Precious metals

I can't intelligibly comment on that. Sorry.

 

This is Tacomaworld , I think you're looking for AboveTopSecret.com

 

I like conspiracy theories a little more than the next guy but the huge explosion in China has no USA involvement. It's most likely the result the crap, cost cutting mentality of the new Chinese economy and culture.

If you want to show evidence of the US propping up the Petrol Dollar talk about Libya and Iraq.

 

OK I may have went too far on that one and I have no proof but when you see how huge the explosion was and the damage, someone did something and it's not Russia.... We have done tons of these things in the past and the timing is crazy.....

But, yes both Saddam and Qaddafi were trying to sell oil for gold and Syria is selling oil on the open market....Iran, Cuba, Central America, South America now Africa.... That's why none of these countries want to support the dollar anymore....

 

The company involved had a bad record of mishandling dangerous goods. All it takes is one mistake with the wrong products and boom! Remember the explosion at the fertilizer plant in Texas not to long ago. It's almost the same thing. Wrong people handling the wrong stuff at the wrong time. Probably some idiot placed the wrong container, full of something that was either extremely reactive, pressurized, or sensitive, next to a container that leaked something out and set a bit of the hazardous goods off. The second explosion is the rest of the goods in the container cooking off once the proper temperatures are reached.

If it was sabotage I doubt the USA would waste there time building a delayed second explosion into the mix, which doubles there risk.

Canada has the worlds second largest reserves of oil in the world and we are happy to accept US dollars. North America is basically producing more oil right now than it has in 20 years because of advancing technology. Maybe that's why the USA doesn't care about Syria right now.

Anyways thanks for the conspiracy theories. I'm out.

 

I looked at the mishap, there were storing large amounts of calcium carbide, not sure what made the boom, but they estimate by ground shock about 40 metric tons of TNT equivalent, we store ten times that amount of high explosives in a single magazine, and a magazine field might have 200 separate magazines.

 

Back to land.....

And yes part of your plan should be land but it's not an end all because ultimately we can never get full title and the gov gets to tell you how you can use your land(if you build on it, what you can build, if you can plant, how many people can live there, catch or storing water ect) tax you, charge fees, or steal it, like BLM is trying to do out west.... We just had a small town Mayor have a secret meeting at night and when there were no objections they confiscated an "abandoned" cemetery because the mayor wanted the land next to his house.... http://www.ruralhomecemetery.com/welcome/

I am planning for financial reboot not for total SHTF scenario but having a farm is a great idea, my next step is getting more land and moving further out of town...... I'm hoping that when the silver is going up that land is going down and I can convert some silver to land....

If banking shuts down for 2-6 months that is very real and happening in Greece right now.... So what is happening there is a good indication of what will happen here with the reset......

 

If things turn bad, the banks won't be loaning and if the only way things will move is cash, you should be good.

 

I 100% agree with your assessment regarding the explosion in China and how it's route cause is most likely cost cutting, poor quality, bad safety record, carelessness etc... However to ignore the petrol dollar and it's significance to the United States (key to remaining the world power) and to simply dismiss it as a conspiracy theory is idiotic. If you understand history and simple economics you would know the petro dollar originated from the Bretton Woods agreement and was solidified by the agreement Richard Nixon negotiated with the Saudi's, where Saudi would denominate all oil sales in USD. This allowed the US to export it's inflation, by nearly forcing all major trading countries to have a large USD reserve or USD holdings. Now if you think the United States wouldn't take action against anyone (say a dictator of a major oil producer) who tries to destroy or threatens the petrol dollar then you're naive. You're probably one of those people who dismissed the idea of the US Government monitoring or spying on all it's citizen as a simple and crazy conspiracy theory. Can you say NSA and Eric Snowden?

 

It's not what happened it was the timing and the scale, but we won't know for years.........

http://www.cnn.com/2003/US/03/04/n.korea.bombers/index.html?s=PM:US

Just another coincidence, real life is more exciting than any movie............. we are in a currency war........

 

Seams like China lower the Yuan was actually them decoupling the Yuan from the Dollar.......... We had an agreement to link the Yuan and the Dollar and seams like they just broke that agreement, but we will see......

 

Now I'm confused, which agreement between China and the US coupled or pegged the Yuan to the USD? I thought China was the one who pegged the Yuan to the USD? Which I thought the US Government never liked, preferring the float? It prohibits the US from exporting our inflation and our (US) ability to remain competitive by devaluing our currency?

