ECON Gold and Silver news

[Johnny Twoguns]

I generally agree…but i dont see everything impolding until the usa can no longer finance their massive deficits. when that happens it is lights out. in the meantime politicians do not care at all and will just hand out $$$. until they cant. .

Yes. Most of the politicians are DS, and they think they will rule without the annoyance of voters or elections when things collapse. Jim Willie, goofy as he can be, does come up with numbers. Most the US Debt sold since Covid has been short term, 2yr bonds, etc. He says about 5 trillion of that is due and payable this year.

The US has to come up with $800 billion per month to carry the debt, they aren't even selling that. The world has stopped buying Treasuries. The information is out now about how many trillions are now needed to carry the USA just through this year; that does not include the 5 trillion due to global bond holders (US Treasuries).

People have been warning about this for decades, and been pooh poohed by those who can't break out of their conditioning and continue, even now, to think the USA is rich and powerful and we just can't fail. Same kind of people who think we can take on Russia mano a mano. We can't.

Well, we are here now. And everything is imploding, but I agree, it isn't obvious because the Fed is printing trillions and trillions. And the crash has been taking forever.

It was not in Russia, Japan, China, and other's best interest for the USA financial system to implode and totally crash. Now after 3 years of the USA being run literally by insane people, trans, lgbqetc, blm, antifa, tearing down beloved statues, our history being destroyed, corruption as bad and worse as any in history, mutilating children, etc etc; the USA is now viewed as a mad insane green and pink haired homosexual dog wallowing in child abuse, human trafficking's, satanism, massive drug use........... and much of Europe is viewed in the same way.

We are going down, we are sinking now. Will it be this year? I think so. Will it be this month of March? I think it will be serious enough in March and April that it can no longer be hid from the masses. Any one with a brain around the world, and who have been interested in these matters, they already know and are just watching the clock click down. It is hitting the masses in the USA now.

 

[ssbn642blue]

I generally agree…but i dont see everything impolding until the usa can no longer finance their massive deficits. when that happens it is lights out. in the meantime politicians do not care at all and will just hand out $$$. until they cant. .

The USA can't finance the Debt. We ask the Reserve bank for 300 Billion, the Reserve bank prints it and gives it to the US Treasury, who then gives it to the US Government to spend. And We The People are being taxed out of oblivion trying to pay the damn interest of the Fu4k!%g loan to the US Treasury.

The US has been bankrupt since 1913, there-for the creation of the Federal Reserve Bank. Shhh, ( the Federal Reserve Bank is a private enterprise and has nothing to do with the US Government). I love my Country, but hate my Go.....ment.

 

[alchemike]

Forgive me Doc for the Drift:

Sheesh.... Bitcoin is only up 197% over the last year.

bitcoin is like silver and gold. If you don't hold it you don't own it. Bitcoin must be stored in a "cold wallet" device, right next to your gold and silver in your safe.

YMMV, save your anti bitcoin rants for some one else.

Everyone will get Bitcoin for the price they deserve.

When the ETFs were approved, the Bitcoin gold rush began. It will last years, as the most secure and sound money in human history EATS all other assets.

A lot of people did not expect Bitcoin to get back to ATH territory with Fed Funds at 5.33% and the average mortgage rate at 7.27%...
It was a speculative, zero-interest rate, easy money phenomenon, they said...

Boy do I have news for you...

 

[alchemike]

ALL assets are speculative except for Bitcoin.

That’s because the banksters, financial clowns and their political shills made the whole damn world into speculative assets.

Take back your right to own something they cannot f*ck with.

 

[Johnny Twoguns]

A lot of Neveau-riche came out of the Depression. People who were barely "middle class" but still had money would buy from people that only had things to sell. As the economy improved they had the assets and/or contacts to invest in up and coming markets and technologies and after WW2 those same families became the movers and shakers, many of whom continue to operate behind the scenes today.

Yes, that is true, however everything was very different then.. The country was united. A dollar was a dollar. The USA were filled with savers. Majority lived in rural America, they grew their own food. Credit didn't exist back then like it does today; most Americans were not in debt. Most were not in the Stock Market so they were not immediately destroyed in 1929, their destruction took place over years. Most Americans if they had land, they owned the land. Nobody was handing out mortgages like cotton candy like it has been for decades in our lives.

Yes, there were many nouveau riche; those that had cash. Because cash back then wasn't toilet paper like it is today.

Everything is different today.

Take the dollar and those nouveau riche back then. In 1929 a US $1 had the purchasing power that it takes $17.79 dollars today. You can get the stats on any of the Fed Inflation Calculators on their sites. Looked at another way a 2023 $1 was worth $0.06 in 1929. Shows how little the dollar and assets are worth today compared to then. Today almost everyone is in the stock market whether they know it or not. One example, your insurance company is heavily invested in the stock market. They go down your life insurance polity goes down. Got a pension? It's entire 'value' is in the stock market, money market funds, etc. That crashes, you crash.

