ECON Gold and Silver news

[coalcracker]

I wonder what the PM prices might do when people realize that the Israelis leaving Gaza is simply a repositioning for the imminent war with Iran?

“To the moon, Alice!” Yes, the same moon that is blocking out the sun today.

But don’t be too happy. The price of oil will be raging higher as well. “Fill ‘er up” might cost us a left arm and a firstborn child.

 

[Great Northwet]

FTA: I expect higher PM prices in about a month

 

[Great Northwet]

I screwed something up there and can't seem to delete it.

Deleted for you...

Summerthyme

 

[marsh]

Wed. April 10

SILVER UNOBTANIUM - APR 10 TBD

SILVER UNOBTANIUM - APR 10 -3pm ET​

guests Bix Weir & David Morgan

 

[AuEagle]

$2351.00 Au
$28.00 Ag
As of this post.

 

[mikeabn]

I am not sure of the percentages but enough people lost ALL their PM's in the 70-80's from private and local 'vaults' from owners taking the metals and running when they hit their highs during those years to make national and international news.

Bullion Reserve of North America. I pulled out (spare the jokes) in time but the wonderful state of California sued me to get some $ back. The head guy killed himself as I recall.

 

[Southside]

Bullion Reserve of North America. I pulled out (spare the jokes) in time but the wonderful state of California sued me to get some $ back. The head guy killed himself as I recall.

I looked at one located just east of Panama City in Costa Del Este.
Yep, they stole all the money, too. This was back around 2012.

Happens too much to ignore.

I said no when they balked at sending information on their auditor and their insurance carrier.

 

[West]

If anyone wants me to hold their PMs for safe keeping (for a small fee) I will.

Call it the TB2K PM fund. But then the big guy would want a small fee too! All good.



JK.

 

[Doc1]

And that tilted table happened due to the centuries of women basically having little to no legal standing if their husband decided to get rid of them in some way.

Neither era was/is good. What it proves is what is sauce for the goose is sauce for the gander and to use some commonsense and realize what goes around comes around, including in gender-bias.

Hopefully men won't have to experience the entire loss of all legal rights and standing to grasp the concept of what women went through for centuries.

Yawn. I've heard your arguments countless times, from countless yammering feminist voices. I can counter them with one word: War.

Over the centuries, many millions of men have been - involuntarily - killed and maimed in war, as their governments conscripted them. Women have, with minuscule exceptions, been protected from this.

So I will ask, if you have a choice between door number one, which represents your husband getting rid of you, or lower wages, or the inability to vote, or any of the scores of feminist gripes and door number two, which represents death - including agony, maiming and dismemberment - which do you choose? We both know the answer because feminists are never clamoring to be included in the draft, to be included in the selective service numbers or to be liable for true combat service.

Yes, I know, there are a very tiny - very tiny - minority of women who have served in combat zones, but the exception does not invalidate the rule. Those women, BTW, were volunteers and I have a lot of respect for them, but they weren't drafted. The draft represents the ultimate in involuntary servitude and it has always been limited to men. It's been limited to men because women suck at combat. Seriously. It's too physically (and mentally) demanding for women and countless studies and real world experience has proven this over the centuries.

As a small anecdote, my son was in a forward base in Iraq when it came under a mortar attack. There happened to be a handful of female support staff there at the time and he said that they just fell apart, screaming, crying and running around aimlessly instead of diving into the trenches provided for just this scenario. One of them was blown apart during her directionless run and the others were traumatized into catatonic silence.

Of course you never hear of these things through government channels because the reality doesn't fit the narrative. The Soviets attempted to use women in combat with dismal results. They had a few - again, a very few - successes with some female sniper and pilot units but the game wasn't worth the candle. Even when the Nazis were at the gates of Moscow, the Soviets knew better than to throw women into combat. They did conscript them into civilian labor corps, digging trenches and constructing tank traps, but not fighting.

I am sympathetic to a lot of women's problems. Actually, decades ago, I was a single father, having been granted custody of my son in an era when this was (almost) unheard of. Even then, the court did not grant me any child support, which had I been a woman would've been automatic.

I could go on at great length about gender disparities, but I will close with this: Most TB2K members - including women - tend to be very politically conservative and rightly complain about our leftist governments. What is rarely noted is that this is a function of the womens vote. If women had never been enfranchised, we would have been enjoying conservative governments for over a century and the numbers bear this out.

Best
Doc

 

[CaryC]

Yawn. I've heard your arguments countless times, from countless yammering feminist voices. I can counter them with one word: War.

Over the centuries, many millions of men have been - involuntarily - killed and maimed in war, as their governments conscripted them. Women have, with minuscule exceptions, been protected from this.

So I will ask, if you have a choice between door number one, which represents your husband getting rid of you, or lower wages, or the inability to vote, or any of the scores of feminist gripes and door number two, which represents death - including agony, maiming and dismemberment - which do you choose? We both know the answer because feminists are never clamoring to be included in the draft, to be included in the selective service numbers or to be liable for true combat service.

