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You sound like an infomercial.crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.
If things get bad enough, what use will gold and silver coins be?crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.
They have value because they can be used for other things of value. Fiat cash, not so much.MasterOfMeatPuppets wrote:If things get bad enough, what use will gold and silver coins be?crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.
It all started with the Federal Reserve Act of 1913. Over the last 100 years they have manipulated the booms and busts of the economy and eroded the value of the dollar on purpose. The governent is nothing but a front as is the two party system that creates an illusion of freedom to keep the masses fat and happy. Jesse Ventura compared the current governemt with the old WWF. It's all a show, their goals are identical but if you keep the right watching Fox News and the left watching CNN and hating each other they can never band together and stand up against tyranny in unity. You have to ask the hard but obvious questions...why has the Federal Reserve never been audited and why aren't they accountable for where our tax money bailouts went? Why are ther FEMA camps built to house the illegal aliens still standing empty? What are they preparing for?lerxstcat wrote:Let's see, NIXON took us off the gold standard in what, 1968? So it seems that the world has run for a generation without the gold standard on fiat.
Whether it's gold or fiat, the economic system works on psychology and optimism. If we THINK it works, it DOES. If we come to mistrust it, it doesn't.
Seems to me that optimism is the best policy, given that scenario.
The ZOG?crabfan wrote:why has the Federal Reserve never been audited and why aren't they accountable for where our tax money bailouts went? Why are ther FEMA camps built to house the illegal aliens still standing empty? What are they preparing for?
They have value because people assign them value, like paper money. You can't eat it, drink it or use to to make effective weapons. In a world of anarchy, it will be as useful as a picture of a dead president. You'll be better of investing in MREs, water filters, ammo, medicine and other useful commodities instead of shiny metal discs.crabfan wrote:They have value because they can be used for other things of value. Fiat cash, not so much.MasterOfMeatPuppets wrote:If things get bad enough, what use will gold and silver coins be?crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.
It's hard to say at this moment wether the gov't can and will prevent the collapse, but if you really bought all that gold and silver, good for you. Make it physical, because if the Shit really does hit the fan, you might have a hard time getting your money back from those trustworthy stockbrokers.greedy wrote:How's your PM investments working for you crabfan ?
I bought $5K of gold @ $1180 and $5k of silver @ $18 in May 2010 after your post.
The gold is now worth $6K, silver $9200
$10,000 worth to $15000 worth in less than a year. The US dollar is losing value fast, thanks for confirming my thoughts and being the catalyst in my decision to exchange my savings for something tangible of real value.
Nice! Silver hit $33/oz. and there is no reason to believe it won't stop climbing...especially as more people keep waking up and noticing what's happening to their country.greedy wrote:How's your PM investments working for you crabfan ?
I bought $5K of gold @ $1180 and $5k of silver @ $18 in May 2010 after your post.
The gold is now worth $6K, silver $9200
$10,000 worth to $15000 worth in less than a year. The US dollar is losing value fast, thanks for confirming my thoughts and being the catalyst in my decision to exchange my savings for something tangible of real value.
And because gold & silver are rarities.crabfan wrote:They have value because they can be used for other things of value. Fiat cash, not so much.MasterOfMeatPuppets wrote:If things get bad enough, what use will gold and silver coins be?crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.
I was just really posting to thank crabfan for pushing me over the edge to buy something real in exchange for devaluating paper. Yep I've got it alright, it weighs alot for how small the pieces are, can't you see me smiling from there ?vanitybinge wrote:It's hard to say at this moment wether the gov't can and will prevent the collapse, but if you really bought all that gold and silver, good for you.
Pushing $36 now, and as you say, people are noticing !crabfan wrote:Nice! Silver hit $33/oz. and there is no reason to believe it won't stop climbing...especially as more people keep waking up and noticing what's happening to their country.
Only buy metal you can have on hand. Don't buy certificates and don't store it in a safe deposit box (banks can access them in an emergency). Get your hands on dehydrated food and canned water next. Good to have especially after what we've seen in Japan. I think it's important to get in the mindset that we can't rely on the government to be there for us when something bad happens. Be able to provide for you and your family when needed.greedy wrote:I was just really posting to thank crabfan for pushing me over the edge to buy something real in exchange for devaluating paper. Yep I've got it alright, it weighs alot for how small the pieces are, can't you see me smiling from there ?vanitybinge wrote:It's hard to say at this moment wether the gov't can and will prevent the collapse, but if you really bought all that gold and silver, good for you.