Very few know that millions lost the land they had owned during the Depression because they couldn't come up with $10 to pay the land taxes. Yes, it was that bad. It's good you have some PM's. Taxes may not be an issue for you. Rafi, correct or not thinks that when the End Game is HERE, you will or may be able to get a house for 78 oz of silver. He points out in Weimar Germany young American students were buying entire blocks of houses for a few oz of gold.

For all the scoffers who mock PM's? because they have other "assets". Oh well. What are your current property taxes? Bet it isn't just $100. And if assets really do crash? And the dollar becomes even more worthless, yet your local gov is more desperate for land tax money like never before and you can't get any kind of job anywhere because most are gone?

Everyone I follow agrees that when the crash comes it will be a hyperinflationary depression. Things you need will inflate (yeah like now only much worse), like food, rent, utilities. Every asset people own will crash and depress. For a while some cryptos will be valuable; my thinking is you need to dump most if and when you can to prepare best you can for when people do not take dollars for anything. The super rich think they are going to scoop up everything. I don't know. I think there is going to be a revolution and the old webbot projection of bankers hanging from lampposts will come true. I didn't understand what might drive that kind of hatred, since most of my adult life I had no issue getting loans; now I have a much better understanding. The same WILL apply to the super rich if they get caught. Especially once the reality of the plannedemic sinks in.

Go get one of the Fed calculators, here's one: Inflation Calculator | Federal Reserve Bank of Minneapolis

Plug in what you figure your net worth is today, at the top line, put in the year 2023. On the bottom choose the year 1929 and hit calculate. That is what your highly inflated assets today (we've been in hyper inflation for decades as the dollar depreciated in purchasing power all our lives) would have been worth in 1929.

However, the DOLLAR did not crash in 1929, and it didn't really crash during that Depression; people just couldn't get any or enough. Today the dollar is paper junk and so are the values of most of the assets people think are keeping them safe right now.

Here is a guy from YT called thisisjohnwilliams; real estate I think. First podcast of his I've seen, and it's short, but I think it's worth while; in fact because it is short and fast, and brutal, I think I'll watch another one. Oh yeah, one more thing, in 1929 the USA was the light and hope of much of the world; today we are despised and hated by most of the world. Back then the world was desperate for American dollars. Today they are dumpling them by the billions (maybe trillions?).

Big diff and that is going to really hurt in the next few years.

View: https://www.youtube.com/watch?v=z1LBrPS_Uzk

 

[Johnny Twoguns]

ALL assets are speculative except for Bitcoin.

That’s because the banksters, financial clowns and their political shills made the whole damn world into speculative assets.

Take back your right to own something they cannot f*ck with.

Hate to shock you but it's already been fxxked with. Billions have been lost, stolen and confiscated. Banks, many are now refusing to let people deal with it. Check out jsnip4 on YT, crypto multi millionaire.

I'm an old computer guy. Bitcoin is NOTHING but greed, speculation, criminal activity, and fear. When the real crash comes very few people will be on the internet. Maybe locally, but it takes a LOT of high tech expertise and MONEY by the the hundreds of billions to keep the modern internet up and running with tens of thousands of fiber hubs here there and everywhere. I was the IT guy for a site for one of the big five. We were a contract company and the biggest one for that bank including there own in our line of expertise. We employed 1200 people at my site alone. One of our sister sites back east (the Big Five bank had 3 of our sites totally dedicated to them) had an outside fiber line cut by some construction company and it brought down a major part of the bank's work for them. They didn't have a redundant, totally separate fiber line using a different traffic path. Boy did the shit hit the fan over that. Now who still has a land line? No one? No more dial up modems?

When cell phone companies start dying....... When internet service providers start dying...........

I know how fragile the computer network system is, and it is much worse with all the mass storage depending on companies like Amazon instead of companies having their own server farms, networks, IT staff, etc. What happens if Amazon dies? Or becomes very undependable for years? Tens of thousands of companies now totally dependent on Amazon. Yeah, that is the reality in 2024.

All the cryptos have the same intrinsic value of your local memory stick. If you lose electricity that memory stick has the value of squat. You can't dump it into a bucket of milk to kill germs. You can't pound it into jewelry. Sorry, and I may be totally wrong on this, but if it comes to local barter, if all banks have failed, people don't have greenbacks and won't take them anyway, and any business is still running are local farm markets and flea markets, I just don't think a memory stick with some crypto on it will be worth much. And if the internet is down and hasn't been up for months or years, how are you going to prove your memory stick has a real crypto on it?

Yeah, maybe it might in ten years while the economy rebuilds, IF someone overseas or in Canada or Mexico are still using it (btw, Canada HAS fallen apart, it's worse than here).

