Henry Ford paid workers on the Model T production line $5/day, which was one-quarter of an ounce of gold. (Yes, a one-oz gold coin had a $20 face value, by law, for much of this nation's history). Gold WAS used by the middle class, for savings and for expensive purchases, but yes silver was the main instrument of exchange in daily life.
Note: "One-oz" gold coins are actually a bit less than a full ounce because of siegnorage, which pays for the minting of the coins.
The best bang for your buck is usually bags of "junk" silver. The premium is almost always lower than the one ounce mint coins; especially American Eagles; and with differing values they are perfect for bartering. Just pick up some bags when they are on sale. JM Bullion, SD Bullion, and APMEX are all reputable online dealers. If you are lucky enough to live in a State that doesn't collect sales tax on precious metal then you are very fortunate.
Imagine if our blood had gold, or silver instead of iron as the primary metallic element.
That'd make oxygen-consuming life pretty much impossible.
First of all, hemoglobin is the ordered agglomeration of four hemes, four proteins that each contain 1 iron atom. That makes for 4 iron atoms per hemoglobin. The role of the iron atom is to make a bond with oxygen (to be oxydized) to transport it, and release it in a volume containing low oxygen.
In fact, our very DNA contains traces of events collectively known as "the war for iron", which are evolutions and mutations of the DNA to make different proteins to protect against different evolutions of other organisms that would use their proteins to steal the iron of their victims. Friendly reminder that such evolution can take place over hundreds of thousands of years, predating the people of Ancient Egypt.
Now here's a big problem: gold doesn't bond with oxygen very well, rendering it useless as a substitute for iron in hemoglobin. That's why you can find shining gold in nature (look up Brasilian gold extractors in French Guyana, I'm sure you'll find pictures of a pan or two with gold flakes inside), unlike iron, usually found oxidized, like in rust and in ochres, and needing either chemical or thermic treatment to be returned to its non-oxidized state (see: high-furnaces).
Silver binds to oxygen, however not 1 but 2 silvers are needed to bind 1 oxygen, and 5 silvers can bind 4 oxygens in a crystalline form. This combination doesn't release the oxygen easily to its surrounding, making it ill-suited as a stand-in for iron in hemoglobin.
Neurons emit signals electrically and transmit signals chemically.
Their axons, their "biggest, output dendrite", are covered with a "myelin sheath" to increase the speed of signal transmission. The "sheath" is actually a lot of little sheaths with spaces without sheaths to let ions through, leading to what's known as "action potentials". The ions used are potassium (K+) and sodium (Na+), and they traverse the surface of the axon through tiny holes to propagate the action potential.
The fact they are ions should tell you that gold isn't it as a stand-in, as gold doesn't ionize (lose or gain electrons that can form bonds) easily in solvents like water. In fact, instead nitric acid hydrochloride is used to dissolve gold and make gold oxide out of it.
Additionally. Lead is poisonous in high concentrations because it replaces one of those ions necessary for the propagation of the action potential, but obstructs the aforementioned tiny holes, leading to a loss of potential until the signal cannot be propagated anymore, impairing the normal function of neurons. Lead's atomic number is 82, rather close to gold's 79. They are BIG atoms, compared to the smaller potassium (19) and sodium (11). Gold in neurons for electrical transmission doesn't look like a good idea.
Chemically, the transfer of an action potential is done from the end of the axon of a neuron to the next neuron through hormones, huge proteins. We aren't talking individual species of atoms at this point, and I am not versed enough in the proteins' composition to tell you whether they contain precious metals, and whether "enhancing" such proteins with precious metal would lead to any improvement in the transmission of action potentials.
Although, considering the mechanism of transmission of information through hormones (chemical bonds with the receptors at the surfaces of cells, that must be released) and the fact hormones are degraded quickly, leaving free-floating atoms and ions that could wander wherever and cause damage, I'll attempt a guess and say gold once again, isn't it. Silver, perhaps, but I'm once again faced with ignorance.
Physical strength is derived from the mass of muscle tissue, fibrous cells stuck together and reacting to action potentials (electrical voltage and salt contract the fibers). Muscle is essentially red meat and is common to all "red-meatted" mammals. Precious metals pretty much have nothing to do with the strength of the fibers and is not specific to humans, meaning the evolution of "red meat" predates humanity.
