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Survival and Preparations Long and short term survival and 'prepping'. |
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#441
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Are Gold and Silver gonna keep going down?
It might hit 1500 before 800. But it will break below 1000 again in the next few years.
So yep, get ready for the long painful ride. Or I should say, get used to the long painful ride that's been going on for 2 years and will continue. Last edited by therealnickb; 02-14-2014 at 7:07 AM.. |
#442
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Oh, August 2012? and it proceeded to drop $400 below it's peak it hit then? Commodities are volatile, they are not a safe/stable investment. Gold is merely displaying this. Enjoy your single, overvalued, asset class.. and the rewards... and risk thereof. |
#444
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relatively new to PMs here... Could anyone advise me on the pros & cons of using a monthly silver purchase plan?
I'm sure I want to take physical possession of my PMs, and am thinking that by doing these monthly purchase programs, I can save a ton of money on shipping, by waiting til I've met the minimum orders, and not having to pay c/c transaction fees. Any opinions, or feedback from people who have or have had reason not to participate in such programs? My situation: I could afford to put approx $150 a month in to PMs, but to spend that per month, on a new order each month would eat away at my total PM purchase, due to shipping, and c/c fees. If I could pay the $150 per month, and then when I have enough for a 1 KG bar of silver, or an ounce of gold, take physical possession at that time. Please, PM me, since this might be considered slightly "off-topic" |
#445
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Wasn't that long ago (Fall 2012) that Silver was hovering below $35 and these same fools and idiots were predicting imminent price rise to $50 and then soaring to $120 so you better buy Silver now. Here's some charts so you can review how that worked out. http://silverprice.org/silver-price-history.html All Precious Metal Prophets are charlatans. They make up meaningless jargon like "breaking the 200 day moving average" to blow smoke in your face, trying to make their Prophecies sound reasoned and plausible. Felix the Cat, if you must speculate in Silver, put your monthly cash into a canning jar until you have a thousand or two, then make your buy. Shop around locally to see if there are any brick and mortar dealers that gain your trust. There are a few online dealers that usually don't charge too much. Don't make it complicated, use a canning jar. Never mistake precious metals for an investment. You can get better odds in Reno and scantily clad pretty girls will bring you booze. The market is randomly volatile except when it's being manipulated by billionaires.
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Better Way to Search CalGuns - https://www.google.com/cse/home?cx=0...78:pzxbzjzh1zk CA Bill Search - https://leginfo.legislature.ca.gov California Rifle and Pistol Association - http://crpa.org/ Sacramento County Sheriff Concealed Carry Info - Search 'Concealed Weapons Permit Information Sacramento' Second Amendment Foundation - http://www.saf.org Animated US Map Showing Progress of Concealed Carry Laws 1986 to 2021 http://www.gun-nuttery.com/rtc.php |
#446
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I worked with a guy in the early 90s that would tell us everyday that we were stupid for not investing in gold. That was 20 years ago and the world was going to collapse at any second. He put all of his money in gold. He lost his ***.
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#447
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In the early 80s my dads friend would come over and talk about all of his prepping. He bought one of the new nissan or datsun trucks. He said he bought it because things were about to collapse and there would be no more spare parts. He wanted the japanese truck because it wouldnt need parts. He spent a ton of money on stuff that he never used.
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#448
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Price for Gold has increased 400% over the last two decades. If he sold near the recent high, he could have had 500% which isn't bad for a storage of wealth.
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#449
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Hmm
What was Amazon the other day - 4000 percent in one decade? I'm not sure it was amazon or which one it was. I know that I'm 48 and wish I could tap my IRA now without the penalties; oh well.
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#451
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Doesn't matter. If you hold tangible goods, that's all that matters. No one is going to want your money if things get really bad.
You could just get a small gold coing and maybe hack off a few pieces and use it to 'buy' whatever it is you need. The difficult part will be finding how much gold equates to what kind of product and how much of it you will get for said amount of hacked-off gold pieces.
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My YouTube Project: http://www.youtube.com/user/BlueonGoldZ/videos |
#452
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Gold and silver are insurance for the darkest times, not a day to day investment. Buy some, keep them, and move on. You can never have enough PMs to retire on but you could have enough to see yourself through a collapse when folks still find silver attractive, right before the point when people realize you can't eat silver.
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#453
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Ha! 25k in 22LR ammo at .015c ea before Obama and sold during middle of panic for .40c ea would have netted you over 650k in profit in 5 months. |
#454
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Yeah!!!... I have done better selling ammo I bought 5 years ago than my PM's.
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#455
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The vast majority I know that built substantial wealth did it in real estate. Not all but most. I don't personally know anyone that became wealthy in pm. I'm talking about becoming wealthy not a wealthy person that increased wealth.
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#457
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For every stock that was a high flyer there are 20 that crashed and burned or never made it out of the gates. Sure everyone is elated the market gained 30% last year but that isn't the norm. Markets are manipulated, all of them.
