ECON Gold and Silver news

[Johnny Twoguns]

The problem is that was a long time ago. The kind of worldwide situation that would move enough governments out of the way to allow PMs to become viable the way many people believe that should be also brings with it other realities.

Put it ghis way, I’m sure the Chinese never thought that pressed blocks of tea leaves would stop being currency. Heck, tea was even a factor in the American Revolution. Taxing and controlling tea is still a factor today, just not in the US. But pressed blocks of tea leaves are no longer currency, but can be used as barter.

I am not saying that PMs don’t hold some innate value. What i am saying is that my opinion is that it won’t ever act as currency again. I don’t even see a PM backed currency happen because as we all know is if you don’t hold physical, you don’t own it.

We also know that a digital currency is coming. How quickly they will phase it in is the question. The fact that so many people use debit cards and online banking tells me how much easier that phase in will be than most people anticipate.

Once those controls go into place forget PMs as a currency. It may remain a barter item, but only so long as it can’t be excluded from use in fulfilling people’s needs of obtaining what may be required to purchse food, shelter, food, and the payment of taxes.

I am fine with people holding a different opinion. People have the right to choose how they spend the money they generate. So long as my taxes don’t go to pay their upkeep IF they find their life preps are insufficient.

China, Russia, all other members of the BRIICS and many of the 39 other countries that want to join are already trading in yuan AND GOLD. I don't think you are keeping up with current events. They already have an internet exchange system to bypass the SWIFT system that has allowed the USA to lord it over the global financial world. China, Russia, and other countries have already set up a gold backed blockchain exchange system and tested it successfully. Those countries, and some of our "allies' like Japan are selling off their RESERVES of US treasuries and buying massive amounts of gold, and silver. Many countries are no longer using the US dollar as a System of Exchange.

Russia has stated publicly that THEIR GLOBAL SYSTEM will be run with a basket of THEIR CURRENCIES and another basket based on commodities with GOLD freely traded as backing. Good old fashioned supply and demand. Capitalism in a more pure sense and not crony capitalism like we have.

The majority of the world (largest groupings of population, holders of most of the commodities) have and are creating their own system and are excluding the USA and Europe.

China has cancelled many wheat, rice, soybean contracts with the USA and Canada (and I think Australia) and are buying those elsewhere, and not using American dollars to do it. WHAT do we import compared to what we export? What will be the ratio in a year or two when the rest of the world are banding together, right now, to cut us off?

It's happening right now. It is no longer "when China dumps our treasuries, they can really hurt us". They are doing it, now. And they have been working on it for several years and BUYING GOLD and SILVER.

We can't defeat Russia and China, Iran and India, militarily. We can destroy them, and get destroyed in return. They have better weapon systems than we do. One hypersonic weapon with an EMP can disable an entire fleet. The world is no longer LETTING US BULLY THEM AROUND AND FORCE THEM TO USE US DOLLARS.

You just don't get how big this is. This isn't tomorrow, this is right now. It's happening. Countries ARE selling their oil or corn, or iron ore to China and then going to Shanghai and getting payment in GOLD. It has been happening for two years now.

Will the world go back to using ONLY gold and silver as "money"? Probably not. But the new system IS using gold and silver, and other REAL things as "money"; with nary a single US dollar in sight. Could the world use gold/silver coinage as money again? Yes they could, with a revaluation of the metals; use them AND blockchain. You just don't get it, other countries DO use the metals as money.

Imagine two years from now when no country other than maybe Europe, or maybe Canada will take US dollars for anything at all; and we export very little because the world has moved on and can get corn and wheat elsewhere, and you need a car part and some one in China, or Indonesia, or South Korea says "sure, we can do that. got any gold?" That is ALREADY happening, it just isn't universal, yet.

The US and European press is not telling you or me any of this. They are paid not to, and most of them have no idea either.

The world going digital? Sure. Until the currency collapses and more if not most of our banks fail. Then your "credit" card won't work because no one will be extending, or have, the "credit" to extend.

