A worthy re-post, just amazed how uninformed people are.
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A worthy re-post, just amazed how uninformed people are.
A good video for anyone who thinks they're going to use their bullion as post SHTF currency...you can't eat it!
Spices and salt were only ever locally valuable. If SHTF and the global transportation network went down, they would again become locally valuable.For the majority of people (since sheeple outnumber us), the candy bar will be much more valuable to them in a SHTF scenario. They won't be prepared with essentials and to them gold and silver would be meaningless if they're going to starve or freeze to death.
If you have the means to trade your extra food for gold, silver, jewelry, property or something with "value" and can outlast the current crisis event, then you could come out the other side very wealthy. That's assuming the crisis is short lived and that gold is still considered valuable.
Look back in history on things that held value and that have changed - spices and salt were held in very high value, but now?
For the majority of people (since sheeple outnumber us), the candy bar will be much more valuable to them in a SHTF scenario. They won't be prepared with essentials and to them gold and silver would be meaningless if they're going to starve or freeze to death.
If you have the means to trade your extra food for gold, silver, jewelry, property or something with "value" and can outlast the current crisis event, then you could come out the other side very wealthy. That's assuming the crisis is short lived and that gold is still considered valuable.
Look back in history on things that held value and that have changed - spices and salt were held in very high value, but now?
Of course not. PM's are what you buy for post-shtf, AFTER you have a well thought out plan, adequate supplies, equipment, meds and training that will aid you in the duration of the event.
PM's should be a part of your Preps. Just not the only part...
Gold and silver are mentioned throughout the Bible. I don't think their value in troubled times is in doubt. If SHTF, I myself will be accepting gold for the neighbors cat. It's a real fatty.
I think I need more of all three. Plus barbecue sauce for that cat...Gold and silver aren't for trading with your neighbor. They are trading with local power brokers that will likely emerge a while after shtf. For me they are just more of a long term investment. I think odds of true shtf are pretty low. But, pound for pound I have a lot more sugar and salt in my basement than gold and silver. Why not?
Nevada recluse dies with just $200 in the bank, but $7M in gold stashed in his garage
http://www.nydailynews.com/news/national/nevada-recluse-dies-200-bank-7m-gold-stashed-garage-article-1.1161922
[h=1]Nevada recluse dies with just $200 in the bank, but $7M in gold stashed in his garage[/h]
http://www.nydailynews.com/news/national/nevada-recluse-dies-200-bank-7m-gold-stashed-garage-article-1.1161922
When his house was put up for sale, a realtor and a neighbor went through his belongings. They discovered what Carson City Clerk and Recorder Alan Glover called an “overwhelming” amount of gold, according to KRNV-TV.
I'm not sure I could have been that honest. Or maybe there was $8M when they went in?
Silver quarters for $0.40 over spot, can anyone confirm this is a good deal? I'm not familiar with the seller.
Here's the math: 40 coins, each has 0.18084 oz silver. Price is $139 w/ 8% Ebay bucks.
http://www.ebay.com/itm/291657305454?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT
adds up to around $19.25 per oz of silver. so about $1.90 give or take over spot.
Silver quarters for $0.40 over spot, can anyone confirm this is a good deal? I'm not familiar with the seller.
Here's the math: 40 coins, each has 0.18084 oz silver. Price is $139 w/ 8% Ebay bucks.
http://www.ebay.com/itm/291657305454?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT
With Ebay bucks I calculate $17.68/oz.
$139 - 8% = $127.88 / (40*0.18084) = $17.68.
Apmex has the silver quarters as well, $1 more.
http://www.ebay.com/itm/90-Silver-Coins-10-Face-Value-Roll-90-Percent-Silver-SKU-16485/141844788823
I calculated Apmex's deal as $0.55 over spot. however from doing research, well circulated silver quarters from the later years are only worth their weight in silver. That's probably what these are. So I think it's not a particular good deal.
Gold prices are solidly higher and hit a six-week high in early U.S. trading Tuesday. Prices are now within easy striking distance of the key $1,300.00 mark. Silver prices are at a five-week high and are in a near-term uptrend. August Comex gold was last up $10.70 an ounce at $1,293.30. July Comex silver was last up $0.084 at $17.665 an ounce.
There is a bit of risk aversion in the marketplace early this week, ahead of potentially markets-moving happenings later this week. Such is benefitting safe-haven gold, as well as U.S. Treasuries and the Japanese yen. On Thursday there are general elections in the U.K., a European Central Bank meeting, and former FBI director James Comey testifies to the U.S. Congress. Next week, the Federal Reserve’s FOMC meets, at which time it is expected the Fed will slightly raise U.S. interest rates.
A depreciating U.S. dollar on the world foreign exchange markets is also working in favor of the precious metals market bulls. The U.S. dollar index is slightly lower and hit a six-month low overnight. The greenback bears are in firm near-term technical control as dollar index prices are in a three-month-old downtrend.