Highly doubt the only people who will survive are those with precious metals. Q would not make everyone going bankrupt part of the plan. There would be civil war.
Really? If you take everyone's money, there will be CHAOS like you've never seen before. LITERALLY no one will want to buy precious metals in a situation like that. Food, ammo and guns will be 17171717 times more valuable than some metal. PLUS if you are using that metal to exchange for goods / services, you'll have a target on your back. People who are starving to death will follow anyone w/ PMs in your "biblical" scenario.
YOU honestly think Q would fuck over anyone who doesn't own precious metals? That's so insane to think that's part of the plan. What population of the USA do you think owns precious metals?
Go American all the way. Start with "love the neighbor". Do you really want to be the one person on the block behind your walled house, laughing at your neighbors for not being prepared? Seriously, make up some flyers, talk to your neighbors about what's going on. Better to help them start adjusting now rather than when the local Deep Stater starts pointing everyone in your direction as the reason for their troubles. You know they're going to and have no qualms about doing it.
The prepper dream of holding out in a bunker for months or years doesn't work in reality, it's been tried. When starving hordes find out you have food, they will burn your place down before letting you have it. Everybody needs to sleep.
Historically, only large groups working together survived in Mad Max scenarios.
Precious metals always retain their purchasing power, even in a Mad Max scenario like the Serbian civil war where a city was surrounded and people were left to starve. I read a report from a survivor. Cash turned nearly worthless overnight but as long as you had a gun, you could trade your gold for food, ammo, batteries, medicines, hygiene products, a helicopter ride out, etc.
I do agree that this time it won't get that bad though and if it did, people would band together against the common enemy.
Anyone who hasn't already made any financial preps is (IMHO) seriously behind the curve, but it's obviously not too late.
Stash some cash. However much you are comfortable with, but I'd tend towards more than less. You can always re-deposit it in 3 months, 6 months, a year; whenever...... or you can also deposit it into a local bank / credit union, which is a much better idea than the big banks.
Pay off your debts as much as possible. Interest rates have obviously gone WAY up, which means Credit Cards & other debt has gotten WAY more expensive.
IDK if we're gonna crash or not; 4 years ago, I thought for sure we would have had a collapse by now...... that old quote is extremely apropos;
"Never underestimate the markets' ability to remain irrational for far longer than you can remain solvent"
I believe so. I have a small collection going. They are more likely to be used in peer to peer markets. It's fun to tip with them at restaurants or bars or give them as gifts to family to red pill them about sound money.
These are valid points. When you are in a famine situation and people desperate for food and medicine… I mean study the Great Depression. People eating dogs.. America isn’t used to 3rd world problems… we survived and learned but unfortunately our farms are now mega farms fed with pharmaceutical products.
OK, first off; I'm sorry (not) that this turned out so long. This was a fun way for me to refresh myself, as I've been out of buying PM's for some time now. And, too much caffeine.😛
I believe the info below is exactly what I could have used when I first started out, so I hope this is helpful to you & others, and answers your very good questions.
That said.....
You have posed some very valid & legit questions. :-)
Gold & silver's primary purpose - for any rational human - is to safeguard & protect your wealth over the course of decades or centuries (generational wealth).
It's NOT "because it's going to the moon in 2 weeks!" or any such nonsense.
You do NOT buy gold & silver because you think the price will double anytime soon (though It probably will, but that's just because of the very unique circumstances occurring right this moment, and has definitely NOT been a constant throughout history, and you do NOT buy gold nor silver because you think the value will rise significantly in the short term).
Gold & silver virtually guarantee that you will never lose any of your wealth. I'm not aware of anyone who has significant sums of gold & silver, who has ever lost a significant amount of their wealth because of it. Over decades / generations, that is (No; those brothers who tried to corner the silver market in the 80's & got hammered don't count; they were gambling and lost, plain & simple).
No, I'm not talking about the price swinging up & down.
I AM talking when you look at PM's over the course of decades or longer. On that long a timeframe, Gold & Silver do not lose value. They won't necessarily make you rich, but it will ensure that you won't lose it all if the market crashes.
Gold & Silver (PM's / Precious Metals) are also extremely good inflation hedges; here again; they help safeguard your wealth against the ravages of inflation.
Frankly, I think the idea of us reverting to using gold & silver as our primary form of money on an ongoing, regular & long-term basis is absolutely absurd. In order for that to be the case, we'd have far, FAR bigger problems than how to buy some ammo or bacon.
If we were forced to primarily use any form of barter and/or Gold & Silver instead of other "money" (fiat currency) - even if it's not US currency - means that the global economy would have virtually collapsed entirely.