 

[West]

Gold finished up 38.10. Silver up 38 cents

$38 bucks, that will still buy a nice steak in most dives.

.38 cents, in 1964 that would be about $10 bucks in silver today.

Not great, not bad, and I'll take it.
Just musing

 

[Kathy in FL]

China, Russia, all other members of the BRIICS and many of the 39 other countries that want to join are already trading in yuan AND GOLD. I don't think you are keeping up with current events. They already have an internet exchange system to bypass the SWIFT system that has allowed the USA to lord it over the global financial world. China, Russia, and other countries have already set up a gold backed blockchain exchange system and tested it successfully. Those countries, and some of our "allies' like Japan are selling off their RESERVES of US treasuries and buying massive amounts of gold, and silver. Many countries are no longer using the US dollar as a System of Exchange.

Russia has stated publicly that THEIR GLOBAL SYSTEM will be run with a basket of THEIR CURRENCIES and another basket based on commodities with GOLD freely traded as backing. Good old fashioned supply and demand. Capitalism in a more pure sense and not crony capitalism like we have.

The majority of the world (largest groupings of population, holders of most of the commodities) have and are creating their own system and are excluding the USA and Europe.

China has cancelled many wheat, rice, soybean contracts with the USA and Canada (and I think Australia) and are buying those elsewhere, and not using American dollars to do it. WHAT do we import compared to what we export? What will be the ratio in a year or two when the rest of the world are banding together, right now, to cut us off?

It's happening right now. It is no longer "when China dumps our treasuries, they can really hurt us". They are doing it, now. And they have been working on it for several years and BUYING GOLD and SILVER.

We can't defeat Russia and China, Iran and India, militarily. We can destroy them, and get destroyed in return. They have better weapon systems than we do. One hypersonic weapon with an EMP can disable an entire fleet. The world is no longer LETTING US BULLY THEM AROUND AND FORCE THEM TO USE US DOLLARS.

You just don't get how big this is. This isn't tomorrow, this is right now. It's happening. Countries ARE selling their oil or corn, or iron ore to China and then going to Shanghai and getting payment in GOLD. It has been happening for two years now.

Will the world go back to using ONLY gold and silver as "money"? Probably not. But the new system IS using gold and silver, and other REAL things as "money"; with nary a single US dollar in sight. Could the world use gold/silver coinage as money again? Yes they could, with a revaluation of the metals; use them AND blockchain. You just don't get it, other countries DO use the metals as money.

Imagine two years from now when no country other than maybe Europe, or maybe Canada will take US dollars for anything at all; and we export very little because the world has moved on and can get corn and wheat elsewhere, and you need a car part and some one in China, or Indonesia, or South Korea says "sure, we can do that. got any gold?" That is ALREADY happening, it just isn't universal, yet.

The US and European press is not telling you or me any of this. They are paid not to, and most of them have no idea either.

The world going digital? Sure. Until the currency collapses and more if not most of our banks fail. Then your "credit" card won't work because no one will be extending, or have, the "credit" to extend.

I have my opinion and you are certainly allowed yours. I consider the digital dollar the bigger gorilla in the room and the greater potential to screw everyone over. We already deal with more of the banking flotsam than most people simply due to the nature of our business and the kind of investments we have. There are people saying those in control of the financial world are evil, we know they are.

Digital is already here, just not as a mandated currency. People who only receive paychecks digitally. People who can only get their social security digitally. EBT cards. Those of us who already understand the problems getting cash into the banks and how they are stopping that ... not trying, they are by limiting and phasing it out. Companies no longer accepting cash payments including municipal utilities, car payments, home loan payments, property taxes, etc. Did you know there are places and restaurants in places like Nashville, TN that you can't spend cash to pay for a ticket or order food? If, today, you can't take cash to go pay a bill at a bank, utility company, etc. then you are not going to be able to pay those bills with physical PMs. You are going to have to be able to get that physical PM into the municipal currency system. If you can, then you are good. If you can't, due to some type of governmental interference, you are going to be in trouble if you are only relying on PMs.

