Re: Silver & Gold!!!
[Re: Marty]
#8116842
04/07/24 07:20 PM
04/07/24 07:20 PM
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Joined: Aug 2008
Posts: 16,762 ny
upstateNY
trapper
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trapper
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ny
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If your hungry,,,you want some gold or a sack of potatoes or ammo to kill some food with.Gonna be a lot of sad folks if they depend on gold.
the wheels of the gods turn very slowly
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Re: Silver & Gold!!!
[Re: Marty]
#8116845
04/07/24 07:27 PM
04/07/24 07:27 PM
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Joined: Aug 2011
Posts: 46,430 james bay frontierOnt.
Boco
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james bay frontierOnt.
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Dollars are better? only if backed by gold.(soon)
Last edited by Boco; 04/07/24 07:28 PM.
Forget that fear of gravity-get a little savagery in your life.
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Re: Silver & Gold!!!
[Re: Marty]
#8116849
04/07/24 07:30 PM
04/07/24 07:30 PM
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Joined: Jan 2014
Posts: 7,918 Virginia
52Carl
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Virginia
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an ounce of silver today buys more gasoline than it did 100 years ago.
an ounce of gold today easily buys good/services the same as it did or better than 100 years ago..or so I believe.
100 years ago a 20 dollar gold piece would buy you one of the finest suits available at that time. Today, the gold contained in that same 20 dollar gold piece would buy you one of the finest suits available today. Long term, gold is, and always has been an investment which will protect your principle. It won't make you rich.
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Re: Silver & Gold!!!
[Re: yotetrapper30]
#8116852
04/07/24 07:35 PM
04/07/24 07:35 PM
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Joined: Aug 2008
Posts: 16,762 ny
upstateNY
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trapper
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But that's right now. Will gold or silver hold their value in TEOTWAWKI? I doubt it.
I hold a few hundred dollars in precious metals, but that won't be where the profit will be.
The profit will be in ammo, alcohol, tobacco and pharmaceuticals.
I MIGHT find someone that'll sell me a few rounds for a silver dime, but I KNOW I'll find someone to sell me some rounds for a quart of shine or whiskey.
And probably a months worth of groceries for a sack of tobaccy leaves. If it got to the point there was no rule of law,,your not gonna want gold.You will want all you mentioned above and lots of ammo to protect it.
the wheels of the gods turn very slowly
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Re: Silver & Gold!!!
[Re: WI Outdoors]
#8116865
04/07/24 07:58 PM
04/07/24 07:58 PM
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Joined: Aug 2008
Posts: 16,762 ny
upstateNY
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ny
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I'm not convinced on pm's. Do you guys really think shtf will be anytime soon? "When the disaster is upon us,,the time to prepare has past".If you have NO DEBT,,and a three months supply of EVERYTHING you would need to survive,,,you are 95% ahead of everyone else.Then work up from there.
Last edited by upstateNY; 04/07/24 08:10 PM.
the wheels of the gods turn very slowly
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Re: Silver & Gold!!!
[Re: Marty]
#8116887
04/07/24 08:17 PM
04/07/24 08:17 PM
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Joined: Aug 2011
Posts: 46,430 james bay frontierOnt.
Boco
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Correct and adding to it all the time. And the US wont have to go back to gold backed currency as long as they have the most gold. The Brics countries can go that way but it wont hurt the US dollar much as long as the Us has most of the gold.
Forget that fear of gravity-get a little savagery in your life.
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Re: Silver & Gold!!!
[Re: Marty]
#8116900
04/07/24 08:26 PM
04/07/24 08:26 PM
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Joined: May 2010
Posts: 10,778 MN
Steven 49er
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The US has the most gold
The US will not return to a gold standard
If the BRICS nations are successful in creating a currency for international trade that is backed by sound monetary policy, western debt backed currencies will be very vulnerable
"Gold is money, everything else is just credit" JP Morgan
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Re: Silver & Gold!!!
[Re: Steven 49er]
#8116945
04/07/24 08:57 PM
04/07/24 08:57 PM
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Joined: Apr 2018
Posts: 821 Bush Alaska
victor#0
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Central banks are gobbling up gold, although not the US.
The BRICS coalition is getting larger every day and are tired of the weaponization of the USD.
Al, I don't think it will be much longer and they will attempt a gold/commodities backed currency for international trade. Less than 5 years is plausible IMHO THIS, good to see someone is paying attention!
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Re: Silver & Gold!!!
[Re: Marty]
#8116994
04/07/24 09:38 PM
04/07/24 09:38 PM
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Joined: Aug 2008
Posts: 16,762 ny
upstateNY
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Whats a gold sammich tastelike?Ill take meat.
the wheels of the gods turn very slowly
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Re: Silver & Gold!!!
[Re: Marty]
#8117004
04/07/24 09:42 PM
04/07/24 09:42 PM
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Joined: Jan 2014
Posts: 21,414 North East Kansas
Marty
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gold has purchased meat for thousands of years.
Rise and Rise Again Until Lambs Become Lions
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Re: Silver & Gold!!!
[Re: Marty]
#8117013
04/07/24 09:48 PM
04/07/24 09:48 PM
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Joined: Feb 2011
Posts: 1,228 alberta
spjones
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alberta
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keeps going up up & up.
What say u about stocking up?
Where do you buy? FOMO is a powerful emotion Rarely ends well
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Re: Silver & Gold!!!
[Re: Marty]
#8117022
04/07/24 09:50 PM
04/07/24 09:50 PM
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Joined: Jan 2014
Posts: 21,414 North East Kansas
Marty
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I have no anxiety, thanks anyway for the advice.
Rise and Rise Again Until Lambs Become Lions
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Re: Silver & Gold!!!
[Re: Marty]
#8117093
04/07/24 11:27 PM
04/07/24 11:27 PM
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Joined: Jan 2014
Posts: 21,414 North East Kansas
Marty
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Silver is actually flat. Hasn’t gone up in years. I bought 200 oz in the late 80s at $4 per ounce. A passbook savings would have done better over 40 years. Still holding. Rare coins might do better than bars of silver. It was not flat when it was $48 in 2011. Closing on $30 today.
Rise and Rise Again Until Lambs Become Lions
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Re: Silver & Gold!!!
[Re: Marty]
#8117098
04/07/24 11:40 PM
04/07/24 11:40 PM
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Joined: Mar 2024
Posts: 175 Wisconsin
Oakey
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Wisconsin
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I guess my idea of a hit the fan moment is a little more serious than some on here to me if I'm in that scenario debt doesn't bother me as there are not going to be enough people who care to come collect it. The real wealth in the country is solid assets and if you owe on anything and can’t pay it there will be no benevolent bankers. They will will be happy to take your property from you and will do so rapidly.
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Re: Silver & Gold!!!
[Re: Marty]
#8117099
04/07/24 11:45 PM
04/07/24 11:45 PM
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Joined: Jan 2014
Posts: 21,414 North East Kansas
Marty
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There are many, many more bad scenarios than the end of civilization. They happen all around the globe every year.
Rise and Rise Again Until Lambs Become Lions
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