Ordinary gold and silver are evidently going to be worthless?

[ramicio]

Did anyone else hear Lindsey Williams say that if your gold and silver aren't minted by the US mint, that they will basically be worthless?  So what, are they going to go by face value?  How would they justify a gold coin only being worth fifty dead dollars?  Did he just mean that everything else will be confiscated?  I don't see that going down smoothly these days.  Why should I even bother buying anymore silver?  I buy generic stuff because I never saw the need to pay like $5/oz over spot.  I am not going to bother buying any more if I have to buy from a mint or my metal is useless.  I'll just wait until it goes high again and just put my money in a Chinese bank.

[Letsbereal]

There ain't sucha thing like 'Ordinary gold and silver'. Don't believe anything you hear and investigate matters yourself which you have questions about.

The Central banksters together with the government want to discourage people buying silver and gold so constantly are spreading disinfo and trying to keep it's prices down.

But it won't work and prices will explode once it becomes clear to everyone that this paper system is imploding.

The power elite knows that as well and that silver and gold will be the only money left. They try to play ahead and don't want to lose their money printing monopoly. They try at least.

So they tell Lindsey that indeed "The only currency of the elite is silver and gold" but that us 'little people' only can use U.S. minted silver coins which is just ridiculous.

They presume that when this money system collapses they still have control over everything which they don't.

They don't decide what's money and what's not by that time anymore since all real trade will have left the dollar which in fact is already happening and even accelerating with the one-sided sanctions on Iran.

Listen too Jim Sinclair: "With closing SWIFT on Iran the U.S. shot itself in the foot, started off barter dealing, weakens the dollar" – KWN, March 27, 2012 – AUDIO http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/27_Jim_Sinclair.html

[ramicio]

I really only see metals being a barter item and for a short amount of time.

[Scarbo]

I really only see metals being a barter item and for a short amount of time.

That's the way I see it. You can't eat gold or silver and if stores go empty do you want a tiny silver dime from 1960 in exchange for, say, eggs and some produce you've grown, or do you want toilet paper, shampoo, and maybe a freshly caught catfish?

[Letsbereal]

Your bet!

[ramicio]

I really don't see what the 16 oz. of silver I have now will ever buy me even if it even does act as a currency in times of trouble.  Gold is too expensive by now for anyone who is in the middle class, much less someone like me below middle class, to get into.

[Lannister]

Silver will be the better buy.  When manipulation becomes to difficult to handle we will see silver approach its historical ratio of 1/16 value of gold.  When that happens look out...

By that ratio silver should be about $100/ounce right now, and that's with the price of gold being manipulated too.

[ramicio]

They wouldn't even let it hit $50.  I don't see a return of the 1:16 thing.  Silver is obviously easier to obtain now, and has too many industrial uses.

[Trainwreck]

They wouldn't even let it hit $50.  I don't see a return of the 1:16 thing.  Silver is obviously easier to obtain now, and has too many industrial uses.

The Fed is strong but the market always prevails, You can not suppress prices for long before there is a correction. While a normal person might be worrying about paying for food, the wealthy will be worried about preserving their wealth, and there will be a market for your metals. To assume a back to the stone age scenario is a bit extreme. Social order is what gives these people power, to assume they'll let it completely fall apart is naive and does them no good. A good chocking to the point where we'll agree to anything for our measly rations is more likely.

Lindsay Williams contacts are execs from half bit oil companies, grain of salt please.

[sentinelscout]

I really don't see what the 16 oz. of silver I have now will ever buy me even if it even does act as a currency in times of trouble.  Gold is too expensive by now for anyone who is in the middle class, much less someone like me below middle class, to get into.

16 oz =~about 125~130 Gal of gasoline, or about 10 ~12 visits to the gas station depending what kind of car you drive, or about 50~60 visits to the gas station if you drive a motorcycle.


You are going to retain that purchasing power +/- a few % forever.

Opposed to dollars.... which today 16$ for example cant even buy you 4 gal of gas....

In 2007, it cost me 18$ exactly, to fill up my VW Jetta (12 Gal), today it costs me about 50$ to buy the same gas (more than double).

In 2007 Silver cost about 11 to 12 $ an oz.

