University of Texas takes delivery of one billion in gold

www.zerohedge.com...

This had to stun COMEX and may be a tipping point in the gold price. It only takes a few more like this for the SHTF. Some analysts believe gold and silver will go much, much higher. Banks must be peeing their pants about now.

If you haven't got physical gold you will starve... You all must take heed !!

Originally posted by bjsmi2
If you haven't got physical gold you will starve... You all must take heed !!

You can't really eat gold.

thats a whole lot of gold, whats that work out to be close to 18,800kgs of gold which is hmm about 1500 bars if they are the standard 12.4kg a bar,
Thats amazing that a university has that much in investments, must be a damn huge university to accumulate that much cash.

Originally posted by bjsmi2
If you haven't got physical gold you will starve... You all must take heed !!

Question;

What good is gold in a shtf scenario?

Can't eat it...can't build with it..can't get warmed by it...can't breathe it...can't be protected by it..etc.

You can trade it for the above things..but then what good is it to the one who you traded with? To trade again?

Then what?

A bowl of rice and a cup of water, will be far, far, FAR more valuable than a bowl of yellow, soft metal in a shtf scenario, far more!

Don't waste your money on this little *CON JOB* people, because that is exactly what it is..an orchestrated con to drive up the precious metals market, by trying to create demand.

A tonne of gold, will do you no good whatsoever...apart from making you more of a target to those that will want to take what you have. A cache of food, equipment and weapons will prevent you HAVING to trade a worthless lump of metal for what will keep you alive.

Buy sacks of rice.
Buy sacks of flour.
Buy sacks of oats.
Buy sacks of pulses.
Store container water.
Buy survival equipment.

Do NOT buy worthless metal, that you'd have to expose yourself and your family to danger, in order to *then* buy the things you should already HAVE...rice, oats, flour etc.

Don't fall for the crap people..buy what you need to survive NOW, not later using gold or silver with all the trouble and danger that they will bring to you and yours, when you try to exchange it for food etc.

Put it this way...if you have a sack of rice..only a sack of rice to feed your family..no more food around to be had at all..would you feel it a good trade if you got a sack of gold for your sack, *your ONLY sack*, of rice?

If you do...go ahead, buy as much metal as you can...and enjoy looking at it, while you and your family starve to death. (*IF* in a shft)

Up to you folks...but this is a con to raise the metals market.

This just might be the tippingpoint ...start of a chainreaction. WOW.

Here comes the inflation storm, everyone take cover!!!!!

reply to post by spikey


I agree with you. Buy food, water etc. But if you still have money left after that, buy gold and silver. Sooner or later the wheels start turning again and gold and silver will be worth something to buy a house or something like that.

what is gold worth in a shtf scenario? about as much as copper or helium, meaning a lot. gold is perfect for circuitry (along with copper) and helium is perfect for the process of creating microcircuitry. it will retain value, as we try to retain the knowledge of civilization over the first 100 - 500 years after collapse.

you can memorize the bible (etc. bad example.) for posterity, or you can keep the tools, materials, knowledge and currency necessary to ensure posterity's existence

reply to post by spikey


I have a bunch of 1979 pennies - all copper. They might be good to trade for stuff in the SHTF scenario. I've had them for years, but I kept them just for when the SHTF, because I have felt it coming for a very long while.

Makes you think what is really going on with the state of education when a university has a spare billion to throw around. Anyone else thinking that the cost of education is a little inflated?

reply to post by kwakakev


Thats the real crux of it, every year the cost of a college degree goes up while these universities set on billions. It does make you wonder just who they are serving because it certianly isnt there students.

reply to post by spikey


the idea is a perceived value. so long as there is still a part of the world where S isnt H'ing The F, there will be the assumption that someone somewhere will take gold.

worldwide recognition. i have no idea how it got there, but its there.

Originally posted by spikey
What good is gold in a shtf scenario?

No one says keep gold and only gold.

All of the important things you listed are a primary - but when you're trying to store wealth long-term despite economic issues, precious metals are essential.

Don't be so naive against pm's, because they are great for people who actually have money to worry about keeping it.

Gold has no value to me. You can't eat it.

The United States has more Gold in it's landfills and dumps than most countries have in their Banks.

All those electronic components that are plated in gold and were sent to dumps over the decades....we've got plenty Gold.

We also are the only country to put Gold on the moon. We're the only country that can bring that Gold back if we want to.


The Gold scare is laughable.

Originally posted by Pervius
The Gold scare is laughable.

What about silver? A study said that silver will be the first 'extinct' element on earth. We rely on silver in tons of our computer electronics, this is a huge industry that is only growing larger!

reply to post by spikey


Those who have the Gold makes the rules. If you have Gold you will be able to buy all those things. People will always want Gold.

reply to post by derickonfire


Silver will have a better growth curve than Gold. There's less of it above ground. It's below historical ratio.
bestmetalresearch.com

Even Mad Max went to Bartertown.

Yes, silver and gold will still be valuable if SHTF. Of course prepare by stocking up on stores, but if we don't have a worst case scenario, you will be very glad to have some shiny metal.

reply to post by gem_man


If in fact precious metals do retain value after a shtf event; it will only serve to get you killed.