Frankly history is history. It has its place, but the enemy has learned from it and now has a different plan. Unfortunately, that is how I see it happening because I am seeing it already happening.

 

[Johnny Twoguns]

$38 bucks, that will still buy a nice steak in most dives.

.38 cents, in 1964 that would be about $10 bucks in silver today.

Not great, not bad, and I'll take it.
Just musing

$2377 peak today? That is what? EIGHT all time high records in US dollars for gold in the last two months?

Something is going on. Something big. AND, buyers are demanding physical; they are no longer playing the paper game. The immutable and eternal laws of supply and demand are breaking down the crony capitalism fraud at the Comex. Another couple of months of this and the Comex/LBMA paper system may just crash for good.

 

[Johnny Twoguns]

I have my opinion and you are certainly allowed yours. I consider the digital dollar the bigger gorilla in the room and the greater potential to screw everyone over. We already deal with more of the banking flotsam than most people simply due to the nature of our business and the kind of investments we have. There are people saying those in control of the financial world are evil, we know they are.

Digital is already here, just not as a mandated currency. People who only receive paychecks digitally. People who can only get their social security digitally. EBT cards. Those of us who already understand the problems getting cash into the banks and how they are stopping that ... not trying, they are by limiting and phasing it out. Companies no longer accepting cash payments including municipal utilities, car payments, home loan payments, property taxes, etc. If, today, you can't take cash to go pay a bill at a bank, utility company, etc. then you are not going to be able to pay those bills with physical PMs. You are going to have to be able to get that physical PM into the municipal currency system. If you can, then you are good. If you can't, due to some type of governmental interference, you are going to be in trouble if you are only relying on PMs.

Frankly history is history. It has its place, but the enemy has learned from it and now has a different plan. Unfortunately, that is how I see it happening because I am seeing it already happening.

I was the head I.T. guy at the largest center (for what we did) for one of the Big Five banks. Going completely digital/blockchain is a very complicated system. It is not simply a matter of converting the debit/credit card system to blockchain. The credit card system took decades to develop. Every bank and financial system have their own software that then converts to the SWIFT and ACH systems. The banks are not compatible with each other. SWIFT is not compatible with CHIPS. Which means at some point, your Visa probably won't work or be accepted in, say China, or Egypt, or Japan.

As for PMs, maybe you will, maybe you won't be able to go to a farmer's market and get a bag of potatoes for a silver dime. But someone is always willing to get as much silver or gold as they can. all over the world. That will work itself out.

I agree with HFCOMMs, when the big credit breakdown happens you won't be paying bills with PMs. You won't be paying bills at all maybe. It might and probably will get that bad. But most likely not all at once.

TPTB will try to go CBDC and almost certainly Universal Basic Income to try and keep their necks from getting stretched when the masses start to starve. Just more hyperinflation and the last gasps of a dying system.

I for one am firmly convinced that PM's will continue to go up and at some point will hyper inflate, for a while. Maybe for years. And I am basing that on what I think I've learned from a study of history including some financial history of fiat systems and financial manias, war, plague, religious madness, and chaos. At that point it will all depend on luck, and how good you are at horse trading when there are no more manipulated systems telling you what THEY think a horse is worth.

Just my opinion.

Anyway, be well and bonne chance.

 

[Southside]

At the end of the Vietnam war there were many Vietnamese that became immigrants here.
How were they able to leave? PAY GOLD. Many did.

 

[Southside]

CNN says go for the GLD; physical is too much bother:

https://www.cnn.com/videos/economy/2024/04/09/suze-orman-finances-gold-bars-costco-inflation-economy-ebof-vpx.cnn

In the early days of CNN, the advertisement for CNN just said:

TRUST CNN.

Kinda funny, in retrospect.

 

[hiwall]

My wife said the regular noon news had a segment about Costco selling over $200 million in gold bars last month.

 

[Johnny Twoguns]

In the early days of CNN, the advertisement for CNN just said:

TRUST CNN.

