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Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In Business See other Business Articles Title: Hey - Precious Metals - What's Happening? Source: [None] URL Source: [None] Published: Jul 5, 2015 Author: Chuck_Wagon Post Date: 2015-07-05 13:22:18 by Chuck_Wagon Keywords: gold, silver, money Views: 10937 Comments: 57 Hello there, folks. I am starting this thread for those who are interested in 'hard money' - call it 'paleo-investing' it you will. The silver price has apparently been suppressed - for a while. Many so-called pundits and prognosticators predict that it MAY soon move upwards. The purpose of this thread is to keep track of these things. Participate if you will... Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 48. #1. To: Chuck_Wagon (#0) The silver price has apparently been suppressed - for a while. Many so-called pundits and prognosticators predict that it MAY soon move upwards. I'll believe it when I see it - and maybe not even then. SOSO  posted on  2015-07-05   13:27:52 ET  Reply   Untrace   Trace   Private Reply   #3. To: SOSO (#1) Lead would be the only precious metal worth buying and then there is a limit it does no good. Gold and Silver are only worth something if the economy crashes slowly and recovers slowly. Its controlled by the same people who control paper money. They tell you to buy it while its high and when you can't hold it because you need the money you sell it back to them at a low price. They win all the way around. Justified  posted on  2015-07-05   13:32:57 ET  Reply   Untrace   Trace   Private Reply   #18. To: Justified (#3) Gold and Silver are only worth something if the economy crashes slowly and recovers slowly. They are only worth something if there is someone who has things you need that is willing to trade for them. In a total market collapse,things like coffee,bandages,medicine,gasoline,and bullets will be more valuable than either. Let's say for example the entire US economy collapses,which it will one day unless things change. Then lets say you have 20 lbs of gold stuffed away in a closet. Who in your neighborhood are you going to find who will trade you food,water,clothing,medicine,and comfort items for a few flakes of gold? Or even the whole 20 lbs? You can't eat it,drink it,or defend yourself with it,so what good is it to the average person? Even fi there were an established price per ounce for it,how many people do you know other than drug dealers that have scales accurate enough to weigh grams and who have access to transportation and markets where he can sell he gold? Every consumer item,including gold is only worth what people are willing to pay for it. sneakypete  posted on  2015-07-05   17:02:01 ET  Reply   Untrace   Trace   Private Reply   #47. To: sneakypete (#18) Vodka is a good currency. In real crisis people crave it and you can make it. :) Store sugar, yeast and get some copper equipment. A Pole  posted on  2015-07-06   9:45:58 ET  Reply   Untrace   Trace   Private Reply   #48. To: A Pole (#47) Vodka is a good currency. Not as good as corn whiskey,though. Not personally worth anything to me anymore since I don't drink,but it's damn sure valuable trade goods. So are cigarettes and cigars. For some of the same reasons. Addicts gotta have their fix is the prime one. sneakypete  posted on  2015-07-06   9:54:32 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 48.         There are no replies to Comment # 48. End Trace Mode for Comment # 48. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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