Bruce writes:
Doc- As a newcomer who has been burnt by every supposed financial advisor I have ever spoken to it gets very confusing.
We all know the markets are rigged. Every article I read or most of them are from outfits like Miles Franklin, Peter Schiff, David Morgan, Eric Sprott, You, etc. All of these folks have skin in the game. They are selling either the metals themselves or info about the metals. How does a person ever figure out that all these folks are not just lining their own pockets on scare tactic news about everything?
I have stacked over 10,000 oz. and have another 50 grand or so to invest. Morgan says stocks in precious metals are the way to go. I am quite sure you will say keep stacking. If all of these people are wrong I am screwed as I have put everything I have in this project. Peter Schiffs interview on Cnbc with that gigglie blonde, Maria was actually laughing at him. Do they know something he doesn’t? A salesman’s line of ‘trust me’ is when you know he is lying. What are your thoughts?
Bruce, sounds like you are putting too much emphasis on what the so called experts say rather than studying the fundamentals and making your own decision. Personally I would recommend taking a step back, evaluating the fundamentals, and making your own decision with your assets. Have any of the fundamentals that saw gold rise from $278 to $1910 or silver from $4 to $49 changed? Did the US government’s public debt of $16 trillion and unfunded liabilities of $100 trillion evaporate last night? Did the $1.26 QUADRILLION in derivatives suddenly vanish? Is the dollar no longer losing it’s reserve currency status daily? Is anyone other than the Fed suddenly buying $40 billion in weekly US debt auctions? Are REAL interest rates now positive? (Eric Sprott discussed the new policy of NEGATIVE official interest rates being the financial system’s death knell in his latest Markets at a Glance newsletter, it’s a must read) Have 99% of the general public piled into the metals?
I don’t see a single fundamental that propelled gold and silver through the first 10 years of their bull markets having changed ONE IOTA!!
You mentioned you’ve stacked over 10,000oz. If you’re talking physical metal in your own possession, I’m not sure I understand how you think you’re screwed if the big names in PM’s are wrong. Silver will always have value, unlike a currency, stock, bond, or almost any other financial asset, it maintains value over time. Personally I strongly believe the evidence supports that gold and silver are still undervalued historically. Silver is still nearly 50% lower than it’s highs in April 2011, meaning it has FAR less risk today than it had 16 months ago. Unlike a small cap miner, physical gold and silver become LESS risky the closer their price gets to zero. A mining company always has some risk of going off the board- gold or silver have absolutely zero chance of ever going to zero.
As far as CBC….yes, CNBC knows something that Peter Schiff doesn’t….they know Fidelty, Ameritrade, and JP Morgan pay them gazillions to pump financial paper, not phyzz. You mentioned everyone has skin in the game…you don’t think CNBC and Bloomberg have skin in the game? Trust me, when the day comes that bullion retailers and mining companies are spending more on advertising than the financial firms, CNBC’s tone will change abruptly.
Regarding your remaining capital, yes, if it was my $50,000, I would continue stacking, but that’s only what I’m doing with my fiat’s. I would rather have a $20 gold coin from 1915 than a $20 bill from 1915, and I am quite positive that one day my grandchildren would rather have a $30 silver eagle from 2012 than $30 in 2012 fed notes.
As you implied, I now have skin in the game as well with SD Bullion. However, I started SD Bullion with the goal of providing SilverDoctors.com with an honest revenue flow that would allow me to support myself with SilverDoctors, quit the day job, and give my full focus and efforts to SD (as well as to provide our readers with a retail source of bullion as close to wholesale prices as possible). We’re slowly making headway, but I’m still working a 40 hr a week day job that pays the bills.
I’ve done my best to not change my message at all since launching SD Bullion. The main focus remains educating investors on the looming debt collapse.
Honestly it sounds like you need to evaluate the fundamentals yourself and determine whether you understand why you invested in silver (I am assuming silver, if you have 10,000 ounces of gold that is quite a stack!) or just went all in expecting to make a mint overnight. Most investors are not able to endure an entire bull market. They get bucked off along the way. The hardest thing to do is to be right and sit tight. Personally I’m so convinced that gold and silver are headed higher long term that I get excited when we have a correction or a sell-off, because I understand my fiat salary just went up temporarily in terms of real money. I lock in my purchasing power while I have the opportunity.
Hope this helps, and best of luck.
-Doc
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CNBC also laughed at Peter prior to the 2008 crash too. They just never learn….Bimbos! Peter will be right again, but who know when.
Bruce I am with Doc in the sentiments he outlines above. I am also ‘all in’ with a stack of silver and gold that constitutes 95% of my net worth Taxable income is modest since I chose not to work so hard that my tax bracket goes back to 50%. Extra cash is set aside in storable commodities or cash. You may notice the prepper guide I wrote. It’s in the ‘Best of’. That is my template for making sure I have what I think is essential for prudent planning outside stacking physical metals which I hold personally. Natural and unnatural disasters seem to be more commonplace now so being prepared is a wise course.
I am out of the paper market entirely and have no counterparty risk ro speak of other than a low rate mortgage.
If I had $50,000 that was not essential to my daily wellbeing I would allocate $10,000 to cash, small and medium sized bills, to buffer against what appears to be an inevitable bank holiday. $10,000 in prepper goods like food, water, medical supplies would easily give you 6 months of stores. Guns, ammunition and firearms training would absorb another $5,000. That leaves $25,000.
If your income stream is sustainable and more than adequate to take care of bills you could buy another $25,000 of silver That’s nearly 1,000 ounces, and set it aside as a war chest. Junk bullion might be a good idea since a full $1,000 bag is about $22,000 or so. I am completely confident that silver will go up from here and do not pay attention to those who report to the contrary. You can sell your silver if needed to bolster your cash position or fill up the bank account. Silver is as good a store of value as anything that you hold in a bank account.
And what would you be thinking if silver went to $100, Mr Millionaire? Aside from having the biggest S*** eating grin you ever had you would be seriously giddy realizing you made the right decision.
I, like you, have made about every mistake there is in investing and listened to about every guru out there telling me what to do with my money. Those decisions did not end well. I got really tired of being on the wrong side of the trade until I found out that the Wall Street casino is rigged and there was an alternative way to secure one’s wealth.
Well said and a valuable advise
Always enjoy your write up/comments , ty
Bruce…When you have significant assets think of putting them in different buckets. Who knows what gov’t will do? Your physical silver bucket is full(Sorry Doc). Acquire gold eagles or saints or libs now. Then move into mining stocks (no leverage).