Imagine that; do you really think you'd be worried about going shopping if the currencies of virtually every country in the world became almost completely worthless??
(I'm assuming here you have already stocked 3-6 months of food for yourself & each member of your family, water & the means to purify / filter it, firearms & related self / home-defense gear, etc.......RIGHT???)
So you will NOT be one of the great unwashed masses literally killing each other over a case of bottled water at the local walmart, RIGHT...???
We'd have far, FAR bigger problems than how to pay for stuff using gold and silver (or barter), if we were forced to do it regularly & for the long term.
But, it's certainly not out of the question for some random transactions here & there.
You can get gold coins in virtually infinite sizes, values, combinations.
Just like you probably don't regularly carry only $100 bills; you probably always try to have some small bills & change; same with gold & silver. Have smaller amounts of it, as well as some larger bars. You shouldn't have $10k in 1s, but you also don't want to carry around only $100's for buying soda or gas either.
No; you aren't going to buy shit other than a mercedes or plot of land with a 1 kilo gold or silver bar; but silver especially can be had in very small, practical & manageable amounts.
Remember; it wasn't that long ago that US coins actually WERE made out of mostly silver.... imagine that; REAL money!
As for the rest of your questions & points; extremely good, smart & valid questions.
Generally; you ought to invest in actual gold & silver currency, such as American Gold / Silver Eagles or bars from very recognizable & reputable mints. There are many, but since you're new; Canadian Royal Mint, UK Royal Mint, Australian Perth Mint,
Casa de Moneda de Mexico (Mexican mint) which was founded in 1535. It is the oldest mint in North America. (Cool!! I didn't know!!)
You don't want to "invest" into a bunch of gold / silver jewelry, figurines, or other trinkets; really anything that isn't a very standard, widely known / accepted minted gold / silver coin or bar from a major govt. or private mint, because you're right; you need to verify the purity & authenticity.
Fake gold & silver are definitely a problem (COUGHCHINACOUGH) so again; valid point.
Precious Metals testing devices aren't horribly expensive & impractical; the Sigma seems to be one of the most popular:
https://www.sigmametalytics.com/
There are also a whole lot of other ways to easily & reliably test PM's for authenticity & purity. This is made especially easy with government minted coins like Britannias, American Gold & Silver Eagles, Canadian Silver Maples, etc. There are - just like with bills - security features built into these coins.
Of course the best idea would be to keep them in their original, factory packaging, and not open them until you are ready to actually spend / trade them, but that's not always going to be possible. If you break open a $100 value pack of silver coins but only spend half; the next time you go to spend the rest, it won't be factory sealed, now will it? :-\
Basically; buy only "name brand" gold & silver; govt-issued coins (which are actually legal tender, like American Silver & Gold Eagles) and bars either from govt. mints (UK's Royal Mint) or other archetypal mints like Valcambi.
IMHO; stay AWAY from "collector" coins & PM's. An American Gold Eagle has a specific, concretely defined value; it has a face value (again it is real actual money, exactly like a $20 bill) but it also has 1 oz of real, pure gold, which has a verifiable market price.
What I'm talking about are coins - like certain AGE's - that are worth many times more than their "normal" value, because of some unusual mint mark or some other quirk.
i.e.; a normal, standard AGE is about $2500.00 at current market prices. Gold is about $2,300.00 per oz.
There are AGE's out there that are WAY more than just ~$2,500.00, because the mint made some mistake, or they have some unusual feature, etc. But the coin doesn't contain more than $2300.00 worth of gold, and for practical purposes, isn't ACTUALLY worth more.
It's worth $10,000.00 or whatever to COLLECTORS, simply because people say it is.
That will absolutely go away if we're forced to spend gold & silver. Nobody will care about the quirky little weird mark on your coin; they'll care if it's pure gold and if it's actually 1 oz, or whatever.
(Sidenote; AGE's can be had as small as 1/10 oz, which at current prices is roughly $270.00 per 1/10 oz. coin. THAT is how you can practically spend gold / silver)
Oh also; how can you be certain that the currency - bills or coins - anyone gives you are real / authentic & not fake?
Same way with gold & silver.....
In sum; it's not impossible, but it would be a little different to use gold & silver instead of fiat (govt-printed) money.
Contains ten (10) troy ounces of .999 fine silver.
Produced by MintID with special authentication NFC Chip.
New bars shipped in original mint plastic.
Manufactured in the United States.
Features a detailed Buffalo Design on the obverse.
