BuzzyKerbox
New member
This is a good run down of it, although the guys voice is a bit annoying.
http://www.youtube.com/watch?v=e68JdtAQ6Ew
http://www.youtube.com/watch?v=e68JdtAQ6Ew
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Buying gold/silver as a secure investment
- Thread starter mrpotatohead
- Start date
well, if things really go shitsouth, gold and silver isnt something people need.
but might use it for barter, even if only out of old habit..
so, gold is being bought up enough to have more than quadrupled the price?
wonder if its any plan beyond just plain fear of society collapsing..
though, if its really a consciousness change thats happening. not just years of mismanagement finally kicking ourselves in the ass, heh, then gold and silver aint gonna be worth shit..
but looking at people, i kinda dont see That Much of a consciousness change happening..
anywho..
buying gold now, well, record high or near it..
probably gonna fall in price in 2012 when things dont end. if that was influencing people buying gold.
if its just the rich hoarding it, well, if they are doing that and not out of some weird reason, then they are doing it to drop the price of gold later.
force people to sell quick, dropping it from 1900 to 1800 say, that would make a lot of people freak to sell.
dunno, if things really went shit, what you really need, is food and shelter..
if its really scarce, you gonna need a shitload of gold to buy some and even then probably be shit out of luck.
yeah, i tend to mention shit alot when i talk money
but i dont think things are gonna go that shitty, not anytime soon anyway.
and considering how insane people are concerning gold, i really doubt buying gold is a bad investment.
unless you buy now and the price crashes id want alot more info before i bought and maybe prices are gonna go down soon, cant really go that much higher anyway.
though id personally be careful about buying stocks and something like gold, where its obvious someone is manipulating the playing field, to such an extent, laws are created..
but might use it for barter, even if only out of old habit..
so, gold is being bought up enough to have more than quadrupled the price?
wonder if its any plan beyond just plain fear of society collapsing..
though, if its really a consciousness change thats happening. not just years of mismanagement finally kicking ourselves in the ass, heh, then gold and silver aint gonna be worth shit..
but looking at people, i kinda dont see That Much of a consciousness change happening..
anywho..buying gold now, well, record high or near it..
probably gonna fall in price in 2012 when things dont end. if that was influencing people buying gold.
if its just the rich hoarding it, well, if they are doing that and not out of some weird reason, then they are doing it to drop the price of gold later.
force people to sell quick, dropping it from 1900 to 1800 say, that would make a lot of people freak to sell.
dunno, if things really went shit, what you really need, is food and shelter..
if its really scarce, you gonna need a shitload of gold to buy some and even then probably be shit out of luck.
yeah, i tend to mention shit alot when i talk money
but i dont think things are gonna go that shitty, not anytime soon anyway.
and considering how insane people are concerning gold, i really doubt buying gold is a bad investment.
unless you buy now and the price crashes
id want alot more info before i bought and maybe prices are gonna go down soon, cant really go that much higher anyway.though id personally be careful about buying stocks and something like gold, where its obvious someone is manipulating the playing field, to such an extent, laws are created..
Green 4 Good
Member
The federal government is beyond broke and the FED continues to devalue the american dollar. The dollar is destined to become worthless if we continue on this course. Gold and Silver are a great hedge against losing purchasing power. Despite what some people have said here, gold and silver will always be worth something. This is why paper currencies have been tied to it in the past. Sure, you can't eat gold or kill somebody with it, but it still has value.
mrpotatohead
Member
Just think if you buy two ounces every week, which probably isn't much of a stretch for any of us, and in a matter of months, you'll have a substantial investment that could turn into a ton of $ value if the economy slips into a double-dip recession. If the economy recovers (unlikely), the value of silver will still climb because silver is an industrial metal used for everything from electromagnets to bus bars for factories around the world. It's in computers, satellites, electrical components in cars, the airbag sensors, ect. So even if the economy rebounds, it will still be in high demand for use in different industries.
BuzzyKerbox
New member
Ya gold and silver have been around and used as currency for thousands of years, it is hard to imagine a world where food has more value than it, quite dire statements by some people; honestly if the world was in that bad of a situation I would prefer not to be living.
If you rely on the information contained within this thread to influence your decision, I fear you will make a poor one.
You need to do more research. LOTS.
Learn about free market economics.
Learn why the 10 year bull market has happened, whether it will continue, why it will or wont continue.
Learn what affects the price of precious metals on a day to day, week to week, month to month, yearly basis and so on.