Yes, I know, there are a very tiny - very tiny - minority of women who have served in combat zones, but the exception does not invalidate the rule. Those women, BTW, were volunteers and I have a lot of respect for them, but they weren't drafted. The draft represents the ultimate in involuntary servitude and it has always been limited to men. It's been limited to men because women suck at combat. Seriously. It's too physically (and mentally) demanding for women and countless studies and real world experience has proven this over the centuries.

As a small anecdote, my son was in a forward base in Iraq when it came under a mortar attack. There happened to be a handful of female support staff there at the time and he said that they just fell apart, screaming, crying and running around aimlessly instead of diving into the trenches provided for just this scenario. One of them was blown apart during her directionless run and the others were traumatized into catatonic silence.

Of course you never hear of these things through government channels because the reality doesn't fit the narrative. The Soviets attempted to use women in combat with dismal results. They had a few - again, a very few - successes with some female sniper and pilot units but the game wasn't worth the candle. Even when the Nazis were at the gates of Moscow, the Soviets knew better than to throw women into combat. They did conscript them into civilian labor corps, digging trenches and constructing tank traps, but not fighting.

I am sympathetic to a lot of women's problems. Actually, decades ago, I was a single father, having been granted custody of my son in an era when this was (almost) unheard of. Even then, the court did not grant me any child support, which had I been a woman would've been automatic.

I could go on at great length about gender disparities, but I will close with this: Most TB2K members - including women - tend to be very politically conservative and rightly complain about our leftist governments. What is rarely noted is that this is a function of the womens vote. If women had never been enfranchised, we would have been enjoying conservative governments for over a century and the numbers bear this out.

Best
Doc

Not to mention land owners.

 

[Doc1]

If anyone wants me to hold their PMs for safe keeping (for a small fee) I will.

Call it the TB2K PM fund. But then the big guy would want a small fee too! All good.



JK.

On a serious note, I've long said that relying on anyone else, or any other entity, to hold your precious metals is a very bad idea. There have been almost endless cases of government confiscation or outright theft of metals to make it a good idea.

There are reputable firms (like Sprott metals as just one example) who can be trusted custodians of your precious metals, but even the most trusted firms are not immune to government actions. In 1933 when Roosevelt confiscated the peoples' Gold, government agents were immediately dispatched to the banks to inspect the contents of peoples safe deposit boxes when they tried to remove their contents.

The banks weren't trying to be dishonest, but they had to adhere to the government's edicts. Countless people lost their metals even though they were in a "safe" bank.

IMHO the best way to keep your metals is to keep your metals! IOW keep them in your own, physical possession. A heavy safe might be one way to store some of them, but you shouldn't keep all your eggs in one basket. Perhaps keep a portion in your safe, but bury some of them and put others in some handy, secret location.

I'll offer a few hints in that regard:

First, forget about the cheap (and not so cheap), sheet metal safes out there. Anyone with an angle grinder can make short work of them. If you are going to use a safe, get an old, heavy safe with a combination lock. The safe should be hidden and heavy enough that two men can't move it. Anything less is giving you more peace of mind than it should.

You might drill a hole into a 2x4 or 4x4 structural member of your house or outbuilding. Put your Gold or Silver coins into this hole and then reinstall the structural member. As a temporary measure, you might put some coins into the air filter of your vehicle. If you do that, be sure that the coins are on the outside of the actual filter element so they can't be sucked into the engine's intake! You could also put some coins into the coolant reservoir or perhaps into a large fuel filter. There are lots of ways to hide things in a vehicle. Don't put them inside of your spare tire like you see on TV!

One of the better ways to hide your PMs is to bury them. Put the coins into a glued and sealed 2" PVC pipe and bury them two to three feet down. Use a post hole digger so that you only have to make a small hole.

Years ago I had an elevated rental house. This house had a concrete slab landing at the base of the stairs. I had secreted over $80,000 of gold buried under that slab. One of my tenants was a woman whose boyfriend was a member of a 1% (outlaw) biker club. For a long time bikers came and went walking right over that slab without a clue what was underneath. Even if - for some virtually impossible, outlier reason - someone decided to lift that slab, they still wouldn't have seen anything because the Gold was buried under the slab.

Don't put your metal into the freezer or into hollow books. Thieves and cops always look there. You might consider using a large deep freezer if it's full. In that case, insert your coins into a large slab of real meat, wrap the meat, mark it as "chuck roast" or "ground beef" or similar and place it at the bottom of the freezer. Then put the other contents on top of it. I've never heard of thieves actually removing all the contents of a large freezer, defrosting everything and then dissecting the meat! BTW, only put Gold coins in the meat, not Silver.

These tips should give you something to work with.

Best
Doc

 

[Switchback]

I wonder what the PM prices might do when people realize that the Israelis leaving Gaza is simply a repositioning for the imminent war with Iran?

“To the moon, Alice!” Yes, the same moon that is blocking out the sun today.

But don’t be too happy. The price of oil will be raging higher as well. “Fill ‘er up” might cost us a left arm and a firstborn child.

And a pint of blood.

 

[CaryC]

On a serious note, I've long said that relying on anyone else, or any other entity, to hold your precious metals is a very bad idea. There have been almost endless cases of government confiscation or outright theft of metals to make it a good idea.