(Known, standard Design details such as this are security features in and of themselves)
i live in a rural area, and have many farms around me. i'm just wondering if the farmer would take gold/silver for their goods because what can they do with it, just like cash,
What can anyone do with dollar bills? British Pounds or Canadian dollars? They're just a medium of exchange, which is precisely what gold & silver are.
In fact; gold & silver are the only REAL, actual "money"; everything else is literally monopoly money created (again literally) out of thin air / with a few keystrokes by the government.
"Money" as in USD, GBP, CAD, etc; has zero intrinsic value, unlike Gold & Silver, which have been prized and highly valued ever since they were discovered by mankind.
if/when the crash hits how do you know if gold is gold and silver is silver; and if cash is worthless, wouldn't bartering be the way to go?
I still stand by my assertion that if we were ever forced to resort to barter and/or using gold & silver on a regular & long-term basis, it wold only be because virtually the entire global economy has completely collapsed & the fiat currencies issued by any country are completely worthless.
Nothing like that has ever happened before that I'm aware of (not global; I'm aware of course of Weimar Germany, Venezuela, etc).
It could also happen in the aftermath of something like a serious nuclear war.
And I'm sorry again this turned out so long; this turned into a fun exercise for me to think through & refresh my brain on this topic, but one last thing;
If gold & silver are useless / worthless / just shiny toys, why have central banks & governments all around the world been buying it up like it's literally crack cocaine?
Why?
Here are a few links. Ironically the first one is from our absolute, very favorite demons:
Central banks globally have accumulated gold reserves this year at a pace never seen since 1967, when the US dollar was still backed by the precious metal.
A new survey of 70 central banks revealed the highest level of expected central bank gold buying since the analysis of their gold exposure started six years ago. None of the banks which responded to the survey conducted by the World Gold Council (WGC) expect central bank buying to decline whereas 81% expect buying to increase.
Well you are very welcome! I'm flattered if you read even half of that. I'm looking at it in shock that I wrote THAT much.....LMAO.....gotta love coffee..... :-p
To answer your question; of course you were never taught about gold & silver, just like you were taught that the government has our best interest at heart & politicians serve the public interest.
You again come up with a very good question; I think you are sharper than you give yourself credit for. :-)
That said; it's incredibly easy to look up the price of gold & silver. I have an app (Kitco) that displays the real-time price of gold on my iPhone lock screen, for heavens sake. :-)
You honestly just look it up, like with anything. When you go shopping for groceries; don't you ever price compare? Or look up amazon vs. some other online vendor?
However, if we're talking about a total collapse type situation as I mentioned above; I have no clue how gold & silver would be valued..... again; if we're in a total collapse, gold & silver are very, very secondary (or lower) concerns to food, water, bullets, beans, etc.
Just search for "Gold & Silver Price Charts" and you'll get a zillion. Maybe cross-check 2-3 to ensure they are all accurate + current.
Also; The price you see on any chart is the "Spot" price.
Any dealer charges basically a "markup" - formally called the "premium" - on gold & silver.
Certain coins - such as American Gold / Silver Eagles - almost always have a higher premium than other coins, beause they're in extremely high demand. In part because of the security features built into the coins to help people easily check for fakes.
So right now; the spot price of gold is $2,341.80; premiums (as with prices) vary, but you could expect to pay around $100.00 over spot, per 1 oz. coin.
(I also just proved myself right again; I have no clue why APMEX is so po-pular they're a big online precious metals dealer - but they are ALWAYS more expensive. In this case, they're only about $6.00 more than monument, but why pay more?)
Premiums (or "markup") vary based on the type of coin & other factors, as with Silver; different premiums based on different factors.
Honestly, you'll just have to shop around a bit to get a feel for pricing & such.
Oh, and pay close attention to the quantity pricing; most precious metals dealers advertise their lowest price, but it's only if you buy like 100 or some huge number.
They give bulk discounts; obviously if you buy 100 coins, you can pay a bit less per coin vs. if you just buy 1.
But look carefully at the pricing based on how many you actually want to buy.
As for your (again smart) comment on authenticity;
Yep, agreed. It's why I stuck with very large, well known & reputable dealers for my first (ok most) of my gold & silver purchases. I don't have to worry (as much) about fakes beause these big companies have a big reputation to uphold + we all know how fast bad reviews spread on the internet.....
Monument Metals has been my favorite, along with JMBullion and a few more I can share if you are interested.
I'd buy only from a large & reputable dealer until you're comfortable with it & learn more, and possibly get a metals tester.
Real precious metals have a distinct tone / ring they make vs. a coin that is supposed to be gold but is actually copper, or is gold plated & filled with a cheaper metal.