Bruce, hold your position. Just remember it might be long term (7 years +), it might not. Then just live. If you can’t afford to live, then reduce your holdings and buy a property to live in and get a job, and hold your remaining position.
Doc,
You and AGXIIX I believe have covered the question quite well. Like any investment, a person has to determine the risk compared to the reward. Also, having lost $23,000 in two hours in the stock market back in 1999 (reverse stock split) yuk, I fall into that category also of listening to so-called experts and lost my rear. Fortunately, the loss turned out to be a tax loss that helped at the end of the year. With silver; due diligence is a must, study the fundamentals as both of you have recommended, and then decide what you can stomach in a volatile market.
I agree with the others about holding it for the long term. Just buy physical silver, put it in a box and forget about it. That’s how I made profit in terms of dollars. When all fiat currency will collapse, You won’t be actually focusing on how much you paid for silver, but how much silver do you own. It’ll take me too long on why you should own physical silver so here is a video below that explains it. There should be 48 SBSS videos and the video below is the 1st one.
Bruce, in this forum you’re certain to receive a highly prejudiced viewpoint … we’re ‘silver junkies’, so to speak. The ‘double edged sword’ aspect of that, however, is that you won’t get ANY mush-mouth indecisiveness here. EVERYone’s captivation is prompted by meticulously examined factors that brought them to their compulsion.
From my personal perspective, in college, my major was Social-Psychology (can we say misdirected ‘Austrian’ here?), moving on to machine analytics and repair for NCR, a long stint as an industrial purchasing agent, a stock & bond broker, a business development consultant, finally ‘going Galt’ as an independent mechanic. Through the whole course, since childhood, I’ve always pursued enduring fascinations with Ancient Civilizations, Law, Economics and Monetary theory.
Obviously, all I’ve EVER done is analyze people and things. Over the past 50 years, I’d been quietly formulating a foreboding outlook on the logical conclusion to be expected from the universal banknote scheme that’s ‘served’ as the underlying framework for finance in our economies and about 5 years ago came to recognize that it’s systemically doomed by self-destructive design. While I have my reasons to believe its origins weren’t sinister, with this ensuing collapse as it’s intention, that’s immaterial for present practical purposes. I don’t merely suspect this to be an unfolding collapse, I rather understand it to be a mathematical certainty that it’s immanently upon us!
So, through these past 5 years I’ve been accumulating hard money (at GREAT sacrifice and expense), knowing that its return to prominence is a foregone conclusion since specie and fiat are the only two conceivable monetary schemes ever devised. As others here, I’m also pretty much 100% in PMs, with an overwhelming bulk of silver.
Now, given that you already have an admirable ‘stack’ of silver, yet still have a sizable pile of banknotes to dispense of, I’d humbly suggest you ‘diversify’ into gold and platinum while you selectively add to your silver as ‘irresistible’ deals arise. Without allowing yourself to become too anxious, you should make this a fairly high priority because if the ‘dots’ are coalescing into the ‘picture’ I’m seeing, you haven’t much time left to accomplish this task.
I believe Eric Sprott has most of his personal investments in precious metals.
Don’t get too freaked out by them laughing at Peter Schiff. Look at these videos (entitled “Peter Schiff was right”) to show how they laughed at him before 2008 when everything he said was spot on:
Darn good question and answer!
Bruce, I could be wrong but you sound like you are expecting to make money (profit) from PM investing. That s not the point of investing in PM. The point is to preserve PURCHASING POWER. For the most part, PM’s go up in price because the value of the dollars used to purchase the PM’s goes down. Do you intend to sell your silver at $75? $100?, $200? What would you sell it for? Depreciating Federal Reserve Notes? Why? There is no point in being RICH in dollar terms if the dollar has no value right?
There will come a time when the purchase of PM’s is no longer needed but by then, you will likely be able to use it as collateral for a loan if needed. There is also the distinct possibility that you will in fact become stinking rich off PM’s in this environment. That should not be your goal but if if it happens along the way, consider it a bonus.
I watched an excellent interview with Chris Hedges in which he reasons that FOOD WILL BECOME UNAFFORDABLE for the poor and working class when gasoline reaches $5.00 per gallon. Having PHYSICAL PM’s in your possession will protect you from that situation. You can see the interview here: http://www.theburningplatform.com/?p=39601 It is well worth the 27 minute viewing time!
One more thing. I’ve been a prolific lurker and infrequent poster on Docs site here for almost two years. This was long before Doc started selling PM’s and I can assure you, his message did not change one bit once he started flogging PM’s. His prices are excellent and I would purchase from him myself if I did not have two local shops that beat his prices. His prices are extremely competitive if not better than just about any online retailer.
Stop thinking of your PM purchases in terms of dollar value. The value of the dollar IS going away.
I_S
o.m.g., my thoughts exactly. i have no trust left. i only know one thing, what the real experts say, we all know who they are….Sinclair, Sprott, etc. my reading and research tells me that in the future we will be counting our wealth in ounces, not dollars. my older age has confirmed what my reading and research tell me…that governments and central banks are for looting the people. we are going backwards in time, to a time when people walked around with gold and silver in their pockets . those who saved a lifetime in paper money in a bank account will be destroyed. these central bankers and politicians will be hunted down by the people. it is gonna be so damn bad, i urge everyone to build a bunker, do midnight gardening and get a gun. never allow anyone, especially a government, to steal what you worked so hard to earn.
I agree! I also have lost my trust into government and now I don’t care if someone breaks the law like for example, someone consuming illegal drugs. Last week when I was walking outside, a cop waved “Hi” to me and I simply ignored him. Saying “Hi” to the government’s “bodyguards” which are the cops is like if you telling “Hi” to a Nazi. Cops aren’t here to protect people anymore, their duty today is to be the government’s bodyguard and suppress we the people. We sure are going backward in time. It’s like the second fall of the Roman Empire but this time, people’s wealth will be more affected than during the fall of Rome. Talk about people’s lifetime savings in fiat currency, I wonder what will happen to old people when all currencies will be destroyed since most young people leave their parents when they grow up.
I echo the sentiments of Lynnybee and others Be careful with your phyzz whether in the form of silver, gold, platinum or other PMs. Transporting same could be tricky if there are rolling stops, warrantless searches or backscatter Xray vans lurking around the corner. If you plan to convert small amount of PM to currency for living needs carry only what you need, well hidden in your vehicle, and thoroughly hide the rest of your stack elsewhere. If stopped by law enforcement for any reason do not allow them to search your vehicle. Do not exit your vehicle unless so ordered. Do not say anything about what you have in your vehicle.