Study the past. Look at the bull market of the 1970s, and learn what drove that, and what brought it to an end. Look at 1930s USA. Then learn what's different about the bull market this time around..
Learn how to predict where the price will go if this current sovereign debt crisis is "fixed". Find out how likely that is to happen, and in what timeframe. Learn what the worldwide debasement/devaluation/inflation of paper currencies is doing, and will do, to the price of precious metals.
Start reading every financial news and analysis website you can, multiple times a day, every article you can absorb.
Learn technical analysis.
I could continue all day. You need to understand what you are doing, and why you are doing it, should you choose to make a long term investment in precious metals.
You need to do more research. LOTS.
Learn about free market economics.
Learn why the 10 year bull market has happened, whether it will continue, why it will or wont continue.
Learn what affects the price of precious metals on a day to day, week to week, month to month, yearly basis and so on.
Study the past. Look at the bull market of the 1970s, and learn what drove that, and what brought it to an end. Look at 1930s USA. Then learn what's different about the bull market this time around..
Learn how to predict where the price will go if this current sovereign debt crisis is "fixed". Find out how likely that is to happen, and in what timeframe. Learn what the worldwide debasement/devaluation/inflation of paper currencies is doing, and will do, to the price of precious metals.
Start reading every financial news and analysis website you can, multiple times a day, every article you can absorb.
Learn technical analysis.
I could continue all day. You need to understand what you are doing, and why you are doing it, should you choose to make a long term investment in precious metals.
I had to chuckle at this post. You're implying that most who read this forum have $4,000 a week disposable income to drop on 2 oz gold? Interesting. I must be the only poor mofo on here then.
mrpotatohead
Member
indoor/outdoor
Member
MONEY IS THE ROOT OF ALL EVIL AND IT CORRUPTS WHOEVER HAS IT.BEFORE YOU KNEW WHAT MONEY WAS YOU WERE NOT GREEDY AFTER YOU HAD A TASTE YOU WANTED MORE THIS IS GREED MANIFESTING IN YOUR HEART,IF YOU HAVE LOTS OF EXTRA MONEY I HAVE A GREAT IDEA GIVE TO THE POOR YOU WILL SURELY BE REWARDED!
some reading is in order, silver might be a 'gentler' way to start
i'd be curious what kind of commission is done by your typical dealer
i've seen that your lucky to get 80% of the spot price for silver
that's a deep bite, so you need a very substantial appreciation to not have a losing proposition
i'd be curious what kind of commission is done by your typical dealer
i've seen that your lucky to get 80% of the spot price for silver
that's a deep bite, so you need a very substantial appreciation to not have a losing proposition
Very interesting discussion. I am thinking a lot these days about prepping for end times/ zombie apocalypse...
Until the SHTF gold and silver will work as hedges against inflation. In other words, as the world economy deteriorates and a dollar buy less rice, gold and silver will continue to buy the same amount of rice. For a while. I admit that's a gross oversimplification, but that's the beasic idea of a hedge.
Once we get to Beyond Thunderdome levels of societal deterioration, gold and silver will have little to no value. In order of imporatnace, resource primacy will look something like this:
1. Defensible land with water and a renewable food system
2. Guns and Ammo
3. Seeds (pesticides might not be a bad thing to have for an emergency. with no outside resources, crop failure can mean death)
4. Antibiotics (other medicines as well, but ABs are the most important- you'll see)
5. Fuel and renewable energy systems
6. Strong, smart people with skills, community wisdom and the the will to kill
7. Libraries of useful information- military training manuals, textbooks, technical manuals, etc.
Back to the subject of precious metals-
If you are walking into pawn shops to buy your coinage- make sure you're not buying semi-numismatic coins. They are not worth what folks claim, they are not "un-confiscatable"...
If I were massing silver and gold for disaster purposes, I'd be mindful of the low-portability aspect of metals (bullets are just as heavy, YesProp)... I'd probably keep about a year of coinage in low value silver coins, a year of higher value silver bullion and the rest of it in Gold. Hard to buy a loaf of bread with a gold ingot worth $5K!!!
Until the SHTF gold and silver will work as hedges against inflation. In other words, as the world economy deteriorates and a dollar buy less rice, gold and silver will continue to buy the same amount of rice. For a while. I admit that's a gross oversimplification, but that's the beasic idea of a hedge.