My feelings on cryptos is that when they continue to go super vertical, best use some. As woo woo dude says, lick the damn ice cream now and then. I agree it is great speculation and you can "trade it" now for worthwhile things, but when the BIG CRASH happens a lot of those things will be worth a lot less. When, IF, the internet goes down, or banks and crypto companies fail, I can easily see bitcoin and all the rest becoming what they really are, tiny bits of electricity on a chip.

Because if things get as bad as some like Bill Holter, and Rafi Farber think, there may come a time when bitcoin won't be worth shit were you need it most, locally.

(edited for clarity)

 

[Thunderdragon]

The USA can't finance the Debt. We ask the Reserve bank for 300 Billion, the Reserve bank prints it and gives it to the US Treasury, who then gives it to the US Government to spend. And We The People are being taxed out of oblivion trying to pay the damn interest of the Fu4k!%g loan to the US Treasury.

The US has been bankrupt since 1913, there-for the creation of the Federal Reserve Bank. Shhh, ( the Federal Reserve Bank is a private enterprise and has nothing to do with the US Government). I love my Country, but hate my Go.....ment.

To be clear. Yes. They make everyone buy it one way or another. Banks. Insurance cos. Pension funds. Foreign governments. Again. Someday it will not work…but I have been underestimating the bastards since the mid 1990’s. They seem to always come up with some trick or sleight of hand.

 

[Johnny Twoguns]

The USA can't finance the Debt. We ask the Reserve bank for 300 Billion, the Reserve bank prints it and gives it to the US Treasury, who then gives it to the US Government to spend. And We The People are being taxed out of oblivion trying to pay the damn interest of the Fu4k!%g loan to the US Treasury.

The US has been bankrupt since 1913, there-for the creation of the Federal Reserve Bank. Shhh, ( the Federal Reserve Bank is a private enterprise and has nothing to do with the US Government). I love my Country, but hate my Go.....ment.

Ditto. And everyone that supports the mass corruption and EVIL. There is real, objective EVIL running this country.

 

[Great Northwet]

Fascinating thread to read during the day, and I thought I was smart about all this stuff.

It's interesting how PM's and BTC seem to move in the same direction and at the same time. BTC seems to react to news but PM's react to fundamentals/Inflation and fear.

Being a contrarian investor, naturally I hold both. There used to be a website like Ebay where you could turn your BTC into AU and take physical possession, then later turn it into cash. I wonder if anything like that still exists? And yes, I keep the receipts and pay capital gains taxes.

 

[Barry Natchitoches]

Forgive me Doc for the Drift:

Sheesh.... Bitcoin is only up 197% over the last year.

bitcoin is like silver and gold. If you don't hold it you don't own it. Bitcoin must be stored in a "cold wallet" device, right next to your gold and silver in your safe.

YMMV, save your anti bitcoin rants for some one else.

This is not meant as a critisizm or a rant.

But it seems to me that bitcoin has a limited audience.

Alot of people are like me.

I do not understand the whole bitcoin thing. I do, however, understand silver, gold, food, water, and lead.

so I am going to invest my limited resources in things more tangible than bitcoin. Things I understand.

And I feel sure I am not alone in feeling this way.

This is just my humble opinion, of course.

You are free to disagree with me, and remain my friend.

 

[doctor_fungcool]

Yes we are in a recession...and shortly a real honest to goodness DEPRESSION will move us into a years long DOWNTURN

To those who that purchased PM"s in the past... I commend you. Although the hour and the day are passing quickly..there still may be a bit of time left ...maybe


Here's a song from the great depression


They used to tell me I was building a dream
And so I followed the mob
When there was earth to plow or guns to bear
I was always there right on the job
They used to tell me I was building a dream
With peace and glory ahead
Why should I be standing in line
Just waiting for bread?
Once I built a railroad, I made it run
Made it race against time
Once I built a railroad, now it's done
Brother, can you spare a dime?
Once I built a tower up to the sun
Brick and rivet and lime
Once I built a tower, now it's done
Brother, can you spare a dime?
Once in khaki suits, gee we looked swell
Full of that yankee doodly dum
Half a million boots went sloggin' through hell
And I was the kid with the drum
Say, don't you remember, they called me Al
It was Al all the time
Why don't you remember, I'm your pal
Say buddy, can you spare a dime?
Once in khaki suits, ah gee we looked swell
Full of that yankee doodly dum
Half a million boots went sloggin' through hell
And I was the kid with the drum
Oh, say, don't you remember, they called me Al
It was Al all the time
Say, don't you remember, I'm your pal
Buddy, can you spare a dime?
Source: LyricFind
Songwriters: E. Y. Harburg / Jay Gorney
Brother, Can You Spare a Dime? lyrics © Songtrust Ave, Sony/ATV Music Publishing LLC

---

During the depression real estate will not be viable IMHO....

.

