The price of gold is down about $50 an ounce and silver is down about $1-$2/oz in the last week or so. We were told that the prices would go up since Biden banned Russian gold. What's going on?
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You still don't see the problem there?
In a SHTF scenario, no one is gonna give up their gold or silver. They'll sit on it.
I'm glad you can trade with your local farmers TODAY, but when they're the ones with all the food and the coin, what could you possibly offer that they don't already have in spades?
Again, I'm not saying it will be worthless in the long run.
I'm saying, the vast majority of people are more likely to stab you and just take your stuff than trade with nebulous gold and silver. They know what the cost of a sharp blade is better than precious metals.
I doubt you're gonna risk taking all your gold and silver coins to market to buy a couple tomatoes.
Don't get me wrong, I don't wanna be argumentative. I'm just looking at things realistically. I support your decision to invest in gold and silver. I'm NOT knocking the asset.
I'm knocking its ability to be traded when the lights go out.
It's exclusively a long-term investment option. It's only valuable during recovery, not in the midst of the economic collapse. You're looking at about a year, minimum, until people might start trading with it.
The biggest problem we face right now is that the majority of precious metals is in the hands of a very, very tiny minority. That's market manipulation, sure, but it's not like all that gold and silver is just gonna litter the streets suddenly and we immediately will switch to it as a primary form of currency.
Hoarders are gonna hoard, and that stubbornness is the basis for economic stagnation on a good day. Do you think they're gonna be wiling to just start offloading their gold and silver willy-nilly?
Just like land, until I'm faced with starvation I wouldn't give it up. If that were to happen, then I'm pretty sure I won't get the value back as compared to what I put in.
Long story short, don't bet all on gold and silver. Diversify your assets in anything physical. Don't put any weight in fuzzy numbers on a screen or a piece of paper. If you can hold it, and it works without electricity, it has value to someone.
Though chances are, you're gonna spend more of your resources to find someone who will take gold and silver on a fair trade than its worth lugging around.
Rev 17:18
And the woman whom you saw is the great city, the one having kingship over the kings of the earth.
Which city contains the United Nations and is falling apart at the seams as we speak?
You might want to read Revelation 18 and consider what's going to happen when Babylon falls, with the viewpoint America IS Babylon.
https://www.biblegateway.com/passage/?search=Revelation+18&version=KJV
You can't take it with you.
As far as what I think about the other items, I remember what the Master said.
Matthew 6:19-21
19 Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal:
20 But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal:
21 For where your treasure is, there will your heart be also.
Matthew 6:24-26
24 No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.
25 Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; nor yet for your body, what ye shall put on. Is not the life more than meat, and the body than raiment?
26 Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
I do buy food on sale and stock up my pantry, but I think I need to focus more on stocking up my local food bank at this point.