 

Okay going back on topic, precious metals. I personally don't view PM as an investment, to me they're more like an insurance (against hyper inflation, end of the petro dollar... whatever). When I talk to people about PM a lot of them are usually quick to point out and state "aren't stocks/equity or land or bit coin" you name it better investments than PM? Why does it have to me mutually exclusive? I would consider myself a gold/silver bug, but only roughly 5% of my net worth (excluding primary house) is in PM. I have roughly 50% invested in rental properties (positive cash flow), 40% in the market, and remaining ~5% in pure cash. So just because someone is advocating acquiring PM, doesn't mean you should dump everything and go 100% long into PM, but rather just have some just in case. Fiat currencies come and go (regime changes) or get re-evaluated all the time, from the Weimar Republic, Soviet Ruble, Argentina ('01 & '14), Zimbabwe, to even the Roman Empire. It doesn't hurt to have some PM just in case.

 

I look at PMs as insurance and an investment... Some is for insurance and some is for trading.... A great trade is being set up right now by the fed... I'm lucky enough to have a monthly budget for investing.... So what is the best buy right now??? I believe PMs. The stock market is not a good buy right now today, the down side risk is too high so why put new money there??? So my new money I'm putting in physical PMs because I don't trust the ETFs, plus there is a currency devaluation coming and there is a shortage of PMs at these prices for big investors....

Some of my metal I hope to pass on for the generation and some I'll use for retirement and some I'm going to try to top the market and convert to the next trade and I hope that is land at that time, a business or back into stocks.....

So PMs can be used different ways just like anything, it's a tool and should be at least part of your portfolio .....

 

I never said there wasn't a relationship between oil, the US dollar, and world US dollar holdings but I don't think BRIC or the EU is trying to participate in a currency war. Anyways I was trying to exit nicely but it's obvious you can't help yourself from going on a rant about how little I know when exactly the opposite is true. I just don't enjoy speculative theories and have no wish to participate in them further.

 

The BRICS (don't leave out South Africa) formation is in direct competition to the dollar... Almost every war has been ultimately fought over banking and money, so the BRICS by definition is a currency war to see who will control world banking... Do you think they are just going to stand by and let the BRICS just start up an alternative money system for the world? No.... All the illegal trading and manipulation is the only reason PMs are good investment.... That's one of the reasons I'm switching to PMs is the dollar is on the way out and they all know it, either this year or in 7 years but it's out...

 

The main goal, in the last three years of BRICS, has been to stabilize the currency markets of the member nations, which hasn't happened. That doesn't include destabilizing the dollar. BRICS development bank lends in US dollars, just FYI, and participates in IMF lending. I don't see why the US would care about another lending mechanism outside of their control. The EU and UN lend money outside of US control already. Are they going to go into a currency war with those organizations too??

US dollar foreign use as a reserve currency has fluctuated between 50%-75% of the total reserve currency market in the world. Right now it is at 64%. If someone was planning to dump on the US dollar wouldn't that number be trending higher, not average?

Iran switched to trading in Euro's in 2003. The other countries you mentioned have been trading on the side in euro's for quite sometime as well. It's nothing new.

If OPEC chooses to trade in Euro it will destabilize the dollar. How much? No one knows. PM, or Euro's, holdings would equally help protect against that.

BRICS isn't even close to being financially/economically stable. There members, in general, have huge disagreements over several key political, economic, and territorial issues. Anyways, like I said, I'm not going to sit here and call you crazy. For all I know the entire banking system is controlled by people who want the US dollar to fail. I don't support or share your view, and I'll leave it at that.

 

Correct they aren't trying to destabilize the dollar, but replace it 100%... They don't want any more dollars... So from their perspective they are just trying to protect themselves from the feds over printing and inflation... But from the western banking perspective, it is an assault on their whole system... China and Russia are dumping their T Bills and not replacing them... Non of these countries are looking for dollars or are reducing their dollars and switching to the Yuan... Saudi Arabia is almost out oil so we have to make trade agreements with Iran and remove sanctions to get oil in the future....

Instead of rebuilding our country's infrastructure and fixing our broken pension social security programs we keep wasting money on military spending and wars that only cost us more money down the line....

I don't think the fed is purposely ruining the dollar but just letting it run it's course and preparing for the next dollar....

1973 all over again, we won't wake up one day to the end of the world, just higher prices and import shortages...