 

[doctor_fungcool]

..when the economic lattice work of CONUS collapses...the world's economic engines will seize up. WHY? Because Uncle Sugar Daddy has .."left the building"
PM'S are inflation proof...portable....and actually a wise choice for those facing these difficult economic circumstances.
"

 

[West]

Just picked up a ounce at least of silver at the Habitat for Humanity resale store. It was sterling junk silver jewelry. Mixed in with some costume jewelry. I paid $15 dollars.

Soon I'll be making a run to the LCS and exchange my junk silver for some ASEs or alike.

Also found another silver dime in the coinstar at Wal-Mart.

Going to make my total almost 3 ounces of silver in the old sock drawer.

 

[Zoner]

The end of civilization as we know it is fast coming to an end. It is the elephant in the room. The financial crash is at the heart of it so it's wise to be prepared with some silver and gold if you can afford it. Most can't at this point. Sure, gold, grub, guns will be helpful as will a good location. But don't forget God. He warned us long ago about the collapse of the world in Revelation 18. It's an important read imho. The sins of this world have indeed reached heaven and everyone can see it.... and judgments are even at the door. We're told in Revelation 18 4x that this world will fall "in one day" and "in one hour". The collapse will happen suddenly. Yes, let's have all the "G"s... but let's make sure we have the One that counts the most.

And here is the warning from James apropos at this time imho:

James 5:1 "Come now, you rich, weep and howl for your miseries that are coming upon you! 2 Your riches are corrupted, and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. 4 Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth. 5 You have lived on the earth in pleasure and luxury; you have fattened your hearts as in a day of slaughter. 6 You have condemned, you have murdered the just; he does not resist you. 7 Therefore be patient, brethren, until the coming of the Lord. See how the farmer waits for the precious fruit of the earth, waiting patiently for it until it receives the early and latter rain. 8 You also be patient. Establish your hearts, for the coming of the Lord is at hand."

 

[doctor_fungcool]

The end of civilization as we know it is fast coming to an end. It is the elephant in the room. The financial crash is at the heart of it so it's wise to be prepared with some silver and gold if you can afford it. Most can't at this point. Sure, gold, grub, guns will be helpful as will a good location. But don't forget God. He warned us long ago about the collapse of the world in Revelation 18. It's an important read imho. The sins of this world have indeed reached heaven and everyone can see it.... and judgments are even at the door. We're told in Revelation 18 4x that this world will fall "in one day" and "in one hour". The collapse will happen suddenly. Yes, let's have all the "G"s... but let's make sure we have the One that counts the most.

Amen brother.

 

[Hfcomms]

Yes we are in a recession...and shortly a real honest to goodness DEPRESSION will move us into a years long DOWNTURN

To those who that purchased PM"s in the past... I commend you. Although the hour and the day are passing quickly..there still may be a bit of time left ...maybe


Here's a song from the great depression


They used to tell me I was building a dream
And so I followed the mob
When there was earth to plow or guns to bear
I was always there right on the job
They used to tell me I was building a dream
With peace and glory ahead
Why should I be standing in line
Just waiting for bread?
Once I built a railroad, I made it run
Made it race against time
Once I built a railroad, now it's done
Brother, can you spare a dime?
Once I built a tower up to the sun
Brick and rivet and lime
Once I built a tower, now it's done
Brother, can you spare a dime?
Once in khaki suits, gee we looked swell
Full of that yankee doodly dum
Half a million boots went sloggin' through hell
And I was the kid with the drum
Say, don't you remember, they called me Al
It was Al all the time
Why don't you remember, I'm your pal
Say buddy, can you spare a dime?
Once in khaki suits, ah gee we looked swell
Full of that yankee doodly dum
Half a million boots went sloggin' through hell
And I was the kid with the drum
Oh, say, don't you remember, they called me Al
It was Al all the time
Say, don't you remember, I'm your pal
Buddy, can you spare a dime?
Source: LyricFind
Songwriters: E. Y. Harburg / Jay Gorney
Brother, Can You Spare a Dime? lyrics © Songtrust Ave, Sony/ATV Music Publishing LLC

---

During the depression real estate will not be viable IMHO....

.

Real estate was viable but in the great depression nobody had any money and landowners couldn’t pay their taxes and lost their property to the bank. What happens when tenants can’t pay the rent and you in turn can’t pay the mortgage or taxes, etc? A good stash of tangibles that can not bankrupt and have no counterparty risk can not only enable you to pay your taxes but also be able to pick up distressed property on the cheap. Real wealth never disappears it just changes hands.

 

[Thunderdragon]

Well…. Let’s go I guess. I do not wish ill on anyone…but if it is going to happen I was hoping to be around and upright so I can help my kids to the other side. Better than being too old to help and a liability. Plus the longer this goes on. The worse it will be.. everyday in the USA it gets worse.

‘unrelated. I just saw New York will pay a years rent to another county in the state who takes refugees from New York City . only 5 counties participated. But since there is really no vacant housing anywhere in USA…more prior tenants will become homeless. Great.

