Silver is on a tear

EdJonesJeeper said:
3. If the dollar crumbles... do you thing your gold/silver will be worth anything? Your house? Your car... your cash in the bank? The answer is no.
4. The stock market and the American dollar will NEVER crumble/ implode/ blow up or what ever you want to call it. As long as we are consumers in society there will be markets and money to buy those things. Now if people stop consuming and Walmart closed its doors, then I would start worrying. Do you think people are going to stop brushing there teeth because of a recession? Washing there clothes? Doing activities of daily living?
I think there is a lot of pessimisim in this world today but one thing to remember is that we have been here before, survived, learned from our lessons and are even stronger today because of it.
http://www.hartfordinvestor.com/ser...d=1287893687019&pagename=Investor/Page/Common
For some more personal advice please do not hesitate to PM or call me 828-884-7662
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3. Yes, Gold and silver will always remain currency no matter how bad things get. (And they're going to get BAD. Apocalypse bad) Gold and silver will buy the things you NEED to survive. The dollar will be toilet paper. Remember currency is only good if it's accepted by people with things you need. There are already places in the US that use their own currency, not the dollar. In those places the dollar is nothing more than paper. Gold and silver will be accepted anywhere for anything because it can be transferred into any currency past, present, or future.
4. The dollar is already on track to lose status as the fall back currency for the world. The dollar WILL fall. Yes I'm a bit pessimistic, but I prefer to call it being realistic. And prepared. I buy precious metals as a future currency, not an investment.
 
I traded three chickens for a wagon wheel and 10lbs of buffalo meat last week. Best deal I've gotten so far.

Unfortunately, Rebecca died of dysentery.
 
rattlecanpaint said:
3. Yes, Gold and silver will always remain currency no matter how bad things get. (And they're going to get BAD. Apocalypse bad) Gold and silver will buy the things you NEED to survive. The dollar will be toilet paper. Remember currency is only good if it's accepted by people with things you need. There are already places in the US that use their own currency, not the dollar. In those places the dollar is nothing more than paper. Gold and silver will be accepted anywhere for anything because it can be transferred into any currency past, present, or future.
4. The dollar is already on track to lose status as the fall back currency for the world. The dollar WILL fall. Yes I'm a bit pessimistic, but I prefer to call it being realistic. And prepared. I buy precious metals as a future currency, not an investment.
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If it gets to the level you describe...then Gold may be desireable, but who is going to buy it?

I mean if it is "apocolyptic" bad do you really think the local wal mart will trade you some bologna for some gold dust? Hell no the hood rats will have already looted the damn bologna.

So now you have to find a way to sell it outside the US...great how to get it there...well you could get a big ass boat...but then who wants your paltry sum of gold Sir Trump has enough for everyone.

IF the dollar "crashes" none of this shit means anything.
If you think the dollar is going to crash buy the biggest house you can get an interest only loan then when it implodes let them come kick you out. AT least you enjoyed it while it lasted.

Final thought. If you have a "large sum" of money in anything that you contributed and you can not tell us all exactly what the name of it is, what the vehicle of growth is and how you gain access to it...then you are a fool and a fool and his money are ?....you got it.
 
EdJonesJeeper said:
You are doing a FANTASTIC job of preparing for retirement and do not let the news tell you different. You need to do more because we will NOT have s.s. benefits medicare/medicade benefits in the future that we have today.
Remember, all that money in your 401k has not been taxed, so i.e. more money in the pot is working harder for you than if it was after tax money. Granted when you do take that money out (after age 59 1/2) that money will be taxed as ordinary income.
Keep investing and if your not happy with your return, let me take a look at your options to see if there is something that could be working better for you. :driver:
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No offense EdJonesJeeper but I have an Edward Jones guy and he sucks A$$! All he ever says is that I should stay where I'm at with my investments. Heck I can do that. If you were closer I'd talk to you.
 