The "Ping check" is also a valid way of testing authenticity & my understanding is it's pretty darn accurate, once you learn enough.
The dollers in you pocket go up and down in value on a daily bases. As do all commodities and money.
When you go to the hardware store and buy some copper wire the price of copper is changing every second. Does the price you pay change?
Take some silver coins in one hand and drop them in the other, the sound they make is unique to silver. Copper coins have a complete different tone. I can tell the difference you can also get an app to put on your phone, if you are tone deff. Their are also simple chemical test you can do.
People have been exchanging real money for thousands of years, it not that hard to do.
I have a small chase account that I push money over to every month to cover ATM withdrawals. Chase has banks everywhere we travel in the country and it's easy to find an ATM for quick cash when on the road. Avoid transaction fees that way.
If we transfer 401k money from known bad financial institutions to the credit unions (who I believe Obama passed some sort of law designed to eventually fail them), wouldn't it seem like we're setting up financial lifeboats out of the entities they were trying to end? I've started the process from my end.
We cannot start over & rebuild without leaving this Federal Reserve System. We are going to feel real pain before the rebuild starts. We have to have several forms of money that are backed by real assets and get away from the money makers who get to create it out of thin air and charge us interest to use it.
My wife works at one of the banks listed, she had no idea a stress test happened, she's looking into it to see if she can find out anything, probably not.
And we deserve it. How many of us have emailed, called, beat up our state reps to remove the exceptions in Chapter 8 of UCC which without these exceptions they would have no incentive to crash the economy.
This Awakening is hard on all patriots, it's not easy watching the country deteriorate economically, morally, militarily etc.. Trusting God is a walk of faith that can be painful at times, we have to fight depression, hopelessness & helplessness looking toward the completion of 'The Plan' & better days. God's family is big & our prayers will make the difference.
Have they ever done this before? Sounds like it’s a practice/test to reveal the truth of our falsely held up economy, that the Cabal can no longer hold up. Or are prepping for their Great Reset Bank Swoop, to confiscate the economy and all our money under their “care”.
And to think that today a guy named Roaring Kitty pushed one of the dominos to send an earthquake* throughout the entire financial system. What a time to be alive.
Would this year be a good year to take out a loan? Like if I got a 6,000 loan, the dollar loses a ton of value, so I get an increase in salary to compensate and then easily pay off the loan.
I already have silver stacked, in just trying to see what other ways I can take advantage of the dollar collapse.
Keep in mind the level of the game going on. If you believe you could time it right and buy a $500k house on 85% loan, then have that loan paid off after a "debt jubiliee" 6 months later, I think you're in for a big surprise not in your favor. Focus on the safety & well-being of your family, loved ones & fellow man first. This could well go back to resetting where everyone's finances were at when the Fraud began in January 2021, who knows.
Somewthing weird happened the last time I was at the CREDIT UNION. They offered a high interest savings account that they said was an "overnight inter-bank lending account".
I asked for some details, money isn't accessible overnight and comes back the next day with some interest.
When i asked what happens if the bank that this money is loaned out to closes overnight with our funds?
The person smiled and said the funds are FDIC insured. When I said, so the next day the account would be at Zero and I would have to file a claim?
be warned I experienced it
if there are bank runs and hyper inflation
ALL the MONEY value would instantly plummet from 1000x to 1000 000 x
in an instant so your 1 Milion dollars would worth as 1. Only way to keep the value is in assets. Either land gold or silver.
Crypto will be destroyed if internet is shut down even temporarily.
Hmmm...I don't like the way this sounds. Guess it's time to move more money out of BofA and into....Credit Union?
KEK! I always take my new precious metals for a kayak ride when they arrive!
Also same with my lead dispensary tools...
Highly doubt the only people who will survive are those with precious metals. Q would not make everyone going bankrupt part of the plan. There would be civil war.
Really? If you take everyone's money, there will be CHAOS like you've never seen before. LITERALLY no one will want to buy precious metals in a situation like that. Food, ammo and guns will be 17171717 times more valuable than some metal. PLUS if you are using that metal to exchange for goods / services, you'll have a target on your back. People who are starving to death will follow anyone w/ PMs in your "biblical" scenario.
YOU honestly think Q would fuck over anyone who doesn't own precious metals? That's so insane to think that's part of the plan. What population of the USA do you think owns precious metals?
I'm not in debt and i have like 1 silver bar. Do you think I'll be screwed?
You're better off than I am.
No debt....perfect start
Family
Food
Protection
Compatriots
Skills
Silver
What more could you want?