 

[Kathy in FL]

Real estate was viable but in the great depression nobody had any money and landowners couldn’t pay their taxes and lost their property to the bank. What happens when tenants can’t pay the rent and you in turn can’t pay the mortgage or taxes, etc? A good stash of tangibles that can not bankrupt and have no counterparty risk can not only enable you to pay your taxes but also be able to pick up distressed property on the cheap. Real wealth never disappears it just changes hands.

Actually that isn’t completely true. While foreclosures did spike, not everyone lost their real estate. That doesn’t follow logic because not everyone, not even close to everyone, was on the street and homeless.

Yes, it was a terrible experience for some people but all the family that I have researched never had any of that affect them. They never went hungry. They never went homeless. Most were farmers in KY/TN but there were some branches that were in the cities and had jobs that kept them working. The family lost children to diptheria and measles than they did to the Great Depression. Actually had two of my great grandfathers buying more farmland during and immediately after the Great Depression. I did lose one of my great grandfathers in '36 but that was to a farming accident. That same year a flood wiped out more farmers in that area than it did during the Great Depression.

Yes, things are different today but if it is that different then you can't use the examples of the Great Depression and why people lost their properties.

As far as rentals, we had a lot of people doing that during covid. Flat out just wouldn't pay their rent. Government poured money into some communities. Government prevented legal evictions from happening. How many on TB2K continued to pay their mortgages and rents and didn't wind up on the street despite what "everyone" else was doing?

Owning real estate of any kind is the same as prepping. You don't just toss your preps under the porch and expect them to be there when you need them. You take care of them and all of that other yada yada that I shouldn't have to explain to the group here. Responsible financial management of all of your assets, regardless of what they are or what form they are in, is also a prep. You either do it correctly or don't expect it to be there when you need it. And you always have a Plan B, C, and D ... Z for when other people try and screw it up for you; whether by violence or by fraud.

 

[lanningro]

Hate to shock you but it's already been fxxked with. Billions have been lost, stolen and confiscated. Banks, many are now refusing to let people deal with it. Check out jsnip4 on YT, crypto multi millionaire.

I'm an old computer guy. Bitcoin is NOTHING but greed, speculation, criminal activity, and fear. When the real crash comes very few people will be on the internet. Maybe locally, but it takes a LOT of high tech expertise and MONEY by the the hundreds of billions to keep the modern internet up and running with tens of thousands of fiber hubs here there and everywhere. I was the IT guy for a site for one of the big five. We were a contract company and the biggest one for that bank including there own in our line of expertise. We employed 1200 people at my site alone. One of our sister sites back east (the Big Five bank had 3 of our sites totally dedicated to them) had an outside fiber line cut by some construction company and it brought down a major part of the bank's work for them. They didn't have a redundant, totally separate fiber line using a different traffic path. Boy did the shit hit the fan over that. Now who still has a land line? No one? No more dial up modems?

When cell phone companies start dying....... When internet service providers start dying...........

I know how fragile the computer network system is, and it is much worse with all the mass storage depending on companies like Amazon instead of companies having their own server farms, networks, IT staff, etc. What happens if Amazon dies? Or becomes very undependable for years? Tens of thousands of companies now totally dependent on Amazon. Yeah, that is the reality in 2024.

All the cryptos have the same intrinsic value of your local memory stick. If you lose electricity that memory stick has the value of squat. You can't dump it into a bucket of milk to kill germs. You can't pound it into jewelry. Sorry, and I may be totally wrong on this, but if it comes to local barter, if all banks have failed, people don't have greenbacks and won't take them anyway, and any business is still running are local farm markets and flea markets, I just don't think a memory stick with some crypto on it will be worth much. And if the internet is down and hasn't been up for months or years, how are you going to prove your memory stick has a real crypto on it?

Yeah, maybe it might in ten years while the economy rebuilds, IF someone overseas or in Canada or Mexico are still using it (btw, Canada HAS fallen apart, it's worse than here).

My feelings on cryptos is that when they continue to go super vertical, best use some. As woo woo dude says, link the damn ice cream now and then. I agree it is great speculation and you can "trade it" now for worthwhile things, but when the BIG CRASH happens a lot of those things will be worth a lot less. When, IF, the internet goes down, or banks and crypto companies fail, I can easily see bitcoin and all the rest becoming what they really are, tiny bits of electricity on a chip.

Because if things get as bad as some like Bill Holter, and Rafi Farber think, there may come a time when bitcoin won't be worth shit were you need it most, locally.

(edited for clarity)

Once or twice a year I would walk into the main room and declare an emergency, we all kept packed bags in our office. I would hand everyone plane tickets, the lead admin would go to the local bank and get our backup tapes from their vault. We had less than an hour to get our stuff together and be on our way to Syracuse, New York where IBM had our back up site. This was in the 200X's. Don't know what folks do now.

 

[psychgirl]

Gold still high today.

 

[Loretta Van Riet]

$2136!

