I just can't wait until my silver goes up exponentially and the housing market resets to fair value so ai can scoop up a house on the cheap when fear and panic have taken over and people are drowning in debt and I will not need a mortgage because I made the right choices in buying tangible assets like physical silver, copper, nickel, gold and most importantly food and water (and also guns and ammo, that never hurts your position 😉)
I prepare myself too, gold & silver are basic, as well as cryptos... but take on account that if those assets prices skyrocketed then we will be living chaotic & violent times for sure! I experience the 2001 crisis in Argentine, banks accounts block by the govmt, exchange rate peso-us dollar 1to1 going to 4to1 in a few days!, super being looted, violence and robbery everywhere... not a very good experience to live really... and imagine the coming finance collapse will be much much more catastrophic not in 1 country but in the vast mayority of nations... I feel that the magnitude of the crash will overwhelm us by way far our imagination!... prepare economically, socially but specially spiritually, God bless.
Yeah I probably listen to too many silver stackers. I just don't feel safe with the dollar. If prices go up 10% a year than that's like 12% inflation. Metals are more stable and manipulated ones have a higher reward should they be needed for something and existed. We can go back to silver/copper or silver/nickel or silver/boron idk but I don't bet the farm on it. I am savings low and if ai had the cash on hand it would be gone by now. Forces me to be more frugal. I guess that is why I avoid risk principally. I can hold the coins and just staring at them makes me feel better hahaha
Absolutely Brother. First you must make sure your soul is clean and then worry about the house. I am sorry you had to go through that in Argentina but I am sure now you are much more prepared for having seen its effects and that was a smaller magnitude of what can possibly happen. Of course I hope the world continues on as it has and hopefully gets better but I feel without that level of control all I can do is prepare myself and my family.
Might be a good idear with some BTC too, since it might be difficult tradeing silver if the value were to increase dramatically. i hold silver for the long run, and BTC for likividity and minimum of cash and just enougf in the bank to pay my bills :D
Same here. The bank is just a conduid to paying the bills. My job gives me the check, I cash it and take it out in cash and put 10% into silver for savings and preparedness. I also own BTC and around 50 other cryptocurrencies but cash and not just bills but "pocket change" are also in my portfolio. Hoarding never seemed so sane.
I love gold and silver... And yes, I also have some of the so called Junk Silver...lol... It's not junk to me... Still, one needs to consider holding onto a little Pocket Change... The "other" hard asset...
90% Silver is great, but when the Dollar Crashes, Silver will be way too valuable to be used as a Medium of Exchange.. That's where Pocket Change comes into play... Pocket Change will not Crash like the Paper and Digital Currencies will Crash... In fact, I believe they will increase in buying power by a hundred fold...
Copper and Nickel are often the most overlooked metals out there. A silver backed currency or a gold one, less likely IMO, will always need to be offset with these base metals which themselves need to be mined and are finite in the Earths crust. Always keep my nickels and pre-1981 pennies. And of course pre-1964/1970 halfs, quarters and dimes.
Yes... I also like copper and nickel, but remember this... Common Coinage or as I call it, Pocket Change isn't about the metal value, just like the Fiat Paper isn't about the Paper value... People need to understand that when the Paper and Digital Fiat fails, we will still need a "Medium of Exchange" and Pocket Change meets that need...
Totally. What do you think would happen if I had a bunch of scrap metal and can make pennies and nickels? Do you think there would be a lot of fake pocket change because people would need a certain amount per capita? What would insure the medium of exchange? Government issued pieces of non-rare and non-scarce metals that are likely easy to forge especially if you can literally make money from metal that is present all over the place? Imagine if all your pipes were made of solid gold. You would make a lot of money as a plumber. If we used sea shells the richest guy would probably live closest to the beach.
You made me laugh...lol... To answer your question, if you tried making your own U.S. Coins out of Scrap Metal, you'd have the Secret Service knocking down your door... Pocket Change will increase in buying power if my theory is correct... Not because of it's metal value, just like Paper Currencies are not based on the value of the Paper used in printing them... When the Paper and Digital Currencies Collapse, our Common Coinage will become a very valuable Medium of Exchange...
Yeah I was just thinking if we for to the point of needing coinage only the aecret service would probably not be too high priority with the fake metal like they are with fake bills. And like I always say "Come and Take Em'"! But I was just saying that because it wouldnt be nearly as hard to make a press or a casting and make coins if that was the medium of exchange. We dont have enough safety features such as Canadian Maple Leaf silver coins on pur pennies and nickels thats why I said it. If I knew how I would haha and I am glad I can still make someone laugh. Just dont tell the wife ;)
I can picture safety features being implemented on new coins, but it will take quite some time to replace the existing coinage... There will always be the collector coins out there, but many coins will be replaced as time goes forward... You sure wouldn't want to get caught making your own coins... It would be a Federal Offence... Thanks for your comment... Pocket Change...