Once we get to Beyond Thunderdome levels of societal deterioration, gold and silver will have little to no value. In order of imporatnace, resource primacy will look something like this:
1. Defensible land with water and a renewable food system
2. Guns and Ammo
3. Seeds (pesticides might not be a bad thing to have for an emergency. with no outside resources, crop failure can mean death)
4. Antibiotics (other medicines as well, but ABs are the most important- you'll see)
5. Fuel and renewable energy systems
6. Strong, smart people with skills, community wisdom and the the will to kill
7. Libraries of useful information- military training manuals, textbooks, technical manuals, etc.
Back to the subject of precious metals-
If you are walking into pawn shops to buy your coinage- make sure you're not buying semi-numismatic coins. They are not worth what folks claim, they are not "un-confiscatable"...
If I were massing silver and gold for disaster purposes, I'd be mindful of the low-portability aspect of metals (bullets are just as heavy, YesProp)... I'd probably keep about a year of coinage in low value silver coins, a year of higher value silver bullion and the rest of it in Gold. Hard to buy a loaf of bread with a gold ingot worth $5K!!!
If the country were to take a dump so to speak, having a bunch of gold coins or ingot in hand. Paper money being worthless, my question is , go to a store and try to purchase a loaf of bread as an example. all you have are one OZ gold coins, does the bread become worth an ounce of gold and are you expecting the guy with the food for sale to make change, fat fuckin chance that bread just cost 1800.00 bucks yum. I personally feel that ammunition is a better deal. You can buy or barter bullets, hell you can even make change with .22s cartridges for that matter. Bullets will be worth a whole lot more than gold or silver. I stck up on ammo the common calibers are the best plus what ever your personal weapons use. MY TWO CENTS> bullets will be worth more than gold I think, when the ballon goes up.
BuzzyKerbox
New member
How do we go from discussion on investing in precious metals to preparation for 'end of days'? 
Give your money to this guy so he can buy a new keyboard that has a working caps lock.
Typical hippy bullshit. There is nothing wrong with wanting tangible possessions and working hard/smart to get them. Greed is when you put money before your own moral code.
"As a secular psychological concept, greed is an inordinate desire to acquire or possess more than one needs or deserves, especially with respect to material wealth."
When you work hard for something, you deserved it.
But im sure indoor/outdoor, lives off the land, never uses any commercially produced products and gives away anything he doesn't immediately need for survival.
YOU ARE ON A COMPUTER BUDDY! That in itself is the definition of excess.
If I had the means to I would definitely be buying gold and silver, in small, medium and large sizes.
Speaking strictly from a survivalist, TEOTWAWKI standpoint, if the U.S. economy ever totally fails, gold and silver, along with food, guns and ammo will be the means of exchange/bartering.
dalonghorn
Member
Today was a great day to buy precious metals. I just bought 7 oz's myself today right when the price reached the bottom peak 1770 gold and 39 silver. 
The only way precious metals will drastically lose value is if humans create an alchemist holograph machine like those seen on star trek. Otherwise it will continue to rise as bankers increase the money supply to pay off debt. Metals have been rising since we got off the gold standard.
The JP morgans and elites of the world do manipulate the prices of precious metals but it is usually an attempt to artificially hold the price down. I know insiders who work for JP morgan and they take peoples silver and gold all day long to trade for stocks and such.
Why do you think the big banks and China are accumulating gold and silver? Why is it you only hear about gold and silver taking a hit, when in reality they bounce back to new highs after every such occasion?
Of course, I encourage everyone to have a supply of storable food and firearms for protection before you put it in metals.
The only way precious metals will drastically lose value is if humans create an alchemist holograph machine like those seen on star trek. Otherwise it will continue to rise as bankers increase the money supply to pay off debt. Metals have been rising since we got off the gold standard.
The JP morgans and elites of the world do manipulate the prices of precious metals but it is usually an attempt to artificially hold the price down. I know insiders who work for JP morgan and they take peoples silver and gold all day long to trade for stocks and such.
Why do you think the big banks and China are accumulating gold and silver? Why is it you only hear about gold and silver taking a hit, when in reality they bounce back to new highs after every such occasion?
Of course, I encourage everyone to have a supply of storable food and firearms for protection before you put it in metals.
dalonghorn
Member
There are some misleading posts in this thread. I have no problem getting spot for my coins. I do however, have to pay around 3 to 4% over spot to purchase them.
The funny thing is, my coin/bullion shop now carries ammunition as well as water purification machines.
The funny thing is, my coin/bullion shop now carries ammunition as well as water purification machines.
S
SicKSKills
All you fear mongering people need to put the pipe down, the end of the world isnt coming any time soon. the more things change the more they stay the same. its all an ebb and flow.
the love of money. not money itself