Kinda funny, in retrospect.

"WELCOME TO CNN"
"THE MOST TRUSTED NAME IN BROADCASTING"

and for a long time they more or less were

 

[Great Northwet]

Johnny Twoguns and Kathy in Fl have differing opinions and I respect both of them. They know more than I do, and I know quite a bit.

It's sort of fun to be a contrarian investor as I hold shiny stuff and crypto, as well as traditional investments. The interesting point to me is that if either one of you is more than half right, I'm going make out pretty well in the next few years.

The one thing that does bother my is the (possible) forcible push to CBDC's on the general public. If that happens it will change banking forever because many people just won't need a bank anymore with peer-to-peer transactions. And in turn foster black markets as I have explained on other threads.

That's where having some shiny stuff to trade with becomes important.

 

[West]

I was the head I.T. guy at the largest center (for what we did) for one of the Big Five banks. Going completely digital/blockchain is a very complicated system. It is not simply a matter of converting the debit/credit card system to blockchain. The credit card system took decades to develop. Every bank and financial system have their own software that then converts to the SWIFT and ACH systems. The banks are not compatible with each other. SWIFT is not compatible with CHIPS. Which means at some point, your Visa probably won't work or be accepted in, say China, or Egypt, or Japan.

As for PMs, maybe you will, maybe you won't be able to go to a farmer's market and get a bag of potatoes for a silver dime. But someone is always willing to get as much silver or gold as they can. all over the world. That will work itself out.

I agree with HFCOMMs, when the big credit breakdown happens you won't be paying bills with PMs. You won't be paying bills at all maybe. It might and probably will get that bad. But most likely not all at once.

TPTB will try to go CBDC and almost certainly Universal Basic Income to try and keep their necks from getting stretched when the masses start to starve. Just more hyperinflation and the last gasps of a dying system.

I for one am firmly convinced that PM's will continue to go up and at some point will hyper inflate, for a while. Maybe for years. And I am basing that on what I think I've learned from a study of history including some financial history of fiat systems and financial manias, war, plague, and chaos. At that point it will all depend on luck, and how good you are at horse trading when there are no more manipulated systems telling you what THEY think a horse is worth.

Just my opinion.

Anyway, be well and bonne chance.

Good post.

 

[Great Northwet]

Further-to-mention, I am in the process of closing my single remaining bank account this week and moving funds into a second credit union which is offering a 7% interest rate on checking/savings. I liked the bank just fine, but the interest was 0% for years. This is what happens when the Fed raises rates enough-The CU's know that they can steel customers from the banks by offering teaser rates that the banks are unwilling to match. I opened the second account a few weeks ago and now just changing the cc#'s for auto bill pay, etc.

Goodbye banks!

 

[von Koehler]

Here's some more thread drift regarding food, but hey, it's my thread so I figure I can drift away ;-)

There have been several threads regarding food storage and the space it occupies. I will offer one suggestion to store a lot of food in minimal space: Buy white rice and large containers of brown gravy mix. White rice doesn't take up much space considering the amount of food it represents. No, I'm - obviously - not suggesting that anyone only eats white rice, but will note that it goes well with a wide variety of other foods and will help to stretch your other food supplies. When combined with brown gravy (or other condiments) it can almost make a tasty meal by itself.

One of the most important aspects of food consumption is that the diner feels full after the meal. A skimpy, but otherwise healthy meal will leave the diner still feeling hungry and unsatisfied. In a survival situation this can lead to poor morale and possibly even people stealing food. Rice, corn meal (or grits), mashed potatoes, pasta and similar foods can provide the bulk that leaves people feeling full after eating. Similarly, dried beans - though taking up more room - are nutritious and provide bulk.

I'm originally from New Orleans and grew up on Creole and Cajun cooking. It spoiled me in that I always want tasty foods. To this end, (lots of) condiments, gravy mixes and spices are an essential part of our food preps. There have been documented cases of people starving because they didn't like the taste of food that was available. This is known as food fatigue and it's a real issue. I advise everyone to learn to cook tasty, simple meals and learn to use spices to good advantage.