There are reputable firms (like Sprott metals as just one example) who can be trusted custodians of your precious metals, but even the most trusted firms are not immune to government actions. In 1933 when Roosevelt confiscated the peoples' Gold, government agents were immediately dispatched to the banks to inspect the contents of peoples safe deposit boxes when they tried to remove their contents.

The banks weren't trying to be dishonest, but they had to adhere to the government's edicts. Countless people lost their metals even though they were in a "safe" bank.

IMHO the best way to keep your metals is to keep your metals! IOW keep them in your own, physical possession. A heavy safe might be one way to store some of them, but you shouldn't keep all your eggs in one basket. Perhaps keep a portion in your safe, but bury some of them and put others in some handy, secret location.

I'll offer a few hints in that regard:

First, forget about the cheap (and not so cheap), sheet metal safes out there. Anyone with an angle grinder can make short work of them. If you are going to use a safe, get an old, heavy safe with a combination lock. The safe should be hidden and heavy enough that two men can't move it. Anything less is giving you more peace of mind than it should.

You might drill a hole into a 2x4 or 4x4 structural member of your house or outbuilding. Put your Gold or Silver coins into this hole and then reinstall the structural member. As a temporary measure, you might put some coins into the air filter of your vehicle. If you do that, be sure that the coins are on the outside of the actual filter element so they can't be sucked into the engine's intake! You could also put some coins into the coolant reservoir or perhaps into a large fuel filter. There are lots of ways to hide things in a vehicle. Don't put them inside of your spare tire like you see on TV!

One of the better ways to hide your PMs is to bury them. Put the coins into a glued and sealed 2" PVC pipe and bury them two to three feet down. Use a post hole digger so that you only have to make a small hole.

Years ago I had an elevated rental house. This house had a concrete slab landing at the base of the stairs. I had secreted over $80,000 of gold buried under that slab. One of my tenants was a woman whose boyfriend was a member of a 1% (outlaw) biker club. For a long time bikers came and went walking right over that slab without a clue what was underneath. Even if - for some virtually impossible, outlier reason - someone decided to lift that slab, they still wouldn't have seen anything because the Gold was buried under the slab.

Don't put your metal into the freezer or into hollow books. Thieves and cops always look there. You might consider using a large deep freezer if it's full. In that case, insert your coins into a large slab of real meat, wrap the meat, mark it as "chuck roast" or "ground beef" or similar and place it at the bottom of the freezer. Then put the other contents on top of it. I've never heard of thieves actually removing all the contents of a large freezer, defrosting everything and then dissecting the meat! BTW, only put Gold coins in the meat, not Silver.

These tips should give you something to work with.

Best
Doc

Thanks Doc. I'm holding all the lead, tire weights, soldering wire, I can get my hands on, hoping I can trade it for a Mule when the crash happens. LOL

 

[Johnny Twoguns]

Several alt gold/silver pundits were hesitant and careful to suggest gold would hit $2300 by the end of the year.

It looks like gold might hit $2400 by the end of the month if not this week.

 

[Johnny Twoguns]

On a serious note, I've long said that relying on anyone else, or any other entity, to hold your precious metals is a very bad idea. There have been almost endless cases of government confiscation or outright theft of metals to make it a good idea.

There are reputable firms (like Sprott metals as just one example) who can be trusted custodians of your precious metals, but even the most trusted firms are not immune to government actions. In 1933 when Roosevelt confiscated the peoples' Gold, government agents were immediately dispatched to the banks to inspect the contents of peoples safe deposit boxes when they tried to remove their contents.

The banks weren't trying to be dishonest, but they had to adhere to the government's edicts. Countless people lost their metals even though they were in a "safe" bank.

IMHO the best way to keep your metals is to keep your metals! IOW keep them in your own, physical possession. A heavy safe might be one way to store some of them, but you shouldn't keep all your eggs in one basket. Perhaps keep a portion in your safe, but bury some of them and put others in some handy, secret location.

I'll offer a few hints in that regard:

First, forget about the cheap (and not so cheap), sheet metal safes out there. Anyone with an angle grinder can make short work of them. If you are going to use a safe, get an old, heavy safe with a combination lock. The safe should be hidden and heavy enough that two men can't move it. Anything less is giving you more peace of mind than it should.

You might drill a hole into a 2x4 or 4x4 structural member of your house or outbuilding. Put your Gold or Silver coins into this hole and then reinstall the structural member. As a temporary measure, you might put some coins into the air filter of your vehicle. If you do that, be sure that the coins are on the outside of the actual filter element so they can't be sucked into the engine's intake! You could also put some coins into the coolant reservoir or perhaps into a large fuel filter. There are lots of ways to hide things in a vehicle. Don't put them inside of your spare tire like you see on TV!

One of the better ways to hide your PMs is to bury them. Put the coins into a glued and sealed 2" PVC pipe and bury them two to three feet down. Use a post hole digger so that you only have to make a small hole.

Years ago I had an elevated rental house. This house had a concrete slab landing at the base of the stairs. I had secreted over $80,000 of gold buried under that slab. One of my tenants was a woman whose boyfriend was a member of a 1% (outlaw) biker club. For a long time bikers came and went walking right over that slab without a clue what was underneath. Even if - for some virtually impossible, outlier reason - someone decided to lift that slab, they still wouldn't have seen anything because the Gold was buried under the slab.

