Russia confirms that they are launching a BRICS currency backed by #gold. The US dollar is in trouble
(twitter.com)
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Gold will destroy Fed. Kek
I have a theory that white hats have big quantities stashed. Once the change to BRICS is made US gold May trade huge vs the dollar (devaluation ) Even the cabal that owns some gold is sitting pretty. “Our $2000 ounce gold is now $200,000! People with no gold are poor! Haha! Just what we wanted!” Because of this items that once cost $5 now cost $500. Your $100,000 savings now buys $1000 dollars of goods comparatively. Gold holders lost no money in the devaluation.
Then hats whip out their bazillion ounces and flood the US market with gold making the value of gold to $200 an ounce. Items that cost $500 now cost $ .50.
The cabal is now poor. Those of us that had a bit of gold made it through fine because we spent the gold during the rise.
Kek
What about silver
That's what I wonder. I've stacked a very modest amount of silver, not as an investment, but as a hedge against currency collapse. But that will only last me for a finite time... it depends on how long the financial collapse goes on.
If you go here -- https://www.kitco.com/charts/livesilver.html and here https://www.kitco.com/charts/livegold.html -- and compare silver and gold charts for 5 years and 10 years, you'll see that the two metals fluctuate in value in almost parallel ways. Gold goes up, silver goes up...gold goes down, silver goes down.
So I would imagine that in any scenario where gold would be a means of paying for things, so would silver.
Good. Been stacking silver for a year and put a big chunk of savings into it.
I'm kinda thinking that when SHTF money in any form except food and medicine will be useless. You can't eat gold or silver and the dollars will only be good to keep us warm.
This is a common belief, but I don't subscribe to it. There will always be those with more than they can consume/use. They don't need more food. It will just spoil. Some believe only land will be valuable, but land needs to be defended, and there is a limited number of people anyone can trust.
So even if it really got to this level of SHTF (which I think is unlikely), there will still be someone who is wealthy willing to trade excess food or land for gold....or weapons. Shiny rocks don't expire, and are relatively easy to protect. There will be a market. It won't be me making that market, but I'm sure there is someone out there who is beyond self sufficient and ready to take advantage of that.
Maybe... but humans are forced to acquire resources -- food, shelter, transportation -- by our very nature. Some will resort to crime to get theirs, others will barter, others will do unscrupulous things to get what they need. Silver and gold will most certainly be one way of obtaining things, because whoever takes it in trade will then use it to acquire other things. Humans are economic beings, whether we trade in grain, trade our skills for things, or hunt or fish to provide for themselves and others.
Economics is built into our DNA...trading one thing for another. Westerners are just used to trading currency for their needs and wants, but the history of mankind has a much longer trait of bartering -- and of raiding and stealing -- to get what they want and need.
Be prepared to repel robbers with extreme prejudice, and treat others as you would have them treat you. We'll get through this, but a little silver and gold will make our lives easier than those who did NOT prepare for this moment.
I would love this. I am just worried i get that vast amount of wealth on say a monday, and spend a week thinking what to do with it and then on the following monday gold is cheap again lol.
I don't look at silver & gold as "investments" to be bought low and sold high. Nope, I just acquire small bits of it over the years, stash it away, and try to forget that it's there... until I need it. I have absolutely NO intention of selling any of my metals in the traditional "investment" sense.
It is solely as a hedge against what I thought was coming for many years... currency collapse and hyperinflation. When the dollar is worthless, gold and silver can be bartered for basics. We also should all be gathering and stocking lead... it comes in denominations of .22, .38, 9mm .45, 5.56mm, and .308. You will need the lead to protect your gold and silver.
Also 7.62x39.
Which is now investment grade because its price is higher than 556 rounds.
That's weird, but hey, I bought up Chinese and Russian surplus back when it was cheap and widely available. Wooden boxes of the stuff.
You are correct in every respect, TNBanjoMan.
Thank you, patriot.
All my lead was used for fishing. I have none left. Zero, zilch. Nada. I buy silver more as a "give to my kids" when i pass. If the need to use it prior comes about then so be it. But im giving it to them. I agree with you 100%. My comment prior does seem lije i am using metals as an investment and it was not my intention.
eXactly!
(Having a prime piece of real estate picked out and be ready to move on it quickly and get it "locked in" seems more and more like a wise move)
Theoretically, I could use gold to immediately pay off mortgage, and any other loans, and then sell the gold for dollars while I hunker down and eat raman noodles, and wait forgold to come back down and inflation to evaporate, and then be a millionaire.
I got a piece of mail from a gold company asking me to tell my senators to buy gold, and that other states are buying and holding it now.