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Survival and Preparations Long and short term survival and 'prepping'. |
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#321
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Been known to happen on the internet, anything to add?
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#323
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Depends
If the perceived crisis is dollar valuation declining yes, but if it's deflationary ... NO |
#325
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Not sure on how the potential of this nation becoming one of the biggest exporters of gas will tip the scales. The value of something is what people will pay for it. Ask the guys who bought $3000.00 AR 15s 6 months ago.
__________________
California's politicians and unionized government employees are a crime gang that makes the Mexican drug cartels look like a Girl Scout Troop in comparison. |
#326
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Can you explain this in simple terms, please?
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NRA Benefactor Member |
#327
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Sure
[QUOTE=GW;12795642]Can you explain this in simple terms, please?[/If money flows out continuously it's likely to cause assets to rise in value, inflate. People need to put the money in stocks, bonds, silver, gold, etc. if money stops flowing, QE ends, and becomes more difficult to get those assets can decline as people sale them for less and less dollars especially if those dollars are needed....say to service a $17 trillion debt.
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#328
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that didn't take long to get your under $20 for silver Ripon. For this month's purchase I guess I'll average down a little more, but up my lead content.
China games? best of luck to all Quote:
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#329
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Not me
The only silver I have is for SHTF and that is just enough to handle any debts I might keep on the books - debts and silver would be a God send in a state of hyper inflation. The debt will be easy to pay off and the silver will rock in value. It would have to be done quickly and timed well.
Those who buy volume silver / gold for investment sake best have inside information about the manipulators who control the markets want to do. George Soros and company make the decisions on its value - not me, not you, but the game players with no rules. |
#330
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What do Asians understand we westerners just can't get a grip on?
I was picking up some goodies at my local gold vendor the other day so I could go boating and it was busier than last time. Supplies are mostly older coins, 2013 are pretty much gone. This was shot a couple days ago in Bangkok. Yeah they know how to roll. |
#331
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If we couldn't buy guns and ammo, there would be more stores like that here too. It's all about balance. @ripon I hear what you are saying, but if hyper inflation hits I'm keeping any debt I have and using newly inflated assets to invest in more of whatever looks good at the time. |
#333
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Good Choice
That would make sense, but if we truly hyper inflate I don't want to be the one holding bags of silver. I don't have much debt, and would pay it off easily and then invest in more land.
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#334
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Anyways, I agree. You can never go wrong with land. That is my plan as well. Next up tick in gold and Im cashing out to buy some land outside of CA.
__________________
A note to the NSA or anyone gathering information on me, this disclaimer is for you..."Everything I type on this website Is purely fictional and for entertainment purposes only. None of it is true." Also, sometimes I type in CAPS to emphasize a POINT. Please dont interpret that as YELLING. Sorry if I HURT any fuzzy little bunny's FEELINGS out there. |
#335
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In the end, it's going to be an individual decision based upon your needs at that time. There won't be a "one size fits" formula to help everyone sleep at night. That said, if ones debt is on a variable rate then yes..... Pay it off if possible. |
#336
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It's probably wishful thinking to think you will be able to pay any debt off in hyperinflation let alone say a home mortgage of $150k. In an age of technology where data travels in nano seconds, by the time you walk outside at your first break at work to go fill your tank, gas will be $150 a gallon, cash only. All financial institutions will be on lock down so no atm for you or ever being able to access that 401k, everything went BK and bail-ins start to support the US Gubermint in this time of tragedy.
You were smart and had $10k stashed in the mattress. Great you get (10) loaves of bread tomorrow. Gold/Silver are probably no better as they will most likely be confiscated for a new currency back by something other than hot air. They might be your saving grace to get out of the country as the dollar is burned for heat. NO DEBT before hyperinflation is much preferred because even a socialist rule may take effect that says, the Government guarantees that home loan and we is taking it ! There will be no "You like your home then you can keep your home". |
#337
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Ah except
My debt is for some rural land, and some of it I've mangled to level and till into row crop. We can grow a lot of different stuff. We did a wheat grass on a few acres this summer and created 760 gallons of bio diesel. So at $150 a gallon I can walk the future TP in and pay off the mtg.
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#338
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http://www.sweetliberty.org/issues/eo/eo12919.htm THE WHITE HOUSE Office of the Press Secretary For Immediate Release June 6, 1994 EXECUTIVE ORDER 12919 NATIONAL DEFENSE INDUSTRIAL RESOURCES PREPAREDNESS By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Defense Production Act of 1950, as amended (64 Stat. 798; 50 U.S.C. App. 2061, et seq.), and section 301 of title 3, United States Code, and as Commander in Chief of the Armed Forces of the United States, it is hereby ordered as follows: Sec. 203. Maximizing Domestic Energy Supplies. The authority of the President to perform the functions provided by subsection 101(c) of the Act is delegated to the Secretary of Commerce, who shall redelegate to the Secretary of Energy the authority to make the findings described in subsection 101(c)(2)(A) that the materials (including equipment), services, and facilities are critical and essential. The Secretary of Commerce shall make the finding described in subsection 101(c)(2)(A) of the Act that the materials (including equipment), services, or facilities are scarce, and the finding described in subsection 101(c)(2)(B) that it is necessary to use the authority provided by subsection 101(c)(1). |
#339
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Best Part
By the time they find me I'll be sitting on a beach earning 20% ( from Die Hard)...seriously I get that, but our local is so far removed by the time they reach us we will be set for life.
