Silverthorn
Well-Known Member
Midnight Man said:
I would assume this would be most SHTF preppers thinking. The number of stackers thinking they are going to trade PMs for food in such a situation would be minuscule.
Exactly the situation many here claim to STACK FOR.
- Thread starter sterling-nz
- Start date
I would assume this would be most SHTF preppers thinking. The number of stackers thinking they are going to trade PMs for food in such a situation would be minuscule.
Golden ChipMunk
Well-Known Member
sterling-nz said:Well it is all on over in Greece.
Many here , MANY MANY people here say they stack for a financial collapse and Greece has one
So my question is, how is silver and gold helping these poor sods with little access to currency?
I am sure all of you that stack for financial collapse will have some BS answer about this being different "somehow", but IT IS NOT.
Those in Greece are in the midst of a of their financial armageddon and with no access to big amounts of cash how are they going to sell their PM's?
Are they going to be bartering with PM's when food gets scarce (and it may very well do), i can not see anyone swapping PM's for their only tins of baked beans.
If stacking for "financial collapse" is actually viable then we should expect to see these PM trades in the news in the next 10 days.
I am taking the piss a tad because WE ARE NOT GOING TO SEE PM's USED IN THIS FINANCIAL collapse of Greece, just like they DID NOT in Argentina.
This IS EXACTLY the situation all those stacking for "financial collapse" would expect to be using them.
When the cash runs completely dry (or close to) and they ARE NOT using PM's will you lot stacking for this reason re-evaluate?
Because if they do not use PM's in this situation, THEN THEY NEVER WILL.
You are just a coins collector.
A True Stackers - Stacking the Right stuffs. ( % on different Metals ie Platinum, Gold , Silver)
Never have Love for PM, Just keep stacking, no matter what. May have different stacks of Metals.
Do not condemn what he is stacking nor questions himself later...
So are you a True Metals Stacker??? or just a coins collector
:lol: :lol:
mmissinglink
Active Member
Precious metals are probably most useful for pre- and post-SHTF scenarios. During a serious crisis period, in some regions or countries you may be hard pressed to be able to find a buyer but more than likely, if you do, that buyer will be offering you considerably less for the PM's than spot....so you could end up losing considerable value if you find yourself desperate or forced to sell during the crisis period.
Selling / trading pm's pre-SHTF for things like canned food, fuel, medicines, etc may be the most useful way to utilize your metal commodity.
I like silver....it's shiny.
.
Selling / trading pm's pre-SHTF for things like canned food, fuel, medicines, etc may be the most useful way to utilize your metal commodity.
I like silver....it's shiny.
.
SilverDJ
Well-Known Member
sterling-nz said:
It's simple, those who don't have money in the banks will be safe. Having either cash or PM's does the trick.
A hell of a lot more has to happen before their Euro cash become worthless.
And of course anyone who stacks PM's for SHTF and does not stack cash (outside the banks) also, is just silly.
Even in Australia here with our strong economy, it's not hard to imagine a scenario that could temporarily bring down our banking system and ATM's. it doesn't need to be a banking collapse, it could be a state wide power grid failure for example.
https://en.wikipedia.org/wiki/Northeast_blackout_of_2003
We are always one severe solar storm away from a grid crash.
Always having cash on hand is a wise thing.
sterling-nz
Well-Known Member
Where is the guy at the pawn shop getting his money?Silverthorn said:
Where are they finding the money to travel to another country?
Businesses are going to run out of cash as well you know.
This is not just mom and pop that are losing cash access, IT IS EVERY SINGLE PERSON IN Greece.
Sure with PM's you are not losing cash LIKE IN BANKS, BUT the PM;s are NOT going to help you make purchases are they?
Right now it's obvious that PMs in Greece are not useful for daily purchases, but you can't say they are useless because they are still a store of value disconnected from the euro and the potential drachma. I'm pretty sure there is a huge amount of cash available in Greece right now stored under the mattresses... Where do you think all the money disappeared from the banks in the last few months has gone?
mmissinglink
Active Member
Porcello said:
I believe that sterling-nz's point is that silver is effectively useless during a SHTF crisis period....which it is. If someone wants to take sterling-nz's comment literally, then I suppose the argument could be made that a stack of silver could be used as a door stop, rendering the silver technically not entirely useless. :lol:
I like silver....it's shiny.