Pushing $36 now, and as you say, people are noticing !crabfan wrote:Nice! Silver hit $33/oz. and there is no reason to believe it won't stop climbing...especially as more people keep waking up and noticing what's happening to their country.
I've read there are silver storage warehouses where you buy silver (and store it with them for safekeeping), haven't actually got the metals they've sold to you. So you get a certificate for your ownership but can never actually take posession of the real thing. These warehouses are being found out to be fraudulent as the interest in precious metals increases, thats helping this rise. Let it run I say
Throw some MREs into that mix. They taste like shit but can be eaten out of the pouch. Try that with dehydrated food.crabfan wrote:Only buy metal you can have on hand. Don't buy certificates and don't store it in a safe deposit box (banks can access them in an emergency). Get your hands on dehydrated food and canned water next. Good to have especially after what we've seen in Japan. I think it's important to get in the mindset that we can't rely on the government to be there for us when something bad happens. Be able to provide for you and your family when needed.greedy wrote:I was just really posting to thank crabfan for pushing me over the edge to buy something real in exchange for devaluating paper. Yep I've got it alright, it weighs alot for how small the pieces are, can't you see me smiling from there ?vanitybinge wrote:It's hard to say at this moment wether the gov't can and will prevent the collapse, but if you really bought all that gold and silver, good for you.
Pushing $36 now, and as you say, people are noticing !crabfan wrote:Nice! Silver hit $33/oz. and there is no reason to believe it won't stop climbing...especially as more people keep waking up and noticing what's happening to their country.
I've read there are silver storage warehouses where you buy silver (and store it with them for safekeeping), haven't actually got the metals they've sold to you. So you get a certificate for your ownership but can never actually take posession of the real thing. These warehouses are being found out to be fraudulent as the interest in precious metals increases, thats helping this rise. Let it run I say
My dad bought a FIAT and he says it was one of the biggest mistakes he ever made. Fun car when it worked but that was rarely.crabfan wrote:I don't think there will never be complete anarachy. Someone will grab that power and be in control whether a tyrant or a real democracy. You never know but Gold/silver has been used in trade since the beginning of time and I don't see anything changing that.
lerxstcat wrote:Let's see, NIXON took us off the gold standard in what, 1968? So it seems that the world has run for a generation without the gold standard on fiat.
Whether it's gold or fiat, the economic system works on psychology and optimism. If we THINK it works, it DOES. If we come to mistrust it, it doesn't.
Seems to me that optimism is the best policy, given that scenario.
Unfortunately I don't think it's going to be that easy. The Machine in place will somehow make that illegal for states to do.J88ROCK wrote:Utah and Colorado is thinking about using gold standard.lerxstcat wrote:Let's see, NIXON took us off the gold standard in what, 1968? So it seems that the world has run for a generation without the gold standard on fiat.
Whether it's gold or fiat, the economic system works on psychology and optimism. If we THINK it works, it DOES. If we come to mistrust it, it doesn't.
Seems to me that optimism is the best policy, given that scenario.
Of course you can. But if we waste our time supporting the Obama or Bush illusion of democracy we've already lost. If we spend our time worrying about those CNN liberals or those Fox News Conservatives we've been distracted from the real issues. And that's just what the powers in place want you to do. Whoever controls the money controls the country. Right now that's a business called the Federal Reserve Bank. If you want to make an actual change that's where you start.MurrayFiend wrote:Not 'The Machine'! Surely we humble God-fearing folk can fight back.
That machine would be the US Constitution, Article 1 Section 10. Foiled again by the Founding Fathers!crabfan wrote:Unfortunately I don't think it's going to be that easy. The Machine in place will somehow make that illegal for states to do.J88ROCK wrote:Utah and Colorado is thinking about using gold standard.lerxstcat wrote:Let's see, NIXON took us off the gold standard in what, 1968? So it seems that the world has run for a generation without the gold standard on fiat.
Whether it's gold or fiat, the economic system works on psychology and optimism. If we THINK it works, it DOES. If we come to mistrust it, it doesn't.
Seems to me that optimism is the best policy, given that scenario.
How is this relevant? Your paranoia conjured a conspiracy where there was none. It's why conspiracy theorists are ridiculed. You just don't know when to stop.crabfan wrote:MoMP, that also happened to be when our Federal Government was actually making the money themselves and basing it on something tangible and of actual value, not a private bank charging the country interest on the money they print.
in theory it sounds like a good idea. but you can't eat gold or silver.crabfan wrote:I don't see why it wouldn't and it won't be pretty. Time to consider buying physical gold and silver coins as a backup plan imo.