Thoughts about hording Precious Metals...

Grumpy old man · #21 10/09/13, 03:49 PM

Quote:

Originally Posted by wy_white_wolf

Easy to cover now. What happens when SHTF and the goberment is trying to raise revenue?

You save different things for different reasons. Yes all the suggestions of food, seeds, livestock, etc need to be saved for during the SHTF event. Gold and silver will be more useful in the recovery from such event.

WWW

bull hockey food and livestock will be the new gold , and you and no one else has enough to cover yourself for any serious length of time .

unregistered41671 · #22 10/09/13, 04:28 PM

Quote:

Originally Posted by davel745

ammunition is another one of those things that you cant eat but you can turn it into food easier than gold.

Maybe, but I would not want my ammo to come back and haunt me.

unregistered353870 · #23 10/09/13, 04:43 PM

Quote:

and you and no one else has enough to cover yourself for any serious length of time .

That's what you think.

emdeengee · #24 10/09/13, 04:47 PM

The government may put a limit on what you can hold if you are using the financial system to "hold" your gold but how would they know what you have if you have real metal?

My life is surrounded by gold miners and gold mining and believe me - they only ever declare/sell a part of what they find. More in the years when people are crazy enough to pay $1800 an ounce.

plowjockey · #25 10/09/13, 04:59 PM

Won't really matter anyway, as the notion of using your pocketknife, to shave off a few flecks of gold, to pay for some food, or medicine, is simply ludicrous, to say the least.

If gold prices skyrocket, so will the price of everything it will buy.

Besides, at today's price of $1300/oz, I can fill my pickup truck with gas, 13 times.

Whooptie-doo.

Sawmill Jim · #26 10/09/13, 05:06 PM

Quote:

Originally Posted by simi-steading

I still think AT&F will be more valuable and easier to trade than gold...

Yep but even if you got a half million dollars invested it those things just how much junk you want to trade for . And if a person has a large stock and it becomes known you have it you got to sleep sometimes .

Grumpy old man · #27 10/09/13, 05:22 PM

Quote:

Originally Posted by jtbrandt

That's what you think.

Sure !

Grumpy old man · #28 10/09/13, 05:23 PM

Quote:

Originally Posted by emdeengee

The government may put a limit on what you can hold if you are using the financial system to "hold" your gold but how would they know what you have if you have real metal?

My life is surrounded by gold miners and gold mining and believe me - they only ever declare/sell a part of what they find. More in the years when people are crazy enough to pay $1800 an ounce.

Why would anyone DECLARE Any of it ,Are you that loyal to the gods ?

I would say even the gold rush guys on tv don't declare 1/10th of what they found . You can't travel the world and spend 100's of thousands of dollars and only show 100 ounces a year , soon we'll see them with an IRS audit watch and see ! He keeps bragging about his safe at home holding untold sums

emdeengee · #29 10/09/13, 05:46 PM

When you purchase gold through financial institutions you purchase a document. If you have the real thing is it still recorded when sold. Only if you keep it private and unsold do you keep it undetectable.

The Gold Rush guys are complete fools and anyone who thinks this is gold mining has another think coming. This is all theatre. Salted. They found nothing that would have been worth the mess they made. We know because we are the Klondike.

sidepasser · #30 10/09/13, 05:58 PM

Trading gold (real metal not the pieces of paper that say you have metal) between private parties is not recorded anywhere unless one opens their mouth.

Same with guns. Trading privately (and it is STILL done) means no one knows, except you and the other party. Pay in cash and each goes his/her own way.

I swear I think people are forgetting that the government does not need to know every single thing you do these days.

emdeengee · #31 10/09/13, 06:03 PM

I was not referring to private sales but commercial sales. Most people do not have access to private sales in the quantities that would be useful. Those doing the selling don't just sell to anyone.

Grumpy old man · #32 10/09/13, 06:04 PM

Quote:

Originally Posted by sidepasser

Trading gold (real metal not the pieces of paper that say you have metal) between private parties is not recorded anywhere unless one opens their mouth.

Same with guns. Trading privately (and it is STILL done) means no one knows, except you and the other party. Pay in cash and each goes his/her own way.

I swear I think people are forgetting that the government does not need to know every single thing you do these days.

use armslist.com for local private gun / ammo sales in your area

sidepasser · #33 10/09/13, 06:23 PM

Also lots of forums for both local and private bartering, selling and trading for pretty much anything you might want to buy w/o a lot of paperwork.

unregistered353870 · #34 10/09/13, 06:58 PM

Quote:

Originally Posted by Grumpy old man

bull hockey food and livestock will be the new gold , and you and no one else has enough to cover yourself for any serious length of time .

Quote:

Originally Posted by jtbrandt

That's what you think.

Quote:

Originally Posted by Grumpy old man

Sure !

So you don't think that? Then why did you post it? Seems odd to me....

unregistered353870 · #35 10/09/13, 07:00 PM

Quote:

Originally Posted by emdeengee

The Gold Rush guys are complete fools and anyone who thinks this is gold mining has another think coming. This is all theatre. Salted. They found nothing that would have been worth the mess they made. We know because we are the Klondike.

Yeah, those guys are definitely idiots when it comes to gold mining. Their real business is TV...and that's what pays for all the traveling mentioned by someone else. It definitely isn't gold...as a hobby gold miner I know more than they do about gold recovery.

edcopp · #36 10/12/13, 01:46 PM

Quote:

Originally Posted by simi-steading

I see so many people talking about hording precious metals in case the economy goes south.. Granted, it's a good idea.. Everyone wants gold.. .most want silver, even when the dollar isn't worth a plug nickle..

But what happens if the economy crashes, and the government puts into place a limit on the amount of gold or silver people can hold? It's been done before.. what's to keep us from thinking they can't do that again?

What government?

unregistered353870 · #37 10/12/13, 03:03 PM

Quote:

Originally Posted by edcopp

What government?

The government will not go away if the economy collapses...it will just get more tyrannical.

plowjockey · #38 10/12/13, 05:40 PM

Quote:

Originally Posted by jtbrandt

The government will not go away if the economy collapses...it will just get more tyrannical.

If we have Cops and the Military, no longer being paid, who will be risking their lives, to enforce any laws?

Just curious.

Grumpy old man · #39 10/13/13, 04:45 AM

Quote:

Originally Posted by jtbrandt

The government will not go away if the economy collapses...it will just get more tyrannical.

That's just it the US economy is just to large to fail , And planning for economic collapse by hoarding gold and silver is a lost cause , Food stores and livestock can be used at any time while gold/silver is rarely used when the price goes below what the owner paid as they sit and wait for it to recover .

Riverdale · #40 10/13/13, 08:58 AM

precious metals are lead and canning lids........