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I agree with most of what you said except the buying of silver and gold...can't eat them last time I checked.
Originally posted by benrl
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
I buy things I can use, hard goods.
Gold and silver in my safe are pretty useless to most people, if you have the funds, buy silver (lower cost, easier to obtain)
and the rest staple goods, dried grains etc.
Invest in yourself, take a mechanics course, survival, first aid, etc, things you can use.
Worst case you end up knowing more, best case it saves your life.
Originally posted by Wrabbit2000
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
Someone with limited money? Well...Look at the Great Depression. You can't eat or drink precious metals and stiff drinks over healthy dinners may come to mean more than anything in times sooner than we'd all like.
I don't have a way to test silver to see if it's silver. Same with gold for that matter. Do you?
Originally posted by benrl
In all honestly how long can people continue to support a system that allows banks to reap the blood sweat and tears of the common man?
Just look at Detroit, they are talking about a "bail in" Cutting the pensions there in order to bail out the banks... Because the banks are "too important to face the loss"
JPMorganChase, Citi, Cerberus, and Morgan Stanley are among the firms lobbying Washington to let them take over and run corporate pension funds
Some of the folks that brought us the subprime meltdown and the global credit crisis have a bold new idea that could solve a slew of problems for U.S. companies—but also might cause a whole set of troubles for employees.
A broad coalition of Wall Street firms, from banks and insurers to hedge funds and private equity firms, are pushing lawmakers to let them buy and manage so-called frozen corporate pension plans, which no longer accept new members but must continue to cover current ones.
According to a report released today by the (IDC) fees paid to Wall Street firms managing the State Pension Fund surged 163 percent during the last five years even though pension fund investments faltered. The report states the fee increases cost almost $758 million while the pension fund had a net negative investment return during that time.
Originally posted by RedShirt73
reply to post by benrl
So basically what your saying is that the US, in 10 to 20 years, will be like mad max territory, lol.
Originally posted by Thunderheart
I agree with most of what you said except the buying of silver and gold...can't eat them last time I checked.
Originally posted by benrl
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
I buy things I can use, hard goods.
Gold and silver in my safe are pretty useless to most people, if you have the funds, buy silver (lower cost, easier to obtain)
and the rest staple goods, dried grains etc.
Invest in yourself, take a mechanics course, survival, first aid, etc, things you can use.
Worst case you end up knowing more, best case it saves your life.
Originally posted by Mamatus
Oh Bull#, the Banks have been about to collapse every month. Wah Wah Wah, get a damn grip.
Originally posted by Wrabbit2000
Originally posted by GogoVicMorrow
reply to post by METACOMET
I would be interested in hearing some opinions on gold and silver here. Continue to buy gold if you have limited money or will it go any lower? Obviously spring was great for silverbpurchase. I figured someone was behind the price crash. Will we see it go back up?
I think gold and silver is a great idea for someone with plenty of extra money to invest because someday, eventually, a currency will replace this one when it soon crashes. I think many of us see by now how it can do nothing else by exponentially climbing numbers no one even attempts to explain a way to pay off anymore.
Someone with limited money? Well...Look at the Great Depression. You can't eat or drink precious metals and stiff drinks over healthy dinners may come to mean more than anything in times sooner than we'd all like.
I don't have a way to test silver to see if it's silver. Same with gold for that matter. Do you?
A Storage Wars show had coins come out of one that were Silver Dollars. There was a slight difference sitting next to the real ones in appearance by some age coloring but they didn't mention that. They said magnet testing is the best way for that particular scam. ...Umm.. people have full presses for fakes like that?? I'm not trusting much in a SHTF situation. I say buy useful things before inflation makes them more expensive. Clothes and important stuff.
Originally posted by stirling
Regardless of the WHEN.....the premise is reasonably underpinned........
How WILL the debt be serviced in a shrinking economy?
Eventually all the doom porn will come true......the simple mathematics of the situation demand a reset........
Barring the miracle of technological innovation,(cold fusion, zero point energy, etc etc) or some other major change, we are in the garbage chute regardless what floor we happen to be passing at the moment.
The brightest minds and the wilyest money changers aren't going to be able o fix the unfixable before it comes crashing to a halt......
Originally posted by RedShirt73
One question that's been bugging me lately. The US government is saying that their in a recovery as we can hear all over the MSM and from the political meatslabs. Yet there are cities/towns in the US that are going bankrupt??? I may have just had a stroke or I might be alittle slow on the uptake but this doesn't sound like a recovery more like the beginnings/early stages of a major collapse. Can someone please explain this to me???edit on 7-8-2013 by RedShirt73 because: (no reason given)