First of all it must be realized Ancient Egypt didn't live in a bubble, had significant trade routes, and gold was a universal currency at the time, alongside other metals. Egypt had its own gold mines in ancient times, so not only did they have their own "currency printers" (miners) they knew where the gold was coming from.
The spiritual aspect I suspect, comes from the Sun God, Ra. The shining Sun, like the shining gold. Cue the spiritual tokens and trinkets made of gold.
However what they lacked was the knowledge about the intrinsic of chemicals. Gold is a metal found in nature that doesn't need to be processed to return its shine? And it's rare too? It must be a blessing of the Sun. Coincidentally, all atoms were formed in stars, being the massive fusion reactors they are. Humanity is literal star dust! Ancient Egyptians had no idea though, so long as the knowledge wasn't passed on to them. Was it passed on to them? "Ancient Astronauts theory says yes!" I can hear in the background. (It must be noted that "leaded salt" was a common condiment at the time, revealing their ignorance of chemicals even more.)
Leucippus and Democritus in Ancient Greece (Ancient Greece which had significant mercantile and familial relationships with Ancient Egypt, Cleopatra wink wink, thus shared knowledge too) theorized "the atom", "the uncuttable", the smallest unit of matter at the base of everything we see that cannot be sensed directly by human senses, however those ideas didn't take root and the dark ages still happened across Europe, with Socrates' ideas for the nature of matter propagating instead (the four elements of Earth, Fire, Wind and Water, and the Ether).
So why does gold, the "skin of the Gods" matter? I think it's a riddle, just like everything Q does when he's being cryptic and/or wants plausible deniability. We know gold has been seized by the FED which forbid the hoarding of gold by private citizens. By hoarding all the gold themselves, Q might be hinting the FED appointed itself as God. False God. False idol. Self-idolizing, even. In fact Q also said clearly that gold would be the end of the FED. Will The People need to reclaim the Gold? Will The People even need to detach itself from the Gold, and rework its trading system to use decentralized currency? If gold becomes valueless from the lack of a market, the FED is done. The fact gold can still be exchanged on the market is what is giving it its value, as hoarding ALL the gold makes it valueless to the people outside the one hoarding it, since they can't access it.
Q also made several drops mentioning "Silence is golden". Having dipped my toes in infosec, one of the first tools I stumbled upon was Backtrack Linux (known today as Kali Linux, a Linux distribution specialized in "pentest" or Penetration testing, for the trade known as "aggressive security", or attacking a target information system from without to discern its weak points and remedy them), of which the slogan was "The quieter you become, the more you are able to hear." In the era of fast information transmission and the propensity for lies to spread, Truth is power, and making noise isn't advisable to discern the true data and find the Truth. The Truth is gold, the Truth is valuable.
Stories used to tell that they were collecting it for their interplanetary handlers as it's a galactic trade asset (like fiat), but depends on how you look at this matrix and the space / galaxy, on the other side, something easier, look in the Spiritual / Metaphysical, it's the best conductor for electronics, naturally has the higher vibrations among minerals / metals
Maybe that's why India is so based. It's a weird cultural norm to horde gold. Think that's why there's that old internet pic of the Indian dude wearing more gold than Mr T lol.
I’m not convinced, but I’m also not disagreeing. If the fiat becomes worthless, and I have gold. What good is that for me? Wouldn’t the barter system - and generally supply demand of needed/crucial goods replace the monetary system. I’ll trade you 20 chickens and a goat for those tires and 100 gallons of gasoline..... gold doesn’t do anything for me as I have no usable value. Please enlighten me. Thx
A modern society always needs a means of exchange. Gold and silver have always been accepted as such. Barter is horribly impractical so you need an accepted item to ease the exchange of goods. Almost impossible to arrive at an equitable trade using barter. How many eggs equal a gallon of gas? Imagine everyone having to make these judgements on all the of items they would trade on a daily basis.
But that is assuming a complete collapse occurs. More likely after hyper-inflation destroys the confidence in the currency a new currency will be issued backed by something of value. Usually gold or silver in order to increase the confidence and acceptance of the new money. As time goes by the metal backing of the currency will be withdrawn and the whole cycle ends in a crisis again. Just think of holding gold or silver as insurance that you hope to never have to use. But just look at Venezuela today and you will see a real-life example of the value of gold and silver.
I would recommend: coin's financial school, as it expounds on the silver standard, being a number of grains of silver in relation to 1:15 Gold ratio and why that was a good sustainable system.