Lastly, I rarely see preppers talk about storing a substantial supply of multivitamins with their food preps. If your diet is suddenly reduced to simpler foods, vitamins can be a very important part of your preps.

Best
Doc

To confirm one of the key points concerning "food fatigue" during the Great Hunger of the Irish famine, America sent boatloads of corn meal to Ireland.

Unfortunately, this was a largely unknown food to the Irish and they just didn't know how to prepare it. They also had no taste for it. Cornmeal was a failure as a relief food during the famine.

 

[von Koehler]

China, Russia, all other members of the BRIICS and many of the 39 other countries that want to join are already trading in yuan AND GOLD. I don't think you are keeping up with current events. They already have an internet exchange system to bypass the SWIFT system that has allowed the USA to lord it over the global financial world. China, Russia, and other countries have already set up a gold backed blockchain exchange system and tested it successfully. Those countries, and some of our "allies' like Japan are selling off their RESERVES of US treasuries and buying massive amounts of gold, and silver. Many countries are no longer using the US dollar as a System of Exchange.

Russia has stated publicly that THEIR GLOBAL SYSTEM will be run with a basket of THEIR CURRENCIES and another basket based on commodities with GOLD freely traded as backing. Good old fashioned supply and demand. Capitalism in a more pure sense and not crony capitalism like we have.

The majority of the world (largest groupings of population, holders of most of the commodities) have and are creating their own system and are excluding the USA and Europe.

China has cancelled many wheat, rice, soybean contracts with the USA and Canada (and I think Australia) and are buying those elsewhere, and not using American dollars to do it. WHAT do we import compared to what we export? What will be the ratio in a year or two when the rest of the world are banding together, right now, to cut us off?

It's happening right now. It is no longer "when China dumps our treasuries, they can really hurt us". They are doing it, now. And they have been working on it for several years and BUYING GOLD and SILVER.

We can't defeat Russia and China, Iran and India, militarily. We can destroy them, and get destroyed in return. They have better weapon systems than we do. One hypersonic weapon with an EMP can disable an entire fleet. The world is no longer LETTING US BULLY THEM AROUND AND FORCE THEM TO USE US DOLLARS.

You just don't get how big this is. This isn't tomorrow, this is right now. It's happening. Countries ARE selling their oil or corn, or iron ore to China and then going to Shanghai and getting payment in GOLD. It has been happening for two years now.

Will the world go back to using ONLY gold and silver as "money"? Probably not. But the new system IS using gold and silver, and other REAL things as "money"; with nary a single US dollar in sight. Could the world use gold/silver coinage as money again? Yes they could, with a revaluation of the metals; use them AND blockchain. You just don't get it, other countries DO use the metals as money.

Imagine two years from now when no country other than maybe Europe, or maybe Canada will take US dollars for anything at all; and we export very little because the world has moved on and can get corn and wheat elsewhere, and you need a car part and some one in China, or Indonesia, or South Korea says "sure, we can do that. got any gold?" That is ALREADY happening, it just isn't universal, yet.

The US and European press is not telling you or me any of this. They are paid not to, and most of them have no idea either.

The world going digital? Sure. Until the currency collapses and more if not most of our banks fail. Then your "credit" card won't work because no one will be extending, or have, the "credit" to extend.

The Russian ruble is almost worthless and they are forced to buy needed items with payments in gold bars.

 

[Great Northwet]

To confirm one of the key points concerning "food fatigue" during the Great Hunger of the Irish famine, America sent boatloads of corn meal to Ireland.

Unfortunately, this was a largely unknown food to the Irish and they just didn't know how to prepare it. They also had no taste for it. Cornmeal was a failure as a relief food during the famine.

As far as I know, corn was foreign to Europe, so everywhere it went they did something different with it. The English made cornbread. In Spain they made Polenta. I have no idea what happened in Italy, Germany, etc. Are corn chips a product of the US, or Mexico?