Don't put your metal into the freezer or into hollow books. Thieves and cops always look there. You might consider using a large deep freezer if it's full. In that case, insert your coins into a large slab of real meat, wrap the meat, mark it as "chuck roast" or "ground beef" or similar and place it at the bottom of the freezer. Then put the other contents on top of it. I've never heard of thieves actually removing all the contents of a large freezer, defrosting everything and then dissecting the meat! BTW, only put Gold coins in the meat, not Silver.

These tips should give you something to work with.

Best
Doc

"One of the better ways to hide your PMs is to bury them. Put the coins into a glued and sealed 2" PVC pipe and bury them two to three feet down. Use a post hole digger so that you only have to make a small hole."

Years ago I heard, it might have been David Morgan, who suggested this and said make sure the hole is straight up and down, don't bury the tube sideways; better protection from metal detectors. And you better make a map

Let me add, if I were to try something like this I'd add a crushed soda or soup can on the top before filling in the hole.

 

[Johnny Twoguns]

A warning on PSLV. Yes, Sprott is an honest trader. His PSLV buys enough metal to cover shares. HOWEVER, if you invest YOU are buying shares. YOU will not be able to "take possession" as a little player. It is even worse with SLV and GLV now. YOU will never get physical from them, and they no longer have to keep enough pm's on hand to cover shares. From what some like Andrew McGuire and others say, big players have backed the trucks up to both of those and are draining the metal. What is that Lynette Zang has been saying for years?

 

[shane]

A warning on PSLV. Yes, Sprott is an honest trader. His PSLV buys enough metal to cover shares. HOWEVER, if you invest YOU are buying shares. YOU will not be able to "take possession" as a little player. It is even worse with SLV and GLV now. YOU will never get physical from them, and they no longer have to keep enough pm's on hand to cover shares. From what some like Andrew McGuire and others say, big players have backed the trucks up to both of those and are draining the metal. What is that Lynette Zang has been saying for years?

Sold my PSLV a year ago after Canada started messing with people’s bank accounts. Could see them screwing with PM’s even quicker than US govt.

Panic Early, Beat the Rush!
- Shane

 

[Southside]

Sold my PSLV a year ago after Canada started messing with people’s bank accounts. Could see them screwing with PM’s even quicker than US govt.

Panic Early, Beat the Rush!
- Shane

Yes, the right thing to do.
I trust Sprott. I do not trust the Canadian Government.
Just like putting gold in Switzerland. When the world goes to hell in a handbag, what makes ANYONE think you will be able to access it? Or even worse. That it is there.

 

[Kathy in FL]

Yawn. I've heard your arguments countless times, from countless yammering feminist voices. I can counter them with one word: War.

Over the centuries, many millions of men have been - involuntarily - killed and maimed in war, as their governments conscripted them. Women have, with minuscule exceptions, been protected from this.

So I will ask, if you have a choice between door number one, which represents your husband getting rid of you, or lower wages, or the inability to vote, or any of the scores of feminist gripes and door number two, which represents death - including agony, maiming and dismemberment - which do you choose? We both know the answer because feminists are never clamoring to be included in the draft, to be included in the selective service numbers or to be liable for true combat service.

Yes, I know, there are a very tiny - very tiny - minority of women who have served in combat zones, but the exception does not invalidate the rule. Those women, BTW, were volunteers and I have a lot of respect for them, but they weren't drafted. The draft represents the ultimate in involuntary servitude and it has always been limited to men. It's been limited to men because women suck at combat. Seriously. It's too physically (and mentally) demanding for women and countless studies and real world experience has proven this over the centuries.

As a small anecdote, my son was in a forward base in Iraq when it came under a mortar attack. There happened to be a handful of female support staff there at the time and he said that they just fell apart, screaming, crying and running around aimlessly instead of diving into the trenches provided for just this scenario. One of them was blown apart during her directionless run and the others were traumatized into catatonic silence.

Of course you never hear of these things through government channels because the reality doesn't fit the narrative. The Soviets attempted to use women in combat with dismal results. They had a few - again, a very few - successes with some female sniper and pilot units but the game wasn't worth the candle. Even when the Nazis were at the gates of Moscow, the Soviets knew better than to throw women into combat. They did conscript them into civilian labor corps, digging trenches and constructing tank traps, but not fighting.

I am sympathetic to a lot of women's problems. Actually, decades ago, I was a single father, having been granted custody of my son in an era when this was (almost) unheard of. Even then, the court did not grant me any child support, which had I been a woman would've been automatic.

I could go on at great length about gender disparities, but I will close with this: Most TB2K members - including women - tend to be very politically conservative and rightly complain about our leftist governments. What is rarely noted is that this is a function of the womens vote. If women had never been enfranchised, we would have been enjoying conservative governments for over a century and the numbers bear this out.

Best
Doc

What the hell did I say that had to do with military service? ROFL! Boy what a left turn you just threw. Sorry, not distracted in the least.