I have a question regarding buying precious metals, it's an honest question. I live in Panama, and not into buying gold or silver, and to be honest, don't know where I could buy it down here.
At times I wish I could buy some, but I don't really make that much money to begin with, and I gladly pay child support, because I would do anything to make sure my son has food.
At times I think why is it that we can buy gold and silver. If these were a threat to the globalists control of the people, wouldn't they have bought or taken all of it? Like I said, it's an honest question. In no way I'm trying to discourage anybody from buying these metals.
Because of it's function. Gold and silver are commodities.
In any barter situation you would trade value for value, yes?
In this world of fiat, you are trading value for what? a debt-instrument. A debt instrument has no positive value to the debtor, only to the creditor.
So, it makes sense, to have commodities that are priced for several reasons. However, in a land without the abundance of clean water, that commodity becomes more valuable than gold and silver.
However, western merchants met with locals who were flabbergasted for their mirrors and trinkets. The merchants very much wanted resources. A trade was made, both were happy and thinking: these idiots. (hahaha)
This mechanism is perfectly described by Adam Smith: An Inquiry into the Nature and Causes of the Wealth of Nations.
Time-preference differs from place to place, circumstance to circumstance, cultural values and practices, religious beliefs and follows strongly the pMaslow pyramid of needs.
To understand what really happened to our natural system of trade and how it has been perverted and put into a prison box: read Coin's financial School.
I know it makes sense to have commodities that have value, other than dollar bills and coins. My question is, if gold and silver were a threat to the elite, something that would give us freedom from their debt creating industry, wouldn't they have control of it all? The gold and silver, I mean.
The commodity itself is no threat. What they did was change the rules of the game in such a way that slowly over time assets were flowing into their direction away from us. Facts are replaced by fiction. And those with a lot of fictitious currency, think they are rich. They are not, not unless they exchange their fiction for fact. And those with facts happily part with it.
This is what Texas representative Patman meant when observing in 1933 about banks: the American people will wake up one day home less on the continent their fathers conquered.
What happens when we use PM and other assets to do business? It puts a little cog in the wheel of their operation. Think of it: every asset that matters is tracked and taxed. Trinkets are not. That is why there is a divergence in asset pricing. Gold is shooting up, but capped. Silver is shooting down, but capped in a bandwidth of a ratio of 80 - 110. And it is going up and down. Pump and dump.
The best option they have to impede an awakening populace is to push an economic destruction. Great Reset. Think of the Maslow Pyramid and think of the majority of people. yes .....FF-ed if push comes to shove. With the majority enthralled in the fiction, why worry?
So, once the DS has tucked all these nice assets under it's belt, you really think they are going to be worried about gold or silver in the hands of a couple of patriots?
Enter the great reset and build back better, analogous to being in a land without clean drinking water. The little assets you have, you will gladly part with it for just a cup. So, it matters not whether you have these assets or not. The system virtually guarantees their handover.
A different matter is, when you combine it with land, your own water resources, your own electricity production, your own food supply. You are then in control of your own supply chain. You could even help others sustain themselves by barter.
Only a total environmental destruction, by radiation, by long periods of bad weather, pollution, or a war of sorts (be it a shooting war or a persecution of all those who fend for themselves under the guise of national security; see Atlas Shrugged)
Those of us working on creating and expanding a parallel economy have several options to pursue. Think of it in terms of what WOOFF is doing. Farmers offer food and shelter and leisure time against 4-6 hours of work a day on an organic farm. I can tell you from experience, this is quite an interesting way of living. In one instance their was a group between 20 -30 people all traveling across the globe, meeting new people, sitting around a campfire, passing the dutchy and telling stories. Once a week on the market the grown food was sold and a portion of it was put to extras and luxurious goods.
The best asset you have is you. So, it makes sense to add to your assets, to develop choice.
Some have chosen to use 50 USD to build an alternative stream of income, and put this income into the development of assets. In France I have seen younger people buying large plots of land by paying the now 80-90 old geezers a monthly sum of 300 euro's as long as these old people would live.
I met a guy who was an expert on water tables and water flow in soil. During his stay he investigated that flow under the plot we were at. This way water could be better secured. But he exchanged his knowledge and power for food and shelter. That is barter in it's essence.
Yes, if you put it in a larger context of preparedness and independence.
So, we all should have a progress plan, where risks are identified and mitigated.
