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The time is now to start buying silver and gold....

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posted on Sep, 4 2009 @ 11:39 AM
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'

Originally posted by whaaa
Metals now is a sellers market. Good luck trying to find someone to buy if you need to cash in and if you do, Expect all kind of BS penalities and way below spot.


And what do you base this drivvel on? I would love to see a link to a credit worthy source. go on, show us the beef


PEACE,
RK




posted on Sep, 4 2009 @ 11:52 AM
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reply to post by pixanomaly
 


GOLD DOESNT BRING HAPPINESS??
you have never held a 500g bar of pure gold in your hands have you?
YOU CANT EAT GOLD
when everyone else is holding worthless paper dollars and you have gold, i suggest you would be surprised what and how much food you could trade for it. but most ppl who are holding a fair bit o gold will no doubt have plenty of food stored up too. imo


PEACE,
RK



posted on Sep, 4 2009 @ 11:57 AM
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history shows all fiat currencies bite the dust but gold is still around after 5000 years.ever since the first cavemen used shells as a means of exchange,only gold still has value and every currency ever invented is now just a collector's item.
paper money is just paper backed by the full trust and faith in the gov.
hahaaaa
the gov!



posted on Sep, 4 2009 @ 11:57 AM
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history shows all fiat currencies bite the dust but gold is still around after 5000 years.ever since the first cavemen used shells as a means of exchange,only gold still has value and every currency ever invented is now just a collector's item.
paper money is just paper backed by the full trust and faith in the gov.
hahaaaa
the gov!



posted on Sep, 4 2009 @ 01:57 PM
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reply to post by Rigel Kent
 


Hi Rigel,

I would like to understand more and will start with a practical discussion and hope you can share your thoughts.

The Practical
+Is your main driver to hoard Gold the fact that you believe the economy is going to tank?
+Are you already heavily vested in Gold?
+If so do you hold the Gold physically in your possession?
+If the dollar collapses and you have a Hyperinflation scenario how would you go about purchasing your daily needs and how would you exchange your 500g bar of Gold (to use your example)?
+Do you believe you would get a fair exchange rate for your Gold in a crisis?
+How would you protect your Gold at home and in transit?
+If you were going to leave for another country by which means would you do so using Gold?
+If everyone suddenly needed to exchange their Gold for consumables how would that affect the price of Gold?

Now the philosophical
+If you had all the money you could ever want what would you do right now?
+If demand drives the price of Gold does scaremongering help drive the price higher?
+At which point would it be prudent to divest from Gold for those with a major holding, when demand is on the up or when everyone is trying to exchange it for real items, and what do you believe people do when they divest from Gold?
+Could you foresee the government imposing a Gold tax if there were no other means to obtain funds from the people?

___________

Just to give you some perspective - I visited an Eastern European village where in times of war generosity to others whether sharing/exchanging goods lending a hand got them through it and made bonds that stand to this day. Not that I was around but the same happened here in the UK during WW2.

But I have to concede that if a bar of Gold fell into my lap without causing injury :-) I wouldn't complain and would exchange it for a better self sufficient life immediately. I just dont think I would be happy if I was stuck with it in the scenario presented "Global Meltdown" or the alternate scenario where it reminded me that it constituted a loss because I bought what other people were trying to offload.



posted on Sep, 4 2009 @ 02:27 PM
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reply to post by iamjesusphish
 


China has told its citizens to buy silver and gold and both those metals have jumped up in price. Get ready to see China dump the dollar.



posted on Sep, 4 2009 @ 02:58 PM
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reply to post by phi1618
 





gold and silver is fine and good, but if there is no food to buy you are done for.