 

[psychgirl]

$2136!

Maybe I decide todays the day to sell this gold cuff bracelet I don’t wear!

I’ve been waiting for that!

 

[hd5574]

I most likely have a bit of a different view point that most have been pointing out here.....
I live in the same county that my grandmother was born in back in 1870.....yes in the south in Virginia...at that time in history...the country was divided....much like now.....the southern people ..were more or less sub citizens.... similar to things we're seeing now....
My grandmother had passed before I was born but her youngest daughter...began teaching me..
from the time I was young.....she would take me over to the to corner hutch in the dinning room...and open the drawer with her sterling silver ....and tell me it would be mine someday...
Then she would explain that after the war...the people who had sterling were able to survive and those who did not lost most everything...
The Confederate dollar...was worthless...so having ...some gold coins and sterling silver and gold jewelry was the way to survive back then.....it had value ...it still does today
My grandmother had made certain that she had wedding silver....it was a savings account....for her daughter....now it is a savings account for me... she never had children....so is my parent's as I was an only child....my set was started when I was married nearly 50 years ago...the women of the South know you can never have too much silver...
junk coins are 90% silver...sterling is 92.5 and silver eagles are 99.9 fine...
Interesting that the powers that be seem to have no interest in tracking sterling silver or jewelry ...even FDR left sterling silver and gold jewelry alone....
I have no problem with gold and silver coins both old and new...but Bitcoin leaves me cold....
We own our home.. a small piece of ag.. so we are zoned.. for any livestock and even a small business...we have no debt
Just saying a silver letter opener has value..think outside the box ... not just PM's have value...a gold link bracelet has value...one link at a time ...a cuff is harder to divide....
Just the way I was raised... both my aunt and my dad knew men who had fought for the South... different perspective...

 

[Blacknarwhal]

For all the scoffers who mock PM's? because they have other "assets". Oh well. What are your current property taxes? Bet it isn't just $100. And if assets really do crash? And the dollar becomes even more worthless, yet your local gov is more desperate for land tax money like never before and you can't get any kind of job anywhere because most are gone?

What happens?

This happens.

CRIME - Pittsburgh pa, shooting. (botched eviction)

Not sure what's going on. Scanner is lit up but I can't make heads or tails of it. View: https://twitter.com/HarrisonKrank/status/1694377545787916473

www.timebomb2000.com

This is FAFO in its purest form. Those "desperate" local govs will discover the price of desperation, and that right quickly.

No one will pay land taxes with silver. They will be paid in lead, delivered at high speeds. Just sayin.

 

[TedM1911]

Lead and copper are better choices.

 

[Kathy in FL]

I don’t that people or mocking PMs or even scoffing about them. They have their place like anything else. However, my view is that PMs are “lazy”.

They don’t create work, which i find a bit of relief in the puzzle of prepping, but at the same time they lazily sit on the shelf in the safe doing nothing for my day to day income and security. That’s where our PAID OFF and INCOME PRODUCING real estate comes in to our plans. Yes, it is work but the income is far better than working for someone else. Yes there are yearly property taxes and the like but we still have a positive income in addition to the equity of our assets. And yes the equity can go down due to market manipulation but that is similar to PMs. And similar to PMs the asset will always have some intrinsic value.

Everyone’s financial plan should be multifaceted and individualized. There is no one size fits all, there is no panacea, and there is risk on all levels. How you mitigate that risk is up to the individual and what they have to work with and what they are willing to sacrifice.

 

[psychgirl]

Glenn Beck talking about gold…he said if it hits 3000$ the world is on fire….chaos ensues

 

[Kathy in FL]

As for evictions, the great majority of evictions are on renters. Not on the property owners under foreclosure. Most foreclosures take months to years to take affect. Evictions have actual property owners on the other side that have their own constitutional rights. And most people who wind up at the point of eviction have already lost their utilities, which makes remaining in the property untenable. The other thing that people forget is that more than likely it won’t just be guns on one side.

So which side is anybody going to be on? The side of the constitutional right of those that own the property? Or those that have failed and their legal obligations to pay rent or mortgage that they knowingly took out on the property? And be careful which side you choose. It will determine whether you believe in the constitution or whether you are simply out for what you can get, or out to be on the side of those with the most guns, which may not be those that believe in the constitution.

Be careful that this argument doesn’t get turned into one about feelings as opposed to one of the law.

 

[Tristan]

Just picked up a ounce at least of silver at the Habitat for Humanity resale store. It was sterling junk silver jewelry. Mixed in with some costume jewelry. I paid $15 dollars.

Soon I'll be making a run to the LCS and exchange my junk silver for some ASEs or alike.

Also found another silver dime in the coinstar at Wal-Mart.

Going to make my total almost 3 ounces of silver in the old sock drawer.

Buddy, you're set!