.
mmissinglink said:
He's fundentally wrong in attributing a SHTF trading justification to a majority of (Australian) stackers. People with concern for a SHTF event are taking other preparations.
Amongst other reasons, many stackers are seeking to protect themselves from the actions and negative consequences of government, and a belief that there is serious risk in the current financial or monetary systems.
How long will it take for professional gold buyers to fly in from other European capitals,
with wad loads of euros, and start buying up gold at a discount.
Lots of money to be made will ensure a quick marketplace.
I bet they are accessible within 3 days.
They would advance cash on promised return for gold to pawnshops.
Or would use other means.When good money is to be made, greed will find a way.
with wad loads of euros, and start buying up gold at a discount.
Lots of money to be made will ensure a quick marketplace.
I bet they are accessible within 3 days.
They would advance cash on promised return for gold to pawnshops.
Or would use other means.When good money is to be made, greed will find a way.
sterling-nz said:Well it is all on over in Greece.
Many here , MANY MANY people here say they stack for a financial collapse and Greece has one
So my question is, how is silver and gold helping these poor sods with little access to currency?
I am sure all of you that stack for financial collapse will have some BS answer about this being different "somehow", but IT IS NOT.
Those in Greece are in the midst of a of their financial armageddon and with no access to big amounts of cash how are they going to sell their PM's?
Are they going to be bartering with PM's when food gets scarce (and it may very well do), i can not see anyone swapping PM's for their only tins of baked beans.
If stacking for "financial collapse" is actually viable then we should expect to see these PM trades in the news in the next 10 days.
I am taking the piss a tad because WE ARE NOT GOING TO SEE PM's USED IN THIS FINANCIAL collapse of Greece, just like they DID NOT in Argentina.
This IS EXACTLY the situation all those stacking for "financial collapse" would expect to be using them.
When the cash runs completely dry (or close to) and they ARE NOT using PM's will you lot stacking for this reason re-evaluate?
Because if they do not use PM's in this situation, THEN THEY NEVER WILL.
As a spectator it's not easy to understand the situation in Greece or Argentina. This is not armageddon, don't get me wrong Greece is in severe financial distress but life goes on. People will still need to conduct trade and to do so they need the most liquid medium of exchange in order to satisfy basic human needs of food and shelter. The euro and argentine pesso is an easily divisible unit of account for small ticket items. Had you ever thought what if someone needs to buy and sell a car or a house? If you want to buy an apartment in Buenos Aires today you will see prices in USD. Culturally in south america its not uncommon to do deals in big ticket items with combined payment with cash and barter (yes gold) in normal economic conditions. When it comes to big ticket items people want payment in some sort of reserve asset USD or gold because it represents less risk than holding the local currency. Gold can be used for trade, because it has not been monetized to buy souvlaki does not invalidate its use.
My Understanding if we are talking financial collapse to its full potential, is that all coins minted Gold or Silver are owned by the government under the currency Act and they can recall their property....
So I only stack rounds or bars so I own it and it can't be taken back by the government plus purchase under $5000 at a time so there is no government record as well.
Please correct me if I'm wrong in this respect.
Love the thread by the way and its great to hear the diverse array of opinions.
Many Thanks To ALL !!!!!
So I only stack rounds or bars so I own it and it can't be taken back by the government plus purchase under $5000 at a time so there is no government record as well.
Please correct me if I'm wrong in this respect.
Love the thread by the way and its great to hear the diverse array of opinions.
Many Thanks To ALL !!!!!
kramer said:
It would probably be in the form of a buyback scheme over a period of time.
Imagine if it went to vote tomorrow - WE NEED YOUR GOLD TO FIGHT TERRORISM and to PROTECT AUSTRALIA.
Imagine if it went to vote in a few years time - WE NEED YOUR GOLD TO SAVE THE ECONOMY SO YOU CAN FEED YOUR CHILDREN.
Anyone failing to sell (hand over) their stack back to Govt. over that period of time will be unable to buy-sell-hold PM's ... if it were illegal to do so. Think gun laws.
There's possibly a hell of lot more people that don't hold PM's and would fall for the propaganda.
Not saying this will happen anytime soon or ever, but I think it could be policed with the stroke of a pen. Not so much who has what (after the buyback) but more so rendering your stack virtually worthless if you are unable to ever use it.