I just can't wait until my silver goes up exponentially and the housing market resets to fair value so ai can scoop up a house on the cheap when fear and panic have taken over and people are drowning in debt and I will not need a mortgage because I made the right choices in buying tangible assets like physical silver, copper, nickel, gold and most importantly food and water (and also guns and ammo, that never hurts your position 😉)
I prepare myself too, gold & silver are basic, as well as cryptos... but take on account that if those assets prices skyrocketed then we will be living chaotic & violent times for sure! I experience the 2001 crisis in Argentine, banks accounts block by the govmt, exchange rate peso-us dollar 1to1 going to 4to1 in a few days!, super being looted, violence and robbery everywhere... not a very good experience to live really... and imagine the coming finance collapse will be much much more catastrophic not in 1 country but in the vast mayority of nations... I feel that the magnitude of the crash will overwhelm us by way far our imagination!... prepare economically, socially but specially spiritually, God bless.
Yeah I probably listen to too many silver stackers. I just don't feel safe with the dollar. If prices go up 10% a year than that's like 12% inflation. Metals are more stable and manipulated ones have a higher reward should they be needed for something and existed. We can go back to silver/copper or silver/nickel or silver/boron idk but I don't bet the farm on it. I am savings low and if ai had the cash on hand it would be gone by now. Forces me to be more frugal. I guess that is why I avoid risk principally. I can hold the coins and just staring at them makes me feel better hahaha
Yep, let's all hope for the smoothest transition possible but be ready for the worst, may Jesus bless and protect us all.
AMEN!
Absolutely Brother. First you must make sure your soul is clean and then worry about the house. I am sorry you had to go through that in Argentina but I am sure now you are much more prepared for having seen its effects and that was a smaller magnitude of what can possibly happen. Of course I hope the world continues on as it has and hopefully gets better but I feel without that level of control all I can do is prepare myself and my family.
agree, we must put our hopes in God not in the things of this world (we should occupy ourself though!) God bless.
God Bless you too Brother and we shall keep on working for it is surely time for work ;)
yes indeed! =)
Yes I agree 100% in what you are saying. We will find out soon enough if we have done the right type of preparing!
It's always good to have a back up plan... That's where Pocket Change comes in handy...
Might be a good idear with some BTC too, since it might be difficult tradeing silver if the value were to increase dramatically. i hold silver for the long run, and BTC for likividity and minimum of cash and just enougf in the bank to pay my bills :D
Make sure to keep some Btc for the other side, may out perform silver many fold.
Same here. The bank is just a conduid to paying the bills. My job gives me the check, I cash it and take it out in cash and put 10% into silver for savings and preparedness. I also own BTC and around 50 other cryptocurrencies but cash and not just bills but "pocket change" are also in my portfolio. Hoarding never seemed so sane.
I love gold and silver... And yes, I also have some of the so called Junk Silver...lol... It's not junk to me... Still, one needs to consider holding onto a little Pocket Change... The "other" hard asset...
Hey, it's 90% silver, that's no laughing matter !
90% Silver is great, but when the Dollar Crashes, Silver will be way too valuable to be used as a Medium of Exchange.. That's where Pocket Change comes into play... Pocket Change will not Crash like the Paper and Digital Currencies will Crash... In fact, I believe they will increase in buying power by a hundred fold...
That might very well be true, I'll start saving my pocket change. Thanks !
Pocket Change will also reset to fair value... It's the most overlooked hard asset...
Copper and Nickel are often the most overlooked metals out there. A silver backed currency or a gold one, less likely IMO, will always need to be offset with these base metals which themselves need to be mined and are finite in the Earths crust. Always keep my nickels and pre-1981 pennies. And of course pre-1964/1970 halfs, quarters and dimes.
Yes... I also like copper and nickel, but remember this... Common Coinage or as I call it, Pocket Change isn't about the metal value, just like the Fiat Paper isn't about the Paper value... People need to understand that when the Paper and Digital Fiat fails, we will still need a "Medium of Exchange" and Pocket Change meets that need...
Totally. What do you think would happen if I had a bunch of scrap metal and can make pennies and nickels? Do you think there would be a lot of fake pocket change because people would need a certain amount per capita? What would insure the medium of exchange? Government issued pieces of non-rare and non-scarce metals that are likely easy to forge especially if you can literally make money from metal that is present all over the place? Imagine if all your pipes were made of solid gold. You would make a lot of money as a plumber. If we used sea shells the richest guy would probably live closest to the beach.
You made me laugh...lol... To answer your question, if you tried making your own U.S. Coins out of Scrap Metal, you'd have the Secret Service knocking down your door... Pocket Change will increase in buying power if my theory is correct... Not because of it's metal value, just like Paper Currencies are not based on the value of the Paper used in printing them... When the Paper and Digital Currencies Collapse, our Common Coinage will become a very valuable Medium of Exchange...
Yeah I was just thinking if we for to the point of needing coinage only the aecret service would probably not be too high priority with the fake metal like they are with fake bills. And like I always say "Come and Take Em'"! But I was just saying that because it wouldnt be nearly as hard to make a press or a casting and make coins if that was the medium of exchange. We dont have enough safety features such as Canadian Maple Leaf silver coins on pur pennies and nickels thats why I said it. If I knew how I would haha and I am glad I can still make someone laugh. Just dont tell the wife ;)
I can picture safety features being implemented on new coins, but it will take quite some time to replace the existing coinage... There will always be the collector coins out there, but many coins will be replaced as time goes forward... You sure wouldn't want to get caught making your own coins... It would be a Federal Offence... Thanks for your comment... Pocket Change...