Currency and precious metal controls are being vigorously enforced in Greece, Argentina and Italy. Trying to leave the country with anything of value is a felony level crime. Internal passport controls such as state to state or even town to town are becoming more commonplace in this country and other countries. If you find yourself a bit strapped or we have some serious currency controls there are 3 barter sites that have been recommnded. Craiglist, Barterquest and The Barter Company offer P2P services. Be careful and safe.
AGXIIK, as I know we share an affinity for the same bank, I would additionally commend Bruce to discover it as well, that is … The Bank of Mother Earth!
Nearly unlimited space in the vault and even other ‘depositors’ are hardly likely to ‘trip over’ your precious little piles when fastidiously separated into neat little parcels well distanced from each other.
Bruce, I forgot to mention that you can safely hold an amount up the amount of all fixed rate debt you have in cash. It will still be accepted as payment for student loans, equity lines of credit property taxes and mortgages. Also if a bank holiday is declared, your local economy will be very short of cash especially in small denominations. You might be forced to buy more at a store if they cannot make change for 100′s & 50′s. Keep in mind that your debit/credit/ATM cards will probably not work during a bank holiday. If you hold cash at home I would keep it in smaller denominations of $20 and less. Remember to keep it in multiple, fire proof locations.
I_S
Hello Bruce, Doc and All Members,
This is my first post as I registered a few minutes ago. I want to say I have thoroughly enjoyed lurking and reading all the information and especially some of the wonderful and sometimes extremely funny posts. I’m looking forward to future discussions with all of you.
Bruce, I found myself in a similar situation and just realized the numbers pumped out by the Mass Media and others were not making any sense. Why was I losing money in my 401K while the rest of the world seemed to be making millions. I really became frustrated and decided I was going to get to the bottom of this massive bad joke that was always played on me. Having terrible options in a 401K doesn’t help much either.
Long story short — I did my own research, which I should have done earnestly several years earlier and was shocked at what I found out. When I looked at wage growth, housing prices, stock prices, HFT – High Frequency Trading, commodity prices and anything else I could find, I finally came to the conclusion that the whole system was rigged against the individual investor. I paid for what I thought was a good education and had to admit that I was taught nothing except how to make brokers and politicians rich. The entire educational system is propaganda from kindergarten to whatever level you want to go essentially in the business area. History also doesn’t tell us the true story. I was devastated as everything I believed in was now a lie based on my own, independent, multiple source, both sides of the story, research. While I was working hard and long hours, trusting that people I helped put in office were out there looking after the best interests of the people and me, I was being taken for the most terrible ride of my life. I will never, ever, forget that!
The Doc and others have given you sound advice. Look at the numbers for the areas I mentioned above and any others you can think of and you may not like what you find. I can assure you that you must seek the truth if you are going to find it. I read this site for a few months before deciding to register and post to make sure an honest message was consistently being delivered. The information on this site is spot on and if you doubt that run all the numbers yourself to make sure. I haven’t met any of the folks on this site but from the articles and posts I have read, they speak truthfully.
Hang in there Bruce because you are sitting on an extremely solid foundation and have nothing but upside from here on out. You will be smiling big time in the not so distant future.
And thanks to everyone for such interesting, up-to-date, life saving information. May all your futures be as bright as those pretty Silver and Gold coins and bullion.
Sincerely,
allinagau
Allinagau_ Thanks for the post.I was with Edward Jones before the crash and I went to the broker when the market was a 14000 DOW and told him that this was a perfect storm and I wanted to put my money in silver and gold. Gold at that time was at $600 or so. I let him talk me out of it. What a fool I was. He actually screamed at me and said if I did that I was a fool and he was the genous. I finally had had enough when the dow hit 11000 and pulled out. Then I put my faith in a couple other experts with similar results. Its now tme to rebuild life my way. Win or lose its all on me. I like that.
@allinagau That’s true! When I was first in kindergarten, the first lie that I’ve ever learn and that everyone has learn is that fiat currencies are money. They don’t teach you at school about my rights, to create my own products, to create my own successful business and about the value of today’s currency. But not the entire education system is propaganda, there is still a tiny fragment of it where it’s not corrupted. My story below will explain why.
Last year, I had an history teacher who told everyone in my class to buy gold and when I asked him if He thinks that gold is money, He said yes it is. He showed us on the board all the crisis that happened in the past 100 years and told us that crisis are getting more and more common as we move on today (one more reason why you should own physical gold and silver). He explained us about the gold standard and I remember one time where He asked me personally IF I KNEW THAT DOLLAR BILLS ARE CREATED OUT OF THIN AIR but I told him that I already knew that!!!! He gave us a few lessons about economics and I did ask him a few questions about this subject. He knew what I knew, I knew what He knew. The best part of it is that everything that He explained to us about economics wasn’t even part of the school program so He wasn’t forced to teach us that stuff. I wish He was still my teacher but in 1-2 years, I can have him back if I choose history class and I sure will!
@Allinagau I have been a long time lurker here but along with zerohedge it is my favorite stop on the internet. This is my fist post on SD and felt moved by your post to reply because it so closely mirrored how I think and feel. I am pretty young, around 30, and only have started with the life stuff such as marriage, kids, mortgage, business, investing etc..
My wife and I have been pretty aware of the world around us and have as of this year gotten out of a good amount of credit card and student loan debt using the snowball method. We paid off our cars, almost paid off our office building and have halved our home mortgage. We had a long discussion around a year ago and we agreed 100% we wanted the hell out of this debt paradigm.
What I wanted to say besides sharing my story was really a general thank you to the DOC and other users like AGX and yourself for really giving me the clarity of mind to do my own research and put my life and investing back into my own hands. As someone said earlier, I like the idea of making my own way… I no longer trust the “authorities” of this paradigm. My view is let them burn. We will rebuild, the young people are on fire with this right now. I don’t know the ages of everyone here but be assured the younger generation is not completely lost to PSP’s and Apple products. Freedom is again indeed popular and people I knew in college 10 years ago as completely bought in sheep are calling me up WIDE AWAKE!
I recently woke my father up to the ways of the debt paradigm and we have started going 50/50 on food, water, land, farming, guns, ammo and a sizeable stack.
Sorry for any grammar errors and/or general ranting.
It’s just exciting to know you are living in times that will be spoken of for centuries.
I want to thank everyone especially pforth with his peter schiff artciles. They laughed at him then and their laughing at him now. Unreal. Doc is right of course, I must make my own decisions and I have. But it would be nice to be able to believe someone. My wife and I do have a 6 month supply of food, guns and bulliits and a dog who is no one to mess with. We do have cash. All other suggestions are appreciated.I guess we all just do our best. I have 2 of my kids stacking now which is good. Whats your best guess of how far out the comming mess is. Good luck to all and may GOD BLESS. BRUCE
Bruce asked: “Whats your best guess of how far out the comming mess is.”