For instance, right now you have a job. And hence, an income. How much can you use to move to acquire assets?
One way to do so, would be to buy some crypto, move it into Peth Mint silver or gold coin, and move to receive delivery, when a certain quantity is reached.
Where to stash it? What happens if? How do I evade obviousness? What happens if I have to move quickly? To where?
In basic terms this is called wargaming. But it presupposes knowledge of the local operating procedures and mitigation strategies.
If worked out, train them and review on a regular basis if your plans still meet the quality of reality and functionality. With awareness raised, improvisation does not becomes a lucky draw.
The government has in the past confiscated everybody's gold due to an 'emergency'.
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
True and they could always try again but in 1933 gold was legal tender so everyone had some. That made a large pool for the government to tap. Today physical gold is only held by a very small minority of people so there isn't a large personal pool to tap.
When the corrupt system crashes it won't be worth their time to try to get people to turn in their gold. They would more likely seize the large amounts held in the ETF's like GLD. There is already a plan to seize IRA's and that would be a very large amount and easy to get. Also, in 1933 it wasn't like the government just stole anyone's gold; they did pay for it. Of course they immediately set the price higher by about 30% after they had they hands on it! Many people didn't turn in their gold and nobody was ever sent to jail for holding gold. But I do expect things to get so bad that the government will try all sorts of desperate measures. Just look at the insanity of the last year and a half!
Yep, don't listen to Central Banks. Watch what they do. Most Central banks have been accumulating gold for the last several years. Especially Russia and China. They all know what is coming.
I was taking that approach and would like to get back to it but currently I'm more focused on making sure I have some buffer in other areas such as food storage. Hope everyone is doing the same or has already got that sorted.
I definitely need to work on water more than food, it's probably time to do a bit of an audit and go from there. Been gradually acquiring some odds and ends like water purification tablets etc. too.
I have a PUR water filter (thrift store cheap) that does really well, 3 months of great tasting water. I have saved and filled 89 ounce juice jugs and stashed 'em in a closet. I have a half dozen 1 gallon jugs behind my TV chair.
My time and space is limited to my ability to adapt and improvise @ 76yo on very limited SS income. the Front Range of Colorado is part of the high desert. I also have a couple filter pumps with a catch basin across the street. The stockpile of PUR filters I got at thrifts @ 10 cents on the $$.
Please see my response above-I am most definitely in the poverty level, BUT I am living like a prince-a self sufficient one. At 76, be assured I am healthier than 90% of my peers.
Gold is used by kings. It is for international trade and affairs of state.
Silver is for the people.
Came here to say this.
All precious metals are real currencies, not just gold, but in the event of an economic crash, silver is more practical than gold.
Cigarette and bullets are even more practical
And bic lighters. Don't forget bic lighters.
Whiskey and in todays world pot seeds.
Always diversify!
I was gonna say cans of Cope, but either way.....
Coffee too.
Henry Ford paid workers on the Model T production line $5/day, which was one-quarter of an ounce of gold. (Yes, a one-oz gold coin had a $20 face value, by law, for much of this nation's history). Gold WAS used by the middle class, for savings and for expensive purchases, but yes silver was the main instrument of exchange in daily life.
Note: "One-oz" gold coins are actually a bit less than a full ounce because of siegnorage, which pays for the minting of the coins.
I couldn’t agree more.
Silver:
100oz bars or Coins?
I'm about to pull the trigger...
The best bang for your buck is usually bags of "junk" silver. The premium is almost always lower than the one ounce mint coins; especially American Eagles; and with differing values they are perfect for bartering. Just pick up some bags when they are on sale. JM Bullion, SD Bullion, and APMEX are all reputable online dealers. If you are lucky enough to live in a State that doesn't collect sales tax on precious metal then you are very fortunate.
You'll need to find goods in 100 ounce increments, coins are much easier
Silver coins. They're more portable and easier to barter with. A 100oz silver bar is roughly around the value of 1 oz of gold.
The real goldpill is when you realize WHY the DS covers their skin in GOLD.
Dammit, ANOTHER rabbit hole? How about a hint to get started?
Maybe they're just Austin powers fans.
I love GOOOOooOOOOLLLD.
https://qagg.news/?read=197
https://qagg.news/?read=196
https://qagg.news/?read=195
Gold = skin of the gods, Ra (sun RAy, corona)
Blood, our has iron that creates a magnetic field emanating from our heart, a torus/taurus
Imagine if our blood had gold, or silver instead of iron as the primary metallic element.
