Precious metals

That's the problem the GOV is bankrupt and they have 2 choices to pay. Either don't pay or inflate they debt away and they have decided to inflate the debt away.... That's why 126 countries have already decided to stop using the dollar because it is not backed by anything and they keep printing unlimited money to buy finite commodities.....

Do you think your 20 or 30 year old house is worth more than it was new???? no the money went down so it takes more money to buy that same house, gas, food, car or any thing..... INFLATION is real and happening right now, 0% interest and still printing...

So other than being a silver TROLL what are you doing to protect yourself from the falling dollar?????

 

Except the dollar is not falling, it is rising against other world currencies...and do you have a LIST of the 126 countries who have stopped trading in dollars? Inflation has been under 2% since 2006 and is not going up anytime soon. The big hazard after 2008 was the Japanese style DEFLATION.

Now, if you compare gold returns against the Dow, real estate and inflation, is it a good buy?

 

http://www.truthandaction.org/23-countries-now-abandoning-us-dollar-2/
plus all of Asia, Australia, south America, Central America, Africa and most of Europe will either add the Yuan or switch to the Yuan when it gets added to the SDR....

So if the Dollar is so strong why are we at 0% interest rates??????? and why are they printing(creating from nothing) so many dollars......
And why are they fixing the silver price if silver doesn't matter and no one wants any and it's not used for any thing???????

 

Over the last 10 years gold is up 138% and is about to go in to another bull run, the dow is up 66% and is about to tank again.....

Before 1972 we had a gold standard and from 1973 to 2002 there were huge stock piles of silver that are now depleted....

Till 2001 the stock market was a great tool, but that time is over and it's currently over bought and after a real correction it will be great again......

So why are we at 0% ??????????

 

The Fed Interest Rate is near zero because it's the main driver propping up the US Economy/Equity Bubble. Also if the interest rates were higher it would be significantly harder for the Federal Government to service our massive debt.

 

I'm sorry but the dollar is following, as other people are pointing out it takes more money to acquire a house, food, gas etc... Just because the dollar is rising against other currencies doesn't mean the dollar is not falling. It just means the other currencies are falling faster (winning the race to the bottom).

 

You are right on.......100%

 

It's cool to see that some people get it......

 

So when the world economy crashes and you have, let's say $50,000 in Silver in purchasing power right now, what makes you think that something as worthless to the actual economy as gold or silver will still be worth something more? Aren't things like land, control of oil interests, control of water interests, etc etc going to be more important than a few flakes of metal that isn't economically critically important?

To be honest watching the rest of the world buy up chunks of my country while they keep their reserves at relatively the same level makes me think the idea that gold would be worth more than anything else makes me question that line of thinking. If the world economy collapses the people that control the food, water, fuel, and other necessities will take that metal off your hands for pennies on the dollar when you are starving, thirsty, cold, etc. No offense, but those are my thoughts. The rich will stay rich no matter what the currency will be. Us meager mortals with less than a few million won't have enough gold or silver to last on what we could realistically buy.

EDIT: and btw I'm not knocking investing in precious metals. It can be very lucrative if done intelligently. It does protect your investment from disappearing better than stocks or other popular investments. I just don't see it as being a savior if things in the USA go to hell and a hand basket. I also can't see China letting things get that far since their entire economy is basically based on producing things for the USA. Let that market wallow and China won't have an economy. As sideways as it is, the US dominated system isn't going away any time soon. Maybe in a few decades, but not in the near future.

 

Sterdog, I think you are correct, that tangible assets such as land are a VERY good thing to have. If the dollar crashes, I wouldn't sell PM to get dollars and then try to buy assets cause no gain can be had that way if the USD is worthless. Gold and silver have been used as currency longer than any thing else in the history of mankind, and IMO, will always have its place, even if the local currency is not backed by said PM.

Case in point for hard assets, look at Warren Buffet. He bought the BNSF railroad. Yes he has a very large cash holding (in case of deflation), but he bought this railroad in case of the dollar crashing (hyper-inflation). So he is hedging against either scenario.

Many countries are buying up as much gold and silver as they can for a reason. They know things are changing in the international economy and their confidence in the world reserve currency (USD) is diminishing. They are trying to protect their wealth by buying PM.

 

Well 1st the most valuable currency is gold and silver..... In a 100 years no will have or be using the current dollar but gold and silver will still be gold and silver.... Silver is the most widely use commodity in the world and there is only 1 year supply above ground.... When they find a sunken ship they never talk about the out dated money it had, they pull up the gold and silver....

Land is valuable but is inflated..... example is Detroit they claim the land is worth nothing but they are sure buying for pennies on the dollar... They can pass laws, change codes, change zoning and tax land until you have to sell.... Then they come in buy the land and when they get it they will revalue the land higher again..... So it's not an end all.....

And I'm talking a currency crash or reevaluation not the economy, but it could cause more slow down.....

What is going to happen is the rest of the world will refuse our inflated money, so we will have to revalue it down 30-80% or make a new dollar backed by gold. To go to a gold standard would take a price of $64,000 an oz to back all the money that has been printed, according to Bloomberg...
That's why they are naked shorting the paper gold and silver to drive the physical gold from the weak hands(poor) to the strong hands(rich) but I'm going along for the ride... They are leveraged over 100-1 against the physical metal.....They are setting up a once in a life time buy....

That's what happened in the 1970s we went from a gold standard to a fiat currency and that is what caused the high inflation and gas lines...... Anything we import will go up in price 2-3 times..... Unless we still have the 8000 tons of gold?????

And when all this happens there are 11 million millionaires in the us that will be happy to buy metal to avoid any more losses, the normal people will only be buying food ect.......