 

[shane]

Wow, look at the PM's tonight, really catching a bid...

https://www.kitco.com/chart-images/images/live/gold.gif

https://www.kitco.com/chart-images/images/live/silver.gif

Panic Early, Beat the Rush!
- Shane

 

[Reasonable Rascal]

Further-to-mention, I am in the process of closing my single remaining bank account this week and moving funds into a second credit union which is offering a 7% interest rate on checking/savings. I liked the bank just fine, but the interest was 0% for years. This is what happens when the Fed raises rates enough-The CU's know that they can steel customers from the banks by offering teaser rates that the banks are unwilling to match. I opened the second account a few weeks ago and now just changing the cc#'s for auto bill pay, etc.

Goodbye banks!

I'm jealous. We only get 3.2% on the first $25K, and then I believe 0.4% over that.

RR

 

[alchemike]

Holy shit. This is a 17 year chart.

 

[Great Northwet]

I'm jealous. We only get 3.2% on the first $25K, and then I believe 0.4% over that.

RR

gesa.com 7% on checking-

 

[Reasonable Rascal]

Ahh, limited to the first $5K.

I also only have to use the debit card 10x per month. Its a hassle but 10X $1 at the pump gets me what I need and as much as $85/month interest on the entire account. Even at near the $25K only it is over$60/month, less my $10 expenditure.

RR

 

[Johnny Twoguns]

The Russian ruble is almost worthless and they are forced to buy needed items with payments in gold bars.

Let me know when they are in debt 36 trillion+, with an additional 175 trillion in unfunded liabilities like the military, medicare, fed gov, ssecurity and all the rest. Then maybe I'll believe all the trash talk about Russian finances, and how at this late date some still think they are loosing the war.

 

[Kathy in FL]

Johnny Twoguns and Kathy in Fl have differing opinions and I respect both of them. They know more than I do, and I know quite a bit.

It's sort of fun to be a contrarian investor as I hold shiny stuff and crypto, as well as traditional investments. The interesting point to me is that if either one of you is more than half right, I'm going make out pretty well in the next few years.

The one thing that does bother my is the (possible) forcible push to CBDC's on the general public. If that happens it will change banking forever because many people just won't need a bank anymore with peer-to-peer transactions. And in turn foster black markets as I have explained on other threads.

That's where having some shiny stuff to trade with becomes important.

Assuming the system allows it into the process cycle. While I hold PMs, I'm planning as if I'll never get their value in my lifetime. They will be a wealth transfer vehicle and hopefully survive within the family until such a time as they can become useful. Since we already live in a world where cash is being forced out of the system and replaced with plastic cards, where even those that allow cash deposits are seeing those deposit amounts strictly limited, and where now transfers of wealth between banks are not allowed (you can't transfer business account to business account except within the same bank), I only foresee more and more restrictions and interference in the wealth transfer process which is really what people are talking about when they mention PMs being currency or even barter vehicles.

What that means is that people are going to have to have a foot in two (or more) worlds, all of which will be restricted by the people that control them. A foot in government controlled currency to receive things like social security payments and pay things like utilities and fuel and repair parts and taxes. Potentially a foot in the black markets which are controlled by the sellers, not the buyers. The barter market which is controlled by whether what you are bartering can be transferred in such a way that it doesn't bump up against the government-controlled markets. Where PMs fall in that will be determined by how much interference is generated by which market.

 

[von Koehler]

Let me know when they are in debt 36 trillion+, with an additional 175 trillion in unfunded liabilities like the military, medicare, fed gov, security and all the rest. Then maybe I'll believe all the trash talk about Russian finances, and how at this late date some still think they are loosing the war.

This is NOT trash talk but financial reality. The ruble trades at about one Ruble equals one American penny. Few countries will accept them as payment for anything. Even Russia's trading partners will not accept them. Russia has been forced to barter for what they need and pay in either crude oil or gold bullion.

Both India and China have demanded harsh trading terms. Crude oil is valued at a steep discount. The price paid is just above Russia's cost of production.