I was spending on Gas 2006~2007 1.5$ a gal (about) so 1 oz of silver in 2007 got me about 8 Gal of gas.
Today that same OZ of silver buys about 7.9 Gal of Gas.

So while the price of gas rose more than DOUBLE in terms of CASH DOLLARS, Silver only lost what ? a meaningless amount of value (which could be easily dismissed as a small fluctuation...

Silver is an important "savings" tool IMO, because we live in a world of earning "negative interest" on what we perceive as capital... (our money depreciates the longer you hold it).

Thats how I look at it.

Better than saving your money in a bank @ 0%


------------------------

I look at silver as my personal "savings fund", it allows me to store away and save whatever "extra" income I have and put it away for a rainy day.
Its not as easy to spend as cash, because you have to go convert it.... so you tend to leave it there and it starts to accumulate which is good....
I call it a safety net against the piggy bank effect.... where you know you have a wad of cash in the house and you have the urge to just dip into it to pay for stupid junk all the time.... (pizza/delivery food) etc..

Thats how i view it, the smart people aren't buying Gold and Silver to "get rich quick" they are buying it to combat inflation in a high inflation environment (the govt is borrowing money into existence out of control).

Another great thing about it is, as the Govt devalues our money, it has the unintended consequence of devaluing our debts (like mortgages which are fixed).

Your 1,000,000 mortgage will have the same numerical fixed "sum of debt" today as it will 20 years from now.
So if you store away 100 oz of silver, and the govt continues to print out of control.... you might very well be able one day to pay your mortgage off with that bullion and get yourself out of debt, my current strategy is to devalue all my debt (forcing banks to devalue it/reduce it) and then hopefully with a little luck, I can just sell some bullion and tell the bankers to jump off a bridge.



A friend of mine has pulled this off and managed to pay some exorbitant taxes that he owed when silver spiked to 45  an oz.

[ramicio]

I don't have a car or mortgage.  My bank is also not 0% interest.

[sentinelscout]

^ hmm, well then I guess you have no use for it.

Might as well go party, sell it all and get waaaaasted.
 


The gasoline example is just one example though, and im fairly sure inflation is going to reduce any bank interest you have to nothing... or less.
(Ie: if inflation is 5% and your savings account has 2% your still losing 3% a year).

The Feds "official inflation GOAL" is 2%ish, assuming they keep honest numbers.... if you want to keep up with inflation, your money has to earn 2% every year, honestly with the way things are, I see inflation going way above 2%.


Or you could just not give two craps and let them take the 2% out of your purchasing power every year =/ not that big a deal.


Everyone's circumstances are different , there is no "one solution fits all" approach and nothing is without risk.
-----------------------------


In a sense everyone is taking different bets.

If society enters a monetary crisis (from the debt bubble thats being blown out of proportion), silver looks really good assuming we still live in a civilized productive world.



You can't save value, when there exists no future value to exchange your past value for.

(Ie: If no one makes corn to sell you in 2030, it doesn't matter how much money/silver/gold/food/guns/ammo) you saved from 2012 to trade for it.... there wont be any corn so in terms of corn your "savings of stuff" are worthless).

Your biggest most safe investment is in your current health and ability to provide for yourself outside of the system....

but whats more likely? a post apocalyptic wasteland? or a slightly less productive future?


Im inclined to think we would have a short crisis (5 ~ 10 years) and a restructuring, others might say that the world is just going to flat out end and it will be dog eats dog every man for himself.... which could happen and in any case if it did happen .... no one is prepared for a (long haul 20 ~ 60 year) wasteland survival way of life.


In that case, the strongest, most fit to survive (smartest, strongest, fastest, healthiest) will survive because even with a lack of resources, your biggest resource is your brain, your body and whatever tools you can make from scratch to survive.

If someone fortified themselves in a shelter stock piled with food, and water and other goods.... that man eventually has to ... sleep and when you sleep, you are vulnerable, if you are 400 lb in bad health and have bought out as much stuff to survive as you could... chances are you will be among the first to die.... because someone younger, stronger , faster, and smarter is going to take it from you.