That depends on how specific you want to get but the truth is, TPTB will want to perpetuate this crap as long as possible. Even a broken, barely functioning system still puts money in their pockets. I thought it would all crash in a year or two back in 2007. I give it less than five years for the next big crash to occur. It will be 20-30 years (starting from 2007) before a real and lasting recovery sets in.
I_S
Allinagau catchy name are you all in with your 401K there is hope in that. thanks for a solid powerful post that’s a first time message. stay tuned. things will get really interesting.
AGXIIK at least reading all those books and doing some research taught me how to think a little. there are no other options left unless I go to Vegas and I have given them enough money already just like the market. so All In is the only way to go at this point.
I guess at this time all one can do is prepare for the worst and from the article earlier it looks like the games have started. All we need is a good sheriff like Matt Dillon, everyone packing their pea shooter and buying some warm beer/whiskey with an 1878 Morgan Dollar and I’ll be right at home. Always wanted to be a cowboy when I was a kid and it looks like things are setting up for an interesting game of high stakes poker.
I will stay tuned and very much agree that things are going to be real interesting.
@Sumkid Glad you found an honest educator because they are few and far between. Always ask why and when someone can’t give you a good answer you know they are full of it. When you want to learn about something start with people you know are intelligent and then do your own homework. In the end it’s your skin in the game. You will do well and off to a good start. Take care.
@Bruce That broker will be coming to you for a loan in the not to distant future. He deserves a high rate of interest and a knuckle dragger to show up when he can’t pay. You are sitting pretty. Nothing to fear but fear itself. Open your own bank when the dust settles. Take care.
….am really appreciating this site. I’ve become a silver stacker beginning late June, after doing my research. I bought some gold a few years back, but silver was never on my radar. My kickoff for waking up was OWS, which lit a fuse under me. I’ve progressed beyond the educational phase and am taking action by buying PM, and prepping for the upcoming financial collapse. I’m 58, having had a full life as a successful entrepreneur. I’m smart enough to be able to read the signs, but it took me a lot of time on the Net to put it all together. Most of my friends and family aren’t able or aren’t willing to deconstruct their realities to understand the threat to their coveted lifestyles. I’ve done my best to alert them, so now their karma is theirs. I will help as I can in the future, but I won’t be faulting myself for not having tried to help.
This is an amazing time to be alive. We are soon to witness one of the most stunning and cathartic events in human history. Many of us have been doing a lot of internal work to help bring this about. Now that I have a little more security with my stacking and my prepping, I say “Bring It On!”
Hapa I also tried to inform my well educated friends on the pending collapse and they think everything will be OK. People have no clue what we are in for. My dad and sister probably think I’m off my rocker. All you can do is try and tell someone. Whether they listen is up to them. My conscience is clear and I basically don’t say much so I don’t draw any unnecessary attention to myself. It is dangerous enough out there. You will have a chance to be charitable when the SHTF and that is all we can do. Take care.
Stacking physical gold and silver is an excellent idea. This is an investment in the future, and inflation hedge, and a way to preserve the buying power of the money that you have. That said, I favor a balanced approach wherein assets of various kinds are held. Because of this, I own stocks in solid companies that pay dividends, mutual funds and ETFs with solid performance histories, AND silver bullion. No gold yet but maybe on the next price pull-back. Diversification is one of two “free lunches” that the small investor ever gets. Making use of it has worked well for me.
Docs advice for you to learn the fundamentals of investing is superb. Everyone should have a good understanding of how to handle money, nurture it, make it grow, and make it work for you. If you do a sufficiently good job of this, your money can work so that you don’t have to. The freedom that this brings is one of life’s true luxuries. Just remember that nobody cares as much about your money as you do. Personal financial management is not quantum mechanics… or even mere rocket science. You can do it if you are willing to spend some time reading up on it. I can personally guarantee that this will be the best investment you can make in yourself. It sure was for me.
“I don’t see a single fundamental that propelled gold and silver through the first 10 years of their bull markets having changed ONE IOTA!!”
Sorry Doc but I gotta differ with this. IMHO all of the fundamentals you mention HAVE changed. They have gotten worse! In some cases, a LOT worse. :-(
In spite of this, I still have some paper investments because I believe in this country. It is amazingly strong and able to withstand a huge number of severe problems. If we think about American history and the fact that we survived: the American Revolution; the War of 1812; the soul stain of slavery; The American Civil War; numerous financial panics; the Spanish-American War; World War I; the Swine Flu epidemic of 1918-19; the Great Depression; World War II; The Korean War; the Vietnam War; the social upheaval of the 1960s; a 21% prime interest rate in the early 1980s; rising oil and gas prices; the Middle Eastern Wars; a housing and banking crash; a deep recession (some say depression); numerous natural disasters; and now, The Obama Regime. It is very easy to get bogged down in despair but our history shows us to be a nation of tough and adaptable people. We WILL persevere and we will solve the majority of our current problems. Never give in and never give up!
Thanks ‘all in silver and gold’. On another topic, I agree with Indentured Servant earlier in this thread that silver is not a play for pure profit. If you think that you’re going to trade in your PM for quickly depreciating fiat paper, that is disregarding the real strength of this financial investment. You’re only going to trade silver for fiat paper if you need to pay immediate bills (if someone still wants paper or phantom digits!). I’ll use my silver either as a currency, or to trade it for other new more negotiable monies once the new non-fiat currency is in place and has stabilized. However, any new non-fiat monies will always be alongside silver and gold, so maybe there will be no need for anything other than PM! Maybe if silver coin becomes highly valued, we will need paper money only for the fractions that we now think of as dimes, quarters, and single dollars!!!
I live in Hawaii, which is not quite 3rd world, but which will economically devolve into it when a fallback happens. I am seriously stacking dimes and quarters in the event that it all goes down. I try to shop at the farmer’s markets as much as I can, and I envision in a collapse that lots of small farmers will be showing up and looking for anything of small, portable value to exchange for their food. Having small sliver coins on hand will not only be helpful, but will be a welcome lubrication for the local economy. You can be of great service now by stacking dimes and feeding them into the economy later. This doesn’t get talked about much in these silver blog forums, but I think it is worth noting.
If a dime is now worth around $3.00, and later will be worth much more, what are we going to use for fractions of silver dimes?
Anybody for copper slugs? Sure would be nicer to have them stamped in a pretty way, though. Anybody know a good source?
