can make 75% profit on land, if theres no collapase)
People are buying silver for the purpose of trade and barter, the world banks robbed us and failed us, so the people must take a stand and create a new system in order to continue, incase of melt down
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Valued Member
Australia
145 Posts |
Lars,
Gold and silver have worked for at least 4500 years, all modern humans know is Green money, and that gold and silver excists.
Odentheviking: Mate, your know where your at, keep eye's open and up, some weird things are about to go on up there.
Myself, with 4 other families have done this 3-4 years ago, we have most things covered, and know of 8 other groups of 25-35ppl that have done the same,
Ever though of coming to Australia? lol, might have room for 1 more, bring your bow and arrow, as we already have a male that hits bullseye from almost any angle and distance.
Edited by lostsean
07/14/2012 1:04 pm
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Valued Member
United States
425 Posts |
Quote: "Ever though of coming to Australia? lol, might have room for 1 more, bring your bow and arrow, as we already have a male that hits bullseye from almost any angle and distance."
A friend like that is good to have! Thanks for the offer, I just might take you up on it! For my daughters B-day we got her a new compound bow and all the bells and whistles. Slowly I am getting her to shoot wild game targets. Another good skill is to work and keep horses, not to mention other farm animals. I have noticed that many cities in my area now allow folks to keep a few chickens, good for practice,(raising I mean!), and for the eggs. My Grandfather always kept a jar or two of coins buried in the dirt floor of a shed or hen house.
Gold and Silver are important for survival, no matter if it is a SHTF or EOTWAWKI issue. But don't forget the copper! I sure see the value of a softer/workable metal that conducts electricity, I always have some heavy wire around. And think of all the uses of lead! Think about it...... your kids will have an easier time making black powder and molding lead shot than trying to find rounds for a modern rifle.
I have heard that at the Little big horn must of Custers men were killed/wounded by Arrows, hatchets, and spears....... then fiinished off w/war clubs.
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Valued Member
Australia
145 Posts |
I'm the same mate,
I just got my 5 year old daughter into coins/silver, shes quite serious about her collections.
As for the other ,my mate used compound bow ( thats his main skill, hunting, myself I'm average, but concertrait on keeping everything clockwork and rountine, making sure the farm runs in possitives)
Well feel free to e-mail me if your up for a chat,
Where in the usa are you mate?
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Valued Member
Australia
145 Posts |
yeah copper is also cheap enough to be worth while, if not , copper will be the new silver in 2050 lol
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Posted 07/13/2012 8:28 pm