Taking historical charts we can see Gold to the S&P and real estate. They show different facts than posted here. Also every time a company lags inside the S&P it is kicked to the curb and a strong replacement stock is inserted. Skews the numbers and facts. Gold needs no such help, it stands the test of time. Ammo...heh heh Cabbage patch dolls were hot once too. http://www.mining.com/this-50-year-c...-stocks-39584/ If you purchased the equivalent in gold as the price of a house in 1980-1982, today you could buy 3 of the same average homes with the gold. http://www.sharelynx.com/chartstemp/USHLSPOG.php |
#459
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If you took the equivalent of a house price and invested it into stocks instead of gold.. what is the return over the same period? What is the return with dividends reinvested? (from January of 1980 or 1982 to January of 2014) For 1980 w/o dividends: 1548.972% For 1980 w/ dividends: 4028.760% For 1982 w/o dividends: 1459.003% For 1982 w/ dividends: 3428.950% Yeah stocks win again. The longer the time horizon the more the noise is taken out and the more you can see which asset classes collect the most dollars. It makes perfect sense that a huge collection of industries whose sole focus is to make more money... actually does so... Where gold, just sits there and does nothing. But for you you think sitting and doing nothing will defeat ingenuity, hard work and innovation.. http://dqydj.net/sp-500-return-calculator/ For gold: http://dqydj.net/inflation-adjusted-...rn-calculator/ Ain't even close! You want to be / stay poor.. invest in gold. If you want to be rich, find productive assets and invest in them. |
#461
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I'm not arguing that stocks can out perform Golds returns, PM's are money and have shown over long periods they store wealth. As far as real estate, there is a lot more to owning a home or investment property than just the price. Costs costs costs, vacancy, repairs, taxes, depreciation must be re-capitalize when sold more taxes. I own raw land, taxes under $100 a yr. and a 10 bagger so far. Long term hold and another storage of wealth. If your banking on RE and SHTF comes, say your house is burnt down with 1000's if not 10,000's of others. Think the insurance company goes BK? Bet they do and now you owe the bank for raw land and the clean up. We already know what a minor stock crash feels like, image a big one, coupled with bank runs and BK's. Gulp ! Stocks carry risk, house are a home not an investment. Investment RE carries risk. Risk reward. I enjoy having some Gold and always will. |
#462
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Silver US coins...
Thats the ticket@
__________________
God so loved the world He gave His only Son... Believe in Him and have everlasting life. John 3:16 NRA,,, Lifer United Air Epic Fail Video ... https://www.youtube.com/watch?v=u99Q7pNAjvg |
#463
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Still missing the point. Business traded on public exchanges file piles of financial data and send it to investors and regulators. We can "invest" in well run businesses or gamble with the "hot trades" of the day. Just like people that buy gold hand over fist when doom and gloom are all the rage, many buy the dot com or solar or whatever "new and great" stock of the day as it climbs for no sound reason. Metals are not a bad thing to own, but if you are planning your future on them you are doing it wrong. (Unless of course you are a dealer and simply making a % on each sale.) |
#464
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They are a productive asset. Gold is not. It sits there. That is it. You can store wealth or make wealth. Stocks make wealth.. gold might store wealth but buying at such lofty levels as it is at now I think will show to be a much poorer return over time. |
#465
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Couldn't agree more. While I own some PM's, notably lead, silver, copper and gold, they are a relatively insignificant part if the over all portfolio. No one, to my knowledge, has ever gotten rich investing in PM. A few have made some money speculating (gambling) with them. But over time, the stock market and index finds are the better way to put your money to work. Think about it. Are the people who are trying to sell you PM's doing it because it's good for you or good for them?
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NRA Life Member GOA Life Member USMC '71 - '78 "I am only one; but still I am one. I cannot do everything; but still I can do something; and because I cannot do everything, I will not refuse to do the something that I can do." Edward Everett Hale |
#466
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Manipulated
You are correct. The markets are manipulated. Especially gold and silver markets!
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#467
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Score : Gold $ 1,327 Silver $ 21.95 |
#469
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20 dead bankers being linked to PM's by "V" in Europe.
Coast to Coast a fun listen. Be prepared ! http://www.youtube.com/watch?v=Y8DJn...id=P-PdYTntr88 |
#470
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This could be really simple....if society stays down for 6-12 months...who care what gold and silver are worth? Banks are gone...money is worthless. If a functional government is ever installed that honors gold and silver...maybe keep it. I just don't see the point.
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#471
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Hmm
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#473
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"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." -- Thomas Jefferson 9mm + 5.56mm = .45ACP + 7.62 NATO = 10mm + 6.8 SPC = Et Verbum caro factum est et habitavit in nobis; Jn 1:14 |
#475
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It always goes up eventually....
__________________
God so loved the world He gave His only Son... Believe in Him and have everlasting life. John 3:16 NRA,,, Lifer United Air Epic Fail Video ... https://www.youtube.com/watch?v=u99Q7pNAjvg |
#478
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What else you got? |
#480
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Up 10%
I'll be honest and say I did not expect it to go from 19.2 to $22, but I will reiterate that I would never invest in PMs. I will hold the PMs I need for SHTF and recommend that to all. I still don't see it as a shinny year for shinny things.
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