Ron said:
If it gets to the level you describe...then Gold may be desireable, but who is going to buy it?
I mean if it is "apocolyptic" bad do you really think the local wal mart will trade you some bologna for some gold dust? Hell no the hood rats will have already looted the damn bologna.
So now you have to find a way to sell it outside the US...great how to get it there...well you could get a big ass boat...but then who wants your paltry sum of gold Sir Trump has enough for everyone.
IF the dollar "crashes" none of this shit means anything.
If you think the dollar is going to crash buy the biggest house you can get an interest only loan then when it implodes let them come kick you out. AT least you enjoyed it while it lasted.
Final thought. If you have a "large sum" of money in anything that you contributed and you can not tell us all exactly what the name of it is, what the vehicle of growth is and how you gain access to it...then you are a fool and a fool and his money are ?....you got it.
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You don't sell the gold, you use it to buy things. It's money. Not an investment. (It's in coins, not bars.) It's used for bartering for things you need to survive like food/seeds to grow crops etc. Like a savings account for really bad times.
 
rattlecanpaint said:
You don't sell the gold, you use it to buy things. It's money. Not an investment. (It's in coins, not bars.) It's used for bartering for things you need to survive like food/seeds to grow crops etc. Like a savings account for really bad times.
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I understand the concept...but lets say things go bad...real bad...why do i want gold?

I have crops...you have gold....I eat...you starve then I take the gold from your carcass...

Im just not following the logic...you cant revert to midevial times where there is a currency and barter system and gold is the currency of choice...it doesnt work that way.
 
Tech11 said:
Its not a 401k. I cant touch the money. I dunno what it is, but it comes out and there's a bunch of it sitting there that I can't do anything with now which maybe is good, otherwise I'd have already have drawn against it.
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Even if its a retirement IRA, SEP/Simple, or profit sharing. What ever money you try to take from those accounts you are looking at as much as a 50% THAT GOES STRAIGHT TO THE GOVERNMENT!
That money is yours, its under your and the only control they have over it if you take LARGE sums from it in any given years AND ESPECIALLY if your under 59 1/2 years old
Once I get over the government raping me I think I'm going to fire up a universal life insurance policy, maybe.(TAX FREE retirement) TAKE THAT GUBMENT!
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I set these up too. I have over 8 insurance companies that I work with to find the best rates.
 
Ron said:
I understand the concept...but lets say things go bad...real bad...why do i want gold?
I have crops...you have gold....I eat...you starve then I take the gold from your carcass...
Im just not following the logic...
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Lets say I have crops and cows. You want one of my cows. You offer gold or silver in exchange for my cow. Simple barter.
 
tknopp said:
Lets say I have crops and cows. You want one of my cows. You offer gold or silver in exchange for my cow. Simple barter.
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Lets say I have crops or cows. I tell you to keep your gold, I'd rather eat than look at a shiny piece of metal. Simple common sense. :rolleyes:
 
Tacoma747 said:
Lets say I have crops or cows. I tell you to keep your gold, I'd rather eat than look at a shiny piece of metal. Simple common sense. :rolleyes:
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But do you actually have crops or cows? Silver and gold will not be worth much immediately after the SHTF. Only thing that will matter is food, water, alcohol, tobacco, coffee, and fuel.
 
You can crap on gold and silver and call the people with it stupid all day long, but unless you have crops and cows NOW and/or seeds that will grow crops that produce seed bearing crops I'm not sure you should be casting aspersions wildly.

If you do have crops and cows you should be current in small team/squad tactics, recon, and perimeter defense, first aid, crop rotation, animal husbandry or at least have a group of people who has the skills required to pull all of this together.

What makes the dollar work is everyone agrees that it is worth something. What happens when it becomes worthless? When the wheelbarrow full of it is worth more than it's worth? Then what?

Gold and silver have been around FOREVER, thousands of times longer than the federal reserve note everyone loves. IF it becomes charmin, and we all wanna barter, precious metals can be used as a means of barter. AS can anything else deemed by both parties involved in the trade to hold value.

ie ammunition, sex with daughter/sons/animals, foodstuffs, FA supplies etc etc etc.

The shenanigans the federal reserve and the treasury have been doing should be making EVERYONES blood boil, but if you're not mad you're not paying attention.
 
GimmieBoost said:
But do you actually have crops or cows? Silver and gold will not be worth much immediately after the SHTF. Only thing that will matter is food, water, alcohol, tobacco, coffee, and fuel.
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Thats why I said 'lets say'. I wouldn't really expect to go to Farmer Joe and trade a chunk of gold for a cow, at least not if Farmer Joe had any common sense of what would help him live longer...
 
Lets try this slow and simple.

My grandad has a cattle farm (not supposed true story) I was raised on it.
When the shit hits the fan and my dollars in the bank are worthless 2 cows will feed my family for probably a year or more eating very well.