As long as I seem to be asking for advice here is one more for you. I live in a city and we have had breakins in our neighborhood lately. Got any great ideas where to hide alot of stacked stuff. Ihave put bars on the windows, and I have a good dog but I cant be here all the time. We are probably talking about 650 lbs of this stuff. Help thanks Bruce
keep a safe in your house and keep your change in there, put the silver in the attic.
if i had 50k i’d try to flip some land, go out and buy a good cheap plot, and grow some crops on it. go buy a plot of land, a conex shipping container, and some toys to improve the land. have a well dug. if you don’t have 1,000+lbs. of dry food and a good water filter you must have those. If you don’t have guns, you’ll definitely want to get some of those. you might consider oil futures as well, just cuz if the iran situation heats up, oil could double pretty quick i’m thinkin’. wouldn’t be bad to look into an inflation proof hobby that will make you some money, like gold prospecting. idk but i’m envious of the stack.
Hapa Aloha from across the pond. I love Hawaii and the Hawaiian people. Brother IZ songs speak to me. He’s easily one of my favorite singers. Maybe I was a Hawaiian in another life.
Thinking about the issue of having the right coins and denominations got me to buy some of Doc’s junk bullion, or as I call it Senior Silver. If you’re in your late 50′s, you and the pre 1964 coins both have silver –hair or coins. It’s all the same. Dimes and quarters are first rate for trading and buying.
I like nickels for the really small change. That coin’s metal content is about the same as the coin itself so buy a few thousand nickels. A Benjamin will get you 2,000 nickels Nickels are heavy but $200 worth will always retain its value. If PMs ramp in price, base metals will probably do the same thing; commodities being what they are.
Bruce, your problem is real, very present and critical to solve. Several months ago Doc had a thread running for a week or so that addressed where to put large amounts of valuable phyzz. My avatar guards AGXKOZ so finding a hidey hole is important. I’ve struggled with these questions for a few years and, no, I can’t guard my phyzz 24/7
. I’m even getting the willies about having in this country but that’s a conversation for another time.
Hiding it in plain site is a possibility. Conceal some in a piece of furniture like a sofa, under the seat fabric. Build a false wall in a closet and you can stack 6 feet high. Be sure of floor loadings and put your silver in metal ammo cans. A 50 cal ammo can easily holds 720 ounces in plastic tubes and safeguards against fire damage. Silver might melt in a fire but a good steel ammo can contain the melted silver. Ammo cans are available on line at Cheaperthandirt.com or Sportsmansguide.com. When they have specials you can get a dozen for $200
A floor safe under the carpet or a well concealed hole in your garage floor, covered by something really heavy would help sequester additional silver. A large and very ‘hard target’ safe could be helpful but it is an attractive target that could be defeated with enough time. Since most people stack silver for months if not years, accessibility should not be an issue. The harder it is for you to get to, the harder it is for the bad guys.
I keep a small throwaway letter box safe with some unimportant papers and a few dozen silver rounds that will get the attention of the typical thief. It has some heft and rattles nicely. That’s like a dinner gong to a crook. They want to get in and out quickly with some SWAG. A quick snatch will satisfy them and distract them from the deeply embedded goodies. Just be aware that you might be hit twice so get good insurance to replace your stuff.
OPSEC is so critical that I won’t even mention it on the web. My Prepper guide might give you some notions about that and lead futures that are important part of the family safety.
Home Invasions are a risk and a topic for another conversation and may or may not involve your phyzz. You have enough silver to afford a good burglar system that slaves to your smart phone, email or any other phone. The cops may not be far but expect 20-30 minute response if your city still has police force that will come to your aid in a break in. I am a volunteer with the local LEO so I listen carefully when cops talk shop. They are not there to protect you, save your family or your stuff. They clean up the mess and write reports. Their guns are to protect them–NOT YOU!
Storing PMs in allocated accounts is a recipe for institutionalized theft. Safe deposit boxes just make it convenient for TPTB to find your stuff when you’re not looking.
That’s all for now.
@allinagau Thank you! I hope that He’s still there at my school as a teacher for the next 3 years so that this way I can chose him as my teacher.
I really find all the guns and ammo talk a bit off. What is with this attitude? For all the good reasons you are in silver, then you pack weapons? As bad as fiat money and QE are…the wild west gungho mentality is not wise.
I’m from Tx so I grew up with guns… Its just like owning a baseball glove. But aside from that my reasoning is as follows:
Large amount of physical wealth stored outside banks = protection.
If crap hits the fan and people will rob or kill their mother for food = protection
One of the best bartering items in previous real collapses = ammo and guns
But if collapse or kick the can happens either way weapons don’t depreciate value so protection also = protection of purchasing power
I don’t wanna have to fight another human… but that goes without saying that they are the ones being the aggressor as usual.
@Black Swan Silver it’s interesting you didn’t associate “attitude” with the above comment about digging a well. That was definitely part of the wild west. Perhaps instead of hijacking the thread it’s best we just stay on topic and save gun bashing for another website or maybe you could even start a forum topic.
@Black Swan Silver
As a survivor of a home invasion it makes life changing thoughts trusting the people and the society that we live in. We lived in a area where the police HQ was 2 miles away. Even that didn’t protect us. Since then we plan and prepare as if the world is against us. The police are not there for your protection but to try to keep order in the town you live in and to notify your next of kin
If you don’t like guns, that’s your choice. But I pray people around you never put the two things you are doing together….. You don’t like guns and you stack PM’s. Have you ever heard the saying ” When you only have seconds to live, the police are only minutes away”
Gold & Silver feeds your family
Brass & Lead protects your family
Black Swan Silver. I’ll approach your concerns and comments with the understanding that guns and ammo are probably the most controversial of subjects in this country. Owning a firearm is intensely personal.
My take on owning firearms comes from the certain knowledge that the Second Amendment protects all the other rights. That Amendment’s position in the Bill of Rights is no accident, placed immediately after the freedom of speech. We protect our private property, our families, communities and beliefs. Our founding fathers spoke to this many times and fought the revolution against a regime that sought to disarm the colonials.
IMO Our government is going rogue in ways that we have not seen in a century or more. The rogueishness is becoming increasingly worrisome to the general citizenry. When a government starts talking about its citizens as if they were stupid sheeple, we take notice. I see the population as divided into 3 categories. Sheep, Wolves and Sheepdogs. Wolves attack the Sheep. Sheepdogs protect the sheep.. I am a sheepdog and fully prepared to fulfill that role.