The context emphasizes humility and gentleness as virtues that will be rewarded in the kingdom of heaven
Go American all the way. Start with "love the neighbor". Do you really want to be the one person on the block behind your walled house, laughing at your neighbors for not being prepared? Seriously, make up some flyers, talk to your neighbors about what's going on. Better to help them start adjusting now rather than when the local Deep Stater starts pointing everyone in your direction as the reason for their troubles. You know they're going to and have no qualms about doing it.
The prepper dream of holding out in a bunker for months or years doesn't work in reality, it's been tried. When starving hordes find out you have food, they will burn your place down before letting you have it. Everybody needs to sleep.
Historically, only large groups working together survived in Mad Max scenarios.
Precious metals always retain their purchasing power, even in a Mad Max scenario like the Serbian civil war where a city was surrounded and people were left to starve. I read a report from a survivor. Cash turned nearly worthless overnight but as long as you had a gun, you could trade your gold for food, ammo, batteries, medicines, hygiene products, a helicopter ride out, etc.
I do agree that this time it won't get that bad though and if it did, people would band together against the common enemy.
reset of the financial system casualties?
I had so much that my boat sunk. I need a new boat before getting more PMs
Take into account that they have metal detectors these days you know
unfortunately my boat is not very stable and all my valuables end up on the bottom of a bottomless lake... weird, eh??
Anyone who hasn't already made any financial preps is (IMHO) seriously behind the curve, but it's obviously not too late.
Stash some cash. However much you are comfortable with, but I'd tend towards more than less. You can always re-deposit it in 3 months, 6 months, a year; whenever...... or you can also deposit it into a local bank / credit union, which is a much better idea than the big banks.
Gold & Silver. The gains the past several years have been pretty significant (again, IMO and I'm not an expert) Look for yourself: https://www.apmex.com/gold-price https://www.apmex.com/silver-price
Pay off your debts as much as possible. Interest rates have obviously gone WAY up, which means Credit Cards & other debt has gotten WAY more expensive.
IDK if we're gonna crash or not; 4 years ago, I thought for sure we would have had a collapse by now...... that old quote is extremely apropos; "Never underestimate the markets' ability to remain irrational for far longer than you can remain solvent"
You should check out goldbacks.
https://goldback.com
Do you think those are going to go anywhere? Have they been popular at all?
I believe so. I have a small collection going. They are more likely to be used in peer to peer markets. It's fun to tip with them at restaurants or bars or give them as gifts to family to red pill them about sound money.
These are valid points. When you are in a famine situation and people desperate for food and medicine… I mean study the Great Depression. People eating dogs.. America isn’t used to 3rd world problems… we survived and learned but unfortunately our farms are now mega farms fed with pharmaceutical products.
OK, first off; I'm sorry (not) that this turned out so long. This was a fun way for me to refresh myself, as I've been out of buying PM's for some time now. And, too much caffeine.😛
I believe the info below is exactly what I could have used when I first started out, so I hope this is helpful to you & others, and answers your very good questions. That said..... You have posed some very valid & legit questions. :-)
It's NOT "because it's going to the moon in 2 weeks!" or any such nonsense. You do NOT buy gold & silver because you think the price will double anytime soon (though It probably will, but that's just because of the very unique circumstances occurring right this moment, and has definitely NOT been a constant throughout history, and you do NOT buy gold nor silver because you think the value will rise significantly in the short term).
Gold & silver virtually guarantee that you will never lose any of your wealth. I'm not aware of anyone who has significant sums of gold & silver, who has ever lost a significant amount of their wealth because of it. Over decades / generations, that is (No; those brothers who tried to corner the silver market in the 80's & got hammered don't count; they were gambling and lost, plain & simple).
No, I'm not talking about the price swinging up & down. I AM talking when you look at PM's over the course of decades or longer. On that long a timeframe, Gold & Silver do not lose value. They won't necessarily make you rich, but it will ensure that you won't lose it all if the market crashes.
Gold & Silver (PM's / Precious Metals) are also extremely good inflation hedges; here again; they help safeguard your wealth against the ravages of inflation.
Frankly, I think the idea of us reverting to using gold & silver as our primary form of money on an ongoing, regular & long-term basis is absolutely absurd. In order for that to be the case, we'd have far, FAR bigger problems than how to buy some ammo or bacon.
If we were forced to primarily use any form of barter and/or Gold & Silver instead of other "money" (fiat currency) - even if it's not US currency - means that the global economy would have virtually collapsed entirely.
Imagine that; do you really think you'd be worried about going shopping if the currencies of virtually every country in the world became almost completely worthless??
(I'm assuming here you have already stocked 3-6 months of food for yourself & each member of your family, water & the means to purify / filter it, firearms & related self / home-defense gear, etc.......RIGHT???)