I suggest plows, draft horses, seed, cows, goats, sheep, chickens and farmland. Perhaps a co-op with like minded individuals who help a farmer pay off his mortgage in return for food. If the SHTF, this maybe a place to retreat to where you would be welcome. Our farmland is under threat. The Ag corporations want ownership of all US farmland. It is the only asset we have left in the US. In 1990, before WTO was ratified, Foreign ownership of U.S. assets amounted to 33% of U.S. GDP. By 2002 Foreign ownership had increased to over 70% of U.S. GDP. Link

Real solutions to the problem of TSHF are out there. Putting fiat money into a farm makes more sense than putting it into gold. It will also short circuit the Ag Corporations intentions of taking over the US food Supply. The WTO and its regs wiped out 60% of the farmers in Portugal, 75% of the farmers in Mexico, has farmers in India suiciding and the EU chair point blank stated plans to remove 1 million Polish farmers from the land to make it available for the Ag corporations.



Passage of the FSEA into law would amend the Federal Food, Drug and Cosmetic Act (FFDCA). The bill proposes a substantial increase in power and resources for the Food and Drug Administration (FDA) and would significantly diminish existing judicial restraints on actions taken by the agency. Although the bill includes some provisions that could improve the mainstream food system, many of these are vaguely worded and do not clearly define the scope of the agency’s power, creating the potential for inappropriate application and enforcement. Small farms and local artisanal producers are part of the solution to the food safety problem in this country; the bill would impose on them a one-size-fits-all regulatory scheme and would disproportionately impact their operations for the worse. www.ftcldf.org...





Cow Shares, Herd Shares, Farm Shares

In states where dairy regulations forbid consumers their constitutional right to purchase raw milk in stores or directly from farmers, consumers are entering into share agreements with the farmer.

In a cow share or herd share agreement, consumers pay a farmer a fee for boarding their cow, (or share of a cow), caring for the cow and milking the cow. The cow share owner then obtains (but does not purchase) the milk from his own cow. This arrangement is similar to arrangements of owning a share in a racehorse or a bull.

Some states, such as Wisconsin, actually forbid cow share agreements (which represents a further abridgement of our constitutional rights.) In these states, consumers and farmers have set up corporations in which consumers hold non-voting shares. This permits the consumer to obtain raw milk and other products from the farm in which he shares ownership (a farm share). It is more difficult and more expensive to set up a farm share program than a cow or herd share program, but this arrangement has the advantage of providing the farmer with more protection.
www.realmilk.com...

The Farm-to-Consumer Legal Defense Fund is a 501 (c) (4) non-profit organization made up of farmers and consumers joining together and pooling resources to:

• Protect the constitutional right of the nation’s family farms to provide processed and unprocessed farm foods directly to consumers through any legal means.

• Protect the constitutional right of consumers to obtain unprocessed and processed farm foods directly from family farms.

• Protect the nation’s family farms from harassment by federal, state, and local government interference with food production and on-farm food processing.
www.ftcldf.org...



posted on Sep, 4 2009 @ 03:40 PM
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reply to post by crimvelvet
 


Thanks nice info.

I had a conversation with a man not so long ago and he explained the importance of keeping the agricultural infrastructure in a country going, even with heavy subsidies and wastage of mountains of food. It was so that if the country ever went to war they would be able to feed their people among other motives. Shame that we seem to be taking a backstep where this is concerned.

This is a recent BBC report on something that is becoming commonplace, the Ukrainians resent it and are calling it a return to the Feudal system.

Land grab - BBC



posted on Sep, 4 2009 @ 03:55 PM
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reply to post by pixanomaly
 





This is a recent BBC report on something that is becoming commonplace, the Ukrainians resent it and are calling it a return to the Feudal system.


It is a return to Feudalism composed of the Central Bank elite/Aristocracy and the peasants/wageslaves That is why Maurice Strong and the "environmental/Socialists" are attacking the middle class. "It is clear that current lifestyles and consumption patterns of the affluent middle class -- involving high meat intake, consumption of large amounts of frozen and convenience foods, use of fossil fuels, appliances, home and work-place air-conditioning, and suburban housing -- are not sustainable." Notice there is no attack on the ultra rich or people like Al Gore, just us middle class who have the gall to use up resources reserved for the elite. Environmentalism is about preserving resources so the dirty peasants do not use them before the elite get their hands on them.