Weapons are a small component of stacking and prepping. They represent a relatively low cost one for stackers if you select a few firearms that would cost about $1,200 in total plus ammo for same. One Gold Eagle would equip you quite well.
As a firearm owner I do not recommend or advocate violence. I talk a good game about what we do if TSHTF but now is a time that we maintain a basic vigilance, keeping ourselves aware of the changing circumstances around us. Having a few like minded people in your Band of Brothers who will watch your back is also part of the community of awareness. Check my Prepper guide to see if any of my comments resonate with you
I am a pretty peaceful person overall. My wife keeps me on a short leash fortunately. I’ve run a business for 20 years. That requires a certain amount of equanimity and patience. I advocate non-violence since going to war with a government that might mean me harm assures my destruction. You can’t beat City Hall if it possessed armored cars, MRAPS and automatic weapons. I subscribe more to the Ron White way of dealing with a fight. If you don’t know how many they are going to bring to the fight, at least know this. They will bring enough.That’s a really good piece of information to have.
Sometimes discretion is better and valor.
But also I know that without the means to protect ourselves we would be soon run over by those in the mean streets or a government who seek to control us. Think prewar Germany and the Jews. Disarmed by their government they died nearly defenseless.
Our government knows they are very much outgunned and like the cowards they are, they pick on vulnerable people at the periphery of society, such as Brandon Raub and other Disappearados.
The English and Australians disarmed voluntarily and regret it to this day They are defenseless against criminals and louts who run in the streets. An overarching nanny state government has run wild over the English countryside and the people are powerless to prevent it. We are not so easily cowed and TPTB know it. That’s why firearms are a common meme in many blogs sites and posts. Eternal vigilance is the price of freedom. We hope for the best but prepare for the worst.
If I may offer a suggestion. Take the idea of guns and ammo and isolate your thinking on that subject. See what comes up. You can make decisions from there.
Stacking and guns are two very separate matters but taken together they do present some compelling reasons for blending the two issues into one form of thinking and forum for discussion.
I’m from Australia. Western Australia (where the Perth Mint operates and also where you find Black Swans). I did start a thread expressing my discomfort with the SD t-shirts that have guns on them. Didn’t get a comment! Sorry for hijacking the thread. Despite all the reasons you give I think it is way over the top to be talking weapons. I think silver will go up and I will be able to sell it. I do not expect people will steal it from me. I am glad we have tight gun laws in Australia. I certainly don’t like enshrining ‘the right to bear arms’ in any constitution – a caring community shouldn’t need this. ‘Each man for himself’ is the basis of all that is wrong in the financial world.
I suppose I am just naive.
I too grew up with guns. Shooting and re-loading are a recreational activity for me. I sincerely hope that I’m never in a position where I’m forced to shoot another human but I look at it this way……..I’d rather have a gun and not need it, than need a gun and not have it. It simply gives me an option.
I_S
40oz – didn’t read the well story – will look for it
Bruce: You have a sizable stack already but, have you stacked other things such as food water or water purification devices… Since you seem to be preparing, “no, you are prepared” for financial trouble, why not prepare for all the other things that usually come with financial trouble, if you haven’t already? 50,000 federal reserve notes can still buy a lot of really needful things!
@Orion Glad you also decided to post. I think it is important to be able to share our views with like-minded folks as 99% of society just doesn’t get it and frankly never will. I’m 55 so I am pleased you get it as does my one son who is your age. He is also in the reserves after serving as a combat medic in Iraq. He also wonders if the elected officials and big gov’t remember that the Constitution and the people give them the power to protect us and not be the police of the world or especially this country. I was an army officer and my living dad is a WWII vet. We understand how easily violence can get out of hand and the need to defend your property is most likely necessary but rest assured that bad guys will always be heavily armed and it disgusts me that it is coming to this because we served so this would never happen. Needless to say the facts scared the hell out of me but forced me to face reality head on. Of course these are deeply personal decisions each person must make.
I was unable to wake up my “well educated” friends to what is really going on. Their heads are buried deep (like mine was) and they don’t want to even think of where things are headed. I have tried their approach and the brokers and stock market defeated me. Frankly I don’t trust any of them now and that is a shame but reality. So I am very pleased you and many like you have arisen from the “slumber of all is OK and we will take care of you”. We all must be and continue to be WIDE AWAKE as you stated. I also enjoy reading the same sites Doc reads and it is good to have multiple sources of information. I even read the Mass Media just to understand how they continue to think. Always need to hear both sides of all stories to make sound decisions. Take care and I look forward to many more discussions. May God help us take the right course of action in these troubled times. Take care and it’s a pleasure meeting you and the others on this site. Love the discussions and solid information for dealing with the coming attractions.
Bruce and Doc
Plot GDXJ(Juniors) against $SILVER or $GOLD on stockcharts and it should be obvious where you should be putting your money now.
@Black Swan Silver,
To me it is utterly foolish to imply that gun ownership is somehow gungho. It is offensive to anyone who has ever had to use one for self defense. Austrailia would be a speed bump, if China decided they wanted to invade. Not too long ago the U.S. announced they were sending marines to be stationed there. So in essence, my tax dollars go to pay so that your gov’t can deny you the basic human right of self defense. I think we should withdraw all U.S. forces back home, especially if they’re stationed in countries where the population are a bunch of pacifist lemmings, waiting to be steam-rolled by the first criminal who comes along with a gun. Why do silver and guns have anything to do with each other? Because, the reason silver is undervalued, is that there are no commodity backed currencies of anykind in the world today, so the paper bubble is going to implode and cause massive civil unrest.
China will not invade. I am more than happy for the US troops to withdraw. They are not there to ‘defend’ Australia though that is the rhetoric – they are there as an aggressor. Our new leader Julia Gillard vowed not to introduce a ‘carbon’ tax and then once in office did a complete turn around. Wikileaks information shows that the US were behind propaganda slurs against our previous PM that led to his sacking in office by his own party. So now carbon has a ‘price’. How long until it is listed on COMEX? Then what will be the new standard? I don’t think we will ever see a return to a PM standard.
Seems to me that Australia is the testing site for carbon pricing and a move towards something akin to what is described in this article: http://www.nexusmagazine.com/index.php?option=com_docman&task=cat_view&gid=31&Itemid=71
Precious metals will always have a value and are, as oft repeated here, a store of wealth. But I don’t see them ever being currency. I think it is counter productive that so many here talk about preparing themselves for chaos – that there will be hungry homeless people coming at you to steal your PM and you need a gun to defend yourself – such wild west cowboy twitty rubbish. Storing a cache of food for you and your family – such a narrow and selfish approach. Shame on you all.