So you will NOT be one of the great unwashed masses literally killing each other over a case of bottled water at the local walmart, RIGHT...???
We'd have far, FAR bigger problems than how to pay for stuff using gold and silver (or barter), if we were forced to do it regularly & for the long term.
But, it's certainly not out of the question for some random transactions here & there.
You can get gold coins in virtually infinite sizes, values, combinations.
Just like you probably don't regularly carry only $100 bills; you probably always try to have some small bills & change; same with gold & silver. Have smaller amounts of it, as well as some larger bars. You shouldn't have $10k in 1s, but you also don't want to carry around only $100's for buying soda or gas either.
No; you aren't going to buy shit other than a mercedes or plot of land with a 1 kilo gold or silver bar; but silver especially can be had in very small, practical & manageable amounts.
For gold, there's stuff like this: https://www.valcambi.com/products/combibartm-description/
And of course they make it in silver too: https://www.valcambi.com/products-and-metals/combibarTM/ag/100-x-1-g/100-x-1-g-silver-combibarTM/
Remember; it wasn't that long ago that US coins actually WERE made out of mostly silver.... imagine that; REAL money!
As for the rest of your questions & points; extremely good, smart & valid questions.
You don't want to "invest" into a bunch of gold / silver jewelry, figurines, or other trinkets; really anything that isn't a very standard, widely known / accepted minted gold / silver coin or bar from a major govt. or private mint, because you're right; you need to verify the purity & authenticity.
Fake gold & silver are definitely a problem (COUGH CHINA COUGH) so again; valid point.
Precious Metals testing devices aren't horribly expensive & impractical; the Sigma seems to be one of the most popular: https://www.sigmametalytics.com/
There are also a whole lot of other ways to easily & reliably test PM's for authenticity & purity. This is made especially easy with government minted coins like Britannias, American Gold & Silver Eagles, Canadian Silver Maples, etc. There are - just like with bills - security features built into these coins.
Of course the best idea would be to keep them in their original, factory packaging, and not open them until you are ready to actually spend / trade them, but that's not always going to be possible. If you break open a $100 value pack of silver coins but only spend half; the next time you go to spend the rest, it won't be factory sealed, now will it? :-\
Basically; buy only "name brand" gold & silver; govt-issued coins (which are actually legal tender, like American Silver & Gold Eagles) and bars either from govt. mints (UK's Royal Mint) or other archetypal mints like Valcambi.
IMHO; stay AWAY from "collector" coins & PM's. An American Gold Eagle has a specific, concretely defined value; it has a face value (again it is real actual money, exactly like a $20 bill) but it also has 1 oz of real, pure gold, which has a verifiable market price. What I'm talking about are coins - like certain AGE's - that are worth many times more than their "normal" value, because of some unusual mint mark or some other quirk.
i.e.; a normal, standard AGE is about $2500.00 at current market prices. Gold is about $2,300.00 per oz. There are AGE's out there that are WAY more than just ~$2,500.00, because the mint made some mistake, or they have some unusual feature, etc. But the coin doesn't contain more than $2300.00 worth of gold, and for practical purposes, isn't ACTUALLY worth more.
It's worth $10,000.00 or whatever to COLLECTORS, simply because people say it is. That will absolutely go away if we're forced to spend gold & silver. Nobody will care about the quirky little weird mark on your coin; they'll care if it's pure gold and if it's actually 1 oz, or whatever.
(Sidenote; AGE's can be had as small as 1/10 oz, which at current prices is roughly $270.00 per 1/10 oz. coin. THAT is how you can practically spend gold / silver)
Oh also; how can you be certain that the currency - bills or coins - anyone gives you are real / authentic & not fake?
Same way with gold & silver..... In sum; it's not impossible, but it would be a little different to use gold & silver instead of fiat (govt-printed) money.
Here's a cool example: https://monumentmetals.com/mintid-10-oz-silver-bar.html
"Money" as in USD, GBP, CAD, etc; has zero intrinsic value, unlike Gold & Silver, which have been prized and highly valued ever since they were discovered by mankind.
I still stand by my assertion that if we were ever forced to resort to barter and/or using gold & silver on a regular & long-term basis, it wold only be because virtually the entire global economy has completely collapsed & the fiat currencies issued by any country are completely worthless.
Nothing like that has ever happened before that I'm aware of (not global; I'm aware of course of Weimar Germany, Venezuela, etc).
It could also happen in the aftermath of something like a serious nuclear war.