Putin's war of aggression is destroying the Russian economy.

 

[Hfcomms]

Holy shit. This is a 17 year chart.

View attachment 469656

This is actually getting quite scary. They are losing control, the wheels are coming off the bus and something is getting ready to break.

Spot might be sniffing that Iran and Israel is getting ready to go hot and the escalation will embroil the whole mideast.

 

[naegling62]

Ever wanted to know what booming PM’s felt like? Well, it’s scary.

 

[winodog]

Apr 12, 2024 6:36 AM NY Time​

Gold Bid/Ask
2,399.202,400.20
+++++++++++++
Silver 29.10+0.81

 

[Kathy in FL]

I was the head I.T. guy at the largest center (for what we did) for one of the Big Five banks. Going completely digital/blockchain is a very complicated system. It is not simply a matter of converting the debit/credit card system to blockchain. The credit card system took decades to develop. Every bank and financial system have their own software that then converts to the SWIFT and ACH systems. The banks are not compatible with each other. SWIFT is not compatible with CHIPS. Which means at some point, your Visa probably won't work or be accepted in, say China, or Egypt, or Japan.

We've been in a few meetings lately that indicate this is changing due to requirements being imposed by the feds. As well as to address the rising fraud problems when people's routing numbers are obtained.

 

[Southside]

Holy shit. This is a 17 year chart.

View attachment 469656

Clearly, something went "BOOM!"

 

[CaryC]

Short message start of trading in Japan/China 2406.00.

GODL! Precious Metal Soars Above $2,400 After Sudden Gap Higher | ZeroHedge

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

www.zerohedge.com

 

[Southside]

Well, at least we didn't have to wait till the end of the year for $2,400

 

[CaryC]

That was a pretty good post, thanks for the info. Concerning:

There is a lot of game in the woods

That is generally the fall back position or plan B for a lot of people. And I get that, it's mine too.

BUT it's not as easy as it looks or people think it is.

1) people have the wrong gun.
2) lack hunting skills.
3) wrong think.

Most people are thinking in a tight spot I can always hunt, and they are thinking Whitetail deer. Which would provide the most meat in a grid down, more bang for the buck sort of thing, but is also one of the hardest animals to hunt and kill.

I'm a good hunter and have been blanked some years. It's totally disgusting.

My son is a great hunter. This year was average for him. 2 does and 2 - 7 points. He's in my old hunting club, and do you know how many other hunters in that club did the same thing? Zero. Do you know how many got one? About 10. And that is it. They hunt 3000 acres.

Even with small game opening day is a bag limit day for squirrels - 8. they learn and get more cagey after that day, and when the leaves come off, you're doing some hard hunting just to get a couple. Rabbits will be even harder since they, like Deer, are nocturnal. Only catch them out early and late. And really need dogs trained for.

And remember the weather plays a big part in hunting. There may be a week or more where you can't hunt due to it.

And don't forget it's not just in the woods either. One year my dad while living Mountain Man style the winter was so cold the river froze over so no fishing, and the animals weren't coming out, plus it was to cold to hunt. So he shot Snow Birds out the window, and made a pie. I'm sure the same would go for Blue Jays, Cardinals, etc...

And also don't forget fish. The way I fish with a pole, I'd starve to death. So for me some kind of net. Or basket.

Just saying being prepared with the right gun, and skills, won't be a walk in the park when it comes to hunting for survival. Even after the first week or so, when non-hunters get blanked and are to weak to hunt and the woods are then left for the rest of us.

But Plan B is defiantly a good plan. If you can work it.

 

[Kathy in FL]

That was a pretty good post, thanks for the info. Concerning:


That is generally the fall back position or plan B for a lot of people. And I get that, it's mine too.

BUT it's not as easy as it looks or people think it is.

1) people have the wrong gun.
2) lack hunting skills.
3) wrong think.

Most people are thinking in a tight spot I can always hunt, and they are thinking Whitetail deer. Which would provide the most meat in a grid down, more bang for the buck sort of thing, but is also one of the hardest animals to hunt and kill.