 

[doctor_fungcool]

Real estate was viable but in the great depression nobody had any money and landowners couldn’t pay their taxes and lost their property to the bank. What happens when tenants can’t pay the rent and you in turn can’t pay the mortgage or taxes, etc? A good stash of tangibles that can not bankrupt and have no counterparty risk can not only enable you to pay your taxes but also be able to pick up distressed property on the cheap. Real wealth never disappears it just changes hands.

Amen....great post sir.

 

[hd5574]

Having the little piece of land that we have the ability to have horses and wagon and a plow...is a bonus if no electricity...no gas is pumped ....in fact the local doctor who built this house made house made house calls in his horse and buggy....and compounded medicine here
This house had the first phone in this area.
And yes this house will has a land line....:-)..in fact I was even talking to my cousin in AZ last night landline to landline....but we could talk cell to cell or sat phone to sat phone...
The doctor heated this house with wood....we still heat this house with wood off of this property......yep we have a crosscut saw too..if the dollar crashes...I think we will return more to 1870 than 1929......

 

[BadMedicine]

Be careful that this argument doesn’t get turned into one about feelings as opposed to one of the law.

Could say that the other way around too, "Be careful that this argument doesn’t get turned into one about LAWS as opposed to one of the morals/ethics (feelings)."

Often these days, especially in landlord/tenant "RIGHTS" disputes, the tenant is sheltered protected, subsidized, -much to the detriment of the property owner- by the "law."

So in TSHTF scenario, it'll be important to not get the so called "Law" confused with MY FEELINGS which are rooted heavily in morality and fairness, weighted slightly to the "house"...

 

[psychgirl]

I most likely have a bit of a different view point that most have been pointing out here.....
I live in the same county that my grandmother was born in back in 1870.....yes in the south in Virginia...at that time in history...the country was divided....much like now.....the southern people ..were more or less sub citizens.... similar to things we're seeing now....
My grandmother had passed before I was born but her youngest daughter...began teaching me..
from the time I was young.....she would take me over to the to corner hutch in the dinning room...and open the drawer with her sterling silver ....and tell me it would be mine someday...
Then she would explain that after the war...the people who had sterling were able to survive and those who did not lost most everything...
The Confederate dollar...was worthless...so having ...some gold coins and sterling silver and gold jewelry was the way to survive back then.....it had value ...it still does today
My grandmother had made certain that she had wedding silver....it was a savings account....for her daughter....now it is a savings account for me... she never had children....so is my parent's as I was an only child....my set was started when I was married nearly 50 years ago...the women of the South know you can never have too much silver...
junk coins are 90% silver...sterling is 92.5 and silver eagles are 99.9 fine...
Interesting that the powers that be seem to have no interest in tracking sterling silver or jewelry ...even FDR left sterling silver and gold jewelry alone....
I have no problem with gold and silver coins both old and new...but Bitcoin leaves me cold....
We own our home.. a small piece of ag.. so we are zoned.. for any livestock and even a small business...we have no debt
Just saying a silver letter opener has value..think outside the box ... not just PM's have value...a gold link bracelet has value...one link at a time ...a cuff is harder to divide....
Just the way I was raised... both my aunt and my dad knew men who had fought for the South... different perspective...

Good to know because my mil traveled to another state for a huge sterling set of serving utensils and eating service for 8…..years and years ago she gave that to me for our house warming.
Lol ….she found some sale going on in Illinois and she would drive wherever to get a great deal

The kind that has a doo dad for any and everything on the table you can think of.

It’s in a velvet lined, three drawer wood container. It’s all beautiful!

So, that counts as silver preps too?

 

[Johnny Twoguns]

What happens?

This happens.

CRIME - Pittsburgh pa, shooting. (botched eviction)

Not sure what's going on. Scanner is lit up but I can't make heads or tails of it. View: https://twitter.com/HarrisonKrank/status/1694377545787916473

www.timebomb2000.com

This is FAFO in its purest form. Those "desperate" local govs will discover the price of desperation, and that right quickly.

No one will pay land taxes with silver. They will be paid in lead, delivered at high speeds. Just sayin.

Depends on where you live. I can't imagine any big population city that won't be like living in hell (Hell's Kitchen anyone?).

My state has about 12% 'diversity' of all skin colors. It is still old fashioned on some ways. Everyone is armed to all practical purposes. I'm sure there will be vast amounts of violence when things really get bad but a pittance compared to other places. I suspect that hanging will make a big comeback if SHTF as well as a fair bit of payback. Interlopers and invaders w dark skin and strong accents will stand out like sore thumbs and black eyes. They won't be able to blend in or travel without being spotted; and if terrorism starts breaking out, and if law and order is breaking down in other states, I think it will most likely go 'shoot first, figure out later'. People are generally friendly and polite; but if things go hot it will go all "old west" fairly quick. But even in the old west you had to pay land taxes.