[ramicio]

Silver lost about $5 in value in a year.  Gold gained about $200.  They see that the average person has learned about an investment, so they are going to keep it down.  Only the people who can afford to buy [literal] tons of gold are the ones they are meaning for it to be owned by.  Inflation has shown to really be well over 10%.  Closer to 20%.  I don't keep money in the bank, I spend it.  I have no wealth to protect.  I have no family to protect.  Partying is for idiots.

[Son]

Did anyone else hear Lindsey Williams say that if your gold and silver aren't minted by the US mint, that they will basically be worthless?  So what, are they going to go by face value?  How would they justify a gold coin only being worth fifty dead dollars?  Did he just mean that everything else will be confiscated?  I don't see that going down smoothly these days.  Why should I even bother buying anymore silver?  I buy generic stuff because I never saw the need to pay like $5/oz over spot.  I am not going to bother buying any more if I have to buy from a mint or my metal is useless.  I'll just wait until it goes high again and just put my money in a Chinese bank.

I  don't think they'll discriminate and go through every one of your coins/rounds to cherry pick the ones that are "contraband". Most likely they'll ake the whole lot.

I personally think the US minted coins are a liability because they're US GOVERNMENT PROPERTY.

What if you melt them down?

[ramicio]

I don't see people trusting a blob of silver, even by weight.  There's nothing to certify the purity.  I wish I knew how to leach zinc out of the 95% copper pennies.

[Son]

I don't see people trusting a blob of silver, even by weight.  There's nothing to certify the purity.  I wish I knew how to leach zinc out of the 95% copper pennies.

...swallow them? 

Haha sorry just trying to break my own depression...my self state of demise...

[46andtwo]

It's not like this ship ever sinks all at once.  The advantage readers here have is what is called "a day's notice", or more likely to be months or even years of notice with a lot of agendas, so you'll almost always see things coming before the masses.  

For example if you knew this dollar devaluing agenda back in the early 90's, you could have stocked up on tons of physical gold/silver while the economic ship slowly sank and made a fortune trading other commodities/options and using that fiat currency to buy land and tangible self-sustaining resources.

I can't stress this enough: always remember that 90%+ of people are DUMB DUMB DUMB and know nothing about any of this.  If you have metals that no one knows about and not a lot of fiat $, then you have some shield of protection from debt collectors, and can always barter if and when a massive collapse comes with people who will buy gold/silver.  From what I understand you can always make colloidal silver/gold so they will always have medicinal value.

PLUS you will probably have weeks to months of advance notice if and when a major collapse comes, while the masses will still be asleep.  I don't think the elite are ready to pull the plug on the dollar yet, they prefer the slow, foolproof method normally and I really doubt they are worried about us waking up as they watch the rest of America dumbing down.

[Letsbereal]

Look Silver and Gold is getting 'worthless' for over 10 years now





Gold gains 6.7% and Silver up 16% on quarter, 30 March 2012 (MarketWatch) http://www.marketwatch.com/story/gold-futures-gain-ground-as-dollar-slips-2012-03-30

You better get your head screwed on straight or go the way of the Dodo.

[ramicio]

Silver has lost value in the past year.  How am I going to go extinct because I don't care about money?  Less to lose, less to protect.

[Valerius]

I generally buy minted silver (i.e. coins) on the idea that it provides some indication that it is real to a potential barterer in the future. Of course, that can be copied too, but there's no such thing as a sure thing. I also buy circulated, for the reason that it is cheaper and has a little more authentic look.

[Lannister]

Do you think this makes it more or less valuable a thing to have?

"and has too many industrial uses."

They wouldn't even let it hit $50.  I don't see a return of the 1:16 thing.  Silver is obviously easier to obtain now, and has too many industrial uses.

[ramicio]

I just don't see it prudent for anyone to get into it at this point in the game, unless they are someone who won the Mega Millions lottery.  The dollar is so inflated by this point and wages frozen that it's more worthwhile to invest directly in literal survival, like food and guns.  It's for rich people.  You should have bought it all when they were ~$300/~$5, and any bought now is just to top off when you have some spare cash.

[ekimdrachir]

Now is a good time to buy, we're at a 60 day low



But today Silver shot to 33



Theres an ebb and flow to it, but in the long run the trend is good.

Besides, The Rothschilds themselves posted this on their website several years ago.



But if you don't think so, go get yourself a new credit card and make sure you deposit all your cash in the bank.