I'm a good hunter and have been blanked some years. It's totally disgusting.

My son is a great hunter. This year was average for him. 2 does and 2 - 7 points. He's in my old hunting club, and do you know how many other hunters in that club did the same thing? Zero. Do you know how many got one? About 10. And that is it. They hunt 3000 acres.

Even with small game opening day is a bag limit day for squirrels - 8. they learn and get more cagey after that day, and when the leaves come off, you're doing some hard hunting just to get a couple. Rabbits will be even harder since they, like Deer, are nocturnal. Only catch them out early and late. And really need dogs trained for.

And remember the weather plays a big part in hunting. There may be a week or more where you can't hunt due to it.

And don't forget it's not just in the woods either. One year my dad while living Mountain Man style the winter was so cold the river froze over so no fishing, and the animals weren't coming out, plus it was to cold to hunt. So he shot Snow Birds out the window, and made a pie. I'm sure the same would go for Blue Jays, Cardinals, etc...

And also don't forget fish. The way I fish with a pole, I'd starve to death. So for me some kind of net. Or basket.

Just saying being prepared with the right gun, and skills, won't be a walk in the park when it comes to hunting for survival. Even after the first week or so, when non-hunters get blanked and are to weak to hunt and the woods are then left for the rest of us.

But Plan B is defiantly a good plan. If you can work it.

There are also three other issues:

Overhunting

Amateurs running the game out of a given area

Knowing how to process what you do bring in. Most people don’t and lots of meat will be left, just like when rustlers kill a cow in the pasture but only take the easiest to get at meat.

 

[winodog]

BOOM!!
Apr 12, 2024 9:49 AM NY Time
Bid/Ask
2,401.502,402.50
Low/High
2,382.202,404.00
Change
+30.10+1.27%

Silver 29.36+1.08

 

[Loretta Van Riet]

Au $2419

 

[Zoner]

"If you're not prepared to die, you're really not prepared."

Psalm 91 is worth it's weight in gold to those that obtain it.

I've followed Jesse's Café Américain for years and his daily blogging.
I like the spiritual context in which he follows the metals.

 

[Doc1]

Be aware that we are approaching the mania phase.

Gold @ $2405.61

Silver @ $29.37

If you don't already have your stack, it's getting late in the morning.

Best
Doc

 

[summerthyme]

Be aware that we are approaching the mania phase.

Gold @ $2405.61

Silver @ $29.37

If you don't already have your stack, it's getting late in the morning.

Best
Doc

Yep... over the years, people have posted "look at gold! (Or silver). And responses have been... yawn. Let me know when we start seeing $50 (or 50 cent) moves in a day.

We're there.

Summerthyme

 

[emiliozapata]

There are also three other issues:

Overhunting

Amateurs running the game out of a given area

Knowing how to process what you do bring in. Most people don’t and lots of meat will be left, just like when rustlers kill a cow in the pasture but only take the easiest to get at meat.

trapping will be key and other means of stealth meat/fat gathering-

 

[Hfcomms]

$50 to $100 daily moves in gold is coming along with $1 moves in silver. Just remember that this mostly reflects the value of the dollar plummeting and not so much that gold and silver are becoming more valuable. Just wait until this gets the attention of main street. Like the old B.T.O. song ‘you ain’t seen nothing yet.’

I made this comment on the first of April and it’s starting to happen. I’m not any smarter than anyone else but I do know how gold behaves. I’d be much happier with $20 moves up in gold and .25 up in silver a few times a week making steady gains. When gold and silver (paper spot futures) start behaving like this something is broken and we may see it as soon as after the markets close tonight.

 

[doctor_fungcool]

Well put.....however IMHO we ain't seen nothing yet. The MANIC phase of precious metals has yet to unfold. Soon a goldwill see backedwe currency will challenge our reserve currency status.

When the stock market heaves up a hairball...and the real inflation numbers are printed...A COME TO JESUS MOMENT will appear. At that time we could see a collapse of biblical proportions