Now today he has 40 head...they kinda handle the husbandry aspect on their own funny how that works. If we didnt control them through castration and selective penning we could nearly double the herd in 12 months.

But less expand this thought. A mature cow produces roughly 50% of its body weight in merchantable beef. So a 1200lb cow will yield 600lbs of hamburgers. Thats 2400 1/4lbers....365 * 3= 1095. 1 cow yields 3 burgers a day for 2 people.

oh I forgot...how the hell are we going to store that meat..there will be no electricity...or do you think Duke will take your payment in Gold coins?

Still if MONEY is worthless why do I want your shiny metal rocks. I cant get anything with them. Now I may trade my cows for your labor...or I may be generous and give you one, but you can keep your shiny metal. It does me no good.

There has never been a society revert to a gold standard in recorded history. I know I know lets use Rai stones not gold...hell if anything becomes tradeable it will be uranium or silicate not gold.

But wear your tin foil hat and have fun.

All that said Gold CAN BE a great play for capital gain...not a good solution for currency standardization.
 
It means they are no longer taxable nor considered assets.
and it means you/merchants are no longer required to accept federal reserve notes. Its simply a shot at the treasury and federal reserve who is crippling your purchasing power daily.
 
Sometimes it's nice being

I dont know why everyone is suprised. There has been a book written about our current banking system for ages...

agoldenwestclothing.files.wordpress.com_2010_05_in_the_poppy_field_the_wizard_of_oz2.jpg


Classic east side banks vs west side banks......just follow the yellow brick road you will find the Fed Reserve(emerald city)........

It is all planned the banks hijacked the economy by developing the Federal Reserve. Think about all the loot being made. The Banks hate when we turn to the gold standard they need our gold to work. Example of bank, I loan my neighbor $1000 in gold I tell him no worries just repay me in a few years in gold at golds 2011 spot. Who makes out here... this is the business plan our banks work off of....kinda

Exactly 6 months ago I was buying silver bullion at $18 an oz.

"When central banks engage in increased gold purchases, it means they are printing more fiat paper money. “The Federal Reserve Bank no longer shares M3 money supply with the public. Therefore, the public no longer knows exactly how much money is in circulation at any one time. However, the increase in gold is a pretty good barometer of how much money is being created,” - Nicholas Santiago

I suggested silver and gold as an investment 9/23/10 and got responce but could remeber who it was from...

EdJonesJeeper said:
Sure you should buy High and sell low right? Seems to work:confused: Those pay great dividends too. 0%


125 of S&P500 stocks are paying over 3% annual dividend. How much is gold and silver paying? 0 =:poop: How much are banks cd's ans savings paying? You're lucky if you get 1.5%. and your guaranteed no principle growth.:shaking:
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Sorry to call you out but do you still feel the same?
 
^There is ALWAYS a HOT "stock" tip and right now Silver has been that TIP.



I stand by my statment, everything is of cyclical nature and the price of silver/gold will start to come down. I don't know when but compare the longterm gold/silver prices to the s&p 500 and see who wins.
 
Be fearful when others are greedy.
 
The gold and silver prices are no different than housing was five to ten years ago and it's no different than tech stocks were before that.

A lot of people will make a ton of money, but somebody is going to get stuck with it when it goes down in flames.

Take it for all it's worth, but if you don't have a plan to get out of it you will be no different than the people who got stuck with houses worth $100k less than they owe and tech stocks worth pennies on the dollar for what people paid.
 
2 words......Fair Tax

Did you guys know that if we can get the Fair Tax passed in this country...all our 401s would be tax free when withdrawn?

Ive read the books and I think that is the only thing out there that is going to help save this country and put us back on the road to prosperity.

And as for the stock market....hell yeah! Ive bought and sold more stock the last two yrs than I have my whole life. Dont sit on the sidelines and wait,....you will never steal second base if your foot never leaves first.....

Buy and hold might have been fine yrs ago...but you've got to be in there trading if you want to see real gains!
 
thexjfiles said:
Did you guys know that if we can get the Fair Tax passed in this country...all our 401s would be tax free when withdrawn?
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There's no such thing as a free lunch.
 
Shawn said:
There's no such thing as a free lunch.
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There is with the Fair Tax plan.
That's why it's such a solid plan and MUST work.:shaking:

BTW regarding
 
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