While the UN blocked a US corporation from mining gold near Yellowstone, Bush senior was employed by a rival gold mining company.



posted on Sep, 4 2009 @ 04:26 PM
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reply to post by crimvelvet
 


I read it and it sent a shudder down my spine


Resistance to such changes is deeply entrenched. They will come about not through the embrace of full blown world government, but as a careful and pragmatic response to compelling imperatives and the inadequacies of alternatives."

"The concept of national sovereignty has been an immutable, indeed sacred, principle of international relations. It is a principle which will yield only slowly and reluctantly to the new imperatives of global environmental cooperation. What is needed is recognition of the reality that in so many fields, and this is particularly true of environmental issues, it is simply not feasible for sovereignty to be exercised unilaterally by individual nation-states, however powerful. The global community must be assured of environmental security."


It has been a very long term plan and it appears that we may come to see the culmination in our lifetime, the level of disdain in the subtext for us "the majority" is alarming.

For reasons I cant go into I know as fact that some of the statements made in your link are accurate. I will read your posts over the weekend you are enlightened.



posted on Sep, 5 2009 @ 11:50 AM
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Originally posted by pixanomaly
reply to post by Rigel Kent
 


Hi Rigel,

I would like to understand more and will start with a practical discussion and hope you can share your thoughts.

The Practical
+Is your main driver to hoard Gold the fact that you believe the economy is going to tank?
+Are you already heavily vested in Gold?
+If so do you hold the Gold physically in your possession?
+If the dollar collapses and you have a Hyperinflation scenario how would you go about purchasing your daily needs and how would you exchange your 500g bar of Gold (to use your example)?
+Do you believe you would get a fair exchange rate for your Gold in a crisis?
+How would you protect your Gold at home and in transit?
+If you were going to leave for another country by which means would you do so using Gold?
+If everyone suddenly needed to exchange their Gold for consumables how would that affect the price of Gold?

Now the philosophical
+If you had all the money you could ever want what would you do right now?
+If demand drives the price of Gold does scaremongering help drive the price higher?
+At which point would it be prudent to divest from Gold for those with a major holding, when demand is on the up or when everyone is trying to exchange it for real items, and what do you believe people do when they divest from Gold?
+Could you foresee the government imposing a Gold tax if there were no other means to obtain funds from the people?

___________

Just to give you some perspective - I visited an Eastern European village where in times of war generosity to others whether sharing/exchanging goods lending a hand got them through it and made bonds that stand to this day. Not that I was around but the same happened here in the UK during WW2.

But I have to concede that if a bar of Gold fell into my lap without causing injury :-) I wouldn't complain and would exchange it for a better self sufficient life immediately. I just dont think I would be happy if I was stuck with it in the scenario presented "Global Meltdown" or the alternate scenario where it reminded me that it constituted a loss because I bought what other people were trying to offload.


pixanomaly,
i will try to answer some of your questions,
Yes, that is my main driver for holding gold. The economy will collapse and the dollar will be severely devalued. i would rather have gold than paper money.
i am about 10% in physical gold and it is all in the hand so to speak.
dollar collapse, hyperflation. well i have food stores for a year and a small rice farm producing 5 tonnes annually I would not have to sell any of it for my daily needs. by the way I never said I have a 500 gram bar.
it is hidden very well and booby trapped
A fair exchange rate for something is what you consider it to be worth considering the surrounding circumstances and status quo.
In times of crisis the usual means of transport from one continent to another is by sea (check out Viet-Nam after the USA lost the war and fled, the vietnamese boat people got out - how did they pay to get on the boats?)

Thats enough for now,
PEACE,
RK



posted on Sep, 5 2009 @ 12:51 PM
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It may be worthwhile to have physical Gold and Silver in your hands. But the only reason this is going to be worthwhile is if you have enough wealth in cash to justify it.
It's a way of securing your savings DURING a period of instability, and nothing more.

Gold and Silver will only help you to survive through a real crash (actually using it in trade) if you can find a buyer or someone to trade with. And there will certainly not be many out there willing to accept it.

Personally, If I had £20k stashed in savings or investments, I'd learn to accept that money is an illusion and start investing in self-sufficiency. But I might also put a few k in solid Gold (in a safe, accessible to me) so that I have solid investment when things rectify.