 

[Thunderdragon]

The dilemma...
Will one thousand dollars of cash...get you a bottle or water? or 1000 bottles of water? Hyperinflation versus depression. I am betting...it probably gets you one bottle of water. But I could be wrong.

 

[Hfcomms]

What happens?

This happens.

CRIME - Pittsburgh pa, shooting. (botched eviction)

Not sure what's going on. Scanner is lit up but I can't make heads or tails of it. View: https://twitter.com/HarrisonKrank/status/1694377545787916473

www.timebomb2000.com

This is FAFO in its purest form. Those "desperate" local govs will discover the price of desperation, and that right quickly.

No one will pay land taxes with silver. They will be paid in lead, delivered at high speeds. Just sayin.

I'm always monitoring local law enforcement and in my county they are responsible for civil papers service. There has been a steady increase in papers being served on people and I often wonder how long before a cop tries to lay papers on the wrong person at the wrong time. When people have nothing left to lose......they lose it. Wouldn't want to be a cop or someone that has to repossess vehicles are do foreclosure evictions. A lot more of this coming unfortunately.

 

[Hfcomms]

Actually that isn’t completely true. While foreclosures did spike, not everyone lost their real estate. That doesn’t follow logic because not everyone, not even close to everyone, was on the street and homeless.

Obviously I didn't mean that nobody had any money. I know a lot of farmers lost their land and farms because they didn't have the money to pay the taxes. They had the buildings, livestock, equipment and land but they didn't have a way to pay the taxes. My mother was a child of the Great Depression and had vivid memories of it. I still remember how she would line the drawers of her dresser in the bedroom with bars of soap as I guess soap was almost impossible to get for a lot of people back then and that is also how I got turned on to physical metals.

Almost everyone suffered but some suffered a lot more than others. At least with tangibles, a piece of land and a way to pay the thieves masquerading as local government you had a roof over your head and a place to call home unlike the wandering homeless looking for a job or a bowl of soup.

 

[Blacknarwhal]

Depends on where you live. I can't imagine any big population city that won't be like living in hell (Hell's Kitchen anyone?).

My state has about 12% 'diversity' of all skin colors. It is still old fashioned on some ways. Everyone is armed to all practical purposes. I'm sure there will be vast amounts of violence when things really get bad but a pittance compared to other places. I suspect that hanging will make a big comeback if SHTF as well as a fair bit of payback. Interlopers and invaders w dark skin and strong accents will stand out like sore thumbs and black eyes. They won't be able to blend in or travel without being spotted; and if terrorism starts breaking out, and if law and order is breaking down in other states, I think it will most likely go 'shoot first, figure out later'. People are generally friendly and polite; but if things go hot it will go all "old west" fairly quick. But even in the old west you had to pay land taxes.

The cities are pretty much a loss. But the smaller towns, they might figure out that they can't toss people out en masse and hope to keep breathing.

 

[Blacknarwhal]

I'm always monitoring local law enforcement and in my county they are responsible for civil papers service. There has been a steady increase in papers being served on people and I often wonder how long before a cop tries to lay papers on the wrong person at the wrong time. When people have nothing left to lose......they lose it. Wouldn't want to be a cop or someone that has to repossess vehicles are do foreclosure evictions. A lot more of this coming unfortunately.

Indeed no. I almost look for the sheriff's departments in question to simply refuse. They'll likely KNOW it's a suicide run, and even if it weren't, how many of them will be able to look themselves in the eye after escorting Granny out of her house into the snow because the social security checks don't arrive any more and she can't pay what the county says she "must."

Probably a lot of smaller counties will just start mass firing and paring back services as hard as possible before they start seizing houses they can't begin to sell anyway.

 

[Hfcomms]

I don’t that people or mocking PMs or even scoffing about them. They have their place like anything else. However, my view is that PMs are “lazy”.

They don’t create work, which i find a bit of relief in the puzzle of prepping, but at the same time they lazily sit on the shelf in the safe doing nothing for my day to day income and security.

That is inaccurate although I can easily understand why someone who really isn't into it would think that. As an example on Jan 1st 2000 the S&P 500 had a print of $1425 and on Jan 1st 2024 the S&P 500 had a print of $4804 or a 3.3x rate of return over the last 24 years. Not too bad.

On Jan 1st of 2000 gold had a print of about $288 and on Jan 1st 2024 gold closed at $2062 or a 7.16x rate of return over 24 years. That gold that laid in your safe outperformed the S&P 500 more than 2x over being in the index. And that was with no counterparty risk or depending on someone else to perform or deliver.

Now obviously I realize that certain individual stocks or even something like BTC if you get in at the right time fortunes can be made but that is kind of like hitting the numbers at roulette. I'm all for people speculating on various things but never more than they are willing to lose and a lot of people are piling into things over FOMO and are going to lose it all when they can't get out.

Gold has more than preserved it's purchasing power and increased it over the indexes just by sitting there and doing nothing. And....you don't have to lose sleep at night hoping that it doesn't tank.

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