Nothing changes the fact that men have been top dogs in the world for centuries and they still bitch and whine about their lot in life. Look in the mirror for why you are now getting shafted. It has been what happened to women for the centuries that men controlled things. And frankly still happens a great deal of the time. The women’s shelters wouldn’t be full to overflowing if that wasn’t the case unless you are saying “they deserved it.”

Now do I think that men automatically experiencing some of the pendulum swing is a good thing? No. Each divorce case should be decided on its own merit and on the character and activities of the two people involved. And if you can’t or won’t get along through compromise then either take the time to go to counseling or shut up and split up and let the courts have everything and it get pieced out for any kids you procreated in the process.

My own brother is on his third wife and I told him it better damn well be his last wife because I would not be poop scooping and lending him money to get through another divorce. I paid for this wedding, we had it in our backyard with all the trimmings because he may occasionally act like a boneheaded redneck, but I love him. It also looks like he finally married out of better motivation. First time was young love. Second time was lust and loneliness. Third time is the charm as in addition to love the woman has the common sense my brother lacks in certain areas and is bringing him along. And he provides the strength and respect and romance (not my personal cup o’ tea) that she lacked in her first marriage. The man was a real bastard and the relationship she had after that one was just as bad.

Bottom line is, just like with anything else, learn from your mistakes and failure and do your best not to repeat them, even if that means fishing in a different pond.

And I’ll say the same thing about PMs. Know what you are getting into before you get into it. For some people PM investing appears easy for others it is more challenging. Some people invest more than they can afford to lose and get in trouble that way. For a fact everyone is different and will have their own story.

 

[Southside]

Easy peasy.
Easy to invest in metals when they go up.
Difficult when they go down.

I have been in the metal market since 1998.
At this point, all the days are good, once I was able to deal with the volatility. I usually DO NOT recommend that people use precious metals as an investment, it is INSURANCE against economic catastrophe.

 

[Hfcomms]

I usually DO NOT recommend that people use precious metals as an investment, it is INSURANCE against economic catastrophe.

Metals are not investments. There is no 'return' on metal sitting in your safe persay. What they are is money and tangible real wealth with no counterparty risk. You don't buy metal to get wealth as they are wealth. In today's environment it isn't return on principal but return of principal. They are like cash under the mattress but much better. Your cash is losing a little of it's purchasing power every day whereas your metal is holding steady or gaining in purchasing power.

To be sure the metals have been suppressed and pricing power is steadily moving from the west to the east. Because of said artificial suppression and because of the irresponsible financial actions taken by government the metals will react as a coiled spring and not only meet their fair value but in all likelyhood will go beyond their fair value but that isn't why you should hold them.

As mentioned they are insurance and in this case wealth insurance to give you something to work with after the coming 'reset' in whatever form that might take. Those holding only assets denominated in dollars (yen, euro etc) will be left holding ashes.

 

[von Koehler]

Metals are not investments. There is no 'return' on metal sitting in your safe persay. What they are is money and tangible real wealth with no counterparty risk. You don't buy metal to get wealth as they are wealth. In today's environment it isn't return on principal but return of principal. They are like cash under the mattress but much better. Your cash is losing a little of it's purchasing power every day whereas your metal is holding steady or gaining in purchasing power.

To be sure the metals have been suppressed and pricing power is steadily moving from the west to the east. Because of said artificial suppression and because of the irresponsible financial actions taken by government the metals will react as a coiled spring and not only meet their fair value but in all likelyhood will go beyond their fair value but that isn't why you should hold them.

As mentioned they are insurance and in this case wealth insurance to give you something to work with after the coming 'reset' in whatever form that might take. It gives you something to work with on the other side while those holding only assets denominated in dollars (yen, euro etc) will be left holding ashes.

The only real counter party risk is thieves; the worst of whom is .fedgov.

 

[Hfcomms]

The only real counter party risk is thieves; the worst of whom is .fedgov.

Fortunately in most cases there is no paper trail and most metals don't have serial numbers like firearms. Look how bad they are with tracing firearms, good luck with that bag of junk that has been in my safe for 20 years. As far as thievery goes there is a reason why metal detectors and prospectors find jars of buried coins on homesteads 100 years later. Many ways to hide the sausage as it were.

 

[mikeabn]

I regard my pm holdings as "final protective fire' to protect my financial lifestyle. My ultimate reserve currency. For years my briefcase had some silver coins in it.

 

[Johnny Twoguns]

"One of the better ways to hide your PMs is to bury them. Put the coins into a glued and sealed 2" PVC pipe and bury them two to three feet down. Use a post hole digger so that you only have to make a small hole."

Years ago I heard, it might have been David Morgan, who suggested this and said make sure the hole is straight up and down, don't bury the tube sideways; better protection from metal detectors. And you better make a map

Sold my PSLV a year ago after Canada started messing with people’s bank accounts. Could see them screwing with PM’s even quicker than US govt.

Panic Early, Beat the Rush!
- Shane

Oh yes, at least while mr dictator is in charge. However, wherever he shows up on the street, he is shouted and screamed at. First time in my life that a Canadian PM has been screamed at by crowds. Anger and hatred can easily turn to violence when people start starving AND realize what has been medically done to them. It is my understanding that Canada has almost doubled the POP in the last 25 yrs, and many (most?) of them will be of the lower IQ denizens, easily prone to violence.