There are good people in the world and they are working at developing cheap nutritious food. There is anough room on this planet for billions more people – it just needs better management.
I wrote the above this morning. Now this has come through with the evening news: http://bigpondnews.com/articles/TopStories/2012/08/28/Govt_to_link_with_EU_for_carbon_pricing_788775.html?cid=ZBP_NEWS_L_L1-1_GovttolinkwithEUforcarbonpricing_RSS_280812
The article starts…
The Government has announced it will not proceed with a carbon floor price but instead will link with the EU for carbon pricing from 2015.
Climate Change Minister Greg Combet said under the linking of the Australian and European systems the government’s planned floor price of $15 per tonne ‘won’t be implemented’.
Now in all honesty I do not understand this. I do not think that the politicians understand this either. But I get a whiff of something a bit off….
I would really be grateful for an explanation of this in layman’s terms…
@blackswansilver – If you really believe government is out to help the world or that the UN cares about humanity then I have a bridge to sell you. Also, you are one of the first Australians I have ever heard say they were actually glad they gave up their guns. Most have lamented that and have pleaded with americans to never disarm, because the day america is disarmed this one world government is going to squash us into a totalitarian crony ruled serfdom. You may think I am crazy but it seems to me you don’t have a strong grasp for what is going on right now…
Our DHS is arming itself to the teeth and labeling constitutionalists, gun owners, freedom lovers and food hoarders as terrorists. We have lost almost every single one of our bill of rights, our veterans are disappearing, their is a mass media campaign to demonize most types that are on this very website. Please know the hour is late and please try to understand how close we are getting to midnight and martial law if the economy comes down. Just look at all the Executive orders Bush and Obama have had over the last 10 years and tell me they aren’t preparing for it.
Black Swan A couple of thoughts on carbon credits and taxes. IMO they are nothing more than a means to extract more money from the ordinary people. All taxes fall on the backs of the people. The carbon tax boondoggle in the US was nothing more than a scam to try to control more of the energy sector, punishing some industries and rewarding others. Al Gore was a chief offender in this scam and planned to create a carbon tax investment firm to skim mage bucks off these taxes. His is a pig and fortunately most of this scam was voted down. It is also another NWO UN sponsored mechanism to transfer wealth from the first world to the worst of the third world. If you want to know who benefits from carbon taxes observe who controls it, which governments get the most benefits and which industry is being trashed by these extortionate taxes and which indsutries are favored through political connections. Our president is systematically destroyed the coal industry and anything closely related to in which currying favor with those coal and energy companies in other countries controlled by his cronies like Soros or those who contribute the most to his campaigns. Read Red Chinese contributors.
On a more important subject, do you read Zero Hedge and other commentator sites? There is alot of chatter on the web about China in a near shutdown mode for imports of metals, coal and industrial machinery. Australia would appear to be one of those hardest hit with the Chinese hard landing. Home prices appear to be in bubble phase and pucblic debt also is hitting some new highest along with a weakening Aussie dollar Those news stories are popping up alot in the blogosphere. what is your take on that
When China is discussed I don’t think we are hearing anywhere close to what is actually going on. The communist powers will never admit how bad things are. If you hear bad news a multiple of 10 is probably closer to reality. When 1.6 Billion people are in deep trouble the rest of the entire world is going to feel the impact. Those with the closest trading relations to China will clearly suffer the most.
I’m concerned about those biblical proportion comments because that is serious suffering. We all know that money will either bring out the best or worse in people. Unfortunately the worse seems to happen the majority of the time. We are in for a history making ride that will hopefully be taught correctly 100 years from now, unlike the versions taught to us older folks in which the system pumped us full of their version. Take care.
Orion – I don’t believe the government is out to help the world at all etc! AGXIIK – I agree entirely that carbon credits are a means to extract more money from the ordinary people. The Nexus magazine article I tried to link is entitled “Technocracy, Carbon Currency and Smart Grids”. This is where I see the whole climate change argument going, with Australia the testing ground (we are now really, like Israel, just the long arm of America), and carbon the new commodity that will somehow balance the trade deficits – it is all just a balance sheet exercise … is it not? Smoke and mirrors.
This has to be spoken about because financial markets are complex and the average person doesn’t understand them – nor should the average person be expected to understand them they are really boring and so soul destroying. But you need to have at least an INKLING. else the powers that be will just suck the life out of this world – not unlike any of the futuristic movies and games that,are pumped out for the younger generation. The walking wounded from war are heroes – the more bits broken the greater the hero worship and gosh I can see a whole new market for super hero parts. The paralymics will be the big one, not the regular Olympics.
Al Gore is as you say a total pig. Thank goodness the scheme was voted down. It is do-able – that things can be voted down. The people just need to know what they are voting for and the emotive climate change argument is the most hooky twisty clamp on a human’s conscience – how can you say NO (especially when neither you nor the politicians know what the hell is really happening).
All we have from the climate change argument (in Australia) is the go ahead for uranium mining ( it was banned until a couple of years ago but is now allowed as it is ‘clean’ so that is all good for the climate – don’t worry about deformities from the radiation – heck you could probably go to the paralympics you lucky thing) and carbon credits. The honest way to tidy up the planet is to cut emissions and save the forests.
Let me just apologise to any disabled person – no offense was meant by my paralymic comments. I was just painting a scenario.
Have to make lunches and do the school run – have more to say on gun control etc.
Orion – you do make a point. I don’t know anyone in Australia who was complaining about the tightening of gun control regulations after the Martin Bryant mass killings in Tasmania. I do however believe that Bryant was the subject of mind control techniques and that it was a set-up to disarm an already pretty unarmed public. Similarly I read the article on this site re James Holmes and the Aurora killings; his father was about to whistleblow on the LIBOR scandal. So I am not ignorant in these matters – nor in the loss of freedoms you have experienced in the US.
I believe the key is education and it can only come through sites like this. But when you greet members with a ‘Howdy’ (wtf) and print t-shirts linking guns and silver ownership, you lose credibility.
China – ever read ‘Made in China”? Hilarious really how they are so bloody greedy and unethical in their manufacturing practices. But the next generation of Chinese are single children, no brothers and sisters, with often absent fathers and the majority of the rich ones are spoilt brats. They have no interest in the outside world, they are totalling hooked up to their gadgets and we need not worry about a threat of invasion. They might buy a lot of our land. They might come and stay. This is happening all over the world. About a third of the chinese kids are really lovely. Hopefully they will be the future leaders.