And I'm sorry again this turned out so long; this turned into a fun exercise for me to think through & refresh my brain on this topic, but one last thing;
If gold & silver are useless / worthless / just shiny toys, why have central banks & governments all around the world been buying it up like it's literally crack cocaine?
Why?
Here are a few links. Ironically the first one is from our absolute, very favorite demons:
https://www.weforum.org/agenda/2022/11/central-banks-gold-market-economy-global/
https://www.forbes.com/sites/timtreadgold/2024/06/18/gold-at-3000oz-in-sight-as-central-banks-continue-to-buy/
https://www.kitco.com/news/article/2024-06-18/why-central-banks-are-increasing-their-gold-reserves-29-plan-buy-more-2024
https://finance.yahoo.com/news/central-banks-gold-buying-frenzy-160000712.html
Well you are very welcome! I'm flattered if you read even half of that. I'm looking at it in shock that I wrote THAT much.....LMAO.....gotta love coffee..... :-p
To answer your question; of course you were never taught about gold & silver, just like you were taught that the government has our best interest at heart & politicians serve the public interest.
You again come up with a very good question; I think you are sharper than you give yourself credit for. :-)
That said; it's incredibly easy to look up the price of gold & silver. I have an app (Kitco) that displays the real-time price of gold on my iPhone lock screen, for heavens sake. :-)
You honestly just look it up, like with anything. When you go shopping for groceries; don't you ever price compare? Or look up amazon vs. some other online vendor?
However, if we're talking about a total collapse type situation as I mentioned above; I have no clue how gold & silver would be valued..... again; if we're in a total collapse, gold & silver are very, very secondary (or lower) concerns to food, water, bullets, beans, etc.
Just search for "Gold & Silver Price Charts" and you'll get a zillion. Maybe cross-check 2-3 to ensure they are all accurate + current.
Also; The price you see on any chart is the "Spot" price. Any dealer charges basically a "markup" - formally called the "premium" - on gold & silver.
Certain coins - such as American Gold / Silver Eagles - almost always have a higher premium than other coins, beause they're in extremely high demand. In part because of the security features built into the coins to help people easily check for fakes.
So right now; the spot price of gold is $2,341.80; premiums (as with prices) vary, but you could expect to pay around $100.00 over spot, per 1 oz. coin.
Example: An American Gold Eagle - ONE - is $2,451.30 here at Monument: https://monumentmetals.com/2024-american-1-oz-gold-eagle-bu.html
(I also just proved myself right again; I have no clue why APMEX is so po-pular they're a big online precious metals dealer - but they are ALWAYS more expensive. In this case, they're only about $6.00 more than monument, but why pay more?)
Premiums (or "markup") vary based on the type of coin & other factors, as with Silver; different premiums based on different factors.
Honestly, you'll just have to shop around a bit to get a feel for pricing & such.
Oh, and pay close attention to the quantity pricing; most precious metals dealers advertise their lowest price, but it's only if you buy like 100 or some huge number. They give bulk discounts; obviously if you buy 100 coins, you can pay a bit less per coin vs. if you just buy 1. But look carefully at the pricing based on how many you actually want to buy.
As for your (again smart) comment on authenticity; Yep, agreed. It's why I stuck with very large, well known & reputable dealers for my first (ok most) of my gold & silver purchases. I don't have to worry (as much) about fakes beause these big companies have a big reputation to uphold + we all know how fast bad reviews spread on the internet.....
Monument Metals has been my favorite, along with JMBullion and a few more I can share if you are interested. I'd buy only from a large & reputable dealer until you're comfortable with it & learn more, and possibly get a metals tester.
Also; you could invest in something like this - and no, it's not a joke: https://soundmoneymetals.us/
Real precious metals have a distinct tone / ring they make vs. a coin that is supposed to be gold but is actually copper, or is gold plated & filled with a cheaper metal.
The "Ping check" is also a valid way of testing authenticity & my understanding is it's pretty darn accurate, once you learn enough.
He will take silver rather than letting the crop go to waste. He's not stupid.
The dollers in you pocket go up and down in value on a daily bases. As do all commodities and money.
When you go to the hardware store and buy some copper wire the price of copper is changing every second. Does the price you pay change?
Take some silver coins in one hand and drop them in the other, the sound they make is unique to silver. Copper coins have a complete different tone. I can tell the difference you can also get an app to put on your phone, if you are tone deff. Their are also simple chemical test you can do.
People have been exchanging real money for thousands of years, it not that hard to do.
I have over $20,000 in credit card debt. That's why I want Mr. Putin to land the missile on my front lawn. Hopefully I'm home when the missile lands.
😲😂
I'm a fan of Old Glory Bank - They will not share any of your data.