That'd make oxygen-consuming life pretty much impossible.
First of all, hemoglobin is the ordered agglomeration of four hemes, four proteins that each contain 1 iron atom. That makes for 4 iron atoms per hemoglobin. The role of the iron atom is to make a bond with oxygen (to be oxydized) to transport it, and release it in a volume containing low oxygen.
In fact, our very DNA contains traces of events collectively known as "the war for iron", which are evolutions and mutations of the DNA to make different proteins to protect against different evolutions of other organisms that would use their proteins to steal the iron of their victims. Friendly reminder that such evolution can take place over hundreds of thousands of years, predating the people of Ancient Egypt.
Now here's a big problem: gold doesn't bond with oxygen very well, rendering it useless as a substitute for iron in hemoglobin. That's why you can find shining gold in nature (look up Brasilian gold extractors in French Guyana, I'm sure you'll find pictures of a pan or two with gold flakes inside), unlike iron, usually found oxidized, like in rust and in ochres, and needing either chemical or thermic treatment to be returned to its non-oxidized state (see: high-furnaces).
Silver binds to oxygen, however not 1 but 2 silvers are needed to bind 1 oxygen, and 5 silvers can bind 4 oxygens in a crystalline form. This combination doesn't release the oxygen easily to its surrounding, making it ill-suited as a stand-in for iron in hemoglobin.
Interesting. Thanks .
So, let's think of the neuro-electro possibilities
Possible effects on brain function?
Physical strength?
That kind of stuff. I'm curious
Neurons emit signals electrically and transmit signals chemically.
Their axons, their "biggest, output dendrite", are covered with a "myelin sheath" to increase the speed of signal transmission. The "sheath" is actually a lot of little sheaths with spaces without sheaths to let ions through, leading to what's known as "action potentials". The ions used are potassium (K+) and sodium (Na+), and they traverse the surface of the axon through tiny holes to propagate the action potential.
The fact they are ions should tell you that gold isn't it as a stand-in, as gold doesn't ionize (lose or gain electrons that can form bonds) easily in solvents like water. In fact, instead nitric acid hydrochloride is used to dissolve gold and make gold oxide out of it.
Additionally. Lead is poisonous in high concentrations because it replaces one of those ions necessary for the propagation of the action potential, but obstructs the aforementioned tiny holes, leading to a loss of potential until the signal cannot be propagated anymore, impairing the normal function of neurons. Lead's atomic number is 82, rather close to gold's 79. They are BIG atoms, compared to the smaller potassium (19) and sodium (11). Gold in neurons for electrical transmission doesn't look like a good idea.
Chemically, the transfer of an action potential is done from the end of the axon of a neuron to the next neuron through hormones, huge proteins. We aren't talking individual species of atoms at this point, and I am not versed enough in the proteins' composition to tell you whether they contain precious metals, and whether "enhancing" such proteins with precious metal would lead to any improvement in the transmission of action potentials.
Although, considering the mechanism of transmission of information through hormones (chemical bonds with the receptors at the surfaces of cells, that must be released) and the fact hormones are degraded quickly, leaving free-floating atoms and ions that could wander wherever and cause damage, I'll attempt a guess and say gold once again, isn't it. Silver, perhaps, but I'm once again faced with ignorance.
Physical strength is derived from the mass of muscle tissue, fibrous cells stuck together and reacting to action potentials (electrical voltage and salt contract the fibers). Muscle is essentially red meat and is common to all "red-meatted" mammals. Precious metals pretty much have nothing to do with the strength of the fibers and is not specific to humans, meaning the evolution of "red meat" predates humanity.
Interesting, so what's your take on Qs gold drops? Regarding Ra, skin of gods, etc?
I just looked them up.
First of all it must be realized Ancient Egypt didn't live in a bubble, had significant trade routes, and gold was a universal currency at the time, alongside other metals. Egypt had its own gold mines in ancient times, so not only did they have their own "currency printers" (miners) they knew where the gold was coming from.
The spiritual aspect I suspect, comes from the Sun God, Ra. The shining Sun, like the shining gold. Cue the spiritual tokens and trinkets made of gold.