And nazi freidland is now shaking and sniffling everywhere in public; coke shivers or just growing more nervous and maybe scared shitless?

For now I fully agree with you.

 

[Johnny Twoguns]

Fortunately in most cases there is no paper trail and most metals don't have serial numbers like firearms. Look how bad they are with tracing firearms, good luck with that bag of junk that has been in my safe for 20 years. As far as thievery goes there is a reason why metal detectors and prospectors find jars of buried coins on homesteads 100 years later. Many ways to hide the sausage as it were.

I don't know if it was faked or not, video quality sucked for someone to bother faking it; but I saw a YT about a guy freezing, then heating, over and over some coin (I think it was a newly minted morgan, but I'm not sure; it was from the Mint though). After freezing, heating, banging it finally broke open and there was an rfid inside.

The new guy who has showed up out of nowhere (sign one not to be trusted ) TedTalks is claiming that there are second tier Eagles that are rfided and other coins from refinery's that are now chipped to make tracking automatic.

 

[Southside]

Metals are not investments. There is no 'return' on metal sitting in your safe persay. What they are is money and tangible real wealth with no counterparty risk. You don't buy metal to get wealth as they are wealth. In today's environment it isn't return on principal but return of principal. They are like cash under the mattress but much better. Your cash is losing a little of it's purchasing power every day whereas your metal is holding steady or gaining in purchasing power.

To be sure the metals have been suppressed and pricing power is steadily moving from the west to the east. Because of said artificial suppression and because of the irresponsible financial actions taken by government the metals will react as a coiled spring and not only meet their fair value but in all likelyhood will go beyond their fair value but that isn't why you should hold them.

As mentioned they are insurance and in this case wealth insurance to give you something to work with after the coming 'reset' in whatever form that might take. Those holding only assets denominated in dollars (yen, euro etc) will be left holding ashes.

Originally, I bought them because I thought they would make me rich.
What I eventually figured out was that if I didn't buy them, it would make me poor.

 

[Hfcomms]

PAMP It: Costco Selling Up To $200 Million In Gold Bars Per Month, Wells Fargo Estimates​

Last December, wholesale retailer Costco announced that they had sold over $100 million worth of gold in Q3 2023.

"You've probably read about the fact that we're selling one-ounce gold bars. We sold over $100 million of gold during the quarter," sad CFO Richard Galenti.

Now, Wells Fargo estimates that Costco "may now be running at" $100 million to $200 million per month in gold sales.

"Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer trust," said analyst Edward Kelly in a Tuesday note to clients. "The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm sales suggests a sharp uptick in momentum since the launch," CNBC reports.

Costco is selling one-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers, it’s estimated that the product generally sells for about 2% above the spot price, which as of Tuesday morning was around $2,357 an ounce. That would put the price at Costco just over $2,400.

Sales of Costco gold bars are now limited to five per customer (up from two), while executive members receive 2% back. Those who use their Citigroup credit cards will receive a further 2%.

"Pricing at that level and shipping costs suggests it’s a very low profit business at best," wrote Kelly.

Spot prices for gold have notably been on a tear this year, rising over 13% YTD amid persistent inflation, nearly $35 trillion in national debt (and growing), and investor fears over the state of the 'deteriorating US fiscal situation,' according to the report.



According to DataTrek co-founder Nicholas Colas, "The move suggests that many foreign governments feel the need to hedge geopolitical outcomes that might be negative catalysts for other risk assets like stocks."

"The only good news is that this reinforces the idea of gold as a reasonable hedge for diversified portfolios," he added.

PAMP It: Costco Selling Up To $200 Million In Gold Bars Per Month, Wells Fargo Estimates | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Johnny Twoguns]

Has the cat clawed it's way out of the bag? After 150 years of being locked in?
Andy Scheckman gets emotional and sticks his neck out...........
He says "this time it's different".
He really thinks that the western banking cartel HAVE LOST CONTROL OF THE PHYSICAL MARKETS through Comex/LBMA paper manipulations.

Is the PM market becoming an actual supply and DEMAND pricing based on physical ownership?

YT, Liberty and Finance channel. Yesterday.

WELL WORTH WATCHING

 

[Wyominglarry]

All financial systems fail. Ours is no different. My worry is having PMs are worthless if there is nothing to buy or exchange them for items such as food or medicine. If we have a complete collapse having PMs is not going to do much to get food delivered or gas in your truck. I also worry that the government could just say PMs are illegal and turn them in or else.

 

[desert_fox]

All financial systems fail. Ours is no different. My worry is having PMs are worthless if there is nothing to buy or exchange them for items such as food or medicine. If we have a complete collapse having PMs is not going to do much to get food delivered or gas in your truck. I also worry that the government could just say PMs are illegal and turn them in or else.

I agree, during the "apocalypse" gold and silver will be the least of my worries. But afterwards when society starts to rebuild? Gold and silver might be a boon to have. Your last worry: what is to stop the government from claiming anything of value if they truly want it? We already know they have EO's ready in place to confiscate food and energy sources. Not too long ago a EO put thousands of Japanese into camps and took their property.