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#340
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BTW silver under $19.3 at one point this week? I see $16 in a few months.
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#341
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My 4 year horizon isn't changing. |
#342
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goldsilver.com has free shipping right now. Tax in CA though...
__________________
Shop Amazon and contribute to CGF! click this link before going to amazon.com http://www.shop42a.com www.appleseedinfo.org "Everyone has a plan, till they get punched in the face." -Mike Tyson |
#343
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Answer: *No*, with everyone on margin, precious metals are the fastest thing that gets sold.
In 2008, preious metals took a whacking like everything else. bv |
#344
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Less uncertainty:
2 yr budget deal, Though we still have to get through the debt limit, takes most of the Washington drag off the table Jobs steadily improving "When are we going to start to stop QE" question finally answered. All bad things for PM's imho. I never liked the Gold/Silver narrative the last few years, it was all based on irrational fear then rational value based analytics. |
#345
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QE can never stop, only grow, they will just call it something else in a couple months. In a few months we will be hearing how painful it is to service our national debt with higher interest rates. Insurance is the only game in town. Golden opportunity to stack Gold/Silver, the market is being manipulated atm to free up supplies from the weak. |
#346
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This. The only way to "service" the debt (we're on our knees b__wing it already) is to inflate our way out of it. Fundamentally, it is a true statement. But how will politics affect it?
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#347
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Exporting nations have little choice but to keep buying Treasuries.. and the main holders of American debt, the American people .. haven't shown a lack of appetite for it. You keep on thinking nobody will buy Treasuries.. never happened in history.. yet you are predicting it will start any second now based on some sort of gut feeling.. Quote:
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That said.. Farm bill still has yet to be passed... Extended UE benefits still have a chance of getting put back in. 45 months of the total number of jobs going up each month... at what point do you acknowledge that it is happening? Quote:
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ZOMG, we'll run out of dollars! Check gold prices this morning... how they looking? |
#348
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#351
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Johnnie,
Govt jobs have been contracting by in large, though that is coming to an end. You can also filter out government jobs in the data and you'll still see millions of private sector jobs added since mid 2009 after the stimulus kicked in. The data is there for all to see, many choose not to see it. The fact is we are growing, qe is beginning to end and political stalemates look to end for awhile. All highly negative for gold. |
#352
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That chart plus most data I see still says a long slow painful slide in price for years to come.
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#353
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Interesting article on how banks are rigging the gold and silver prices. http://www.bloomberg.com/news/2013-1...ld-prices.html
__________________
Shop Amazon and contribute to CGF! click this link before going to amazon.com http://www.shop42a.com www.appleseedinfo.org "Everyone has a plan, till they get punched in the face." -Mike Tyson |
#354
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So where should the current price really be? |
#355
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My $100 dollar bill: Costs 12.7 cents to produce and burns with a match
http://www.federalreserve.gov/faqs/currency_12771.htm My 1 oz. Gold Coin: The Mines of South Africa can descend as far as 12,000 feet and reach temperatures of 130°F. To produce an ounce of gold requires 38 man hours, 1400 gallons of water, enough electricity to run a large house for ten days, and chemicals such as cyanide, acids, lead, borax, and lime. In order to extract South Africa’s yearly output of 500 tons of gold, nearly 70 million tons of earth are raised and milled. And Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts. http://facts.randomhistory.com/2009/03/09_gold.html I will stack the Gold stuff, especially when it's on SALE ! Barbarous Relic... Shhhhh... The Gold is Gone... More boating accidents ! http://www.zerohedge.com/news/2013-1...-are-empty-why |
#356
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No more that twice the cost of mining IMO.
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#357
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I would think that is realistic "until" the relic is no longer available, then of course the price WILL go ballistic.
Those days are coming as the sheep realize they are trading an item globally that represents zip. Government = ZIP |
#358
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#360
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Gold and Silver will keep going down as the economy improves...the PM flight to safety play is over...until the next financial crisis.
But in the meantime I see gold dipping to around $1,000 in the first quarter 2014 and Silver as low as $15. I don't see PM's as a good investment in the upcoming year or years...If the Fed continues to reduce bond purchases add interest rates rise, gold could drop to $800 and Silver back under $10. I do NOT see Gold under any circumstance going over $1,300-$1,400 or Silver over $22. |
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