Prelude to Currency Wars (latest James Rickards)
- Thread starter valuecreator
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And like before, most people will ignore such prohibitions or interferences.
Gold ownership, wearing of certain clothes (or no clothes
), Alcohol, tobacco, drugs, weapons, musical instruments...even dancing for Chrissakes has been 'b@stardised' by stupid governments. Only the weak willed and indoctrinated actually gave in to that nonsense. The smart people always find a way around such imposed restrictions.
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Earthjade said:
That's along time, should be coming soon then
valuecreator said:
That's the issue isn't it. I can well imagine the socialist/fascist government introducing such laws to steal from anyone they can identify who had the sense to invest in precious metals. Of course, such legislation will make criminals of many people people, but they would not care because they do not care about any concepts of private property rights beyond their own.
Gino said:
This comes down to what you have "on the books" compared to "off the books". They can't confiscate something they don't know you have.
The bigger picture on this is that we know a lot of what's going on today is going to decimate the middle class. TPTB aren't necessarily aiming for a 100% success rate here, 99% would be perfectly fine with them, as would 90% even. If there is a small percentage of the middle class that manage to actually get through what's coming, and "make good" out of it, I don't think - in a bigger picture sense, that this matters too much.
If I can take off my "Politically Correct" hat for a minute, their aim is to get the leechers (those permanently on some form of assistance, those who don't contribute to the overall productivity etc) out of the system, and make them "disappear" so to speak. If I can also put on my "Impassionate" hat, I'd suggest there simply are too many people on the face of the planet right now - too many mouths to feed, too much infrastructure to build and maintain - and it would be of benefit to the planet to reduce those numbers (I won't get into the argument of the percentage reduction).
A good, decent sized economic crisis, in which supply chains collapse, food is hard or impossible to obtain, "wealth" of a good number of people is wiped out would be one way to achieve these sorts of aims without needing to resort to a world war or civil war in many countries.
"Gee, we did our best to prevent this, unfortunately, we weren't able to, and we're really sorry that so many had to suffer. But today is a new day, and from this day forth we as a nation will start the process of rebuilding..." (you can hear the speeches being made now).
A friend of mine keeps a massive amount of cash, that gets bigger as his gold stack grows.
he calls it the "stack protection team"
He wants to be able to sell his gold when he wants to, not when he has to.
So he keeps the cash so he doesn't have to sell the gold.
He also laugh at me with my kilo bars. He has 1-2-5 gr gold and half oz - 50c silver, for when things go ballistic.
Foresight.
he calls it the "stack protection team"
He wants to be able to sell his gold when he wants to, not when he has to.
So he keeps the cash so he doesn't have to sell the gold.
He also laugh at me with my kilo bars. He has 1-2-5 gr gold and half oz - 50c silver, for when things go ballistic.
Foresight.
valuecreator said:
Very good point - I'm like all you folk around here in believing that precious metals are one of the few (only?) ways of preserving wealth with what's headed our way. But this (above) is an important point - like the old adage, "Don't go all in" - you need to keep other forms of trade open and available, so you don't put yourself over a barrel
valuecreator said:
Like your friend, I think it's important to hold some level of your stack in smaller "denominations" - if SHTF, you won't buy a loaf of bread with 1Kg silver bar - and likewise, if you had that to trade, you'd end up with too many loaves of bread. I'm not yet convinced that the entire stack needs to be small denomination, I guess that depends on what you envisage doing with it when you're trading out - but I agree, hold some 5g Perth Mint certicards for gold, or even some Valcambi squares. Hold some 1oz silver coins or bars (I personally haven't gone smaller that 1oz for silver). If you have to trade for small things, then you're covered
I use to buy a 100oz bar for the same money that will get you a Kg today.
It's just a matter of time before a 10oz goes for $800.
Keep in mind that when silver goes in the triple digits, the smaller stuff will be a lot more liquid AND easier to sell under the radar.
It's just a matter of time before a 10oz goes for $800.
Keep in mind that when silver goes in the triple digits, the smaller stuff will be a lot more liquid AND easier to sell under the radar.
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valuecreator said:
Can work both ways.
When you look at the last spike and subsequent crash 100 oz bars get the stack sold faster.
C