 

[Southside]

All financial systems fail. Ours is no different. My worry is having PMs are worthless if there is nothing to buy or exchange them for items such as food or medicine. If we have a complete collapse having PMs is not going to do much to get food delivered or gas in your truck. I also worry that the government could just say PMs are illegal and turn them in or else.

I don't worry about things I can't change. I just prepare for them, as best I can.

 

[Southside]

Not too long ago a EO put thousands of Japanese into camps and took their property.

A friend of my mothers was in the camps. Wonderful lady, Hatse'(Hatzimura).
Had to call her a month ago to let her know of my mother's passing. I will be sending he a quilt, as soon as I can decide which one.

 

[bracketquant]

Yawn. I've heard your arguments countless times, from countless yammering feminist voices. I can counter them with one word: War.

Over the centuries, many millions of men have been - involuntarily - killed and maimed in war, as their governments conscripted them. Women have, with minuscule exceptions, been protected from this.

So I will ask, if you have a choice between door number one, which represents your husband getting rid of you, or lower wages, or the inability to vote, or any of the scores of feminist gripes and door number two, which represents death - including agony, maiming and dismemberment - which do you choose? We both know the answer because feminists are never clamoring to be included in the draft, to be included in the selective service numbers or to be liable for true combat service.

Yes, I know, there are a very tiny - very tiny - minority of women who have served in combat zones, but the exception does not invalidate the rule. Those women, BTW, were volunteers and I have a lot of respect for them, but they weren't drafted. The draft represents the ultimate in involuntary servitude and it has always been limited to men. It's been limited to men because women suck at combat. Seriously. It's too physically (and mentally) demanding for women and countless studies and real world experience has proven this over the centuries.

As a small anecdote, my son was in a forward base in Iraq when it came under a mortar attack. There happened to be a handful of female support staff there at the time and he said that they just fell apart, screaming, crying and running around aimlessly instead of diving into the trenches provided for just this scenario. One of them was blown apart during her directionless run and the others were traumatized into catatonic silence.

Of course you never hear of these things through government channels because the reality doesn't fit the narrative. The Soviets attempted to use women in combat with dismal results. They had a few - again, a very few - successes with some female sniper and pilot units but the game wasn't worth the candle. Even when the Nazis were at the gates of Moscow, the Soviets knew better than to throw women into combat. They did conscript them into civilian labor corps, digging trenches and constructing tank traps, but not fighting.

I am sympathetic to a lot of women's problems. Actually, decades ago, I was a single father, having been granted custody of my son in an era when this was (almost) unheard of. Even then, the court did not grant me any child support, which had I been a woman would've been automatic.

I could go on at great length about gender disparities, but I will close with this: Most TB2K members - including women - tend to be very politically conservative and rightly complain about our leftist governments. What is rarely noted is that this is a function of the womens vote. If women had never been enfranchised, we would have been enjoying conservative governments for over a century and the numbers bear this out.

Best
Doc

Unfortunately, you overlook the civilian deaths of war. As an example, in WWII, roughly 25 million soldiers died, while 50 million civilians died. Women have been protected from conscription, but not protected from dying, nor rape, nor enslavement, nor...

 

[Johnny Twoguns]

I agree, during the "apocalypse" gold and silver will be the least of my worries. But afterwards when society starts to rebuild? Gold and silver might be a boon to have. Your last worry: what is to stop the government from claiming anything of value if they truly want it? We already know they have EO's ready in place to confiscate food and energy sources. Not too long ago a EO put thousands of Japanese into camps and took their property.

When was the last apocalypse? I think I missed it.

There hasn't been, not in the sense you are describing.
Everywhere where local or country structures have broken down gold an silver have remained valuable.
The ONLY things I can think of to bring on an 'apocalypse' would be a large nuclear exchange; a super volcano going off; an asteroid strike; possibly a real super plague (during the Black Death pms still had 'value'). And in any of those cases you probably are a goner anyway. Soon or late you and yours are dead. Then you go into the other worlds. As Kurt Vonnegut always said "so it goes".

You are a glass half full kind of person, or you are a glass half empty kind of person.
I think the odds of an apocalypse is rather low.

Not too long ago Americans loved their country and trusted their leaders. Not too long ago there was Law and Order.
Today? Not so much. Even in the Soviet Union and in Nazi Germany and today in China there has always been a black market. How many Americans, right now, will NEVER give up their guns?

Half full or half empty?
Sheep or guard dog? Guard dog or wolf? Wolf or sheep?

 

[Reasonable Rascal]

All financial systems fail. Ours is no different. My worry is having PMs are worthless if there is nothing to buy or exchange them for items such as food or medicine. If we have a complete collapse having PMs is not going to do much to get food delivered or gas in your truck. I also worry that the government could just say PMs are illegal and turn them in or else.