However what they lacked was the knowledge about the intrinsic of chemicals. Gold is a metal found in nature that doesn't need to be processed to return its shine? And it's rare too? It must be a blessing of the Sun. Coincidentally, all atoms were formed in stars, being the massive fusion reactors they are. Humanity is literal star dust! Ancient Egyptians had no idea though, so long as the knowledge wasn't passed on to them. Was it passed on to them? "Ancient Astronauts theory says yes!" I can hear in the background. (It must be noted that "leaded salt" was a common condiment at the time, revealing their ignorance of chemicals even more.)
Leucippus and Democritus in Ancient Greece (Ancient Greece which had significant mercantile and familial relationships with Ancient Egypt, Cleopatra wink wink, thus shared knowledge too) theorized "the atom", "the uncuttable", the smallest unit of matter at the base of everything we see that cannot be sensed directly by human senses, however those ideas didn't take root and the dark ages still happened across Europe, with Socrates' ideas for the nature of matter propagating instead (the four elements of Earth, Fire, Wind and Water, and the Ether).
So why does gold, the "skin of the Gods" matter? I think it's a riddle, just like everything Q does when he's being cryptic and/or wants plausible deniability. We know gold has been seized by the FED which forbid the hoarding of gold by private citizens. By hoarding all the gold themselves, Q might be hinting the FED appointed itself as God. False God. False idol. Self-idolizing, even. In fact Q also said clearly that gold would be the end of the FED. Will The People need to reclaim the Gold? Will The People even need to detach itself from the Gold, and rework its trading system to use decentralized currency? If gold becomes valueless from the lack of a market, the FED is done. The fact gold can still be exchanged on the market is what is giving it its value, as hoarding ALL the gold makes it valueless to the people outside the one hoarding it, since they can't access it.
Q also made several drops mentioning "Silence is golden". Having dipped my toes in infosec, one of the first tools I stumbled upon was Backtrack Linux (known today as Kali Linux, a Linux distribution specialized in "pentest" or Penetration testing, for the trade known as "aggressive security", or attacking a target information system from without to discern its weak points and remedy them), of which the slogan was "The quieter you become, the more you are able to hear." In the era of fast information transmission and the propensity for lies to spread, Truth is power, and making noise isn't advisable to discern the true data and find the Truth. The Truth is gold, the Truth is valuable.
Stories used to tell that they were collecting it for their interplanetary handlers as it's a galactic trade asset (like fiat), but depends on how you look at this matrix and the space / galaxy, on the other side, something easier, look in the Spiritual / Metaphysical, it's the best conductor for electronics, naturally has the higher vibrations among minerals / metals
Gotta go back into history
Sorry no, super busy. Remodeling... 😱
As Q said, it goes back to the gods of Egypt, the sun god Ra which is where we get the term rays from.
Actually goes back further to sumer and the gods forcing earlt humans to mine gold for them.
It's valuable because it means something to them physically.
It has to do with things like monotomic gold, ingesting it into your body (like silversol)
Its been stripped of the soil so we don't get it naturally anymore from plants.
Hopefully that helps a little.
Back to work
Goldfinger enters the chat
Decentralization of money will be the greatest battle we will ever face.
Maybe that's why India is so based. It's a weird cultural norm to horde gold. Think that's why there's that old internet pic of the Indian dude wearing more gold than Mr T lol.
Stack that silver frens…. I just bought 50 oz. sitting on 200 now… Remember gold will destroy fed… if gold pulls a gamestonk… so will silver
I’m not convinced, but I’m also not disagreeing. If the fiat becomes worthless, and I have gold. What good is that for me? Wouldn’t the barter system - and generally supply demand of needed/crucial goods replace the monetary system. I’ll trade you 20 chickens and a goat for those tires and 100 gallons of gasoline..... gold doesn’t do anything for me as I have no usable value. Please enlighten me. Thx
Bullion is the intermediary for the times when the guy with tires & gas doesn't need chickens or a goat.
It's generic trade unit 1
A modern society always needs a means of exchange. Gold and silver have always been accepted as such. Barter is horribly impractical so you need an accepted item to ease the exchange of goods. Almost impossible to arrive at an equitable trade using barter. How many eggs equal a gallon of gas? Imagine everyone having to make these judgements on all the of items they would trade on a daily basis.