I have chase only for my bills. I moved all my other money out into silver, GME, cash and lead
I have a small chase account that I push money over to every month to cover ATM withdrawals. Chase has banks everywhere we travel in the country and it's easy to find an ATM for quick cash when on the road. Avoid transaction fees that way.
Ty for the advice!
I've actually read something to this effect. I need to research more.
Can you please give any more details or point me towards any site / links / or rabbit holes?
What do you think of credit unions?
ETA: Also; why specifically Chase? Why not Wells, BofA, etc?
Credit union is the best, they don't pay around with silver shorts,or derivatives or swaps....
If we transfer 401k money from known bad financial institutions to the credit unions (who I believe Obama passed some sort of law designed to eventually fail them), wouldn't it seem like we're setting up financial lifeboats out of the entities they were trying to end? I've started the process from my end.
Is a credit union the same as a building society in the UK that is owned by members?
Yes. It is owned by its members.
Great. I have my debts with a bank and come savings with credit union
ALREADY IN CREDIT UNION...Have been in one for the last 25 yrs...
The FED is evil and is the very heart of the cabal.
It needs to go down and be replaced.
Then we will be free.
We need sound currency and until the entertainment gets pulled many will never wake up
We cannot start over & rebuild without leaving this Federal Reserve System. We are going to feel real pain before the rebuild starts. We have to have several forms of money that are backed by real assets and get away from the money makers who get to create it out of thin air and charge us interest to use it.
You've got a good point. We shouldn't care at all for the normal people.
Its a bankrupt corporation with fake money that supplies the cabal. We need a debt jubilee and gold backed dollar.
What is a debt jubilee?
Debt wiped away
My wife works at one of the banks listed, she had no idea a stress test happened, she's looking into it to see if she can find out anything, probably not.
We know it's coming, one of the steps to the precipice.
And we deserve it. How many of us have emailed, called, beat up our state reps to remove the exceptions in Chapter 8 of UCC which without these exceptions they would have no incentive to crash the economy.
https://img1.wsimg.com/blobby/go/1ee786fb-3c78-4903-9701-d614892d09d6/UCC-Article-8-State-Legislative-Alert_Final_1.pdf
We're about to see a 'Train wreck' in slow motion. jmo
This Awakening is hard on all patriots, it's not easy watching the country deteriorate economically, morally, militarily etc.. Trusting God is a walk of faith that can be painful at times, we have to fight depression, hopelessness & helplessness looking toward the completion of 'The Plan' & better days. God's family is big & our prayers will make the difference.
Have they ever done this before? Sounds like it’s a practice/test to reveal the truth of our falsely held up economy, that the Cabal can no longer hold up. Or are prepping for their Great Reset Bank Swoop, to confiscate the economy and all our money under their “care”.
And to think that today a guy named Roaring Kitty pushed one of the dominos to send an earthquake* throughout the entire financial system. What a time to be alive.
*possibly
Would this year be a good year to take out a loan? Like if I got a 6,000 loan, the dollar loses a ton of value, so I get an increase in salary to compensate and then easily pay off the loan.
I already have silver stacked, in just trying to see what other ways I can take advantage of the dollar collapse.
Keep in mind the level of the game going on. If you believe you could time it right and buy a $500k house on 85% loan, then have that loan paid off after a "debt jubiliee" 6 months later, I think you're in for a big surprise not in your favor. Focus on the safety & well-being of your family, loved ones & fellow man first. This could well go back to resetting where everyone's finances were at when the Fraud began in January 2021, who knows.
Maybe if you put the loan on Silver/GME lol. But I really wouldnt recommend this. Youre better off just investing money youd be paying on the loan.
Inflation always favors the borrower. That's why governments like, and actually induce, inflation.
Somewthing weird happened the last time I was at the CREDIT UNION. They offered a high interest savings account that they said was an "overnight inter-bank lending account".
I asked for some details, money isn't accessible overnight and comes back the next day with some interest.
When i asked what happens if the bank that this money is loaned out to closes overnight with our funds?
The person smiled and said the funds are FDIC insured. When I said, so the next day the account would be at Zero and I would have to file a claim?
PASS.
Wouldn't it be some shit if all of these banks went under?
Do I still owe them money if they go under?
Yep, they just sell the debt to another bank.
be warned I experienced it if there are bank runs and hyper inflation ALL the MONEY value would instantly plummet from 1000x to 1000 000 x in an instant so your 1 Milion dollars would worth as 1. Only way to keep the value is in assets. Either land gold or silver. Crypto will be destroyed if internet is shut down even temporarily.