How desperate will things have to get if there is "nothing to buy or exchange them for?" Seriously. I am not trying to start a fight but just what would get food delivered or gas in your truck? If you are using PMs it is because paper is worthless, or the electronic cards are the law of the land. Those coins/bars/rounds/whatever are for under the table trade. They transfer wealth between eras as it were. They are the only universal means of exchange throughout history, because barter has its limits. Paper gets used to fuel the furnace (see post-war sometime Hungary as an example) and we all know the grid is going to go down someway/some how, and with it the electronic credits that are routinely interfered with even now, vis a vis' credt card processing being off line.

There is no time in history when the government has ever been more than partially successful at banning PMs in any form. Even the Nazis couldn't get it down and they were pulling teeth! Governments have tried; they have passed edicts and laws and more, and there were always those who held back. Everyone talks of what Roosevelt did but they really don't know the mechanics. We still have gold and silver in no small quantity from that era, not just what has been minted since.

RR

 

[Hfcomms]

All financial systems fail. Ours is no different. My worry is having PMs are worthless if there is nothing to buy or exchange them for items such as food or medicine. If we have a complete collapse having PMs is not going to do much to get food delivered or gas in your truck. I also worry that the government could just say PMs are illegal and turn them in or else.

You have to think it through and know some history. There has never been a time in recorded history up to this point that gold and silver has become worthless. But, we do have history of how gold and silver behave during times of financial collapse even in the last hundred years. We could go back to Weimer Germany 100 years ago or even as currently as a year or two ago in Venezuela. In both cases people with metal were able to eat and pay for things. I've posted the Bloomberg article here several times where destitute citizens in Venezuela placer mine for gold flakes and use them to buy food and pay for haircuts.

As far as being nothing to buy probably for a period of time and maybe an extended period of time this is why we prep. It isn't an either/or type of situation. You prep with your foods and medicines (and everything else) to the best of your capability and if you have something left put them into metals or other tangible assets that have a history or retaining value during economic turmoil or collapse.

And I wouldn't worry too much about the government. They will have their hands full just surviving themselves with millions of extremely pissed off citizens looking for them. This isn't the 1930's with an orderly society and people doing the patriotic thing and turning in their gold. And, there is very little gold or silver in the hands of the public anymore except for personal jewelry.

With about half of one percent of investible assets going into physical metals there is very little of it out there and the ones that are in the know such as the rich either makes the laws or influence those that make the laws and they aren't liable to give up their gold and silver.

When the supposed smartest money in the world that know the score (central banks) are vacuuming up record amounts of gold for their vaults the last few years we might want to emulate them to the best of our ability.

You prep to see you through the collapse as much as possible and perhaps use some silver during the collapse when the farmer that has eggs might take a silver dime or quarter but doesn't want paper money and the gold and rest of the silver are for after the collapse to give you something tangible that retains its value over time. The metals do just that for you. Prep first as that is critical but then use metal and other tangibles to retain your purchasing power into the next system that comes to pass.

 

[summerthyme]

If it gets bad enough the PMs are accepted more than fiat, food/fuel/medicine ain't gonna be "delivered" in any way as we currently expect! To survive that, you either need to be prepared to provide those for yourself for an undetermined length of time, or develop relationships with *producers* now... who MIGHT be willing to exchange some for PMs... or more likely in exchange for physical labor.

So much of our production is super efficient these days *only* because of readily available fossil fuels and/or electricity. The current excess availability of cheap grains is only possible with the use of fossil fuels... both to run machinery and for the huge amounts of fertilizer required to grow the current yields.

On our former farm, we could grow open pollinated heirloom grain corn, using manure and wood ash as our only fertilizer, and get around 100 bushels per acre. Compared to 1950, that was excellent production. These days, it's pathetic! But of course, a couple of acres could provide adequate energy feed to keep a milk cow or two (if we also utilized our rotational grazing system), a single hog plus 2 litters of babies, and chickens for eggs and meat.

We *might* be willing to barter excess meat and eggs... but would likely have a greater need for labor to help produce it than PMs. I've grown half an acre of corn by myself... using a Troy-bilt tiller for soil prep and weed control, and picking it by hand. It's a LOT of time and work!

We're looking into developing some sort of a Rube Goldberg set-up to automatically and constantly move our chicken "tractors" (mobile 16x8 foot coops that hold 50 meat birds comfortably, but could handle 100 very well IF they could be frequently moved to keep them on fresh grass. DS wants to see if he can attach a solar powered motor, geared WAY down, so the coop will move about 12-18 inches per hour.

Our current method requires two people and an ATV... one drives, while the other stays inside the coop and shoos the birds ahead with a leaf rake... without the second person, we ended up with injured birds, as they all run to the back of the coop! No one ever lost money UNDERestimating the intelligence of a chicken!

Anyway, my point is, do whatever is necessary to secure *at least* 2 years worth of calories, safe water and heating/cooling before you even start to accumulate more than a small amount of PMs for "emergency " use.

Sure, some folks may well come out of whatever situation "rich", by using PMs to purchase land or whatever... but it won't do you any good if you starve to death holding the deeds to your own town!

Summerthyme

 

[TedM1911]

I keep guns, ammo, and food. Whil I have PM'S, I don't really care about them .

 

[Wyominglarry]

What happens when the digital currency comes into existence? Will PMs be even allowed? I do not trust anything our government does or tells us.