But that is assuming a complete collapse occurs. More likely after hyper-inflation destroys the confidence in the currency a new currency will be issued backed by something of value. Usually gold or silver in order to increase the confidence and acceptance of the new money. As time goes by the metal backing of the currency will be withdrawn and the whole cycle ends in a crisis again. Just think of holding gold or silver as insurance that you hope to never have to use. But just look at Venezuela today and you will see a real-life example of the value of gold and silver.
I would recommend: coin's financial school, as it expounds on the silver standard, being a number of grains of silver in relation to 1:15 Gold ratio and why that was a good sustainable system.
https://freedom-school.com/books/coin-financial-school.pdf
Also take note of the dots ...;-)
I have a question regarding buying precious metals, it's an honest question. I live in Panama, and not into buying gold or silver, and to be honest, don't know where I could buy it down here.
At times I wish I could buy some, but I don't really make that much money to begin with, and I gladly pay child support, because I would do anything to make sure my son has food.
At times I think why is it that we can buy gold and silver. If these were a threat to the globalists control of the people, wouldn't they have bought or taken all of it? Like I said, it's an honest question. In no way I'm trying to discourage anybody from buying these metals.
It’s a good question.
Because of it's function. Gold and silver are commodities.
In any barter situation you would trade value for value, yes?
In this world of fiat, you are trading value for what? a debt-instrument. A debt instrument has no positive value to the debtor, only to the creditor.
So, it makes sense, to have commodities that are priced for several reasons. However, in a land without the abundance of clean water, that commodity becomes more valuable than gold and silver.
However, western merchants met with locals who were flabbergasted for their mirrors and trinkets. The merchants very much wanted resources. A trade was made, both were happy and thinking: these idiots. (hahaha)
This mechanism is perfectly described by Adam Smith: An Inquiry into the Nature and Causes of the Wealth of Nations.
Time-preference differs from place to place, circumstance to circumstance, cultural values and practices, religious beliefs and follows strongly the pMaslow pyramid of needs.
https://en.wikipedia.org/wiki/Maslow%27s_hierarchy_of_needs
To understand what really happened to our natural system of trade and how it has been perverted and put into a prison box: read Coin's financial School.
I know it makes sense to have commodities that have value, other than dollar bills and coins. My question is, if gold and silver were a threat to the elite, something that would give us freedom from their debt creating industry, wouldn't they have control of it all? The gold and silver, I mean.
The commodity itself is no threat. What they did was change the rules of the game in such a way that slowly over time assets were flowing into their direction away from us. Facts are replaced by fiction. And those with a lot of fictitious currency, think they are rich. They are not, not unless they exchange their fiction for fact. And those with facts happily part with it.
This is what Texas representative Patman meant when observing in 1933 about banks: the American people will wake up one day home less on the continent their fathers conquered.
What happens when we use PM and other assets to do business? It puts a little cog in the wheel of their operation. Think of it: every asset that matters is tracked and taxed. Trinkets are not. That is why there is a divergence in asset pricing. Gold is shooting up, but capped. Silver is shooting down, but capped in a bandwidth of a ratio of 80 - 110. And it is going up and down. Pump and dump.
The best option they have to impede an awakening populace is to push an economic destruction. Great Reset. Think of the Maslow Pyramid and think of the majority of people. yes .....FF-ed if push comes to shove. With the majority enthralled in the fiction, why worry?
See also Pickety, arguing no real assets are needed, but debt is more than enough. The whole WEF crowd was riding high on this idea. https://mises.org/library/thomas-piketty-inequality-and-capital
So, once the DS has tucked all these nice assets under it's belt, you really think they are going to be worried about gold or silver in the hands of a couple of patriots?
Enter the great reset and build back better, analogous to being in a land without clean drinking water. The little assets you have, you will gladly part with it for just a cup. So, it matters not whether you have these assets or not. The system virtually guarantees their handover.
A different matter is, when you combine it with land, your own water resources, your own electricity production, your own food supply. You are then in control of your own supply chain. You could even help others sustain themselves by barter.
Only a total environmental destruction, by radiation, by long periods of bad weather, pollution, or a war of sorts (be it a shooting war or a persecution of all those who fend for themselves under the guise of national security; see Atlas Shrugged)
Those of us working on creating and expanding a parallel economy have several options to pursue. Think of it in terms of what WOOFF is doing. Farmers offer food and shelter and leisure time against 4-6 hours of work a day on an organic farm. I can tell you from experience, this is quite an interesting way of living. In one instance their was a group between 20 -30 people all traveling across the globe, meeting new people, sitting around a campfire, passing the dutchy and telling stories. Once a week on the market the grown food was sold and a portion of it was put to extras and luxurious goods.