 

Gold and silver are no where near the most valuable medals. Rhodium, platinum, and palladium are far stronger metals. Know why? Because on top of their jewelery and greed value they are necessary for many different industrial and commercial applications. Gold and silver are not critical for very many applications, there value is basically "greed" value. If anything I'd be piling up stock piles of rhodium, platinum, and palladium metals, and maybe even some copper and rare earths too. Those metals will be needed no matter what, not just for shiny, greed, or trading value.

One year supply of silver above ground for what? Minting? Trading? Jewelery? Hoarding by people like you? Any of that sound like a false economy? As far as I know there is literally hundreds of tons of silver sitting in vaults all over the world doing nothing but holding equity. Here's true silver pricing over the last 50 years:



Here's Silver production over the last hundred and fifty years. Usage has climbed slowly but production is skyrocketing:


You can go through history and find literally dozens of times silver was supposed to take over as "the currency" only to have another source discovered or poor trading lead to a huge silver recession. Arguably the loss in value of silver toppled the Spanish empire and drove many of the 19th century economic down turns.

I'm not saying Silver will be worthless, but history has shown hoping on Silver rarely pays off in the long run like some people have assumed it does. It will always have value, and if the dollar goes to hell it surely will mean more than a piece of paper, but it is not the metal I would be hoarding. For all the room silver takes up in your safe or safe storage 1/100th of the weigh of palladium could be stored towards the same goal.

Anyways, I mean absolutely no offense. I just wanted to hear your opinion. To be honest I don't think what you are saying will happen actually will, but who knows. Maybe time will tell differently

BTW I have no worries at this moment about the Canadian Dollar. At the end of the day our extremely large pool of natural resources per capita can easily shore up the dollar if needed. That is something the USA cannot do.

Land in Detroit is useless, but land that can produce food will have more value in an economic down turn, especially during hyperinflation. You just have to know which land to buy.

 

The point is there are basically no above ground silver supplies other than coins. Silver has tons of uses at such small levels it can't be recycled... Which is why it is running short. In the 1800 silver was literally sitting on the ground and just had to be scooped up... We just hit peak silver last year for these dollar amounts.... There are no silver stockpiles of silver like there is for gold.... There is a 30 yr stock pile of gold and only just in time inventory for silver... And now the mines are closing down, cutting back production and stopping new projects... It takes 10-20 years to get a new mine on line... And the new location are in the mountains and very expensive to mine...

In comparison we have 6+ years of inventory of both base metals copper and aluminum because of all the silver mining. We have so much aluminum stock piled in Detroit Ford is make trucks out of it..... to keep up with the silver demand these other metals are pilling up because they come from the same mines....

http://www.silvercoins.com/uses-of-silver/ from band aids to solar most silver is used up in industry and is not recyclable .......

As far as international trade, all trade is finalized with gold in the gold vaults.....


Government supplies have ran out.......... If production is going up and inventories are still going down, demand must be through the roof.... So where is all the silver going?? not in coins, coins are only a small part of demand....




There are more rare metals but they are not used as money and silver in comparison is much cheaper, but it might be time to look at some other metals to diversify my physical asset holdings.....

The latter class of materials has come under particular scrutiny because they’re a vital ingredient in smartphones, hybrid cars, wind turbines, computers and more. China – which produces around 90% of the world’s rare earth metals – claims that itsmines might run dry in just 15-20 years. Likewise, if demand continues for indium, some say it will be gone in about 10 years; platinum in 15 years; and silver in 20 years. Looking farther into the future, other sources claim that things like aluminum might run dry in about 80 years.

So even if the dollar hold silver is still in short supply and the price is cheap....

METALS SPOT CHANGE
Gold $1117.90
Silver $15.38
Platinum $996.00
Palladium $619.00 Which one of these is not like the other??????

If platinum is going to run out in 15 years and silver in 20 and gold in 50 or more shouldn't silver be more than $15? It makes no logical sense.....

I have been doing a lot of research on silver and gold over the past 5 years and have had all the same questions about silver and it always comes out strong... Silver is hands down the best value of anything I can find to buy... I don't recommend gold as much because there is so much stockpiled.... The world is wasting so much silver that supply and demand alone will send the price higher... Now add in the that they are price fixing silver and the us dollar is about to loss 50% of it's value and the silver to gold ratio makes no logical sense and I can't find a way it is a looser....

Thanks for the tough questions, 20 years ago a lot of these may have been valid concerns but times change and I've checked every angle on silver and silver has always won so far......

any other questions???

 

As much as I like silver it is only part of my investments..... Right now it is the best value of all my investment and has the least risk......

 

Ever since we went to digital photography, we stopped using vast amounts of silver in the photographic processes. If we just reprocess things like old x-ray film...

But is we are talking about how to survive a major world wide depression/government takeover? A fortified castle and loyal serfs.

Until then we have to work the monetary system to our advantage. Get leverage with gold mining stocks. Or have a specail ability, like the ability to manufacture or repair ocean going vessels or commercial aircraft.

I personally live way up in the hills, with few neighbors in sight and limited access.

Howard

 

That's why converting some of your paper or digital dollars to physical silver will pay off in the future, also land, business or anything real that you need, get it now while the dollar is strong, don't wait till it drops..... Take advantage of the opportunity....

 

In other currency war news...... The US returns fire....... They are not playing around, This may buy the dollar some time.....

 

Are you suggesting the USA is bombing China to delay a currency devaluation?

 

After 3 day of attacking the dollar and almost crashing the stock market a HUGE explosion happens in a port next to their capital, could just be a coincidence...... I don't believe in coincidence.....

 

X2 wut