@BlackSwanSilver – I think we are coming from the same place but have a differing view on the importance of gun ownership. I can only guess it might be cultural… As Americans we take our 2nd amendment very seriously, because we know the reason it was put into our bill of rights. 2nd only behind freedom of speech mind you. Also being from Texas we are culturally a very proud land owning and gun owning state. You may think us backward gun nuts, but I assure you, we are normal every day people that only want to exercise our natural or god given rights.
There have been multiple studies and real life instances of when you take guns away from honest citizens the criminals still have easy access. If you think the government can stop a black market of illegal guns then ask yourself how that exact type of war on illegal drugs is going…
I would argue completely that there wouldn’t be much of a chance of stopping world government if it wasn’t at the very least possible that an armed revolution could take place by the American people. It’s a checks and balances type system….
“But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security.” – Thomas Jefferson, Declaration of Independence, 1776
But at the end of the day I’m there with you on investing in silver and not trusting a fiat system. We can differ on the other issues but always have civilized discourse.
I have another issue with the way Americans talk about their ‘god given’ right. I don’t recall that god gave the right to anyone to arm themselves with a gun.
I also do not think god is a man. (Nor do I think god is a woman.)
Yes I am with you on investing in silver.
I have no idea where the world will be in 10 years time but I do hope that no-one here needs to protect their stack and family from some hapless thieves. I can only imagine at worse that your silver could be taken by the government and when the tanks roll in your rifle will not do much.
Are there any black people on this site? Seems all white to me.
It’s starting to feel like you would rather categorize myself as crazy, or misguided, so you can easily dismiss what I have to say. I am trying to engage in civil discourse and give legitimate points to why a lot of Americans believe in gun rights. You just seem to be mocking myself and other gun owners. You should do some reading as to why the 2nd amendment was put into the American Constitution… it has nothing to do with hunting or redneck gun owners.
Now it also seems you are trying to insinuate that gun ownership and distrust of government makes SD readers a bunch of right wing crazies that are all white and racist because we don’t believe in gun control. I may be wrong, but I get that vibe from your last post…
You said “if the tanks roll in your rifle will not do much” SO what Are we supposed to just bend over and take it? I think you and I differ very fundamentally on how close we are to a global revolution. I do not want to engage in any kind of war and do not want to see a single soul hurt… But “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” as Thomas Jefferson said. I would rather die on my feet then live on my knees. But that being said violence is not the answer right now and we should be trying to defeat these elites with willful disengagement from their system. Just walk away as chris duane says.
**God Given right can also mean natural rights or rights you were born with that no man or government can take away. Every man in every walk of life deserves the right to protect himself and his family from harm. Trust me it takes the police 30 minutes to get to a 911 call in larger cities and if you have a man trying to kill your family tell me then how you wish you were armed.
Orion Your advice is sound in all respects. The one thing the LEFT, PROGRESSIVE AND SOCIALISTS in this country will do and do so repeated is demonize people who own guns. Pick any word that bashes gun owners are we have been called that.
Here is my personal experience. My family hunted. If you didn’t hunt you didn’t eat. While I did’nt inherit the hunting gene (thank goodness for Safeway and Albertsons) I fortunately did get the gun owning one. Most people who have an adversity to owning a firearm or are opposed to those who do have not studied the subject. It’s not like studying scuba diving or mountain climbing, public speaking or owning a business. I like #’s 3 and 4 but hate heights.
A gun is a basic tool. Items 1, 2, 3 and 4 are a life style choice –something that you can take up in the four items I noted. Guns are very different but another form of choice.
I respect a person who has the courage to say ‘I am opposed to owning a gun’ That is also a choice. I would defend that person if it came to that as I would anyone who expresses a firm belief. I would have trouble defending a person who wanted to take my gun from me through some sort of national policy or law because their notion of gun rights is now taking my rights to own a gun, a right guaranteed by the Constitution.
I am first and foremost a staunch advocate of the First Amendment, that key part of the Bill of Rights defended for 236 years by the Second Amendment. Our government would not exist if it were not for the 2nd Amendment especially given the many attempts by OUR own government to reduce or remove our God Given rights to life liberty and the pursuit of happiness while cheerfully disarming us.
Heaven help us from the biggest NIMBY killjoy pecksniff in this county, Mayor Boobberg of NYC. He would ban butter knives if given a choice IMO.
I rewrote the Declaration of Independence a few months ago to adjust the cant of that document to poke a finger in the eye of the Fed and Banksters and I think Doc posted it a while back. But that was more to highlight how the monetary policies of this country have done such damage that the Founding Fathers would not recognize the country to which they pledged lives, fortunes and sacred honor.
The Bill of Rights is God Given and even though I characterize myself as a heathen, I will defend those rights and the right to Life Liberty and the Pursuit of Happinness as God given and would do so to my death.
So don’t concern yourself too much about nay sayers or those who are contrary to those things we hold near and dear in this country. We may disagree on some things but we all agree that it is worth prepping, stacking and being ever vigilant.
Was speaking with a friend last night. He told me that it was the police looting in New Orleans after Katrina. We discussed weather patterns and HAARP. The link here that the weather patterns can be and are controlled and that Katrina was a practice run for the army.
So thanks for the above explanations. I have changed my mind and now support gun ownership.
I think the use of ‘God given…’ anything is unwise though because too many people still think he is an old man floating about in heaven zapping people – I read somewhere that the US has the highest percentage of people who believe in angels.
My question about the number of blacks on this site just came to mind with all the gun talk and southern accents. There aren’t any are there, or they are under represented.
Australia lost 5 more soldiers yesterday in Afghanistan. Our PM used the emotive excuse of the Bali bombings to justify why she will not withdraw the troops. She is not a mother. All she is interested in is her own ambition. The US have put her in power and she is their lap dog.
…meet the world’s first PM Investment Savant, BRUCE!!!
Excellent investments track record, (10,000 Toz) while knowing
ABSOLUTELY ZERO about PM FUNDAMENTALS!!!
Say Bruce, I got a nice bridge for sale, and the price just happens to be
(wait for it!)
“ 50 grand [or so] ”
ACTUALLY The above is a bit of “tongue in cheek”, no one stacks 10,000 oz by accident!
I hope MORE folks dive into this market in the future, at this scale.
Also, BRUCE, If you bought in recently (like it seems) you could sustain short-term “losses”
if the market gets “slammed” again… but that is simply manipulations. If your goals are more
“long term” it will be fine. Silver is going to break out of this manipulated trough it is stuck in,
and 10K oz could EASILY turn into $10,000,000 without hyperinflation! $1,000/oz is not “UNREASONABLE”
if you understand the fundamentals. Concentrate on THAT. It keeps ME stacking at ANY Price!