The best asset you have is you. So, it makes sense to add to your assets, to develop choice.
Some have chosen to use 50 USD to build an alternative stream of income, and put this income into the development of assets. In France I have seen younger people buying large plots of land by paying the now 80-90 old geezers a monthly sum of 300 euro's as long as these old people would live.
I met a guy who was an expert on water tables and water flow in soil. During his stay he investigated that flow under the plot we were at. This way water could be better secured. But he exchanged his knowledge and power for food and shelter. That is barter in it's essence.
So it would be wise to buy gold and silver, if possible, right?
Yes, if you put it in a larger context of preparedness and independence.
So, we all should have a progress plan, where risks are identified and mitigated.
For instance, right now you have a job. And hence, an income. How much can you use to move to acquire assets?
One way to do so, would be to buy some crypto, move it into Peth Mint silver or gold coin, and move to receive delivery, when a certain quantity is reached.
Where to stash it? What happens if? How do I evade obviousness? What happens if I have to move quickly? To where?
In basic terms this is called wargaming. But it presupposes knowledge of the local operating procedures and mitigation strategies.
If worked out, train them and review on a regular basis if your plans still meet the quality of reality and functionality. With awareness raised, improvisation does not becomes a lucky draw.
Cool, thanks. I'll look into it.
Gold is for storing wealth long term and large transactions.
Silver is for day to day transactions.
What color pill would prostitution be? The Green Pill?
Take the green pill, lol!!
I would say pink pill
Don't let them take it!
The government has in the past confiscated everybody's gold due to an 'emergency'.
Shit, I gotta move to Alaska
True and they could always try again but in 1933 gold was legal tender so everyone had some. That made a large pool for the government to tap. Today physical gold is only held by a very small minority of people so there isn't a large personal pool to tap.
When the corrupt system crashes it won't be worth their time to try to get people to turn in their gold. They would more likely seize the large amounts held in the ETF's like GLD. There is already a plan to seize IRA's and that would be a very large amount and easy to get. Also, in 1933 it wasn't like the government just stole anyone's gold; they did pay for it. Of course they immediately set the price higher by about 30% after they had they hands on it! Many people didn't turn in their gold and nobody was ever sent to jail for holding gold. But I do expect things to get so bad that the government will try all sorts of desperate measures. Just look at the insanity of the last year and a half!
Yep, don't listen to Central Banks. Watch what they do. Most Central banks have been accumulating gold for the last several years. Especially Russia and China. They all know what is coming.
Focus on things you can trade as well. Salt, sugar, any basic necessities really.
Become Golden Prostitute. Got it.
The majority of politicians don't understand this, but they answer to someone who does
My so thinks gold will be irrelevant if we mine the gold asteroid that’s in space 🤷♀️
Can't wait 🤑
I was taking that approach and would like to get back to it but currently I'm more focused on making sure I have some buffer in other areas such as food storage. Hope everyone is doing the same or has already got that sorted.
Six months. Water purification system/s as well.
Build a still. Multipurpose.
I definitely need to work on water more than food, it's probably time to do a bit of an audit and go from there. Been gradually acquiring some odds and ends like water purification tablets etc. too.
I have a PUR water filter (thrift store cheap) that does really well, 3 months of great tasting water. I have saved and filled 89 ounce juice jugs and stashed 'em in a closet. I have a half dozen 1 gallon jugs behind my TV chair.
https://www.epa.gov/ground-water-and-drinking-water/emergency-disinfection-drinking-water Unless you live in a desert there is probably better uses of your time and space
My time and space is limited to my ability to adapt and improvise @ 76yo on very limited SS income. the Front Range of Colorado is part of the high desert. I also have a couple filter pumps with a catch basin across the street. The stockpile of PUR filters I got at thrifts @ 10 cents on the $$.
Good stuff. Priorities are dictated by individual circumstance and it sounds like you have a solid handle on yours. I’m glad you are being proactive
PUR is better than nothing, but get yourself a reverse osmosis filter to get rid of fluoride.
For an emergency, Berkey is a good one and has a fluoride upgrade available.
Please see my response above-I am most definitely in the poverty level, BUT I am living like a prince-a self sufficient one. At 76, be assured I am healthier than 90% of my peers.