Don't bother buying paper "guarantees" of Gold or Silver ownership. That's as pointless as investing, all you are securing for yourself is an "agreement", and all agreements rely on the party you are making that agreement with surviving through the same disaster.

In a financial storm such as what is expected, having a safe full of Gold might help you once this is all over, but it will not put food in your stomach. Investing in growing your own food, treating your own water, producing your own power and securing agreements within your community will all help you.

I'd rather know that my immediate future is secure and I can eat tomorrow, than try to make sure I have wealth in five years, and then only if things work out in my favour.



posted on Sep, 5 2009 @ 04:29 PM
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Just a warning

Be careful of buying anything at historical highs

Good example would be DJIA future contracts mid 2008

That is all



posted on Sep, 5 2009 @ 04:32 PM
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reply to post by detachedindividual
 


You have hedged your inflation risk about 10000x too much if you are in 10% physical gold.

Also, good luck unloading that if you have to.

Gold has been flatline this year while overall markets worldwide as a whole are up around 70% (on average - emerging would be included)

All Im saying is I dont know if its the smartest idea leveraging yourself in at historical highs no matter what gold does end up doing in the 6 months if your time frame is xx amt. of years


EDIT: this was aimed at rigel kent - and i quoted your post, sorry

[edit on 5-9-2009 by GreenBicMan]



posted on Sep, 5 2009 @ 09:46 PM
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reply to post by GreenBicMan
 


GBM:

You seem to be the only reasonable person on these boards at times, at least in the Global Meltdown section.

I would love to hear your opinions on shorting the market, etf's and strategies to protect a persons buying power with their US dollars.

I am TEMPTED by gold and silver etc. However, I almost feel as people are being led into a similar situation as they were with housing. BUY BUY BUY, its going to the MOON! It will never go down. Get rich quick.

So far, 99% of the predictions on here haven't come true. I've pulled money out and have it just in case there is a bank run....etc...etc...

The powers that be might just want us to spend our money on highly inflated gold and silver, it plummets, and they buy it back from us.

Also...if anyone has any money, why not buy land? Nobody wants these houses or land, and you can actually buy it on the low.



posted on Sep, 5 2009 @ 09:50 PM
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just my 2 cents here . I think gold is safe . It may rise to 1500 an ounce and i do not think its gona fall anytime soon. Silver also.



posted on Sep, 5 2009 @ 10:00 PM
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Well, I bought roughly a years salary worth of silver back in 2001.
It is now worth roughly three times as much today.

If I had bought Enron Shares, or shares in General Motors do you think I could have done better than that ?



posted on Sep, 5 2009 @ 10:03 PM
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I think its safe to say gold might always be worth SOMETHING. Sometimes 1000 oz, sometimes 280 oz. I guess it just depends when you get it.

Sometimes my house is worth 2 million, sometimes 100k.

Now is a great time for people to be cashing in on their gold if they bought it at a low.



posted on Sep, 6 2009 @ 01:27 AM
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reply to post by GreenBicMan
 


Greenbicman,
Thanks for your reply,
I have read many of your posts in global meltdown threads and you seem to be very market savvy so I always take note of what you say. However, Please bear with me and try to explain some of the things you said in your earlier post.

You said

"You have hedged your inflation risk about 10000x too much if you are in 10% physical gold."

I dont understand this as I thought 10% - 20% of a potfolio in PM's was OK.

You said

"Gold has been flatline this year"

2009 figures are approx

Low 880
High 994

www.kitco.com...

Is that not more than a 10% increase since Jan 1st?

I agree with you that it is nowhere as good as the markets performance but what can you do? the markets scare me right now and I do not have the nerve for them. Your statement about taking positions at times of historical highs is both noted and appreciated.

PEACE,
RK



posted on Sep, 6 2009 @ 03:18 AM
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reply to post by Rigel Kent
 


Perhaps it is up more than that after this recent run, thought we started the year in mid 900's or closer to 1000 actually.. I could be off though -

Ive had a $hitty night so ill go deeper into this tomrorow




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